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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−0.0042%/8h= −4.6% APRnext payment −$0.42 per $10,000 · paid last 24h −0.007%
Price spread now: MEXC against Katana Perps−0.009%7-day average +0.034% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Katana PerpsShort 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%+$2 · spread now −0.009%, 7d avg +0.034%
Together, before fees−0.010%−$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.044% cheaper against Katana Perps than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.034%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKatana Perps ETH-USD2,769.80.0100pay 0.0100% / 8h7h 48m$487K$2.9M50x
ShortMEXC ETH_USDT2,769.50.0058get 0.0058% / 8h7h 48m$1.62B$2.62B500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Katana Perps. 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
−$8.78
Price spread: −0.009% → +0.034%
−$4.38
Slippage, 4 orders
no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Fee MEXC: 1 bp × 2 orders
−$2
Net
−$18.96
Costs to cover
0.058%
Break-even
never at this rate
Slippage unknown: Katana Perps: no order-book sample; MEXC: live order book, 10 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Katana Perps no order-book sample—————
Sell MEXC live order book, 10 min ago0.02 bp1.0 bp −$11.0 bp −$101.0 bp −$1054.4 bp −$2,194
Katana Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Injective ETH/USDC PERP−0.0752%1h2,770.4+0.022%$119K$22.5M52xas long as short
Perpl ETH−0.0223%43m2,769.7−0.004%$285K$6.6M8.3xas long as short
RISEx ETH/USDC−0.0128%1h2,770.1+0.012%$5.7M$11.9M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,770.4+0.022%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0032%1h2,770+0.007%$168K$1.2M50xas long as short
Phoenix ETH−0.0003%1h2,772.4+0.094%$878K$3.7M25xas long as short
Phemex ETHUSDT−0.0003%8h2,770.5+0.024%$269.8M$68.0M150xas long as short
dYdX ETH-USD0.0000%1h2,770+0.007%$12.7M$45.8M50xas long as short
Kalshi KXETHPERP0.0000%8h2,770.8+0.036%$8.2M$689.2M4.9xas long as short
ApeX Omni ETHUSDT0.0000%1h2,767.7−0.075%$8.7M$32.8M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,770.5+0.026%$22.4M—200xas long as short
Bullet ETH-USD+0.0010%1h2,769.80.000%$183K$1.7M20xas long as short
SoDEX ETH-USD+0.0018%1h2,770.7+0.032%$55.2M$228.8M40xas long as short
OKX ETH-USDT-SWAP+0.0020%8h2,771+0.042%$1.71B$11.72B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0025% / S +0.0009%1h2,770.4+0.021%$12.8M—200xas long as short
Aftermath Perps ETHUSD+0.0037%1h2,771+0.042%$31K$24K20xas long as short
Aster ETHUSDT+0.0039%8h2,770.4+0.023%$256.5M$966.2M200xas long as short
Aevo ETH-PERP+0.0056%1h2,771.3+0.053%$5.0M$165K20xas long as short
Binance ETHUSDT+0.0058%8h2,770+0.007%$6.47B$17.08B150xas long as short
MEXC ETH_USDTshort+0.0058%8h2,769.5−0.009%$1.62B$2.62B500x
HTX ETH-USDT+0.0063%8h2,770.3+0.018%$1.08B$1.31B200xas long as short
BingX ETH-USDC+0.0066%8h2,769.5−0.011%—$17.5M—as long as short
Bitget ETHUSDT+0.0067%8h2,769.7−0.003%$2.10B$3.04B150xas long as short
Gate ETH_USDT+0.0075%8h2,769.8+0.001%$3.30B$8.92B200xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,771.4+0.056%$60.5M$4.55B50xas long as short
KuCoin ETHUSDTM+0.0081%8h2,769.5−0.011%$420.5M$731.8M100xas long as short
Vest ETH-PERP+0.0089%1h2,769.9+0.002%—$1.1M50xas long as short
Lighter ETH+0.0096%1h2,770.7+0.031%$115.2M$456.4M50xas long as short
Lighter RH ETH+0.0096%1h2,772+0.078%$25.2M$109.9M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,769.6−0.008%$15.9M$9.7M50xas long as short
Katana Perps ETH-USDlong+0.0100%8h2,769.8long leg$487K$2.9M50x
Nado ETH-PERP+0.0100%1h2,769.4−0.013%$14.5M$117.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,772.4+0.094%$3.17B$2.30B25xas long as short
Pacifica ETH+0.0100%1h2,770.4+0.023%$31.2M$322.6M50xas long as short
Bybit ETHUSDT+0.0100%8h2,770.9+0.041%$2.51B$4.57B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,769.2−0.022%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,770.7+0.031%$2.8M$17.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.5+0.026%$170.6M$266.1M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,770.5+0.027%$15.3M$42.9M50xas long as short
Variational Omni ETH+0.0100%8h2,768.8−0.036%$151.4M$343.1M—as long as short
edgeX ETHUSDC+0.0100%4h2,771.1+0.047%$181.9M$785.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,772.6+0.101%$161.3M$87.3M50xas long as short
StandX ETH-USD+0.0100%1h2,769.80.000%$21.4M$59.0M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,769.80.000%$10.6M$8.1M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,770.3+0.018%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,772.7+0.105%$42.6M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,769.5−0.012%$972K$13.7M100xas long as short
Extended ETH-USD+0.0104%1h2,768.9−0.032%$32.5M$77.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,770.6+0.029%—$41.7M500xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,772.1+0.084%$93.4M$331.4M100xas long as short
Orderly PERP_ETH_USDC+0.0147%8h2,773.2+0.122%$32.6M$12.0M100xas long as short
Deribit ETH-PERPETUAL+0.0158%1h2,772.3+0.089%$259.1M$216.6M50xas long as short
Hibachi ETH/USDT-P+0.0168%1h2,771+0.045%$252K$1.5M20xas long as short
BloFin ETH-USDT+0.0178%8h2,770.7+0.032%$287.6M$191.4M150xas long as short
Reya ETHRUSDPERP+0.0208%1h2,769.7−0.002%$7.3M$1.2M25xas long as short