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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 03:00 UTC+0.0018%/8h= +2.0% APRpaid last 24h +0.005%
Price spread now: Coinbase International against MEXC+0.035%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$3as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$130.130% of the position
Long on MEXCShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 7 days+0.097%+$10 on $10k
Price spread, last 4 days (all we have)−0.044%−$4 · spread now +0.035%, 7d avg +0.037%
Together, before fees+0.053%+$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.037%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ETH_USDT2,735.40.0094pay 0.0094% / 8h4h 23m$1.55B$2.56B500x
ShortCoinbase International ETH-PERP-INTX2,736.30.0112get 0.0014% / 1h23m 59s$51.4M$4.27B50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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
$3.78
Price spread: +0.035% → +0.037%
−$0.21
Slippage, 4 orders
−$1.01
Fee MEXC: 1 bp × 2 orders
−$2
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$9.44
Costs to cover
0.130%
Break-even
24.5 days
Slippage from MEXC: live order book, 5 min ago; Coinbase International: 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 MEXC live order book, 5 min ago0.02 bp1.0 bp −$11.0 bp −$101.0 bp −$1021.3 bp −$638
Sell Coinbase International live order book, 5 min ago0.02 bp6.0 bp −$66.3 bp −$638.9 bp −$88919.8 bp −$9,898

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%43m2,734.6−0.029%$297K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,735.3−0.002%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,735.7+0.012%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,735.2−0.008%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,735.1−0.009%$10.8M$41.6M50xas long as short
01 Exchange ETHUSD0.0000%1h2,735.3−0.002%$187K$821K50xas long as short
Phoenix ETH0.0000%1h2,735−0.013%$830K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,735.3−0.003%$28.1M—200xas long as short
Bullet ETH-USD+0.0007%1h2,734.8−0.020%$179K$1.7M20xas long as short
HTX ETH-USDT+0.0052%8h2,734.3−0.039%$1.06B$1.20B200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0055%8h2,735.40.000%—$1.15B—as long as short
ApeX Omni ETHUSDT+0.0056%1h2,734.3−0.040%$8.7M$31.3M100xas long as short
Bybit ETHUSDT+0.0066%8h2,734.9−0.017%$2.39B$4.35B150xas long as short
KuCoin ETHUSDTM+0.0066%8h2,734.7−0.023%$380.2M$574.7M100xas long as short
Phemex ETHUSDT+0.0068%8h2,734.7−0.024%$265.9M$65.3M150xas long as short
OKX ETH-USDT-SWAP+0.0070%8h2,734.8−0.022%$1.67B$10.72B100xas long as short
SoDEX ETH-USD+0.0081%1h2,735.2−0.006%$54.5M$187.6M40xas long as short
Aster ETHUSDT+0.0086%8h2,735.2−0.004%$251.0M$842.8M200xas long as short
MEXC ETH_USDTlong+0.0094%8h2,735.4long leg$1.55B$2.56B500x
Binance ETHUSDT+0.0095%8h2,735.3−0.003%$6.35B$15.87B150xas long as short
Lighter ETH+0.0096%1h2,735.8+0.015%$113.0M$439.9M50xas long as short
Lighter RH ETH+0.0096%1h2,736.8+0.054%$23.4M$106.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,735.5+0.006%—$30.9M500xas long as short
Aevo ETH-PERP+0.0096%1h2,732.2−0.116%$4.9M$155K20xas long as short
Paradex ETH-USD-PERP+0.0098%8h2,739.7+0.157%$15.6M$8.0M50xas long as short
RISEx ETH/USDC+0.0099%1h2,735.40.000%$5.5M$11.6M25xas long as short
Katana Perps ETH-USD+0.0100%8h2,734.4−0.035%$500K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,734.5−0.030%$13.7M$104.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,737.7+0.086%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,735.40.000%$31.9M$334.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,733.2−0.079%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,735.4+0.002%$1.6M$16.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,735.5+0.005%$3.35B$8.90B200xas long as short
Bitget ETHUSDT+0.0100%8h2,735.1−0.011%$2.07B$2.74B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,734.9−0.018%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,732.8−0.095%$133.6M$325.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,733.7−0.059%$183.9M$670.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,733.7−0.061%$159.0M$86.6M50xas long as short
StandX ETH-USD+0.0100%1h2,735−0.013%$21.1M$68.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,735.8+0.014%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,736.6+0.045%$11.2M$9.1M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,735−0.013%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,736.5+0.042%$41.3M$29.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,734.1−0.048%$958K$11.3M100xas long as short
Bulk ETH-USD+0.0100%1h2,734.8−0.019%$164.8M$300.4M25xas long as short
Extended ETH-USD+0.0104%1h2,734−0.050%$30.3M$72.6M50xas long as short
Coinbase International ETH-PERP-INTXshort+0.0112%1h2,736.3+0.035%$51.4M$4.27B50x
Aftermath Perps ETHUSD+0.0119%1h2,735.2−0.007%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0140%8h2,735.2−0.006%$6.7M$678.5M4.9xas long as short
Deribit ETH-PERPETUAL+0.0145%1h2,736.3+0.034%$260.1M$195.8M50xas long as short
Orderly PERP_ETH_USDC+0.0194%8h2,737.1+0.062%$32.2M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0220%1h2,734.4−0.036%$7.3M$1.2M25xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,735.8+0.017%$83.4M$314.7M100xas long as short
Hibachi ETH/USDT-P+0.0256%1h2,735.9+0.021%$253K$1.4M20xas long as short
BloFin ETH-USDT+0.0377%8h2,735.2−0.004%$282.7M$175.2M150xas long as short