Settings8H · net · $10k
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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 00:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h +0.011%
Price spread now: Nado against Phemex+0.016%7-day average +0.001% · 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−$18as in the Price arb table
costs, in and out, $10k−$190.194% of the position
Long on PhemexShort on Nado
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.033%+$3 on $10k
Price spread, last 3 days (all we have)+0.010%+$1 · spread now +0.016%, 7d avg +0.001%
Together, before fees+0.043%+ Points / potential airdropNado: Active · farm board+$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex ETHUSDT2,768.60.0036pay 0.0036% / 8h21m 22s$270.0M$68.9M150x
ShortNado ETH-PERP2,769.10.0100get 0.0012% / 1h21m 22s$14.3M$118.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against Phemex. 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
$13.52
Price spread: +0.016% → +0.001%
$1.53
Slippage, 4 orders
−$0.4
Fee Phemex: 6 bp × 2 orders
−$12
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$4.35
Costs to cover
0.194%
Break-even
9.3 days
Slippage from Phemex: live order book, 3 min ago; Nado: live order book, 3 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 Phemex live order book, 3 min ago0.02 bp6.0 bp −$66.8 bp −$6810.3 bp −$1,03214.4 bp −$7,223
Sell Nado live order book, 3 min ago0.18 bp3.7 bp −$43.8 bp −$385.7 bp −$57113.6 bp −$6,781

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−0.0223%43m2,770.1+0.055%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,769.6+0.034%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,762.1−0.235%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,769.4+0.028%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0043%1h2,766.6−0.075%$8.8M$32.9M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,770.7+0.075%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,769.9+0.048%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,769.9+0.046%$876K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,768.8+0.008%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0022%8h2,767.6−0.037%$1.70B$11.87B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps ETHUSD+0.0023%1h2,771.4+0.099%$29K$22K20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,769.1+0.019%$12.8M—200xas long as short
Aster ETHUSDT+0.0030%8h2,770.1+0.054%$255.7M$1.00B200xas long as short
Phemex ETHUSDTlong+0.0036%8h2,768.6long leg$270.0M$68.9M150x
SoDEX ETH-USD+0.0036%1h2,767.7−0.033%$55.1M$229.1M40xas long as short
Bullet ETH-USD+0.0045%1h2,769.2+0.020%$182K$1.7M20xas long as short
Aevo ETH-PERP+0.0056%1h2,765.5−0.112%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0057%8h2,769.3+0.023%$1.61B$2.66B500xas long as short
Binance ETHUSDT+0.0058%8h2,769.1+0.018%$6.45B$17.31B150xas long as short
Deribit ETH-PERPETUAL+0.0064%1h2,769.3+0.023%$259.0M$222.5M50xas long as short
Bitget ETHUSDT+0.0066%8h2,767.7−0.032%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0069%8h2,769.2+0.021%$3.28B$9.67B200xas long as short
KuCoin ETHUSDTM+0.0082%8h2,770.1+0.055%$420.9M$739.6M100xas long as short
Bybit ETHUSDT+0.0088%8h2,767.9−0.028%$2.50B$4.63B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,769.7+0.037%$60.1M$4.59B50xas long as short
BingX ETH-USDT+0.0089%8h2,768.1−0.019%—$1.23B—as long as short
Vest ETH-PERP+0.0094%1h2,770.1+0.054%—$1.1M50xas long as short
HTX ETH-USDT+0.0095%8h2,768.4−0.007%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,769.9+0.044%$115.1M$499.9M50xas long as short
Lighter RH ETH+0.0096%1h2,771.5+0.102%$25.3M$121.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,771.7+0.111%—$43.4M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,768.8+0.007%$15.9M$10.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,769.4+0.028%$476K$2.8M50xas long as short
Nado ETH-PERPshort+0.0100%1h2,769.1+0.016%$14.3M$118.3M50x
Hyperliquid ETH+0.0100%1h2,771.7+0.111%$3.18B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,770.1+0.053%$31.2M$312.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,769.5+0.032%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,770.5+0.067%$2.7M$17.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,772.9+0.155%$167.0M$259.0M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,771.3+0.095%$15.1M$44.5M50xas long as short
Variational Omni ETH+0.0100%8h2,769+0.013%$147.5M$336.1M—as long as short
edgeX ETHUSDC+0.0100%4h2,766.1−0.090%$181.6M$784.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,767.9−0.025%$161.0M$89.3M50xas long as short
StandX ETH-USD+0.0100%1h2,767.1−0.055%$21.4M$58.6M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,769.8+0.043%$10.7M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,768.7+0.002%$21K$24K25xas long as short
SunX ETH-USDT+0.0100%8h2,768.60.000%$970K$13.9M100xas long as short
Derive ETH-PERP+0.0100%1h2,770.2+0.055%$42.6M$29.4M15xas long as short
Extended ETH-USD+0.0104%1h2,767.2−0.052%$32.5M$78.2M50xas long as short
Kalshi KXETHPERP+0.0113%8h2,770.9+0.082%$8.3M$687.1M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,769.1+0.017%$88.7M$336.9M100xas long as short
Orderly PERP_ETH_USDC+0.0141%8h2,770.4+0.064%$32.6M$12.1M100xas long as short
BloFin ETH-USDT+0.0178%8h2,768.5−0.003%$286.6M$194.5M150xas long as short
Reya ETHRUSDPERP+0.0203%1h2,769+0.014%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0224%1h2,772.9+0.153%$251K$1.6M20xas long as short