Settings8H · net · $10k
Funding arb · Price arb /

ETH

all ETH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0001%/8hnext payment $0.01 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Binance+0.004%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$120.121% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 7 days+0.003%$0 · spread now +0.004%, 7d avg −0.002%
Together, before fees+0.003%$0 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ETHUSDT2,758.70.0039pay 0.0039% / 8h4h 06m$6.57B$16.32B150x
ShortMEXC ETH_USDT2,758.80.0038get 0.0038% / 8h4h 06m$1.61B$2.48B500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Binance. 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
−$0.14
Price spread: +0.004% → −0.002%
$0.61
Slippage, 4 orders
−$0.07
Fee Binance: 5 bp × 2 orders
−$10
Fee MEXC: 1 bp × 2 orders
−$2
Net
−$11.6
Costs to cover
0.121%
Break-even
never at this rate
Slippage from Binance: live order book, 12 min ago; MEXC: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 12 min ago0.02 bp5.0 bp −$55.0 bp −$506.1 bp −$6058.6 bp −$4,299
Sell MEXC live order book, 2 min ago0.02 bp1.0 bp −$11.0 bp −$101.5 bp −$1515.3 bp −$2,645

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
Injective ETH/USDC PERP−0.0208%1h2,761.8+0.112%$119K$22.5M52xas long as short
Perpl ETH−0.0112%43m2,759.9+0.042%$269K$6.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,762+0.119%$5K$2K50xas long as short
SoDEX ETH-USD−0.0021%1h2,758.6−0.004%$55.6M$184.4M40xas long as short
Phoenix ETH−0.0003%1h2,762.9+0.152%$928K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,763.2+0.161%$13.5M$42.2M50xas long as short
Deribit ETH-PERPETUAL+0.0004%1h2,761.1+0.086%$258.3M$209.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,760.5+0.064%$22.3M200xas long as short
Bulk ETH-USD+0.0012%1h2,762.6+0.140%$165.0M$265.6M25xas long as short
OKX ETH-USDT-SWAP+0.0016%8h2,758.5−0.007%$1.73B$11.31B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni ETHUSDT+0.0018%1h2,761.7+0.108%$8.4M$28.8M100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0021% / S +0.0013%1h2,760.5+0.063%$12.3M200xas long as short
Bullet ETH-USD+0.0022%1h2,759.2+0.017%$194K$1.8M20xas long as short
01 Exchange ETHUSD+0.0024%1h2,761.9+0.116%$178K$1.2M50xas long as short
Phemex ETHUSDT+0.0032%8h2,759.1+0.015%$266.7M$64.5M150xas long as short
MEXC ETH_USDTshort+0.0038%8h2,758.8+0.004%$1.61B$2.48B500x
Binance ETHUSDTlong+0.0039%8h2,758.7long leg$6.57B$16.32B150x
Aevo ETH-PERP+0.0040%1h2,757.3−0.051%$5.0M$651K20xas long as short
RISEx ETH/USDC+0.0044%1h2,761.7+0.107%$5.8M$12.2M25xas long as short
Gate ETH_USDT+0.0051%8h2,758.9+0.007%$3.35B$9.26B200xas long as short
Aster ETHUSDT+0.0057%8h2,759.4+0.025%$268.1M$947.4M200xas long as short
Aftermath Perps ETHUSD+0.0071%1h2,763.3+0.166%$29K$20K20xas long as short
Bitget ETHUSDT+0.0073%8h2,758.8+0.001%$2.09B$3.00B150xas long as short
Variational Omni ETH+0.0092%8h2,760.4+0.060%$139.7M$304.4Mas long as short
Lighter ETH+0.0096%1h2,759.5+0.029%$115.1M$498.7M50xas long as short
Lighter RH ETH+0.0096%1h2,760.7+0.073%$25.5M$122.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,761.8+0.111%$44.1M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,765.4+0.243%$15.8M$10.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,762.7+0.145%$481K$2.6M50xas long as short
Nado ETH-PERP+0.0100%1h2,761+0.084%$17.3M$112.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,761.5+0.101%$3.23B$2.21B25xas long as short
Pacifica ETH+0.0100%1h2,761.5+0.101%$31.2M$265.1M50xas long as short
Bybit ETHUSDT+0.0100%8h2,759.2+0.016%$2.52B$4.43B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,760.8+0.076%$2.9M$15.4M25xas long as short
Arcus ETH-USD+0.0100%1h2,762.4+0.135%$2.9M$16.9M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,758.9+0.008%$415.0M$711.2M100xas long as short
BingX ETH-USDT+0.0100%8h2,758.6−0.003%$1.15Bas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,759+0.009%$15.3M$41.9M50xas long as short
edgeX ETHUSDC+0.0100%4h2,761.2+0.091%$179.7M$749.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,761.6+0.104%$160.6M$95.7M50xas long as short
StandX ETH-USD+0.0100%1h2,762.1+0.123%$21.3M$56.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,761+0.084%$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,762+0.119%$11.3M$7.1M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,760.5+0.065%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,762.2+0.127%$42.8M$29.2M15xas long as short
SunX ETH-USDT+0.0100%8h2,761.3+0.095%$969K$14.2M100xas long as short
HTX ETH-USDT+0.0100%8h2,758.3−0.014%$1.08B$1.24B200xas long as short
Extended ETH-USD+0.0104%1h2,758.7+0.001%$31.5M$75.6M50xas long as short
Orderly PERP_ETH_USDC+0.0112%8h2,762+0.119%$32.4M$11.1M100xas long as short
Kalshi KXETHPERP+0.0127%8h2,762.3+0.130%$8.5M$643.1M4.9xas long as short
Coinbase International ETH-PERP-INTX+0.0128%1h2,760.7+0.070%$59.5M$4.56B50xas long as short
Hibachi ETH/USDT-P+0.0152%1h2,763.6+0.177%$278K$1.5M20xas long as short
BloFin ETH-USDT+0.0154%8h2,762.2+0.125%$292.7M$186.8M150xas long as short
Kraken Futures PF_ETHUSD+0.0163%1h2,760.1+0.051%$85.2M$322.2M100xas long as short
Reya ETHRUSDPERP+0.0226%1h2,758.9+0.008%$7.5M$936K25xas long as short