Settings8H · net · $10k
Funding arb · Price arb /

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.028%
Price spread now: Reya against MEXC−0.033%7-day average −0.026% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.071%+$7 on $10k
Price spread, last 7 days0.000%$0 · spread now −0.033%, 7d avg −0.026%
Together, before fees+0.071%+ Points / potential airdropReya: Active · farm board+$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.026%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ETH_USDT2,734.90.0100pay 0.0100% / 8h2h 01m$1.53B$2.62B500x
ShortReya ETHRUSDPERP2,7340.0196get 0.0025% / 1h1m 19s$7.3M$1.1M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya 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
$20.17
Price spread: −0.033% → −0.026%
−$0.74
Slippage, 4 orders
no order book: not counted
Fee MEXC: 1 bp × 2 orders
−$2
Fee Reya: 3 bp × 2 orders
−$6
Net
$11.43
Costs to cover
0.080%
Break-even
3.0 days
Slippage unknown: MEXC: live order book, 3 min ago; Reya: no order-book sample. Net counts fees only.

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 −$11.0 bp −$101.1 bp −$1123.6 bp −$1,804
Sell Reya no order-book sample
Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0112%43m2,735+0.004%$291K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,736.5+0.059%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,735.2+0.011%$12.0M200xas long as short
Phoenix ETH−0.0009%1h2,736+0.041%$817K$3.0M25xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,736+0.040%$259.6M$210.3M50xas long as short
dYdX ETH-USD+0.0005%1h2,736+0.042%$10.5M$42.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,735.3+0.013%$33.0M200xas long as short
Injective ETH/USDC PERP+0.0009%1h2,735.4+0.019%$117K$22.5M52xas long as short
HTX ETH-USDT+0.0011%8h2,735+0.004%$1.05B$1.22B200xas long as short
BingX ETH-USDT+0.0035%8h2,734.8−0.002%$1.12Bas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0044%8h2,734.7−0.006%$2.35B$4.42B150xas long as short
01 Exchange ETHUSD+0.0048%1h2,735.6+0.026%$191K$883K50xas long as short
KuCoin ETHUSDTM+0.0080%8h2,735+0.005%$375.6M$577.9M100xas long as short
Aftermath Perps ETHUSD+0.0083%1h2,735.8+0.032%$30K$20K20xas long as short
Bullet ETH-USD+0.0083%1h2,734.9−0.001%$183K$1.7M20xas long as short
SunX ETH-USDT+0.0095%8h2,734.8−0.003%$958K$11.1M100xas long as short
Lighter ETH+0.0096%1h2,735.8+0.032%$112.6M$438.4M50xas long as short
Lighter RH ETH+0.0096%1h2,737.1+0.081%$23.5M$104.3M50xas long as short
Aevo ETH-PERP+0.0096%1h2,732.5−0.087%$4.9M$159K20xas long as short
OKX ETH-USDT-SWAP+0.0097%8h2,734.9−0.001%$1.66B$10.94B100xas long as short
Aster ETHUSDT+0.0098%8h2,734.9+0.001%$253.4M$848.6M200xas long as short
Katana Perps ETH-USD+0.0100%8h2,734.90.000%$509K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,739.6+0.174%$15.3M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,734.5−0.014%$14.2M$105.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,737.1+0.081%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,735.9+0.038%$32.0M$334.3M50xas long as short
Binance ETHUSDT+0.0100%8h2,734.90.000%$6.34B$16.16B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,734.7−0.007%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,735.4+0.018%$1.5M$16.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,735+0.003%$163.2M$327.7M25xas long as short
Gate ETH_USDT+0.0100%8h2,734.90.000%$3.29B$9.10B200xas long as short
MEXC ETH_USDTlong+0.0100%8h2,734.9long leg$1.53B$2.62B500x
Bitget ETHUSDT+0.0100%8h2,735+0.003%$2.09B$2.79B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,735.5+0.021%$15.1M$42.6M50xas long as short
Variational Omni ETH+0.0100%8h2,737.1+0.082%$135.0M$326.3Mas long as short
edgeX ETHUSDC+0.0100%4h2,734.6−0.009%$185.5M$682.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,735.5+0.023%$159.1M$87.6M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,736.5+0.059%$8.7M$31.5M100xas long as short
StandX ETH-USD+0.0100%1h2,736+0.041%$21.0M$70.2M40xas long as short
Vest ETH-PERP+0.0100%1h2,736.3+0.053%$879K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,736+0.041%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,735.8+0.032%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,736.6+0.064%$41.0M$30.2M15xas long as short
SoDEX ETH-USD+0.0100%1h2,735.2+0.011%$54.5M$187.5M40xas long as short
Phemex ETHUSDT+0.0100%8h2,735.7+0.031%$263.8M$65.2M150xas long as short
Extended ETH-USD+0.0104%1h2,733.7−0.043%$30.3M$74.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,735.8+0.032%$31.3M500xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,736.7+0.066%$50.3M$4.33B50xas long as short
RISEx ETH/USDC+0.0108%1h2,735.6+0.025%$5.6M$11.8M25xas long as short
Kalshi KXETHPERP+0.0130%8h2,735.7+0.030%$6.9M$693.1M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0175%1h2,736+0.042%$83.6M$311.5M100xas long as short
Orderly PERP_ETH_USDC+0.0187%8h2,737.4+0.091%$32.2M$11.6M100xas long as short
Reya ETHRUSDPERPshort+0.0196%1h2,734−0.033%$7.3M$1.1M25x
Hibachi ETH/USDT-P+0.0288%1h2,736.2+0.048%$249K$1.4M20xas long as short
BloFin ETH-USDT+0.0400%8h2,735.6+0.024%$280.0M$175.3M150xas long as short