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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+0.0008%/8h= +0.9% APRnext payment +$0.08 per $10,000 · paid last 24h +0.007%
Price spread now: SunX against MEXC−0.034%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$3as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$130.132% of the position
Long on MEXCShort on SunX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.097%+$10 on $10k
Price spread, last 4 days (all we have)−0.033%−$3 · spread now −0.034%, 7d avg −0.016%
Together, before fees+0.065%+$6 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ETH_USDT2,730.40.0092pay 0.0092% / 8h1h 00m$1.54B$2.61B500x
ShortSunX ETH-USDT2,729.50.0100get 0.0100% / 8h1h 00m$956K$10.9M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
$1.68
Price spread: −0.034% → −0.016%
−$1.81
Slippage, 4 orders
−$3.22
Fee MEXC: 1 bp × 2 orders
−$2
Fee SunX: 4 bp × 2 orders
−$8
Net
−$13.35
Costs to cover
0.132%
Break-even
62.6 days
Slippage from MEXC: live order book, 4 min ago; SunX: live order book, 9 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 −$101.1 bp −$1133.3 bp −$1,628
Sell SunX live order book, 9 min ago1.48 bp5.7 bp −$66.0 bp −$608.3 bp −$826doesn't fit

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
Hotstuff ETH-PERP−0.0080%1h2,729.1−0.049%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,734.2+0.138%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,731.4+0.035%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,730−0.016%$812K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,729.6−0.031%$10.5M$42.8M50xas long as short
Kalshi KXETHPERP0.0000%8h2,730.6+0.006%$6.6M$682.3M4.9xas long as short
Perpl ETH0.0000%43m2,730.2−0.009%$288K$5.8M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,731.8+0.049%$262.5M$213.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,731.4+0.036%$33.0M—200xas long as short
ApeX Omni ETHUSDT+0.0014%1h2,732.5+0.076%$8.6M$31.5M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0022%8h2,730.2−0.009%—$1.10B—as long as short
01 Exchange ETHUSD+0.0024%1h2,730.6+0.006%$191K$890K50xas long as short
Bybit ETHUSDT+0.0026%8h2,730.1−0.014%$2.33B$4.38B150xas long as short
HTX ETH-USDT+0.0030%8h2,730.7+0.008%$1.05B$1.22B200xas long as short
KuCoin ETHUSDTM+0.0069%8h2,731+0.019%$385.8M$577.4M100xas long as short
SoDEX ETH-USD+0.0074%1h2,730.8+0.013%$54.4M$187.2M40xas long as short
OKX ETH-USDT-SWAP+0.0079%8h2,730.2−0.010%$1.65B$10.86B100xas long as short
Aster ETHUSDT+0.0080%8h2,730.2−0.010%$252.9M$847.5M200xas long as short
MEXC ETH_USDTlong+0.0092%8h2,730.4long leg$1.54B$2.61B500x
Bullet ETH-USD+0.0093%1h2,731+0.021%$187K$1.7M20xas long as short
Binance ETHUSDT+0.0093%8h2,730.7+0.011%$6.33B$16.12B150xas long as short
Phemex ETHUSDT+0.0094%8h2,731.1+0.023%$263.0M$64.4M150xas long as short
Lighter ETH+0.0096%1h2,731.4+0.034%$112.7M$440.0M50xas long as short
Lighter RH ETH+0.0096%1h2,732.7+0.082%$23.5M$103.6M50xas long as short
Aevo ETH-PERP+0.0096%1h2,728.1−0.086%$4.9M$174K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,730−0.016%$501K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,734.4+0.144%$15.4M$7.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,728.9−0.057%$14.1M$104.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,732.6+0.079%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,730−0.015%$32.0M$332.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,729.6−0.031%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,731.3+0.030%$1.5M$16.1M25xas long as short
Gate ETH_USDT+0.0100%8h2,730.40.000%$3.30B$9.06B200xas long as short
Bitget ETHUSDT+0.0100%8h2,730.3−0.005%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,730.5+0.003%$15.1M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,728−0.090%$134.0M$320.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,730.3−0.005%$185.6M$683.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,730.1−0.011%$158.7M$83.7M50xas long as short
StandX ETH-USD+0.0100%1h2,729.4−0.038%$21.0M$70.2M40xas long as short
Vest ETH-PERP+0.0100%1h2,731.8+0.050%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,732.2+0.064%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,731.1+0.023%$22K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,732.6+0.080%$40.9M$30.1M15xas long as short
SunX ETH-USDTshort+0.0100%8h2,729.5−0.034%$956K$10.9M100x
Bulk ETH-USD+0.0100%1h2,729−0.054%$162.7M$352.6M25xas long as short
Aftermath Perps ETHUSD+0.0101%1h2,731.8+0.050%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,729.9−0.019%$30.4M$72.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,729.4−0.037%—$30.5M500xas long as short
Hibachi ETH/USDT-P+0.0112%1h2,729.7−0.026%$243K$1.4M20xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,732+0.055%$46.5M$4.30B50xas long as short
RISEx ETH/USDC+0.0115%1h2,731.1+0.025%$5.6M$11.6M25xas long as short
Orderly PERP_ETH_USDC+0.0185%8h2,733.1+0.096%$32.2M$11.4M100xas long as short
Reya ETHRUSDPERP+0.0186%1h2,730−0.017%$7.3M$975K25xas long as short
Kraken Futures PF_ETHUSD+0.0211%1h2,731.2+0.029%$82.2M$309.8M100xas long as short
BloFin ETH-USDT+0.0222%8h2,729−0.055%$281.1M$177.2M150xas long as short