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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 08:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.007%
Price spread now: Polymarket Perps against MEXC+0.064%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$6as in the Price arb table
costs, in and out, $10k−$110.110% of the position
Long on MEXCShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days+0.094%+$9 on $10k
Price spread, last 7 days−0.086%−$9 · spread now +0.064%, 7d avg +0.015%
Together, before fees+0.008%+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Polymarket Perps is 0.048% dearer against MEXC than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.015%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ETH_USDT2,723.30.0088pay 0.0088% / 8h22m 23s$1.58B$2.58B500x
ShortPolymarket Perps ETH-USD2,7250.0100get 0.0013% / 1h22m 23s$11.2M$9.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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
$2.52
Price spread: +0.064% → +0.015%
$4.83
Slippage, 4 orders
−$0.97
Fee MEXC: 1 bp × 2 orders
−$2
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$3.62
Costs to cover
0.110%
Break-even
17.0 days
Slippage from MEXC: live order book, 2 min ago; Polymarket Perps: live order book, 2 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, 2 min ago0.02 bp1.0 bp −$11.0 bp −$101.0 bp −$1022.8 bp −$1,412
Sell Polymarket Perps live order book, 2 min ago0.18 bp4.5 bp −$44.9 bp −$4913.3 bp −$1,325doesn'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
Perpl ETH−0.0447%43m2,723.3−0.001%$277K$5.7M8.3xas long as short
BloFin ETH-USDT−0.0177%8h2,724.4+0.041%$281.4M$177.5M150xas long as short
Hotstuff ETH-PERP−0.0080%1h2,724+0.027%$5K$1K50xas long as short
Phoenix ETH−0.0015%1h2,724.3+0.038%$808K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,723.5+0.008%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,723.6+0.011%$10.5M$41.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,723.3+0.001%$6.7M$680.0M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,723.9+0.022%$262.2M$211.7M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,723.5+0.008%$32.9M—200xas long as short
BingX ETH-USDC+0.0017%8h2,722.5−0.027%—$18.6M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0020%8h2,722.8−0.017%$2.31B$4.34B150xas long as short
HTX ETH-USDT+0.0030%8h2,723.5+0.010%$1.05B$1.22B200xas long as short
01 Exchange ETHUSD+0.0032%1h2,724.1+0.030%$190K$884K50xas long as short
ApeX Omni ETHUSDT+0.0046%1h2,722.9−0.014%$8.5M$31.5M100xas long as short
Hibachi ETH/USDT-P+0.0048%1h2,724.4+0.040%$241K$1.4M20xas long as short
Injective ETH/USDC PERP+0.0050%1h2,722.9−0.014%$117K$21.2M52xas long as short
Kraken Futures PF_ETHUSD+0.0060%1h2,723.6+0.012%$81.7M$310.7M100xas long as short
OKX ETH-USDT-SWAP+0.0071%8h2,723−0.010%$1.65B$10.78B100xas long as short
KuCoin ETHUSDTM+0.0072%8h2,723.4+0.005%$381.7M$577.6M100xas long as short
Aster ETHUSDT+0.0076%8h2,722.9−0.013%$252.3M$847.6M200xas long as short
MEXC ETH_USDTlong+0.0088%8h2,723.3long leg$1.58B$2.58B500x
Aevo ETH-PERP+0.0088%1h2,720.9−0.088%$4.9M$172K20xas long as short
Binance ETHUSDT+0.0088%8h2,723.30.000%$6.30B$16.13B150xas long as short
SoDEX ETH-USD+0.0095%1h2,723−0.010%$54.2M$182.7M40xas long as short
Lighter ETH+0.0096%1h2,724.5+0.046%$112.0M$432.5M50xas long as short
Lighter RH ETH+0.0096%1h2,725.7+0.090%$23.4M$102.4M50xas long as short
Aftermath Perps ETHUSD+0.0099%1h2,724.6+0.050%$30K$20K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,723.5+0.008%$499K$3.6M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,728.2+0.182%$15.3M$7.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,723.2−0.001%$14.0M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,725.6+0.086%$3.10B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,724.9+0.059%$31.9M$333.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,723.3+0.001%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,724.1+0.032%$1.6M$16.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,723.2−0.002%$3.31B$8.92B200xas long as short
Bitget ETHUSDT+0.0100%8h2,723.30.000%$2.10B$2.76B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,724+0.025%$15.0M$40.5M50xas long as short
Variational Omni ETH+0.0100%8h2,722−0.048%$133.5M$316.5M—as long as short
edgeX ETHUSDC+0.0100%4h2,722.4−0.034%$185.2M$681.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,722.8−0.016%$158.2M$81.9M50xas long as short
StandX ETH-USD+0.0100%1h2,723.1−0.006%$20.9M$70.2M40xas long as short
Vest ETH-PERP+0.0100%1h2,724.9+0.061%—$445K50xas long as short
Polymarket Perps ETH-USDshort+0.0100%1h2,725+0.064%$11.2M$9.4M50x
Bullet ETH-USD+0.0100%1h2,723.1−0.006%$183K$1.7M20xas long as short
Derive ETH-PERP+0.0100%1h2,723.5+0.008%$40.8M$29.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,722.6−0.025%$955K$10.8M100xas long as short
Phemex ETHUSDT+0.0100%8h2,724.2+0.033%$262.5M$64.4M150xas long as short
Bulk ETH-USD+0.0100%1h2,727.2+0.144%$162.8M$356.2M25xas long as short
Extended ETH-USD+0.0104%1h2,722.3−0.036%$30.4M$71.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,723.5+0.010%—$30.2M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,724.3+0.039%$46.6M$4.27B50xas long as short
RISEx ETH/USDC+0.0114%1h2,724.2+0.033%$5.6M$11.7M25xas long as short
Reya ETHRUSDPERP+0.0180%1h2,722.4−0.033%$7.3M$972K25xas long as short
Orderly PERP_ETH_USDC+0.0184%8h2,725.4+0.078%$32.1M$11.2M100xas long as short
Bluefin ETH-PERP+0.0488%1h2,723.8+0.018%$20K$23K25xas long as short