data as of
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Price arb /

ETH

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$1
spread now+0.091%7d average+0.006%fees + slippage, in and out−$9spread needed0.094%
Long on NadoShort on Lighter RH
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado ETH-PERP2,7170.0100pay 0.0012% / 1h46m 22s$18.8M$111.0M50x
ShortLighter RH ETH2,719.50.0096get 0.0012% / 1h46m 22s$25.7M$115.0M50x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$9.11
Funding while held
−$0.12
Slippage, 4 orders
−$2.43
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$0.44
Spread needed to break even
0.094%
Slippage from Nado: live order book, 4 min ago; Lighter RH: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
−0.0004%
Per $10,000 a day
−$0.12
Average in range /8h
—

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, 4 min ago0.18 bp3.7 bp −$43.7 bp −$376.5 bp −$65016.4 bp −$8,187
Sell Lighter RH live order book, 4 min ago1.03 bp1.0 bp −$11.4 bp −$145.3 bp −$53458.7 bp −$29.3K

ETH price on every exchange

against the cheapest. Click to use as the short leg.
edgeX2,714.9cheapestApeX Omni2,715.5+0.022%Reya2,716.8+0.073%Variational Omni2,716.9+0.075%
Nado2,717+0.077%
Katana Perps2,717.4+0.093%Phoenix2,717.9+0.111%MEXC2,718+0.113%Binance2,718+0.115%dYdX2,718+0.115%BingX2,718+0.115%Polymarket Perps2,718.1+0.119%Perpl2,718.1+0.120%Gate2,718.2+0.123%gTrade (Gains Network)2,718.2+0.124%RISEx2,718.4+0.128%Extended2,718.6+0.137%Backpack2,718.6+0.137%Lighter2,718.7+0.140%Pacifica2,718.7+0.141%KuCoin2,718.8+0.144%Jupiter Perps2,718.9+0.147%Bullet2,718.9+0.148%SunX2,718.9+0.149%Arcus2,718.9+0.150%HTX2,718.9+0.150%GMX2,719+0.152%OKX2,719.2+0.160%Bybit2,719.3+0.163%Bluefin2,719.4+0.167%
Lighter RH2,719.5+0.169%
SoDEX2,719.5+0.170%Bitget2,719.6+0.173%Bulk2,719.6+0.174%Vest2,719.7+0.178%Aevo2,719.9+0.184%Aster2,719.9+0.186%Ondo Perps2,720+0.189%Phemex2,720+0.189%Kraken Futures2,720.3+0.201%Hotstuff2,720.5+0.207%Hyperliquid2,720.6+0.211%Deribit2,720.9+0.220%01 Exchange2,721.2+0.233%Paradex2,721.2+0.234%Aftermath Perps2,721.5+0.244%Orderly2,721.7+0.250%BloFin2,721.7+0.250%Coinbase International2,721.9+0.258%Kalshi2,723.5+0.318%Hibachi2,723.6+0.321%StandX2,723.7+0.325%Injective2,724.9+0.369%Derive2,727.1+0.451%

