ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.18 per $10,000 · paid last 24h −0.002%

Price spread now: KuCoin against MEXC+0.008%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$140.142% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 7 days−0.008%−$1 · spread now +0.008%, 7d avg +0.004%

Together, before fees−0.018%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ETH_USDT	2,778.7	0.0070	pay 0.0070% / 8h	42m 00s	$1.60B	$2.64B	500x
Short	KuCoin ETHUSDTM	2,779	0.0088	get 0.0088% / 8h	42m 00s	$422.6M	$740.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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

Position, each leg$Hold fordaysFee MEXCbpFee KuCoinbpOrdersPrice spread, now +0.008%Rate

Funding earned: $3.78
Price spread: +0.008% → +0.004%: $0.39
Slippage, 4 orders: −$0.19
Fee MEXC: 1 bp × 2 orders: −$2
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$10.02
Costs to cover: 0.142%
Break-even: 25.6 days

Slippage from MEXC: live order book, 2 min ago; KuCoin: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 2 min ago	0.02 bp	1.0 bp −$1	1.0 bp −$10	1.6 bp −$156	4.3 bp −$2,149
Sell KuCoin live order book, 2 min ago	0.02 bp	6.1 bp −$6	8.1 bp −$81	11.3 bp −$1,133	doesn't fit

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0447%	43m	2,780	+0.045%	$287K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0206%	1h	2,779.3	+0.022%	$5.7M	$11.9M	25x	as long as short
Injective ETH/USDC PERP	−0.0088%	1h	2,781.9	+0.114%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,780	+0.045%	$5K	$2K	50x	as long as short
ApeX Omni ETHUSDT	−0.0043%	1h	2,784.9	+0.220%	$8.9M	$32.9M	100x	as long as short
01 Exchange ETHUSD	−0.0016%	1h	2,779.9	+0.042%	$169K	$1.2M	50x	as long as short
Aftermath Perps ETHUSD	−0.0005%	1h	2,783.2	+0.160%	$29K	$22K	20x	as long as short
dYdX ETH-USD	0.0000%	1h	2,780.7	+0.071%	$12.7M	$45.9M	50x	as long as short
Phoenix ETH	+0.0003%	1h	2,783.8	+0.182%	$881K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,779.7	+0.035%	$22.4M	—	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDT	+0.0017%	8h	2,779	+0.010%	—	$1.21B	—	as long as short
OKX ETH-USDT-SWAP	+0.0021%	8h	2,779	+0.009%	$1.70B	$11.92B	100x	as long as short
Phemex ETHUSDT	+0.0026%	8h	2,780	+0.044%	$271.0M	$68.9M	150x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0026% / S +0.0009%	1h	2,779.5	+0.029%	$12.9M	—	200x	as long as short
Aster ETHUSDT	+0.0042%	8h	2,779.1	+0.013%	$257.3M	$1.00B	200x	as long as short
Bullet ETH-USD	+0.0058%	1h	2,779	+0.009%	$183K	$1.7M	20x	as long as short
Bitget ETHUSDT	+0.0067%	8h	2,779	+0.011%	$2.10B	$3.11B	150x	as long as short
SoDEX ETH-USD	+0.0067%	1h	2,778.6	−0.005%	$55.3M	$229.1M	40x	as long as short
Binance ETHUSDT	+0.0069%	8h	2,778.8	0.000%	$6.46B	$17.32B	150x	as long as short
Gate ETH_USDT	+0.0070%	8h	2,779	+0.010%	$3.30B	$9.62B	200x	as long as short
MEXC ETH_USDTlong	+0.0070%	8h	2,778.7	long leg	$1.60B	$2.64B	500x
Aevo ETH-PERP	+0.0072%	1h	2,777.4	−0.050%	$5.0M	$636K	20x	as long as short
KuCoin ETHUSDTMshort	+0.0088%	8h	2,779	+0.008%	$422.6M	$740.8M	100x
Coinbase International ETH-PERP-INTX	+0.0088%	1h	2,779.6	+0.032%	$60.1M	$4.61B	50x	as long as short
Bybit ETHUSDT	+0.0091%	8h	2,779.4	+0.024%	$2.52B	$4.64B	150x	as long as short
Deribit ETH-PERPETUAL	+0.0092%	1h	2,780.4	+0.060%	$258.9M	$223.1M	50x	as long as short
HTX ETH-USDT	+0.0093%	8h	2,779	+0.009%	$1.08B	$1.32B	200x	as long as short
Vest ETH-PERP	+0.0096%	1h	2,780.7	+0.069%	—	$1.1M	50x	as long as short
Lighter ETH	+0.0096%	1h	2,779.5	+0.028%	$116.1M	$496.8M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,780.7	+0.070%	$25.4M	$121.0M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,779.7	+0.034%	—	$42.0M	500x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,779.2	+0.017%	$16.0M	$10.2M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,779.8	+0.038%	$478K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,779.2	+0.017%	$14.3M	$118.2M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,781.1	+0.085%	$3.20B	$2.35B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,780	+0.046%	$31.3M	$309.3M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,779.7	+0.035%	$2.8M	$17.2M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,780.8	+0.074%	$2.8M	$17.2M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,784.2	+0.197%	$168.3M	$253.1M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,778.8	+0.003%	$15.1M	$44.3M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,783.3	+0.163%	$147.8M	$336.8M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,784.6	+0.212%	$183.5M	$784.0M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,784.3	+0.201%	$161.9M	$89.7M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,784.1	+0.193%	$21.5M	$58.4M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,780.1	+0.049%	$10.7M	$7.9M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,780.1	+0.048%	$21K	$24K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,781.3	+0.091%	$42.8M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,779.2	+0.015%	$974K	$13.9M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,778.4	−0.012%	$32.7M	$78.0M	50x	as long as short
Kalshi KXETHPERP	+0.0122%	8h	2,780.7	+0.071%	$8.3M	$684.1M	4.9x	as long as short
Kraken Futures PF_ETHUSD	+0.0123%	1h	2,780	+0.044%	$86.6M	$334.0M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0138%	8h	2,781.5	+0.098%	$32.6M	$12.1M	100x	as long as short
BloFin ETH-USDT	+0.0190%	8h	2,780.6	+0.068%	$285.1M	$194.9M	150x	as long as short
Reya ETHRUSDPERP	+0.0199%	1h	2,779.1	+0.014%	$7.4M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0272%	1h	2,784.6	+0.213%	$271K	$1.5M	20x	as long as short