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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 05:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.06 per $10,000 · paid last 24h +0.015%
Price spread now: Nado against 01 Exchange+0.001%7-day average +0.021% · 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−$22as in the Price arb table
costs, in and out, $10k−$190.195% of the position
Long on 01 ExchangeShort on Nado
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.060%+$6 on $10k
Price spread, last 7 days+0.015%+$1 · spread now +0.001%, 7d avg +0.021%
Together, before fees+0.075%+ Points / potential airdropNado: Active · farm board+$7 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.020% cheaper against 01 Exchange than usual: you would sell low and buy high (spread +0.001% now, against its 7-day average of +0.021%). If the spread goes back, that is −$2 on $10k: about 31 hours of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange ETHUSD2,735.10.0048pay 0.0006% / 1h28m 51s$187K$815K50x
ShortNado ETH-PERP2,735.10.0100get 0.0012% / 1h28m 51s$13.8M$104.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against 01 Exchange. 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
$10.92
Price spread: +0.001% → +0.021%
−$2.04
Slippage, 4 orders
−$5.49
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$10.61
Costs to cover
0.195%
Break-even
13.8 days
Slippage from 01 Exchange: live order book, 25 min ago; Nado: live order book, 5 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 01 Exchange live order book, 25 min ago0.18 bp5.7 bp −$610.4 bp −$104doesn't fitdoesn't fit
Sell Nado live order book, 5 min ago0.18 bp4.0 bp −$44.3 bp −$436.2 bp −$61514.1 bp −$7,075

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%43m2,735.3+0.005%$297K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,738.6+0.128%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,734.5−0.022%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,739+0.143%$821K$2.9M25xas long as short
HTX ETH-USDT−0.0005%8h2,733−0.078%$1.06B$1.20B200xas long as short
dYdX ETH-USD+0.0004%1h2,735.6+0.019%$10.8M$42.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,734.5−0.020%$28.1M—200xas long as short
Bullet ETH-USD+0.0026%1h2,734−0.040%$179K$1.7M20xas long as short
BingX ETH-USDC+0.0033%8h2,733.3−0.065%—$18.5M—as long as short
Bybit ETHUSDT+0.0041%8h2,734−0.039%$2.37B$4.37B150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSDlong+0.0048%1h2,735.1long leg$187K$815K50x
KuCoin ETHUSDTM+0.0068%8h2,734.2−0.033%$381.0M$573.9M100xas long as short
Deribit ETH-PERPETUAL+0.0068%1h2,735.4+0.011%$259.5M$200.2M50xas long as short
OKX ETH-USDT-SWAP+0.0076%8h2,734.3−0.031%$1.67B$10.74B100xas long as short
SunX ETH-USDT+0.0080%8h2,734.2−0.033%$959K$11.2M100xas long as short
Aster ETHUSDT+0.0084%8h2,734.4−0.026%$251.1M$842.1M200xas long as short
ApeX Omni ETHUSDT+0.0085%1h2,737.8+0.098%$8.7M$31.2M100xas long as short
Phemex ETHUSDT+0.0086%8h2,734.3−0.029%$265.1M$65.1M150xas long as short
MEXC ETH_USDT+0.0092%8h2,734.2−0.033%$1.55B$2.57B500xas long as short
Binance ETHUSDT+0.0092%8h2,734.2−0.033%$6.35B$15.90B150xas long as short
Lighter ETH+0.0096%1h2,734.8−0.012%$112.8M$432.4M50xas long as short
Lighter RH ETH+0.0096%1h2,735.9+0.028%$23.4M$104.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,736.1+0.035%—$30.9M500xas long as short
Aevo ETH-PERP+0.0096%1h2,731.7−0.125%$4.9M$155K20xas long as short
Injective ETH/USDC PERP+0.0096%1h2,735.8+0.026%$117K$22.5M52xas long as short
SoDEX ETH-USD+0.0097%1h2,734.2−0.033%$54.4M$187.7M40xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,739.4+0.158%$15.6M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,734.4−0.026%$505K$3.3M50xas long as short
Nado ETH-PERPshort+0.0100%1h2,735.1+0.001%$13.8M$104.6M50x
Hyperliquid ETH+0.0100%1h2,736.4+0.048%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,736+0.033%$31.9M$333.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,733.9−0.044%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,735.2+0.004%$1.5M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,736.4+0.049%$170.3M$327.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,734−0.039%$3.33B$8.89B200xas long as short
Bitget ETHUSDT+0.0100%8h2,734.1−0.037%$2.07B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,733.4−0.063%$15.2M$40.3M50xas long as short
Variational Omni ETH+0.0100%8h2,737.4+0.085%$133.6M$321.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,736.2+0.039%$184.1M$671.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,738.1+0.110%$159.3M$86.9M50xas long as short
StandX ETH-USD+0.0100%1h2,738+0.106%$21.1M$69.2M40xas long as short
Vest ETH-PERP+0.0100%1h2,735.8+0.027%—$844K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,735.8+0.026%$11.2M$9.3M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,734.6−0.017%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,735.7+0.020%$41.3M$29.9M15xas long as short
Extended ETH-USD+0.0104%1h2,733.1−0.074%$30.6M$73.1M50xas long as short
RISEx ETH/USDC+0.0107%1h2,735.1−0.001%$5.6M$11.7M25xas long as short
Aftermath Perps ETHUSD+0.0108%1h2,737+0.070%$30K$20K20xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,735−0.003%$50.9M$4.28B50xas long as short
Kalshi KXETHPERP+0.0137%8h2,735.7+0.022%$6.5M$684.2M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0153%1h2,734.9−0.007%$83.3M$315.0M100xas long as short
Orderly PERP_ETH_USDC+0.0196%8h2,736.2+0.040%$32.2M$11.7M100xas long as short
Reya ETHRUSDPERP+0.0211%1h2,733.5−0.060%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0256%1h2,738.3+0.117%$245K$1.4M20xas long as short
BloFin ETH-USDT+0.0370%8h2,734.2−0.032%$283.1M$175.1M150xas long as short