ETHFI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.32 per $10,000 · paid last 24h +0.015%

Price spread now: MEXC against Bitget+0.014%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$430.430% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 7 days−0.056%−$6 · spread now +0.014%, 7d avg −0.015%

Together, before fees−0.023%−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.029% dearer against Bitget than usual: you sell high and buy low (spread +0.014% now, against its 7-day average of −0.015%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 36 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ETHFIUSDT	0.7185	0.0100	pay 0.0050% / 4h	27m 07s	$6.1M	$5.7M	75x
Short	MEXC ETHFI_USDT	0.7186	0.0036	get 0.0018% / 4h	27m 07s	$15.2M	$3.8M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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

Position, each leg$Hold fordaysFee BitgetbpFee MEXCbpOrdersPrice spread, now +0.014%Rate

Funding earned: −$13.44
Price spread: +0.014% → −0.015%: $2.9
Slippage, 4 orders: −$27.01
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$53.55
Costs to cover: 0.430%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; MEXC: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 1 min ago	1.39 bp	17.5 bp −$18	26.4 bp −$264	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.70 bp	2.8 bp −$3	15.7 bp −$157	72.6 bp −$7,263	188.9 bp −$94.5K

ETHFI on 24 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ETHFI_USDC-PERPETUAL	−0.0446%	1h	0.7184	−0.014%	$42K	$18K	10x	as long as short
HTX ETHFI-USDT	−0.0348%	4h	0.7176	−0.125%	$83K	$164K	20x	as long as short
Orderly PERP_ETHFI_USDC	−0.0188%	4h	0.7182	−0.042%	$16K	$1K	10x	as long as short
Paradex ETHFI-USD-PERP	+0.0015%	8h	0.7185	−0.004%	$6K	—	5x	as long as short
Injective ETHFI/USDC PERP	+0.0033%	1h	0.7240	+0.765%	$321	$51K	5.5x	as long as short
MEXC ETHFI_USDTshort	+0.0036%	4h	0.7186	+0.014%	$15.2M	$3.8M	125x
Binance ETHFIUSDT	+0.0036%	4h	0.7186	+0.014%	$25.0M	$37.3M	75x	as long as short
Extended ETHFI-USD	+0.0040%	1h	0.7181	−0.060%	$93K	$492K	10x	as long as short
Aster ETHFIUSDT	+0.0068%	4h	0.7187	+0.034%	$184K	$259K	10x	as long as short
Aevo ETHFI-PERP	+0.0088%	1h	0.7180	−0.070%	$9K	—	3x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter ETHFI	+0.0096%	1h	0.7196	+0.146%	$1.1M	$897K	5x	as long as short
Hyperliquid ETHFI	+0.0100%	1h	0.7200	+0.203%	$18.2M	$8.9M	5x	as long as short
Bybit ETHFIUSDT	+0.0100%	4h	0.7186	+0.014%	$18.2M	$13.1M	25x	as long as short
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.7191	+0.084%	$5.0M	$12.6M	20x	as long as short
Gate ETHFI_USDT	+0.0100%	4h	0.7191	+0.084%	$1.7M	$2.1M	75x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	0.7184	−0.014%	$1.2M	$270K	50x	as long as short
Bitget ETHFIUSDTlong	+0.0100%	4h	0.7185	long leg	$6.1M	$5.7M	75x
BingX ETHFI-USDC	+0.0100%	4h	0.7189	+0.056%	—	$1.2M	—	as long as short
Variational Omni ETHFI	+0.0100%	4h	0.7193	+0.107%	$1.1M	$738K	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	0.7190	+0.068%	$60K	$94K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.7188	+0.042%	$1K	$1.1M	20x	as long as short
BloFin ETHFI-USDT	+0.0145%	4h	0.7187	+0.028%	$1.3M	$288K	75x	as long as short
Coinbase International ETHFI-PERP-INTX	+0.0216%	1h	0.7237	+0.724%	$32K	$6K	50x	as long as short
Kraken Futures PF_ETHFIUSD	+0.0550%	1h	0.7197	+0.170%	$277K	$161K	20x	as long as short