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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 09:00 UTC+0.0075%/8h= +8.2% APRpaid last 24h −0.004%
Price spread now: MEXC against dYdX+0.003%7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$340.344% of the position
Long on dYdXShort on MEXC
What this pair did over the last
the charts below follow
Funding, last 7 days−0.155%−$16 on $10k
Price spread, last 7 days−0.013%−$1 · spread now +0.003%, 7d avg +0.004%
Together, before fees−0.168%−$17 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.155%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ETH-USD2,725.20get 0.0000% / 1h25m 12s$10.6M$41.8M50x
ShortMEXC ETH_USDT2,725.30.0075get 0.0075% / 8h7h 25m$1.59B$2.57B500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against dYdX. 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
$15.75
Price spread: +0.003% → +0.004%
−$0.1
Slippage, 4 orders
−$22.42
Fee dYdX: 5 bp × 2 orders
−$10
Fee MEXC: 1 bp × 2 orders
−$2
Net
−$18.76
Costs to cover
0.344%
Break-even
15.3 days
Slippage from dYdX: live order book, 4 min ago; MEXC: live order book, 9 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 dYdX live order book, 4 min ago10.27 bp15.3 bp −$1518.0 bp −$18020.5 bp −$2,04923.5 bp −$11.7K
Sell MEXC live order book, 9 min ago0.02 bp1.0 bp −$11.2 bp −$121.6 bp −$1634.1 bp −$2,028

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
BloFin ETH-USDT−0.0153%8h2,725−0.007%$281.6M$176.2M150xas long as short
Perpl ETH−0.0112%43m2,724.9−0.011%$274K$5.7M8.3xas long as short
HTX ETH-USDT−0.0107%8h2,725.2−0.001%$1.05B$1.19B200xas long as short
Hotstuff ETH-PERP−0.0080%1h2,725.3+0.004%$5K$1K50xas long as short
SunX ETH-USDT−0.0068%8h2,725.3+0.002%$939K$10.5M100xas long as short
Bybit ETHUSDT−0.0066%8h2,725.3+0.003%$2.31B$4.24B150xas long as short
ApeX Omni ETHUSDT−0.0015%1h2,724.3−0.034%$8.3M$31.0M100xas long as short
Phoenix ETH−0.0012%1h2,724.7−0.018%$806K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,725.5+0.010%$11.9M—200xas long as short
dYdX ETH-USDlong0.0000%1h2,725.2long leg$10.6M$41.8M50x
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kalshi KXETHPERP0.0000%8h2,724.6−0.022%$6.5M$668.6M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,726.6+0.050%$266.0M$220.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,725.5+0.012%$32.9M—200xas long as short
Hibachi ETH/USDT-P+0.0024%1h2,725.3+0.005%$236K$1.4M20xas long as short
Phemex ETHUSDT+0.0029%8h2,725.3+0.005%$262.5M$63.1M150xas long as short
01 Exchange ETHUSD+0.0032%1h2,726.5+0.048%$195K$885K50xas long as short
Gate ETH_USDT+0.0039%8h2,725.6+0.013%$3.28B$8.30B200xas long as short
SoDEX ETH-USD+0.0040%1h2,725.1−0.003%$54.3M$182.3M40xas long as short
Aster ETHUSDT+0.0065%8h2,725.3+0.005%$252.3M$837.5M200xas long as short
Aevo ETH-PERP+0.0072%1h2,724.6−0.023%$4.9M$195K20xas long as short
MEXC ETH_USDTshort+0.0075%8h2,725.3+0.003%$1.59B$2.57B500x
OKX ETH-USDT-SWAP+0.0075%8h2,725.4+0.007%$1.65B$10.48B100xas long as short
Binance ETHUSDT+0.0076%8h2,725.1−0.002%$6.30B$15.85B150xas long as short
KuCoin ETHUSDTM+0.0083%8h2,725.1−0.005%$382.3M$560.1M100xas long as short
Bullet ETH-USD+0.0083%1h2,725−0.007%$176K$1.7M20xas long as short
Lighter ETH+0.0096%1h2,726+0.029%$112.4M$403.0M50xas long as short
Lighter RH ETH+0.0096%1h2,727.1+0.070%$23.7M$96.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,725.8+0.024%—$30.3M500xas long as short
Katana Perps ETH-USD+0.0100%8h2,725.9+0.026%$497K$3.6M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,728.5+0.121%$15.3M$7.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,725.1−0.005%$14.3M$100.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,727.4+0.081%$3.10B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,726.3+0.042%$31.9M$331.2M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,726.1+0.033%$2.7M$16.3M25xas long as short
Arcus ETH-USD+0.0100%1h2,725.7+0.017%$1.6M$15.7M25xas long as short
Bulk ETH-USD+0.0100%1h2,720.7−0.166%$164.6M$337.2M25xas long as short
Bitget ETHUSDT+0.0100%8h2,725.7+0.017%$2.11B$2.68B150xas long as short
BingX ETH-USDT+0.0100%8h2,725.4+0.006%—$1.04B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,725.4+0.007%$15.1M$39.1M50xas long as short
Variational Omni ETH+0.0100%8h2,722.3−0.107%$131.5M$313.5M—as long as short
edgeX ETHUSDC+0.0100%4h2,723−0.080%$185.3M$682.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,724.4−0.028%$158.4M$80.9M50xas long as short
StandX ETH-USD+0.0100%1h2,724.3−0.033%$20.9M$71.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,727+0.065%—$436K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,724−0.044%$11.2M$9.3M50xas long as short
Derive ETH-PERP+0.0100%1h2,724.3−0.032%$40.5M$29.1M15xas long as short
Extended ETH-USD+0.0104%1h2,724.4−0.028%$30.2M$70.5M50xas long as short
Kraken Futures PF_ETHUSD+0.0105%1h2,726+0.029%$81.9M$307.7M100xas long as short
Aftermath Perps ETHUSD+0.0108%1h2,725.9+0.025%$30K$20K20xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,726.4+0.044%$45.8M$4.19B50xas long as short
RISEx ETH/USDC+0.0137%1h2,726.8+0.060%$5.6M$11.4M25xas long as short
Reya ETHRUSDPERP+0.0171%1h2,724.3−0.031%$7.3M$961K25xas long as short
Orderly PERP_ETH_USDC+0.0182%8h2,727.3+0.079%$32.2M$10.8M100xas long as short
Injective ETH/USDC PERP+0.0253%1h2,726.6+0.052%$117K$21.9M52xas long as short
Bluefin ETH-PERP+0.1273%1h2,725.6+0.016%$20K$23K25xas long as short