Funding you earn now, next payment 12:00 UTC−0.0093%/8h= −10.2% APRnext payment −$0.46 per $10,000 · paid last 24h −0.063%
Price spread now: MEXC against BloFin−0.058%7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$350.348% of the position
Funding, last 7 days−0.474%−$47 on $10k
+Price spread, last 4 days (all we have)+0.135%+$13 · spread now −0.058%, 7d avg +0.004%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and MEXC is 0.062% cheaper against BloFin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.004%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ETHFI-USDT | 0.6954 | 0.0119 | pay 0.0059% / 4h | 1h 48m | $1.2M | $233K | 75x |
| Short | MEXC ETHFI_USDT | 0.6950 | 0.0026 | get 0.0013% / 4h | 1h 48m | $15.6M | $4.0M | 125x |
BloFin ETHFI-USDT
MEXC ETHFI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$19.5
- Price spread: −0.058% → +0.004%
- −$6.2
- Slippage, 4 orders
- −$18.81
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$60.51
- Costs to cover
- 0.348%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 2 min ago; MEXC: live order book, 3 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 BloFin live order book, 2 min ago | 0.72 bp | 12.0 bp −$12 | 28.2 bp −$282 | 94.2 bp −$9,420 | doesn't fit |
| Sell MEXC live order book, 3 min ago | 1.44 bp | 7.1 bp −$7 | 17.0 bp −$170 | 72.0 bp −$7,198 | 185.3 bp −$92.6K |
ETHFI on 24 exchanges
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 | −0.0612% | 1h | 0.6954 | 0.000% | $42K | $13K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0311% | 4h | 0.6951 | −0.043% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0189% | 4h | 0.6962 | +0.111% | $928K | $704K | — | as long as short |
| Paradex ETHFI-USD-PERP | −0.0039% | 8h | 0.6947 | −0.102% | $6K | — | 5x | as long as short |
| HTX ETHFI-USDT | +0.0013% | 4h | 0.6949 | −0.072% | $83K | $133K | 20x | as long as short |
| Bybit ETHFIUSDT | +0.0024% | 4h | 0.6949 | −0.072% | $17.1M | $11.8M | 25x | as long as short |
| Binance ETHFIUSDT | +0.0024% | 4h | 0.6946 | −0.109% | $24.4M | $32.0M | 75x | as long as short |
| Extended ETHFI-USD | +0.0024% | 1h | 0.6947 | −0.105% | $110K | $499K | 10x | as long as short |
| MEXC ETHFI_USDTshort | +0.0026% | 4h | 0.6950 | −0.058% | $15.6M | $4.0M | 125x | |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +4.113% | $321 | $51K | 5.5x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Paradex ETHFI-USD-PERP
HTX ETHFI-USDT
Bybit ETHFIUSDT
Binance ETHFIUSDT
Extended ETHFI-USD
Injective ETHFI/USDC PERPShow all 24 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.6950 | −0.058% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.6960 | +0.089% | $1.1M | $726K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6954 | +0.001% | $16.7M | $8.0M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.6958 | +0.054% | $178K | $162K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6954 | 0.000% | $5.1M | $12.1M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6953 | −0.014% | $1.7M | $1.7M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.6949 | −0.072% | $1.2M | $180K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6952 | −0.029% | $6.2M | $3.7M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.6953 | −0.014% | — | $11.5M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6957 | +0.037% | $52K | $148K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6960 | +0.086% | $2K | $1.0M | 20x | as long as short |
| BloFin ETHFI-USDTlong | +0.0119% | 4h | 0.6954 | long leg | $1.2M | $233K | 75x | |
| Coinbase International ETHFI-PERP-INTX | +0.0320% | 1h | 0.7040 | +1.237% | $32K | $5K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0575% | 1h | 0.6973 | +0.268% | $303K | $298K | 20x | as long as short |
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD