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Funding arb · Price arb /

ETH

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Alert: spread
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Funding you earn now, next payment 03:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h 0.000%
Price spread now: MEXC against Aevo+0.014%7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$330.328% of the position
Long on AevoShort on MEXC
What this pair did over the last
the charts below follow
Funding, last 7 days+0.002%$0 on $10k
Price spread, last 3 days (all we have)+0.047%+$5 · spread now +0.014%, 7d avg +0.056%
Together, before fees+0.049%+$5 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.041% cheaper against Aevo than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.056%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ETH-PERP2,7430.0080pay 0.0010% / 1h57m 56s$4.9M$159K20x
ShortMEXC ETH_USDT2,743.40.0083get 0.0083% / 8h5h 57m$1.57B$2.50B500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Aevo. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0.63
Price spread: +0.014% → +0.056%
−$4.14
Slippage, 4 orders
−$14.83
Fee Aevo: 8 bp × 2 orders
−$16
Fee MEXC: 1 bp × 2 orders
−$2
Net
−$36.34
Costs to cover
0.328%
Break-even
410.8 days
Slippage from Aevo: live order book, 1 min ago; MEXC: live order book, 1 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 Aevo live order book, 1 min ago3.32 bp11.5 bp −$1227.5 bp −$275doesn't fitdoesn't fit
Sell MEXC live order book, 1 min ago0.02 bp1.0 bp −$11.0 bp −$101.0 bp −$1022.4 bp −$1,192

ETH on 54 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
Perpl ETH−0.0112%43m2,746.7+0.135%$306K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,747.8+0.174%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,747.5+0.163%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,745.4+0.087%$12.1M—200xas long as short
Phoenix ETH−0.0006%1h2,748.4+0.196%$847K$2.8M25xas long as short
dYdX ETH-USD0.0000%1h2,747.1+0.148%$10.8M$41.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,745.5+0.089%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0040%1h2,746.6+0.130%$183K$981K50xas long as short
BingX ETH-USDC+0.0042%8h2,742.7−0.011%—$18.4M—as long as short
OKX ETH-USDT-SWAP+0.0054%8h2,743−0.003%$1.70B$10.60B100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0066%8h2,743.2+0.007%$368.4M$598.7M100xas long as short
Aster ETHUSDT+0.0074%8h2,743.8+0.029%$252.3M$842.1M200xas long as short
RISEx ETH/USDC+0.0077%1h2,746.6+0.130%$5.7M$11.2M25xas long as short
Aevo ETH-PERPlong+0.0080%1h2,743long leg$4.9M$159K20x
Bullet ETH-USD+0.0081%1h2,744.9+0.069%$182K$1.7M20xas long as short
SoDEX ETH-USD+0.0083%1h2,745.2+0.079%$54.7M$187.5M40xas long as short
MEXC ETH_USDTshort+0.0083%8h2,743.4+0.014%$1.57B$2.50B500x
Binance ETHUSDT+0.0083%8h2,743.4+0.013%$6.38B$15.76B150xas long as short
HTX ETH-USDT+0.0086%8h2,745+0.072%$1.06B$1.18B200xas long as short
Deribit ETH-PERPETUAL+0.0089%1h2,746.5+0.126%$258.9M$195.7M50xas long as short
ApeX Omni ETHUSDT+0.0089%1h2,746.6+0.128%$8.7M$31.2M100xas long as short
Lighter ETH+0.0096%1h2,745.6+0.095%$112.9M$430.1M50xas long as short
Lighter RH ETH+0.0096%1h2,747+0.146%$24.7M$103.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,747.3+0.157%—$31.0M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,746.3+0.119%$58.6M$4.28B50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,750+0.254%$16.2M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,746.2+0.116%$483K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,746.9+0.139%$13.9M$106.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,745.8+0.101%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,746.7+0.134%$31.6M$334.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,743.3+0.010%$2.47B$4.19B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,745.6+0.094%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,746.6+0.130%$2.7M$16.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,743.6+0.021%$3.39B$8.63B200xas long as short
Bitget ETHUSDT+0.0100%8h2,743.1+0.004%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,743.8+0.028%$15.0M$41.2M50xas long as short
Variational Omni ETH+0.0100%8h2,746.6+0.130%$133.0M$342.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,746.8+0.139%$181.9M$701.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,748.5+0.198%$159.8M$81.7M50xas long as short
StandX ETH-USD+0.0100%1h2,747.9+0.178%$21.2M$69.0M40xas long as short
Vest ETH-PERP+0.0100%1h2,746.7+0.133%—$819K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,746.1+0.112%$10.7M$8.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,745.7+0.096%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,747.1+0.150%$41.6M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,744.7+0.059%$963K$11.9M100xas long as short
Phemex ETHUSDT+0.0100%8h2,745.3+0.082%$267.2M$65.1M150xas long as short
Bulk ETH-USD+0.0100%1h2,746.2+0.117%$164.3M$302.6M25xas long as short
Extended ETH-USD+0.0104%1h2,742.5−0.019%$30.6M$72.5M50xas long as short
Aftermath Perps ETHUSD+0.0110%1h2,747.3+0.156%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0149%8h2,746.6+0.130%$7.9M$670.8M4.9xas long as short
Orderly PERP_ETH_USDC+0.0183%8h2,747.9+0.177%$32.3M$11.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,746+0.108%$88.1M$309.5M100xas long as short
Reya ETHRUSDPERP+0.0223%1h2,744.8+0.065%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,748.3+0.194%$250K$1.4M20xas long as short