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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 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.008%
Price spread now: HTX against Nado−0.037%7-day average −0.016% · 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−$22as in the Price arb table
costs, in and out, $10k−$190.194% of the position
Long on NadoShort on HTX
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.027%−$3 on $10k
Price spread, last 4 days (all we have)−0.015%−$1 · spread now −0.037%, 7d avg −0.016%
Together, before fees−0.042%+ Points / potential airdropNado: Active · farm board−$4 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: HTX is 0.022% cheaper against Nado than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.016%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado ETH-PERP2,7430.0100pay 0.0012% / 1h6m 19s$14.9M$93.9M50x
ShortHTX ETH-USDT2,7420.0100get 0.0100% / 8h5h 06m$1.05B$1.00B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Nado. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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

Profit calculator

Funding earned
$0
Price spread: −0.037% → −0.016%
−$2.18
Slippage, 4 orders
−$0.4
Fee Nado: 3.5 bp × 2 orders
−$7
Fee HTX: 6 bp × 2 orders
−$12
Net
−$21.58
Costs to cover
0.194%
Break-even
2217459777405762.0 days
Slippage from Nado: live order book, 1 min ago; HTX: live order book, 1 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, 1 min ago0.18 bp3.7 bp −$43.9 bp −$395.7 bp −$57013.2 bp −$6,613
Sell HTX live order book, 1 min ago0.02 bp6.0 bp −$66.0 bp −$606.5 bp −$6539.6 bp −$4,822

ETH on 55 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff ETH-PERP−0.0080%1h2,749.9+0.251%$5K$1K50xas long as short
Hibachi ETH/USDT-P−0.0080%1h2,743.1+0.003%$231K$1.2M20xas long as short
GMX ETH/USD [ETH-USDC]L −0.0009% / S +0.0043%1h2,743.8+0.027%$12.2M—200xas long as short
Phoenix ETH−0.0009%1h2,741.3−0.063%$820K$2.8M25xas long as short
Kalshi KXETHPERP0.0000%8h2,742.2−0.030%$7.2M$655.0M4.9xas long as short
Perpl ETH0.0000%43m2,741.6−0.052%$277K$5.0M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,741.9−0.042%$33.1M—200xas long as short
ApeX Omni ETHUSDT+0.0027%1h2,739.9−0.113%$8.2M$25.1M100xas long as short
Bybit ETHUSDT+0.0036%8h2,743.6+0.020%$2.37B$3.78B150xas long as short
01 Exchange ETHUSD+0.0048%1h2,743.5+0.017%$182K$909K50xas long as short
Show all 55 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0069%8h2,743.3+0.010%$1.68B$9.10B100xas long as short
Aevo ETH-PERP+0.0088%1h2,740.9−0.076%$4.9M$244K20xas long as short
Aster ETHUSDT+0.0090%8h2,743.6+0.021%$255.5M$713.5M200xas long as short
KuCoin ETHUSDTM+0.0090%8h2,743.6+0.020%$365.3M$435.3M100xas long as short
MEXC ETH_USDT+0.0091%8h2,743.8+0.026%$1.59B$2.38B500xas long as short
Binance ETHUSDT+0.0091%8h2,743.7+0.025%$6.41B$13.82B150xas long as short
dYdX ETH-USD+0.0095%1h2,742.6−0.014%$15.2M$42.4M50xas long as short
Lighter ETH+0.0096%1h2,743.4+0.012%$114.0M$391.7M50xas long as short
Lighter RH ETH+0.0096%1h2,744.7+0.059%$23.6M$96.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,743.2+0.007%—$23.5M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,744.3+0.046%$47.7M$3.88B50xas long as short
Katana Perps ETH-USD+0.0100%8h2,742.7−0.012%$513K$3.5M50xas long as short
Nado ETH-PERPlong+0.0100%1h2,743long leg$14.9M$93.9M50x
Pacifica ETH+0.0100%1h2,744+0.034%$32.2M$322.3M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,740.4−0.096%$2.8M$14.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,744.6+0.058%$1.6M$14.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,741−0.075%$163.6M$316.7M25xas long as short
Gate ETH_USDT+0.0100%8h2,743.8+0.030%$3.27B$7.80B200xas long as short
Bitget ETHUSDT+0.0100%8h2,743.4+0.013%$2.11B$2.28B150xas long as short
BingX ETH-USDC+0.0100%8h2,742.7−0.012%—$18.5M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,741.9−0.042%$14.9M$36.2M50xas long as short
Variational Omni ETH+0.0100%8h2,739.5−0.130%$132.3M$277.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,739.6−0.124%$184.4M$560.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,740.6−0.090%$159.3M$69.5M50xas long as short
StandX ETH-USD+0.0100%1h2,742.2−0.030%$21.1M$74.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,744.6+0.057%—$316K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,745.2+0.079%$11.2M$8.6M50xas long as short
Bullet ETH-USD+0.0100%1h2,743.8+0.027%$177K$1.6M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,743.1+0.002%$20K$12K25xas long as short
Derive ETH-PERP+0.0100%1h2,742.9−0.004%$40.9M$26.1M15xas long as short
SunX ETH-USDT+0.0100%8h2,741.9−0.042%$944K$8.4M100xas long as short
SoDEX ETH-USD+0.0100%1h2,742.4−0.023%$61.8M$121.7M40xas long as short
HTX ETH-USDTshort+0.0100%8h2,742−0.037%$1.05B$1.00B200x
Phemex ETHUSDT+0.0100%8h2,742.6−0.014%$263.1M$56.2M150xas long as short
Extended ETH-USD+0.0104%1h2,742.1−0.035%$30.1M$63.8M50xas long as short
Kraken Futures PF_ETHUSD+0.0105%1h2,742.9−0.005%$82.7M$268.2M100xas long as short
Aftermath Perps ETHUSD+0.0111%1h2,741.6−0.051%$30K$8K20xas long as short
Deribit ETH-PERPETUAL+0.0118%1h2,744.5+0.052%$267.1M$182.2M50xas long as short
Reya ETHRUSDPERP+0.0148%1h2,742.7−0.012%$7.3M$854K25xas long as short
Hyperliquid ETH+0.0168%1h2,746.4+0.123%$3.15B$1.69B25xas long as short
Orderly PERP_ETH_USDC+0.0185%8h2,745.9+0.106%$32.4M$9.9M100xas long as short
RISEx ETH/USDC+0.0206%1h2,744.5+0.055%$5.7M$10.5M25xas long as short
BloFin ETH-USDT+0.0362%8h2,742.2−0.029%$284.9M$147.7M150xas long as short
Injective ETH/USDC PERP+0.0461%1h2,745.8+0.101%$118K$27.2M52xas long as short
Paradex ETH-USD-PERP+0.0507%8h2,745.5+0.092%$15.8M$6.2M50xas long as short