After costs, if the gap returns to its 7d average, $10k−$45
spread now+0.055%7d average+0.046%fees + slippage, in and out−$46spread needed0.461%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC ETHFI_USDT | 0.7231 | 0.0100 | pay 0.0050% / 4h | 1h 32m | $15.2M | $3.7M | 125x |
| Short | Bybit ETHFIUSDT | 0.7235 | −0.0115 | pay 0.0057% / 4h | 1h 32m | $18.6M | $12.5M | 25x |
Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $5.53
- Funding while held
- −$6.44
- Slippage, 4 orders
- −$31.13
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$47.04
- Spread needed to break even
- 0.461%
Slippage from MEXC: live order book, 2 min ago; Bybit: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0215%
- Per $10,000 a day
- −$6.44
- Average in range /8h
- —
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, 2 min ago | 0.69 bp | 7.0 bp −$7 | 13.4 bp −$134 | 59.4 bp −$5,936 | 145.3 bp −$72.7K |
| Sell Bybit live order book, 2 min ago | 0.69 bp | 16.3 bp −$16 | 48.6 bp −$486 | doesn't fit | doesn't fit |
ETHFI price on every exchange
against the cheapest. Click to use as the short leg.ETHFI on 24 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.401% | −0.0094% | 4h | $83K | $153K | 20x | as long as short |
| BloFin ETHFI-USDT | −0.166% | +0.0340% | 4h | $1.3M | $293K | 75x | as long as short |
| Aevo ETHFI-PERP | −0.163% | +0.0104% | 1h | $9K | — | 3x | as long as short |
| Extended ETHFI-USD | −0.134% | +0.0104% | 1h | $96K | $484K | 10x | as long as short |
| Paradex ETHFI-USD-PERP | −0.128% | −0.0058% | 8h | $6K | — | 5x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.111% | −0.0138% | 4h | $17K | $1K | 10x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.069% | −0.0027% | 1h | $44K | $18K | 10x | as long as short |
| Gate ETHFI_USDT | −0.041% | +0.0100% | 4h | $1.7M | $2.0M | 75x | as long as short |
| Variational Omni ETHFI | −0.031% | −0.0089% | 4h | $1.1M | $777K | — | as long as short |
| Bitget ETHFIUSDT | −0.014% | −0.0016% | 4h | $6.2M | $5.5M | 75x | as long as short |
Show all 24 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX ETHFI-USDC | −0.014% | +0.0100% | 4h | — | $1.2M | — | as long as short |
| SunX ETHFI-USDT | −0.014% | +0.0100% | 4h | $2K | $1.0M | 20x | as long as short |
| Aster ETHFIUSDT | −0.006% | +0.0100% | 4h | $183K | $238K | 10x | as long as short |
| Binance ETHFIUSDT | 0.000% | +0.0100% | 4h | $25.4M | $35.2M | 75x | as long as short |
| MEXC ETHFI_USDTlong | 0.000% | +0.0100% | 4h | $15.2M | $3.7M | 125x | |
| KuCoin ETHFIUSDTM | 0.000% | +0.0100% | 4h | $1.2M | $263K | 50x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.028% | +0.0100% | 4h | $4.9M | $12.1M | 20x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.034% | −0.0346% | 1h | $281K | $173K | 20x | as long as short |
| Lighter ETHFI | +0.041% | +0.0096% | 1h | $1.2M | $678K | 5x | as long as short |
| Bybit ETHFIUSDTshort | +0.055% | −0.0115% | 4h | $18.6M | $12.5M | 25x | |
| Polymarket Perps ETHFI-USD | +0.068% | +0.0100% | 1h | $49K | $55K | 5x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.124% | +0.0464% | 1h | $32K | $9K | 50x | as long as short |
| Hyperliquid ETHFI | +0.238% | +0.0100% | 1h | $19.7M | $7.3M | 5x | as long as short |
| Injective ETHFI/USDC PERP | +2.904% | +0.0033% | 1h | $330 | $56K | 5.5x | as long as short |
MEXC ETHFI_USDT
Bybit ETHFIUSDT
HTX
BloFin
Extended
Paradex
Deribit
Gate
Variational Omni
Bitget
BingX
SunX
Aster
Binance
KuCoin
OKX
Kraken Futures
Lighter
Polymarket Perps
Coinbase International
Hyperliquid
Injective