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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−0.0006%/8h= −0.7% APRnext payment −$0.06 per $10,000 · paid last 24h −0.002%
Price spread now: MEXC against KuCoin+0.037%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$140.141% of the position
Long on KuCoinShort on MEXC
What this pair did over the last
the charts below follow
Funding, last 7 days+0.014%+$1 on $10k
Price spread, last 7 days−0.039%−$4 · spread now +0.037%, 7d avg −0.004%
Together, before fees−0.025%−$2 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.041% dearer against KuCoin than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.004%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ETHUSDTM2,736.80.0085pay 0.0085% / 8h7h 18m$383.1M$500.7M100x
ShortMEXC ETH_USDT2,737.80.0079get 0.0079% / 8h7h 18m$1.58B$2.59B500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against KuCoin. 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: +0.037% → −0.004%
$4.09
Slippage, 4 orders
−$0.15
Fee KuCoin: 6 bp × 2 orders
−$12
Fee MEXC: 1 bp × 2 orders
−$2
Net
−$11.32
Costs to cover
0.141%
Break-even
never at this rate
Slippage from KuCoin: live order book, 10 min ago; MEXC: live order book, 5 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 KuCoin live order book, 10 min ago0.02 bp6.0 bp −$67.2 bp −$7210.8 bp −$1,081doesn't fit
Sell MEXC live order book, 5 min ago0.02 bp1.0 bp −$11.0 bp −$101.0 bp −$1022.8 bp −$1,395

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−0.0159%8h2,736−0.029%$282.1M$175.1M150xas long as short
Perpl ETH−0.0112%43m2,736.3−0.019%$274K$5.5M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,736.2−0.021%$5K$1K50xas long as short
Bybit ETHUSDT−0.0054%8h2,738.5+0.062%$2.32B$4.16B150xas long as short
HTX ETH-USDT−0.0024%8h2,736.1−0.026%$1.05B$1.17B200xas long as short
Phemex ETHUSDT−0.0022%8h2,736.5−0.012%$263.4M$62.4M150xas long as short
Phoenix ETH−0.0012%1h2,736.4−0.014%$810K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,736.4−0.014%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,738.6+0.066%$10.6M$41.8M50xas long as short
Kalshi KXETHPERP0.0000%8h2,737.5+0.027%$6.4M$664.1M4.9xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ETH-PERPETUAL+0.0002%1h2,737.3+0.020%$266.2M$216.4M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,736.6−0.007%$33.0M—200xas long as short
Hibachi ETH/USDT-P+0.0008%1h2,737.1+0.011%$241K$1.4M20xas long as short
SunX ETH-USDT+0.0020%8h2,735.6−0.041%$944K$10.2M100xas long as short
01 Exchange ETHUSD+0.0024%1h2,737.1+0.012%$194K$879K50xas long as short
ApeX Omni ETHUSDT+0.0047%1h2,736−0.029%$8.3M$30.8M100xas long as short
SoDEX ETH-USD+0.0054%1h2,735.9−0.032%$54.5M$181.7M40xas long as short
Gate ETH_USDT+0.0062%8h2,738+0.045%$3.29B$8.34B200xas long as short
Aster ETHUSDT+0.0069%8h2,738.3+0.056%$253.4M$812.4M200xas long as short
OKX ETH-USDT-SWAP+0.0074%8h2,738.3+0.057%$1.66B$10.25B100xas long as short
MEXC ETH_USDTshort+0.0079%8h2,737.8+0.037%$1.58B$2.59B500x
Binance ETHUSDT+0.0079%8h2,738.4+0.060%$6.33B$15.51B150xas long as short
Aevo ETH-PERP+0.0080%1h2,734.3−0.091%$4.9M$190K20xas long as short
KuCoin ETHUSDTMlong+0.0085%8h2,736.8long leg$383.1M$500.7M100x
Bullet ETH-USD+0.0086%1h2,736.6−0.006%$177K$1.7M20xas long as short
Lighter ETH+0.0096%1h2,736.7−0.004%$113.0M$404.3M50xas long as short
Lighter RH ETH+0.0096%1h2,738+0.045%$23.7M$96.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,737.7+0.033%—$23.9M500xas long as short
Katana Perps ETH-USD+0.0100%8h2,737+0.008%$503K$3.6M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,741.5+0.174%$15.4M$6.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,737.9+0.042%$14.3M$99.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,740.8+0.147%$3.12B$1.96B25xas long as short
Pacifica ETH+0.0100%1h2,738.1+0.049%$32.1M$328.1M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,737.2+0.016%$2.7M$16.3M25xas long as short
Arcus ETH-USD+0.0100%1h2,737.6+0.029%$1.6M$15.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,720.7−0.589%$164.6M$337.2M25xas long as short
Bitget ETHUSDT+0.0100%8h2,738.8+0.073%$2.12B$2.59B150xas long as short
BingX ETH-USDC+0.0100%8h2,737.5+0.028%—$18.7M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,736.4−0.015%$15.1M$38.1M50xas long as short
Variational Omni ETH+0.0100%8h2,736.7−0.004%$132.3M$311.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,735.4−0.050%$186.3M$684.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,738.2+0.051%$159.2M$80.4M50xas long as short
StandX ETH-USD+0.0100%1h2,737.3+0.019%$21.0M$70.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,739+0.082%—$416K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,737.4+0.023%$11.2M$9.2M50xas long as short
Derive ETH-PERP+0.0100%1h2,724.3−0.455%$40.5M$29.1M15xas long as short
Extended ETH-USD+0.0104%1h2,735.5−0.045%$30.4M$69.2M50xas long as short
Kraken Futures PF_ETHUSD+0.0105%1h2,736.6−0.006%$82.2M$295.2M100xas long as short
Aftermath Perps ETHUSD+0.0114%1h2,732.9−0.143%$30K$19K20xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,737.3+0.019%$45.7M$4.15B50xas long as short
RISEx ETH/USDC+0.0137%1h2,737.7+0.034%$5.6M$11.3M25xas long as short
Reya ETHRUSDPERP+0.0170%1h2,736.1−0.025%$7.3M$961K25xas long as short
Orderly PERP_ETH_USDC+0.0181%8h2,738.8+0.074%$32.3M$10.7M100xas long as short
Injective ETH/USDC PERP+0.0253%1h2,740.9+0.151%$213K$22.5M52xas long as short
Bluefin ETH-PERP+0.0998%1h2,737+0.007%$20K$16K25xas long as short