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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 08:00 UTC+0.0042%/8h= +4.6% APRnext payment +$0.42 per $10,000 · paid last 24h +0.007%
Price spread now: Katana Perps against MEXC+0.097%7-day average −0.034% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on MEXCShort on Katana Perps
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.026%+$3 on $10k
Price spread, last 7 days−0.103%−$10 · spread now +0.097%, 7d avg −0.034%
Together, before fees−0.077%−$8 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 Katana Perps is 0.132% dearer against MEXC than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.034%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ETH_USDT2,770.20.0058pay 0.0058% / 8h7h 39m$1.63B$2.63B500x
ShortKatana Perps ETH-USD2,772.90.0100get 0.0100% / 8h7h 39m$486K$2.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Katana Perps 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
$8.78
Price spread: +0.097% → −0.034%
$13.16
Slippage, 4 orders
no order book: not counted
Fee MEXC: 1 bp × 2 orders
−$2
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Net
$16.13
Costs to cover
0.058%
Break-even
from the start
Slippage unknown: MEXC: live order book, 5 min ago; Katana Perps: no order-book sample. Net counts fees only.

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, 5 min ago0.02 bp1.0 bp −$11.1 bp −$111.6 bp −$1614.0 bp −$1,979
Sell Katana Perps no order-book sample—————
Katana Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%1h2,762.9−0.264%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,772.7+0.090%$5.6M$11.3M25xas long as short
Perpl ETH−0.0112%43m2,772.9+0.095%$321K$6.4M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,774.7+0.162%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0040%1h2,772.7+0.090%$168K$1.1M50xas long as short
Phemex ETHUSDT−0.0021%8h2,770.1−0.004%$269.7M$67.4M150xas long as short
Phoenix ETH−0.0003%1h2,774.6+0.158%$879K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,774.6+0.157%$12.2M$46.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,772+0.065%$22.4M—200xas long as short
Bullet ETH-USD+0.0022%1h2,771.6+0.050%$184K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0023%8h2,770−0.007%$1.71B$11.29B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0025% / S +0.0009%1h2,772.2+0.072%$12.7M—200xas long as short
SoDEX ETH-USD+0.0037%1h2,770.4+0.007%$55.2M$196.7M40xas long as short
Aster ETHUSDT+0.0042%8h2,771.3+0.041%$256.7M$890.8M200xas long as short
Aftermath Perps ETHUSD+0.0056%1h2,773.2+0.107%$31K$23K20xas long as short
Aevo ETH-PERP+0.0056%1h2,768.5−0.062%$5.0M$165K20xas long as short
Binance ETHUSDT+0.0057%8h2,769.9−0.012%$6.47B$16.52B150xas long as short
MEXC ETH_USDTlong+0.0058%8h2,770.2long leg$1.63B$2.63B500x
Gate ETH_USDT+0.0062%8h2,770.6+0.014%$3.35B$8.96B200xas long as short
HTX ETH-USDT+0.0065%8h2,771+0.029%$1.08B$1.27B200xas long as short
Bitget ETHUSDT+0.0069%8h2,770.9+0.026%$2.10B$2.90B150xas long as short
Deribit ETH-PERPETUAL+0.0071%1h2,771.7+0.055%$259.1M$210.1M50xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,771.4+0.043%$60.3M$4.47B50xas long as short
KuCoin ETHUSDTM+0.0082%8h2,771+0.029%$420.3M$641.9M100xas long as short
Vest ETH-PERP+0.0085%1h2,773.2+0.107%—$880K50xas long as short
ApeX Omni ETHUSDT+0.0086%1h2,771.1+0.032%$8.7M$32.3M100xas long as short
Lighter ETH+0.0096%1h2,770.9+0.026%$115.2M$457.0M50xas long as short
Lighter RH ETH+0.0096%1h2,772.2+0.072%$25.8M$110.8M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,773.1+0.104%$15.9M$9.0M50xas long as short
Katana Perps ETH-USDshort+0.0100%8h2,772.9+0.097%$486K$2.8M50x
Nado ETH-PERP+0.0100%1h2,772.6+0.087%$14.9M$115.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,772.8+0.093%$3.17B$2.24B25xas long as short
Pacifica ETH+0.0100%1h2,774.5+0.156%$31.4M$323.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,770.2−0.001%$2.50B$4.41B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,773.1+0.104%$2.8M$17.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,773.4+0.116%$2.8M$17.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.9−0.010%$170.3M$272.1M25xas long as short
BingX ETH-USDC+0.0100%8h2,770−0.008%—$17.4M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,770.7+0.018%$15.2M$42.1M50xas long as short
Variational Omni ETH+0.0100%8h2,771.8+0.058%$148.1M$340.7M—as long as short
edgeX ETHUSDC+0.0100%4h2,771.5+0.047%$182.0M$786.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,774.3+0.148%$161.3M$85.7M50xas long as short
StandX ETH-USD+0.0100%1h2,772+0.065%$21.4M$60.5M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,772.6+0.086%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,772+0.065%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,772.7+0.090%$42.6M$29.0M15xas long as short
SunX ETH-USDT+0.0100%8h2,770.1−0.006%$971K$13.4M100xas long as short
Extended ETH-USD+0.0104%1h2,770.3+0.004%$32.5M$72.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,773.4+0.114%—$38.2M500xas long as short
Kalshi KXETHPERP+0.0107%8h2,774.2+0.144%$8.0M$684.9M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,771.5+0.046%$93.3M$322.2M100xas long as short
Orderly PERP_ETH_USDC+0.0148%8h2,773.7+0.126%$32.6M$11.4M100xas long as short
Hibachi ETH/USDT-P+0.0152%1h2,774.8+0.165%$253K$1.5M20xas long as short
BloFin ETH-USDT+0.0177%8h2,770.3+0.002%$287.9M$187.2M150xas long as short
Reya ETHRUSDPERP+0.0209%1h2,772.3+0.077%$7.3M$1.2M25xas long as short