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

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.34 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against MEXC+0.097%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$1081.077% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.018%+$2 on $10k
Price spread, last 7 days−0.081%−$8 · spread now +0.097%, 7d avg +0.029%
Together, before fees−0.063%−$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.068% dearer against MEXC than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.029%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ETHFI_USDT0.72270.0032pay 0.0016% / 4h46m 48s$15.3M$3.8M125x
ShortKuCoin ETHFIUSDTM0.72340.0100get 0.0050% / 4h46m 48s$1.2M$273K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$14.28
Price spread: +0.097% → +0.029%
$6.76
Slippage, 4 orders
−$91.73
Fee MEXC: 2 bp × 2 orders
−$4
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$86.69
Costs to cover
1.077%
Break-even
49.5 days
Slippage from MEXC: live order book, 2 min ago; KuCoin: live order book, 8 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, 2 min ago0.69 bp6.4 bp −$613.7 bp −$13764.3 bp −$6,425178.4 bp −$89.2K
Sell KuCoin live order book, 8 min ago6.22 bp48.0 bp −$48153.4 bp −$1,534doesn't fitdoesn't fit

ETHFI on 24 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−0.0353%4h0.7221−0.083%$84K$164K20xas long as short
Deribit ETHFI_USDC-PERPETUAL−0.0303%1h0.7226−0.014%$42K$18K10xas long as short
Orderly PERP_ETHFI_USDC−0.0190%4h0.7221−0.083%$17K$1K10xas long as short
Extended ETHFI-USD+0.0032%1h0.7224−0.047%$94K$493K10xas long as short
MEXC ETHFI_USDTlong+0.0032%4h0.7227long leg$15.3M$3.8M125x
Injective ETHFI/USDC PERP+0.0033%1h0.7240+0.180%$321$51K5.5xas long as short
Binance ETHFIUSDT+0.0034%4h0.7230+0.036%$25.1M$37.2M75xas long as short
Aster ETHFIUSDT+0.0041%4h0.7231+0.055%$185K$261K10xas long as short
Paradex ETHFI-USD-PERP+0.0050%8h0.7228+0.018%$6K5xas long as short
Aevo ETHFI-PERP+0.0088%1h0.7220−0.097%$9K3xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter ETHFI+0.0096%1h0.7239+0.167%$1.1M$896K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7240+0.180%$18.3M$8.9M5xas long as short
Bybit ETHFIUSDT+0.0100%4h0.7234+0.097%$18.4M$13.1M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7233+0.083%$5.0M$12.7M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7229+0.028%$1.7M$2.1M75xas long as short
KuCoin ETHFIUSDTMshort+0.0100%4h0.7234+0.097%$1.2M$273K50x
Bitget ETHFIUSDT+0.0100%4h0.7228+0.014%$6.2M$5.7M75xas long as short
BingX ETHFI-USDC+0.0100%4h0.7230+0.042%$1.2Mas long as short
Variational Omni ETHFI+0.0100%4h0.7232+0.064%$1.0M$729Kas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7228+0.018%$60K$94K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7226−0.014%$2K$1.1M20xas long as short
BloFin ETHFI-USDT+0.0130%4h0.7229+0.028%$1.3M$292K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0216%1h0.7237+0.138%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0547%1h0.7234+0.100%$279K$159K20xas long as short