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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 16:00 UTC−0.0007%/8h= −0.8% APRnext payment −$0.07 per $10,000 · paid last 24h −0.006%
Price spread now: MEXC against Variational Omni+0.024%7-day average −0.006% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on MEXC
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.021%−$2 on $10k
Price spread, last 7 days−0.012%−$1 · spread now +0.024%, 7d avg −0.006%
Together, before fees−0.033%+ Points / potential airdropVariational Omni: Active · farm board−$3 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.029% dearer against Variational Omni than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ETH2,730.30.0100pay 0.0100% / 8h7h 49m$131.3M$316.0M—
ShortMEXC ETH_USDT2,7310.0093get 0.0093% / 8h7h 49m$1.57B$2.55B500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Variational Omni. 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
−$1.47
Price spread: +0.024% → −0.006%
$2.94
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee MEXC: 1 bp × 2 orders
−$2
Net
−$0.53
Costs to cover
0.020%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; MEXC: live order book, 5 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 Variational Omni RFQ quote, 5 min ago0.62 bpdoesn't fit0.6 bp −$61.0 bp −$103doesn't fit
Sell MEXC live order book, 5 min ago0.02 bp1.0 bp −$11.0 bp −$101.5 bp −$1483.8 bp −$1,911

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
Phemex ETHUSDT−0.0198%8h2,731.2+0.031%$263.2M$63.8M150xas long as short
Perpl ETH−0.0112%43m2,731.5+0.041%$277K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,730.8+0.017%$5K$1K50xas long as short
BloFin ETH-USDT−0.0015%8h2,731.2+0.031%$280.8M$177.8M150xas long as short
Phoenix ETH−0.0012%1h2,731+0.024%$806K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,731.6+0.046%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,731.2+0.031%$10.5M$41.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,731.6+0.046%$6.7M$672.9M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,732+0.061%$264.7M$218.8M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,731.7+0.051%$33.0M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETH-USDT+0.0015%8h2,730.7+0.014%$1.05B$1.21B200xas long as short
Bybit ETHUSDT+0.0026%8h2,730.8+0.016%$2.32B$4.31B150xas long as short
ApeX Omni ETHUSDT+0.0037%1h2,728.2−0.079%$8.4M$31.2M100xas long as short
01 Exchange ETHUSD+0.0056%1h2,732.2+0.068%$191K$883K50xas long as short
OKX ETH-USDT-SWAP+0.0080%8h2,731.1+0.026%$1.66B$10.74B100xas long as short
Aster ETHUSDT+0.0086%8h2,731.3+0.035%$252.4M$849.1M200xas long as short
KuCoin ETHUSDTM+0.0086%8h2,731.4+0.038%$383.5M$576.9M100xas long as short
Hibachi ETH/USDT-P+0.0088%1h2,731.6+0.045%$241K$1.4M20xas long as short
SoDEX ETH-USD+0.0093%1h2,731.1+0.028%$54.4M$182.5M40xas long as short
MEXC ETH_USDTshort+0.0093%8h2,731+0.024%$1.57B$2.55B500x
Binance ETHUSDT+0.0094%8h2,731.2+0.031%$6.31B$16.07B150xas long as short
Lighter ETH+0.0096%1h2,731.6+0.045%$112.5M$400.9M50xas long as short
Lighter RH ETH+0.0096%1h2,733+0.096%$23.6M$95.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,730.6+0.009%—$30.5M500xas long as short
Aevo ETH-PERP+0.0096%1h2,728.6−0.062%$4.9M$195K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,731.4+0.039%$501K$3.6M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,734.9+0.165%$15.4M$7.4M50xas long as short
Nado ETH-PERP+0.0100%1h2,731.4+0.038%$14.1M$102.0M50xas long as short
Hyperliquid ETH+0.0100%1h2,733.5+0.116%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,732.6+0.083%$32.0M$332.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,731.3+0.035%$2.7M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,731.9+0.056%$1.6M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,727.1−0.119%$161.7M$337.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,731.1+0.026%$3.30B$8.22B200xas long as short
Bitget ETHUSDT+0.0100%8h2,731.2+0.031%$2.11B$2.76B150xas long as short
BingX ETH-USDT+0.0100%8h2,731.1+0.027%—$1.06B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,731.4+0.038%$15.2M$40.0M50xas long as short
Variational Omni ETHlong+0.0100%8h2,730.3long leg$131.3M$316.0M—
edgeX ETHUSDC+0.0100%4h2,727.1−0.118%$185.5M$684.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,729−0.051%$158.7M$80.6M50xas long as short
StandX ETH-USD+0.0100%1h2,730.5+0.006%$21.0M$70.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,732.8+0.091%—$441K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,732.2+0.068%$11.2M$9.4M50xas long as short
Bullet ETH-USD+0.0100%1h2,731.1+0.029%$178K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,731.6+0.045%$20K$23K25xas long as short
Derive ETH-PERP+0.0100%1h2,732.5+0.078%$40.6M$29.1M15xas long as short
SunX ETH-USDT+0.0100%8h2,731+0.022%$946K$10.6M100xas long as short
Extended ETH-USD+0.0104%1h2,730.4+0.003%$30.5M$71.3M50xas long as short
Kraken Futures PF_ETHUSD+0.0105%1h2,731.6+0.045%$82.0M$310.2M100xas long as short
Aftermath Perps ETHUSD+0.0106%1h2,729.4−0.035%$30K$20K20xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,732.3+0.073%$46.5M$4.25B50xas long as short
RISEx ETH/USDC+0.0137%1h2,732.2+0.069%$5.6M$11.5M25xas long as short
Reya ETHRUSDPERP+0.0175%1h2,730.5+0.004%$7.3M$972K25xas long as short
Orderly PERP_ETH_USDC+0.0186%8h2,733.5+0.114%$32.2M$11.2M100xas long as short
Injective ETH/USDC PERP+0.0253%1h2,731.3+0.035%$117K$19.3M52xas long as short