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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 23:00 UTC+0.0111%/8h= +12.1% APRpaid last 24h +0.003%
Price spread now: Kraken Futures against MEXC+0.088%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1as in the Funding arb table
Net, price: spread back to 7d avg − costs−$6as in the Price arb table
costs, in and out, $10k−$140.135% of the position
Long on MEXCShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 7 days+0.123%+$12 on $10k
Price spread, last 3 days (all we have)−0.110%−$11 · spread now +0.088%, 7d avg +0.012%
Together, before fees+0.013%+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Kraken Futures is 0.076% dearer against MEXC than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.012%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ETH_USDT2,773.50.0059pay 0.0059% / 8h1h 05m$1.60B$2.68B500x
ShortKraken Futures PF_ETHUSD2,7760.0170get 0.0021% / 1h5m 44s$86.4M$332.4M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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
$23.22
Price spread: +0.088% → +0.012%
$7.63
Slippage, 4 orders
−$1.51
Fee MEXC: 1 bp × 2 orders
−$2
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$17.35
Costs to cover
0.135%
Break-even
1.8 days
Slippage from MEXC: live order book, 8 min ago; Kraken Futures: 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, 8 min ago0.02 bp1.0 bp −$11.2 bp −$121.6 bp −$1644.0 bp −$1,979
Sell Kraken Futures live order book, 3 min ago0.18 bp5.6 bp −$66.5 bp −$657.8 bp −$77811.5 bp −$5,754

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%43m2,774.9+0.049%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,774.7+0.041%$5.7M$11.8M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,774.5+0.035%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,779.6+0.219%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,774.8+0.046%$169K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,775.2+0.062%$12.7M$45.7M50xas long as short
Phoenix ETH0.0000%1h2,774.7+0.042%$885K$3.7M25xas long as short
Aftermath Perps ETHUSD+0.0002%1h2,774+0.018%$29K$22K20xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,775.7+0.078%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0017%8h2,774.5+0.036%$1.70B$11.86B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex ETHUSDT+0.0022%8h2,774.7+0.043%$270.2M$68.8M150xas long as short
Bullet ETH-USD+0.0026%1h2,774.8+0.047%$181K$1.7M20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,775.7+0.078%$12.9M—200xas long as short
Aster ETHUSDT+0.0030%8h2,774.7+0.041%$255.8M$995.1M200xas long as short
ApeX Omni ETHUSDT+0.0052%1h2,772.6−0.032%$8.7M$32.6M100xas long as short
Aevo ETH-PERP+0.0056%1h2,772.2−0.047%$5.0M$636K20xas long as short
Nado ETH-PERP+0.0057%1h2,775+0.052%$14.2M$118.1M50xas long as short
Binance ETHUSDT+0.0059%8h2,774.6+0.039%$6.44B$17.23B150xas long as short
MEXC ETH_USDTlong+0.0059%8h2,773.5long leg$1.60B$2.68B500x
Deribit ETH-PERPETUAL+0.0063%1h2,776.5+0.106%$258.7M$222.4M50xas long as short
SoDEX ETH-USD+0.0065%1h2,774.8+0.046%$55.2M$229.0M40xas long as short
Bitget ETHUSDT+0.0067%8h2,774.6+0.039%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0073%8h2,774.7+0.041%$3.29B$9.68B200xas long as short
BingX ETH-USDC+0.0077%8h2,774.4+0.030%—$17.4M—as long as short
HTX ETH-USDT+0.0088%8h2,774.6+0.039%$1.08B$1.32B200xas long as short
Bybit ETHUSDT+0.0092%8h2,774.9+0.050%$2.52B$4.62B150xas long as short
Lighter ETH+0.0096%1h2,775+0.054%$115.1M$503.3M50xas long as short
Lighter RH ETH+0.0096%1h2,776.5+0.108%$25.4M$121.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,775.8+0.082%—$41.6M500xas long as short
KuCoin ETHUSDTM+0.0096%8h2,773.9+0.012%$421.6M$739.0M100xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,774.3+0.028%$15.9M$10.5M50xas long as short
Vest ETH-PERP+0.0099%1h2,774.9+0.049%—$1.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,774.9+0.049%$477K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,777.3+0.136%$3.19B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,775+0.052%$31.2M$303.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,774.2+0.024%$2.8M$17.1M25xas long as short
Arcus ETH-USD+0.0100%1h2,776.2+0.095%$2.7M$17.6M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.8−0.098%$166.1M$253.0M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,774.7+0.042%$15.1M$44.2M50xas long as short
Variational Omni ETH+0.0100%8h2,770.9−0.097%$144.7M$334.7M—as long as short
edgeX ETHUSDC+0.0100%4h2,771.1−0.088%$181.4M$779.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,773.3−0.007%$161.3M$91.0M50xas long as short
StandX ETH-USD+0.0100%1h2,771.4−0.077%$21.4M$58.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,776.2+0.096%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,775.4+0.066%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,777.4+0.139%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,774.2+0.022%$973K$14.0M100xas long as short
Extended ETH-USD+0.0104%1h2,772.9−0.022%$32.6M$77.5M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,776.2+0.094%$59.9M$4.60B50xas long as short
Kalshi KXETHPERP+0.0125%8h2,775+0.053%$8.3M$681.5M4.9xas long as short
Orderly PERP_ETH_USDC+0.0136%8h2,778+0.160%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSDshort+0.0170%1h2,776+0.088%$86.4M$332.4M100x
BloFin ETH-USDT+0.0180%8h2,772.7−0.030%$284.7M$194.4M150xas long as short
Reya ETHRUSDPERP+0.0195%1h2,774.9+0.049%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0272%1h2,773.3−0.009%$270K$1.5M20xas long as short