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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 07:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h +0.008%
Price spread now: Extended against MEXC−0.004%7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs+$4as in the Funding arb table
Net, price: spread back to 7d avg − costs−$3as in the Price arb table
costs, in and out, $10k−$70.074% of the position
Long on MEXCShort on Extended
What this pair did over the last
the charts below follow
Funding, last 7 days+0.113%+$11 on $10k
Price spread, last 7 days−0.019%−$2 · spread now −0.004%, 7d avg −0.046%
Together, before fees+0.094%+ Points / potential airdropExtended: Active · farm board+$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Extended is 0.042% dearer against MEXC than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.046%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ETH_USDT2,727.60.0094pay 0.0094% / 8h1h 43m$1.52B$2.58B500x
ShortExtended ETH-USD2,727.50.0104get 0.0013% / 1h43m 01s$30.4M$74.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$2.1
Price spread: −0.004% → −0.046%
$4.2
Slippage, 4 orders
−$0.4
Fee MEXC: 1 bp × 2 orders
−$2
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$1.1
Costs to cover
0.074%
Break-even
10.7 days
Slippage from MEXC: live order book, 1 min ago; Extended: live order book, 6 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, 1 min ago0.02 bp1.0 bp −$11.0 bp −$101.2 bp −$1163.7 bp −$1,867
Sell Extended live order book, 6 min ago0.18 bp2.7 bp −$32.7 bp −$274.1 bp −$41313.0 bp −$6,503

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
ApeX Omni ETHUSDT−0.0115%1h2,726.2−0.051%$8.6M$31.5M100xas long as short
Perpl ETH−0.0112%43m2,727.5−0.004%$290K$5.8M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,728.3+0.025%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,727.8+0.006%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,729.4+0.064%$12.0M—200xas long as short
Phoenix ETH−0.0006%1h2,725.4−0.082%$816K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,727.8+0.006%$10.5M$42.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,728.7+0.039%$6.7M$690.9M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,728.4+0.027%$262.6M$215.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,729.5+0.069%$32.9M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETH-USDT+0.0007%8h2,727.60.000%$1.05B$1.23B200xas long as short
01 Exchange ETHUSD+0.0024%1h2,728.9+0.047%$191K$892K50xas long as short
BingX ETH-USDT+0.0031%8h2,727.4−0.009%—$1.12B—as long as short
Bybit ETHUSDT+0.0037%8h2,727.4−0.010%$2.34B$4.43B150xas long as short
Aftermath Perps ETHUSD+0.0072%1h2,728.7+0.037%$30K$20K20xas long as short
KuCoin ETHUSDTM+0.0077%8h2,727.7+0.001%$378.4M$577.5M100xas long as short
SoDEX ETH-USD+0.0080%1h2,727.7+0.003%$54.3M$187.4M40xas long as short
SunX ETH-USDT+0.0085%8h2,727.2−0.016%$956K$11.1M100xas long as short
Aster ETHUSDT+0.0086%8h2,727.5−0.005%$252.0M$850.6M200xas long as short
OKX ETH-USDT-SWAP+0.0091%8h2,727.4−0.010%$1.65B$10.96B100xas long as short
MEXC ETH_USDTlong+0.0094%8h2,727.6long leg$1.52B$2.58B500x
Binance ETHUSDT+0.0094%8h2,727.4−0.008%$6.33B$16.19B150xas long as short
Lighter ETH+0.0096%1h2,728.4+0.028%$112.0M$433.8M50xas long as short
Lighter RH ETH+0.0096%1h2,729.4+0.065%$23.4M$102.9M50xas long as short
Aevo ETH-PERP+0.0096%1h2,727.4−0.007%$4.9M$165K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,728.4+0.028%$509K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,731.2+0.130%$15.3M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,728.2+0.020%$14.1M$106.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,730.1+0.091%$3.10B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,728.8+0.042%$32.0M$333.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,728.2+0.021%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,729.2+0.059%$1.5M$16.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,725.9−0.063%$161.8M$340.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,727.7+0.004%$3.28B$8.95B200xas long as short
Bitget ETHUSDT+0.0100%8h2,727.4−0.008%$2.09B$2.80B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,727.8+0.005%$15.0M$41.6M50xas long as short
Variational Omni ETH+0.0100%8h2,723.1−0.167%$133.0M$326.2M—as long as short
edgeX ETHUSDC+0.0100%4h2,724.6−0.113%$184.7M$683.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,726.3−0.049%$158.4M$87.7M50xas long as short
StandX ETH-USD+0.0100%1h2,729.6+0.072%$21.0M$69.0M40xas long as short
Vest ETH-PERP+0.0100%1h2,729.4+0.065%—$767K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,729.4+0.065%$11.2M$9.5M50xas long as short
Bullet ETH-USD+0.0100%1h2,728.8+0.043%$179K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,729+0.051%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,730.3+0.097%$40.9M$30.2M15xas long as short
Phemex ETHUSDT+0.0100%8h2,728.5+0.030%$263.0M$65.0M150xas long as short
Extended ETH-USDshort+0.0104%1h2,727.5−0.004%$30.4M$74.1M50x
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,728.1+0.016%—$30.6M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,729.3+0.063%$50.3M$4.32B50xas long as short
RISEx ETH/USDC+0.0115%1h2,729.3+0.060%$5.6M$11.8M25xas long as short
Orderly PERP_ETH_USDC+0.0187%8h2,730.9+0.121%$32.2M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0193%1h2,727.5−0.004%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0211%1h2,728.6+0.034%$83.6M$311.5M100xas long as short
Hibachi ETH/USDT-P+0.0264%1h2,729.3+0.063%$245K$1.4M20xas long as short
BloFin ETH-USDT+0.0377%8h2,728+0.015%$282.2M$175.5M150xas long as short