ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0249%/8h= +27.3% APRnext payment +$2.49 per $10,000 · paid last 24h −0.019%

Price spread now: MEXC against BloFin−0.039%94s7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$140.141% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.222%−$22 on $10k

Price spread, last 4 days (all we have)+0.228%+$23 · spread now −0.039%, 7d avg +0.003%

Together, before fees+0.006%+$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.041% cheaper against BloFin than usual: you would sell low and buy high (spread −0.039% now, against its 7-day average of +0.003%). If the spread goes back, that is −$4 on $10k: about 13 hours of funding at the current rate (+$7 a day). Mind the row above: over the last 7 days funding on this pair cost −0.222%, so the current rate has only just turned in your favour. The two prices were read 94 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	BloFin ETH-USDT	2,723.9	−0.0166	get 0.0166% / 8h	7h 29m	$279.9M	$176.3M	150x
Short	MEXC ETH_USDT	2,722.8	0.0083	get 0.0083% / 8h	7h 29m	$1.58B	$2.56B	500x

Funding 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 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 BloFinbpFee MEXCbpOrdersPrice spread, now −0.039%Rate

Funding earned: $52.33
Price spread: −0.039% → +0.003%: −$4.13
Slippage, 4 orders: −$0.07
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 1 bp × 2 orders: −$2
Net: $34.12
Costs to cover: 0.141%
Break-even: 2.4 days

Slippage from BloFin: live order book, 4 min ago; MEXC: live order book, 4 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, 4 min ago	0.02 bp	6.0 bp −$6	6.0 bp −$60	6.1 bp −$612	8.4 bp −$4,184
Sell MEXC live order book, 4 min ago	0.02 bp	1.0 bp −$1	1.2 bp −$12	1.6 bp −$163	4.1 bp −$2,028

ETH on 55 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
BloFin ETH-USDTlong	−0.0166%	8h	2,723.9	long leg	$279.9M	$176.3M	150x
HTX ETH-USDT	−0.0151%	8h	2,722.3	−0.059%	$1.04B	$1.20B	200x	as long as short
Perpl ETH	−0.0112%	43m	2,723.2	−0.024%	$275K	$5.7M	8.3x	as long as short
SunX ETH-USDT	−0.0096%	8h	2,722.5	−0.052%	$938K	$10.5M	100x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,724	+0.005%	$5K	$1K	50x	as long as short
Bybit ETHUSDT	−0.0068%	8h	2,722.3	−0.057%	$2.31B	$4.29B	150x	as long as short
ApeX Omni ETHUSDT	−0.0014%	1h	2,726.8	+0.106%	$8.3M	$31.3M	100x	as long as short
Phoenix ETH	−0.0012%	1h	2,732	+0.298%	$806K	$3.0M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,723.3	−0.021%	$11.9M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,723.5	−0.013%	$10.5M	$41.8M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXETHPERP	0.0000%	8h	2,724.1	+0.008%	$6.6M	$669.4M	4.9x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	2,724.1	+0.007%	$265.8M	$222.0M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,723.6	−0.012%	$32.9M	—	200x	as long as short
Gate ETH_USDT	+0.0025%	8h	2,722.9	−0.036%	$3.27B	$8.27B	200x	as long as short
01 Exchange ETHUSD	+0.0040%	1h	2,723.9	+0.001%	$194K	$886K	50x	as long as short
Hibachi ETH/USDT-P	+0.0040%	1h	2,724.9	+0.037%	$237K	$1.4M	20x	as long as short
SoDEX ETH-USD	+0.0042%	1h	2,723.6	−0.010%	$54.3M	$182.4M	40x	as long as short
Aster ETHUSDT	+0.0068%	8h	2,723.1	−0.027%	$252.0M	$841.3M	200x	as long as short
OKX ETH-USDT-SWAP	+0.0074%	8h	2,722.7	−0.043%	$1.65B	$10.59B	100x	as long as short
Aevo ETH-PERP	+0.0080%	1h	2,722.3	−0.057%	$4.9M	$195K	20x	as long as short
Binance ETHUSDT	+0.0080%	8h	2,723.1	−0.030%	$6.30B	$15.97B	150x	as long as short
KuCoin ETHUSDTM	+0.0082%	8h	2,723	−0.033%	$382.2M	$564.2M	100x	as long as short
MEXC ETH_USDTshort	+0.0083%	8h	2,722.8	−0.039%	$1.58B	$2.56B	500x
Bullet ETH-USD	+0.0088%	1h	2,723.2	−0.024%	$175K	$1.7M	20x	as long as short
Phemex ETHUSDT	+0.0094%	8h	2,723.1	−0.030%	$262.3M	$63.1M	150x	as long as short
Lighter ETH	+0.0096%	1h	2,723.8	−0.001%	$112.3M	$402.4M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,724.9	+0.037%	$23.6M	$96.3M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,724.8	+0.033%	—	$30.4M	500x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,722.8	−0.039%	$497K	$3.6M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,726.9	+0.110%	$15.4M	$7.1M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,724.1	+0.009%	$14.3M	$100.9M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,725.3	+0.052%	$3.10B	$2.03B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,724.2	+0.012%	$31.9M	$331.2M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,722.7	−0.043%	$2.7M	$16.3M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,723.2	−0.023%	$1.6M	$15.8M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,729.4	+0.203%	$164.7M	$339.6M	25x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,722.8	−0.040%	$2.11B	$2.72B	150x	as long as short
BingX ETH-USDT	+0.0100%	8h	2,722.5	−0.050%	—	$1.04B	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,723.2	−0.026%	$15.1M	$39.8M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,724.1	+0.008%	$131.7M	$315.5M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,727.5	+0.134%	$185.6M	$683.6M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,731.8	+0.291%	$158.8M	$80.0M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,726.6	+0.100%	$20.9M	$70.9M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,725.4	+0.058%	—	$436K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,722.5	−0.050%	$11.2M	$9.3M	50x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,724.3	+0.016%	$40.5M	$29.1M	15x	as long as short
Extended ETH-USD	+0.0104%	1h	2,721.9	−0.072%	$30.4M	$70.7M	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0105%	1h	2,723.3	−0.021%	$81.8M	$308.8M	100x	as long as short
Aftermath Perps ETHUSD	+0.0116%	1h	2,728.6	+0.174%	$30K	$20K	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0120%	1h	2,723.9	−0.001%	$45.7M	$4.21B	50x	as long as short
RISEx ETH/USDC	+0.0137%	1h	2,723.6	−0.011%	$5.6M	$11.4M	25x	as long as short
Reya ETHRUSDPERP	+0.0172%	1h	2,721.9	−0.071%	$7.3M	$964K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0183%	8h	2,725	+0.040%	$32.1M	$10.8M	100x	as long as short
Injective ETH/USDC PERP	+0.0253%	1h	2,729.2	+0.196%	$204K	$21.4M	52x	as long as short
Bluefin ETH-PERP	+0.1569%	1h	2,723.7	−0.006%	$20K	$23K	25x	as long as short