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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0048%/8h= −5.3% APRnext payment $0.06 per $10,000 · paid last 24h −0.051%
Price spread now: Jupiter Perps against dYdX+0.010%7-day average −0.005% · 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)−0.322%−$32 on $10k
Price spread, last 4 days (all we have)−0.017%−$2 · spread now +0.010%, 7d avg −0.005%
Together, before fees−0.339%−$34 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ETH-USD2,727.80get 0.0000% / 1h43m 21s$10.5M$42.9M50x
ShortJupiter Perps ETH-PERP2,728.1L +0.0104% / S +0.0048%pay 0.0006% / 1h43m 21s$30.6M500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Jupiter Perps against dYdX. 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
−$10.08
Price spread: +0.010% → −0.005%
$1.5
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Net
−$30.58
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: dYdX: live order book, 1 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 dYdX live order book, 1 min ago4.03 bp9.0 bp −$99.0 bp −$9020.8 bp −$2,08236.9 bp −$18.4K
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
ApeX Omni ETHUSDT−0.0115%1h2,726.2−0.057%$8.6M$31.5M100xas long as short
Perpl ETH−0.0112%43m2,727.5−0.010%$290K$5.8M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,728.3+0.018%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,727.80.000%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,729.4+0.058%$12.0M200xas long as short
Phoenix ETH−0.0006%1h2,725.4−0.088%$816K$3.0M25xas long as short
dYdX ETH-USDlong0.0000%1h2,727.8long leg$10.5M$42.9M50x
Kalshi KXETHPERP0.0000%8h2,728.7+0.033%$6.7M$690.9M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,728.4+0.021%$262.6M$215.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,729.5+0.063%$32.9M200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETH-USDT+0.0007%8h2,727.6−0.006%$1.05B$1.23B200xas long as short
01 Exchange ETHUSD+0.0024%1h2,728.9+0.040%$191K$892K50xas long as short
BingX ETH-USDC+0.0031%8h2,728.1+0.010%$18.5Mas long as short
Bybit ETHUSDT+0.0037%8h2,727.4−0.013%$2.34B$4.43B150xas long as short
Aftermath Perps ETHUSD+0.0072%1h2,728.7+0.031%$30K$20K20xas long as short
KuCoin ETHUSDTM+0.0077%8h2,728.4+0.023%$378.5M$577.5M100xas long as short
SoDEX ETH-USD+0.0080%1h2,727.7−0.004%$54.3M$187.4M40xas long as short
SunX ETH-USDT+0.0085%8h2,727.2−0.022%$956K$11.1M100xas long as short
Aster ETHUSDT+0.0086%8h2,727.5−0.009%$252.0M$850.6M200xas long as short
OKX ETH-USDT-SWAP+0.0091%8h2,727.5−0.012%$1.65B$10.96B100xas long as short
MEXC ETH_USDT+0.0094%8h2,728.6+0.028%$1.52B$2.58B500xas long as short
Binance ETHUSDT+0.0094%8h2,727.8−0.001%$6.33B$16.19B150xas long as short
Lighter ETH+0.0096%1h2,728.4+0.022%$112.0M$433.8M50xas long as short
Lighter RH ETH+0.0096%1h2,729.4+0.059%$23.4M$102.9M50xas long as short
Aevo ETH-PERP+0.0096%1h2,727.4−0.013%$4.9M$165K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,728.4+0.022%$509K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,731.2+0.124%$15.3M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,728.8+0.037%$14.0M$106.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,730.7+0.106%$3.11B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,728.8+0.035%$32.0M$333.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,728.2+0.015%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,729.2+0.052%$1.5M$16.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,725.9−0.069%$161.8M$340.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,728.9+0.042%$3.28B$8.95B200xas long as short
Bitget ETHUSDT+0.0100%8h2,727.9+0.005%$2.09B$2.80B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,727.5−0.012%$15.0M$42.0M50xas long as short
Variational Omni ETH+0.0100%8h2,723.1−0.173%$133.0M$326.2Mas long as short
edgeX ETHUSDC+0.0100%4h2,724.6−0.119%$184.7M$683.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,726.3−0.055%$158.4M$87.7M50xas long as short
StandX ETH-USD+0.0100%1h2,729.6+0.066%$21.0M$69.0M40xas long as short
Vest ETH-PERP+0.0100%1h2,729.4+0.059%$767K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,729.4+0.059%$11.2M$9.5M50xas long as short
Bullet ETH-USD+0.0100%1h2,728.8+0.037%$179K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,729+0.044%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,730.3+0.091%$40.9M$30.2M15xas long as short
Phemex ETHUSDT+0.0100%8h2,728.5+0.024%$263.0M$65.0M150xas long as short
Extended ETH-USD+0.0104%1h2,727.5−0.010%$30.4M$74.1M50xas long as short
Jupiter Perps ETH-PERPshortL +0.0104% / S +0.0048%1h2,728.1+0.010%$30.6M500x
Coinbase International ETH-PERP-INTX+0.0112%1h2,729.3+0.056%$50.3M$4.32B50xas long as short
RISEx ETH/USDC+0.0115%1h2,729.3+0.054%$5.6M$11.8M25xas long as short
Orderly PERP_ETH_USDC+0.0187%8h2,730.9+0.115%$32.2M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0193%1h2,727.5−0.011%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0211%1h2,728.6+0.028%$83.6M$311.5M100xas long as short
Hibachi ETH/USDT-P+0.0264%1h2,729.3+0.057%$245K$1.4M20xas long as short
BloFin ETH-USDT+0.0377%8h2,728+0.008%$282.2M$175.5M150xas long as short