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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC−0.0148%/8h= −16.2% APRpaid last 24h −0.045%
Price spread now: Jupiter Perps against Variational Omni+0.035%49s7-day average +0.018% · 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)−0.132%−$13 on $10k
Price spread, last 3 days (all we have)−0.037%−$4 · spread now +0.035%, 7d avg +0.018%
Together, before fees−0.169%+ Points / potential airdropVariational Omni: Active · farm board−$17 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.018%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ETH2,784.10.0100pay 0.0100% / 8h3h 15m$142.1M$318.1M
ShortJupiter Perps ETH-PERP2,785.1L +0.0096% / S +0.0048%pay 0.0006% / 1h15m 37s$48.1M500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Jupiter Perps against Variational Omni. 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
−$31.08
Price spread: +0.035% → +0.018%
$1.67
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Net
−$41.41
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; 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 Variational Omni RFQ quote, 4 min ago0.50 bpdoesn't fit0.5 bp −$52.5 bp −$251doesn't fit
Sell Jupiter Perps no order-book sample
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%43m2,784.7+0.021%$292K$6.9M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,781.5−0.095%$5K$2K50xas long as short
Phoenix ETH−0.0032%1h2,785.7+0.056%$796K$3.5M25xas long as short
RISEx ETH/USDC−0.0005%1h2,781.9−0.080%$5.8M$12.2M25xas long as short
dYdX ETH-USD0.0000%1h2,785.7+0.057%$13.5M$44.8M50xas long as short
Injective ETH/USDC PERP+0.0003%1h2,787.8+0.131%$120K$22.5M52xas long as short
Phemex ETHUSDT+0.0004%8h2,785.4+0.044%$268.5M$66.6M150xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,784.7+0.018%$22.5M200xas long as short
01 Exchange ETHUSD+0.0008%1h2,781.9−0.081%$174K$1.2M50xas long as short
BingX ETH-USDT+0.0018%8h2,781.3−0.104%$1.19Bas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0023%8h2,779.5−0.169%$1.70B$11.95B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0010%1h2,784.5+0.014%$13.0M200xas long as short
MEXC ETH_USDT+0.0047%8h2,784−0.007%$1.58B$2.61B500xas long as short
Binance ETHUSDT+0.0048%8h2,781.5−0.095%$6.48B$17.29B150xas long as short
Aevo ETH-PERP+0.0048%1h2,782.2−0.068%$5.0M$652K20xas long as short
Aftermath Perps ETHUSD+0.0059%1h2,789.3+0.185%$29K$22K20xas long as short
Gate ETH_USDT+0.0059%8h2,782.5−0.059%$3.31B$9.64B200xas long as short
Aster ETHUSDT+0.0062%8h2,783.9−0.008%$257.9M$1.00B200xas long as short
Bitget ETHUSDT+0.0074%8h2,781.5−0.097%$2.10B$3.17B150xas long as short
Bulk ETH-USD+0.0080%1h2,788.7+0.164%$165.6M$263.4M25xas long as short
Lighter ETH+0.0096%1h2,784.4+0.011%$116.1M$521.5M50xas long as short
Lighter RH ETH+0.0096%1h2,786.8+0.094%$25.7M$125.7M50xas long as short
Jupiter Perps ETH-PERPshortL +0.0096% / S +0.0048%1h2,785.1+0.035%$48.1M500x
Paradex ETH-USD-PERP+0.0100%8h2,787.1+0.107%$16.0M$11.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,782.2−0.070%$494K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,784.4+0.010%$16.9M$114.9M50xas long as short
Pacifica ETH+0.0100%1h2,784.9+0.026%$31.5M$276.8M50xas long as short
Bybit ETHUSDT+0.0100%8h2,779.6−0.163%$2.52B$4.65B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,782.2−0.070%$2.9M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,783.5−0.022%$2.9M$17.6M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,784.4+0.011%$429.4M$747.9M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,785.2+0.039%$15.5M$42.4M50xas long as short
Variational Omni ETHlong+0.0100%8h2,784.1long leg$142.1M$318.1M
edgeX ETHUSDC+0.0100%4h2,785.2+0.038%$178.1M$783.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,784.9+0.026%$162.0M$98.1M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,784.7+0.019%$10.6M$30.6M100xas long as short
StandX ETH-USD+0.0100%1h2,784.3+0.006%$21.5M$57.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,784.8+0.024%$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,785.6+0.052%$10.9M$8.0M50xas long as short
Bullet ETH-USD+0.0100%1h2,788.4+0.151%$191K$1.8M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,785.1+0.035%$21K$25K25xas long as short
SunX ETH-USDT+0.0100%8h2,783.7−0.015%$976K$14.4M100xas long as short
SoDEX ETH-USD+0.0100%1h2,784.2+0.002%$55.4M$228.5M40xas long as short
HTX ETH-USDT+0.0100%8h2,784.6+0.016%$1.08B$1.31B200xas long as short
Extended ETH-USD+0.0104%1h2,780.9−0.118%$31.6M$76.8M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,786.2+0.075%$60.3M$4.69B50xas long as short
Orderly PERP_ETH_USDC+0.0122%8h2,787.6+0.123%$32.7M$11.5M100xas long as short
Kalshi KXETHPERP+0.0123%8h2,785.3+0.041%$8.6M$668.0M4.9xas long as short
Derive ETH-PERP+0.0134%1h2,787+0.104%$43.2M$29.8M15xas long as short
Kraken Futures PF_ETHUSD+0.0135%1h2,785.9+0.064%$88.8M$337.4M100xas long as short
Deribit ETH-PERPETUAL+0.0149%1h2,786.3+0.077%$259.1M$223.4M50xas long as short
BloFin ETH-USDT+0.0168%8h2,783.7−0.016%$287.8M$197.6M150xas long as short
Hyperliquid ETH+0.0168%1h2,787.7+0.128%$3.24B$2.37B25xas long as short
Reya ETHRUSDPERP+0.0203%1h2,782.8−0.049%$7.5M$992K25xas long as short
Hibachi ETH/USDT-P+0.0272%1h2,788.1+0.144%$275K$1.6M20xas long as short