Funding you earn now, next payment 09:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h +0.012%
Price spread now: Polymarket Perps against MEXC+0.072%7-day average +0.104% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$310.312% of the position
Funding, last 7 days−0.034%−$3 on $10k
+Price spread, last 4 days (all we have)−0.437%−$44 · spread now +0.072%, 7d avg +0.104%
=Funding pays, the price is against you. Polymarket Perps is 0.032% cheaper against MEXC than usual: you would sell low and buy high (spread +0.072% now, against its 7-day average of +0.104%). If the spread goes back, that is −$3 on $10k: about 32 hours of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC ETHFI_USDT | 0.6938 | 0.0020 | pay 0.0010% / 4h | 3h 27m | $15.8M | $4.2M | 125x |
| Short | Polymarket Perps ETHFI-USD | 0.6943 | 0.0100 | get 0.0013% / 1h | 27m 20s | $52K | $149K | 5x |
MEXC ETHFI_USDT
Polymarket Perps ETHFI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- $16.8
- Price spread: +0.072% → +0.104%
- −$3.17
- Slippage, 4 orders
- −$19.19
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$17.55
- Costs to cover
- 0.312%
- Break-even
- 14.3 days
Slippage from MEXC: live order book, 6 min ago; Polymarket Perps: live order book, 36 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, 6 min ago | 0.72 bp | 6.6 bp −$7 | 12.2 bp −$122 | 54.2 bp −$5,425 | 172.0 bp −$86.0K |
| Sell Polymarket Perps live order book, 36 min ago | 2.87 bp | 8.2 bp −$8 | doesn't fit | 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 | −0.0355% | 4h | 0.6924 | −0.202% | $82K | $150K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0326% | 1h | 0.6941 | +0.043% | $41K | $12K | 10x | as long as short |
| Variational Omni ETHFI | −0.0280% | 4h | 0.6935 | −0.038% | $925K | $795K | — | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0280% | 4h | 0.6939 | +0.014% | $16K | $1K | 10x | as long as short |
| Bybit ETHFIUSDT | −0.0164% | 4h | 0.6940 | +0.029% | $17.0M | $13.0M | 25x | as long as short |
| Paradex ETHFI-USD-PERP | −0.0090% | 8h | 0.6938 | −0.005% | $6K | — | 5x | as long as short |
| MEXC ETHFI_USDTlong | +0.0020% | 4h | 0.6938 | long leg | $15.8M | $4.2M | 125x | |
| Aster ETHFIUSDT | +0.0021% | 4h | 0.6941 | +0.047% | $178K | $230K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0024% | 4h | 0.6939 | +0.014% | $24.3M | $35.8M | 75x | as long as short |
| Extended ETHFI-USD | +0.0024% | 1h | 0.6935 | −0.045% | $94K | $501K | 10x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Variational Omni ETHFI
Orderly PERP_ETHFI_USDC
Bybit ETHFIUSDT
Paradex ETHFI-USD-PERP
Aster ETHFIUSDT
Binance ETHFIUSDT
Extended ETHFI-USDShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +4.353% | $321 | $51K | 5.5x | as long as short |
| BloFin ETHFI-USDT | +0.0070% | 4h | 0.6931 | −0.101% | $1.2M | $231K | 75x | as long as short |
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.6944 | +0.084% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.6954 | +0.223% | $1.1M | $833K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6939 | +0.016% | $16.6M | $8.6M | 5x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6943 | +0.072% | $5.1M | $12.5M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6942 | +0.058% | $1.7M | $1.9M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.6935 | −0.043% | $1.1M | $212K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6940 | +0.029% | $6.1M | $4.3M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.6944 | +0.086% | — | $10.7M | — | as long as short |
| Polymarket Perps ETHFI-USDshort | +0.0100% | 1h | 0.6943 | +0.072% | $52K | $149K | 5x | |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6950 | +0.173% | $2K | $1.1M | 20x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0336% | 1h | 0.7020 | +1.182% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0869% | 1h | 0.6955 | +0.245% | $293K | $289K | 20x | as long as short |
Injective ETHFI/USDC PERP
BloFin ETHFI-USDT
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
SunX ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD