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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 23:00 UTC+0.0137%/8h= +15.0% APRnext payment +$0.17 per $10,000 · paid last 24h +0.008%
Price spread now: Reya against Nado−0.049%7-day average −0.044% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on NadoShort on Reya
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.034%+$3 on $10k
Price spread, last 7 days+0.035%+$3 · spread now −0.049%, 7d avg −0.044%
Together, before fees+0.069%+ Points / potential airdropNado: Active · Reya: Active · farm board+$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.044%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado ETH-PERP2,7720.0057pay 0.0007% / 1h8m 27s$14.2M$118.1M50x
ShortReya ETHRUSDPERP2,770.60.0194get 0.0024% / 1h8m 27s$7.3M$1.2M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya 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
$28.82
Price spread: −0.049% → −0.044%
−$0.53
Slippage, 4 orders
no order book: not counted
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Reya: 3 bp × 2 orders
−$6
Net
$15.29
Costs to cover
0.130%
Break-even
3.3 days
Slippage unknown: Nado: live order book, 6 min ago; Reya: 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, 6 min ago0.18 bp3.7 bp −$43.7 bp −$376.3 bp −$63215.1 bp −$7,537
Sell Reya no order-book sample—————
Reya: 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
Perpl ETH−0.0447%43m2,773.7+0.060%$287K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,771.8−0.005%$5.7M$11.8M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,774.5+0.090%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,779.6+0.274%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,772.4+0.015%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0002%1h2,773.8+0.066%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,774+0.071%$12.7M$45.7M50xas long as short
Phoenix ETH0.0000%1h2,773.5+0.054%$885K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,771.7−0.010%$22.4M—200xas long as short
BingX ETH-USDC+0.0015%8h2,773.1+0.038%—$17.4M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0018%8h2,770.7−0.047%$1.70B$11.84B100xas long as short
Phemex ETHUSDT+0.0024%8h2,773.7+0.060%$270.1M$68.9M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,774+0.073%$12.9M—200xas long as short
Bullet ETH-USD+0.0027%1h2,770.9−0.038%$181K$1.7M20xas long as short
Aster ETHUSDT+0.0031%8h2,773.5+0.054%$255.9M$994.9M200xas long as short
Nado ETH-PERPlong+0.0057%1h2,772long leg$14.2M$118.1M50x
MEXC ETH_USDT+0.0060%8h2,770.9−0.041%$1.61B$2.68B500xas long as short
Binance ETHUSDT+0.0060%8h2,772.4+0.016%$6.43B$17.22B150xas long as short
ApeX Omni ETHUSDT+0.0062%1h2,772.2+0.006%$8.7M$32.6M100xas long as short
Aevo ETH-PERP+0.0064%1h2,771−0.035%$5.0M$636K20xas long as short
SoDEX ETH-USD+0.0065%1h2,773.3+0.047%$55.2M$228.9M40xas long as short
Bitget ETHUSDT+0.0067%8h2,770.7−0.047%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0072%8h2,772.9+0.031%$3.29B$9.67B200xas long as short
Deribit ETH-PERPETUAL+0.0082%1h2,775+0.108%$258.5M$222.2M50xas long as short
HTX ETH-USDT+0.0089%8h2,773+0.035%$1.08B$1.32B200xas long as short
Bybit ETHUSDT+0.0092%8h2,771.3−0.024%$2.51B$4.62B150xas long as short
KuCoin ETHUSDTM+0.0095%8h2,771−0.036%$421.6M$739.0M100xas long as short
Lighter ETH+0.0096%1h2,774.3+0.084%$115.1M$502.9M50xas long as short
Lighter RH ETH+0.0096%1h2,775.8+0.139%$25.4M$121.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,773.9+0.068%—$41.6M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,773.6+0.056%$15.9M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,772.7+0.025%$477K$2.7M50xas long as short
Vest ETH-PERP+0.0100%1h2,772.1+0.005%—$1.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,773.4+0.051%$3.18B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,774.4+0.085%$31.2M$303.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,772.5+0.018%$2.8M$17.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,774+0.073%$2.7M$17.6M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.8−0.042%$166.1M$253.0M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,774.1+0.076%$15.1M$44.1M50xas long as short
Variational Omni ETH+0.0100%8h2,770.9−0.041%$144.7M$334.7M—as long as short
edgeX ETHUSDC+0.0100%4h2,771.1−0.033%$181.4M$779.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,772.5+0.018%$161.3M$91.1M50xas long as short
StandX ETH-USD+0.0100%1h2,773.5+0.054%$21.4M$58.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,772.4+0.015%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,773.6+0.057%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,775.7+0.134%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,772.6+0.023%$972K$14.0M100xas long as short
Extended ETH-USD+0.0104%1h2,772.1+0.003%$32.6M$77.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,774.6+0.095%$59.8M$4.60B50xas long as short
Kalshi KXETHPERP+0.0124%8h2,773.4+0.051%$8.3M$681.1M4.9xas long as short
Orderly PERP_ETH_USDC+0.0137%8h2,776.2+0.151%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,774.5+0.090%$86.0M$332.5M100xas long as short
BloFin ETH-USDT+0.0180%8h2,773.3+0.048%$284.7M$194.4M150xas long as short
Reya ETHRUSDPERPshort+0.0194%1h2,770.6−0.049%$7.3M$1.2M25x
Hibachi ETH/USDT-P+0.0256%1h2,774.9+0.104%$270K$1.5M20xas long as short