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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+0.0261%/8h= +28.6% APRpaid last 24h −0.006%
Price spread now: MEXC against RISEx+0.029%7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$6as in the Price arb table
costs, in and out, $10k−$90.093% of the position
Long on RISExShort on MEXC
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.039%−$4 on $10k
Price spread, last 7 days−0.046%−$5 · spread now +0.029%, 7d avg −0.009%
Together, before fees−0.084%−$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and MEXC is 0.038% dearer against RISEx than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.009%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.039% in total (about -4.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx ETH/USDC2,774.2−0.0206get 0.0026% / 1h1m 28s$5.6M$11.9M25x
ShortMEXC ETH_USDT2,7750.0055get 0.0055% / 8h1m 28s$1.62B$2.67B500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against RISEx. 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
$54.88
Price spread: +0.029% → −0.009%
$3.79
Slippage, 4 orders
−$1.33
Fee RISEx: 3 bp × 2 orders
−$6
Fee MEXC: 1 bp × 2 orders
−$2
Net
$49.34
Costs to cover
0.093%
Break-even
0.7 days
Slippage from RISEx: live order book, 3 min ago; MEXC: live order book, 3 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 RISEx live order book, 3 min ago0.02 bp4.2 bp −$45.1 bp −$51318.9 bp −$31.9Kdoesn't fit
Sell MEXC live order book, 3 min ago0.02 bp1.0 bp −$11.0 bp −$101.5 bp −$1534.2 bp −$2,115

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−0.0223%43m2,774.9+0.024%$286K$6.9M8.3xas long as short
RISEx ETH/USDClong−0.0206%1h2,774.2long leg$5.6M$11.9M25x
Injective ETH/USDC PERP−0.0088%1h2,762.1−0.436%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,775.5+0.047%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0008%1h2,774.7+0.018%$168K$1.2M50xas long as short
ApeX Omni ETHUSDT−0.0007%1h2,775.8+0.056%$8.7M$32.9M100xas long as short
dYdX ETH-USD0.0000%1h2,775.8+0.058%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,776+0.065%$877K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,775.6+0.049%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0021%8h2,774.9+0.026%$1.71B$11.90B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex ETHUSDT+0.0023%8h2,774.4+0.005%$270.3M$68.7M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,775.4+0.045%$12.8M—200xas long as short
SoDEX ETH-USD+0.0029%1h2,774.6+0.014%$55.3M$228.8M40xas long as short
Bullet ETH-USD+0.0033%1h2,775.1+0.033%$182K$1.7M20xas long as short
Aftermath Perps ETHUSD+0.0033%1h2,773.6−0.021%$29K$22K20xas long as short
Aster ETHUSDT+0.0035%8h2,774.1−0.002%$256.1M$1.00B200xas long as short
Deribit ETH-PERPETUAL+0.0053%1h2,776.3+0.077%$259.1M$222.1M50xas long as short
MEXC ETH_USDTshort+0.0055%8h2,775+0.029%$1.62B$2.67B500x
Aevo ETH-PERP+0.0056%1h2,772.2−0.073%$5.0M$636K20xas long as short
Binance ETHUSDT+0.0056%8h2,774−0.008%$6.47B$17.28B150xas long as short
Bitget ETHUSDT+0.0065%8h2,775.1+0.034%$2.11B$3.10B150xas long as short
Gate ETH_USDT+0.0066%8h2,774.1−0.005%$3.29B$9.71B200xas long as short
KuCoin ETHUSDTM+0.0080%8h2,774.5+0.009%$422.9M$738.7M100xas long as short
Bybit ETHUSDT+0.0087%8h2,775+0.030%$2.51B$4.62B150xas long as short
BingX ETH-USDC+0.0088%8h2,773.9−0.013%—$17.5M—as long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,776.8+0.093%$60.7M$4.60B50xas long as short
Nado ETH-PERP+0.0092%1h2,774.1−0.004%$14.4M$118.2M50xas long as short
HTX ETH-USDT+0.0094%8h2,774.9+0.024%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,774.5+0.011%$115.2M$502.1M50xas long as short
Lighter RH ETH+0.0096%1h2,776.3+0.075%$25.3M$122.2M50xas long as short
Vest ETH-PERP+0.0097%1h2,775.2+0.037%—$1.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,774.4+0.005%$15.9M$10.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,774.20.000%$483K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,777.6+0.122%$3.18B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,774.8+0.021%$31.3M$316.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,773.9−0.011%$2.8M$17.3M25xas long as short
Arcus ETH-USD+0.0100%1h2,775+0.029%$2.7M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.4−0.173%$169.4M$262.8M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,775.1+0.033%$15.1M$44.2M50xas long as short
Variational Omni ETH+0.0100%8h2,768.5−0.205%$148.3M$337.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,775+0.028%$182.2M$785.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,770.2−0.143%$161.1M$89.4M50xas long as short
StandX ETH-USD+0.0100%1h2,774.6+0.014%$21.5M$58.7M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,775.4+0.043%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,775.4+0.044%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,777.3+0.110%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,773.5−0.026%$972K$13.9M100xas long as short
Kalshi KXETHPERP+0.0100%8h2,775.6+0.050%$8.1M$688.9M4.9xas long as short
Extended ETH-USD+0.0104%1h2,773.5−0.026%$32.5M$78.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,775.3+0.041%—$43.8M500xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,776.3+0.074%$90.8M$338.3M100xas long as short
Orderly PERP_ETH_USDC+0.0144%8h2,777.7+0.126%$32.7M$12.2M100xas long as short
BloFin ETH-USDT+0.0174%8h2,774.5+0.012%$287.2M$193.8M150xas long as short
Hibachi ETH/USDT-P+0.0192%1h2,775.9+0.062%$253K$1.6M20xas long as short
Reya ETHRUSDPERP+0.0206%1h2,774.8+0.022%$7.4M$1.2M25xas long as short