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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0253%/8h= +27.7% APRpaid last 24h +0.030%
Price spread now: BloFin against Jupiter Perps−0.013%52s7-day average −0.020% · you buy dearer than you sell
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)+0.094%+$9 on $10k
Price spread, last 4 days (all we have)−0.040%−$4 · spread now −0.013%, 7d avg −0.020%
Together, before fees+0.054%+$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.020%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongJupiter Perps ETH-PERP2,723.6L +0.0096% / S +0.0048%pay 0.0012% / 1h42m 18s$31.1M500x
ShortBloFin ETH-USDT2,723.20.0349get 0.0349% / 8h2h 42m$282.0M$174.1M150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Jupiter Perps. 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
$53.04
Price spread: −0.013% → −0.020%
$0.69
Slippage, 4 orders
no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
$29.72
Costs to cover
0.240%
Break-even
3.1 days
Slippage unknown: Jupiter Perps: no order-book sample; BloFin: live order book, 7 min ago. 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 Jupiter Perps no order-book sample
Sell BloFin live order book, 7 min ago0.05 bp6.1 bp −$66.1 bp −$616.1 bp −$6147.3 bp −$3,649
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%43m2,723.60.000%$286K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,723.8+0.009%$5K$1K50xas long as short
HTX ETH-USDT−0.0012%8h2,722.8−0.029%$1.05B$1.21B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,723.3−0.010%$11.9M200xas long as short
Phoenix ETH−0.0009%1h2,727+0.126%$814K$3.0M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,723.4−0.005%$28.0M200xas long as short
Injective ETH/USDC PERP+0.0009%1h2,727.5+0.145%$117K$22.5M52xas long as short
dYdX ETH-USD+0.0017%1h2,725+0.053%$10.7M$42.2M50xas long as short
BingX ETH-USDT+0.0033%8h2,723−0.020%$1.13Bas long as short
01 Exchange ETHUSD+0.0040%1h2,723.5−0.002%$185K$784K50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0041%8h2,723.2−0.013%$2.35B$4.40B150xas long as short
SunX ETH-USDT+0.0063%8h2,722.5−0.041%$955K$11.2M100xas long as short
Aftermath Perps ETHUSD+0.0066%1h2,727+0.125%$30K$20K20xas long as short
Bullet ETH-USD+0.0066%1h2,722.9−0.024%$178K$1.7M20xas long as short
KuCoin ETHUSDTM+0.0071%8h2,723.2−0.015%$376.7M$576.8M100xas long as short
Aevo ETH-PERP+0.0080%1h2,721.3−0.083%$4.9M$155K20xas long as short
Aster ETHUSDT+0.0080%8h2,723.1−0.016%$252.0M$843.5M200xas long as short
Binance ETHUSDT+0.0087%8h2,723.1−0.016%$6.31B$16.00B150xas long as short
MEXC ETH_USDT+0.0087%8h2,723.1−0.017%$1.56B$2.56B500xas long as short
OKX ETH-USDT-SWAP+0.0088%8h2,723.60.000%$1.66B$10.74B100xas long as short
Phemex ETHUSDT+0.0089%8h2,723.2−0.013%$263.4M$64.1M150xas long as short
Lighter ETH+0.0096%1h2,724.3+0.027%$111.6M$430.0M50xas long as short
Lighter RH ETH+0.0096%1h2,725.6+0.073%$23.4M$102.8M50xas long as short
Jupiter Perps ETH-PERPlongL +0.0096% / S +0.0048%1h2,723.6long leg$31.1M500x
Katana Perps ETH-USD+0.0100%8h2,723−0.020%$498K$3.4M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,725.5+0.071%$15.3M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,724.8+0.045%$13.7M$104.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,725.1+0.057%$3.08B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,724.3+0.029%$31.8M$333.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,722.6−0.035%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,723.8+0.008%$1.5M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,723.8+0.010%$163.8M$329.7M25xas long as short
Gate ETH_USDT+0.0100%8h2,723.1−0.015%$3.32B$8.86B200xas long as short
Bitget ETHUSDT+0.0100%8h2,723.3−0.010%$2.07B$2.74B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,722.6−0.037%$14.9M$43.1M50xas long as short
Variational Omni ETH+0.0100%8h2,725.3+0.065%$134.6M$325.1Mas long as short
edgeX ETHUSDC+0.0100%4h2,727.9+0.160%$183.2M$672.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,726.9+0.124%$158.6M$87.3M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,726.8+0.118%$8.7M$31.2M100xas long as short
StandX ETH-USD+0.0100%1h2,727.9+0.159%$21.0M$73.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,724.6+0.039%$860K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,724.2+0.024%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,723.7+0.006%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,724.7+0.044%$40.8M$30.1M15xas long as short
SoDEX ETH-USD+0.0100%1h2,723.5−0.002%$54.2M$187.9M40xas long as short
Extended ETH-USD+0.0104%1h2,722.7−0.033%$30.5M$74.0M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,724.3+0.025%$49.9M$4.27B50xas long as short
Deribit ETH-PERPETUAL+0.0106%1h2,724.7+0.041%$258.4M$203.5M50xas long as short
RISEx ETH/USDC+0.0108%1h2,723.7+0.004%$5.6M$11.7M25xas long as short
Kalshi KXETHPERP+0.0158%8h2,725.5+0.071%$6.3M$689.9M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0176%1h2,724.2+0.024%$82.8M$316.0M100xas long as short
Orderly PERP_ETH_USDC+0.0188%8h2,726.2+0.095%$32.0M$11.5M100xas long as short
Reya ETHRUSDPERP+0.0203%1h2,722.4−0.044%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0240%1h2,725.6+0.074%$249K$1.4M20xas long as short
BloFin ETH-USDTshort+0.0349%8h2,723.2−0.013%$282.0M$174.1M150x