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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 03:00 UTC−0.0021%/8h= −2.2% APRpaid last 24h −0.001%
Price spread now: Bullet against MEXC−0.006%7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$130.130% of the position
Long on MEXCShort on Bullet
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.023%−$2 on $10k
Price spread, last 7 days+0.005%$0 · spread now −0.006%, 7d avg +0.015%
Together, before fees−0.018%−$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bullet is 0.021% cheaper against MEXC than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.015%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ETH_USDT2,745.50.0094pay 0.0094% / 8h5h 10m$1.57B$2.56B500x
ShortBullet ETH-USD2,745.30.0073get 0.0009% / 1h10m 22s$182K$1.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bullet 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
−$4.31
Price spread: −0.006% → +0.015%
−$2.12
Slippage, 4 orders
−$2.99
Fee MEXC: 1 bp × 2 orders
−$2
Fee Bullet: 4 bp × 2 orders
−$8
Net
−$19.42
Costs to cover
0.130%
Break-even
never at this rate
Slippage from MEXC: live order book, 4 min ago; Bullet: live order book, 4 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, 4 min ago0.02 bp1.0 bp −$11.0 bp −$101.0 bp −$1023.5 bp −$1,729
Sell Bullet live order book, 4 min ago0.37 bp5.1 bp −$59.3 bp −$93doesn't fitdoesn't fit

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
Hotstuff ETH-PERP−0.0080%1h2,747.4+0.070%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,735.6−0.360%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,745.8+0.011%$12.1M—200xas long as short
Perpl ETH0.0000%43m2,746.2+0.027%$305K$5.6M8.3xas long as short
dYdX ETH-USD0.0000%1h2,746.4+0.035%$10.8M$41.7M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,745.8+0.012%$25.1M—200xas long as short
Phoenix ETH+0.0017%1h2,746.8+0.048%$848K$2.9M25xas long as short
01 Exchange ETHUSD+0.0024%1h2,746.9+0.052%$182K$836K50xas long as short
ApeX Omni ETHUSDT+0.0032%1h2,744.4−0.039%$8.8M$30.7M100xas long as short
BingX ETH-USDT+0.0054%8h2,745.3−0.006%—$1.14B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0068%8h2,745.2−0.008%$1.71B$10.56B100xas long as short
KuCoin ETHUSDTM+0.0071%8h2,745.7+0.007%$382.2M$575.3M100xas long as short
Bullet ETH-USDshort+0.0073%1h2,745.3−0.006%$182K$1.7M20x
RISEx ETH/USDC+0.0077%1h2,747.4+0.069%$5.6M$11.4M25xas long as short
Aster ETHUSDT+0.0087%8h2,746.4+0.034%$254.1M$840.9M200xas long as short
SoDEX ETH-USD+0.0090%1h2,745.3−0.006%$54.7M$187.6M40xas long as short
MEXC ETH_USDTlong+0.0094%8h2,745.5long leg$1.57B$2.56B500x
Binance ETHUSDT+0.0094%8h2,745.4−0.002%$6.38B$15.68B150xas long as short
Lighter ETH+0.0096%1h2,747.2+0.062%$112.9M$435.9M50xas long as short
Lighter RH ETH+0.0096%1h2,748.4+0.108%$24.7M$104.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,747.4+0.071%—$30.4M500xas long as short
Aevo ETH-PERP+0.0096%1h2,744−0.054%$4.9M$154K20xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,746.3+0.031%$55.6M$4.26B50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,750.9+0.197%$16.0M$7.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,747+0.056%$469K$3.1M50xas long as short
Nado ETH-PERP+0.0100%1h2,746.8+0.050%$13.9M$104.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,748.2+0.099%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,747.4+0.070%$31.8M$334.5M50xas long as short
Bybit ETHUSDT+0.0100%8h2,745.4−0.002%$2.45B$4.17B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,742.7−0.101%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,747.4+0.071%$2.8M$16.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,746.6+0.040%$165.7M$303.2M25xas long as short
Gate ETH_USDT+0.0100%8h2,745.6+0.005%$3.40B$8.77B200xas long as short
Bitget ETHUSDT+0.0100%8h2,745.4−0.002%$2.09B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,745.5+0.001%$15.0M$39.4M50xas long as short
Variational Omni ETH+0.0100%8h2,743.1−0.086%$133.1M$325.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,743.6−0.070%$182.4M$665.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,743.7−0.064%$159.6M$83.5M50xas long as short
StandX ETH-USD+0.0100%1h2,744.4−0.039%$21.2M$68.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,747.2+0.062%—$815K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,747.2+0.063%$11.0M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,747.1+0.061%$41.5M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,746.1+0.022%$963K$11.4M100xas long as short
HTX ETH-USDT+0.0100%8h2,744.7−0.027%$1.06B$1.17B200xas long as short
Phemex ETHUSDT+0.0100%8h2,745.4−0.002%$266.8M$64.9M150xas long as short
Extended ETH-USD+0.0104%1h2,744.5−0.036%$30.7M$71.9M50xas long as short
Aftermath Perps ETHUSD+0.0133%1h2,745.7+0.009%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0159%8h2,744.5−0.035%$7.7M$670.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0195%8h2,747.7+0.082%$32.3M$11.4M100xas long as short
Deribit ETH-PERPETUAL+0.0202%1h2,747.1+0.061%$259.8M$195.3M50xas long as short
BloFin ETH-USDT+0.0218%8h2,745.4−0.004%$285.8M$180.2M150xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,746.4+0.034%$86.6M$310.1M100xas long as short
Reya ETHRUSDPERP+0.0227%1h2,744.8−0.026%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0256%1h2,745.8+0.013%$252K$1.4M20xas long as short
Bluefin ETH-PERP+0.0380%1h2,745.6+0.005%$21K$20K25xas long as short