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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 00:00 UTC+0.0056%/8h= +6.2% APRnext payment +$0.56 per $10,000 · paid last 24h −0.013%
Price spread now: Kalshi against MEXC+0.129%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2as in the Price arb table
costs, in and out, $10k−$150.148% of the position
Long on MEXCShort on Kalshi
What this pair did over the last
the charts below follow
Funding, last 7 days−0.042%−$4 on $10k
Price spread, last 7 days−0.098%−$10 · spread now +0.129%, 7d avg −0.005%
Together, before fees−0.141%−$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Kalshi is 0.133% dearer against MEXC than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.005%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ETH_USDT2,7820.0067pay 0.0067% / 8h44m 57s$1.60B$2.63B500x
ShortKalshi KXETHPERP2,785.60.0123get 0.0123% / 8h4h 44m$8.4M$683.3M4.9x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kalshi 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
$11.84
Price spread: +0.129% → −0.005%
$13.32
Slippage, 4 orders
−$2.84
Fee MEXC: 1 bp × 2 orders
−$2
Fee Kalshi: 5 bp × 2 orders
−$10
Net
$10.32
Costs to cover
0.148%
Break-even
0.9 days
Slippage from MEXC: live order book, 4 min ago; Kalshi: 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 −$101.4 bp −$1403.7 bp −$1,871
Sell Kalshi live order book, 4 min ago0.36 bp7.4 bp −$78.4 bp −$8414.0 bp −$1,40120.4 bp −$10.2K

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%43m2,785.7+0.133%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,784.5+0.091%$5.7M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,781.9−0.004%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,786.1+0.147%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0049%1h2,781.5−0.020%$8.9M$32.9M100xas long as short
01 Exchange ETHUSD−0.0016%1h2,785.2+0.114%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0011%1h2,783.6+0.056%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,785.6+0.129%$12.8M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,783.6+0.057%$881K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,785+0.106%$22.5M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0016%8h2,782.7+0.026%—$17.4M—as long as short
Phemex ETHUSDT+0.0020%8h2,784+0.073%$271.3M$68.9M150xas long as short
OKX ETH-USDT-SWAP+0.0021%8h2,782.2+0.006%$1.71B$11.93B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,784.9+0.105%$13.0M—200xas long as short
Aster ETHUSDT+0.0041%8h2,783.9+0.069%$257.7M$1.00B200xas long as short
Bullet ETH-USD+0.0063%1h2,784.3+0.082%$184K$1.7M20xas long as short
Aevo ETH-PERP+0.0064%1h2,783+0.036%$5.1M$636K20xas long as short
MEXC ETH_USDTlong+0.0067%8h2,782long leg$1.60B$2.63B500x
Bitget ETHUSDT+0.0067%8h2,782.3+0.009%$2.11B$3.11B150xas long as short
Binance ETHUSDT+0.0070%8h2,782.6+0.021%$6.45B$17.30B150xas long as short
Gate ETH_USDT+0.0071%8h2,783.1+0.040%$3.31B$9.61B200xas long as short
KuCoin ETHUSDTM+0.0088%8h2,782.3+0.010%$423.5M$740.0M100xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,785.1+0.109%$60.4M$4.62B50xas long as short
Bybit ETHUSDT+0.0091%8h2,782.4+0.014%$2.52B$4.64B150xas long as short
SoDEX ETH-USD+0.0092%1h2,784+0.071%$55.4M$229.1M40xas long as short
HTX ETH-USDT+0.0092%8h2,784.3+0.082%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,784.6+0.093%$116.3M$496.5M50xas long as short
Lighter RH ETH+0.0096%1h2,785.9+0.138%$25.5M$120.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,784.9+0.105%—$42.0M500xas long as short
Vest ETH-PERP+0.0097%1h2,785.2+0.113%—$1.1M50xas long as short
Nado ETH-PERP+0.0097%1h2,784.6+0.093%$14.4M$118.3M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,785.7+0.132%$16.0M$10.3M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,785.3+0.118%$479K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,786.2+0.150%$3.21B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,786.1+0.146%$31.4M$309.3M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,784.3+0.082%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,786+0.142%$2.7M$17.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,784.2+0.079%$168.3M$253.1M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,783.4+0.050%$15.1M$44.1M50xas long as short
Variational Omni ETH+0.0100%8h2,783.3+0.045%$147.8M$336.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,782.1+0.001%$182.1M$781.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,782−0.001%$161.7M$89.9M50xas long as short
StandX ETH-USD+0.0100%1h2,781.5−0.019%$21.5M$58.4M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,785.7+0.132%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,785.4+0.123%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,786.6+0.163%$42.9M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,784.9+0.105%$976K$13.9M100xas long as short
Extended ETH-USD+0.0104%1h2,781.7−0.010%$32.7M$77.8M50xas long as short
Kraken Futures PF_ETHUSD+0.0122%1h2,784.8+0.101%$86.9M$333.4M100xas long as short
Kalshi KXETHPERPshort+0.0123%8h2,785.6+0.129%$8.4M$683.3M4.9x
Orderly PERP_ETH_USDC+0.0137%8h2,786.9+0.175%$32.7M$12.1M100xas long as short
Deribit ETH-PERPETUAL+0.0138%1h2,785.9+0.138%$258.9M$223.0M50xas long as short
BloFin ETH-USDT+0.0190%8h2,783.9+0.067%$285.6M$195.2M150xas long as short
Reya ETHRUSDPERP+0.0199%1h2,784.5+0.090%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0272%1h2,785.7+0.132%$271K$1.5M20xas long as short