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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:07 UTC+0.0206%/8h= +22.5% APRpaid last 24h +0.068%
Price spread now: MEXC against Perpl−0.020%7-day average −0.020% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on PerplShort on MEXC
What this pair did over the last
the charts below follow
Funding, last 7 days−0.100%−$10 on $10k
Price spread, last 7 days+0.014%+$1 · spread now −0.020%, 7d avg −0.020%
Together, before fees−0.086%+ Points / potential airdropPerpl: Active · farm board−$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.020%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.100%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.100% in total (about -5.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPerpl ETH2,732.6−0.0112get 0.0010% / 43m16m 53s$277K$5.7M8.3x
ShortMEXC ETH_USDT2,7320.0094get 0.0094% / 8h7h 44m$1.57B$2.55B500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Perpl. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$43.18
Price spread: −0.020% → −0.020%
$0.01
Slippage, 4 orders
no order book: not counted
Fee Perpl: 6.9 bp × 2 orders
−$13.8
Fee MEXC: 1 bp × 2 orders
−$2
Net
$27.39
Costs to cover
0.158%
Break-even
2.6 days
Slippage unknown: Perpl: no order-book sample; MEXC: live order book, 4 min ago. 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 Perpl no order-book sample—————
Sell MEXC live order book, 4 min ago0.02 bp1.0 bp −$11.0 bp −$101.4 bp −$1404.0 bp −$1,980
Perpl: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl ETHlong−0.0112%43m2,732.6long leg$277K$5.7M8.3x
BloFin ETH-USDT−0.0097%8h2,731.6−0.035%$280.3M$177.8M150xas long as short
Hotstuff ETH-PERP−0.0080%1h2,731.3−0.046%$5K$1K50xas long as short
Phemex ETHUSDT−0.0076%8h2,731.2−0.049%$263.2M$63.8M150xas long as short
HTX ETH-USDT−0.0019%8h2,730.9−0.063%$1.05B$1.21B200xas long as short
Phoenix ETH−0.0012%1h2,733+0.016%$807K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,731.6−0.034%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,732.7+0.004%$10.6M$41.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,732.2−0.013%$6.7M$672.4M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,732.2−0.012%$264.7M$218.7M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0006%8h2,731.5−0.039%$2.32B$4.31B150xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,731.7−0.033%$33.0M—200xas long as short
01 Exchange ETHUSD+0.0048%1h2,732.2−0.013%$191K$883K50xas long as short
ApeX Omni ETHUSDT+0.0069%1h2,732.1−0.016%$8.4M$31.2M100xas long as short
SoDEX ETH-USD+0.0074%1h2,731.4−0.042%$54.4M$182.5M40xas long as short
OKX ETH-USDT-SWAP+0.0079%8h2,731.5−0.039%$1.66B$10.74B100xas long as short
Hibachi ETH/USDT-P+0.0080%1h2,732.8+0.007%$239K$1.4M20xas long as short
Aster ETHUSDT+0.0085%8h2,731.9−0.025%$252.2M$849.8M200xas long as short
KuCoin ETHUSDTM+0.0086%8h2,731.9−0.025%$383.5M$576.3M100xas long as short
Binance ETHUSDT+0.0094%8h2,731.7−0.033%$6.32B$16.06B150xas long as short
MEXC ETH_USDTshort+0.0094%8h2,732−0.020%$1.57B$2.55B500x
Lighter ETH+0.0096%1h2,732.2−0.012%$112.6M$401.0M50xas long as short
Lighter RH ETH+0.0096%1h2,733.4+0.032%$23.7M$95.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,732.8+0.008%—$30.4M500xas long as short
Aevo ETH-PERP+0.0096%1h2,729−0.129%$4.9M$195K20xas long as short
SunX ETH-USDT+0.0097%8h2,730.8−0.063%$941K$10.7M100xas long as short
Katana Perps ETH-USD+0.0100%8h2,731.7−0.031%$499K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,734.7+0.080%$15.4M$7.3M50xas long as short
Nado ETH-PERP+0.0100%1h2,731.1−0.054%$14.2M$100.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,734.4+0.067%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,732.5−0.002%$32.0M$332.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,732.1−0.017%$2.7M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,732−0.022%$1.6M$15.8M25xas long as short
Gate ETH_USDT+0.0100%8h2,731.6−0.034%$3.28B$8.24B200xas long as short
Bitget ETHUSDT+0.0100%8h2,731.9−0.025%$2.11B$2.75B150xas long as short
BingX ETH-USDC+0.0100%8h2,731.1−0.053%—$18.7M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,731.9−0.025%$15.2M$39.9M50xas long as short
Variational Omni ETH+0.0100%8h2,731−0.055%$131.5M$316.0M—as long as short
edgeX ETHUSDC+0.0100%4h2,730.5−0.074%$185.8M$685.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,731.4−0.041%$158.8M$80.0M50xas long as short
StandX ETH-USD+0.0100%1h2,732.5−0.002%$21.0M$70.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,733.2+0.024%—$441K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,732.4−0.006%$11.2M$9.4M50xas long as short
Bullet ETH-USD+0.0100%1h2,731.1−0.053%$176K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,759.5+0.986%$20K$23K25xas long as short
Derive ETH-PERP+0.0100%1h2,732.5−0.003%$40.6M$29.1M15xas long as short
Bulk ETH-USD+0.0100%1h2,730.8−0.064%$162.8M$334.7M25xas long as short
Extended ETH-USD+0.0104%1h2,730.9−0.061%$30.5M$71.2M50xas long as short
Kraken Futures PF_ETHUSD+0.0105%1h2,732.1−0.018%$82.0M$309.9M100xas long as short
Aftermath Perps ETHUSD+0.0108%1h2,731.2−0.049%$30K$20K20xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,732.5−0.001%$46.5M$4.25B50xas long as short
RISEx ETH/USDC+0.0137%1h2,732.5−0.002%$5.6M$11.4M25xas long as short
Reya ETHRUSDPERP+0.0174%1h2,730.6−0.072%$7.3M$972K25xas long as short
Orderly PERP_ETH_USDC+0.0185%8h2,733.7+0.041%$32.2M$11.2M100xas long as short
Injective ETH/USDC PERP+0.0253%1h2,736.2+0.133%$117K$19.5M52xas long as short