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Funding arb · Price arb /

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Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.001%
Price spread now: Variational Omni against Jupiter Perps−0.113%7-day average −0.017% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Jupiter PerpsShort on Variational Omni
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.006%−$1 on $10k
Price spread, last 3 days (all we have)+0.133%+$13 · spread now −0.113%, 7d avg −0.017%
Together, before fees+0.128%+ Points / potential airdropVariational Omni: Active · farm board+$13 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: Variational Omni is 0.096% cheaper against Jupiter Perps than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.017%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongJupiter Perps ETH-PERP2,776.8L +0.0104% / S +0.0048%pay 0.0013% / 1h1m 57s—$41.8M500x
ShortVariational Omni ETH2,773.70.0100get 0.0100% / 8h1h 01m$147.3M$337.0M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

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

Funding on every exchange

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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: −0.113% → −0.017%
−$9.61
Slippage, 4 orders
no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$22.45
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Jupiter Perps: no order-book sample; Variational Omni: RFQ quote, 2 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 Variational Omni RFQ quote, 2 min ago0.61 bpdoesn't fit0.7 bp −$72.3 bp −$227doesn'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%43m2,776.6−0.008%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,775.8−0.036%$5.7M$11.9M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,777+0.005%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,771.7−0.185%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,776.5−0.013%$169K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,777.1+0.008%$12.7M$45.8M50xas long as short
Phoenix ETH0.0000%1h2,775.6−0.045%$885K$3.7M25xas long as short
Aftermath Perps ETHUSD+0.0002%1h2,775.7−0.042%$29K$22K20xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,777+0.006%$22.4M—200xas long as short
BingX ETH-USDT+0.0014%8h2,776.8−0.004%—$1.21B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ETH-PERPETUAL+0.0016%1h2,777.7+0.029%$258.7M$222.7M50xas long as short
OKX ETH-USDT-SWAP+0.0018%8h2,776.7−0.004%$1.70B$11.87B100xas long as short
Bullet ETH-USD+0.0022%1h2,776.2−0.023%$182K$1.7M20xas long as short
Phemex ETHUSDT+0.0023%8h2,776.3−0.018%$270.5M$68.9M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,776.9+0.001%$12.9M—200xas long as short
Aster ETHUSDT+0.0033%8h2,776.6−0.010%$254.7M$995.3M200xas long as short
ApeX Omni ETHUSDT+0.0047%1h2,770.8−0.218%$8.7M$32.6M100xas long as short
Nado ETH-PERP+0.0056%1h2,776−0.032%$14.3M$118.2M50xas long as short
Aevo ETH-PERP+0.0056%1h2,773.9−0.108%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0059%8h2,776.7−0.007%$1.60B$2.68B500xas long as short
Binance ETHUSDT+0.0061%8h2,776.6−0.008%$6.44B$17.23B150xas long as short
SoDEX ETH-USD+0.0061%1h2,776.1−0.027%$55.3M$229.0M40xas long as short
Bitget ETHUSDT+0.0066%8h2,776.4−0.015%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0073%8h2,776.6−0.009%$3.30B$9.69B200xas long as short
HTX ETH-USDT+0.0088%8h2,775.8−0.036%$1.08B$1.32B200xas long as short
Bybit ETHUSDT+0.0092%8h2,777+0.005%$2.52B$4.62B150xas long as short
KuCoin ETHUSDTM+0.0094%8h2,776.4−0.018%$422.3M$739.4M100xas long as short
Lighter ETH+0.0096%1h2,776.7−0.006%$115.2M$503.5M50xas long as short
Lighter RH ETH+0.0096%1h2,778.2+0.048%$25.5M$122.0M50xas long as short
Vest ETH-PERP+0.0097%1h2,776.8−0.003%—$1.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,775.9−0.033%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,776.5−0.013%$477K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,779.1+0.081%$3.19B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,776.80.000%$31.2M$303.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,775.8−0.038%$2.8M$17.1M25xas long as short
Arcus ETH-USD+0.0100%1h2,777.4+0.018%$2.7M$17.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.8−0.217%$166.1M$253.0M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,776.4−0.017%$15.1M$44.1M50xas long as short
Variational Omni ETHshort+0.0100%8h2,773.7−0.113%$147.3M$337.0M—
edgeX ETHUSDC+0.0100%4h2,774.2−0.095%$181.6M$781.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,775.7−0.042%$161.4M$90.8M50xas long as short
StandX ETH-USD+0.0100%1h2,776.9+0.002%$21.4M$58.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,777.2+0.013%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,777.1+0.008%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,778.6+0.062%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,775.3−0.056%$974K$14.0M100xas long as short
Extended ETH-USD+0.0104%1h2,776−0.030%$32.6M$77.5M50xas long as short
Jupiter Perps ETH-PERPlongL +0.0104% / S +0.0048%1h2,776.8long leg—$41.8M500x
Coinbase International ETH-PERP-INTX+0.0104%1h2,777.5+0.022%$60.0M$4.60B50xas long as short
Kalshi KXETHPERP+0.0127%8h2,777.1+0.009%$8.4M$681.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0135%8h2,779.1+0.080%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0169%1h2,777.3+0.018%$86.4M$332.5M100xas long as short
BloFin ETH-USDT+0.0180%8h2,776.5−0.011%$284.8M$194.9M150xas long as short
Reya ETHRUSDPERP+0.0196%1h2,775.8−0.036%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0288%1h2,778.3+0.052%$270K$1.5M20xas long as short