ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0106%/8h= −11.6% APRnext payment −$0.13 per $10,000 · paid last 24h +0.006%

Price spread now: Nado against RISEx−0.055%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$140.141% of the position

Long on RISEx Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.005%−$1 on $10k

Price spread, last 7 days+0.038%+$4 · spread now −0.055%, 7d avg +0.009%

Together, before fees+0.032%+ Points / potential airdropNado: Active · farm board+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Nado is 0.063% cheaper against RISEx than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.009%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx ETH/USDC	2,744.5	0.0206	pay 0.0026% / 1h	6m 12s	$5.7M	$10.5M	25x
Short	Nado ETH-PERP	2,743	0.0100	get 0.0012% / 1h	6m 12s	$14.9M	$93.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against RISEx. 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

Position, each leg$Hold fordaysFee RISExbpFee NadobpOrdersPrice spread, now −0.055%Rate

Funding earned: −$22.19
Price spread: −0.055% → +0.009%: −$6.34
Slippage, 4 orders: −$1.07
Fee RISEx: 3 bp × 2 orders: −$6
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$42.6
Costs to cover: 0.141%
Break-even: never at this rate

Slippage from RISEx: live order book, 1 min ago; Nado: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy RISEx live order book, 1 min ago	0.02 bp	3.7 bp −$4	4.5 bp −$45	273.5 bp −$27.3K	doesn't fit
Sell Nado live order book, 1 min ago	0.18 bp	3.7 bp −$4	3.7 bp −$37	4.8 bp −$475	12.9 bp −$6,451

ETH on 55 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff ETH-PERP	−0.0080%	1h	2,749.9	+0.196%	$5K	$1K	50x	as long as short
Hibachi ETH/USDT-P	−0.0080%	1h	2,743.1	−0.051%	$231K	$1.2M	20x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0009% / S +0.0043%	1h	2,743.8	−0.027%	$12.2M	—	200x	as long as short
Phoenix ETH	−0.0009%	1h	2,741.3	−0.118%	$820K	$2.8M	25x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,743.6	−0.034%	$7.3M	$655.1M	4.9x	as long as short
Perpl ETH	0.0000%	43m	2,741.6	−0.107%	$277K	$5.0M	8.3x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,743.2	−0.049%	$33.1M	—	200x	as long as short
ApeX Omni ETHUSDT	+0.0027%	1h	2,739.9	−0.167%	$8.2M	$25.1M	100x	as long as short
Bybit ETHUSDT	+0.0036%	8h	2,743.2	−0.050%	$2.37B	$3.78B	150x	as long as short
01 Exchange ETHUSD	+0.0048%	1h	2,743.5	−0.037%	$182K	$909K	50x	as long as short

Show all 55 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0069%	8h	2,743	−0.055%	$1.68B	$9.10B	100x	as long as short
Aevo ETH-PERP	+0.0088%	1h	2,740.9	−0.131%	$4.9M	$244K	20x	as long as short
Aster ETHUSDT	+0.0090%	8h	2,743.3	−0.045%	$255.5M	$713.5M	200x	as long as short
KuCoin ETHUSDTM	+0.0090%	8h	2,743.6	−0.036%	$365.3M	$435.3M	100x	as long as short
MEXC ETH_USDT	+0.0091%	8h	2,743.3	−0.043%	$1.59B	$2.38B	500x	as long as short
Binance ETHUSDT	+0.0091%	8h	2,743.4	−0.041%	$6.41B	$13.82B	150x	as long as short
dYdX ETH-USD	+0.0095%	1h	2,742.6	−0.069%	$15.2M	$42.4M	50x	as long as short
Lighter ETH	+0.0096%	1h	2,743.8	−0.027%	$114.0M	$391.7M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,745	+0.017%	$23.6M	$96.7M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,743.2	−0.048%	—	$23.5M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0096%	1h	2,744.9	+0.014%	$47.7M	$3.89B	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,742.7	−0.067%	$513K	$3.5M	50x	as long as short
Nado ETH-PERPshort	+0.0100%	1h	2,743	−0.055%	$14.9M	$93.9M	50x
Pacifica ETH	+0.0100%	1h	2,744	−0.021%	$32.2M	$322.3M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,740.4	−0.150%	$2.8M	$14.0M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,744.6	+0.003%	$1.6M	$14.1M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,741	−0.130%	$163.6M	$316.7M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,743.3	−0.044%	$3.27B	$7.80B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,743.1	−0.051%	$2.11B	$2.28B	150x	as long as short
BingX ETH-USDT	+0.0100%	8h	2,743.1	−0.052%	—	$947.9M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,742.5	−0.074%	$14.9M	$35.9M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,739.5	−0.185%	$132.3M	$277.8M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,739.6	−0.179%	$184.4M	$560.1M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,740.6	−0.145%	$159.3M	$69.5M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,742.2	−0.085%	$21.1M	$74.8M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,744.6	+0.002%	—	$316K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,745.2	+0.025%	$11.2M	$8.6M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,743.8	−0.028%	$177K	$1.6M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,743.1	−0.053%	$20K	$12K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,742.9	−0.059%	$40.9M	$26.1M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,742.7	−0.067%	$945K	$8.4M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,743.3	−0.045%	$61.8M	$121.7M	40x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,743.2	−0.050%	$1.05B	$1.00B	200x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,743.3	−0.045%	$263.2M	$56.2M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,742.4	−0.078%	$30.1M	$63.8M	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0105%	1h	2,743.8	−0.028%	$82.7M	$267.8M	100x	as long as short
Aftermath Perps ETHUSD	+0.0111%	1h	2,741.6	−0.106%	$30K	$8K	20x	as long as short
Deribit ETH-PERPETUAL	+0.0118%	1h	2,744.5	−0.002%	$267.1M	$182.2M	50x	as long as short
Reya ETHRUSDPERP	+0.0148%	1h	2,742.7	−0.067%	$7.3M	$854K	25x	as long as short
Hyperliquid ETH	+0.0167%	1h	2,746	+0.053%	$3.15B	$1.69B	25x	as long as short
Orderly PERP_ETH_USDC	+0.0185%	8h	2,745.9	+0.052%	$32.4M	$9.9M	100x	as long as short
RISEx ETH/USDClong	+0.0206%	1h	2,744.5	long leg	$5.7M	$10.5M	25x
BloFin ETH-USDT	+0.0362%	8h	2,742.2	−0.084%	$284.9M	$147.7M	150x	as long as short
Injective ETH/USDC PERP	+0.0461%	1h	2,745.8	+0.046%	$118K	$27.2M	52x	as long as short
Paradex ETH-USD-PERP	+0.0507%	8h	2,745.5	+0.037%	$15.8M	$6.2M	50x	as long as short