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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 05:00 UTC−0.0122%/8h= −13.4% APRpaid last 24h −0.026%
Price spread now: MEXC against Reya+0.040%7-day average +0.025% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ReyaShort on MEXC
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.068%−$7 on $10k
Price spread, last 7 days−0.009%−$1 · spread now +0.040%, 7d avg +0.025%
Together, before fees−0.077%+ Points / potential airdropReya: Active · farm board−$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.025%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya ETHRUSDPERP2,727.20.0209pay 0.0026% / 1h21m 51s$7.3M$1.2M25x
ShortMEXC ETH_USDT2,728.30.0087get 0.0087% / 8h3h 21m$1.55B$2.57B500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Reya. 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
−$25.72
Price spread: +0.040% → +0.025%
$1.5
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee MEXC: 1 bp × 2 orders
−$2
Net
−$32.23
Costs to cover
0.080%
Break-even
never at this rate
Slippage unknown: Reya: 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
LegHalf-spread$10k$100k$1M$5M
Buy Reya no order-book sample—————
Sell MEXC live order book, 2 min ago0.02 bp1.0 bp −$11.0 bp −$101.5 bp −$1524.0 bp −$1,977
Reya: 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 ETH−0.0335%43m2,727.3+0.005%$296K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,727−0.007%$5K$1K50xas long as short
HTX ETH-USDT−0.0017%8h2,726.3−0.033%$1.05B$1.20B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,727.6+0.016%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,730.2+0.110%$816K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,727.8+0.022%$28.0M—200xas long as short
dYdX ETH-USD+0.0008%1h2,728.3+0.040%$10.7M$42.1M50xas long as short
Bullet ETH-USD+0.0023%1h2,727−0.006%$177K$1.7M20xas long as short
BingX ETH-USDC+0.0033%8h2,729.4+0.080%—$18.4M—as long as short
Bybit ETHUSDT+0.0036%8h2,730.3+0.113%$2.37B$4.38B150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ETH-PERPETUAL+0.0043%1h2,728.2+0.037%$258.7M$201.5M50xas long as short
01 Exchange ETHUSD+0.0048%1h2,727.3+0.004%$186K$815K50xas long as short
SunX ETH-USDT+0.0065%8h2,726.6−0.022%$956K$11.2M100xas long as short
KuCoin ETHUSDTM+0.0066%8h2,730.6+0.125%$379.1M$574.0M100xas long as short
ApeX Omni ETHUSDT+0.0074%1h2,732.1+0.178%$8.6M$31.2M100xas long as short
OKX ETH-USDT-SWAP+0.0075%8h2,730.4+0.117%$1.67B$10.75B100xas long as short
Aster ETHUSDT+0.0079%8h2,730.4+0.116%$250.7M$841.1M200xas long as short
SoDEX ETH-USD+0.0082%1h2,727−0.007%$54.3M$187.7M40xas long as short
MEXC ETH_USDTshort+0.0087%8h2,728.3+0.040%$1.55B$2.57B500x
Binance ETHUSDT+0.0088%8h2,730.2+0.110%$6.34B$15.94B150xas long as short
Aevo ETH-PERP+0.0088%1h2,725.4−0.065%$4.9M$155K20xas long as short
Phemex ETHUSDT+0.0090%8h2,727.7+0.017%$264.4M$65.1M150xas long as short
Lighter ETH+0.0096%1h2,727.3+0.002%$112.2M$434.5M50xas long as short
Lighter RH ETH+0.0096%1h2,728.4+0.045%$23.4M$104.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,728.2+0.035%—$31.0M500xas long as short
Injective ETH/USDC PERP+0.0096%1h2,733.1+0.216%$117K$22.5M52xas long as short
Katana Perps ETH-USD+0.0100%8h2,726.2−0.037%$497K$3.3M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,728.5+0.048%$15.6M$7.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,726.6−0.022%$13.7M$104.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,728.7+0.055%$3.09B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,727.4+0.007%$31.8M$333.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,726.1−0.040%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,727.3+0.002%$1.5M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,728.2+0.038%$169.5M$307.4M25xas long as short
Gate ETH_USDT+0.0100%8h2,730.1+0.105%$3.33B$8.92B200xas long as short
Bitget ETHUSDT+0.0100%8h2,730.7+0.128%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,727.3+0.005%$14.8M$40.6M50xas long as short
Variational Omni ETH+0.0100%8h2,729.6+0.089%$133.3M$321.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,731.8+0.169%$183.8M$670.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,729.6+0.089%$158.8M$86.9M50xas long as short
StandX ETH-USD+0.0100%1h2,729.6+0.088%$21.0M$69.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,728.5+0.049%—$844K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,729.4+0.081%$11.2M$9.3M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,728+0.029%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,729.1+0.071%$41.2M$29.9M15xas long as short
Extended ETH-USD+0.0104%1h2,729.1+0.071%$30.5M$73.4M50xas long as short
Kalshi KXETHPERP+0.0105%8h2,728.2+0.037%$6.5M$684.2M4.9xas long as short
RISEx ETH/USDC+0.0107%1h2,726.6−0.022%$5.6M$11.8M25xas long as short
Aftermath Perps ETHUSD+0.0109%1h2,731.9+0.172%$30K$20K20xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,727.6+0.015%$50.8M$4.27B50xas long as short
Kraken Futures PF_ETHUSD+0.0153%1h2,727.6+0.013%$83.1M$315.2M100xas long as short
Orderly PERP_ETH_USDC+0.0194%8h2,729.9+0.098%$32.1M$11.6M100xas long as short
Reya ETHRUSDPERPlong+0.0209%1h2,727.2long leg$7.3M$1.2M25x
Hibachi ETH/USDT-P+0.0248%1h2,730.4+0.118%$242K$1.4M20xas long as short
BloFin ETH-USDT+0.0350%8h2,728+0.029%$282.6M$174.7M150xas long as short