ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.96 per $10,000 · paid last 24h −0.035%

Price spread now: MEXC against Orderly−0.085%7-day average −0.084% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.277%−$28 on $10k

Price spread, last 4 days (all we have)+0.006%+$1 · spread now −0.085%, 7d avg −0.084%

Together, before fees−0.271%−$27 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.084%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ETH_USDC	2,725.4	0.0184	pay 0.0184% / 8h	21m 49s	$32.1M	$11.2M	100x
Short	MEXC ETH_USDT	2,723.1	0.0088	get 0.0088% / 8h	21m 49s	$1.58B	$2.58B	500x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Orderly. 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

Position, each leg$Hold fordaysFee OrderlybpFee MEXCbpOrdersPrice spread, now −0.085%Rate

Funding earned: −$20.16
Price spread: −0.085% → −0.084%: −$0.2
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee MEXC: 1 bp × 2 orders: −$2
Net: −$28.35
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; MEXC: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Orderly no order-book sample	—	—	—	—	—
Sell MEXC live order book, 2 min ago	0.02 bp	1.0 bp −$1	1.0 bp −$10	1.3 bp −$131	3.9 bp −$1,928

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 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0447%	43m	2,723.3	−0.079%	$277K	$5.7M	8.3x	as long as short
BloFin ETH-USDT	−0.0177%	8h	2,724.4	−0.037%	$281.4M	$177.5M	150x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,724	−0.051%	$5K	$1K	50x	as long as short
Phoenix ETH	−0.0015%	1h	2,724.3	−0.040%	$808K	$3.0M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,723.5	−0.070%	$11.9M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,723.6	−0.067%	$10.5M	$41.9M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,724.5	−0.033%	$6.7M	$679.7M	4.9x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	2,723.9	−0.057%	$262.2M	$211.7M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,723.5	−0.070%	$32.9M	—	200x	as long as short
BingX ETH-USDC	+0.0017%	8h	2,722.6	−0.105%	—	$18.6M	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ETHUSDT	+0.0020%	8h	2,723	−0.090%	$2.31B	$4.34B	150x	as long as short
HTX ETH-USDT	+0.0030%	8h	2,723	−0.089%	$1.05B	$1.22B	200x	as long as short
01 Exchange ETHUSD	+0.0032%	1h	2,724.1	−0.048%	$190K	$884K	50x	as long as short
ApeX Omni ETHUSDT	+0.0046%	1h	2,722.9	−0.092%	$8.5M	$31.5M	100x	as long as short
Hibachi ETH/USDT-P	+0.0048%	1h	2,724.4	−0.038%	$241K	$1.4M	20x	as long as short
Injective ETH/USDC PERP	+0.0050%	1h	2,722.9	−0.092%	$117K	$21.2M	52x	as long as short
Kraken Futures PF_ETHUSD	+0.0060%	1h	2,723.6	−0.066%	$81.7M	$310.7M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0071%	8h	2,723.2	−0.082%	$1.65B	$10.79B	100x	as long as short
KuCoin ETHUSDTM	+0.0072%	8h	2,723.4	−0.073%	$381.7M	$577.6M	100x	as long as short
Aster ETHUSDT	+0.0076%	8h	2,723	−0.087%	$252.3M	$847.6M	200x	as long as short
MEXC ETH_USDTshort	+0.0088%	8h	2,723.1	−0.085%	$1.58B	$2.58B	500x
Aevo ETH-PERP	+0.0088%	1h	2,720.9	−0.166%	$4.9M	$172K	20x	as long as short
Binance ETHUSDT	+0.0088%	8h	2,723.1	−0.085%	$6.30B	$16.13B	150x	as long as short
SoDEX ETH-USD	+0.0095%	1h	2,723	−0.088%	$54.2M	$182.7M	40x	as long as short
Lighter ETH	+0.0096%	1h	2,723.6	−0.068%	$112.0M	$432.6M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,724.8	−0.022%	$23.4M	$102.4M	50x	as long as short
Aftermath Perps ETHUSD	+0.0099%	1h	2,724.5	−0.034%	$30K	$20K	20x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,723.5	−0.070%	$499K	$3.6M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,728.2	+0.103%	$15.3M	$7.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,723.2	−0.080%	$14.0M	$104.6M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,725.5	+0.003%	$3.10B	$2.04B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,724.9	−0.019%	$31.9M	$333.5M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,723.3	−0.077%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,724.1	−0.046%	$1.6M	$16.0M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,723.3	−0.077%	$3.31B	$8.92B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,723.7	−0.062%	$2.10B	$2.77B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,722.9	−0.090%	$14.9M	$40.5M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,722	−0.126%	$133.5M	$316.5M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,722.4	−0.112%	$185.2M	$681.7M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,722.8	−0.094%	$158.2M	$81.9M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,723.1	−0.084%	$20.9M	$70.2M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,724.9	−0.018%	—	$445K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,725	−0.015%	$11.2M	$9.4M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,723.1	−0.084%	$183K	$1.7M	20x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,724.6	−0.028%	$40.8M	$29.9M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,722.6	−0.103%	$955K	$10.8M	100x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,722.7	−0.101%	$262.3M	$64.4M	150x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,727.2	+0.065%	$162.8M	$356.2M	25x	as long as short
Extended ETH-USD	+0.0104%	1h	2,722.3	−0.113%	$30.4M	$71.6M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0056%	1h	2,723.5	−0.068%	—	$30.2M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,724.3	−0.040%	$46.6M	$4.27B	50x	as long as short
RISEx ETH/USDC	+0.0114%	1h	2,724.2	−0.045%	$5.6M	$11.7M	25x	as long as short
Reya ETHRUSDPERP	+0.0180%	1h	2,722.4	−0.111%	$7.3M	$972K	25x	as long as short
Orderly PERP_ETH_USDClong	+0.0184%	8h	2,725.4	long leg	$32.1M	$11.2M	100x
Bluefin ETH-PERP	+0.0488%	1h	2,723.8	−0.060%	$20K	$23K	25x	as long as short