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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 04:00 UTC−0.0029%/8h= −3.1% APRpaid last 24h −0.004%
Price spread now: SoDEX against MEXC−0.007%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$110.105% of the position
Long on MEXCShort on SoDEX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.004%$0 on $10k
Price spread, last 4 days (all we have)−0.053%−$5 · spread now −0.007%, 7d avg −0.007%
Together, before fees−0.057%−$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.007%, 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_USDT2,729.60.0088pay 0.0088% / 8h4h 39m$1.52B$2.55B500x
ShortSoDEX ETH-USD2,729.40.0059get 0.0007% / 1h39m 57s$54.4M$187.6M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
−$6.02
Price spread: −0.007% → −0.007%
$0.03
Slippage, 4 orders
−$0.53
Fee MEXC: 1 bp × 2 orders
−$2
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$16.51
Costs to cover
0.105%
Break-even
never at this rate
Slippage from MEXC: live order book, 4 min ago; SoDEX: live order book, 4 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, 4 min ago0.02 bp1.0 bp −$11.0 bp −$101.4 bp −$1444.6 bp −$2,291
Sell SoDEX live order book, 4 min ago0.18 bp4.2 bp −$44.2 bp −$425.8 bp −$58034.9 bp −$17.4K

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−0.0447%43m2,731.9+0.083%$298K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,728.7−0.033%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,732.1+0.092%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,730.9+0.049%$11.9M—200xas long as short
ApeX Omni ETHUSDT−0.0005%1h2,729.9+0.010%$8.9M$31.3M100xas long as short
dYdX ETH-USD0.0000%1h2,731.3+0.062%$10.7M$41.7M50xas long as short
01 Exchange ETHUSD0.0000%1h2,731.8+0.081%$188K$842K50xas long as short
Phoenix ETH0.0000%1h2,728.8−0.029%$832K$2.9M25xas long as short
Bullet ETH-USD+0.0005%1h2,730.5+0.033%$180K$1.7M20xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,730.4+0.029%$26.5M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0059%8h2,729.3−0.011%—$18.4M—as long as short
SoDEX ETH-USDshort+0.0059%1h2,729.4−0.007%$54.4M$187.6M40x
KuCoin ETHUSDTM+0.0069%8h2,729.5−0.002%$380.2M$576.2M100xas long as short
OKX ETH-USDT-SWAP+0.0072%8h2,729.5−0.005%$1.67B$10.70B100xas long as short
HTX ETH-USDT+0.0078%8h2,728.3−0.049%$1.05B$1.20B200xas long as short
Aster ETHUSDT+0.0080%8h2,730.1+0.017%$251.4M$844.4M200xas long as short
Deribit ETH-PERPETUAL+0.0080%1h2,730.7+0.040%$260.1M$196.6M50xas long as short
Bybit ETHUSDT+0.0086%8h2,729.6−0.001%$2.39B$4.34B150xas long as short
MEXC ETH_USDTlong+0.0088%8h2,729.6long leg$1.52B$2.55B500x
Aevo ETH-PERP+0.0088%1h2,728.9−0.024%$4.9M$155K20xas long as short
Binance ETHUSDT+0.0088%8h2,730+0.015%$6.35B$15.86B150xas long as short
Lighter ETH+0.0096%1h2,729.3−0.010%$112.1M$436.0M50xas long as short
Lighter RH ETH+0.0096%1h2,730.4+0.031%$23.2M$105.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,732.2+0.096%—$30.6M500xas long as short
Phemex ETHUSDT+0.0097%8h2,729.8+0.007%$265.3M$65.5M150xas long as short
Paradex ETH-USD-PERP+0.0098%8h2,734.8+0.189%$15.6M$8.0M50xas long as short
RISEx ETH/USDC+0.0099%1h2,732.1+0.094%$5.6M$11.5M25xas long as short
Katana Perps ETH-USD+0.0100%8h2,731+0.052%$500K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,730.7+0.041%$13.8M$104.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,731.1+0.055%$3.10B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,732.8+0.117%$31.6M$333.8M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,731.7+0.077%$2.7M$17.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,732.2+0.096%$2.8M$16.2M25xas long as short
Gate ETH_USDT+0.0100%8h2,728.8−0.030%$3.34B$8.83B200xas long as short
Bitget ETHUSDT+0.0100%8h2,729.6+0.001%$2.07B$2.75B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,728.4−0.042%$15.0M$39.7M50xas long as short
Variational Omni ETH+0.0100%8h2,729.3−0.011%$133.2M$325.2M—as long as short
edgeX ETHUSDC+0.0100%4h2,730.8+0.044%$183.7M$669.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,730.7+0.039%$158.9M$86.4M50xas long as short
StandX ETH-USD+0.0100%1h2,729.7+0.004%$21.1M$69.2M40xas long as short
Vest ETH-PERP+0.0100%1h2,731.6+0.075%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,732.4+0.103%$11.2M$9.1M50xas long as short
Derive ETH-PERP+0.0100%1h2,731.7+0.077%$41.2M$29.7M15xas long as short
SunX ETH-USDT+0.0100%8h2,731.2+0.060%$957K$11.4M100xas long as short
Bulk ETH-USD+0.0100%1h2,730.9+0.048%$166.8M$318.0M25xas long as short
Extended ETH-USD+0.0104%1h2,728.8−0.028%$30.4M$72.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,731+0.050%$51.5M$4.26B50xas long as short
Aftermath Perps ETHUSD+0.0124%1h2,731.7+0.076%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0150%8h2,731.1+0.055%$6.5M$677.8M4.9xas long as short
Orderly PERP_ETH_USDC+0.0193%8h2,732.7+0.114%$32.1M$11.6M100xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,729.5−0.002%$84.1M$313.9M100xas long as short
Reya ETHRUSDPERP+0.0222%1h2,730+0.015%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,731.5+0.071%$253K$1.4M20xas long as short
Bluefin ETH-PERP+0.0312%1h2,730.8+0.044%$21K$20K25xas long as short
BloFin ETH-USDT+0.0354%8h2,730.3+0.025%$282.9M$174.9M150xas long as short