Settings8H · net · $10k
Funding arb · Price arb /

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Ondo Perps against Nado−0.013%7-day average −0.027% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.004%$0 on $10k
Price spread, last 7 days−0.370%−$37 · spread now −0.013%, 7d avg −0.027%
Together, before fees−0.367%+ Points / potential airdropNado: Active · Ondo Perps: Active · farm board−$37 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado ETH-PERP2,731.80.0100pay 0.0012% / 1h35m 26s$14.3M$100.9M50x
ShortOndo Perps ETH-USD.P2,731.40.0100get 0.0013% / 1h35m 26s$2.7M$16.4M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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
Price spread: −0.013% → −0.027%
$1.38
Slippage, 4 orders
no order book: not counted
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$10.62
Costs to cover
0.120%
Break-even
1090923471479721.5 days
Slippage unknown: Nado: live order book, 4 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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 −$43.8 bp −$385.4 bp −$54213.0 bp −$6,500
Sell Ondo Perps no order-book sample
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
BloFin ETH-USDT−0.0178%8h2,732+0.007%$280.8M$177.6M150xas long as short
Perpl ETH−0.0112%43m2,731.7−0.003%$277K$5.7M8.3xas long as short
HTX ETH-USDT−0.0095%8h2,730.8−0.034%$1.05B$1.21B200xas long as short
Hotstuff ETH-PERP−0.0080%1h2,732+0.009%$5K$1K50xas long as short
Bybit ETHUSDT−0.0054%8h2,731.5−0.010%$2.32B$4.29B150xas long as short
Phemex ETHUSDT−0.0050%8h2,731.4−0.014%$263.2M$63.3M150xas long as short
Phoenix ETH−0.0012%1h2,731.8+0.001%$806K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,731.3−0.018%$11.9M200xas long as short
SunX ETH-USDT0.0000%8h2,731.2−0.022%$942K$10.7M100xas long as short
dYdX ETH-USD0.0000%1h2,731.1−0.025%$10.6M$41.9M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kalshi KXETHPERP0.0000%8h2,731.4−0.013%$6.7M$670.6M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,732.3+0.019%$264.6M$219.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,731.8+0.002%$33.0M200xas long as short
ApeX Omni ETHUSDT+0.0025%1h2,731.7−0.004%$8.4M$31.2M100xas long as short
Gate ETH_USDT+0.0034%8h2,731.6−0.006%$3.28B$8.25B200xas long as short
01 Exchange ETHUSD+0.0040%1h2,732.7+0.034%$191K$885K50xas long as short
SoDEX ETH-USD+0.0049%1h2,731.4−0.013%$54.4M$182.5M40xas long as short
Hibachi ETH/USDT-P+0.0056%1h2,732.9+0.042%$237K$1.4M20xas long as short
OKX ETH-USDT-SWAP+0.0076%8h2,731.3−0.018%$1.66B$10.67B100xas long as short
Aster ETHUSDT+0.0077%8h2,731.6−0.005%$252.8M$846.3M200xas long as short
KuCoin ETHUSDTM+0.0083%8h2,731.9+0.005%$383.6M$575.0M100xas long as short
Binance ETHUSDT+0.0088%8h2,731.7−0.001%$6.32B$16.01B150xas long as short
MEXC ETH_USDT+0.0088%8h2,731.4−0.014%$1.57B$2.55B500xas long as short
Aevo ETH-PERP+0.0088%1h2,729−0.101%$4.9M$195K20xas long as short
Bullet ETH-USD+0.0090%1h2,731.4−0.015%$176K$1.7M20xas long as short
Lighter ETH+0.0096%1h2,731.9+0.004%$112.6M$401.4M50xas long as short
Lighter RH ETH+0.0096%1h2,733.1+0.049%$23.7M$96.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,731.4−0.013%$30.4M500xas long as short
Katana Perps ETH-USD+0.0100%8h2,731.6−0.006%$498K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,734.6+0.103%$15.4M$7.2M50xas long as short
Nado ETH-PERPlong+0.0100%1h2,731.8long leg$14.3M$100.9M50x
Hyperliquid ETH+0.0100%1h2,733.9+0.078%$3.11B$2.03B25xas long as short
Pacifica ETH+0.0100%1h2,732.4+0.022%$32.1M$333.3M50xas long as short
Ondo Perps ETH-USD.Pshort+0.0100%1h2,731.4−0.013%$2.7M$16.4M25x
Arcus ETH-USD+0.0100%1h2,731.9+0.005%$1.6M$15.8M25xas long as short
Bulk ETH-USD+0.0100%1h2,729.4−0.087%$164.7M$339.6M25xas long as short
Bitget ETHUSDT+0.0100%8h2,731.7−0.003%$2.11B$2.74B150xas long as short
BingX ETH-USDC+0.0100%8h2,730.8−0.035%$18.7Mas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,731.8+0.001%$15.2M$39.9M50xas long as short
Variational Omni ETH+0.0100%8h2,730.8−0.037%$132.0M$316.4Mas long as short
edgeX ETHUSDC+0.0100%4h2,730.3−0.055%$185.8M$682.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,731−0.029%$158.8M$79.8M50xas long as short
StandX ETH-USD+0.0100%1h2,731.5−0.010%$21.0M$70.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,733.2+0.053%$436K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,732.5+0.027%$11.2M$9.3M50xas long as short
Derive ETH-PERP+0.0100%1h2,732.9+0.041%$40.6M$29.2M15xas long as short
Extended ETH-USD+0.0104%1h2,731−0.026%$30.5M$71.0M50xas long as short
Kraken Futures PF_ETHUSD+0.0105%1h2,732.3+0.021%$82.0M$309.4M100xas long as short
Aftermath Perps ETHUSD+0.0119%1h2,731.9+0.006%$30K$20K20xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,732.5+0.027%$46.1M$4.24B50xas long as short
RISEx ETH/USDC+0.0137%1h2,732.9+0.042%$5.7M$11.4M25xas long as short
Reya ETHRUSDPERP+0.0173%1h2,730.9−0.030%$7.3M$972K25xas long as short
Orderly PERP_ETH_USDC+0.0185%8h2,733.3+0.056%$32.2M$11.1M100xas long as short
Injective ETH/USDC PERP+0.0253%1h2,736.9+0.188%$117K$21.0M52xas long as short
Bluefin ETH-PERP+0.2084%1h2,731.7−0.003%$20K$23K25xas long as short