ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.12 per $10,000 · paid last 24h +0.023%

Price spread now: dYdX against Nado−0.043%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$230.228% of the position

Long on Nado Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.181%+$18 on $10k

Price spread, last 7 days+0.099%+$10 · spread now −0.043%, 7d avg −0.021%

Together, before fees+0.279%+ Points / potential airdropNado: Active · farm board+$28 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.022% cheaper against Nado than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.021%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.181%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado ETH-PERP	2,751.3	0.0100	pay 0.0012% / 1h	43m 54s	$14.0M	$113.4M	50x
Short	dYdX ETH-USD	2,750.1	0	get 0.0000% / 1h	43m 54s	$10.9M	$41.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Nado. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee NadobpFee dYdXbpOrdersPrice spread, now −0.043%Rate

Funding earned: −$21
Price spread: −0.043% → −0.021%: −$2.16
Slippage, 4 orders: −$5.81
Fee Nado: 3.5 bp × 2 orders: −$7
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$45.97
Costs to cover: 0.228%
Break-even: never at this rate

Slippage from Nado: live order book, 5 min ago; dYdX: live order book, just now.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Nado live order book, 5 min ago	0.18 bp	3.7 bp −$4	3.7 bp −$37	5.5 bp −$553	13.9 bp −$6,960
Sell dYdX live order book, just now	2.72 bp	7.7 bp −$8	11.9 bp −$119	18.3 bp −$1,828	28.8 bp −$14.4K

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0447%	43m	2,750.7	−0.021%	$314K	$6.1M	8.3x	as long as short
ApeX Omni ETHUSDT	−0.0149%	1h	2,751	−0.012%	$8.8M	$31.6M	100x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,749.8	−0.055%	$5K	$1K	50x	as long as short
RISEx ETH/USDC	−0.0071%	1h	2,750.3	−0.036%	$5.5M	$11.3M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,751.9	+0.023%	$12.0M	—	200x	as long as short
Phoenix ETH	−0.0006%	1h	2,749.7	−0.059%	$863K	$3.1M	25x	as long as short
dYdX ETH-USDshort	0.0000%	1h	2,750.1	−0.043%	$10.9M	$41.9M	50x
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,752.7	+0.050%	$22.2M	—	200x	as long as short
01 Exchange ETHUSD	+0.0008%	1h	2,751.4	+0.003%	$181K	$1.1M	50x	as long as short
BingX ETH-USDT	+0.0028%	8h	2,753.1	+0.066%	—	$1.20B	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0037%	8h	2,753.3	+0.074%	$1.69B	$11.12B	100x	as long as short
Aster ETHUSDT	+0.0054%	8h	2,752.4	+0.041%	$256.0M	$857.3M	200x	as long as short
Deribit ETH-PERPETUAL	+0.0055%	1h	2,753.9	+0.093%	$258.4M	$202.7M	50x	as long as short
HTX ETH-USDT	+0.0058%	8h	2,752	+0.025%	$1.07B	$1.22B	200x	as long as short
Aevo ETH-PERP	+0.0064%	1h	2,750.2	−0.042%	$4.9M	$168K	20x	as long as short
MEXC ETH_USDT	+0.0065%	8h	2,752.1	+0.029%	$1.58B	$2.53B	500x	as long as short
Binance ETHUSDT	+0.0065%	8h	2,753	+0.060%	$6.36B	$16.33B	150x	as long as short
Gate ETH_USDT	+0.0068%	8h	2,753	+0.061%	$3.37B	$8.76B	200x	as long as short
KuCoin ETHUSDTM	+0.0079%	8h	2,752.2	+0.034%	$383.1M	$606.6M	100x	as long as short
Bitget ETHUSDT	+0.0085%	8h	2,753.6	+0.082%	$2.07B	$2.86B	150x	as long as short
Coinbase International ETH-PERP-INTX	+0.0088%	1h	2,753.9	+0.092%	$59.6M	$4.40B	50x	as long as short
Lighter ETH	+0.0096%	1h	2,752.9	+0.057%	$113.3M	$439.7M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,754.5	+0.116%	$25.0M	$106.1M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,749.1	−0.079%	—	$35.6M	500x	as long as short
Aftermath Perps ETHUSD	+0.0098%	1h	2,751	−0.011%	$30K	$21K	20x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,752.2	+0.032%	$15.9M	$8.2M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,749.9	−0.051%	$469K	$2.9M	50x	as long as short
Nado ETH-PERPlong	+0.0100%	1h	2,751.3	long leg	$14.0M	$113.4M	50x
Hyperliquid ETH	+0.0100%	1h	2,755.3	+0.145%	$3.13B	$2.15B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,750	−0.047%	$31.6M	$333.7M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,753.4	+0.075%	$2.48B	$4.36B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,749	−0.084%	$2.8M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,750.7	−0.022%	$2.8M	$16.8M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,751.4	+0.003%	$167.5M	$300.9M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,752.2	+0.032%	$15.0M	$42.3M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,750	−0.048%	$133.2M	$346.7M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,750.8	−0.018%	$184.4M	$736.1M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,753.1	+0.065%	$160.1M	$82.7M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,749	−0.084%	$21.3M	$66.6M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,751.2	−0.006%	—	$871K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,750.4	−0.033%	$10.4M	$8.0M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,751.4	+0.003%	$184K	$1.7M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,752.8	+0.053%	$21K	$22K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,754.6	+0.120%	$42.0M	$28.9M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,748.8	−0.091%	$964K	$12.6M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,752.8	+0.054%	$54.8M	$187.6M	40x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,752.7	+0.050%	$267.8M	$66.3M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,751.5	+0.006%	$30.9M	$74.9M	50x	as long as short
Kalshi KXETHPERP	+0.0135%	8h	2,750.6	−0.026%	$7.7M	$674.1M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0162%	8h	2,755.2	+0.140%	$32.4M	$11.3M	100x	as long as short
Hibachi ETH/USDT-P	+0.0176%	1h	2,749.1	−0.080%	$250K	$1.5M	20x	as long as short
BloFin ETH-USDT	+0.0180%	8h	2,752.8	+0.056%	$285.0M	$179.1M	150x	as long as short
Injective ETH/USDC PERP	+0.0209%	1h	2,747.6	−0.135%	$118K	$22.5M	52x	as long as short
Reya ETHRUSDPERP	+0.0218%	1h	2,750	−0.049%	$7.3M	$1.1M	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0353%	1h	2,753.8	+0.089%	$93.0M	$316.0M	100x	as long as short