Funding you earn now, next payment 08:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.06 per $10,000 · paid last 24h −0.011%
Price spread now: Bitget against MEXC−0.099%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$470.466% of the position
Funding, last 7 days−0.039%−$4 on $10k
+Price spread, last 7 days+0.047%+$5 · spread now −0.099%, 7d avg +0.014%
=Funding pays, the price is against you. Bitget is 0.113% cheaper against MEXC than usual: you would sell low and buy high (spread −0.099% now, against its 7-day average of +0.014%). If the spread goes back, that is −$11 on $10k: about 31 days of funding at the current rate ($0 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC ETHFI_USDT | 0.7047 | 0.0088 | pay 0.0044% / 4h | 3h 52m | $16.0M | $4.0M | 125x |
| Short | Bitget ETHFIUSDT | 0.7040 | 0.0100 | get 0.0050% / 4h | 3h 52m | $6.0M | $5.2M | 75x |
MEXC ETHFI_USDT
Bitget ETHFIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against MEXC. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $2.52
- Price spread: −0.099% → +0.014%
- −$11.31
- Slippage, 4 orders
- −$30.58
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$55.37
- Costs to cover
- 0.466%
- Break-even
- 160.8 days
Slippage from MEXC: live order book, 1 min ago; Bitget: live order book, 5 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy MEXC live order book, 1 min ago | 0.71 bp | 5.5 bp −$5 | 13.8 bp −$138 | 76.1 bp −$7,609 | 181.7 bp −$90.8K |
| Sell Bitget live order book, 5 min ago | 2.13 bp | 17.6 bp −$18 | 36.9 bp −$369 | doesn't fit | doesn't fit |
ETHFI on 24 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.1060% | 4h | 0.7027 | −0.284% | $85K | $171K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0317% | 1h | 0.7052 | +0.071% | $40K | $11K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0304% | 1h | 0.7053 | +0.078% | $264K | $209K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0237% | 4h | 0.7047 | 0.000% | $16K | $1K | 10x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0001% | 8h | 0.7038 | −0.126% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +2.739% | $321 | $51K | 5.5x | as long as short |
| Variational Omni ETHFI | +0.0065% | 4h | 0.7037 | −0.145% | $980K | $703K | — | as long as short |
| Binance ETHFIUSDT | +0.0087% | 4h | 0.7044 | −0.041% | $24.4M | $35.1M | 75x | as long as short |
| Extended ETHFI-USD | +0.0088% | 1h | 0.7047 | −0.004% | $95K | $379K | 10x | as long as short |
| MEXC ETHFI_USDTlong | +0.0088% | 4h | 0.7047 | long leg | $16.0M | $4.0M | 125x |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
Orderly PERP_ETHFI_USDC
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
Variational Omni ETHFI
Binance ETHFIUSDT
Extended ETHFI-USDShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFI | +0.0096% | 1h | 0.7061 | +0.194% | $1.1M | $841K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7046 | −0.013% | $17.5M | $7.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7055 | +0.119% | $180K | $224K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7042 | −0.071% | $17.6M | $12.6M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7048 | +0.014% | $5.1M | $12.3M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7053 | +0.085% | $1.7M | $1.9M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7047 | 0.000% | $1.2M | $229K | 50x | as long as short |
| Bitget ETHFIUSDTshort | +0.0100% | 4h | 0.7040 | −0.099% | $6.0M | $5.2M | 75x | |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7048 | +0.014% | — | $8.8M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7052 | +0.074% | $70K | $118K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7057 | +0.142% | $1K | $1.1M | 20x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7055 | +0.114% | $8K | — | 3x | as long as short |
| BloFin ETHFI-USDT | +0.0327% | 4h | 0.7048 | +0.014% | $1.2M | $244K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0544% | 1h | 0.7075 | +0.397% | $31K | $6K | 50x | as long as short |
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Aevo ETHFI-PERP
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX