Funding you earn now, next payment 00:00 UTC−0.0076%/8h= −8.3% APRnext payment −$0.38 per $10,000 · paid last 24h +0.017%
Price spread now: MEXC against OKX−0.084%7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$380.384% of the position
Funding, last 7 days+0.005%+$1 on $10k
+Price spread, last 7 days−0.031%−$3 · spread now −0.084%, 7d avg −0.046%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and MEXC is 0.037% cheaper against OKX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.046%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ETHFI-USDT-SWAP | 0.7169 | 0.0100 | pay 0.0050% / 4h | 1h 10m | $4.9M | $12.5M | 20x |
| Short | MEXC ETHFI_USDT | 0.7163 | 0.0024 | get 0.0012% / 4h | 1h 10m | $15.1M | $3.8M | 125x |
OKX ETHFI-USDT-SWAP
MEXC ETHFI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against OKX. 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
- −$15.96
- Price spread: −0.084% → −0.046%
- −$3.73
- Slippage, 4 orders
- −$24.39
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$58.08
- Costs to cover
- 0.384%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; MEXC: 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 OKX live order book, 3 min ago | 2.09 bp | 13.1 bp −$13 | 37.4 bp −$374 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 0.70 bp | 5.2 bp −$5 | 14.6 bp −$146 | 70.2 bp −$7,020 | 189.4 bp −$94.7K |
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 | −0.0447% | 1h | 0.7165 | −0.056% | $42K | $18K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0270% | 4h | 0.7145 | −0.335% | $83K | $165K | 20x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0252% | 1h | 0.7171 | +0.035% | $282K | $148K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0186% | 4h | 0.7162 | −0.098% | $16K | $1K | 10x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0023% | 8h | 0.7161 | −0.105% | $6K | — | 5x | as long as short |
| Extended ETHFI-USD | +0.0024% | 1h | 0.7160 | −0.119% | $93K | $493K | 10x | as long as short |
| MEXC ETHFI_USDTshort | +0.0024% | 4h | 0.7163 | −0.084% | $15.1M | $3.8M | 125x | |
| Binance ETHFIUSDT | +0.0025% | 4h | 0.7163 | −0.080% | $24.8M | $37.2M | 75x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.990% | $321 | $51K | 5.5x | as long as short |
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.7159 | −0.142% | $9K | — | 3x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Kraken Futures PF_ETHFIUSD
Orderly PERP_ETHFI_USDC
Paradex ETHFI-USD-PERP
Extended ETHFI-USD
Binance ETHFIUSDT
Injective ETHFI/USDC PERP
Aevo ETHFI-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ETHFIUSDT | +0.0094% | 4h | 0.7165 | −0.056% | $6.1M | $5.7M | 75x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7170 | +0.017% | $1.1M | $898K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7178 | +0.120% | $18.2M | $8.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7163 | −0.079% | $183K | $259K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7167 | −0.028% | $18.2M | $13.0M | 25x | as long as short |
| OKX ETHFI-USDT-SWAPlong | +0.0100% | 4h | 0.7169 | long leg | $4.9M | $12.5M | 20x | |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7166 | −0.042% | $1.7M | $2.1M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7163 | −0.084% | $1.2M | $272K | 50x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7167 | −0.028% | — | $26.1M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7166 | −0.048% | $1.0M | $755K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7163 | −0.078% | $59K | $93K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7162 | −0.098% | $1K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0104% | 4h | 0.7158 | −0.153% | $1.2M | $292K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0304% | 1h | 0.7177 | +0.112% | $31K | $6K | 50x | as long as short |
Bitget ETHFIUSDT
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDT
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX