Funding you earn now, next payment 08:00 UTC−0.0014%/8h= −1.5% APRnext payment −$0.07 per $10,000 · paid last 24h −0.004%
Price spread now: MEXC against KuCoin0.000%7-day average −0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$1261.258% of the position
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 7 days−0.024%−$2 · spread now 0.000%, 7d avg −0.030%
=The price spread pays, funding is against you. MEXC is 0.030% dearer against KuCoin than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.030%): +$3 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 7.2 days. At the pace of the last 7 days (−0.013% in total) that is about 17 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ETHFIUSDTM | 0.7053 | 0.0100 | pay 0.0050% / 4h | 3h 52m | $1.2M | $229K | 50x |
| Short | MEXC ETHFI_USDT | 0.7053 | 0.0086 | get 0.0043% / 4h | 3h 52m | $16.0M | $4.0M | 125x |
KuCoin ETHFIUSDTM
MEXC ETHFI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$2.94
- Price spread: 0.000% → −0.030%
- $3.04
- Slippage, 4 orders
- −$109.78
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$125.67
- Costs to cover
- 1.258%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 3 min ago; MEXC: live order book, 1 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 KuCoin live order book, 3 min ago | 6.37 bp | 58.7 bp −$59 | 235.7 bp −$2,357 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 0.71 bp | 6.8 bp −$7 | 30.9 bp −$309 | 69.7 bp −$6,972 | 188.0 bp −$94.0K |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.1027% | 4h | 0.7036 | −0.241% | $85K | $171K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0316% | 1h | 0.7057 | +0.057% | $40K | $11K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0304% | 1h | 0.7057 | +0.059% | $264K | $209K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0237% | 4h | 0.7055 | +0.028% | $16K | $1K | 10x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0003% | 8h | 0.7050 | −0.043% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +2.651% | $321 | $51K | 5.5x | as long as short |
| Variational Omni ETHFI | +0.0065% | 4h | 0.7037 | −0.230% | $980K | $703K | — | as long as short |
| MEXC ETHFI_USDTshort | +0.0086% | 4h | 0.7053 | 0.000% | $16.0M | $4.0M | 125x | |
| Binance ETHFIUSDT | +0.0087% | 4h | 0.7052 | −0.010% | $24.5M | $35.1M | 75x | as long as short |
| Extended ETHFI-USD | +0.0088% | 1h | 0.7053 | +0.005% | $95K | $379K | 10x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
Orderly PERP_ETHFI_USDC
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
Variational Omni ETHFI
Binance ETHFIUSDT
Extended ETHFI-USDShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFI | +0.0096% | 1h | 0.7062 | +0.129% | $1.1M | $841K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7058 | +0.072% | $17.6M | $7.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7062 | +0.123% | $180K | $224K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7055 | +0.028% | $17.6M | $12.5M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7059 | +0.085% | $5.1M | $12.3M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7058 | +0.071% | $1.7M | $1.9M | 75x | as long as short |
| KuCoin ETHFIUSDTMlong | +0.0100% | 4h | 0.7053 | long leg | $1.2M | $229K | 50x | |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7054 | +0.014% | $6.1M | $5.2M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7057 | +0.057% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7071 | +0.255% | $70K | $118K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7061 | +0.113% | $2K | $1.1M | 20x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7055 | +0.028% | $8K | — | 3x | as long as short |
| BloFin ETHFI-USDT | +0.0327% | 4h | 0.7048 | −0.071% | $1.2M | $244K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0544% | 1h | 0.7075 | +0.312% | $31K | $6K | 50x | as long as short |
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Aevo ETHFI-PERP
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX