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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 22:00 UTC+0.0051%/8h= +5.6% APRpaid last 24h −0.038%
Price spread now: MEXC against dYdX−0.018%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$320.317% of the position
Long on dYdXShort on MEXC
What this pair did over the last
the charts below follow
Funding, last 7 days−0.198%−$20 on $10k
Price spread, last 7 days−0.082%−$8 · spread now −0.018%, 7d avg 0.000%
Together, before fees−0.280%−$28 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of 0.000%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.198%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ETH-USD2,770.40.0000pay 0.0000% / 1h4m 07s$12.7M$45.5M50x
ShortMEXC ETH_USDT2,769.90.0051get 0.0051% / 8h2h 04m$1.59B$2.69B500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against dYdX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$10.7
Price spread: −0.018% → 0.000%
−$1.82
Slippage, 4 orders
−$19.69
Fee dYdX: 5 bp × 2 orders
−$10
Fee MEXC: 1 bp × 2 orders
−$2
Net
−$22.81
Costs to cover
0.317%
Break-even
21.9 days
Slippage from dYdX: live order book, 5 min ago; MEXC: live order book, 5 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 dYdX live order book, 5 min ago7.58 bp12.6 bp −$1315.2 bp −$15223.4 bp −$2,33729.8 bp −$14.9K
Sell MEXC live order book, 5 min ago0.02 bp1.0 bp −$11.0 bp −$101.0 bp −$1033.3 bp −$1,650

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−0.0112%43m2,769.3−0.039%$289K$6.9M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,776.2+0.211%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,769.7−0.024%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0048%1h2,769.6−0.027%$171K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,770.9+0.020%$884K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,769.8−0.020%$5.7M$12.0M25xas long as short
dYdX ETH-USDlong0.0000%1h2,770.4long leg$12.7M$45.5M50x
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,770.1−0.009%$22.4M—200xas long as short
Aftermath Perps ETHUSD+0.0007%1h2,772.1+0.064%$29K$22K20xas long as short
BingX ETH-USDT+0.0018%8h2,769.7−0.022%—$1.18B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,770.4+0.002%$1.71B$11.89B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,770.1−0.010%$13.2M—200xas long as short
ApeX Omni ETHUSDT+0.0031%1h2,771+0.024%$8.7M$32.6M100xas long as short
Phemex ETHUSDT+0.0032%8h2,770.1−0.010%$266.8M$66.0M150xas long as short
Aster ETHUSDT+0.0032%8h2,769.7−0.023%$256.1M$995.6M200xas long as short
Aevo ETH-PERP+0.0048%1h2,767.2−0.113%$5.0M$636K20xas long as short
MEXC ETH_USDTshort+0.0051%8h2,769.9−0.018%$1.59B$2.69B500x
Binance ETHUSDT+0.0051%8h2,770−0.013%$6.43B$17.23B150xas long as short
Deribit ETH-PERPETUAL+0.0057%1h2,771.2+0.030%$258.5M$225.1M50xas long as short
Bullet ETH-USD+0.0074%1h2,769.2−0.042%$182K$1.8M20xas long as short
Bitget ETHUSDT+0.0075%8h2,769.4−0.034%$2.10B$3.13B150xas long as short
Gate ETH_USDT+0.0076%8h2,770−0.013%$3.28B$9.70B200xas long as short
Lighter ETH+0.0096%1h2,770.3−0.003%$114.6M$515.8M50xas long as short
Lighter RH ETH+0.0096%1h2,771.6+0.046%$25.4M$123.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,770.3−0.001%—$41.8M500xas long as short
HTX ETH-USDT+0.0098%8h2,769.2−0.043%$1.08B$1.32B200xas long as short
Variational Omni ETH+0.0098%8h2,768.9−0.051%$141.0M$320.9M—as long as short
Paradex ETH-USD-PERP+0.0100%8h2,769.2−0.042%$15.9M$10.8M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,769.9−0.016%$485K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,769−0.048%$14.5M$118.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,771.8+0.052%$3.19B$2.40B25xas long as short
Pacifica ETH+0.0100%1h2,770−0.013%$31.2M$291.4M50xas long as short
Bybit ETHUSDT+0.0100%8h2,770−0.013%$2.51B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,769.2−0.042%$2.9M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,771.4+0.036%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.6+0.007%$164.9M$252.7M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,769.8−0.021%$422.0M$742.1M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,770.2−0.007%$15.4M$42.9M50xas long as short
edgeX ETHUSDC+0.0100%4h2,770.8+0.018%$179.5M$782.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,771.4+0.039%$161.2M$97.3M50xas long as short
StandX ETH-USD+0.0100%1h2,770.4+0.002%$21.4M$57.9M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,770.8+0.016%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,770.4+0.002%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,771.9+0.055%$42.6M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,768.6−0.064%$970K$14.1M100xas long as short
SoDEX ETH-USD+0.0100%1h2,769.7−0.024%$55.1M$228.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,770−0.012%—$1.1M50xas long as short
Extended ETH-USD+0.0104%1h2,769.2−0.041%$31.4M$75.4M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,771+0.024%$59.8M$4.62B50xas long as short
Kalshi KXETHPERP+0.0109%8h2,770.6+0.009%$8.5M$674.0M4.9xas long as short
Orderly PERP_ETH_USDC+0.0135%8h2,772.5+0.077%$32.5M$12.0M100xas long as short
BloFin ETH-USDT+0.0171%8h2,769.2−0.042%$285.8M$195.5M150xas long as short
Reya ETHRUSDPERP+0.0185%1h2,769.1−0.046%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,771+0.024%$86.1M$331.7M100xas long as short
Hibachi ETH/USDT-P+0.0472%1h2,771.3+0.035%$285K$1.5M20xas long as short