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

ETH

all ETH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.020%
Price spread now: Bluefin against Jupiter Perps+0.014%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
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongJupiter Perps ETH-PERP2,738L +0.0096% / S +0.0056%pay 0.0012% / 1h29m 00s$30.9M500x
ShortBluefin ETH-PERP2,738.40.0100get 0.0013% / 1h29m 00s$21K$20K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bluefin 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
$0.84
Price spread: +0.014% → 0.000%
$1.36
Slippage, 4 orders
no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
−$16.8
Costs to cover
0.190%
Break-even
147.0 days
Slippage unknown: Jupiter Perps: no order-book sample; Bluefin: 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 Jupiter Perps no order-book sample
Sell Bluefin no order-book sample
Jupiter Perps and Bluefin: 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%43m2,738.2+0.005%$298K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,730.9−0.260%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,738.3+0.010%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,738.3+0.010%$12.0M200xas long as short
dYdX ETH-USD0.0000%1h2,739+0.036%$10.8M$41.6M50xas long as short
01 Exchange ETHUSD0.0000%1h2,737.8−0.008%$188K$822K50xas long as short
Phoenix ETH0.0000%1h2,738.5+0.018%$831K$2.9M25xas long as short
Bullet ETH-USD+0.0006%1h2,7380.000%$179K$1.7M20xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,738.3+0.011%$28.1M200xas long as short
ApeX Omni ETHUSDT+0.0036%1h2,732.9−0.186%$8.7M$31.3M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0056%8h2,736.4−0.058%$18.5Mas long as short
Phemex ETHUSDT+0.0061%8h2,737.4−0.022%$266.2M$65.6M150xas long as short
HTX ETH-USDT+0.0062%8h2,737−0.037%$1.06B$1.20B200xas long as short
KuCoin ETHUSDTM+0.0066%8h2,737.7−0.012%$380.5M$575.0M100xas long as short
Bybit ETHUSDT+0.0069%8h2,734.6−0.126%$2.39B$4.35B150xas long as short
OKX ETH-USDT-SWAP+0.0069%8h2,735−0.109%$1.67B$10.72B100xas long as short
SoDEX ETH-USD+0.0078%1h2,737.6−0.015%$54.5M$187.6M40xas long as short
Deribit ETH-PERPETUAL+0.0079%1h2,739+0.037%$260.2M$196.1M50xas long as short
Aster ETHUSDT+0.0087%8h2,738−0.001%$251.2M$843.7M200xas long as short
Aevo ETH-PERP+0.0088%1h2,735.4−0.096%$4.9M$155K20xas long as short
MEXC ETH_USDT+0.0090%8h2,736.6−0.051%$1.53B$2.56B500xas long as short
Binance ETHUSDT+0.0093%8h2,735.8−0.080%$6.35B$15.87B150xas long as short
Lighter ETH+0.0096%1h2,737.6−0.016%$113.2M$438.7M50xas long as short
Lighter RH ETH+0.0096%1h2,739.3+0.046%$23.4M$106.1M50xas long as short
Jupiter Perps ETH-PERPlongL +0.0096% / S +0.0056%1h2,738long leg$30.9M500x
Paradex ETH-USD-PERP+0.0098%8h2,742.9+0.180%$15.5M$8.0M50xas long as short
RISEx ETH/USDC+0.0099%1h2,7380.000%$5.6M$11.6M25xas long as short
Katana Perps ETH-USD+0.0100%8h2,737.4−0.023%$500K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,737.7−0.012%$13.8M$104.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,738.3+0.010%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,738.6+0.021%$31.9M$334.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,738.2+0.007%$2.7M$17.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,738.2+0.007%$1.6M$16.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,728.7−0.342%$166.6M$310.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,736−0.074%$3.34B$8.88B200xas long as short
Bitget ETHUSDT+0.0100%8h2,736−0.073%$2.07B$2.74B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,735.9−0.079%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,736.1−0.070%$133.6M$325.4Mas long as short
edgeX ETHUSDC+0.0100%4h2,736.5−0.055%$184.1M$672.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,737.2−0.030%$159.2M$86.8M50xas long as short
StandX ETH-USD+0.0100%1h2,737.2−0.030%$21.1M$68.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,738.9+0.033%$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,739.7+0.061%$11.2M$9.1M50xas long as short
Bluefin ETH-PERPshort+0.0100%1h2,738.4+0.014%$21K$20K25x
Derive ETH-PERP+0.0100%1h2,739.5+0.053%$41.4M$29.8M15xas long as short
SunX ETH-USDT+0.0100%8h2,737.2−0.032%$959K$11.4M100xas long as short
Extended ETH-USD+0.0104%1h2,736.9−0.042%$30.3M$72.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,738.8+0.029%$51.5M$4.28B50xas long as short
Aftermath Perps ETHUSD+0.0124%1h2,735.3−0.098%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0144%8h2,738.6+0.021%$6.6M$678.1M4.9xas long as short
Orderly PERP_ETH_USDC+0.0193%8h2,740.4+0.086%$32.2M$11.5M100xas long as short
Reya ETHRUSDPERP+0.0221%1h2,737.4−0.022%$7.3M$1.2M25xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,738.3+0.009%$83.5M$314.8M100xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,739.3+0.045%$254K$1.4M20xas long as short
BloFin ETH-USDT+0.0371%8h2,737.3−0.026%$282.5M$175.6M150xas long as short