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−0.0240%/8h= −26.3% APRnext payment $0.30 per $10,000 · paid last 24h −0.051%
Price spread now: Jupiter Perps against Reya+0.089%7-day average +0.033% · 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)−0.167%−$17 on $10k
Price spread, last 3 days (all we have)+0.092%+$9 · spread now +0.089%, 7d avg +0.033%
Together, before fees−0.076%+ Points / potential airdropReya: Active · farm board−$8 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Jupiter Perps is 0.056% dearer against Reya than usual: you sell high and buy low (spread +0.089% now, against its 7-day average of +0.033%): +$6 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 19 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya ETHRUSDPERP2,769.40.0192pay 0.0024% / 1h50m 04s$7.5M$992K25x
ShortJupiter Perps ETH-PERP2,771.9L +0.0096% / S +0.0048%pay 0.0006% / 1h50m 04s$42.6M500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Jupiter Perps against Reya. 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
−$50.39
Price spread: +0.089% → +0.033%
$5.63
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Net
−$62.75
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; Jupiter Perps: 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 Reya no order-book sample
Sell Jupiter Perps no order-book sample
Reya and 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%43m2,771.1+0.062%$289K$6.9M8.3xas long as short
ApeX Omni ETHUSDT−0.0176%1h2,772.5+0.112%$10.5M$31.0M100xas long as short
Injective ETH/USDC PERP−0.0107%1h2,774.7+0.192%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,770.4+0.036%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0072%1h2,771.1+0.062%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,776.7+0.264%$797K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,771.2+0.065%$5.8M$12.0M25xas long as short
dYdX ETH-USD0.0000%1h2,771.5+0.074%$12.9M$45.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,770.6+0.045%$22.4M200xas long as short
Phemex ETHUSDT+0.0021%8h2,769.1−0.010%$266.4M$65.9M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,769−0.013%$1.70B$11.90B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,770.5+0.039%$13.0M200xas long as short
Aftermath Perps ETHUSD+0.0039%1h2,774.9+0.199%$29K$22K20xas long as short
Aevo ETH-PERP+0.0040%1h2,768.4−0.035%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0043%8h2,769.3−0.002%$1.60B$2.63B500xas long as short
Aster ETHUSDT+0.0043%8h2,769.2−0.006%$255.7M$999.2M200xas long as short
Binance ETHUSDT+0.0043%8h2,769.3−0.003%$6.44B$17.26B150xas long as short
Gate ETH_USDT+0.0056%8h2,769.2−0.005%$3.29B$9.54B200xas long as short
SoDEX ETH-USD+0.0071%1h2,769.2−0.007%$55.1M$228.6M40xas long as short
Bitget ETHUSDT+0.0073%8h2,769.1−0.010%$2.09B$3.14B150xas long as short
Bullet ETH-USD+0.0080%1h2,769.5+0.004%$187K$1.8M20xas long as short
Variational Omni ETH+0.0091%8h2,769.8+0.016%$141.1M$319.9Mas long as short
Lighter ETH+0.0096%1h2,769.9+0.019%$115.1M$508.4M50xas long as short
Lighter RH ETH+0.0096%1h2,771.2+0.066%$25.3M$121.8M50xas long as short
Jupiter Perps ETH-PERPshortL +0.0096% / S +0.0048%1h2,771.9+0.089%$42.6M500x
Paradex ETH-USD-PERP+0.0100%8h2,772.1+0.098%$15.9M$11.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,771.2+0.065%$490K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,770.9+0.053%$16.1M$115.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,771.8+0.087%$3.19B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,771.4+0.074%$31.2M$281.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,769.1−0.010%$2.51B$4.65B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,771.1+0.062%$2.9M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,773.2+0.136%$2.8M$17.7M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.8+0.052%$164.5M$255.4M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,769.4+0.001%$426.0M$745.3M100xas long as short
BingX ETH-USDC+0.0100%8h2,768.9−0.017%$17.3Mas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,769.8+0.014%$15.4M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,772.9+0.128%$178.4M$789.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,777+0.276%$161.5M$98.2M50xas long as short
StandX ETH-USD+0.0100%1h2,771.2+0.065%$21.4M$57.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,771.3+0.069%$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,772.5+0.112%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,770.8+0.050%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,772.1+0.099%$42.8M$29.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,770.1+0.025%$971K$14.3M100xas long as short
HTX ETH-USDT+0.0100%8h2,769.1−0.010%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,769−0.013%$31.6M$76.3M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,771+0.058%$60.1M$4.65B50xas long as short
Kalshi KXETHPERP+0.0113%8h2,771.4+0.073%$8.6M$671.1M4.9xas long as short
Orderly PERP_ETH_USDC+0.0128%8h2,772.6+0.116%$32.5M$11.8M100xas long as short
Deribit ETH-PERPETUAL+0.0147%1h2,771.4+0.072%$259.0M$223.4M50xas long as short
BloFin ETH-USDT+0.0163%8h2,769−0.014%$286.4M$197.5M150xas long as short
Reya ETHRUSDPERPlong+0.0192%1h2,769.4long leg$7.5M$992K25x
Kraken Futures PF_ETHUSD+0.0240%1h2,770.8+0.050%$88.5M$331.0M100xas long as short
Hibachi ETH/USDT-P+0.0376%1h2,771.8+0.085%$273K$1.5M20xas long as short