Funding you earn now, next payment 00:00 UTC+0.0069%/8h= +7.6% APRnext payment +$0.34 per $10,000 · paid last 24h +0.072%
Price spread now: BloFin against MEXC−0.070%7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs+$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$350.350% of the position
Funding, last 7 days+0.483%+$48 on $10k
+Price spread, last 3 days (all we have)−0.007%−$1 · spread now −0.070%, 7d avg +0.013%
=Funding pays, the price is against you. BloFin is 0.083% cheaper against MEXC than usual: you would sell low and buy high (spread −0.070% now, against its 7-day average of +0.013%). If the spread goes back, that is −$8 on $10k: about 4.0 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.483% in total) that is about 29 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC ETHFI_USDT | 0.7174 | 0.0024 | pay 0.0012% / 4h | 1h 09m | $15.1M | $3.8M | 125x |
| Short | BloFin ETHFI-USDT | 0.7169 | 0.0093 | get 0.0046% / 4h | 1h 09m | $1.2M | $292K | 75x |
MEXC ETHFI_USDT
BloFin ETHFI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against MEXC. 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
- $14.48
- Price spread: −0.070% → +0.013%
- −$8.26
- Slippage, 4 orders
- −$19.03
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$28.8
- Costs to cover
- 0.350%
- Break-even
- 20.9 days
Slippage from MEXC: live order book, 4 min ago; BloFin: live order book, 3 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 | 0.70 bp | 5.8 bp −$6 | 10.6 bp −$106 | 60.7 bp −$6,073 | 180.4 bp −$90.2K |
| Sell BloFin live order book, 3 min ago | 2.10 bp | 14.1 bp −$14 | 29.3 bp −$293 | 84.3 bp −$8,426 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0446% | 1h | 0.7177 | +0.042% | $42K | $18K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0276% | 4h | 0.7145 | −0.404% | $83K | $165K | 20x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0252% | 1h | 0.7185 | +0.149% | $282K | $148K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0187% | 4h | 0.7172 | −0.028% | $16K | $1K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0023% | 4h | 0.7174 | 0.000% | $24.9M | $37.2M | 75x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0024% | 8h | 0.7166 | −0.112% | $6K | — | 5x | as long as short |
| Extended ETHFI-USD | +0.0024% | 1h | 0.7171 | −0.044% | $93K | $493K | 10x | as long as short |
| MEXC ETHFI_USDTlong | +0.0024% | 4h | 0.7174 | long leg | $15.1M | $3.8M | 125x | |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.920% | $321 | $51K | 5.5x | as long as short |
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.7170 | −0.053% | $9K | — | 3x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Kraken Futures PF_ETHFIUSD
Orderly PERP_ETHFI_USDC
Binance ETHFIUSDT
Paradex ETHFI-USD-PERP
Extended ETHFI-USD
Injective ETHFI/USDC PERP
Aevo ETHFI-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin ETHFI-USDTshort | +0.0093% | 4h | 0.7169 | −0.070% | $1.2M | $292K | 75x | |
| Bitget ETHFIUSDT | +0.0094% | 4h | 0.7176 | +0.028% | $6.1M | $5.7M | 75x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7181 | +0.098% | $1.1M | $898K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7186 | +0.173% | $18.2M | $8.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7173 | −0.008% | $183K | $259K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7178 | +0.056% | $18.2M | $13.0M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7181 | +0.098% | $4.9M | $12.5M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7176 | +0.028% | $1.7M | $2.1M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7175 | +0.014% | $1.2M | $272K | 50x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7178 | +0.056% | — | $26.1M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7166 | −0.118% | $1.0M | $755K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7174 | +0.003% | $59K | $93K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7165 | −0.125% | $1K | $1.1M | 20x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0304% | 1h | 0.7177 | +0.042% | $31K | $6K | 50x | as long as short |
Bitget ETHFIUSDT
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDT
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Coinbase International ETHFI-PERP-INTX