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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0096%/8h= −10.5% APRnext payment $0.12 per $10,000 · paid last 24h +0.040%
Price spread now: dYdX against Jupiter Perps−0.002%7-day average +0.005% · 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)+0.180%+$18 on $10k
Price spread, last 3 days (all we have)−0.020%−$2 · spread now −0.002%, 7d avg +0.005%
Together, before fees+0.161%+$16 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: −$3 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.180%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongJupiter Perps ETH-PERP2,774.5L +0.0096% / S +0.0048%pay 0.0012% / 1h55m 14s$42.8M500x
ShortdYdX ETH-USD2,774.40get 0.0000% / 1h55m 14s$13.0M$45.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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
−$20.16
Price spread: −0.002% → +0.005%
−$0.7
Slippage, 4 orders
no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$42.86
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: Jupiter Perps: no order-book sample; dYdX: 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 dYdX live order book, 4 min ago7.02 bp12.0 bp −$1212.0 bp −$12016.0 bp −$1,59844.6 bp −$22.3K
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%43m2,775.7+0.046%$290K$6.9M8.3xas long as short
ApeX Omni ETHUSDT−0.0318%1h2,773.3−0.044%$10.5M$30.9M100xas long as short
Injective ETH/USDC PERP−0.0107%1h2,774.7+0.008%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,776.1+0.059%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0048%1h2,776.2+0.062%$172K$1.2M50xas long as short
Phoenix ETH−0.0032%1h2,776.7+0.081%$799K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,775.6+0.042%$5.9M$12.0M25xas long as short
dYdX ETH-USDshort0.0000%1h2,774.4−0.002%$13.0M$45.3M50x
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,778+0.126%$22.4M200xas long as short
BingX ETH-USDT+0.0017%8h2,777+0.092%$1.20Bas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex ETHUSDT+0.0017%8h2,777.1+0.093%$267.2M$66.0M150xas long as short
OKX ETH-USDT-SWAP+0.0022%8h2,776.7+0.080%$1.71B$11.93B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,777.9+0.123%$13.1M200xas long as short
Aftermath Perps ETHUSD+0.0029%1h2,779.4+0.179%$29K$22K20xas long as short
Aevo ETH-PERP+0.0040%1h2,775.4+0.033%$5.0M$636K20xas long as short
Binance ETHUSDT+0.0044%8h2,777.4+0.106%$6.47B$17.27B150xas long as short
MEXC ETH_USDT+0.0044%8h2,777.3+0.101%$1.61B$2.61B500xas long as short
Aster ETHUSDT+0.0046%8h2,776.9+0.088%$256.7M$998.6M200xas long as short
Gate ETH_USDT+0.0055%8h2,777.2+0.097%$3.29B$9.51B200xas long as short
SoDEX ETH-USD+0.0072%1h2,777.1+0.095%$55.3M$228.5M40xas long as short
Bitget ETHUSDT+0.0074%8h2,777.1+0.094%$2.10B$3.14B150xas long as short
Bullet ETH-USD+0.0084%1h2,776.9+0.088%$188K$1.8M20xas long as short
Variational Omni ETH+0.0092%8h2,775.7+0.046%$140.7M$320.1Mas long as short
Lighter ETH+0.0096%1h2,777.6+0.112%$115.4M$506.5M50xas long as short
Lighter RH ETH+0.0096%1h2,779+0.164%$25.5M$121.3M50xas long as short
Jupiter Perps ETH-PERPlongL +0.0096% / S +0.0048%1h2,774.5long leg$42.8M500x
Paradex ETH-USD-PERP+0.0100%8h2,776+0.056%$15.9M$11.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,776.7+0.081%$493K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,775.7+0.045%$16.2M$115.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,779.7+0.189%$3.21B$2.41B25xas long as short
Pacifica ETH+0.0100%1h2,775.3+0.030%$31.2M$281.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,776.9+0.088%$2.52B$4.65B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,773.7−0.028%$2.9M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,777.2+0.099%$2.8M$17.7M25xas long as short
Bulk ETH-USD+0.0100%1h2,780.5+0.218%$165.0M$263.0M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,777.2+0.100%$427.0M$748.8M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,778.1+0.131%$15.4M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,775.2+0.027%$177.5M$786.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,775.6+0.042%$161.5M$98.8M50xas long as short
StandX ETH-USD+0.0100%1h2,776.9+0.088%$21.4M$57.4M40xas long as short
Vest ETH-PERP+0.0100%1h2,776.8+0.083%$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,778.4+0.142%$10.8M$7.9M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,777.7+0.118%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,779.7+0.190%$43.0M$29.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,776.8+0.085%$973K$14.3M100xas long as short
HTX ETH-USDT+0.0100%8h2,777+0.091%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,776.9+0.086%$31.6M$76.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,779+0.162%$60.4M$4.67B50xas long as short
Kalshi KXETHPERP+0.0111%8h2,776.6+0.077%$8.5M$671.7M4.9xas long as short
Orderly PERP_ETH_USDC+0.0128%8h2,780.1+0.204%$32.6M$11.7M100xas long as short
BloFin ETH-USDT+0.0164%8h2,777.1+0.093%$287.5M$197.2M150xas long as short
Deribit ETH-PERPETUAL+0.0171%1h2,779.2+0.171%$258.9M$223.2M50xas long as short
Reya ETHRUSDPERP+0.0194%1h2,776.3+0.065%$7.5M$992K25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,778.7+0.153%$88.8M$331.2M100xas long as short
Hibachi ETH/USDT-P+0.0352%1h2,775+0.019%$273K$1.5M20xas long as short