Settings8H · net · $10k
Funding arb · Price arb /

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.42 per $10,000 · paid last 24h −0.007%
Price spread now: BingX against MEXC+0.154%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$270.269% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.072%−$7 on $10k
Price spread, last 7 days−0.114%−$11 · spread now +0.154%, 7d avg +0.031%
Together, before fees−0.185%−$19 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BingX is 0.123% dearer against MEXC than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.031%. Mind the row above: over the last 7 days funding on this pair cost −0.072%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ETHFI_USDT0.71630.0016pay 0.0008% / 4h3h 55m$15.3M$3.8M125x
ShortBingX ETHFI-USDT0.71740.0100get 0.0050% / 4h3h 55m$26.1M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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
$17.64
Price spread: +0.154% → +0.031%
$12.25
Slippage, 4 orders
−$12.94
Fee MEXC: 2 bp × 2 orders
−$4
Fee BingX: 5 bp × 2 orders
−$10
Net
$2.95
Costs to cover
0.269%
Break-even
5.8 days
Slippage from MEXC: live order book, 3 min ago; BingX: live order book, 3 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 MEXC live order book, 3 min ago1.40 bp3.8 bp −$412.7 bp −$12763.2 bp −$6,320178.4 bp −$89.2K
Sell BingX live order book, 3 min ago2.10 bp7.8 bp −$812.7 bp −$12725.3 bp −$2,53359.9 bp −$30.0K

ETHFI on 24 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
HTX ETHFI-USDT−0.0787%4h0.7137−0.363%$83K$166K20xas long as short
Bybit ETHFIUSDT−0.0609%4h0.7157−0.084%$18.1M$13.2M25xas long as short
Orderly PERP_ETHFI_USDC−0.0194%4h0.7169+0.084%$16K$1K10xas long as short
Deribit ETHFI_USDC-PERPETUAL−0.0168%1h0.7176+0.181%$41K$13K10xas long as short
Paradex ETHFI-USD-PERP−0.0047%8h0.7153−0.138%$6K5xas long as short
Variational Omni ETHFI−0.0003%4h0.7158−0.076%$1.0M$746Kas long as short
Extended ETHFI-USD+0.0016%1h0.7179+0.226%$93K$487K10xas long as short
MEXC ETHFI_USDTlong+0.0016%4h0.7163long leg$15.3M$3.8M125x
Binance ETHFIUSDT+0.0018%4h0.7157−0.082%$24.9M$37.4M75xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+1.075%$321$51K5.5xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin ETHFI-USDT+0.0071%4h0.7140−0.321%$1.2M$280K75xas long as short
Aevo ETHFI-PERP+0.0088%1h0.7172+0.122%$9K3xas long as short
Lighter ETHFI+0.0096%1h0.7167+0.052%$1.1M$894K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7172+0.124%$18.0M$9.1M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7177+0.196%$183K$259K10xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7160−0.042%$5.0M$12.6M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7176+0.181%$1.7M$2.0M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7171+0.112%$1.2M$269K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7156−0.098%$6.1M$5.7M75xas long as short
BingX ETHFI-USDTshort+0.0100%4h0.7174+0.154%$26.1M
Polymarket Perps ETHFI-USD+0.0100%1h0.7163+0.004%$59K$94K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7181+0.251%$2K$1.1M20xas long as short
Coinbase International ETHFI-PERP-INTX+0.0168%1h0.7237+1.033%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0220%1h0.7183+0.285%$276K$162K20xas long as short