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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 23:00 UTC+0.0109%/8h= +11.9% APRpaid last 24h +0.003%
Price spread now: Kraken Futures against MEXC+0.015%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$130.130% of the position
Long on MEXCShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 7 days+0.123%+$12 on $10k
Price spread, last 3 days (all we have)−0.036%−$4 · spread now +0.015%, 7d avg +0.012%
Together, before fees+0.087%+$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.012%, 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_USDT2,774.10.0061pay 0.0061% / 8h1h 08m$1.61B$2.68B500x
ShortKraken Futures PF_ETHUSD2,774.50.0170get 0.0021% / 1h8m 49s$86.0M$332.5M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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
$22.82
Price spread: +0.015% → +0.012%
$0.27
Slippage, 4 orders
−$1.03
Fee MEXC: 1 bp × 2 orders
−$2
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$10.06
Costs to cover
0.130%
Break-even
3.9 days
Slippage from MEXC: live order book, 5 min ago; Kraken Futures: live order book, 5 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, 5 min ago0.02 bp1.0 bp −$11.2 bp −$121.6 bp −$1644.0 bp −$1,979
Sell Kraken Futures live order book, 5 min ago0.18 bp5.5 bp −$66.1 bp −$617.8 bp −$78311.3 bp −$5,664

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%43m2,773.5−0.022%$287K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,772.5−0.056%$5.7M$11.8M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,773.1−0.035%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,779.6+0.199%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,773−0.039%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0004%1h2,773.6−0.016%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,772.4−0.061%$12.7M$45.7M50xas long as short
Phoenix ETH0.0000%1h2,773.5−0.021%$885K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,774.1+0.001%$22.4M—200xas long as short
BingX ETH-USDC+0.0015%8h2,773.1−0.034%—$17.4M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0018%8h2,773.8−0.012%$1.70B$11.85B100xas long as short
Phemex ETHUSDT+0.0024%8h2,773.7−0.015%$270.1M$68.9M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,774−0.002%$12.9M—200xas long as short
Bullet ETH-USD+0.0027%1h2,773.1−0.034%$181K$1.7M20xas long as short
Aster ETHUSDT+0.0032%8h2,773.8−0.009%$255.9M$994.9M200xas long as short
Nado ETH-PERP+0.0058%1h2,773.2−0.032%$14.2M$118.1M50xas long as short
Binance ETHUSDT+0.0060%8h2,774−0.004%$6.43B$17.22B150xas long as short
MEXC ETH_USDTlong+0.0061%8h2,774.1long leg$1.61B$2.68B500x
ApeX Omni ETHUSDT+0.0062%1h2,772.2−0.068%$8.7M$32.6M100xas long as short
Aevo ETH-PERP+0.0064%1h2,771−0.110%$5.0M$636K20xas long as short
SoDEX ETH-USD+0.0065%1h2,773.3−0.028%$55.2M$228.9M40xas long as short
Bitget ETHUSDT+0.0067%8h2,773.8−0.009%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0073%8h2,774−0.004%$3.29B$9.67B200xas long as short
Deribit ETH-PERPETUAL+0.0082%1h2,775+0.033%$258.5M$222.2M50xas long as short
HTX ETH-USDT+0.0089%8h2,773−0.040%$1.08B$1.32B200xas long as short
Bybit ETHUSDT+0.0092%8h2,774.10.000%$2.52B$4.62B150xas long as short
Lighter ETH+0.0096%1h2,773.9−0.006%$115.0M$502.9M50xas long as short
Lighter RH ETH+0.0096%1h2,775.3+0.045%$25.4M$121.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,773.9−0.006%—$41.6M500xas long as short
KuCoin ETHUSDTM+0.0096%8h2,773.8−0.011%$422.0M$739.0M100xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,772.3−0.062%$15.9M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,773.3−0.028%$477K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,776.4+0.084%$3.19B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,772.9−0.042%$31.2M$303.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,771.6−0.089%$2.8M$17.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,774−0.003%$2.7M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.8−0.117%$166.1M$253.0M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,774.1+0.001%$15.1M$44.1M50xas long as short
Variational Omni ETH+0.0100%8h2,770.9−0.116%$144.7M$334.7M—as long as short
edgeX ETHUSDC+0.0100%4h2,771.1−0.107%$181.4M$779.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,772.5−0.057%$161.3M$91.1M50xas long as short
StandX ETH-USD+0.0100%1h2,772−0.075%$21.4M$58.2M40xas long as short
Vest ETH-PERP+0.0100%1h2,773.2−0.032%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,774.6+0.019%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,773.6−0.018%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,775.7+0.059%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,772.6−0.052%$972K$14.0M100xas long as short
Extended ETH-USD+0.0104%1h2,773.4−0.026%$32.6M$77.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,774.6+0.021%$59.8M$4.60B50xas long as short
Kalshi KXETHPERP+0.0124%8h2,773.4−0.024%$8.3M$681.1M4.9xas long as short
Orderly PERP_ETH_USDC+0.0137%8h2,776.2+0.076%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSDshort+0.0170%1h2,774.5+0.015%$86.0M$332.5M100x
BloFin ETH-USDT+0.0180%8h2,773.3−0.027%$284.7M$194.4M150xas long as short
Reya ETHRUSDPERP+0.0194%1h2,773.3−0.029%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0256%1h2,771.7−0.087%$270K$1.5M20xas long as short