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Funding arb · Price arb /

ETH

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Alert: spread
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Funding you earn now, next payment 01:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.005%
Price spread now: 01 Exchange against MEXC+0.029%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$180.183% of the position
Long on MEXCShort on 01 Exchange
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.041%−$4 on $10k
Price spread, last 4 days (all we have)−0.017%−$2 · spread now +0.029%, 7d avg +0.027%
Together, before fees−0.059%−$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.027%, 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_USDT2,772.90.0056pay 0.0056% / 8h7h 27m$1.62B$2.63B500x
Short01 Exchange ETHUSD2,773.7−0.0040pay 0.0005% / 1h27m 07s$168K$1.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$20.16
Price spread: +0.029% → +0.027%
$0.21
Slippage, 4 orders
−$9.32
Fee MEXC: 1 bp × 2 orders
−$2
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$38.27
Costs to cover
0.183%
Break-even
never at this rate
Slippage from MEXC: live order book, 2 min ago; 01 Exchange: live order book, 2 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, 2 min ago0.02 bp1.0 bp −$11.0 bp −$101.3 bp −$1353.8 bp −$1,880
Sell 01 Exchange live order book, 2 min ago0.18 bp8.6 bp −$912.4 bp −$124doesn't fitdoesn'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
Injective ETH/USDC PERP−0.0752%1h2,776.9+0.145%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,772.7−0.007%$5.7M$11.1M25xas long as short
Perpl ETH−0.0112%43m2,772.5−0.014%$321K$6.3M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,773.2+0.011%$5K$1K50xas long as short
01 Exchange ETHUSDshort−0.0040%1h2,773.7+0.029%$168K$1.1M50x
Phemex ETHUSDT−0.0029%8h2,773.6+0.024%$269.9M$67.5M150xas long as short
Phoenix ETH−0.0003%1h2,773.7+0.029%$879K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,773.2+0.011%$12.2M$45.7M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,773.4+0.019%$22.4M—200xas long as short
Bullet ETH-USD+0.0023%1h2,772.8−0.002%$185K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0026%8h2,773.1+0.006%$1.71B$11.18B100xas long as short
SoDEX ETH-USD+0.0036%1h2,772.8−0.003%$55.2M$188.0M40xas long as short
GMX ETH/USD [ETH-USDC]L +0.0043% / S −0.0009%1h2,773.3+0.014%$12.7M—200xas long as short
Aster ETHUSDT+0.0045%8h2,773.2+0.012%$256.8M$885.5M200xas long as short
MEXC ETH_USDTlong+0.0056%8h2,772.9long leg$1.62B$2.63B500x
Aevo ETH-PERP+0.0056%1h2,770.5−0.084%$5.0M$167K20xas long as short
Binance ETHUSDT+0.0058%8h2,772.6−0.010%$6.49B$16.31B150xas long as short
Aftermath Perps ETHUSD+0.0067%1h2,772.6−0.012%$31K$21K20xas long as short
Bitget ETHUSDT+0.0072%8h2,773.3+0.014%$2.10B$2.87B150xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,774.4+0.056%$60.3M$4.44B50xas long as short
ApeX Omni ETHUSDT+0.0080%1h2,769.8−0.110%$8.7M$32.2M100xas long as short
Gate ETH_USDT+0.0082%8h2,773.2+0.012%$3.37B$9.01B200xas long as short
Vest ETH-PERP+0.0082%1h2,773.6+0.025%—$876K50xas long as short
KuCoin ETHUSDTM+0.0084%8h2,773.1+0.006%$420.2M$626.6M100xas long as short
Lighter ETH+0.0096%1h2,773.4+0.019%$115.3M$457.9M50xas long as short
Lighter RH ETH+0.0096%1h2,774.7+0.065%$25.7M$111.5M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,776.8+0.141%$16.0M$8.7M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,773+0.004%$485K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,773.7+0.028%$14.7M$114.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,775.3+0.087%$3.18B$2.24B25xas long as short
Pacifica ETH+0.0100%1h2,773+0.004%$31.2M$325.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,773.3+0.014%$2.51B$4.37B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,772.5−0.014%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,773.4+0.017%$2.8M$16.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,772.8−0.001%$170.3M$276.6M25xas long as short
BingX ETH-USDC+0.0100%8h2,772.8−0.002%—$17.3M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,773.3+0.014%$15.2M$42.0M50xas long as short
Variational Omni ETH+0.0100%8h2,770.6−0.083%$140.2M$345.2M—as long as short
edgeX ETHUSDC+0.0100%4h2,769.9−0.107%$181.9M$783.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,770.9−0.071%$161.1M$84.5M50xas long as short
StandX ETH-USD+0.0100%1h2,773.1+0.008%$21.4M$63.7M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,773.5+0.022%$10.5M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,773.8+0.031%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,774.9+0.074%$42.7M$28.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,772.3−0.021%$972K$13.2M100xas long as short
HTX ETH-USDT+0.0100%8h2,773.4+0.017%$1.08B$1.25B200xas long as short
Extended ETH-USD+0.0104%1h2,772.5−0.014%$31.0M$74.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,774.3+0.050%—$36.9M500xas long as short
Deribit ETH-PERPETUAL+0.0107%1h2,774.5+0.057%$259.1M$206.3M50xas long as short
Kalshi KXETHPERP+0.0111%8h2,773.7+0.029%$8.0M$681.0M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,774.3+0.051%$96.0M$319.3M100xas long as short
Hibachi ETH/USDT-P+0.0144%1h2,775+0.078%$253K$1.5M20xas long as short
Orderly PERP_ETH_USDC+0.0151%8h2,775.6+0.097%$32.7M$11.2M100xas long as short
BloFin ETH-USDT+0.0178%8h2,772.90.000%$288.1M$182.1M150xas long as short
Reya ETHRUSDPERP+0.0211%1h2,773.5+0.021%$7.4M$1.2M25xas long as short