Funding arb · Price arb /

ETHFI

all ETHFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0404%/8h= +44.2% APRpaid last 24h +0.073%

Price spread now: Coinbase International against MEXC−0.043%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Coinbase International is 0.043% cheaper against MEXC than usual: you would sell low and buy high (spread −0.043% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 9 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ETHFI_USDT	0.6916	−0.0028	get 0.0014% / 4h	2h 23m	$15.6M	$4.1M	125x
Short	Coinbase International ETHFI-PERP-INTX	0.6913	0.0376	get 0.0047% / 1h	23m 40s	$31K	$6K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.043%Rate

Funding earned: $84.84
Price spread: −0.043% → 0.000%: −$4.34
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $66.5
Costs to cover: 0.140%
Break-even: 1.5 days

Slippage unknown: MEXC: live order book, 5 min ago; Coinbase International: no order-book sample. Net counts fees only.

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, 5 min ago	0.73 bp	5.1 bp −$5	13.4 bp −$134	66.2 bp −$6,624	181.1 bp −$90.5K
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kraken Futures PF_ETHFIUSD	−0.0413%	1h	0.6935	+0.272%	$284K	$286K	20x	as long as short
HTX ETHFI-USDT	−0.0304%	4h	0.6901	−0.217%	$80K	$183K	20x	as long as short
Bybit ETHFIUSDT	−0.0281%	4h	0.6918	+0.029%	$17.2M	$12.9M	25x	as long as short
Orderly PERP_ETHFI_USDC	−0.0264%	4h	0.6917	+0.014%	$16K	$1K	10x	as long as short
Variational Omni ETHFI	−0.0158%	4h	0.6894	−0.313%	$900K	$762K	—	as long as short
Deribit ETHFI_USDC-PERPETUAL	−0.0039%	1h	0.6920	+0.058%	$39K	$10K	10x	as long as short
Extended ETHFI-USD	−0.0032%	1h	0.6912	−0.055%	$94K	$502K	10x	as long as short
Binance ETHFIUSDT	−0.0029%	4h	0.6916	0.000%	$24.0M	$35.7M	75x	as long as short
MEXC ETHFI_USDTlong	−0.0028%	4h	0.6916	long leg	$15.6M	$4.1M	125x
Paradex ETHFI-USD-PERP	−0.0006%	8h	0.6915	−0.018%	$6K	—	5x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ETHFI/USDC PERP	+0.0033%	1h	0.7240	+4.685%	$321	$51K	5.5x	as long as short
Aster ETHFIUSDT	+0.0035%	4h	0.6922	+0.083%	$177K	$260K	10x	as long as short
Aevo ETHFI-PERP	+0.0072%	1h	0.6915	−0.014%	$8K	—	3x	as long as short
Lighter ETHFI	+0.0096%	1h	0.6923	+0.101%	$1.1M	$831K	5x	as long as short
Hyperliquid ETHFI	+0.0100%	1h	0.6919	+0.040%	$16.8M	$8.4M	5x	as long as short
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.6916	0.000%	$5.0M	$12.4M	20x	as long as short
Gate ETHFI_USDT	+0.0100%	4h	0.6922	+0.087%	$1.7M	$2.0M	75x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	0.6914	−0.029%	$1.2M	$229K	50x	as long as short
Bitget ETHFIUSDT	+0.0100%	4h	0.6913	−0.043%	$6.0M	$5.3M	75x	as long as short
BingX ETHFI-USDC	+0.0100%	4h	0.6920	+0.058%	—	$1.2M	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	0.6915	−0.019%	$62K	$127K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.6920	+0.058%	$2K	$1.1M	20x	as long as short
BloFin ETHFI-USDT	+0.0207%	4h	0.6902	−0.202%	$1.2M	$237K	75x	as long as short
Coinbase International ETHFI-PERP-INTXshort	+0.0376%	1h	0.6913	−0.043%	$31K	$6K	50x