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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 02:00 UTC+0.0042%/8h= +4.6% APRpaid last 24h +0.006%
Price spread now: MEXC against 01 Exchange−0.025%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$170.168% of the position
Long on 01 ExchangeShort on MEXC
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.042%+$4 on $10k
Price spread, last 4 days (all we have)+0.013%+$1 · spread now −0.025%, 7d avg −0.027%
Together, before fees+0.055%+$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.027%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange ETHUSD2,748.80.0040pay 0.0005% / 1h2m 16s$182K$980K50x
ShortMEXC ETH_USDT2,748.10.0082get 0.0082% / 8h6h 02m$1.59B$2.59B500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against 01 Exchange. 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
$8.82
Price spread: −0.025% → −0.027%
$0.17
Slippage, 4 orders
−$7.8
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee MEXC: 1 bp × 2 orders
−$2
Net
−$7.81
Costs to cover
0.168%
Break-even
13.2 days
Slippage from 01 Exchange: live order book, 2 min ago; MEXC: 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 01 Exchange live order book, 2 min ago0.18 bp5.8 bp −$610.4 bp −$104doesn't fitdoesn't fit
Sell MEXC live order book, 2 min ago0.02 bp1.0 bp −$11.0 bp −$101.0 bp −$1022.3 bp −$1,158

ETH on 54 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−0.0112%43m2,747.7−0.042%$309K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,749.1+0.011%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,748.1−0.024%$5.7M$11.2M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,749.3+0.017%$12.1M—200xas long as short
Phoenix ETH−0.0006%1h2,748.4−0.015%$848K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,747.7−0.040%$10.8M$42.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,749.4+0.023%$22.2M—200xas long as short
01 Exchange ETHUSDlong+0.0040%1h2,748.8long leg$182K$980K50x
BingX ETH-USDT+0.0041%8h2,749.1+0.011%—$1.16B—as long as short
OKX ETH-USDT-SWAP+0.0053%8h2,748.2−0.021%$1.70B$10.70B100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0066%8h2,749.1+0.010%$369.6M$604.6M100xas long as short
Aster ETHUSDT+0.0073%8h2,748.4−0.014%$253.2M$846.6M200xas long as short
ApeX Omni ETHUSDT+0.0077%1h2,745.4−0.123%$8.7M$31.4M100xas long as short
Aevo ETH-PERP+0.0080%1h2,746.6−0.081%$4.9M$167K20xas long as short
HTX ETH-USDT+0.0081%8h2,748.6−0.009%$1.06B$1.18B200xas long as short
MEXC ETH_USDTshort+0.0082%8h2,748.1−0.025%$1.59B$2.59B500x
Binance ETHUSDT+0.0083%8h2,748.9+0.003%$6.39B$15.90B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,749.4+0.022%$58.6M$4.29B50xas long as short
Lighter ETH+0.0096%1h2,747.6−0.043%$113.0M$445.5M50xas long as short
Lighter RH ETH+0.0096%1h2,748.6−0.006%$24.7M$108.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,749.4+0.023%—$31.0M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,751.8+0.108%$16.2M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,747.2−0.058%$477K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,747.2−0.057%$13.9M$108.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,750.9+0.076%$3.13B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,747.7−0.040%$31.7M$334.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,748.6−0.009%$2.47B$4.24B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,746.9−0.069%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,748.3−0.019%$2.8M$16.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,749.2+0.013%$3.40B$8.95B200xas long as short
Bitget ETHUSDT+0.0100%8h2,748.6−0.009%$2.08B$2.75B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,747.3−0.056%$15.0M$41.4M50xas long as short
Variational Omni ETH+0.0100%8h2,746.2−0.096%$132.8M$343.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,745.3−0.129%$181.9M$700.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,747.1−0.062%$159.7M$82.2M50xas long as short
StandX ETH-USD+0.0100%1h2,748.9+0.004%$21.3M$69.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,748.9+0.005%—$849K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,748.6−0.007%$10.7M$8.6M50xas long as short
Bullet ETH-USD+0.0100%1h2,748.7−0.004%$182K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,749+0.009%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,750.1+0.049%$41.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,746.4−0.087%$963K$12.0M100xas long as short
SoDEX ETH-USD+0.0100%1h2,748.2−0.022%$54.7M$187.6M40xas long as short
Phemex ETHUSDT+0.0100%8h2,748.8−0.001%$267.7M$65.8M150xas long as short
Bulk ETH-USD+0.0100%1h2,746.2−0.094%$164.3M$302.6M25xas long as short
Extended ETH-USD+0.0104%1h2,747.5−0.046%$30.6M$73.1M50xas long as short
Aftermath Perps ETHUSD+0.0106%1h2,747.7−0.040%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0148%8h2,748.9+0.004%$7.9M$672.5M4.9xas long as short
Deribit ETH-PERPETUAL+0.0161%1h2,749.6+0.028%$258.9M$197.0M50xas long as short
Orderly PERP_ETH_USDC+0.0181%8h2,751.1+0.083%$32.3M$11.0M100xas long as short
Injective ETH/USDC PERP+0.0209%1h2,748.3−0.018%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0223%1h2,747.8−0.038%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0224%1h2,749.9+0.040%$250K$1.5M20xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,749.1+0.009%$88.2M$313.9M100xas long as short