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Funding arb · Price arb /

ETH

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Alert: spread
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Funding you earn now, next payment 03:00 UTC−0.0003%/8h= −0.3% APRpaid last 24h 0.000%
Price spread now: Aevo against MEXC−0.033%7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$330.328% of the position
Long on MEXCShort on Aevo
What this pair did over the last
the charts below follow
Funding, last 7 days−0.002%$0 on $10k
Price spread, last 3 days (all we have)−0.028%−$3 · spread now −0.033%, 7d avg −0.056%
Together, before fees−0.030%−$3 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: Aevo is 0.022% dearer against MEXC than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.056%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ETH_USDT2,743.90.0083pay 0.0083% / 8h5h 58m$1.57B$2.50B500x
ShortAevo ETH-PERP2,7430.0080get 0.0010% / 1h58m 01s$4.9M$159K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against MEXC. 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
−$0.63
Price spread: −0.033% → −0.056%
$2.24
Slippage, 4 orders
−$14.83
Fee MEXC: 1 bp × 2 orders
−$2
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$31.21
Costs to cover
0.328%
Break-even
never at this rate
Slippage from MEXC: live order book, 1 min ago; Aevo: 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 MEXC live order book, 1 min ago0.02 bp1.0 bp −$11.0 bp −$101.5 bp −$1544.0 bp −$1,997
Sell Aevo live order book, 1 min ago3.32 bp19.3 bp −$1928.6 bp −$286doesn't fitdoesn't fit

ETH on 54 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−0.0112%43m2,746.7+0.101%$306K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,747.8+0.141%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,747.5+0.130%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,745.4+0.053%$12.1M—200xas long as short
Phoenix ETH−0.0006%1h2,748.4+0.163%$847K$2.8M25xas long as short
dYdX ETH-USD0.0000%1h2,747.1+0.115%$10.8M$41.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,745.5+0.056%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0040%1h2,746.6+0.097%$183K$981K50xas long as short
BingX ETH-USDC+0.0042%8h2,743.5−0.016%—$18.4M—as long as short
OKX ETH-USDT-SWAP+0.0054%8h2,742.9−0.036%$1.70B$10.60B100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0066%8h2,745.1+0.040%$368.7M$600.1M100xas long as short
Aster ETHUSDT+0.0074%8h2,745+0.038%$252.4M$842.1M200xas long as short
RISEx ETH/USDC+0.0077%1h2,746.6+0.097%$5.7M$11.2M25xas long as short
Aevo ETH-PERPshort+0.0080%1h2,743−0.033%$4.9M$159K20x
Bullet ETH-USD+0.0081%1h2,744.9+0.036%$182K$1.7M20xas long as short
SoDEX ETH-USD+0.0083%1h2,745.2+0.046%$54.7M$187.5M40xas long as short
MEXC ETH_USDTlong+0.0083%8h2,743.9long leg$1.57B$2.50B500x
Binance ETHUSDT+0.0083%8h2,743.6−0.014%$6.38B$15.76B150xas long as short
HTX ETH-USDT+0.0086%8h2,745+0.039%$1.06B$1.18B200xas long as short
Deribit ETH-PERPETUAL+0.0089%1h2,746.5+0.092%$258.9M$195.7M50xas long as short
ApeX Omni ETHUSDT+0.0089%1h2,746.6+0.095%$8.7M$31.2M100xas long as short
Lighter ETH+0.0096%1h2,745.6+0.062%$112.9M$430.1M50xas long as short
Lighter RH ETH+0.0096%1h2,747+0.113%$24.7M$103.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,747.3+0.123%—$31.0M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,746.3+0.086%$58.6M$4.28B50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,750+0.221%$16.2M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,746.2+0.082%$483K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,746.9+0.106%$13.9M$106.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,745.8+0.068%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,746.7+0.101%$31.6M$334.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,743−0.035%$2.46B$4.19B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,745.6+0.060%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,746.6+0.096%$2.7M$16.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,744.1+0.006%$3.39B$8.63B200xas long as short
Bitget ETHUSDT+0.0100%8h2,743.7−0.007%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,743.8−0.005%$15.0M$41.2M50xas long as short
Variational Omni ETH+0.0100%8h2,746.6+0.097%$133.0M$342.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,746.8+0.106%$181.9M$701.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,748.5+0.165%$159.8M$81.7M50xas long as short
StandX ETH-USD+0.0100%1h2,747.9+0.144%$21.2M$69.0M40xas long as short
Vest ETH-PERP+0.0100%1h2,746.7+0.099%—$819K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,746.1+0.079%$10.7M$8.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,745.7+0.063%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,747.1+0.117%$41.6M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,744.7+0.026%$963K$11.9M100xas long as short
Phemex ETHUSDT+0.0100%8h2,745.3+0.049%$267.2M$65.1M150xas long as short
Bulk ETH-USD+0.0100%1h2,746.2+0.083%$164.3M$302.6M25xas long as short
Extended ETH-USD+0.0104%1h2,742.5−0.053%$30.6M$72.5M50xas long as short
Aftermath Perps ETHUSD+0.0110%1h2,747.3+0.122%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0149%8h2,746.6+0.097%$7.9M$670.8M4.9xas long as short
Orderly PERP_ETH_USDC+0.0183%8h2,747.9+0.144%$32.3M$11.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,746+0.074%$88.1M$309.5M100xas long as short
Reya ETHRUSDPERP+0.0223%1h2,744.8+0.032%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,748.3+0.161%$250K$1.4M20xas long as short