Funding you earn now, next payment 08:00 UTC−0.0029%/8h= −3.2% APRpaid last 24h +0.032%
Price spread now: MEXC against Paradex+0.031%46s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. MEXC is 0.031% dearer against Paradex than usual: you sell high and buy low (spread +0.031% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.5 days. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex ETHFI-USD-PERP | 0.7045 | 0.0001 | pay 0.0001% / 8h | 2h 05m | $6K | — | 5x |
| Short | MEXC ETHFI_USDT | 0.7047 | −0.0028 | pay 0.0014% / 4h | 2h 05m | $15.7M | $4.2M | 125x |
Paradex ETHFI-USD-PERP
MEXC ETHFI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Paradex. 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
- −$6.04
- Price spread: +0.031% → 0.000%
- $3.06
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$10.98
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; MEXC: live order book, 3 min ago. Net counts fees only.
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 Paradex no order-book sample | — | — | — | — | — |
| Sell MEXC live order book, 3 min ago | 1.42 bp | 6.9 bp −$7 | 17.4 bp −$174 | 69.6 bp −$6,963 | 186.1 bp −$93.0K |
Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ETHFIUSD | −0.0405% | 1h | 0.7064 | +0.275% | $290K | $286K | 20x | as long as short |
| HTX ETHFI-USDT | −0.0315% | 4h | 0.7034 | −0.154% | $82K | $171K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0261% | 4h | 0.7050 | +0.073% | $16K | $1K | 10x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0175% | 1h | 0.7054 | +0.130% | $41K | $11K | 10x | as long as short |
| Variational Omni ETHFI | −0.0147% | 4h | 0.7038 | −0.093% | $934K | $782K | — | as long as short |
| Bybit ETHFIUSDT | −0.0127% | 4h | 0.7053 | +0.116% | $17.6M | $13.0M | 25x | as long as short |
| Extended ETHFI-USD | −0.0032% | 1h | 0.7049 | +0.059% | $97K | $504K | 10x | as long as short |
| Binance ETHFIUSDT | −0.0029% | 4h | 0.7050 | +0.070% | $24.5M | $35.8M | 75x | as long as short |
| MEXC ETHFI_USDTshort | −0.0028% | 4h | 0.7047 | +0.031% | $15.7M | $4.2M | 125x | |
| Paradex ETHFI-USD-PERPlong | +0.0001% | 8h | 0.7045 | long leg | $6K | — | 5x |
Kraken Futures PF_ETHFIUSD
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Deribit ETHFI_USDC-PERPETUAL
Variational Omni ETHFI
Bybit ETHFIUSDT
Extended ETHFI-USD
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +2.770% | $321 | $51K | 5.5x | as long as short |
| Aevo ETHFI-PERP | +0.0072% | 1h | 0.7047 | +0.038% | $8K | — | 3x | as long as short |
| Aster ETHFIUSDT | +0.0082% | 4h | 0.7052 | +0.107% | $180K | $261K | 10x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7055 | +0.140% | $1.1M | $831K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7055 | +0.141% | $17.1M | $8.5M | 5x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7052 | +0.102% | $5.2M | $12.8M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7055 | +0.144% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7048 | +0.045% | $1.2M | $228K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7049 | +0.059% | $6.1M | $5.0M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7053 | +0.116% | — | $8.9M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7053 | +0.113% | $64K | $127K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7054 | +0.130% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0211% | 4h | 0.7033 | −0.168% | $1.2M | $242K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0376% | 1h | 0.7066 | +0.300% | $32K | $6K | 50x | as long as short |
Injective ETHFI/USDC PERP
Aevo ETHFI-PERP
Aster ETHFIUSDT
Lighter ETHFI
Hyperliquid ETHFI
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX