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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0148%/8h= −16.2% APRnext payment $0.19 per $10,000 · paid last 24h −0.040%
Price spread now: Jupiter Perps against Bulk+0.217%7-day average −0.004% · 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)−0.137%−$14 on $10k
Price spread, last 3 days (all we have)−0.247%−$25 · spread now +0.217%, 7d avg −0.004%
Together, before fees−0.384%−$38 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Jupiter Perps is 0.221% dearer against Bulk than usual: you sell high and buy low (spread +0.217% now, against its 7-day average of −0.004%): +$22 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 5.0 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk ETH-USD2,770.80.0100pay 0.0013% / 1h1m 43s$166.1M$253.0M25x
ShortJupiter Perps ETH-PERP2,776.8L +0.0104% / S +0.0048%pay 0.0006% / 1h1m 43s$41.8M500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Jupiter Perps against Bulk. 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: +0.217% → −0.004%
$22.09
Slippage, 4 orders
no order book: not counted
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Net
−$27.99
Costs to cover
0.190%
Break-even
from the start
Slippage unknown: Bulk: live order book, 2 min ago; 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 Bulk live order book, 2 min ago0.02 bp3.5 bp −$43.5 bp −$353.6 bp −$3574.7 bp −$2,345
Sell Jupiter Perps no order-book sample
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%43m2,776.6+0.209%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,775.8+0.181%$5.7M$11.9M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,777+0.223%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,771.7+0.032%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,776.5+0.205%$169K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,777.1+0.225%$12.7M$45.8M50xas long as short
Phoenix ETH0.0000%1h2,775.6+0.172%$885K$3.7M25xas long as short
Aftermath Perps ETHUSD+0.0002%1h2,775.7+0.175%$29K$22K20xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,777+0.224%$22.4M200xas long as short
Deribit ETH-PERPETUAL+0.0016%1h2,777.7+0.247%$258.7M$222.7M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0018%8h2,775.7+0.176%$1.70B$11.87B100xas long as short
Bullet ETH-USD+0.0022%1h2,776.2+0.194%$182K$1.7M20xas long as short
Phemex ETHUSDT+0.0023%8h2,776.3+0.199%$270.5M$68.9M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,776.9+0.218%$12.9M200xas long as short
Aster ETHUSDT+0.0033%8h2,776.4+0.202%$254.7M$995.3M200xas long as short
ApeX Omni ETHUSDT+0.0047%1h2,770.8−0.001%$8.7M$32.6M100xas long as short
Nado ETH-PERP+0.0056%1h2,776+0.185%$14.3M$118.2M50xas long as short
Aevo ETH-PERP+0.0056%1h2,773.9+0.110%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0060%8h2,775.8+0.178%$1.60B$2.68B500xas long as short
Binance ETHUSDT+0.0061%8h2,775.9+0.182%$6.44B$17.23B150xas long as short
SoDEX ETH-USD+0.0061%1h2,776.1+0.190%$55.3M$229.0M40xas long as short
Bitget ETHUSDT+0.0066%8h2,776.6+0.207%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0073%8h2,776.6+0.209%$3.30B$9.69B200xas long as short
HTX ETH-USDT+0.0088%8h2,775.8+0.181%$1.08B$1.32B200xas long as short
Bybit ETHUSDT+0.0092%8h2,776+0.185%$2.52B$4.62B150xas long as short
BingX ETH-USDC+0.0092%8h2,776.2+0.194%$17.4Mas long as short
KuCoin ETHUSDTM+0.0093%8h2,776.6+0.208%$422.4M$739.2M100xas long as short
Lighter ETH+0.0096%1h2,776.8+0.216%$115.2M$503.5M50xas long as short
Lighter RH ETH+0.0096%1h2,778.1+0.261%$25.5M$122.0M50xas long as short
Vest ETH-PERP+0.0097%1h2,776.8+0.214%$1.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,776.1+0.191%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,776.5+0.205%$477K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,779.3+0.306%$3.19B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,776.8+0.215%$31.2M$303.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,775.8+0.180%$2.8M$17.1M25xas long as short
Arcus ETH-USD+0.0100%1h2,777.4+0.235%$2.7M$17.2M25xas long as short
Bulk ETH-USDlong+0.0100%1h2,770.8long leg$166.1M$253.0M25x
Backpack ETH_USDC_PERP+0.0100%1h2,776.4+0.200%$15.1M$44.1M50xas long as short
Variational Omni ETH+0.0100%8h2,773.7+0.104%$147.3M$337.0Mas long as short
edgeX ETHUSDC+0.0100%4h2,774.2+0.122%$181.6M$781.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,775.7+0.176%$161.4M$90.8M50xas long as short
StandX ETH-USD+0.0100%1h2,776.9+0.219%$21.4M$58.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,777.2+0.230%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,777.1+0.225%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,778.6+0.280%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,775.3+0.162%$974K$14.0M100xas long as short
Extended ETH-USD+0.0104%1h2,776+0.188%$32.6M$77.5M50xas long as short
Jupiter Perps ETH-PERPshortL +0.0104% / S +0.0048%1h2,776.8+0.217%$41.8M500x
Coinbase International ETH-PERP-INTX+0.0104%1h2,777.5+0.239%$60.0M$4.60B50xas long as short
Kalshi KXETHPERP+0.0127%8h2,777.1+0.226%$8.4M$681.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0135%8h2,779.1+0.297%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0169%1h2,777.3+0.235%$86.4M$332.5M100xas long as short
BloFin ETH-USDT+0.0180%8h2,776.5+0.206%$284.8M$194.9M150xas long as short
Reya ETHRUSDPERP+0.0196%1h2,775.8+0.181%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0288%1h2,778.3+0.269%$270K$1.5M20xas long as short