Funding arb · Price arb /

ETH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Binance−0.021%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$120.121% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.020%+$2 · spread now −0.021%, 7d avg −0.002%

Together, before fees+0.019%+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ETHUSDT	2,774.4	0.0058	pay 0.0058% / 8h	7h 42m	$6.48B	$16.59B	150x
Short	MEXC ETH_USDT	2,773.8	0.0058	get 0.0058% / 8h	7h 42m	$1.63B	$2.62B	500x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Binance. 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 BinancebpFee MEXCbpOrdersPrice spread, now −0.021%Rate

Funding earned: $0
Price spread: −0.021% → −0.002%: −$1.85
Slippage, 4 orders: −$0.07
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 1 bp × 2 orders: −$2
Net: −$13.92
Costs to cover: 0.121%
Break-even: never at this rate

Slippage from Binance: live order book, 17 min ago; MEXC: live order book, 2 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 Binance live order book, 17 min ago	0.02 bp	5.0 bp −$5	5.0 bp −$50	6.3 bp −$631	8.5 bp −$4,241
Sell MEXC live order book, 2 min ago	0.02 bp	1.0 bp −$1	1.0 bp −$10	1.0 bp −$102	3.5 bp −$1,745

ETH on 55 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
Injective ETH/USDC PERP	−0.0752%	1h	2,770.4	−0.142%	$119K	$22.5M	52x	as long as short
Phemex ETHUSDT	−0.0162%	8h	2,773.7	−0.025%	$270.1M	$67.6M	150x	as long as short
RISEx ETH/USDC	−0.0128%	1h	2,774.1	−0.008%	$5.7M	$11.4M	25x	as long as short
Perpl ETH	−0.0112%	43m	2,773.8	−0.022%	$301K	$6.5M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,774.5	+0.005%	$5K	$1K	50x	as long as short
01 Exchange ETHUSD	−0.0040%	1h	2,774.5	+0.005%	$169K	$1.1M	50x	as long as short
Phoenix ETH	−0.0003%	1h	2,771.8	−0.092%	$878K	$3.7M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,774.4	+0.002%	$12.2M	$46.1M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,775	+0.023%	$22.4M	—	200x	as long as short
Bullet ETH-USD	+0.0021%	1h	2,774.1	−0.009%	$183K	$1.7M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0022%	8h	2,773.8	−0.019%	$1.71B	$11.39B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0025% / S +0.0009%	1h	2,774.8	+0.017%	$12.7M	—	200x	as long as short
Gate ETH_USDT	+0.0033%	8h	2,774.2	−0.005%	$3.36B	$8.95B	200x	as long as short
Aster ETHUSDT	+0.0042%	8h	2,774.2	−0.006%	$257.0M	$900.6M	200x	as long as short
Aftermath Perps ETHUSD	+0.0047%	1h	2,772.3	−0.074%	$31K	$23K	20x	as long as short
SoDEX ETH-USD	+0.0049%	1h	2,774.2	−0.005%	$55.3M	$208.4M	40x	as long as short
Aevo ETH-PERP	+0.0056%	1h	2,773	−0.050%	$5.0M	$165K	20x	as long as short
MEXC ETH_USDTshort	+0.0058%	8h	2,773.8	−0.021%	$1.63B	$2.62B	500x
Binance ETHUSDTlong	+0.0058%	8h	2,774.4	long leg	$6.48B	$16.59B	150x
Bitget ETHUSDT	+0.0069%	8h	2,774.2	−0.005%	$2.10B	$2.92B	150x	as long as short
HTX ETH-USDT	+0.0071%	8h	2,773.9	−0.015%	$1.08B	$1.28B	200x	as long as short
ApeX Omni ETHUSDT	+0.0079%	1h	2,772.6	−0.062%	$8.7M	$32.4M	100x	as long as short
Coinbase International ETH-PERP-INTX	+0.0080%	1h	2,775.2	+0.031%	$60.5M	$4.51B	50x	as long as short
KuCoin ETHUSDTM	+0.0081%	8h	2,773.9	−0.017%	$420.7M	$646.2M	100x	as long as short
Vest ETH-PERP	+0.0086%	1h	2,774.2	−0.006%	—	$881K	50x	as long as short
Lighter ETH	+0.0096%	1h	2,773.9	−0.017%	$115.3M	$456.6M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,774.7	+0.012%	$25.2M	$110.0M	50x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,773.5	−0.030%	$15.9M	$9.1M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,774.2	−0.005%	$487K	$2.8M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,774.2	−0.005%	$14.9M	$116.2M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,776.7	+0.085%	$3.18B	$2.31B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,774.3	−0.002%	$31.2M	$322.6M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,774.7	+0.012%	$2.51B	$4.44B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,773.6	−0.027%	$2.8M	$17.0M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,775	+0.024%	$2.8M	$17.1M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,769.9	−0.159%	$170.3M	$272.1M	25x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,773.8	−0.021%	—	$17.4M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,773.2	−0.043%	$15.2M	$42.3M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,770.3	−0.147%	$151.3M	$342.8M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,771.4	−0.108%	$181.9M	$787.0M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,772.4	−0.069%	$161.2M	$86.8M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,772.6	−0.063%	$21.4M	$59.4M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,774.4	+0.002%	$10.6M	$8.0M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,774.7	+0.014%	$21K	$22K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,776.5	+0.079%	$42.7M	$29.0M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,773.8	−0.021%	$972K	$13.5M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,773.7	−0.024%	$32.5M	$73.3M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,773.7	−0.025%	—	$38.3M	500x	as long as short
Kalshi KXETHPERP	+0.0105%	8h	2,773.6	−0.027%	$8.1M	$687.1M	4.9x	as long as short
Kraken Futures PF_ETHUSD	+0.0134%	1h	2,775.4	+0.037%	$93.4M	$323.3M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0148%	8h	2,777.1	+0.100%	$32.7M	$11.6M	100x	as long as short
Deribit ETH-PERPETUAL	+0.0150%	1h	2,776	+0.061%	$259.1M	$211.5M	50x	as long as short
Hibachi ETH/USDT-P	+0.0160%	1h	2,775.3	+0.035%	$253K	$1.5M	20x	as long as short
BloFin ETH-USDT	+0.0179%	8h	2,774.3	−0.001%	$287.9M	$188.1M	150x	as long as short
Reya ETHRUSDPERP	+0.0209%	1h	2,774.1	−0.010%	$7.4M	$1.2M	25x	as long as short