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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0120%/8h= −13.1% APRnext payment $0.15 per $10,000 · paid last 24h −0.010%
Price spread now: 01 Exchange against Jupiter Perps−0.008%7-day average +0.009% · 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)−0.052%−$5 on $10k
Price spread, last 3 days (all we have)+0.036%+$4 · spread now −0.008%, 7d avg +0.009%
Together, before fees−0.015%−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.009%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongJupiter Perps ETH-PERP2,777.4L +0.0104% / S +0.0048%pay 0.0013% / 1h58m 37s$41.8M500x
Short01 Exchange ETHUSD2,777.2−0.0016pay 0.0002% / 1h58m 37s$169K$1.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$25.2
Price spread: −0.008% → +0.009%
−$1.66
Slippage, 4 orders
no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$45.86
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Jupiter Perps: no order-book sample; 01 Exchange: live order book, 1 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 01 Exchange live order book, 1 min ago0.18 bp4.9 bp −$59.4 bp −$94doesn'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%43m2,777.1−0.012%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,778.6+0.041%$5.7M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,777.3−0.004%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,777.4−0.001%$5K$2K50xas long as short
01 Exchange ETHUSDshort−0.0016%1h2,777.2−0.008%$169K$1.2M50x
Aftermath Perps ETHUSD−0.0004%1h2,776.8−0.023%$29K$22K20xas long as short
Bullet ETH-USD−0.0001%1h2,776.8−0.022%$181K$1.7M20xas long as short
dYdX ETH-USD0.0000%1h2,777.9+0.017%$12.7M$45.9M50xas long as short
Phoenix ETH0.0000%1h2,777.6+0.007%$881K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,777.7+0.011%$22.4M200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0014%8h2,778.3+0.031%$17.4Mas long as short
OKX ETH-USDT-SWAP+0.0018%8h2,778.8+0.050%$1.70B$11.88B100xas long as short
Phemex ETHUSDT+0.0022%8h2,777.1−0.012%$270.5M$68.8M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,777.7+0.009%$12.9M200xas long as short
Aster ETHUSDT+0.0034%8h2,778.5+0.039%$254.9M$995.7M200xas long as short
Deribit ETH-PERPETUAL+0.0034%1h2,778.5+0.040%$258.7M$222.8M50xas long as short
SoDEX ETH-USD+0.0042%1h2,776.9−0.019%$55.3M$229.0M40xas long as short
ApeX Omni ETHUSDT+0.0058%1h2,777.6+0.005%$8.8M$32.7M100xas long as short
MEXC ETH_USDT+0.0061%8h2,778.8+0.049%$1.60B$2.62B500xas long as short
Binance ETHUSDT+0.0061%8h2,778.5+0.038%$6.44B$17.23B150xas long as short
Bitget ETHUSDT+0.0064%8h2,778.7+0.047%$2.10B$3.10B150xas long as short
Aevo ETH-PERP+0.0064%1h2,774.5−0.106%$5.0M$636K20xas long as short
Gate ETH_USDT+0.0071%8h2,777.3−0.005%$3.30B$9.55B200xas long as short
HTX ETH-USDT+0.0087%8h2,776.6−0.029%$1.08B$1.32B200xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,778.1+0.025%$60.1M$4.61B50xas long as short
Bybit ETHUSDT+0.0091%8h2,778.9+0.053%$2.52B$4.63B150xas long as short
KuCoin ETHUSDTM+0.0092%8h2,777.4−0.002%$423.4M$739.5M100xas long as short
Vest ETH-PERP+0.0095%1h2,777.5+0.002%$1.1M50xas long as short
Lighter ETH+0.0096%1h2,778.7+0.044%$115.3M$491.9M50xas long as short
Lighter RH ETH+0.0096%1h2,779.3+0.069%$25.4M$120.2M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,778.3+0.032%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,777.1−0.012%$477K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,776.5−0.035%$14.3M$118.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,780.1+0.097%$3.19B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,779.1+0.061%$31.3M$306.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,777.9+0.017%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,780.1+0.096%$2.7M$17.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,777.9+0.019%$168.1M$250.4M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,777.7+0.011%$15.1M$44.1M50xas long as short
Variational Omni ETH+0.0100%8h2,775.9−0.054%$147.5M$336.8Mas long as short
edgeX ETHUSDC+0.0100%4h2,777−0.014%$181.7M$781.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.9−0.019%$161.5M$90.7M50xas long as short
StandX ETH-USD+0.0100%1h2,778.5+0.039%$21.5M$58.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,777.8+0.014%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,778.1+0.025%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,779.2+0.065%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,776.9−0.020%$974K$13.9M100xas long as short
Extended ETH-USD+0.0104%1h2,778.2+0.029%$32.6M$77.5M50xas long as short
Jupiter Perps ETH-PERPlongL +0.0104% / S +0.0048%1h2,777.4long leg$41.8M500x
Kraken Futures PF_ETHUSD+0.0123%1h2,778.2+0.028%$86.5M$332.6M100xas long as short
Kalshi KXETHPERP+0.0125%8h2,777.8+0.014%$8.3M$681.6M4.9xas long as short
Orderly PERP_ETH_USDC+0.0135%8h2,779.7+0.083%$32.6M$12.0M100xas long as short
BloFin ETH-USDT+0.0181%8h2,776.8−0.023%$285.0M$195.0M150xas long as short
Reya ETHRUSDPERP+0.0196%1h2,776.4−0.037%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0288%1h2,777.5+0.003%$270K$1.5M20xas long as short