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Funding arb · Price arb /

ETH

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Alert: spread
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Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Extended against Nado−0.026%7-day average −0.064% · 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−$9as in the Price arb table
costs, in and out, $10k−$130.127% of the position
Long on NadoShort on Extended
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.006%+$1 on $10k
Price spread, last 7 days+0.003%$0 · spread now −0.026%, 7d avg −0.064%
Together, before fees+0.010%+ Points / potential airdropNado: Active · Extended: Active · farm board+$1 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.039% dearer against Nado than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.064%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado ETH-PERP2,729.70.0100pay 0.0012% / 1h41m 31s$13.8M$104.3M50x
ShortExtended ETH-USD2,7290.0104get 0.0013% / 1h41m 31s$30.4M$72.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$0.84
Price spread: −0.026% → −0.064%
$3.86
Slippage, 4 orders
−$0.73
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$8.03
Costs to cover
0.127%
Break-even
73.9 days
Slippage from Nado: live order book, 3 min ago; Extended: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 3 min ago0.18 bp3.7 bp −$43.9 bp −$395.7 bp −$56814.0 bp −$7,005
Sell Extended live order book, 3 min ago0.18 bp2.7 bp −$32.7 bp −$273.7 bp −$37011.2 bp −$5,593

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl ETH−0.0447%43m2,728.4−0.045%$297K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,732.2+0.093%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,729.9+0.008%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,729.2−0.016%$11.9M—200xas long as short
ApeX Omni ETHUSDT−0.0005%1h2,729.9+0.007%$8.9M$31.3M100xas long as short
dYdX ETH-USD0.0000%1h2,729.8+0.005%$10.7M$41.7M50xas long as short
01 Exchange ETHUSD0.0000%1h2,730+0.012%$188K$841K50xas long as short
Phoenix ETH0.0000%1h2,728.1−0.058%$830K$2.9M25xas long as short
Bullet ETH-USD+0.0006%1h2,728.6−0.039%$181K$1.7M20xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,729.3−0.013%$26.2M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX ETH-USD+0.0050%1h2,728.6−0.039%$54.3M$187.6M40xas long as short
BingX ETH-USDC+0.0057%8h2,729.1−0.019%—$18.4M—as long as short
KuCoin ETHUSDTM+0.0070%8h2,729.2−0.019%$380.1M$576.1M100xas long as short
OKX ETH-USDT-SWAP+0.0073%8h2,729.8+0.004%$1.67B$10.70B100xas long as short
Aster ETHUSDT+0.0079%8h2,729.7+0.001%$251.4M$844.3M200xas long as short
HTX ETH-USDT+0.0082%8h2,728−0.062%$1.05B$1.19B200xas long as short
Deribit ETH-PERPETUAL+0.0083%1h2,730+0.011%$260.1M$196.8M50xas long as short
Aevo ETH-PERP+0.0088%1h2,726.4−0.121%$4.9M$155K20xas long as short
Binance ETHUSDT+0.0088%8h2,729.7+0.003%$6.34B$15.86B150xas long as short
MEXC ETH_USDT+0.0089%8h2,729.6−0.002%$1.52B$2.55B500xas long as short
Bybit ETHUSDT+0.0089%8h2,729.2−0.018%$2.39B$4.34B150xas long as short
Lighter ETH+0.0096%1h2,729.8+0.004%$112.1M$435.2M50xas long as short
Lighter RH ETH+0.0096%1h2,731.1+0.053%$23.2M$105.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,729.5−0.007%—$30.6M500xas long as short
Paradex ETH-USD-PERP+0.0098%8h2,733.6+0.145%$15.6M$8.0M50xas long as short
RISEx ETH/USDC+0.0099%1h2,730.5+0.029%$5.6M$11.5M25xas long as short
Katana Perps ETH-USD+0.0100%8h2,729.2−0.017%$500K$3.2M50xas long as short
Nado ETH-PERPlong+0.0100%1h2,729.7long leg$13.8M$104.3M50x
Hyperliquid ETH+0.0100%1h2,731.7+0.074%$3.10B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,730.4+0.027%$31.6M$333.8M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,729.3−0.014%$2.7M$17.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,730.3+0.022%$2.8M$16.2M25xas long as short
Gate ETH_USDT+0.0100%8h2,729.6−0.001%$3.34B$8.82B200xas long as short
Bitget ETHUSDT+0.0100%8h2,729.6−0.002%$2.07B$2.75B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,728.8−0.031%$15.0M$39.7M50xas long as short
Variational Omni ETH+0.0100%8h2,728.4−0.047%$133.1M$325.5M—as long as short
edgeX ETHUSDC+0.0100%4h2,730.8+0.041%$183.7M$669.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,730.7+0.036%$158.9M$86.4M50xas long as short
StandX ETH-USD+0.0100%1h2,730.4+0.027%$21.1M$69.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,730.5+0.029%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,731.2+0.056%$11.1M$9.1M50xas long as short
Derive ETH-PERP+0.0100%1h2,730.4+0.026%$41.2M$29.7M15xas long as short
SunX ETH-USDT+0.0100%8h2,727.9−0.065%$956K$11.4M100xas long as short
Phemex ETHUSDT+0.0100%8h2,729−0.024%$265.3M$65.4M150xas long as short
Bulk ETH-USD+0.0100%1h2,730.9+0.045%$166.8M$318.0M25xas long as short
Extended ETH-USDshort+0.0104%1h2,729−0.026%$30.4M$72.6M50x
Coinbase International ETH-PERP-INTX+0.0112%1h2,730+0.011%$51.7M$4.26B50xas long as short
Aftermath Perps ETHUSD+0.0120%1h2,731.8+0.076%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0152%8h2,728.5−0.043%$6.4M$677.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0193%8h2,731.3+0.059%$32.1M$11.6M100xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,729.2−0.017%$84.2M$314.0M100xas long as short
Reya ETHRUSDPERP+0.0222%1h2,728.9−0.027%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,730.5+0.032%$253K$1.4M20xas long as short
BloFin ETH-USDT+0.0333%8h2,728.7−0.034%$284.6M$174.8M150xas long as short
Bluefin ETH-PERP+0.0413%1h2,729.6−0.004%$21K$20K25xas long as short