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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 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: Nado against Variational Omni+0.024%7-day average +0.012% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on Nado
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.008%+$1 on $10k
Price spread, last 7 days−0.009%−$1 · spread now +0.024%, 7d avg +0.012%
Together, before fees−0.001%+ Points / potential airdropVariational Omni: Active · Nado: Active · farm board$0 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ETH2,727.30.0100pay 0.0100% / 8h7h 54m$131.3M$315.9M—
ShortNado ETH-PERP2,7280.0100get 0.0012% / 1h54m 09s$14.1M$103.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against Variational Omni. 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
$0
Price spread: +0.024% → +0.012%
$1.17
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$5.83
Costs to cover
0.070%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Nado: live order book, 5 min ago. 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 Variational Omni RFQ quote, 5 min ago0.75 bpdoesn't fit1.5 bp −$155.8 bp −$578doesn't fit
Sell Nado live order book, 5 min ago0.18 bp3.7 bp −$43.9 bp −$396.3 bp −$62915.0 bp −$7,501

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%43m2,729.3+0.074%$276K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,728.4+0.040%$5K$1K50xas long as short
Phoenix ETH−0.0015%1h2,728.7+0.051%$805K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,728.3+0.037%$11.9M—200xas long as short
Phemex ETHUSDT−0.0004%8h2,727.4+0.004%$262.8M$64.0M150xas long as short
dYdX ETH-USD0.0000%1h2,730.3+0.111%$10.5M$41.8M50xas long as short
Kalshi KXETHPERP0.0000%8h2,729.1+0.065%$6.7M$672.5M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,728.2+0.034%$264.5M$219.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,727.8+0.017%$32.9M—200xas long as short
Gate ETH_USDT+0.0043%8h2,728.4+0.038%$3.30B$8.20B200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0049%8h2,727.3+0.001%$2.32B$4.32B150xas long as short
HTX ETH-USDT+0.0053%8h2,727−0.010%$1.05B$1.22B200xas long as short
OKX ETH-USDT-SWAP+0.0079%8h2,727.4+0.003%$1.65B$10.72B100xas long as short
01 Exchange ETHUSD+0.0080%1h2,729.9+0.095%$191K$884K50xas long as short
KuCoin ETHUSDTM+0.0083%8h2,727.5+0.006%$383.6M$576.4M100xas long as short
Aster ETHUSDT+0.0086%8h2,727.7+0.016%$252.1M$849.3M200xas long as short
Hibachi ETH/USDT-P+0.0088%1h2,727.2−0.006%$242K$1.4M20xas long as short
ApeX Omni ETHUSDT+0.0089%1h2,726.3−0.036%$8.4M$31.2M100xas long as short
SunX ETH-USDT+0.0089%8h2,727.3+0.001%$954K$10.7M100xas long as short
MEXC ETH_USDT+0.0095%8h2,727.6+0.011%$1.56B$2.54B500xas long as short
Binance ETHUSDT+0.0095%8h2,727.6+0.012%$6.31B$16.08B150xas long as short
Lighter ETH+0.0096%1h2,727.9+0.021%$112.1M$400.3M50xas long as short
Lighter RH ETH+0.0096%1h2,729.3+0.072%$23.6M$95.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,728.3+0.035%—$30.5M500xas long as short
Aevo ETH-PERP+0.0096%1h2,725.9−0.051%$4.9M$193K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,728.4+0.040%$500K$3.6M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,731.5+0.153%$15.4M$7.4M50xas long as short
Nado ETH-PERPshort+0.0100%1h2,728+0.024%$14.1M$103.0M50x
Hyperliquid ETH+0.0100%1h2,731.1+0.139%$3.10B$2.03B25xas long as short
Pacifica ETH+0.0100%1h2,729.5+0.080%$32.1M$332.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,728.4+0.040%$2.7M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,728.9+0.056%$1.6M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,727.1−0.008%$161.7M$337.0M25xas long as short
Bitget ETHUSDT+0.0100%8h2,727.5+0.008%$2.10B$2.76B150xas long as short
BingX ETH-USDT+0.0100%8h2,727.5+0.008%—$1.07B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,727.6+0.012%$15.2M$40.7M50xas long as short
Variational Omni ETHlong+0.0100%8h2,727.3long leg$131.3M$315.9M—
edgeX ETHUSDC+0.0100%4h2,728.4+0.041%$185.6M$683.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,725.7−0.061%$158.4M$81.2M50xas long as short
StandX ETH-USD+0.0100%1h2,729.3+0.073%$21.0M$70.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,730.2+0.107%—$441K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,730+0.098%$11.2M$9.4M50xas long as short
Bullet ETH-USD+0.0100%1h2,728.5+0.043%$179K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,728.3+0.035%$20K$23K25xas long as short
Derive ETH-PERP+0.0100%1h2,731.7+0.160%$40.6M$29.2M15xas long as short
SoDEX ETH-USD+0.0100%1h2,727.4+0.003%$54.3M$182.6M40xas long as short
Aftermath Perps ETHUSD+0.0102%1h2,727.2−0.003%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,726.7−0.022%$30.4M$71.2M50xas long as short
Kraken Futures PF_ETHUSD+0.0105%1h2,727.9+0.022%$81.9M$310.5M100xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,728.4+0.040%$46.6M$4.24B50xas long as short
RISEx ETH/USDC+0.0137%1h2,729.2+0.070%$5.6M$11.6M25xas long as short
BloFin ETH-USDT+0.0144%8h2,726.8−0.020%$282.7M$177.5M150xas long as short
Reya ETHRUSDPERP+0.0175%1h2,727.9+0.020%$7.3M$972K25xas long as short
Orderly PERP_ETH_USDC+0.0187%8h2,730+0.100%$32.2M$11.3M100xas long as short
Injective ETH/USDC PERP+0.0253%1h2,725.2−0.078%$117K$19.3M52xas long as short