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

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0031%/8h= +3.4% APRnext payment +$0.31 per $10,000 · paid last 24h −0.004%
Price spread now: MEXC against Bybit−0.021%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$130.131% of the position
Long on BybitShort on MEXC
What this pair did over the last
the charts below follow
Funding, last 7 days−0.002%$0 on $10k
Price spread, last 7 days+0.025%+$2 · spread now −0.021%, 7d avg −0.001%
Together, before fees+0.023%+$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ETHUSDT2,732.90.0063pay 0.0063% / 8h4h 22m$2.39B$4.35B150x
ShortMEXC ETH_USDT2,732.40.0094get 0.0094% / 8h4h 22m$1.54B$2.56B500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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
$6.54
Price spread: −0.021% → −0.001%
−$1.94
Slippage, 4 orders
−$0.07
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee MEXC: 1 bp × 2 orders
−$2
Net
−$8.47
Costs to cover
0.131%
Break-even
16.1 days
Slippage from Bybit: live order book, 2 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 Bybit live order book, 2 min ago0.02 bp5.5 bp −$65.5 bp −$556.5 bp −$6518.2 bp −$4,099
Sell MEXC live order book, 2 min ago0.02 bp1.0 bp −$11.0 bp −$101.5 bp −$1524.0 bp −$2,018

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
Perpl ETH−0.0447%43m2,734.9+0.072%$297K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,735.3+0.087%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,734.9+0.072%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,734+0.038%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,735.1+0.080%$10.8M$41.6M50xas long as short
01 Exchange ETHUSD0.0000%1h2,735.2+0.083%$187K$823K50xas long as short
Phoenix ETH0.0000%1h2,735+0.076%$830K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,734.1+0.042%$28.1M—200xas long as short
Bullet ETH-USD+0.0008%1h2,733.6+0.025%$179K$1.7M20xas long as short
ApeX Omni ETHUSDT+0.0043%1h2,735+0.074%$8.7M$31.3M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETH-USDT+0.0048%8h2,731.7−0.045%$1.06B$1.20B200xas long as short
BingX ETH-USDC+0.0055%8h2,732.1−0.029%—$18.4M—as long as short
Bybit ETHUSDTlong+0.0063%8h2,732.9long leg$2.39B$4.35B150x
KuCoin ETHUSDTM+0.0065%8h2,733.9+0.034%$380.3M$574.6M100xas long as short
OKX ETH-USDT-SWAP+0.0071%8h2,733.2+0.010%$1.67B$10.71B100xas long as short
Phemex ETHUSDT+0.0071%8h2,733.6+0.025%$265.8M$65.3M150xas long as short
SoDEX ETH-USD+0.0085%1h2,733.7+0.029%$54.4M$187.6M40xas long as short
Aster ETHUSDT+0.0087%8h2,733.7+0.028%$250.9M$842.7M200xas long as short
MEXC ETH_USDTshort+0.0094%8h2,732.4−0.021%$1.54B$2.56B500x
Binance ETHUSDT+0.0095%8h2,733.1+0.008%$6.35B$15.87B150xas long as short
Lighter ETH+0.0096%1h2,733.8+0.031%$112.9M$440.1M50xas long as short
Lighter RH ETH+0.0096%1h2,734.3+0.051%$23.4M$106.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,734.6+0.061%—$30.9M500xas long as short
Aevo ETH-PERP+0.0096%1h2,731.3−0.061%$4.9M$155K20xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,738.6+0.208%$15.6M$8.0M50xas long as short
RISEx ETH/USDC+0.0099%1h2,735.1+0.079%$5.5M$11.6M25xas long as short
Katana Perps ETH-USD+0.0100%8h2,734.7+0.065%$500K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,733.8+0.033%$13.8M$104.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,734.7+0.065%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,734.8+0.069%$31.9M$334.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,734.1+0.043%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,735.2+0.083%$1.6M$16.2M25xas long as short
Gate ETH_USDT+0.0100%8h2,732.4−0.020%$3.34B$8.90B200xas long as short
Bitget ETHUSDT+0.0100%8h2,732.7−0.008%$2.07B$2.74B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,732.2−0.025%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,732.8−0.006%$133.6M$325.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,733.7+0.027%$183.9M$671.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,733.7+0.028%$159.0M$86.6M50xas long as short
StandX ETH-USD+0.0100%1h2,734.3+0.050%$21.1M$68.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,735.1+0.079%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,735.8+0.105%$11.2M$9.1M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,734.6+0.060%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,735.6+0.098%$41.3M$29.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,733.7+0.030%$958K$11.3M100xas long as short
Bulk ETH-USD+0.0100%1h2,734.8+0.070%$164.8M$300.4M25xas long as short
Extended ETH-USD+0.0104%1h2,733.4+0.016%$30.3M$72.5M50xas long as short
Deribit ETH-PERPETUAL+0.0108%1h2,735+0.075%$260.1M$195.7M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,734.9+0.071%$51.4M$4.27B50xas long as short
Aftermath Perps ETHUSD+0.0116%1h2,735+0.076%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0139%8h2,734.4+0.054%$6.7M$678.2M4.9xas long as short
Orderly PERP_ETH_USDC+0.0194%8h2,736.2+0.119%$32.2M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0219%1h2,733.1+0.005%$7.3M$1.2M25xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,734.3+0.050%$83.3M$314.7M100xas long as short
Hibachi ETH/USDT-P+0.0256%1h2,736+0.114%$253K$1.4M20xas long as short
BloFin ETH-USDT+0.0379%8h2,735.3+0.086%$282.7M$175.2M150xas long as short