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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 00:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.11 per $10,000 · paid last 24h −0.032%
Price spread now: Gate against MEXC−0.005%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$170.171% of the position
Long on MEXCShort on Gate
What this pair did over the last
the charts below follow
Funding, last 7 days−0.036%−$4 on $10k
Price spread, last 7 days+0.008%+$1 · spread now −0.005%, 7d avg −0.001%
Together, before fees−0.027%−$3 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: $0 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ETH_USDT2,778.10.0060pay 0.0060% / 8h1h 00m$1.60B$2.68B500x
ShortGate ETH_USDT2,777.90.0071get 0.0071% / 8h1h 00m$3.30B$9.69B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
$2.31
Price spread: −0.005% → −0.001%
−$0.41
Slippage, 4 orders
−$0.07
Fee MEXC: 1 bp × 2 orders
−$2
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$15.17
Costs to cover
0.171%
Break-even
53.0 days
Slippage from MEXC: live order book, 4 min ago; Gate: 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 −$101.5 bp −$1493.7 bp −$1,835
Sell Gate live order book, 4 min ago0.02 bp7.5 bp −$88.1 bp −$8111.4 bp −$1,14121.1 bp −$10.6K

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
Perpl ETH−0.0447%43m2,778.3+0.010%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,778.3+0.007%$5.7M$11.9M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,779.3+0.045%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,771.7−0.229%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,778.3+0.009%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0006%1h2,776.4−0.058%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,779.4+0.048%$12.7M$45.9M50xas long as short
Phoenix ETH0.0000%1h2,775.6−0.088%$885K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,779.2+0.042%$22.4M—200xas long as short
BingX ETH-USDC+0.0014%8h2,777.5−0.021%—$17.4M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0018%8h2,777.7−0.011%$1.70B$11.88B100xas long as short
Phemex ETHUSDT+0.0021%8h2,778−0.003%$270.6M$68.8M150xas long as short
Bullet ETH-USD+0.0022%1h2,778.3+0.007%$182K$1.7M20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,779.2+0.040%$13.0M—200xas long as short
Aster ETHUSDT+0.0033%8h2,778.3+0.010%$254.8M$995.6M200xas long as short
Deribit ETH-PERPETUAL+0.0045%1h2,779.7+0.058%$258.7M$222.8M50xas long as short
Nado ETH-PERP+0.0054%1h2,778.4+0.013%$14.3M$118.2M50xas long as short
ApeX Omni ETHUSDT+0.0058%1h2,777.6−0.018%$8.8M$32.7M100xas long as short
MEXC ETH_USDTlong+0.0060%8h2,778.1long leg$1.60B$2.68B500x
SoDEX ETH-USD+0.0060%1h2,777.8−0.009%$55.3M$229.0M40xas long as short
Binance ETHUSDT+0.0061%8h2,778.2+0.007%$6.44B$17.24B150xas long as short
Aevo ETH-PERP+0.0064%1h2,776.1−0.070%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0065%8h2,777.9−0.005%$2.10B$3.10B150xas long as short
Gate ETH_USDTshort+0.0071%8h2,777.9−0.005%$3.30B$9.69B200x
HTX ETH-USDT+0.0087%8h2,778.2+0.004%$1.08B$1.32B200xas long as short
Bybit ETHUSDT+0.0091%8h2,778.2+0.004%$2.52B$4.63B150xas long as short
KuCoin ETHUSDTM+0.0093%8h2,778.4+0.013%$422.7M$739.5M100xas long as short
Vest ETH-PERP+0.0096%1h2,778.5+0.017%—$1.1M50xas long as short
Lighter ETH+0.0096%1h2,778.3+0.009%$115.3M$503.7M50xas long as short
Lighter RH ETH+0.0096%1h2,779.7+0.060%$25.4M$122.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,777.5−0.020%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,778.4+0.013%$478K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,780.8+0.099%$3.20B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,778.1+0.002%$31.2M$303.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,777.2−0.031%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,779.7+0.059%$2.7M$17.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,777.9−0.004%$168.1M$250.4M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,778−0.003%$15.1M$44.1M50xas long as short
Variational Omni ETH+0.0100%8h2,775.9−0.077%$147.5M$336.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,777−0.036%$181.7M$781.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,775.7−0.085%$161.4M$90.8M50xas long as short
StandX ETH-USD+0.0100%1h2,776.3−0.063%$21.4M$58.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,779.8+0.063%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,778.8+0.026%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,780.7+0.095%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,777.8−0.010%$973K$13.9M100xas long as short
Extended ETH-USD+0.0104%1h2,777.5−0.019%$32.6M$77.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,779.3+0.044%—$41.8M500xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,779.2+0.042%$60.1M$4.61B50xas long as short
Kalshi KXETHPERP+0.0126%8h2,778.3+0.009%$8.4M$681.5M4.9xas long as short
Orderly PERP_ETH_USDC+0.0135%8h2,781.2+0.113%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0169%1h2,779.1+0.038%$86.6M$332.6M100xas long as short
BloFin ETH-USDT+0.0181%8h2,776.5−0.058%$284.8M$194.9M150xas long as short
Reya ETHRUSDPERP+0.0196%1h2,778.3+0.009%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0288%1h2,777.5−0.019%$270K$1.5M20xas long as short