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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0089%/8h= −9.8% APRnext payment $0.11 per $10,000 · paid last 24h −0.027%
Price spread now: gTrade (Gains Network) against Jupiter Perps+0.039%7-day average −0.003% · 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)−0.090%−$9 on $10k
Price spread, last 4 days (all we have)+0.017%+$2 · spread now +0.039%, 7d avg −0.003%
Together, before fees−0.073%−$7 on $10k · with fees, hour by hour
The price spread pays, funding is against you. gTrade (Gains Network) is 0.042% dearer against Jupiter Perps than usual: you sell high and buy low (spread +0.039% now, against its 7-day average of −0.003%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 37 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongJupiter Perps ETH-PERP2,733.6L +0.0096% / S +0.0048%pay 0.0012% / 1h3m 47s$30.9M500x
ShortgTrade (Gains Network) ETH/USD2,734.7L +0.0007% / S −0.0007%get 0.0001% / 1h3m 47s$28.1M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
−$18.79
Price spread: +0.039% → −0.003%
$4.18
Slippage, 4 orders
no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Net
−$33.61
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Jupiter Perps: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), just now. 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 gTrade (Gains Network) virtual book (oracle venue), just now0.53 bp4.0 bp −$44.1 bp −$415.0 bp −$5018.9 bp −$4,454
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%43m2,733−0.023%$297K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,734.2+0.021%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,733.8+0.006%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,734.6+0.035%$11.9M200xas long as short
01 Exchange ETHUSD0.0000%1h2,734.2+0.021%$187K$821K50xas long as short
Phoenix ETH0.0000%1h2,733.9+0.010%$826K$2.9M25xas long as short
dYdX ETH-USD+0.0001%1h2,736.7+0.112%$10.7M$41.9M50xas long as short
gTrade (Gains Network) ETH/USDshortL +0.0007% / S −0.0007%1h2,734.7+0.039%$28.1M200x
Bullet ETH-USD+0.0014%1h2,734.2+0.022%$179K$1.7M20xas long as short
HTX ETH-USDT+0.0020%8h2,733.3−0.014%$1.06B$1.20B200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0044%8h2,734.7+0.040%$18.5Mas long as short
Bybit ETHUSDT+0.0054%8h2,735.5+0.067%$2.38B$4.35B150xas long as short
ApeX Omni ETHUSDT+0.0063%1h2,732.3−0.050%$8.7M$31.3M100xas long as short
KuCoin ETHUSDTM+0.0066%8h2,735.3+0.060%$380.4M$573.5M100xas long as short
OKX ETH-USDT-SWAP+0.0075%8h2,736.6+0.108%$1.67B$10.72B100xas long as short
Phemex ETHUSDT+0.0081%8h2,735.3+0.059%$265.8M$65.2M150xas long as short
Aster ETHUSDT+0.0086%8h2,736+0.087%$251.2M$841.9M200xas long as short
MEXC ETH_USDT+0.0094%8h2,735.5+0.067%$1.55B$2.57B500xas long as short
Binance ETHUSDT+0.0096%8h2,736.1+0.091%$6.36B$15.87B150xas long as short
Lighter ETH+0.0096%1h2,736.5+0.105%$112.9M$442.0M50xas long as short
Lighter RH ETH+0.0096%1h2,737.1+0.126%$23.5M$106.8M50xas long as short
Jupiter Perps ETH-PERPlongL +0.0096% / S +0.0048%1h2,733.6long leg$30.9M500x
Aevo ETH-PERP+0.0096%1h2,732−0.060%$4.9M$155K20xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,737.1+0.126%$15.5M$8.0M50xas long as short
RISEx ETH/USDC+0.0099%1h2,734.4+0.029%$5.6M$11.7M25xas long as short
Katana Perps ETH-USD+0.0100%8h2,733.5−0.005%$500K$3.3M50xas long as short
Nado ETH-PERP+0.0100%1h2,733.4−0.007%$13.6M$104.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,737.7+0.149%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,734.4+0.027%$32.0M$335.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,732.7−0.034%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,734.4+0.028%$1.6M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,733.7+0.001%$169.4M$313.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,735.3+0.062%$3.34B$8.93B200xas long as short
Bitget ETHUSDT+0.0100%8h2,735.7+0.074%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,734.5+0.032%$15.1M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,732−0.060%$133.7M$324.6Mas long as short
edgeX ETHUSDC+0.0100%4h2,732.4−0.046%$183.8M$670.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,733.6−0.002%$159.0M$86.4M50xas long as short
StandX ETH-USD+0.0100%1h2,733.5−0.005%$21.1M$68.2M40xas long as short
Vest ETH-PERP+0.0100%1h2,734.8+0.043%$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,736+0.087%$11.2M$9.3M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,734.2+0.022%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,736+0.088%$41.3M$29.8M15xas long as short
SunX ETH-USDT+0.0100%8h2,732.5−0.041%$957K$11.3M100xas long as short
SoDEX ETH-USD+0.0100%1h2,734.5+0.032%$54.5M$187.6M40xas long as short
Extended ETH-USD+0.0104%1h2,734.4+0.027%$30.4M$72.9M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,736.5+0.104%$51.2M$4.27B50xas long as short
Aftermath Perps ETHUSD+0.0117%1h2,734+0.014%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0130%8h2,734.2+0.021%$6.6M$678.8M4.9xas long as short
Deribit ETH-PERPETUAL+0.0163%1h2,735.9+0.081%$259.6M$196.3M50xas long as short
Orderly PERP_ETH_USDC+0.0197%8h2,736.9+0.119%$32.2M$11.7M100xas long as short
Reya ETHRUSDPERP+0.0216%1h2,733.6−0.001%$7.3M$1.2M25xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,735.8+0.080%$83.3M$314.9M100xas long as short
Hibachi ETH/USDT-P+0.0280%1h2,734.2+0.020%$249K$1.4M20xas long as short
BloFin ETH-USDT+0.0378%8h2,733.5−0.006%$283.3M$175.7M150xas long as short