Settings8H · net · $10k
Funding arb · Price arb /

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against MEXC+0.056%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$470.469% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.057%−$6 on $10k
Price spread, last 7 days+0.033%+$3 · spread now +0.056%, 7d avg +0.045%
Together, before fees−0.024%−$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ETHFI_USDT0.71590.0100pay 0.0050% / 4h2h 30m$15.5M$4.0M125x
ShortBybit ETHFIUSDT0.71630.0100get 0.0050% / 4h2h 30m$18.0M$12.7M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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
$0
Price spread: +0.056% → +0.045%
$1.08
Slippage, 4 orders
−$31.86
Fee MEXC: 2 bp × 2 orders
−$4
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$45.79
Costs to cover
0.469%
Break-even
never at this rate
Slippage from MEXC: live order book, 3 min ago; Bybit: 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 MEXC live order book, 3 min ago0.70 bp7.0 bp −$720.4 bp −$20471.8 bp −$7,179198.5 bp −$99.2K
Sell Bybit live order book, 3 min ago0.70 bp15.8 bp −$1656.9 bp −$569doesn't fitdoesn't fit

ETHFI on 23 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
HTX ETHFI-USDT−0.0255%4h0.7164+0.070%$88K$169K20xas long as short
Orderly PERP_ETHFI_USDC−0.0208%4h0.7160+0.014%$16K$1K10xas long as short
Deribit ETHFI_USDC-PERPETUAL−0.0169%1h0.7164+0.070%$41K$13K10xas long as short
Variational Omni ETHFI−0.0004%4h0.7164+0.075%$1.0M$702Kas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+1.131%$321$51K5.5xas long as short
Paradex ETHFI-USD-PERP+0.0047%8h0.7166+0.100%$6K5xas long as short
Lighter ETHFI+0.0096%1h0.7170+0.161%$1.1M$887K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7168+0.126%$18.1M$8.4M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7169+0.144%$183K$258K10xas long as short
Binance ETHFIUSDT+0.0100%4h0.7162+0.042%$24.9M$36.2M75xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHFIUSDTshort+0.0100%4h0.7163+0.056%$18.0M$12.7M25x
OKX ETHFI-USDT-SWAP+0.0100%4h0.7169+0.140%$5.0M$12.3M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7169+0.140%$1.7M$2.0M75xas long as short
MEXC ETHFI_USDTlong+0.0100%4h0.7159long leg$15.5M$4.0M125x
KuCoin ETHFIUSDTM+0.0100%4h0.7168+0.126%$1.2M$256K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7158−0.014%$6.1M$5.4M75xas long as short
BingX ETHFI-USDC+0.0100%4h0.7166+0.098%$1.2Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7178+0.263%$71K$118K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7167+0.112%$1K$1.1M20xas long as short
Extended ETHFI-USD+0.0104%1h0.7157−0.026%$98K$380K10xas long as short
Aevo ETHFI-PERP+0.0104%1h0.7157−0.031%$9K3xas long as short
Coinbase International ETHFI-PERP-INTX+0.0160%1h0.7185+0.363%$31K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0226%1h0.7173+0.195%$273K$180K20xas long as short