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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0148%/8h= −16.2% APRnext payment $0.19 per $10,000 · paid last 24h −0.062%
Price spread now: Jupiter Perps against Bluefin+0.039%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. Jupiter Perps is 0.039% dearer against Bluefin than usual: you sell high and buy low (spread +0.039% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 21 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin ETH-PERP2,770.80.0100pay 0.0013% / 1h50m 20s$21K$25K25x
ShortJupiter Perps ETH-PERP2,771.9L +0.0096% / S +0.0048%pay 0.0006% / 1h50m 20s$42.6M500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Jupiter Perps against Bluefin. 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
−$31.08
Price spread: +0.039% → 0.000%
$3.9
Slippage, 4 orders
no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Net
−$46.18
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Bluefin: no order-book sample; Jupiter Perps: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bluefin no order-book sample
Sell Jupiter Perps no order-book sample
Bluefin and Jupiter Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ETH on 55 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
Perpl ETH−0.0447%43m2,771.1+0.012%$289K$6.9M8.3xas long as short
ApeX Omni ETHUSDT−0.0176%1h2,772.5+0.061%$10.5M$31.0M100xas long as short
Injective ETH/USDC PERP−0.0107%1h2,774.7+0.141%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,770.4−0.014%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0072%1h2,771.1+0.012%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,776.7+0.214%$797K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,771.2+0.015%$5.8M$12.0M25xas long as short
dYdX ETH-USD0.0000%1h2,771.5+0.024%$12.9M$45.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,770.6−0.005%$22.4M200xas long as short
OKX ETH-USDT-SWAP+0.0022%8h2,769.2−0.056%$1.70B$11.90B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex ETHUSDT+0.0024%8h2,770.1−0.025%$266.5M$66.0M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,770.5−0.011%$13.0M200xas long as short
Aftermath Perps ETHUSD+0.0039%1h2,774.9+0.149%$29K$22K20xas long as short
Aevo ETH-PERP+0.0040%1h2,768.4−0.085%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0043%8h2,770.3−0.016%$1.59B$2.63B500xas long as short
Aster ETHUSDT+0.0043%8h2,770.3−0.018%$255.8M$999.1M200xas long as short
Binance ETHUSDT+0.0043%8h2,769.7−0.039%$6.44B$17.26B150xas long as short
Gate ETH_USDT+0.0056%8h2,769.6−0.044%$3.29B$9.54B200xas long as short
SoDEX ETH-USD+0.0070%1h2,769.1−0.061%$55.1M$228.6M40xas long as short
Bitget ETHUSDT+0.0073%8h2,770.2−0.020%$2.09B$3.14B150xas long as short
Bullet ETH-USD+0.0080%1h2,769.5−0.046%$187K$1.8M20xas long as short
Variational Omni ETH+0.0091%8h2,769.8−0.034%$141.1M$319.9Mas long as short
Lighter ETH+0.0096%1h2,771.3+0.019%$115.2M$508.1M50xas long as short
Lighter RH ETH+0.0096%1h2,772.2+0.052%$25.3M$121.8M50xas long as short
Jupiter Perps ETH-PERPshortL +0.0096% / S +0.0048%1h2,771.9+0.039%$42.6M500x
Paradex ETH-USD-PERP+0.0100%8h2,772.1+0.048%$15.9M$11.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,771.2+0.015%$490K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,770.9+0.003%$16.1M$115.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,773.7+0.105%$3.20B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,771.4+0.023%$31.2M$281.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,769.4−0.049%$2.51B$4.65B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,771.1+0.012%$2.9M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,773.2+0.086%$2.8M$17.7M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.8+0.002%$164.5M$255.4M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,770.7−0.002%$426.3M$745.3M100xas long as short
BingX ETH-USDC+0.0100%8h2,770.1−0.023%$17.3Mas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,770.9+0.003%$15.4M$42.5M50xas long as short
edgeX ETHUSDC+0.0100%4h2,772.9+0.078%$178.4M$789.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,777+0.226%$161.5M$98.2M50xas long as short
StandX ETH-USD+0.0100%1h2,771.2+0.015%$21.4M$57.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,771.3+0.018%$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,772.5+0.062%$10.8M$7.8M50xas long as short
Bluefin ETH-PERPlong+0.0100%1h2,770.8long leg$21K$25K25x
Derive ETH-PERP+0.0100%1h2,772.1+0.049%$42.8M$29.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,769.6−0.043%$972K$14.3M100xas long as short
HTX ETH-USDT+0.0100%8h2,768.9−0.068%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,770.6−0.007%$31.6M$76.3M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,771.4+0.021%$60.2M$4.65B50xas long as short
Kalshi KXETHPERP+0.0113%8h2,770.9+0.004%$8.6M$671.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0128%8h2,772.6+0.066%$32.5M$11.8M100xas long as short
Deribit ETH-PERPETUAL+0.0151%1h2,771.3+0.019%$258.9M$223.4M50xas long as short
BloFin ETH-USDT+0.0163%8h2,769−0.064%$286.4M$197.5M150xas long as short
Reya ETHRUSDPERP+0.0192%1h2,769.4−0.050%$7.5M$992K25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,770.9+0.004%$88.5M$331.2M100xas long as short
Hibachi ETH/USDT-P+0.0376%1h2,771.8+0.035%$273K$1.5M20xas long as short