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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 08:00 UTC−0.0263%/8h= −28.8% APRnext payment −$2.63 per $10,000 · paid last 24h −0.036%
Price spread now: MEXC against BloFin+0.011%79s7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$140.141% of the position
Long on BloFinShort on MEXC
What this pair did over the last
the charts below follow
Funding, last 7 days−0.238%−$24 on $10k
Price spread, last 4 days (all we have)+0.059%+$6 · spread now +0.011%, 7d avg +0.001%
Together, before fees−0.180%−$18 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ETH-USDT2,7280.0350pay 0.0350% / 8h3h 21m$282.6M$174.7M150x
ShortMEXC ETH_USDT2,728.30.0087get 0.0087% / 8h3h 21m$1.55B$2.57B500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against BloFin. 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
−$55.32
Price spread: +0.011% → +0.001%
$1
Slippage, 4 orders
−$0.08
Fee BloFin: 6 bp × 2 orders
−$12
Fee MEXC: 1 bp × 2 orders
−$2
Net
−$68.41
Costs to cover
0.141%
Break-even
never at this rate
Slippage from BloFin: live order book, 12 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 BloFin live order book, 12 min ago0.02 bp6.0 bp −$66.0 bp −$606.3 bp −$6338.8 bp −$4,416
Sell MEXC live order book, 2 min ago0.02 bp1.0 bp −$11.0 bp −$101.5 bp −$1524.0 bp −$1,977

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
Perpl ETH−0.0335%43m2,727.3−0.025%$296K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,727−0.037%$5K$1K50xas long as short
HTX ETH-USDT−0.0017%8h2,726.3−0.062%$1.05B$1.20B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,727.6−0.013%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,730.2+0.081%$816K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,727.8−0.007%$28.0M—200xas long as short
dYdX ETH-USD+0.0008%1h2,728.3+0.011%$10.7M$42.1M50xas long as short
Bullet ETH-USD+0.0023%1h2,727−0.036%$177K$1.7M20xas long as short
BingX ETH-USDC+0.0033%8h2,729.4+0.050%—$18.4M—as long as short
Bybit ETHUSDT+0.0036%8h2,730.3+0.084%$2.37B$4.38B150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ETH-PERPETUAL+0.0043%1h2,728.2+0.007%$258.7M$201.5M50xas long as short
01 Exchange ETHUSD+0.0048%1h2,727.3−0.026%$186K$815K50xas long as short
SunX ETH-USDT+0.0065%8h2,726.6−0.051%$956K$11.2M100xas long as short
KuCoin ETHUSDTM+0.0066%8h2,730.6+0.096%$379.1M$574.0M100xas long as short
ApeX Omni ETHUSDT+0.0074%1h2,732.1+0.149%$8.6M$31.2M100xas long as short
OKX ETH-USDT-SWAP+0.0075%8h2,730.4+0.088%$1.67B$10.75B100xas long as short
Aster ETHUSDT+0.0079%8h2,730.4+0.086%$250.7M$841.1M200xas long as short
SoDEX ETH-USD+0.0082%1h2,727−0.037%$54.3M$187.7M40xas long as short
MEXC ETH_USDTshort+0.0087%8h2,728.3+0.011%$1.55B$2.57B500x
Binance ETHUSDT+0.0088%8h2,730.2+0.080%$6.34B$15.94B150xas long as short
Aevo ETH-PERP+0.0088%1h2,725.4−0.094%$4.9M$155K20xas long as short
Phemex ETHUSDT+0.0090%8h2,727.7−0.012%$264.4M$65.1M150xas long as short
Lighter ETH+0.0096%1h2,727.3−0.027%$112.2M$434.5M50xas long as short
Lighter RH ETH+0.0096%1h2,728.4+0.016%$23.4M$104.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,728.2+0.006%—$31.0M500xas long as short
Injective ETH/USDC PERP+0.0096%1h2,733.1+0.187%$117K$22.5M52xas long as short
Katana Perps ETH-USD+0.0100%8h2,726.2−0.066%$497K$3.3M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,728.5+0.018%$15.6M$7.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,726.6−0.051%$13.7M$104.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,728.7+0.026%$3.09B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,727.4−0.022%$31.8M$333.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,726.1−0.070%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,727.3−0.027%$1.5M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,728.2+0.008%$169.5M$307.4M25xas long as short
Gate ETH_USDT+0.0100%8h2,730.1+0.076%$3.33B$8.92B200xas long as short
Bitget ETHUSDT+0.0100%8h2,730.7+0.099%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,727.3−0.024%$14.8M$40.6M50xas long as short
Variational Omni ETH+0.0100%8h2,729.6+0.060%$133.3M$321.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,731.8+0.140%$183.8M$670.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,729.6+0.059%$158.8M$86.9M50xas long as short
StandX ETH-USD+0.0100%1h2,729.6+0.059%$21.0M$69.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,728.5+0.020%—$844K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,729.4+0.051%$11.2M$9.3M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,7280.000%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,729.1+0.042%$41.2M$29.9M15xas long as short
Extended ETH-USD+0.0104%1h2,729.1+0.042%$30.5M$73.4M50xas long as short
Kalshi KXETHPERP+0.0105%8h2,728.2+0.007%$6.5M$684.2M4.9xas long as short
RISEx ETH/USDC+0.0107%1h2,726.6−0.052%$5.6M$11.8M25xas long as short
Aftermath Perps ETHUSD+0.0109%1h2,731.9+0.143%$30K$20K20xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,727.6−0.014%$50.8M$4.27B50xas long as short
Kraken Futures PF_ETHUSD+0.0153%1h2,727.6−0.016%$83.1M$315.2M100xas long as short
Orderly PERP_ETH_USDC+0.0194%8h2,729.9+0.069%$32.1M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0209%1h2,727.2−0.029%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,730.4+0.088%$242K$1.4M20xas long as short
BloFin ETH-USDTlong+0.0350%8h2,728long leg$282.6M$174.7M150x