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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 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Pacifica against Nado+0.017%7-day average −0.009% · 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−$13as in the Price arb table
costs, in and out, $10k−$160.160% of the position
Long on NadoShort on Pacifica
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.002%$0 on $10k
Price spread, last 7 days−0.020%−$2 · spread now +0.017%, 7d avg −0.009%
Together, before fees−0.018%+ Points / potential airdropNado: Active · Pacifica: Active · farm board−$2 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: Pacifica is 0.026% dearer against Nado than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.009%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado ETH-PERP2,774.90.0100pay 0.0012% / 1h25m 11s$14.6M$117.0M50x
ShortPacifica ETH2,775.40.0100get 0.0013% / 1h25m 11s$31.2M$287.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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: +0.017% → −0.009%
$2.58
Slippage, 4 orders
−$1.03
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$13.45
Costs to cover
0.160%
Break-even
1382090194114039.3 days
Slippage from Nado: live order book, 4 min ago; Pacifica: live order book, 4 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, 4 min ago0.18 bp3.7 bp −$43.7 bp −$376.4 bp −$63715.3 bp −$7,640
Sell Pacifica live order book, 4 min ago0.18 bp4.2 bp −$44.5 bp −$45doesn't fitdoesn't fit

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−0.0112%43m2,774.8−0.005%$289K$6.9M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,766.1−0.318%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,771.9−0.109%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0056%1h2,775.1+0.006%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,773.4−0.055%$798K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,774.9−0.001%$5.8M$11.9M25xas long as short
dYdX ETH-USD0.0000%1h2,775.6+0.025%$12.7M$45.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,775.4+0.016%$22.4M—200xas long as short
Aftermath Perps ETHUSD+0.0007%1h2,771.1−0.138%$29K$22K20xas long as short
Phemex ETHUSDT+0.0014%8h2,774.5−0.016%$267.2M$66.1M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni ETHUSDT+0.0018%1h2,771.4−0.129%$8.8M$32.6M100xas long as short
OKX ETH-USDT-SWAP+0.0021%8h2,775+0.002%$1.71B$11.90B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,775.3+0.012%$13.2M—200xas long as short
Aster ETHUSDT+0.0039%8h2,774.9−0.001%$256.7M$995.9M200xas long as short
MEXC ETH_USDT+0.0045%8h2,774.7−0.009%$1.60B$2.67B500xas long as short
Binance ETHUSDT+0.0047%8h2,774.7−0.009%$6.44B$17.22B150xas long as short
Aevo ETH-PERP+0.0048%1h2,774.3−0.022%$5.0M$636K20xas long as short
Gate ETH_USDT+0.0070%8h2,774.7−0.008%$3.28B$9.65B200xas long as short
Bitget ETHUSDT+0.0073%8h2,774.7−0.008%$2.10B$3.12B150xas long as short
Bullet ETH-USD+0.0082%1h2,774.5−0.016%$185K$1.8M20xas long as short
Variational Omni ETH+0.0092%8h2,774.2−0.028%$140.6M$320.2M—as long as short
Lighter ETH+0.0096%1h2,775.3+0.012%$115.4M$513.5M50xas long as short
Lighter RH ETH+0.0096%1h2,776.6+0.060%$25.4M$122.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,775.3+0.015%—$41.7M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,774.6−0.013%$15.9M$10.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,774.5−0.016%$482K$2.7M50xas long as short
Nado ETH-PERPlong+0.0100%1h2,774.9long leg$14.6M$117.0M50x
Hyperliquid ETH+0.0100%1h2,777+0.073%$3.20B$2.39B25xas long as short
Pacifica ETHshort+0.0100%1h2,775.4+0.017%$31.2M$287.3M50x
Bybit ETHUSDT+0.0100%8h2,774.7−0.008%$2.51B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,774.1−0.030%$2.9M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,776.8+0.066%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,765.9−0.325%$164.9M$256.3M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,774.6−0.012%$424.4M$741.3M100xas long as short
BingX ETH-USDT+0.0100%8h2,774.5−0.017%—$1.18B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,776.8+0.068%$15.4M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,770.9−0.144%$178.1M$791.8M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,772.8−0.075%$161.3M$97.1M50xas long as short
StandX ETH-USD+0.0100%1h2,774.4−0.019%$21.4M$57.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,775.2+0.011%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,776+0.038%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,775.6+0.024%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,777+0.075%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,773.7−0.045%$972K$14.2M100xas long as short
SoDEX ETH-USD+0.0100%1h2,774.7−0.008%$55.2M$228.6M40xas long as short
HTX ETH-USDT+0.0100%8h2,774.6−0.012%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,774.3−0.024%$31.4M$76.1M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,776.6+0.060%$60.1M$4.63B50xas long as short
Kalshi KXETHPERP+0.0120%8h2,775.9+0.035%$8.5M$672.8M4.9xas long as short
Orderly PERP_ETH_USDC+0.0131%8h2,777.7+0.098%$32.6M$12.0M100xas long as short
Deribit ETH-PERPETUAL+0.0139%1h2,776.4+0.053%$258.4M$224.8M50xas long as short
BloFin ETH-USDT+0.0167%8h2,774.5−0.016%$285.0M$195.5M150xas long as short
Reya ETHRUSDPERP+0.0182%1h2,774.6−0.013%$7.4M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,776.2+0.045%$86.9M$330.7M100xas long as short
Hibachi ETH/USDT-P+0.0432%1h2,777.3+0.086%$285K$1.5M20xas long as short