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Funding arb · Price arb /

ETH

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Measured
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Alert: spread
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Funding you earn now, next payment 04:00 UTC+0.0029%/8h= +3.2% APRpaid last 24h +0.005%
Price spread now: Coinbase International against MEXC+0.018%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$120.121% of the position
Long on MEXCShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 7 days+0.098%+$10 on $10k
Price spread, last 4 days (all we have)−0.014%−$1 · spread now +0.018%, 7d avg +0.036%
Together, before fees+0.084%+$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.036%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ETH_USDT2,730.70.0091pay 0.0091% / 8h3h 26m$1.55B$2.57B500x
ShortCoinbase International ETH-PERP-INTX2,731.20.0120get 0.0015% / 1h26m 11s$50.9M$4.28B50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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
$6.09
Price spread: +0.018% → +0.036%
−$1.88
Slippage, 4 orders
−$0.07
Fee MEXC: 1 bp × 2 orders
−$2
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$7.86
Costs to cover
0.121%
Break-even
16.0 days
Slippage from MEXC: live order book, 3 min ago; Coinbase International: live order book, 3 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, 3 min ago0.02 bp1.0 bp −$11.1 bp −$111.6 bp −$1644.4 bp −$2,194
Sell Coinbase International live order book, 3 min ago0.02 bp5.0 bp −$55.0 bp −$506.2 bp −$62218.4 bp −$9,220

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
Perpl ETH−0.0335%43m2,731.8+0.038%$297K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,732.5+0.066%$5K$1K50xas long as short
HTX ETH-USDT−0.0011%8h2,729.2−0.054%$1.06B$1.20B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,731.1+0.015%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,739+0.304%$821K$2.9M25xas long as short
dYdX ETH-USD+0.0004%1h2,732.8+0.076%$10.7M$42.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,731.2+0.019%$28.0M—200xas long as short
Bullet ETH-USD+0.0026%1h2,730.70.000%$178K$1.7M20xas long as short
BingX ETH-USDC+0.0033%8h2,729.9−0.028%—$18.4M—as long as short
Bybit ETHUSDT+0.0039%8h2,730.2−0.019%$2.37B$4.37B150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0048%1h2,732.6+0.070%$186K$816K50xas long as short
KuCoin ETHUSDTM+0.0067%8h2,730.4−0.010%$379.9M$573.6M100xas long as short
Deribit ETH-PERPETUAL+0.0069%1h2,731.7+0.038%$259.5M$200.2M50xas long as short
SunX ETH-USDT+0.0070%8h2,731.1+0.014%$957K$11.2M100xas long as short
OKX ETH-USDT-SWAP+0.0076%8h2,730.5−0.008%$1.67B$10.73B100xas long as short
Aster ETHUSDT+0.0081%8h2,730.6−0.002%$250.8M$841.0M200xas long as short
ApeX Omni ETHUSDT+0.0085%1h2,737.8+0.259%$8.7M$31.2M100xas long as short
Phemex ETHUSDT+0.0085%8h2,731.2+0.019%$264.8M$65.1M150xas long as short
Aevo ETH-PERP+0.0088%1h2,729.4−0.047%$4.9M$155K20xas long as short
Binance ETHUSDT+0.0089%8h2,730.5−0.007%$6.34B$15.92B150xas long as short
MEXC ETH_USDTlong+0.0091%8h2,730.7long leg$1.55B$2.57B500x
SoDEX ETH-USD+0.0094%1h2,730.6−0.004%$54.4M$187.7M40xas long as short
Lighter ETH+0.0096%1h2,730.9+0.008%$112.5M$433.2M50xas long as short
Lighter RH ETH+0.0096%1h2,732.3+0.060%$23.4M$104.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,732.3+0.058%—$31.0M500xas long as short
Injective ETH/USDC PERP+0.0096%1h2,733.1+0.088%$117K$22.5M52xas long as short
Katana Perps ETH-USD+0.0100%8h2,731.8+0.040%$506K$3.3M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,733.8+0.114%$15.6M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,731.9+0.045%$13.8M$104.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,732.8+0.077%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,733.2+0.091%$31.8M$333.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,731.5+0.029%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,732.6+0.071%$1.5M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,736.4+0.210%$170.3M$327.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,730.6−0.005%$3.33B$8.89B200xas long as short
Bitget ETHUSDT+0.0100%8h2,730.7−0.002%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,730.6−0.004%$15.2M$40.3M50xas long as short
Variational Omni ETH+0.0100%8h2,737.4+0.246%$133.6M$321.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,734.7+0.145%$184.0M$670.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,734.6+0.144%$159.1M$86.9M50xas long as short
StandX ETH-USD+0.0100%1h2,735.1+0.161%$21.1M$69.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,732.9+0.079%—$844K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,733.1+0.088%$11.2M$9.3M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,731.4+0.026%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,732.6+0.071%$41.2M$29.9M15xas long as short
Extended ETH-USD+0.0104%1h2,729.7−0.037%$30.6M$73.1M50xas long as short
RISEx ETH/USDC+0.0107%1h2,732.5+0.064%$5.6M$11.8M25xas long as short
Aftermath Perps ETHUSD+0.0109%1h2,735.2+0.165%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0119%8h2,732.2+0.055%$6.5M$684.1M4.9xas long as short
Coinbase International ETH-PERP-INTXshort+0.0120%1h2,731.2+0.018%$50.9M$4.28B50x
Kraken Futures PF_ETHUSD+0.0153%1h2,731.2+0.017%$83.2M$315.1M100xas long as short
Orderly PERP_ETH_USDC+0.0195%8h2,733.1+0.088%$32.1M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0210%1h2,730.8+0.004%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,733.4+0.097%$244K$1.4M20xas long as short
BloFin ETH-USDT+0.0365%8h2,732+0.048%$282.9M$174.9M150xas long as short