ETH on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
edgeX ETHUSDC−0.077%+0.0100%4h$191.8M$666.1M100xas long as short
ApeX Omni ETHUSDT−0.055%−0.0002%1h$7.6M$27.3M100xas long as short
Reya ETHRUSDPERP−0.005%+0.0148%1h$7.3M$912K25xas long as short
Variational Omni ETH−0.003%+0.0100%8h$152.0M$291.2M—as long as short
Nado ETH-PERPlong0.000%+0.0100%1h$18.8M$111.0M50x
Katana Perps ETH-USD+0.016%+0.0100%8h$466K$1.9M50xas long as short
Phoenix ETH+0.034%+0.0070%1h$1.4M$2.4M25xas long as short
MEXC ETH_USDT+0.036%+0.0100%8h$1.53B$2.33B500xas long as short
Binance ETHUSDT+0.037%+0.0100%8h$6.54B$14.55B150xas long as short
dYdX ETH-USD+0.038%+0.0426%1h$24.4M$21.4M50xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BingX ETH-USDC+0.038%+0.0100%8h—$16.1M—as long as short
Polymarket Perps ETH-USD+0.041%+0.0100%1h$10.7M$4.8M50xas long as short
Perpl ETH+0.043%−0.0335%43m$181K$5.3M8.3xas long as short
Gate ETH_USDT+0.046%−0.0038%8h$3.67B$8.31B200xas long as short
gTrade (Gains Network) ETH/USD+0.047%L +0.0006% / S −0.0006%1h$22.1M—200xas long as short
RISEx ETH/USDC+0.051%+0.0266%1h$5.9M$13.5M25xas long as short
Extended ETH-USD+0.059%+0.0104%1h$32.7M$72.7M50xas long as short
Backpack ETH_USDC_PERP+0.059%+0.0038%1h$15.4M$38.2M50xas long as short
Lighter ETH+0.062%+0.0096%1h$118.5M$470.9M50xas long as short
Pacifica ETH+0.063%+0.0100%1h$30.8M$188.4M50xas long as short
KuCoin ETHUSDTM+0.067%+0.0100%8h$392.6M$669.5M100xas long as short
Jupiter Perps ETH-PERP+0.070%L +0.0096% / S +0.0048%1h—$41.5M500xas long as short
Bullet ETH-USD+0.071%+0.0066%1h$181K$1.9M20xas long as short
SunX ETH-USDT+0.071%+0.0100%8h$938K$14.1M100xas long as short
Arcus ETH-USD+0.072%+0.0100%1h$2.3M$14.2M25xas long as short
HTX ETH-USDT+0.072%+0.0100%8h$1.08B$1.14B200xas long as short
GMX ETH/USD [ETH-USDC]+0.075%L +0.0016% / S +0.0014%1h$11.6M—200xas long as short
OKX ETH-USDT-SWAP+0.082%+0.0018%8h$1.71B$10.58B100xas long as short
Bybit ETHUSDT+0.085%+0.0100%8h$2.42B$4.27B150xas long as short
Bluefin ETH-PERP+0.090%+0.0786%1h$19K$24K25xas long as short
Lighter RH ETHshort+0.091%+0.0096%1h$25.7M$115.0M50x
SoDEX ETH-USD+0.093%+0.0080%1h$55.3M$139.7M40xas long as short
Bitget ETHUSDT+0.095%+0.0079%8h$2.12B$2.96B150xas long as short
Bulk ETH-USD+0.097%+0.0100%1h$148.8M$275.4M25xas long as short
Vest ETH-PERP+0.101%+0.0100%1h—$1.2M50xas long as short
Aevo ETH-PERP+0.106%+0.0096%1h$4.9M$778K20xas long as short
Aster ETHUSDT+0.109%+0.0100%8h$267.6M$812.6M200xas long as short
Ondo Perps ETH-USD.P+0.111%+0.0286%1h$3.2M$12.6M25xas long as short
Phemex ETHUSDT+0.111%+0.0037%8h$263.1M$65.6M150xas long as short
Kraken Futures PF_ETHUSD+0.124%+0.0262%1h$85.0M$313.8M100xas long as short
Hotstuff ETH-PERP+0.130%−0.0080%1h$5K$1K50xas long as short
Hyperliquid ETH+0.133%+0.0235%1h$3.17B$2.06B25xas long as short
Deribit ETH-PERPETUAL+0.143%+0.0221%1h$259.5M$209.0M50xas long as short
01 Exchange ETHUSD+0.156%+0.0552%1h$186K$1.0M50xas long as short
Paradex ETH-USD-PERP+0.157%+0.0099%8h$14.1M$11.4M50xas long as short
Aftermath Perps ETHUSD+0.167%+0.0225%1h$29K$34K20xas long as short
Orderly PERP_ETH_USDC+0.172%+0.0213%8h$31.9M$11.1M100xas long as short
BloFin ETH-USDT+0.172%+0.0220%8h$295.1M$168.3M150xas long as short
Coinbase International ETH-PERP-INTX+0.180%+0.0056%1h$60.8M$4.67B50xas long as short
Kalshi KXETHPERP+0.240%0.0000%8h$4.6M$480.0M4.9xas long as short
Hibachi ETH/USDT-P+0.243%+0.0248%1h$306K$1.2M20xas long as short
StandX ETH-USD+0.248%+0.0100%1h$20.9M$55.3M40xas long as short
Injective ETH/USDC PERP+0.292%−0.0112%1h$117K$22.5M52xas long as short
Derive ETH-PERP+0.373%+0.0757%1h$42.3M$18.9M15xas long as short