ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0025%/8h= −2.7% APRnext payment −$0.25 per $10,000 · paid last 24h +0.005%

Price spread now: KuCoin against MEXC−0.002%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$150.148% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 7 days+0.003%$0 · spread now −0.002%, 7d avg +0.004%

Together, before fees−0.005%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ETH_USDT	2,743.3	0.0088	pay 0.0088% / 8h	5h 34m	$1.56B	$2.54B	500x
Short	KuCoin ETHUSDTM	2,743.3	0.0063	get 0.0063% / 8h	5h 34m	$383.3M	$595.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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

Position, each leg$Hold fordaysFee MEXCbpFee KuCoinbpOrdersPrice spread, now −0.002%Rate

Funding earned: −$5.25
Price spread: −0.002% → +0.004%: −$0.62
Slippage, 4 orders: −$0.78
Fee MEXC: 1 bp × 2 orders: −$2
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$20.65
Costs to cover: 0.148%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; KuCoin: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 4 min ago	0.02 bp	1.0 bp −$1	1.1 bp −$11	1.6 bp −$159	4.0 bp −$1,975
Sell KuCoin live order book, 4 min ago	0.02 bp	6.0 bp −$6	8.6 bp −$86	11.4 bp −$1,140	doesn't fit

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff ETH-PERP	−0.0080%	1h	2,741.5	−0.066%	$5K	$1K	50x	as long as short
Injective ETH/USDC PERP	−0.0044%	1h	2,743.1	−0.008%	$118K	$22.5M	52x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,743	−0.011%	$12.1M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,742	−0.047%	$10.8M	$41.8M	50x	as long as short
Perpl ETH	0.0000%	43m	2,741.9	−0.053%	$304K	$5.6M	8.3x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,743.1	−0.008%	$22.2M	—	200x	as long as short
Phoenix ETH	+0.0017%	1h	2,741.5	−0.066%	$846K	$2.9M	25x	as long as short
01 Exchange ETHUSD	+0.0032%	1h	2,741.6	−0.063%	$182K	$916K	50x	as long as short
BingX ETH-USDC	+0.0050%	8h	2,742.9	−0.015%	—	$18.5M	—	as long as short
ApeX Omni ETHUSDT	+0.0055%	1h	2,738.9	−0.160%	$8.8M	$30.9M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ETHUSDTMshort	+0.0063%	8h	2,743.3	−0.002%	$383.3M	$595.0M	100x
OKX ETH-USDT-SWAP	+0.0064%	8h	2,741.4	−0.071%	$1.70B	$10.57B	100x	as long as short
RISEx ETH/USDC	+0.0077%	1h	2,741.8	−0.054%	$5.6M	$11.2M	25x	as long as short
Bullet ETH-USD	+0.0079%	1h	2,742.6	−0.028%	$181K	$1.7M	20x	as long as short
Aster ETHUSDT	+0.0079%	8h	2,742.6	−0.028%	$252.3M	$841.2M	200x	as long as short
MEXC ETH_USDTlong	+0.0088%	8h	2,743.3	long leg	$1.56B	$2.54B	500x
Aevo ETH-PERP	+0.0088%	1h	2,740.5	−0.101%	$4.9M	$155K	20x	as long as short
Binance ETHUSDT	+0.0089%	8h	2,742.6	−0.026%	$6.37B	$15.70B	150x	as long as short
HTX ETH-USDT	+0.0095%	8h	2,742.4	−0.035%	$1.06B	$1.18B	200x	as long as short
Lighter ETH	+0.0096%	1h	2,743.2	−0.004%	$112.7M	$433.1M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,744.9	+0.057%	$24.6M	$103.8M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,742.2	−0.040%	—	$30.7M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0096%	1h	2,744.5	+0.042%	$58.6M	$4.27B	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,744.9	+0.058%	$16.0M	$8.0M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,741.2	−0.077%	$467K	$3.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,741.9	−0.052%	$13.9M	$105.5M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,743.5	+0.007%	$3.12B	$2.06B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,741.7	−0.060%	$31.6M	$335.1M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,741.4	−0.069%	$2.45B	$4.17B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,740.4	−0.106%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,741.7	−0.059%	$2.7M	$16.1M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,741.5	−0.066%	$164.1M	$300.8M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,742.8	−0.020%	$3.39B	$8.72B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,741.1	−0.080%	$2.08B	$2.73B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,742.1	−0.045%	$15.0M	$40.9M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,740.7	−0.096%	$132.6M	$333.6M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,737.1	−0.227%	$181.9M	$690.6M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,740	−0.123%	$159.3M	$83.6M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,740.1	−0.117%	$21.2M	$68.2M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,743.8	+0.017%	$11.0M	$8.8M	50x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,744.8	+0.054%	$41.5M	$29.6M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,741.2	−0.076%	$962K	$11.5M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,743	−0.012%	$54.6M	$187.5M	40x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,742.8	−0.019%	$266.8M	$65.0M	150x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,742.6	−0.024%	—	$819K	50x	as long as short
Extended ETH-USD	+0.0104%	1h	2,742.6	−0.025%	$30.6M	$72.4M	50x	as long as short
Bluefin ETH-PERP	+0.0107%	1h	2,742.8	−0.019%	$21K	$20K	25x	as long as short
Aftermath Perps ETHUSD	+0.0134%	1h	2,741.4	−0.069%	$30K	$20K	20x	as long as short
Deribit ETH-PERPETUAL	+0.0155%	1h	2,744.5	+0.041%	$258.8M	$196.1M	50x	as long as short
Kalshi KXETHPERP	+0.0157%	8h	2,742.5	−0.030%	$7.6M	$669.4M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0189%	8h	2,745	+0.061%	$32.3M	$11.3M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0221%	1h	2,744.1	+0.030%	$87.1M	$310.2M	100x	as long as short
Reya ETHRUSDPERP	+0.0226%	1h	2,742.3	−0.037%	$7.3M	$1.1M	25x	as long as short
Hibachi ETH/USDT-P	+0.0248%	1h	2,741.4	−0.069%	$252K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0251%	8h	2,743	−0.010%	$285.0M	$182.0M	150x	as long as short