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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 01:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h +0.001%
Price spread now: Paradex against Nado+0.155%7-day average +0.033% · 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−$131as in the Price arb table
costs, in and out, $10k−$1431.433% of the position
Long on NadoShort on Paradex
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.005%+$1 on $10k
Price spread, last 7 days−0.140%−$14 · spread now +0.155%, 7d avg +0.033%
Together, before fees−0.135%+ Points / potential airdropNado: Active · Paradex: Active · farm board−$13 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: Paradex is 0.121% dearer against Nado than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.033%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado ETH-PERP2,774.20.0100pay 0.0012% / 1h27m 58s$14.8M$114.3M50x
ShortParadex ETH-USD-PERP2,778.50.0099get 0.0099% / 8h7h 27m$16.0M$8.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex 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
−$0.14
Price spread: +0.155% → +0.033%
$12.14
Slippage, 4 orders
−$132.3
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$131.3
Costs to cover
1.433%
Break-even
never at this rate
Slippage from Nado: live order book, 1 min ago; Paradex: 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 bp4.0 bp −$44.2 bp −$426.0 bp −$60213.3 bp −$6,643
Sell Paradex live order book, 1 min ago29.10 bp31.1 bp −$3131.1 bp −$311doesn'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
Injective ETH/USDC PERP−0.0752%1h2,772.9−0.047%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,773.4−0.030%$5.7M$11.1M25xas long as short
Perpl ETH−0.0112%43m2,773−0.042%$321K$6.3M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,774.7+0.017%$5K$1K50xas long as short
Phemex ETHUSDT−0.0068%8h2,774.5+0.010%$270.0M$67.5M150xas long as short
01 Exchange ETHUSD−0.0040%1h2,773.3−0.033%$168K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,771.1−0.112%$878K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,775+0.030%$12.2M$45.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,774.6+0.013%$22.4M—200xas long as short
Bullet ETH-USD+0.0022%1h2,773.8−0.016%$185K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX ETH/USD [ETH-USDC]L +0.0025% / S +0.0009%1h2,774.5+0.010%$12.7M—200xas long as short
OKX ETH-USDT-SWAP+0.0025%8h2,773−0.042%$1.71B$11.18B100xas long as short
SoDEX ETH-USD+0.0036%1h2,773.8−0.015%$55.3M$188.0M40xas long as short
Aster ETHUSDT+0.0042%8h2,773.3−0.033%$256.8M$886.3M200xas long as short
MEXC ETH_USDT+0.0055%8h2,773.3−0.032%$1.62B$2.63B500xas long as short
Aevo ETH-PERP+0.0056%1h2,771.5−0.100%$5.0M$167K20xas long as short
Binance ETHUSDT+0.0056%8h2,773.2−0.037%$6.49B$16.34B150xas long as short
Aftermath Perps ETHUSD+0.0063%1h2,772.3−0.069%$31K$21K20xas long as short
Bitget ETHUSDT+0.0072%8h2,772.6−0.057%$2.10B$2.87B150xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,774.6+0.015%$60.5M$4.44B50xas long as short
Vest ETH-PERP+0.0082%1h2,773.2−0.037%—$876K50xas long as short
KuCoin ETHUSDTM+0.0083%8h2,773.9−0.012%$420.7M$627.4M100xas long as short
Gate ETH_USDT+0.0086%8h2,773.5−0.024%$3.37B$9.00B200xas long as short
Lighter ETH+0.0096%1h2,774−0.009%$115.3M$457.9M50xas long as short
Lighter RH ETH+0.0096%1h2,775.2+0.035%$25.7M$111.5M50xas long as short
Paradex ETH-USD-PERPshort+0.0099%8h2,778.5+0.155%$16.0M$8.7M50x
Katana Perps ETH-USD+0.0100%8h2,773−0.044%$485K$2.7M50xas long as short
Nado ETH-PERPlong+0.0100%1h2,774.2long leg$14.8M$114.3M50x
Hyperliquid ETH+0.0100%1h2,775.6+0.050%$3.18B$2.24B25xas long as short
Pacifica ETH+0.0100%1h2,775.2+0.036%$31.3M$325.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,773.3−0.035%$2.51B$4.37B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,774.6+0.014%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,774.5+0.010%$2.8M$16.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,772.8−0.049%$170.3M$276.6M25xas long as short
BingX ETH-USDC+0.0100%8h2,773.1−0.041%—$17.3M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,773.5−0.026%$15.2M$42.0M50xas long as short
Variational Omni ETH+0.0100%8h2,770.6−0.131%$140.2M$345.2M—as long as short
edgeX ETHUSDC+0.0100%4h2,770.3−0.142%$181.9M$787.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,770.9−0.119%$161.1M$84.5M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,771−0.116%$8.7M$32.2M100xas long as short
StandX ETH-USD+0.0100%1h2,770.3−0.141%$21.4M$63.7M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,774.1−0.004%$10.5M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,774.9+0.026%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,776.3+0.076%$42.7M$28.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,773.6−0.021%$973K$13.2M100xas long as short
HTX ETH-USDT+0.0100%8h2,773.3−0.034%$1.08B$1.25B200xas long as short
Extended ETH-USD+0.0104%1h2,771.9−0.083%$30.9M$74.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,774.3+0.005%—$36.9M500xas long as short
Kalshi KXETHPERP+0.0111%8h2,774.8+0.021%$8.1M$681.3M4.9xas long as short
Deribit ETH-PERPETUAL+0.0114%1h2,775.3+0.037%$259.1M$206.4M50xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,775.2+0.036%$96.1M$319.5M100xas long as short
Orderly PERP_ETH_USDC+0.0151%8h2,777+0.101%$32.7M$11.2M100xas long as short
Hibachi ETH/USDT-P+0.0152%1h2,771.6−0.095%$253K$1.5M20xas long as short
BloFin ETH-USDT+0.0175%8h2,771.3−0.107%$287.7M$182.0M150xas long as short
Reya ETHRUSDPERP+0.0211%1h2,774.20.000%$7.4M$1.2M25xas long as short