Settings8H · net · $10k
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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 16:00 UTC+0.0088%/8h= +9.6% APRnext payment +$0.88 per $10,000 · paid last 24h +0.003%
Price spread now: MEXC against Bybit+0.013%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$130.131% of the position
Long on BybitShort on MEXC
What this pair did over the last
the charts below follow
Funding, last 7 days+0.007%+$1 on $10k
Price spread, last 7 days−0.011%−$1 · spread now +0.013%, 7d avg −0.001%
Together, before fees−0.004%$0 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: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ETHUSDT2,748.50.0002pay 0.0002% / 8h5h 55m$2.37B$3.82B150x
ShortMEXC ETH_USDT2,748.90.0090get 0.0090% / 8h5h 55m$1.60B$2.34B500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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
$18.45
Price spread: +0.013% → −0.001%
$1.41
Slippage, 4 orders
−$0.07
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee MEXC: 1 bp × 2 orders
−$2
Net
$6.79
Costs to cover
0.131%
Break-even
4.4 days
Slippage from Bybit: 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 Bybit live order book, 1 min ago0.02 bp5.5 bp −$66.0 bp −$607.3 bp −$7329.7 bp −$4,836
Sell MEXC live order book, 1 min ago0.02 bp1.0 bp −$11.0 bp −$101.0 bp −$1023.0 bp −$1,501

ETH on 54 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi ETH/USDT-P−0.0128%1h2,750.1+0.058%$235K$1.2M20xas long as short
Hotstuff ETH-PERP−0.0080%1h2,749.4+0.033%$5K$1K50xas long as short
Phoenix ETH−0.0023%1h2,750+0.055%$809K$2.8M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0009% / S +0.0043%1h2,748.5+0.002%$12.2M—200xas long as short
Kalshi KXETHPERP0.0000%8h2,749+0.018%$7.2M$661.1M4.9xas long as short
Perpl ETH0.0000%43m2,749.9+0.051%$269K$5.0M8.3xas long as short
Bybit ETHUSDTlong+0.0002%8h2,748.5long leg$2.37B$3.82B150x
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,749.5+0.037%$33.2M—200xas long as short
ApeX Omni ETHUSDT+0.0024%1h2,748.50.000%$8.3M$25.3M100xas long as short
OKX ETH-USDT-SWAP+0.0068%8h2,748.3−0.009%$1.67B$9.26B100xas long as short
Show all 54 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0072%1h2,749.4+0.033%$182K$950K50xas long as short
Deribit ETH-PERPETUAL+0.0074%1h2,749.4+0.034%$266.7M$185.6M50xas long as short
Gate ETH_USDT+0.0082%8h2,748.6+0.002%$3.27B$7.68B200xas long as short
Aster ETHUSDT+0.0084%8h2,748.8+0.010%$257.5M$723.2M200xas long as short
KuCoin ETHUSDTM+0.0088%8h2,748.8+0.009%$365.4M$442.0M100xas long as short
Aevo ETH-PERP+0.0088%1h2,747.3−0.044%$4.9M$214K20xas long as short
MEXC ETH_USDTshort+0.0090%8h2,748.9+0.013%$1.60B$2.34B500x
Binance ETHUSDT+0.0090%8h2,748.7+0.008%$6.41B$14.10B150xas long as short
Lighter ETH+0.0096%1h2,748.8+0.010%$113.9M$382.8M50xas long as short
Lighter RH ETH+0.0096%1h2,750.1+0.058%$23.8M$93.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,748.2−0.010%—$23.6M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,749.4+0.033%$46.2M$3.91B50xas long as short
Katana Perps ETH-USD+0.0100%8h2,748.4−0.004%$507K$3.5M50xas long as short
Nado ETH-PERP+0.0100%1h2,749.6+0.042%$14.6M$96.1M50xas long as short
Pacifica ETH+0.0100%1h2,750.2+0.062%$32.4M$325.1M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,748.7+0.007%$2.8M$14.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,749.6+0.040%$1.5M$14.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,749.3+0.028%$164.5M$330.2M25xas long as short
Bitget ETHUSDT+0.0100%8h2,748.4−0.005%$2.11B$2.31B150xas long as short
BingX ETH-USDC+0.0100%8h2,747.5−0.037%—$18.5M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,748−0.019%$14.9M$36.3M50xas long as short
Variational Omni ETH+0.0100%8h2,747.4−0.039%$132.5M$292.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,747.4−0.041%$185.1M$624.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,750.1+0.059%$159.9M$69.4M50xas long as short
StandX ETH-USD+0.0100%1h2,750.6+0.076%$21.1M$75.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,749.8+0.049%—$352K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,749.7+0.044%$11.3M$8.6M50xas long as short
Bullet ETH-USD+0.0100%1h2,748.3−0.007%$177K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,748.6+0.002%$20K$14K25xas long as short
SunX ETH-USDT+0.0100%8h2,748.8+0.012%$948K$8.7M100xas long as short
SoDEX ETH-USD+0.0100%1h2,748.50.000%$61.9M$121.8M40xas long as short
HTX ETH-USDT+0.0100%8h2,748.4−0.005%$1.05B$1.05B200xas long as short
Phemex ETHUSDT+0.0100%8h2,748.2−0.011%$264.1M$57.4M150xas long as short
Extended ETH-USD+0.0104%1h2,747.3−0.042%$30.5M$65.2M50xas long as short
Aftermath Perps ETHUSD+0.0104%1h2,748.8+0.012%$30K$8K20xas long as short
Kraken Futures PF_ETHUSD+0.0105%1h2,748.7+0.006%$82.5M$275.0M100xas long as short
Reya ETHRUSDPERP+0.0157%1h2,747.3−0.043%$7.3M$832K25xas long as short
Orderly PERP_ETH_USDC+0.0174%8h2,750.2+0.063%$32.5M$10.0M100xas long as short
dYdX ETH-USD+0.0189%1h2,749.3+0.028%$15.3M$42.8M50xas long as short
RISEx ETH/USDC+0.0206%1h2,749.6+0.039%$5.7M$10.6M25xas long as short
Hyperliquid ETH+0.0247%1h2,751.6+0.114%$3.16B$1.75B25xas long as short
BloFin ETH-USDT+0.0361%8h2,749.4+0.034%$283.3M$149.9M150xas long as short
Injective ETH/USDC PERP+0.0461%1h2,751.5+0.109%$118K$21.7M52xas long as short
Paradex ETH-USD-PERP+0.0516%8h2,753.3+0.175%$15.9M$6.2M50xas long as short