Settings8H · net · $10k
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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 03:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h +0.008%
Price spread now: Deribit against MEXC+0.064%7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$120.115% of the position
Long on MEXCShort on Deribit
What this pair did over the last
the charts below follow
Funding, last 7 days+0.048%+$5 on $10k
Price spread, last 4 days (all we have)−0.134%−$13 · spread now +0.064%, 7d avg +0.047%
Together, before fees−0.085%−$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.047%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ETH_USDT2,746.50.0096pay 0.0096% / 8h5h 15m$1.56B$2.55B500x
ShortDeribit ETH-PERPETUAL2,748.30.0190get 0.0024% / 1h15m 15s$259.8M$195.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit 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
$19.74
Price spread: +0.064% → +0.047%
$1.74
Slippage, 4 orders
−$2.52
Fee MEXC: 1 bp × 2 orders
−$2
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$9.96
Costs to cover
0.115%
Break-even
3.5 days
Slippage from MEXC: live order book, 4 min ago; Deribit: live order book, 4 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, 4 min ago0.02 bp1.0 bp −$11.0 bp −$101.0 bp −$1022.2 bp −$1,089
Sell Deribit live order book, 4 min ago0.09 bp5.9 bp −$67.5 bp −$7512.4 bp −$1,24322.8 bp −$11.4K

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
Hotstuff ETH-PERP−0.0080%1h2,747.4+0.032%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,746.8+0.010%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,746.8+0.009%$12.1M—200xas long as short
dYdX ETH-USD0.0000%1h2,747.4+0.031%$10.8M$41.7M50xas long as short
Perpl ETH0.0000%43m2,746.6+0.002%$305K$5.6M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,746.8+0.011%$25.1M—200xas long as short
Phoenix ETH+0.0017%1h2,747+0.017%$848K$2.9M25xas long as short
01 Exchange ETHUSD+0.0024%1h2,746.4−0.005%$182K$849K50xas long as short
ApeX Omni ETHUSDT+0.0042%1h2,745.9−0.022%$8.8M$30.7M100xas long as short
BingX ETH-USDC+0.0053%8h2,745.4−0.040%—$18.4M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0067%8h2,746.1−0.015%$1.71B$10.56B100xas long as short
KuCoin ETHUSDTM+0.0070%8h2,746.7+0.005%$382.2M$575.4M100xas long as short
Bullet ETH-USD+0.0073%1h2,746.3−0.008%$183K$1.7M20xas long as short
RISEx ETH/USDC+0.0077%1h2,746.6+0.004%$5.6M$11.4M25xas long as short
Aster ETHUSDT+0.0089%8h2,746.7+0.005%$254.1M$841.0M200xas long as short
SoDEX ETH-USD+0.0094%1h2,746.6+0.003%$54.7M$187.6M40xas long as short
Lighter ETH+0.0096%1h2,747.1+0.019%$113.0M$435.4M50xas long as short
Lighter RH ETH+0.0096%1h2,748.4+0.068%$24.6M$104.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,747.4+0.032%—$30.5M500xas long as short
MEXC ETH_USDTlong+0.0096%8h2,746.5long leg$1.56B$2.55B500x
Aevo ETH-PERP+0.0096%1h2,746.5−0.002%$4.9M$154K20xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,748.9+0.088%$58.0M$4.26B50xas long as short
Binance ETHUSDT+0.0096%8h2,746.5−0.001%$6.38B$15.67B150xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,751.1+0.167%$16.1M$7.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,746.1−0.016%$469K$3.1M50xas long as short
Nado ETH-PERP+0.0100%1h2,745.9−0.022%$13.9M$104.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,749.1+0.094%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,746.7+0.006%$31.7M$334.5M50xas long as short
Bybit ETHUSDT+0.0100%8h2,746.5−0.002%$2.46B$4.17B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,746−0.019%$2.7M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,746.5−0.002%$2.7M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,742.3−0.154%$165.2M$299.1M25xas long as short
Gate ETH_USDT+0.0100%8h2,746.5−0.001%$3.39B$8.76B200xas long as short
Bitget ETHUSDT+0.0100%8h2,745.7−0.030%$2.09B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,746−0.018%$15.0M$39.5M50xas long as short
Variational Omni ETH+0.0100%8h2,746.6+0.003%$133.5M$325.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,745.6−0.035%$182.5M$673.8M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,746.7+0.005%$159.7M$83.5M50xas long as short
StandX ETH-USD+0.0100%1h2,746.9+0.013%$21.2M$67.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,747+0.017%—$815K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,747.2+0.024%$11.0M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,748.3+0.064%$41.6M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,745.9−0.024%$962K$11.5M100xas long as short
HTX ETH-USDT+0.0100%8h2,746.1−0.017%$1.06B$1.17B200xas long as short
Phemex ETHUSDT+0.0100%8h2,746.4−0.003%$267.0M$64.8M150xas long as short
Extended ETH-USD+0.0104%1h2,745.9−0.024%$30.7M$72.0M50xas long as short
Aftermath Perps ETHUSD+0.0130%1h2,746.2−0.013%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0160%8h2,747+0.017%$7.9M$670.2M4.9xas long as short
Deribit ETH-PERPETUALshort+0.0190%1h2,748.3+0.064%$259.8M$195.9M50x
Orderly PERP_ETH_USDC+0.0194%8h2,748.8+0.082%$32.3M$11.4M100xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,747.7+0.044%$86.7M$310.4M100xas long as short
Reya ETHRUSDPERP+0.0228%1h2,745.5−0.039%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0256%1h2,747.8+0.048%$253K$1.4M20xas long as short
BloFin ETH-USDT+0.0263%8h2,746.5−0.001%$286.1M$181.2M150xas long as short
Bluefin ETH-PERP+0.0479%1h2,746.7+0.007%$21K$20K25xas long as short