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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−0.0001%/8h= −0.1% APRnext payment −$0.01 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against MEXC−0.040%7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$120.121% of the position
Long on MEXCShort on Binance
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 7 days+0.041%+$4 · spread now −0.040%, 7d avg +0.002%
Together, before fees+0.041%+$4 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: Binance is 0.042% cheaper against MEXC than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.002%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ETH_USDT2,771.30.0055pay 0.0055% / 8h7h 34m$1.63B$2.63B500x
ShortBinance ETHUSDT2,770.20.0054get 0.0054% / 8h7h 34m$6.47B$16.38B150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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
−$0.14
Price spread: −0.040% → +0.002%
−$4.2
Slippage, 4 orders
−$0.07
Fee MEXC: 1 bp × 2 orders
−$2
Fee Binance: 5 bp × 2 orders
−$10
Net
−$16.42
Costs to cover
0.121%
Break-even
never at this rate
Slippage from MEXC: live order book, 5 min ago; Binance: live order book, 10 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, 5 min ago0.02 bp1.0 bp −$11.0 bp −$101.2 bp −$1213.9 bp −$1,935
Sell Binance live order book, 10 min ago0.02 bp5.0 bp −$55.0 bp −$505.5 bp −$5467.9 bp −$3,928

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%1h2,762.9−0.302%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,770.8−0.017%$5.6M$11.3M25xas long as short
Perpl ETH−0.0112%43m2,769.6−0.060%$321K$6.3M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,771−0.010%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0040%1h2,770.3−0.035%$168K$1.1M50xas long as short
Phemex ETHUSDT−0.0020%8h2,770.8−0.018%$269.7M$67.4M150xas long as short
Phoenix ETH−0.0003%1h2,771.5+0.008%$876K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,771−0.010%$12.2M$45.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,771.4+0.006%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0024%8h2,771.3+0.002%$1.71B$11.21B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bullet ETH-USD+0.0024%1h2,770.6−0.026%$184K$1.7M20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0025% / S +0.0009%1h2,771.30.000%$12.7M—200xas long as short
SoDEX ETH-USD+0.0036%1h2,771−0.010%$55.2M$188.0M40xas long as short
Aster ETHUSDT+0.0039%8h2,770.6−0.026%$256.7M$886.6M200xas long as short
Binance ETHUSDTshort+0.0054%8h2,770.2−0.040%$6.47B$16.38B150x
MEXC ETH_USDTlong+0.0055%8h2,771.3long leg$1.63B$2.63B500x
Aevo ETH-PERP+0.0056%1h2,768.6−0.098%$5.0M$165K20xas long as short
Aftermath Perps ETHUSD+0.0062%1h2,772.2+0.035%$31K$23K20xas long as short
HTX ETH-USDT+0.0066%8h2,770.6−0.025%$1.08B$1.26B200xas long as short
Bitget ETHUSDT+0.0071%8h2,771.3−0.001%$2.10B$2.88B150xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,772.4+0.040%$60.3M$4.45B50xas long as short
KuCoin ETHUSDTM+0.0083%8h2,771.3+0.001%$420.2M$632.9M100xas long as short
Vest ETH-PERP+0.0083%1h2,770.9−0.014%—$878K50xas long as short
Gate ETH_USDT+0.0089%8h2,771.3+0.001%$3.35B$8.97B200xas long as short
Lighter ETH+0.0096%1h2,771.7+0.017%$115.3M$457.5M50xas long as short
Lighter RH ETH+0.0096%1h2,773+0.061%$25.8M$111.2M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,770.8−0.019%$15.9M$8.8M50xas long as short
SunX ETH-USDT+0.0099%8h2,770.3−0.034%$972K$13.3M100xas long as short
Katana Perps ETH-USD+0.0100%8h2,770.4−0.032%$486K$2.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,770.6−0.023%$14.8M$114.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,773.2+0.069%$3.17B$2.24B25xas long as short
Pacifica ETH+0.0100%1h2,770.7−0.021%$31.3M$323.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,770.3−0.035%$2.51B$4.38B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,770.2−0.039%$2.8M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,771.4+0.005%$2.8M$17.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.8−0.052%$171.6M$277.9M25xas long as short
BingX ETH-USDC+0.0100%8h2,770.9−0.012%—$17.4M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,771.6+0.011%$15.2M$42.1M50xas long as short
Variational Omni ETH+0.0100%8h2,772.3+0.036%$142.1M$343.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,773+0.060%$182.0M$786.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,771.5+0.007%$161.2M$84.7M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,772.1+0.029%$8.7M$32.2M100xas long as short
StandX ETH-USD+0.0100%1h2,770.5−0.028%$21.4M$62.1M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,770.6−0.025%$10.6M$7.9M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,771.1−0.006%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,773+0.064%$42.6M$29.0M15xas long as short
Extended ETH-USD+0.0104%1h2,770.4−0.032%$30.9M$74.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,771.4+0.005%—$37.0M500xas long as short
Kalshi KXETHPERP+0.0108%8h2,771.5+0.008%$8.0M$682.9M4.9xas long as short
Deribit ETH-PERPETUAL+0.0111%1h2,772.5+0.044%$259.1M$207.2M50xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,772.5+0.045%$93.4M$316.5M100xas long as short
Orderly PERP_ETH_USDC+0.0149%8h2,773.9+0.093%$32.6M$11.3M100xas long as short
Hibachi ETH/USDT-P+0.0152%1h2,773.9+0.093%$253K$1.5M20xas long as short
BloFin ETH-USDT+0.0175%8h2,768.4−0.102%$287.6M$185.9M150xas long as short
Reya ETHRUSDPERP+0.0210%1h2,770.5−0.028%$7.3M$1.2M25xas long as short