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

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.20 per $10,000 · paid last 24h −0.001%
Price spread now: BingX against MEXC−0.028%7-day average +0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$270.273% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.077%−$8 on $10k
Price spread, last 7 days+0.058%+$6 · spread now −0.028%, 7d avg +0.032%
Together, before fees−0.019%−$2 on $10k · with fees, hour by hour
Funding pays, the price is against you. BingX is 0.060% cheaper against MEXC than usual: you would sell low and buy high (spread −0.028% now, against its 7-day average of +0.032%). If the spread goes back, that is −$6 on $10k: about 5.0 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.077%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ETHFI_USDT0.70350.0060pay 0.0030% / 4h3h 26m$15.9M$4.1M125x
ShortBingX ETHFI-USDT0.70330.0100get 0.0050% / 4h3h 26m$8.8M

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
$8.4
Price spread: −0.028% → +0.032%
−$6
Slippage, 4 orders
−$13.27
Fee MEXC: 2 bp × 2 orders
−$4
Fee BingX: 5 bp × 2 orders
−$10
Net
−$24.87
Costs to cover
0.273%
Break-even
27.7 days
Slippage from MEXC: live order book, 2 min ago; BingX: live order book, 11 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, 2 min ago0.71 bp6.6 bp −$713.0 bp −$13064.7 bp −$6,472179.9 bp −$90.0K
Sell BingX live order book, 11 min ago1.42 bp8.6 bp −$912.5 bp −$12531.8 bp −$3,18095.1 bp −$47.6K

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−0.0636%4h0.7053+0.256%$82K$194K20xas long as short
Deribit ETHFI_USDC-PERPETUAL−0.0460%1h0.7037+0.028%$40K$11K10xas long as short
Kraken Futures PF_ETHFIUSD−0.0305%1h0.7041+0.079%$260K$213K20xas long as short
Orderly PERP_ETHFI_USDC−0.0243%4h0.70350.000%$16K$1K10xas long as short
Bybit ETHFIUSDT−0.0071%4h0.7031−0.057%$17.5M$12.5M25xas long as short
Variational Omni ETHFI+0.0032%4h0.7059+0.345%$985K$703Kas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+2.914%$321$51K5.5xas long as short
MEXC ETHFI_USDTlong+0.0060%4h0.7035long leg$15.9M$4.1M125x
Binance ETHFIUSDT+0.0061%4h0.7029−0.084%$24.4M$35.0M75xas long as short
Extended ETHFI-USD+0.0064%1h0.7028−0.093%$96K$374K10xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex ETHFI-USD-PERP+0.0090%8h0.7040+0.076%$6K5xas long as short
Lighter ETHFI+0.0096%1h0.7045+0.142%$1.1M$841K5xas long as short
Aevo ETHFI-PERP+0.0096%1h0.70350.000%$8K3xas long as short
Hyperliquid ETHFI+0.0100%1h0.7038+0.045%$17.5M$7.9M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7041+0.092%$180K$229K10xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7036+0.014%$5.1M$12.2M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7042+0.100%$1.7M$1.9M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7040+0.071%$1.2M$227K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7037+0.028%$6.0M$5.2M75xas long as short
BingX ETHFI-USDTshort+0.0100%4h0.7033−0.028%$8.8M
Polymarket Perps ETHFI-USD+0.0100%1h0.7048+0.181%$65K$125K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7047+0.171%$2K$1.1M20xas long as short
BloFin ETHFI-USDT+0.0242%4h0.7034−0.014%$1.2M$242K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0544%1h0.7054+0.270%$31K$6K50xas long as short