data as of
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Price arb /

ETHFI

all ETHFI markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$30
spread now−0.182%7d average−0.140%fees + slippage, in and out−$26spread needed0.259%
Long on HyperliquidShort on MEXC
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ETHFI0.71610.0100pay 0.0013% / 1h36m 41s$19.5M$7.2M5x
ShortMEXC ETHFI_USDT0.71480.0100get 0.0050% / 4h2h 36m$15.2M$3.8M125x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$18.15
Funding while held
$0
Slippage, 4 orders
−$12.92
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$44.07
Spread needed to break even
0.259%
Slippage from Hyperliquid: live order book, 8 min ago; MEXC: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 8 min ago0.35 bp7.0 bp −$7doesn't fitdoesn't fitdoesn't fit
Sell MEXC live order book, 3 min ago0.70 bp5.5 bp −$616.6 bp −$16671.7 bp −$7,175184.0 bp −$92.0K

ETHFI price on every exchange

against the cheapest. Click to use as the short leg.
HTX0.7120cheapestVariational Omni0.7142+0.307%Bitget0.7145+0.351%Extended0.7146+0.369%Binance0.7147+0.383%
MEXC0.7148+0.393%
BingX0.7149+0.407%BloFin0.7149+0.407%Paradex0.7149+0.411%Bybit0.7150+0.421%Aevo0.7152+0.446%OKX0.7152+0.449%Gate0.7152+0.449%Orderly0.7155+0.492%KuCoin0.7156+0.506%Deribit0.7157+0.520%Aster0.7160+0.555%SunX0.7160+0.562%
Hyperliquid0.7161+0.576%
Kraken Futures0.7161+0.582%Polymarket Perps0.7162+0.590%Lighter0.7165+0.633%Coinbase International0.7287+2.346%Injective0.7441+4.508%

ETHFI on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX ETHFI-USDT−0.573%+0.0045%4h$83K$155K20xas long as short
Variational Omni ETHFI−0.267%+0.0098%4h$1.0M$793K—as long as short
Bitget ETHFIUSDT−0.223%+0.0076%4h$6.2M$5.6M75xas long as short
Extended ETHFI-USD−0.206%+0.0104%1h$95K$495K10xas long as short
Binance ETHFIUSDT−0.191%+0.0100%4h$25.2M$35.3M75xas long as short
MEXC ETHFI_USDTshort−0.182%+0.0100%4h$15.2M$3.8M125x
BingX ETHFI-USDC−0.168%+0.0100%4h—$1.2M—as long as short
BloFin ETHFI-USDT−0.168%+0.0340%4h$1.3M$291K75xas long as short
Paradex ETHFI-USD-PERP−0.164%−0.0009%8h$6K—5xas long as short
Bybit ETHFIUSDT−0.154%+0.0100%4h$18.5M$12.6M25xas long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aevo ETHFI-PERP−0.130%+0.0104%1h$9K—3xas long as short
OKX ETHFI-USDT-SWAP−0.126%+0.0100%4h$4.8M$11.8M20xas long as short
Gate ETHFI_USDT−0.126%+0.0100%4h$1.7M$2.0M75xas long as short
Orderly PERP_ETHFI_USDC−0.084%−0.0133%4h$16K$1K10xas long as short
KuCoin ETHFIUSDTM−0.070%+0.0100%4h$1.2M$269K50xas long as short
Deribit ETHFI_USDC-PERPETUAL−0.056%−0.0029%1h$44K$18K10xas long as short
Aster ETHFIUSDT−0.020%+0.0100%4h$183K$243K10xas long as short
SunX ETHFI-USDT−0.014%+0.0100%4h$1K$1.0M20xas long as short
Hyperliquid ETHFIlong0.000%+0.0100%1h$19.5M$7.2M5x
Kraken Futures PF_ETHFIUSD+0.006%+0.0273%1h$277K$176K20xas long as short
Polymarket Perps ETHFI-USD+0.014%+0.0100%1h$48K$54K5xas long as short
Lighter ETHFI+0.057%+0.0144%1h$1.2M$559K5xas long as short
Coinbase International ETHFI-PERP-INTX+1.760%+0.0464%1h$32K$16K50xas long as short
Injective ETHFI/USDC PERP+3.910%+0.0033%1h$330$56K5.5xas long as short