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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 16:00 UTC−0.0009%/8h= −1.0% APRnext payment −$0.09 per $10,000 · paid last 24h −0.006%
Price spread now: MEXC against Katana Perps+0.023%7-day average +0.034% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Katana PerpsShort on MEXC
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.026%−$3 on $10k
Price spread, last 7 days+0.019%+$2 · spread now +0.023%, 7d avg +0.034%
Together, before fees−0.008%−$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKatana Perps ETH-USD2,742.50.0100pay 0.0100% / 8h5h 05m$512K$3.5M50x
ShortMEXC ETH_USDT2,743.10.0091get 0.0091% / 8h5h 05m$1.60B$2.38B500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Katana Perps. 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
−$1.85
Price spread: +0.023% → +0.034%
−$1.15
Slippage, 4 orders
no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Fee MEXC: 1 bp × 2 orders
−$2
Net
−$8.8
Costs to cover
0.058%
Break-even
never at this rate
Slippage unknown: Katana Perps: no order-book sample; MEXC: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Katana Perps no order-book sample—————
Sell MEXC live order book, 2 min ago0.02 bp1.0 bp −$11.0 bp −$101.0 bp −$1023.3 bp −$1,658
Katana Perps: 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.

ETH on 55 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff ETH-PERP−0.0080%1h2,749.9+0.270%$5K$1K50xas long as short
Hibachi ETH/USDT-P−0.0080%1h2,743.1+0.022%$231K$1.2M20xas long as short
GMX ETH/USD [ETH-USDC]L −0.0009% / S +0.0043%1h2,743.8+0.047%$12.2M—200xas long as short
Phoenix ETH−0.0009%1h2,741.3−0.044%$820K$2.8M25xas long as short
Kalshi KXETHPERP0.0000%8h2,743.6+0.040%$7.3M$655.1M4.9xas long as short
Perpl ETH0.0000%43m2,741.6−0.033%$277K$5.0M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,743.2+0.024%$33.1M—200xas long as short
ApeX Omni ETHUSDT+0.0027%1h2,739.9−0.094%$8.2M$25.1M100xas long as short
Bybit ETHUSDT+0.0037%8h2,743.2+0.024%$2.37B$3.78B150xas long as short
01 Exchange ETHUSD+0.0048%1h2,743.5+0.036%$182K$909K50xas long as short
Show all 55 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0069%8h2,742.8+0.009%$1.67B$9.09B100xas long as short
Aevo ETH-PERP+0.0088%1h2,740.9−0.057%$4.9M$244K20xas long as short
KuCoin ETHUSDTM+0.0090%8h2,743+0.019%$365.2M$435.2M100xas long as short
Aster ETHUSDT+0.0091%8h2,743+0.018%$255.4M$713.5M200xas long as short
MEXC ETH_USDTshort+0.0091%8h2,743.1+0.023%$1.60B$2.38B500x
Binance ETHUSDT+0.0093%8h2,743.1+0.021%$6.41B$13.82B150xas long as short
Lighter ETH+0.0096%1h2,743.7+0.042%$114.0M$391.8M50xas long as short
Lighter RH ETH+0.0096%1h2,744.9+0.087%$23.6M$96.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,743.2+0.026%—$23.5M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,744.9+0.088%$47.7M$3.89B50xas long as short
dYdX ETH-USD+0.0097%1h2,742.6+0.005%$15.2M$42.4M50xas long as short
Katana Perps ETH-USDlong+0.0100%8h2,742.5long leg$512K$3.5M50x
Nado ETH-PERP+0.0100%1h2,743+0.019%$14.9M$93.9M50xas long as short
Pacifica ETH+0.0100%1h2,744.1+0.057%$32.2M$322.3M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,743.2+0.026%$2.8M$14.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,744.2+0.063%$1.6M$14.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,743.4+0.032%$163.2M$317.2M25xas long as short
Gate ETH_USDT+0.0100%8h2,743.2+0.026%$3.27B$7.81B200xas long as short
Bitget ETHUSDT+0.0100%8h2,743+0.019%$2.11B$2.28B150xas long as short
BingX ETH-USDT+0.0100%8h2,743+0.019%—$948.0M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,742.50.000%$14.9M$35.9M50xas long as short
Variational Omni ETH+0.0100%8h2,743.1+0.021%$132.5M$275.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,739.6−0.105%$184.4M$560.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,740.6−0.071%$159.3M$69.5M50xas long as short
StandX ETH-USD+0.0100%1h2,742.2−0.011%$21.1M$74.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,744.6+0.076%—$316K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,745.2+0.098%$11.2M$8.6M50xas long as short
Bullet ETH-USD+0.0100%1h2,743.8+0.046%$177K$1.6M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,743.1+0.021%$20K$12K25xas long as short
Derive ETH-PERP+0.0100%1h2,742.9+0.015%$40.9M$26.1M15xas long as short
SunX ETH-USDT+0.0100%8h2,742.7+0.007%$945K$8.4M100xas long as short
SoDEX ETH-USD+0.0100%1h2,743.3+0.029%$61.8M$121.7M40xas long as short
HTX ETH-USDT+0.0100%8h2,743.2+0.024%$1.05B$1.00B200xas long as short
Phemex ETHUSDT+0.0100%8h2,743.3+0.029%$263.2M$56.2M150xas long as short
Extended ETH-USD+0.0104%1h2,742−0.018%$30.1M$63.8M50xas long as short
Kraken Futures PF_ETHUSD+0.0105%1h2,743.8+0.046%$82.7M$267.8M100xas long as short
Aftermath Perps ETHUSD+0.0111%1h2,741.6−0.032%$30K$8K20xas long as short
Deribit ETH-PERPETUAL+0.0118%1h2,744.5+0.071%$267.1M$182.2M50xas long as short
Reya ETHRUSDPERP+0.0148%1h2,742.7+0.007%$7.3M$854K25xas long as short
Hyperliquid ETH+0.0167%1h2,745.9+0.124%$3.15B$1.69B25xas long as short
Orderly PERP_ETH_USDC+0.0185%8h2,745.9+0.125%$32.4M$9.9M100xas long as short
RISEx ETH/USDC+0.0206%1h2,744+0.055%$5.7M$10.4M25xas long as short
BloFin ETH-USDT+0.0362%8h2,742.2−0.010%$284.9M$147.7M150xas long as short
Injective ETH/USDC PERP+0.0461%1h2,745.8+0.120%$118K$27.2M52xas long as short
Paradex ETH-USD-PERP+0.0502%8h2,745.5+0.110%$15.8M$6.2M50xas long as short