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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Deribit against Jupiter Perps+0.138%7-day average +0.028% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Jupiter PerpsShort on Deribit
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.011%−$1 on $10k
Price spread, last 4 days (all we have)−0.390%−$39 · spread now +0.138%, 7d avg +0.028%
Together, before fees−0.402%−$40 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Deribit is 0.109% dearer against Jupiter Perps than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.028%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongJupiter Perps ETH-PERP2,741.3L +0.0096% / S +0.0056%pay 0.0012% / 1h44m 49s—$30.9M500x
ShortDeribit ETH-PERPETUAL2,745.10.0100get 0.0013% / 1h44m 49s$258.8M$195.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against Jupiter Perps. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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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: +0.138% → +0.028%
$10.93
Slippage, 4 orders
no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$7.23
Costs to cover
0.190%
Break-even
67.2 days
Slippage unknown: Jupiter Perps: no order-book sample; Deribit: live order book, 4 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 Deribit live order book, 4 min ago0.82 bp4.8 bp −$55.3 bp −$5310.6 bp −$1,05719.4 bp −$9,704
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−0.0112%43m2,742.9+0.060%$305K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,741.6+0.011%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,744.7+0.124%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,743.7+0.087%$12.1M—200xas long as short
dYdX ETH-USD0.0000%1h2,742.9+0.058%$10.8M$41.8M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,743.8+0.089%$22.2M—200xas long as short
Phoenix ETH+0.0017%1h2,740.6−0.026%$845K$2.9M25xas long as short
01 Exchange ETHUSD+0.0040%1h2,744.1+0.102%$182K$916K50xas long as short
BingX ETH-USDT+0.0047%8h2,743.4+0.077%—$1.15B—as long as short
OKX ETH-USDT-SWAP+0.0061%8h2,743.2+0.067%$1.70B$10.58B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0064%8h2,744.5+0.115%$376.7M$598.0M100xas long as short
RISEx ETH/USDC+0.0077%1h2,744.2+0.105%$5.7M$11.2M25xas long as short
Aster ETHUSDT+0.0078%8h2,744.4+0.111%$252.4M$841.2M200xas long as short
Aevo ETH-PERP+0.0080%1h2,741.2−0.003%$4.9M$159K20xas long as short
MEXC ETH_USDT+0.0087%8h2,743.3+0.074%$1.56B$2.53B500xas long as short
Binance ETHUSDT+0.0088%8h2,743.3+0.071%$6.38B$15.72B150xas long as short
Lighter ETH+0.0096%1h2,743.3+0.074%$112.8M$431.9M50xas long as short
Lighter RH ETH+0.0096%1h2,744.3+0.110%$24.7M$103.4M50xas long as short
Jupiter Perps ETH-PERPlongL +0.0096% / S +0.0056%1h2,741.3long leg—$30.9M500x
Coinbase International ETH-PERP-INTX+0.0096%1h2,744.9+0.130%$59.0M$4.27B50xas long as short
Bullet ETH-USD+0.0096%1h2,743.5+0.081%$182K$1.7M20xas long as short
HTX ETH-USDT+0.0097%8h2,743.4+0.076%$1.06B$1.18B200xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,746.7+0.196%$16.1M$7.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,743.3+0.073%$469K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,743.6+0.085%$13.9M$106.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,744.8+0.127%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,742.9+0.058%$31.6M$334.0M50xas long as short
Bybit ETHUSDT+0.0100%8h2,741.9+0.022%$2.45B$4.19B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,741.30.000%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,744.2+0.104%$2.7M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,743.5+0.081%$165.1M$304.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,743.4+0.075%$3.40B$8.68B200xas long as short
Bitget ETHUSDT+0.0100%8h2,742.9+0.056%$2.08B$2.74B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,743.2+0.069%$15.0M$40.9M50xas long as short
Variational Omni ETH+0.0100%8h2,740.4−0.034%$132.4M$336.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,739.2−0.078%$181.4M$691.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,739.8−0.056%$159.3M$82.0M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,740.9−0.014%$8.7M$31.1M100xas long as short
StandX ETH-USD+0.0100%1h2,740.9−0.015%$21.2M$69.4M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,744.6+0.120%$10.9M$8.7M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,744+0.096%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,745.7+0.160%$41.6M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,740.6−0.028%$962K$11.5M100xas long as short
SoDEX ETH-USD+0.0100%1h2,743.9+0.095%$54.6M$187.5M40xas long as short
Deribit ETH-PERPETUALshort+0.0100%1h2,745.1+0.138%$258.8M$195.7M50x
Phemex ETHUSDT+0.0100%8h2,743.4+0.078%$266.9M$65.1M150xas long as short
Vest ETH-PERP+0.0100%1h2,743.7+0.088%—$819K50xas long as short
Extended ETH-USD+0.0104%1h2,744.3+0.109%$30.6M$72.5M50xas long as short
Aftermath Perps ETHUSD+0.0131%1h2,743.4+0.076%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0152%8h2,743.7+0.087%$7.7M$668.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0187%8h2,746.4+0.186%$32.3M$11.1M100xas long as short
BloFin ETH-USDT+0.0208%8h2,742.9+0.059%$286.0M$177.5M150xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,744.6+0.119%$87.4M$310.1M100xas long as short
Reya ETHRUSDPERP+0.0225%1h2,743.5+0.079%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0240%1h2,740.9−0.017%$249K$1.4M20xas long as short