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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 07:00 UTC−0.0006%/8h= −0.7% APRpaid last 24h −0.007%
Price spread now: MEXC against Arcus−0.015%7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$6as in the Price arb table
costs, in and out, $10k−$80.077% of the position
Long on ArcusShort on MEXC
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.026%−$3 on $10k
Price spread, last 7 days+0.015%+$1 · spread now −0.015%, 7d avg −0.028%
Together, before fees−0.011%−$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus ETH-USD2,729.60.0100pay 0.0013% / 1h2m 24s$1.5M$16.1M25x
ShortMEXC ETH_USDT2,729.20.0094get 0.0094% / 8h1h 02m$1.53B$2.61B500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Arcus. 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
−$1.26
Price spread: −0.015% → −0.028%
$1.29
Slippage, 4 orders
−$1.19
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee MEXC: 1 bp × 2 orders
−$2
Net
−$7.67
Costs to cover
0.077%
Break-even
never at this rate
Slippage from Arcus: live order book, 2 min ago; MEXC: live order book, 2 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 Arcus live order book, 2 min ago0.04 bp2.5 bp −$23.4 bp −$345.9 bp −$591doesn't fit
Sell MEXC live order book, 2 min ago0.02 bp1.0 bp −$11.0 bp −$101.2 bp −$1223.8 bp −$1,893

ETH on 55 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
Hotstuff ETH-PERP−0.0080%1h2,729.1−0.018%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,734.2+0.169%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,729.5−0.003%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,734.4+0.177%$814K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,729.6+0.001%$10.5M$42.8M50xas long as short
Kalshi KXETHPERP0.0000%8h2,731.1+0.056%$6.7M$682.4M4.9xas long as short
Perpl ETH0.0000%43m2,728.4−0.045%$287K$5.8M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,731+0.053%$262.5M$213.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,729.5−0.001%$32.9M—200xas long as short
ApeX Omni ETHUSDT+0.0014%1h2,732.5+0.107%$8.6M$31.5M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0022%8h2,727.9−0.060%—$18.6M—as long as short
01 Exchange ETHUSD+0.0024%1h2,729.6+0.001%$191K$890K50xas long as short
Bybit ETHUSDT+0.0026%8h2,729.2−0.016%$2.33B$4.38B150xas long as short
HTX ETH-USDT+0.0030%8h2,730+0.014%$1.05B$1.22B200xas long as short
KuCoin ETHUSDTM+0.0069%8h2,729.5−0.003%$385.6M$577.7M100xas long as short
SoDEX ETH-USD+0.0071%1h2,730+0.015%$54.4M$187.2M40xas long as short
OKX ETH-USDT-SWAP+0.0080%8h2,729.1−0.017%$1.65B$10.86B100xas long as short
Aster ETHUSDT+0.0082%8h2,729−0.020%$252.8M$847.1M200xas long as short
Phemex ETHUSDT+0.0091%8h2,730.1+0.020%$262.9M$64.5M150xas long as short
Bullet ETH-USD+0.0091%1h2,729.1−0.018%$188K$1.7M20xas long as short
MEXC ETH_USDTshort+0.0094%8h2,729.2−0.015%$1.53B$2.61B500x
Binance ETHUSDT+0.0094%8h2,728.8−0.029%$6.33B$16.11B150xas long as short
Lighter ETH+0.0096%1h2,729−0.021%$112.6M$439.5M50xas long as short
Lighter RH ETH+0.0096%1h2,730.6+0.036%$23.4M$103.5M50xas long as short
Aevo ETH-PERP+0.0096%1h2,727.4−0.080%$4.9M$174K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,728.9−0.025%$501K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,732.9+0.122%$15.4M$7.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,728.3−0.046%$14.1M$104.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,731.5+0.070%$3.10B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,729.9+0.012%$32.0M$332.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,728.7−0.032%$2.7M$16.8M25xas long as short
Arcus ETH-USDlong+0.0100%1h2,729.6long leg$1.5M$16.1M25x
Bulk ETH-USD+0.0100%1h2,731.8+0.082%$164.2M$349.6M25xas long as short
Gate ETH_USDT+0.0100%8h2,729−0.021%$3.30B$9.05B200xas long as short
Bitget ETHUSDT+0.0100%8h2,729.2−0.016%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,729.2−0.015%$15.1M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,732.5+0.108%$134.3M$320.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,732.3+0.101%$185.8M$683.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,732.5+0.106%$158.8M$83.7M50xas long as short
StandX ETH-USD+0.0100%1h2,732+0.089%$21.0M$70.2M40xas long as short
Vest ETH-PERP+0.0100%1h2,730.9+0.048%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,730.4+0.030%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,730.6+0.036%$22K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,732.6+0.112%$40.9M$30.1M15xas long as short
SunX ETH-USDT+0.0100%8h2,729.9+0.013%$958K$10.9M100xas long as short
Aftermath Perps ETHUSD+0.0102%1h2,732.1+0.093%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,728−0.059%$30.4M$73.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,731.6+0.073%—$30.5M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,731.5+0.069%$46.5M$4.30B50xas long as short
RISEx ETH/USDC+0.0115%1h2,729.7+0.003%$5.6M$11.6M25xas long as short
Hibachi ETH/USDT-P+0.0120%1h2,731.7+0.079%$243K$1.4M20xas long as short
Orderly PERP_ETH_USDC+0.0185%8h2,732.2+0.097%$32.2M$11.3M100xas long as short
Reya ETHRUSDPERP+0.0186%1h2,728.3−0.047%$7.3M$975K25xas long as short
Kraken Futures PF_ETHUSD+0.0211%1h2,730.5+0.035%$82.1M$309.7M100xas long as short
BloFin ETH-USDT+0.0319%8h2,730.2+0.024%$281.2M$176.0M150xas long as short