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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Funding you earn now, next payment 16:00 UTC+0.0090%/8h= +9.8% APRnext payment +$0.90 per $10,000 · paid last 24h +0.029%
Price spread now: Orderly against MEXC+0.139%7-day average +0.083% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on MEXCShort on Orderly
What this pair did over the last
the charts below follow
Funding, last 7 days+0.268%+$27 on $10k
Price spread, last 4 days (all we have)−0.090%−$9 · spread now +0.139%, 7d avg +0.083%
Together, before fees+0.178%+$18 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 Orderly is 0.055% dearer against MEXC than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.083%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ETH_USDT2,737.90.0100pay 0.0100% / 8h4h 48m$1.59B$2.29B500x
ShortOrderly PERP_ETH_USDC2,741.70.0190get 0.0190% / 8h4h 48m$32.4M$9.9M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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
$18.82
Price spread: +0.139% → +0.083%
$5.55
Slippage, 4 orders
no order book: not counted
Fee MEXC: 1 bp × 2 orders
−$2
Fee Orderly: 3 bp × 2 orders
−$6
Net
$16.36
Costs to cover
0.080%
Break-even
0.9 days
Slippage unknown: MEXC: live order book, 4 min ago; Orderly: no order-book sample. Net counts fees only.

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 −$101.1 bp −$1144.1 bp −$2,065
Sell Orderly no order-book sample—————
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ETH on 55 exchanges

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%1h2,742.5+0.167%$5K$1K50xas long as short
Hibachi ETH/USDT-P−0.0056%1h2,742.2+0.158%$231K$1.2M20xas long as short
GMX ETH/USD [ETH-USDC]L −0.0009% / S +0.0043%1h2,738.7+0.030%$12.2M—200xas long as short
Phoenix ETH−0.0009%1h2,738.3+0.014%$816K$2.8M25xas long as short
Kalshi KXETHPERP0.0000%8h2,737.5−0.015%$7.4M$656.2M4.9xas long as short
Perpl ETH0.0000%43m2,739.9+0.072%$267K$5.0M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,739.2+0.046%$33.1M—200xas long as short
Bybit ETHUSDT+0.0047%8h2,739.4+0.056%$2.37B$3.78B150xas long as short
01 Exchange ETHUSD+0.0048%1h2,739.2+0.047%$183K$910K50xas long as short
ApeX Omni ETHUSDT+0.0062%1h2,739.1+0.043%$8.2M$25.0M100xas long as short
Show all 55 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0072%8h2,739.6+0.061%$1.67B$9.02B100xas long as short
dYdX ETH-USD+0.0076%1h2,740+0.076%$15.2M$42.4M50xas long as short
KuCoin ETHUSDTM+0.0091%8h2,738.5+0.023%$377.9M$433.6M100xas long as short
SoDEX ETH-USD+0.0096%1h2,739.4+0.054%$61.7M$121.7M40xas long as short
Lighter ETH+0.0096%1h2,740.7+0.100%$113.7M$382.1M50xas long as short
Lighter RH ETH+0.0096%1h2,742+0.147%$23.5M$93.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,738.1+0.005%—$23.3M500xas long as short
Aevo ETH-PERP+0.0096%1h2,739+0.041%$4.9M$250K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,738.4+0.018%$515K$3.5M50xas long as short
Nado ETH-PERP+0.0100%1h2,738.7+0.030%$14.7M$93.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,740.6+0.098%$3.14B$1.67B25xas long as short
Aster ETHUSDT+0.0100%8h2,738.7+0.028%$254.8M$702.2M200xas long as short
Pacifica ETH+0.0100%1h2,741.2+0.120%$32.1M$322.3M50xas long as short
Binance ETHUSDT+0.0100%8h2,738.4+0.017%$6.40B$13.68B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,739.4+0.054%$2.8M$14.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,739.9+0.073%$1.6M$14.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,743.8+0.215%$163.0M$315.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,739+0.038%$3.27B$7.62B200xas long as short
MEXC ETH_USDTlong+0.0100%8h2,737.9long leg$1.59B$2.29B500x
Bitget ETHUSDT+0.0100%8h2,739.4+0.054%$2.11B$2.26B150xas long as short
BingX ETH-USDC+0.0100%8h2,737.8−0.005%—$18.5M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,735.9−0.073%$14.9M$35.1M50xas long as short
Variational Omni ETH+0.0100%8h2,738.7+0.029%$133.6M$273.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,739.1+0.042%$184.3M$557.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,739.4+0.053%$159.2M$69.7M50xas long as short
StandX ETH-USD+0.0100%1h2,741.8+0.142%$21.1M$76.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,739.1+0.042%—$316K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,739.3+0.050%$11.2M$8.6M50xas long as short
Bullet ETH-USD+0.0100%1h2,738.3+0.015%$176K$1.6M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,739.3+0.051%$20K$7K25xas long as short
Derive ETH-PERP+0.0100%1h2,741.3+0.124%$40.9M$25.7M15xas long as short
SunX ETH-USDT+0.0100%8h2,739+0.040%$944K$8.2M100xas long as short
Deribit ETH-PERPETUAL+0.0100%1h2,740.8+0.105%$267.6M$181.2M50xas long as short
HTX ETH-USDT+0.0100%8h2,735.6−0.087%$1.05B$992.6M200xas long as short
Phemex ETHUSDT+0.0100%8h2,737.1−0.032%$262.6M$56.2M150xas long as short
Extended ETH-USD+0.0104%1h2,738.5+0.020%$30.2M$63.7M50xas long as short
Aftermath Perps ETHUSD+0.0110%1h2,740.5+0.093%$30K$8K20xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,741+0.112%$47.6M$3.88B50xas long as short
Kraken Futures PF_ETHUSD+0.0120%1h2,740.2+0.084%$82.5M$265.1M100xas long as short
Reya ETHRUSDPERP+0.0145%1h2,736.9−0.038%$7.3M$854K25xas long as short
Orderly PERP_ETH_USDCshort+0.0190%8h2,741.7+0.139%$32.4M$9.9M100x
RISEx ETH/USDC+0.0342%1h2,740+0.075%$5.7M$10.3M25xas long as short
BloFin ETH-USDT+0.0400%8h2,735.7−0.080%$284.9M$146.7M150xas long as short
Paradex ETH-USD-PERP+0.0442%8h2,742.4+0.163%$15.7M$6.1M50xas long as short
Injective ETH/USDC PERP+0.0477%1h2,743.2+0.193%$118K$25.2M52xas long as short