EUR

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0007%/8h= −0.8% APRnext payment −$0.01 per $10,000 · paid last 24h −0.012%

Price spread now: Nado against Lighter−0.060%7-day average −0.084% · 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−$9as in the Price arb table

costs, in and out, $10k−$110.112% of the position

Long on Lighter Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.013%−$1 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now −0.060%, 7d avg −0.084%

Together, before fees−0.009%+ Points / potential airdropLighter: Season 3 · Nado: Active · farm board−$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.024% dearer against Lighter than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.084%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter EURUSD	1.1485	0	get 0.0000% / 1h	8m 08s	$2.1M	$435K	50x
Short	Nado EURUSD-PERP	1.1478	−0.0007	pay 0.0001% / 1h	8m 08s	$467K	$153K	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Lighter. 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 LighterbpFee NadobpOrdersPrice spread, now −0.060%Rate

Funding earned: −$1.54
Price spread: −0.060% → −0.084%: $2.41
Slippage, 4 orders: −$9.78
Fee Lighter: 0 bp × 2 orders: $0
Fee Nado: 0.7 bp × 2 orders: −$1.4
Net: −$10.31
Costs to cover: 0.112%
Break-even: never at this rate

Slippage from Lighter: live order book, 4 min ago; Nado: live order book, 50 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 Lighter live order book, 4 min ago	1.39 bp	3.2 bp −$3	11.4 bp −$114	66.5 bp −$6,649	doesn't fit
Sell Nado live order book, 50 min ago	1.18 bp	2.0 bp −$2	2.8 bp −$28	doesn't fit	doesn't fit

EUR on 18 venues

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
MEXC EUR_USDT	−0.0178%	4h	1.1478	−0.057%	$6.8M	$135K	100x	as long as short
Hibachi EUR/USDT-P	−0.0120%	1h	1.1472	−0.107%	$165K	$8.2M	30x	as long as short
Kraken Futures PF_EURUSD	−0.0062%	1h	1.1473	−0.103%	$3K	—	50x	as long as short
Nado EURUSD-PERPshort	−0.0007%	1h	1.1478	−0.060%	$467K	$153K	40x
Lighter EURUSDlong	0.0000%	1h	1.1485	long leg	$2.1M	$435K	50x
Bybit EURUSDUSDT	0.0000%	8h	1.1480	−0.037%	$585K	$223K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1478	−0.057%	$144K	$5K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1476	−0.075%	$253K	$20K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1475	−0.084%	$198K	$111K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1481	−0.031%	—	$2.4M	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX EURUSD-USDT	0.0000%	1h	1.1476	−0.075%	$12K	$263K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1475	−0.086%	$6.7M	$1.3M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0039%	1h	1.1466	−0.158%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1506	+0.188%	—	$264K	100x	as long as short
Hotstuff EURUSD-PERP	+0.0056%	1h	1.1482	−0.023%	$33K	—	50x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1478	−0.057%	$190K	$61K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1481	−0.028%	$12K	—	10x	as long as short
tradeXYZ xyz:EUR	+0.0126%	1h	1.1482	−0.023%	$23.3M	$1.8M	50x	as long as short