ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0259%/8h= −28.4% APRnext payment −$2.59 per $10,000 · paid last 24h −0.036%

Price spread now: MEXC against BloFin−0.018%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$140.142% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.238%−$24 on $10k

Price spread, last 4 days (all we have)+0.088%+$9 · spread now −0.018%, 7d avg +0.001%

Together, before fees−0.151%−$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ETH-USDT	2,727.7	0.0345	pay 0.0345% / 8h	3h 10m	$282.2M	$174.7M	150x
Short	MEXC ETH_USDT	2,727.2	0.0086	get 0.0086% / 8h	3h 10m	$1.56B	$2.58B	500x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BloFin. 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 BloFinbpFee MEXCbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$54.37
Price spread: −0.018% → +0.001%: −$1.9
Slippage, 4 orders: −$0.22
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 1 bp × 2 orders: −$2
Net: −$70.5
Costs to cover: 0.142%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; MEXC: live order book, 3 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 BloFin live order book, 3 min ago	0.04 bp	6.2 bp −$6	6.2 bp −$62	6.6 bp −$658	8.1 bp −$4,061
Sell MEXC live order book, 3 min ago	0.02 bp	1.0 bp −$1	1.0 bp −$10	1.4 bp −$135	3.5 bp −$1,770

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
Perpl ETH	−0.0335%	43m	2,727.7	0.000%	$298K	$5.6M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,729.1	+0.052%	$5K	$1K	50x	as long as short
HTX ETH-USDT	−0.0017%	8h	2,728.1	+0.016%	$1.05B	$1.20B	200x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,728.1	+0.016%	$11.9M	—	200x	as long as short
Phoenix ETH	−0.0006%	1h	2,729	+0.048%	$816K	$2.9M	25x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,728.9	+0.044%	$6.2M	$686.2M	4.9x	as long as short
dYdX ETH-USD	+0.0006%	1h	2,728.1	+0.016%	$10.7M	$42.1M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,728.1	+0.014%	$28.0M	—	200x	as long as short
BingX ETH-USDT	+0.0028%	8h	2,727	−0.025%	—	$1.14B	—	as long as short
Bullet ETH-USD	+0.0034%	1h	2,727.7	0.000%	$177K	$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
Bybit ETHUSDT	+0.0036%	8h	2,726.8	−0.034%	$2.36B	$4.38B	150x	as long as short
01 Exchange ETHUSD	+0.0048%	1h	2,729	+0.048%	$187K	$814K	50x	as long as short
SunX ETH-USDT	+0.0060%	8h	2,727	−0.025%	$957K	$11.2M	100x	as long as short
KuCoin ETHUSDTM	+0.0067%	8h	2,727.5	−0.005%	$377.7M	$575.1M	100x	as long as short
Deribit ETH-PERPETUAL	+0.0069%	1h	2,729.5	+0.068%	$258.6M	$202.5M	50x	as long as short
OKX ETH-USDT-SWAP	+0.0079%	8h	2,726.9	−0.028%	$1.67B	$10.73B	100x	as long as short
Aster ETHUSDT	+0.0079%	8h	2,727.2	−0.019%	$250.6M	$842.3M	200x	as long as short
Aevo ETH-PERP	+0.0080%	1h	2,726.8	−0.032%	$4.9M	$155K	20x	as long as short
Phemex ETHUSDT	+0.0085%	8h	2,727.7	+0.001%	$264.4M	$64.7M	150x	as long as short
MEXC ETH_USDTshort	+0.0086%	8h	2,727.2	−0.018%	$1.56B	$2.58B	500x
Binance ETHUSDT	+0.0086%	8h	2,727	−0.025%	$6.32B	$15.94B	150x	as long as short
ApeX Omni ETHUSDT	+0.0087%	1h	2,728	+0.013%	$8.7M	$31.2M	100x	as long as short
SoDEX ETH-USD	+0.0089%	1h	2,728.2	+0.019%	$54.3M	$187.8M	40x	as long as short
Lighter ETH	+0.0096%	1h	2,728.4	+0.026%	$112.3M	$435.3M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,729.7	+0.072%	$23.4M	$104.7M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,728.7	+0.038%	—	$31.0M	500x	as long as short
Injective ETH/USDC PERP	+0.0096%	1h	2,730.8	+0.114%	$117K	$22.5M	52x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,727.7	0.000%	$497K	$3.4M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,730.2	+0.091%	$15.5M	$8.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,727.9	+0.006%	$13.9M	$104.7M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,729.4	+0.063%	$3.09B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,729.5	+0.065%	$31.9M	$334.6M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,728.1	+0.015%	$2.7M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,729.1	+0.053%	$1.5M	$16.0M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,728.2	+0.019%	$167.8M	$301.9M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,727.1	−0.023%	$3.33B	$8.95B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,726.7	−0.036%	$2.07B	$2.73B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,727.5	−0.007%	$14.9M	$41.6M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,727	−0.025%	$134.7M	$322.9M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,728.1	+0.015%	$183.5M	$671.0M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,728.8	+0.039%	$158.8M	$86.9M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,728.9	+0.044%	$21.0M	$71.3M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,729.1	+0.052%	$11.2M	$9.4M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,728.6	+0.032%	$21K	$20K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,729.7	+0.074%	$40.9M	$29.9M	15x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,729	+0.047%	—	$845K	50x	as long as short
Aftermath Perps ETHUSD	+0.0103%	1h	2,729.7	+0.075%	$30K	$20K	20x	as long as short
Extended ETH-USD	+0.0104%	1h	2,726.5	−0.045%	$30.5M	$73.5M	50x	as long as short
RISEx ETH/USDC	+0.0107%	1h	2,728.9	+0.044%	$5.6M	$11.7M	25x	as long as short
Coinbase International ETH-PERP-INTX	+0.0120%	1h	2,729.2	+0.056%	$50.6M	$4.28B	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0153%	1h	2,728.7	+0.036%	$83.5M	$315.9M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0191%	8h	2,730.2	+0.090%	$32.1M	$11.6M	100x	as long as short
Reya ETHRUSDPERP	+0.0208%	1h	2,727	−0.024%	$7.3M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0232%	1h	2,728.7	+0.036%	$247K	$1.4M	20x	as long as short
BloFin ETH-USDTlong	+0.0345%	8h	2,727.7	long leg	$282.2M	$174.7M	150x