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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 02:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.007%
Price spread now: Arcus against MEXC+0.136%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs+$2as in the Price arb table
costs, in and out, $10k−$90.088% of the position
Long on MEXCShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.020%+$2 on $10k
Price spread, last 7 days−0.116%−$12 · spread now +0.136%, 7d avg +0.029%
Together, before fees−0.097%−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.107% dearer against MEXC than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.029%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ETH_USDT2,746.50.0080pay 0.0080% / 8h6h 20m$1.57B$2.57B500x
ShortArcus ETH-USD2,750.20.0100get 0.0013% / 1h20m 49s$2.8M$16.5M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against MEXC. 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
$4.2
Price spread: +0.136% → +0.029%
$10.71
Slippage, 4 orders
−$2.26
Fee MEXC: 1 bp × 2 orders
−$2
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
$6.15
Costs to cover
0.088%
Break-even
from the start
Slippage from MEXC: live order book, 3 min ago; Arcus: live order book, 3 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 MEXC live order book, 3 min ago0.02 bp1.0 bp −$11.0 bp −$101.5 bp −$1474.0 bp −$2,024
Sell Arcus live order book, 3 min ago0.80 bp3.4 bp −$33.8 bp −$385.5 bp −$547doesn't fit

ETH on 54 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%43m2,750.6+0.149%$311K$6.0M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,750+0.127%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,750.1+0.132%$5.7M$11.4M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0009% / S +0.0043%1h2,749.6+0.112%$12.2M—200xas long as short
Phoenix ETH−0.0006%1h2,752.8+0.229%$849K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,750.3+0.136%$10.8M$42.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,749.7+0.117%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0024%1h2,750.5+0.145%$181K$1.1M50xas long as short
ApeX Omni ETHUSDT+0.0028%1h2,751.6+0.186%$8.7M$31.5M100xas long as short
BingX ETH-USDT+0.0037%8h2,746.8+0.010%—$1.18B—as long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0047%8h2,746.2−0.010%$1.69B$10.96B100xas long as short
HTX ETH-USDT+0.0057%8h2,748.3+0.066%$1.06B$1.20B200xas long as short
KuCoin ETHUSDTM+0.0070%8h2,747.5+0.036%$372.6M$609.7M100xas long as short
Aster ETHUSDT+0.0072%8h2,748.1+0.056%$253.1M$857.7M200xas long as short
MEXC ETH_USDTlong+0.0080%8h2,746.5long leg$1.57B$2.57B500x
Aevo ETH-PERP+0.0080%1h2,746.6+0.002%$4.9M$168K20xas long as short
Binance ETHUSDT+0.0082%8h2,746.7+0.006%$6.38B$16.22B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,749.3+0.102%$59.1M$4.34B50xas long as short
Gate ETH_USDT+0.0089%8h2,746.9+0.015%$3.39B$8.91B200xas long as short
Bitget ETHUSDT+0.0094%8h2,746.9+0.014%$2.08B$2.84B150xas long as short
Lighter ETH+0.0096%1h2,748.6+0.076%$113.0M$443.7M50xas long as short
Lighter RH ETH+0.0096%1h2,750.3+0.137%$24.8M$107.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,749.9+0.123%—$35.5M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,754.5+0.290%$16.3M$8.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,749.7+0.116%$478K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,749.3+0.101%$14.0M$112.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,750.1+0.131%$3.13B$2.10B25xas long as short
Pacifica ETH+0.0100%1h2,750.2+0.134%$31.5M$333.9M50xas long as short
Bybit ETHUSDT+0.0100%8h2,746.8+0.009%$2.46B$4.33B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,749.4+0.105%$2.8M$16.6M25xas long as short
Arcus ETH-USDshort+0.0100%1h2,750.2+0.136%$2.8M$16.5M25x
Backpack ETH_USDC_PERP+0.0100%1h2,748.2+0.063%$15.1M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,748.7+0.080%$133.2M$345.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,750.9+0.160%$181.9M$703.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,752+0.199%$160.0M$83.0M50xas long as short
StandX ETH-USD+0.0100%1h2,752.7+0.225%$21.3M$68.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,751.2+0.171%—$869K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,750.4+0.142%$10.7M$8.6M50xas long as short
Bullet ETH-USD+0.0100%1h2,749.4+0.105%$182K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,750.1+0.130%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,750.7+0.153%$41.8M$29.5M15xas long as short
SunX ETH-USDT+0.0100%8h2,747.8+0.046%$963K$12.3M100xas long as short
SoDEX ETH-USD+0.0100%1h2,748.6+0.076%$54.7M$187.7M40xas long as short
Phemex ETHUSDT+0.0100%8h2,748.6+0.075%$267.3M$65.9M150xas long as short
Bulk ETH-USD+0.0100%1h2,751.8+0.193%$165.7M$300.7M25xas long as short
Aftermath Perps ETHUSD+0.0102%1h2,751.2+0.169%$30K$20K20xas long as short
Deribit ETH-PERPETUAL+0.0103%1h2,750+0.126%$258.5M$199.9M50xas long as short
Extended ETH-USD+0.0104%1h2,746.1−0.016%$30.5M$73.5M50xas long as short
Kalshi KXETHPERP+0.0143%8h2,750.4+0.142%$7.7M$674.8M4.9xas long as short
Orderly PERP_ETH_USDC+0.0172%8h2,751.6+0.185%$32.4M$11.1M100xas long as short
Hibachi ETH/USDT-P+0.0200%1h2,753.6+0.259%$250K$1.5M20xas long as short
Injective ETH/USDC PERP+0.0209%1h2,750.8+0.156%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0220%1h2,749.6+0.111%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,749.3+0.100%$89.4M$316.7M100xas long as short