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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 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.017%
Price spread now: Hyperliquid against Nado+0.099%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$180.175% of the position
Long on NadoShort on Hyperliquid
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.021%+$2 on $10k
Price spread, last 7 days−0.084%−$8 · spread now +0.099%, 7d avg +0.023%
Together, before fees−0.063%+ Points / potential airdropNado: Active · Hyperliquid: Season 2 · farm board−$6 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: Hyperliquid is 0.077% dearer against Nado than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.023%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado ETH-PERP2,748.70.0100pay 0.0012% / 1h28m 23s$14.0M$112.9M50x
ShortHyperliquid ETH2,751.40.0100get 0.0013% / 1h28m 23s$3.13B$2.12B25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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: +0.099% → +0.023%
$7.66
Slippage, 4 orders
−$1.53
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$9.87
Costs to cover
0.175%
Break-even
1013981620187736.8 days
Slippage from Nado: live order book, 6 min ago; Hyperliquid: live order book, 6 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, 6 min ago0.18 bp3.7 bp −$43.7 bp −$375.2 bp −$52114.0 bp −$7,008
Sell Hyperliquid live order book, 6 min ago0.18 bp4.7 bp −$54.7 bp −$475.8 bp −$5848.3 bp −$4,158

ETH on 54 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%43m2,750.1+0.053%$310K$6.0M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,748.2−0.017%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,750+0.047%$5.6M$11.3M25xas long as short
ApeX Omni ETHUSDT−0.0014%1h2,748.2−0.016%$8.7M$31.6M100xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,750.8+0.078%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,749.4+0.026%$848K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,749.2+0.020%$10.8M$41.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,751.3+0.097%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0016%1h2,749.6+0.034%$181K$1.1M50xas long as short
BingX ETH-USDT+0.0033%8h2,751.2+0.090%—$1.19B—as long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0045%8h2,751.8+0.113%$1.69B$11.01B100xas long as short
HTX ETH-USDT+0.0047%8h2,746.5−0.078%$1.07B$1.21B200xas long as short
Aster ETHUSDT+0.0066%8h2,749.9+0.044%$253.0M$857.6M200xas long as short
Aevo ETH-PERP+0.0072%1h2,749+0.011%$4.9M$168K20xas long as short
MEXC ETH_USDT+0.0073%8h2,749.3+0.023%$1.57B$2.56B500xas long as short
KuCoin ETHUSDTM+0.0073%8h2,748.9+0.006%$381.8M$605.7M100xas long as short
Binance ETHUSDT+0.0076%8h2,751+0.085%$6.36B$16.21B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,748−0.026%$59.0M$4.37B50xas long as short
Bitget ETHUSDT+0.0092%8h2,751.8+0.113%$2.08B$2.85B150xas long as short
Lighter ETH+0.0096%1h2,749.5+0.030%$113.0M$442.5M50xas long as short
Lighter RH ETH+0.0096%1h2,750.9+0.082%$24.9M$107.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,750+0.048%—$35.4M500xas long as short
Gate ETH_USDT+0.0099%8h2,751.3+0.094%$3.39B$8.87B200xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,754.2+0.200%$15.9M$8.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,748.8+0.005%$468K$2.9M50xas long as short
Nado ETH-PERPlong+0.0100%1h2,748.7long leg$14.0M$112.9M50x
Hyperliquid ETHshort+0.0100%1h2,751.4+0.099%$3.13B$2.12B25x
Pacifica ETH+0.0100%1h2,750+0.048%$31.5M$333.9M50xas long as short
Bybit ETHUSDT+0.0100%8h2,751.5+0.103%$2.46B$4.33B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,748.8+0.005%$2.8M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,750.5+0.065%$2.8M$16.5M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,747.1−0.059%$15.1M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,747.4−0.045%$133.1M$346.1M—as long as short
edgeX ETHUSDC+0.0100%4h2,747.9−0.030%$181.7M$730.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,745.8−0.105%$159.7M$84.5M50xas long as short
StandX ETH-USD+0.0100%1h2,750+0.048%$21.3M$67.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,750.2+0.056%—$869K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,749.8+0.041%$10.7M$8.6M50xas long as short
Bullet ETH-USD+0.0100%1h2,750.2+0.056%$182K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,751.6+0.107%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,753.1+0.162%$41.8M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,749.6+0.033%$963K$12.4M100xas long as short
SoDEX ETH-USD+0.0100%1h2,751.6+0.106%$54.8M$187.6M40xas long as short
Phemex ETHUSDT+0.0100%8h2,747.1−0.058%$267.0M$66.0M150xas long as short
Bulk ETH-USD+0.0100%1h2,743.9−0.173%$165.5M$306.7M25xas long as short
Aftermath Perps ETHUSD+0.0104%1h2,748.3−0.015%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,751+0.084%$30.5M$74.1M50xas long as short
Kalshi KXETHPERP+0.0139%8h2,750.8+0.077%$7.7M$674.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0169%8h2,753.8+0.186%$32.4M$11.1M100xas long as short
Deribit ETH-PERPETUAL+0.0190%1h2,753+0.157%$258.5M$200.2M50xas long as short
Hibachi ETH/USDT-P+0.0200%1h2,749.7+0.036%$250K$1.5M20xas long as short
Injective ETH/USDC PERP+0.0209%1h2,747.9−0.028%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0220%1h2,749.1+0.014%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0353%1h2,752.6+0.141%$90.0M$316.4M100xas long as short