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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 01:00 UTC+0.0042%/8h= +4.6% APRpaid last 24h +0.007%
Price spread now: Arcus against MEXC+0.104%7-day average +0.029% · 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$0as in the Price arb table
costs, in and out, $10k−$80.077% of the position
Long on MEXCShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.018%+$2 on $10k
Price spread, last 7 days−0.074%−$7 · spread now +0.104%, 7d avg +0.029%
Together, before fees−0.055%−$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.075% dearer against MEXC than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.029%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ETH_USDT2,772.10.0058pay 0.0058% / 8h7h 41m$1.63B$2.63B500x
ShortArcus ETH-USD2,7750.0100get 0.0013% / 1h41m 55s$2.8M$17.1M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against MEXC. 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
$8.82
Price spread: +0.104% → +0.029%
$7.52
Slippage, 4 orders
−$1.22
Fee MEXC: 1 bp × 2 orders
−$2
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
$8.62
Costs to cover
0.077%
Break-even
0.2 days
Slippage from MEXC: live order book, 2 min ago; Arcus: live order book, 2 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 MEXC live order book, 2 min ago0.02 bp1.0 bp −$11.1 bp −$111.6 bp −$1614.0 bp −$1,979
Sell Arcus live order book, 2 min ago0.41 bp2.7 bp −$33.3 bp −$335.4 bp −$539doesn't fit

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
Injective ETH/USDC PERP−0.0752%1h2,770.4−0.063%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,774.1+0.072%$5.7M$11.4M25xas long as short
Perpl ETH−0.0112%43m2,773.8+0.058%$301K$6.5M8.3xas long as short
Phemex ETHUSDT−0.0098%8h2,774.1+0.070%$270.1M$67.6M150xas long as short
Hotstuff ETH-PERP−0.0080%1h2,774.5+0.085%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0040%1h2,774.5+0.085%$169K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,771.8−0.012%$878K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,774.4+0.082%$12.2M$46.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,775+0.103%$22.4M—200xas long as short
Bullet ETH-USD+0.0020%1h2,774.1+0.071%$183K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,772.3+0.005%$1.71B$11.39B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0025% / S +0.0009%1h2,774.7+0.093%$12.7M—200xas long as short
Gate ETH_USDT+0.0033%8h2,774.7+0.092%$3.36B$8.95B200xas long as short
Aster ETHUSDT+0.0042%8h2,774.2+0.075%$257.0M$900.7M200xas long as short
SoDEX ETH-USD+0.0044%1h2,774.3+0.078%$55.3M$208.4M40xas long as short
Aftermath Perps ETHUSD+0.0048%1h2,772.9+0.026%$31K$23K20xas long as short
Aevo ETH-PERP+0.0056%1h2,771.8−0.013%$5.0M$165K20xas long as short
MEXC ETH_USDTlong+0.0058%8h2,772.1long leg$1.63B$2.63B500x
Binance ETHUSDT+0.0058%8h2,773.3+0.043%$6.48B$16.59B150xas long as short
Bitget ETHUSDT+0.0069%8h2,772.5+0.012%$2.10B$2.92B150xas long as short
HTX ETH-USDT+0.0074%8h2,773.9+0.062%$1.08B$1.27B200xas long as short
ApeX Omni ETHUSDT+0.0079%1h2,772.6+0.017%$8.7M$32.4M100xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,775.5+0.122%$60.4M$4.50B50xas long as short
KuCoin ETHUSDTM+0.0081%8h2,772.4+0.010%$420.6M$643.6M100xas long as short
Vest ETH-PERP+0.0086%1h2,774.2+0.073%—$881K50xas long as short
Lighter ETH+0.0096%1h2,774.9+0.099%$115.4M$456.7M50xas long as short
Lighter RH ETH+0.0096%1h2,776.2+0.148%$25.3M$110.0M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,773.5+0.049%$15.9M$9.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,774.2+0.074%$487K$2.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,774.2+0.075%$14.9M$116.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,777.2+0.183%$3.18B$2.31B25xas long as short
Pacifica ETH+0.0100%1h2,774.3+0.078%$31.2M$322.6M50xas long as short
Bybit ETHUSDT+0.0100%8h2,773+0.032%$2.51B$4.44B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,773.6+0.053%$2.8M$17.0M25xas long as short
Arcus ETH-USDshort+0.0100%1h2,775+0.104%$2.8M$17.1M25x
Bulk ETH-USD+0.0100%1h2,769.9−0.079%$170.3M$272.1M25xas long as short
BingX ETH-USDC+0.0100%8h2,774+0.066%—$17.4M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,774.1+0.072%$15.2M$42.2M50xas long as short
Variational Omni ETH+0.0100%8h2,770.3−0.067%$151.3M$342.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,771.4−0.028%$181.9M$787.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,772.4+0.011%$161.2M$86.8M50xas long as short
StandX ETH-USD+0.0100%1h2,772.6+0.017%$21.4M$59.4M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,774.4+0.082%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,774.5+0.087%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,776.3+0.150%$42.7M$29.0M15xas long as short
SunX ETH-USDT+0.0100%8h2,773.8+0.061%$972K$13.4M100xas long as short
Extended ETH-USD+0.0104%1h2,771.6−0.019%$32.5M$73.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,775+0.102%—$38.3M500xas long as short
Kalshi KXETHPERP+0.0105%8h2,774.7+0.092%$8.1M$686.6M4.9xas long as short
Deribit ETH-PERPETUAL+0.0128%1h2,775.7+0.128%$259.1M$210.9M50xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,775.7+0.130%$93.4M$323.0M100xas long as short
Orderly PERP_ETH_USDC+0.0148%8h2,777.2+0.184%$32.7M$11.6M100xas long as short
Hibachi ETH/USDT-P+0.0160%1h2,775.3+0.115%$253K$1.5M20xas long as short
BloFin ETH-USDT+0.0179%8h2,774.3+0.079%$287.9M$188.1M150xas long as short
Reya ETHRUSDPERP+0.0209%1h2,774.1+0.070%$7.4M$1.2M25xas long as short