ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0043%/8h= −4.7% APRnext payment −$0.43 per $10,000 · paid last 24h −0.003%

Price spread now: BingX against MEXC−0.016%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$130.130% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%$0 on $10k

Price spread, last 7 days−0.006%−$1 · spread now −0.016%, 7d avg −0.040%

Together, before fees−0.001%$0 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.023% dearer against MEXC than usual: you sell high and buy low (spread −0.016% now, against its 7-day average of −0.040%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 44 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ETH_USDT	2,746.4	0.0096	pay 0.0096% / 8h	5h 17m	$1.56B	$2.55B	500x
Short	BingX ETH-USDC	2,745.9	0.0053	get 0.0053% / 8h	5h 17m	—	$18.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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

Position, each leg$Hold fordaysFee MEXCbpFee BingXbpOrdersPrice spread, now −0.016%Rate

Funding earned: −$9.03
Price spread: −0.016% → −0.040%: $2.35
Slippage, 4 orders: −$1
Fee MEXC: 1 bp × 2 orders: −$2
Fee BingX: 5 bp × 2 orders: −$10
Net: −$19.68
Costs to cover: 0.130%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; BingX: live order book, 1 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 MEXC live order book, 2 min ago	0.02 bp	1.0 bp −$1	1.0 bp −$10	1.0 bp −$102	2.2 bp −$1,089
Sell BingX live order book, 1 min ago	0.18 bp	5.2 bp −$5	5.2 bp −$52	6.4 bp −$635	9.8 bp −$4,919

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
Hotstuff ETH-PERP	−0.0080%	1h	2,747	+0.023%	$5K	$1K	50x	as long as short
Injective ETH/USDC PERP	−0.0044%	1h	2,746.8	+0.015%	$118K	$22.5M	52x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,746.9	+0.017%	$12.1M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,746	−0.015%	$10.8M	$41.7M	50x	as long as short
Perpl ETH	0.0000%	43m	2,746.3	−0.003%	$305K	$5.6M	8.3x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,746.9	+0.017%	$25.1M	—	200x	as long as short
Phoenix ETH	+0.0017%	1h	2,747	+0.023%	$848K	$2.9M	25x	as long as short
01 Exchange ETHUSD	+0.0024%	1h	2,746.9	+0.019%	$182K	$849K	50x	as long as short
ApeX Omni ETHUSDT	+0.0033%	1h	2,747.3	+0.033%	$8.9M	$30.7M	100x	as long as short
BingX ETH-USDCshort	+0.0053%	8h	2,745.9	−0.016%	—	$18.4M	—

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0066%	8h	2,746.3	−0.004%	$1.70B	$10.56B	100x	as long as short
KuCoin ETHUSDTM	+0.0070%	8h	2,746.3	−0.001%	$382.1M	$575.5M	100x	as long as short
Bullet ETH-USD	+0.0073%	1h	2,746.5	+0.004%	$184K	$1.7M	20x	as long as short
RISEx ETH/USDC	+0.0077%	1h	2,746.9	+0.017%	$5.6M	$11.4M	25x	as long as short
Aster ETHUSDT	+0.0088%	8h	2,746	−0.013%	$254.1M	$840.9M	200x	as long as short
SoDEX ETH-USD	+0.0095%	1h	2,746.1	−0.010%	$54.7M	$187.6M	40x	as long as short
Lighter ETH	+0.0096%	1h	2,746.3	−0.005%	$113.0M	$435.4M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,747.6	+0.043%	$24.6M	$104.1M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,746.8	+0.015%	—	$30.5M	500x	as long as short
MEXC ETH_USDTlong	+0.0096%	8h	2,746.4	long leg	$1.56B	$2.55B	500x
Aevo ETH-PERP	+0.0096%	1h	2,743.7	−0.098%	$4.9M	$154K	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0096%	1h	2,748.6	+0.079%	$57.9M	$4.26B	50x	as long as short
Binance ETHUSDT	+0.0096%	8h	2,745.9	−0.016%	$6.38B	$15.67B	150x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,751	+0.168%	$16.1M	$7.9M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,746.4	+0.001%	$468K	$3.1M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,746.1	−0.008%	$13.9M	$105.0M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,748.8	+0.088%	$3.12B	$2.06B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,747.2	+0.030%	$31.7M	$334.5M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,746.2	−0.005%	$2.46B	$4.17B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,745.1	−0.047%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,746.9	+0.017%	$2.7M	$16.1M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,742.3	−0.148%	$165.2M	$299.1M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,746.8	+0.013%	$3.39B	$8.76B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,746.3	−0.003%	$2.08B	$2.72B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,745.1	−0.048%	$15.0M	$39.8M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,745.8	−0.022%	$133.3M	$326.5M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,744.5	−0.067%	$182.4M	$673.5M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,746.6	+0.009%	$159.7M	$83.5M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,746.7	+0.012%	$21.2M	$67.8M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,747.1	+0.027%	—	$815K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,747.4	+0.037%	$11.0M	$8.8M	50x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,747.8	+0.053%	$41.6M	$29.6M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,746	−0.015%	$962K	$11.5M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,745.8	−0.022%	$1.06B	$1.17B	200x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,746.2	−0.008%	$266.9M	$64.8M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,745.4	−0.035%	$30.7M	$72.0M	50x	as long as short
Aftermath Perps ETHUSD	+0.0129%	1h	2,745.7	−0.025%	$30K	$20K	20x	as long as short
Kalshi KXETHPERP	+0.0160%	8h	2,747	+0.023%	$7.8M	$669.8M	4.9x	as long as short
Deribit ETH-PERPETUAL	+0.0187%	1h	2,747.7	+0.048%	$259.8M	$196.1M	50x	as long as short
Orderly PERP_ETH_USDC	+0.0194%	8h	2,748.3	+0.071%	$32.3M	$11.4M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0221%	1h	2,746.8	+0.014%	$86.6M	$310.3M	100x	as long as short
Reya ETHRUSDPERP	+0.0228%	1h	2,745.6	−0.027%	$7.3M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0256%	1h	2,746.6	+0.008%	$252K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0290%	8h	2,746.1	−0.011%	$286.1M	$181.2M	150x	as long as short
Bluefin ETH-PERP	+0.0529%	1h	2,746.3	−0.003%	$21K	$20K	25x	as long as short