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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 04:00 UTC+0.0152%/8h= +16.6% APRnext payment +$0.19 per $10,000 · paid last 24h +0.028%
Price spread now: Hibachi against Jupiter Perps+0.148%7-day average +0.019% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Jupiter PerpsShort on Hibachi
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.042%−$4 on $10k
Price spread, last 4 days (all we have)−0.154%−$15 · spread now +0.148%, 7d avg +0.019%
Together, before fees−0.196%+ Points / potential airdropHibachi: Active · farm board−$20 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Hibachi is 0.129% dearer against Jupiter Perps than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.019%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongJupiter Perps ETH-PERP2,735.5L +0.0096% / S +0.0056%pay 0.0012% / 1h50m 59s—$30.5M500x
ShortHibachi ETH/USDT-P2,739.60.0248get 0.0031% / 1h50m 59s$252K$1.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hibachi 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
$31.92
Price spread: +0.148% → +0.019%
$12.87
Slippage, 4 orders
no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Fee Hibachi: 4.5 bp × 2 orders
−$9
Net
$23.79
Costs to cover
0.210%
Break-even
1.8 days
Slippage unknown: Jupiter Perps: no order-book sample; Hibachi: live order book, 3 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 Hibachi live order book, 3 min ago0.02 bp6.0 bp −$613.7 bp −$137doesn't fitdoesn't fit
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%43m2,735.2−0.014%$300K$5.5M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,739.3+0.138%$118K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,736.3+0.028%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,736.5+0.035%$12.0M—200xas long as short
dYdX ETH-USD0.0000%1h2,736.2+0.024%$10.8M$41.7M50xas long as short
01 Exchange ETHUSD0.0000%1h2,736.3+0.028%$181K$834K50xas long as short
Phoenix ETH0.0000%1h2,741.2+0.207%$832K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,736.1+0.021%$25.7M—200xas long as short
Bullet ETH-USD+0.0047%1h2,735.9+0.013%$180K$1.7M20xas long as short
SoDEX ETH-USD+0.0049%1h2,735.8+0.010%$54.5M$187.6M40xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0056%8h2,737.6+0.075%—$1.14B—as long as short
OKX ETH-USDT-SWAP+0.0071%8h2,737.9+0.086%$1.68B$10.62B100xas long as short
KuCoin ETHUSDTM+0.0072%8h2,737.7+0.081%$381.2M$573.3M100xas long as short
Aster ETHUSDT+0.0083%8h2,737.4+0.066%$253.1M$840.5M200xas long as short
Aevo ETH-PERP+0.0088%1h2,733.1−0.088%$4.9M$154K20xas long as short
MEXC ETH_USDT+0.0091%8h2,737.7+0.079%$1.56B$2.52B500xas long as short
Binance ETHUSDT+0.0091%8h2,737.5+0.070%$6.36B$15.71B150xas long as short
Lighter ETH+0.0096%1h2,736.3+0.028%$112.6M$432.2M50xas long as short
Lighter RH ETH+0.0096%1h2,737.5+0.072%$24.2M$103.7M50xas long as short
Jupiter Perps ETH-PERPlongL +0.0096% / S +0.0056%1h2,735.5long leg—$30.5M500x
RISEx ETH/USDC+0.0099%1h2,736.3+0.029%$5.6M$11.4M25xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,739.5+0.146%$15.8M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,735.2−0.012%$499K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,735.5−0.001%$13.9M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,738+0.088%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,736.4+0.032%$31.6M$335.1M50xas long as short
Bybit ETHUSDT+0.0100%8h2,737.5+0.071%$2.43B$4.19B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,735.3−0.009%$2.7M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,736+0.017%$2.8M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,740.8+0.191%$166.9M$306.7M25xas long as short
Gate ETH_USDT+0.0100%8h2,736.5+0.033%$3.38B$8.69B200xas long as short
Bitget ETHUSDT+0.0100%8h2,737.8+0.081%$2.08B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,736.1+0.020%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,734.9−0.023%$133.1M$324.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,738+0.089%$182.0M$665.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,739+0.126%$159.4M$84.4M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,738+0.088%$8.7M$30.7M100xas long as short
StandX ETH-USD+0.0100%1h2,739.3+0.138%$21.1M$69.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,736.9+0.050%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,737.2+0.061%$10.9M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,737.3+0.064%$41.4M$29.7M15xas long as short
SunX ETH-USDT+0.0100%8h2,735.3−0.009%$960K$11.4M100xas long as short
HTX ETH-USDT+0.0100%8h2,735.8+0.010%$1.06B$1.18B200xas long as short
Phemex ETHUSDT+0.0100%8h2,736+0.017%$265.9M$65.1M150xas long as short
Extended ETH-USD+0.0104%1h2,736.8+0.045%$30.6M$72.4M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,737.5+0.071%$51.1M$4.26B50xas long as short
Aftermath Perps ETHUSD+0.0123%1h2,739+0.128%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0156%8h2,736.3+0.028%$7.7M$672.9M4.9xas long as short
Orderly PERP_ETH_USDC+0.0194%8h2,737.8+0.082%$32.2M$11.4M100xas long as short
Deribit ETH-PERPETUAL+0.0196%1h2,737.5+0.071%$260.0M$194.6M50xas long as short
BloFin ETH-USDT+0.0211%8h2,735.5−0.001%$285.2M$172.6M150xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,736.6+0.039%$85.6M$310.0M100xas long as short
Reya ETHRUSDPERP+0.0224%1h2,735.3−0.010%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-Pshort+0.0248%1h2,739.6+0.148%$252K$1.4M20x
Bluefin ETH-PERP+0.1422%1h2,736.1+0.022%$21K$20K25xas long as short