Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.007%
Price spread now: Polymarket Perps against MEXC−0.100%7-day average +0.105% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$340.343% of the position
Funding, last 7 days−0.040%−$4 on $10k
+Price spread, last 4 days (all we have)−0.083%−$8 · spread now −0.100%, 7d avg +0.105%
=Funding pays, the price is against you. Polymarket Perps is 0.204% cheaper against MEXC than usual: you would sell low and buy high (spread −0.100% now, against its 7-day average of +0.105%). If the spread goes back, that is −$20 on $10k: about 14 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC ETHFI_USDT | 0.7035 | 0.0050 | pay 0.0025% / 4h | 3h 21m | $15.9M | $4.1M | 125x |
| Short | Polymarket Perps ETHFI-USD | 0.7028 | 0.0100 | get 0.0013% / 1h | 21m 49s | $65K | $125K | 5x |
MEXC ETHFI_USDT
Polymarket Perps ETHFI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against MEXC. 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
- $10.5
- Price spread: −0.100% → +0.105%
- −$20.42
- Slippage, 4 orders
- −$22.34
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$44.26
- Costs to cover
- 0.343%
- Break-even
- 36.5 days
Slippage from MEXC: live order book, 2 min ago; Polymarket Perps: live order book, 61 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 MEXC live order book, 2 min ago | 0.71 bp | 7.1 bp −$7 | 14.2 bp −$142 | 59.3 bp −$5,931 | 181.3 bp −$90.7K |
| Sell Polymarket Perps live order book, 61 min ago | 3.67 bp | 14.2 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.0319% | 1h | 0.7031 | −0.057% | $40K | $11K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0305% | 1h | 0.7028 | −0.094% | $260K | $213K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0248% | 4h | 0.7026 | −0.128% | $16K | $1K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0228% | 4h | 0.7027 | −0.114% | $82K | $194K | 20x | as long as short |
| Bybit ETHFIUSDT | −0.0209% | 4h | 0.7035 | 0.000% | $17.5M | $12.6M | 25x | as long as short |
| Variational Omni ETHFI | +0.0012% | 4h | 0.7038 | +0.038% | $982K | $703K | — | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +2.914% | $321 | $51K | 5.5x | as long as short |
| Extended ETHFI-USD | +0.0048% | 1h | 0.7021 | −0.199% | $95K | $374K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0048% | 4h | 0.7037 | +0.030% | $24.4M | $34.9M | 75x | as long as short |
| MEXC ETHFI_USDTlong | +0.0050% | 4h | 0.7035 | long leg | $15.9M | $4.1M | 125x |
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
Orderly PERP_ETHFI_USDC
HTX ETHFI-USDT
Bybit ETHFIUSDT
Variational Omni ETHFI
Injective ETHFI/USDC PERP
Extended ETHFI-USD
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex ETHFI-USD-PERP | +0.0072% | 8h | 0.7017 | −0.257% | $6K | — | 5x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7037 | +0.033% | $1.1M | $841K | 5x | as long as short |
| Aevo ETHFI-PERP | +0.0096% | 1h | 0.7025 | −0.142% | $8K | — | 3x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7031 | −0.060% | $17.5M | $7.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7044 | +0.132% | $180K | $229K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7042 | +0.100% | $5.1M | $12.3M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7037 | +0.028% | $1.7M | $1.9M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7024 | −0.156% | $1.2M | $227K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7034 | −0.014% | $6.0M | $5.2M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7037 | +0.028% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USDshort | +0.0100% | 1h | 0.7028 | −0.100% | $65K | $125K | 5x | |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7036 | +0.014% | $1K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0201% | 4h | 0.7028 | −0.100% | $1.2M | $242K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0544% | 1h | 0.7054 | +0.270% | $31K | $6K | 50x | as long as short |
Paradex ETHFI-USD-PERP
Lighter ETHFI
Aevo ETHFI-PERP
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX