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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 00:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.30 per $10,000 · paid last 24h −0.004%
Price spread now: MEXC against Variational Omni−0.140%7-day average −0.007% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on MEXC
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.016%−$2 on $10k
Price spread, last 7 days+0.153%+$15 · spread now −0.140%, 7d avg −0.007%
Together, before fees+0.138%+ Points / potential airdropVariational Omni: Active · farm board+$14 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.133% cheaper against Variational Omni than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.007%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ETH2,783.30.0100pay 0.0100% / 8h42m 37s$147.8M$336.8M—
ShortMEXC ETH_USDT2,779.40.0070get 0.0070% / 8h42m 37s$1.60B$2.64B500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Variational Omni. 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
−$6.3
Price spread: −0.140% → −0.007%
−$13.33
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee MEXC: 1 bp × 2 orders
−$2
Net
−$21.63
Costs to cover
0.020%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; MEXC: live order book, 2 min ago. 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 Variational Omni RFQ quote, 2 min ago0.50 bpdoesn't fit0.5 bp −$53.4 bp −$341doesn't fit
Sell MEXC live order book, 2 min ago0.02 bp1.0 bp −$11.0 bp −$101.1 bp −$1103.4 bp −$1,696

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%43m2,784.2+0.032%$287K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,779.3−0.141%$5.7M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,781.9−0.049%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,780−0.117%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0043%1h2,784.9+0.057%$8.9M$32.9M100xas long as short
01 Exchange ETHUSD−0.0016%1h2,779.9−0.121%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0007%1h2,783.7+0.015%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,780.7−0.092%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,783.8+0.019%$881K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,783.4+0.003%$22.5M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0016%8h2,779.6−0.133%—$1.21B—as long as short
OKX ETH-USDT-SWAP+0.0021%8h2,779.2−0.146%$1.70B$11.92B100xas long as short
Phemex ETHUSDT+0.0024%8h2,781.5−0.065%$271.1M$68.9M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,783.2−0.004%$12.9M—200xas long as short
Aster ETHUSDT+0.0042%8h2,780.2−0.112%$257.4M$1.00B200xas long as short
Bullet ETH-USD+0.0061%1h2,782.5−0.028%$183K$1.7M20xas long as short
Bitget ETHUSDT+0.0067%8h2,779.5−0.136%$2.10B$3.11B150xas long as short
Binance ETHUSDT+0.0069%8h2,779.6−0.133%$6.46B$17.32B150xas long as short
Gate ETH_USDT+0.0070%8h2,779.5−0.137%$3.30B$9.62B200xas long as short
MEXC ETH_USDTshort+0.0070%8h2,779.4−0.140%$1.60B$2.64B500x
Aevo ETH-PERP+0.0072%1h2,780.1−0.113%$5.0M$636K20xas long as short
SoDEX ETH-USD+0.0073%1h2,780.7−0.092%$55.4M$229.1M40xas long as short
KuCoin ETHUSDTM+0.0088%8h2,779.9−0.121%$423.0M$740.2M100xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,781.8−0.053%$60.2M$4.62B50xas long as short
Bybit ETHUSDT+0.0091%8h2,779.6−0.132%$2.52B$4.64B150xas long as short
HTX ETH-USDT+0.0093%8h2,782.1−0.041%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,780.1−0.113%$116.1M$496.8M50xas long as short
Lighter RH ETH+0.0096%1h2,781.6−0.060%$25.5M$121.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,783.1−0.006%—$42.0M500xas long as short
Vest ETH-PERP+0.0096%1h2,783.6+0.014%—$1.1M50xas long as short
Nado ETH-PERP+0.0098%1h2,782.5−0.027%$14.4M$118.2M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,779.2−0.146%$16.0M$10.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,779.8−0.125%$478K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,781.8−0.053%$3.20B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,780−0.116%$31.3M$309.3M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,779.7−0.128%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,780.8−0.089%$2.8M$17.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,784.2+0.034%$168.3M$253.1M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,781.1−0.079%$15.1M$44.2M50xas long as short
Variational Omni ETHlong+0.0100%8h2,783.3long leg$147.8M$336.8M—
edgeX ETHUSDC+0.0100%4h2,784.6+0.049%$183.5M$784.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,784.3+0.038%$161.9M$89.7M50xas long as short
StandX ETH-USD+0.0100%1h2,784+0.026%$21.5M$58.4M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,783.8+0.019%$10.8M$7.9M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,782.7−0.021%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,783.7+0.014%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,780.3−0.108%$974K$13.9M100xas long as short
Extended ETH-USD+0.0104%1h2,778.9−0.158%$32.7M$77.8M50xas long as short
Deribit ETH-PERPETUAL+0.0113%1h2,782.7−0.021%$258.9M$223.1M50xas long as short
Kalshi KXETHPERP+0.0122%8h2,784.3+0.037%$8.4M$684.0M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0122%1h2,781.9−0.051%$86.7M$333.9M100xas long as short
Orderly PERP_ETH_USDC+0.0137%8h2,784.1+0.028%$32.7M$12.1M100xas long as short
BloFin ETH-USDT+0.0190%8h2,780.6−0.095%$285.1M$194.9M150xas long as short
Reya ETHRUSDPERP+0.0199%1h2,782.6−0.025%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0272%1h2,784.6+0.050%$271K$1.5M20xas long as short