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+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h 0.000%
Price spread now: Vest against Jupiter Perps−0.063%7-day average +0.006% · 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)−0.012%−$1 on $10k
Price spread, last 3 days (all we have)−0.068%−$7 · spread now −0.063%, 7d avg +0.006%
Together, before fees−0.080%+ Points / potential airdropVest: Active · farm board−$8 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: Vest is 0.069% cheaper against Jupiter Perps than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongJupiter Perps ETH-PERP2,776.5L +0.0096% / S +0.0048%pay 0.0012% / 1h55m 54s$46.4M500x
ShortVest ETH-PERP2,774.80.0100get 0.0013% / 1h55m 54s$1.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest 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
$0.86
Price spread: −0.063% → +0.006%
−$6.93
Slippage, 4 orders
no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Fee Vest: 1 bp × 2 orders
−$2
Net
−$20.08
Costs to cover
0.140%
Break-even
171.0 days
Slippage unknown: Jupiter Perps: no order-book sample; Vest: no order-book sample. 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 Vest no order-book sample
Jupiter Perps and Vest: 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%43m2,774.1−0.088%$290K$6.9M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,773.8−0.097%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,776.1−0.015%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0048%1h2,772.9−0.130%$172K$1.2M50xas long as short
Phoenix ETH−0.0032%1h2,776.7+0.007%$794K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,773−0.125%$5.8M$12.0M25xas long as short
dYdX ETH-USD0.0000%1h2,775.9−0.023%$13.0M$45.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,774.8−0.061%$22.4M200xas long as short
Phemex ETHUSDT+0.0015%8h2,774.3−0.079%$267.0M$66.0M150xas long as short
BingX ETH-USDT+0.0017%8h2,773.4−0.113%$1.20Bas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX ETH-USD+0.0021%1h2,774.6−0.069%$55.2M$228.5M40xas long as short
OKX ETH-USDT-SWAP+0.0022%8h2,773.6−0.103%$1.71B$11.92B100xas long as short
Aftermath Perps ETHUSD+0.0027%1h2,780.1+0.130%$29K$22K20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,774.7−0.064%$13.1M200xas long as short
Binance ETHUSDT+0.0044%8h2,773.7−0.102%$6.46B$17.35B150xas long as short
MEXC ETH_USDT+0.0045%8h2,774.1−0.086%$1.61B$2.61B500xas long as short
Aster ETHUSDT+0.0047%8h2,773.6−0.104%$256.4M$1.00B200xas long as short
Aevo ETH-PERP+0.0048%1h2,773.3−0.117%$5.0M$636K20xas long as short
Gate ETH_USDT+0.0053%8h2,773.5−0.107%$3.29B$9.51B200xas long as short
ApeX Omni ETHUSDT+0.0054%1h2,780.8+0.156%$10.5M$30.9M100xas long as short
Bitget ETHUSDT+0.0074%8h2,773.7−0.101%$2.09B$3.14B150xas long as short
Bullet ETH-USD+0.0080%1h2,773.8−0.098%$188K$1.8M20xas long as short
Variational Omni ETH+0.0093%8h2,785.4+0.321%$141.2M$320.4Mas long as short
Lighter ETH+0.0096%1h2,774.9−0.058%$115.3M$506.2M50xas long as short
Lighter RH ETH+0.0096%1h2,776.3−0.007%$25.5M$121.3M50xas long as short
Jupiter Perps ETH-PERPlongL +0.0096% / S +0.0048%1h2,776.5long leg$46.4M500x
Paradex ETH-USD-PERP+0.0100%8h2,775.5−0.035%$15.9M$11.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,773.6−0.105%$493K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,772.5−0.143%$16.3M$115.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,777.2+0.025%$3.20B$2.41B25xas long as short
Pacifica ETH+0.0100%1h2,775.6−0.033%$31.2M$281.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,773.4−0.112%$2.51B$4.65B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,773.7−0.101%$2.9M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,775.2−0.048%$2.8M$17.7M25xas long as short
Bulk ETH-USD+0.0100%1h2,780.5+0.144%$165.0M$263.0M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,773.2−0.121%$426.5M$750.0M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,774.9−0.059%$15.4M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,782+0.197%$177.9M$785.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,780.7+0.152%$161.8M$98.4M50xas long as short
StandX ETH-USD+0.0100%1h2,776.9+0.014%$21.4M$57.4M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,774.9−0.058%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,774.9−0.058%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,777.4+0.032%$43.0M$30.0M15xas long as short
SunX ETH-USDT+0.0100%8h2,774.9−0.059%$973K$14.4M100xas long as short
HTX ETH-USDT+0.0100%8h2,774.1−0.085%$1.08B$1.32B200xas long as short
Vest ETH-PERPshort+0.0100%1h2,774.8−0.063%$1.1M50x
Extended ETH-USD+0.0104%1h2,773.2−0.119%$31.6M$76.7M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,776.1−0.016%$60.3M$4.66B50xas long as short
Kalshi KXETHPERP+0.0111%8h2,776.2−0.011%$8.5M$672.1M4.9xas long as short
Orderly PERP_ETH_USDC+0.0127%8h2,777.3+0.029%$32.6M$11.7M100xas long as short
Deribit ETH-PERPETUAL+0.0143%1h2,777.1+0.020%$258.9M$224.0M50xas long as short
BloFin ETH-USDT+0.0166%8h2,775.9−0.022%$287.4M$197.8M150xas long as short
Reya ETHRUSDPERP+0.0194%1h2,772.5−0.144%$7.5M$998K25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,775.9−0.021%$88.7M$331.8M100xas long as short
Hibachi ETH/USDT-P+0.0344%1h2,778.2+0.063%$274K$1.5M20xas long as short