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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0072%/8h= −7.9% APRnext payment $0.09 per $10,000 · paid last 24h −0.031%
Price spread now: Jupiter Perps against 01 Exchange+0.022%7-day average −0.008% · 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)−0.088%−$9 on $10k
Price spread, last 3 days (all we have)−0.044%−$4 · spread now +0.022%, 7d avg −0.008%
Together, before fees−0.132%−$13 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Jupiter Perps is 0.031% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of −0.008%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 34 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange ETHUSD2,745.30.0016pay 0.0002% / 1h33m 31s$180K$1.1M50x
ShortJupiter Perps ETH-PERP2,745.9L +0.0096% / S +0.0056%pay 0.0007% / 1h33m 31s$35.5M500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Jupiter Perps against 01 Exchange. 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
−$15.12
Price spread: +0.022% → −0.008%
$3.06
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Net
−$31.06
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: 01 Exchange: live order book, 1 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 01 Exchange live order book, 1 min ago0.18 bp6.0 bp −$611.0 bp −$110doesn't fitdoesn'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 54 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%43m2,745.8+0.017%$310K$6.0M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,748.2+0.106%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,744.8−0.018%$5.5M$11.2M25xas long as short
ApeX Omni ETHUSDT−0.0042%1h2,744.9−0.013%$8.7M$31.8M100xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,746.1+0.030%$11.9M200xas long as short
Phoenix ETH−0.0006%1h2,746.4+0.040%$848K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,745.8+0.019%$10.8M$42.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,746.3+0.035%$22.2M200xas long as short
01 Exchange ETHUSDlong+0.0016%1h2,745.3long leg$180K$1.1M50x
BingX ETH-USDT+0.0032%8h2,745.5+0.007%$1.19Bas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0042%8h2,746.3+0.035%$1.68B$11.07B100xas long as short
HTX ETH-USDT+0.0046%8h2,747.1+0.066%$1.06B$1.22B200xas long as short
Aster ETHUSDT+0.0061%8h2,745.2−0.002%$253.2M$863.0M200xas long as short
MEXC ETH_USDT+0.0070%8h2,745.8+0.018%$1.56B$2.56B500xas long as short
Binance ETHUSDT+0.0072%8h2,745.5+0.006%$6.35B$16.33B150xas long as short
Aevo ETH-PERP+0.0072%1h2,745−0.009%$4.9M$168K20xas long as short
KuCoin ETHUSDTM+0.0073%8h2,745.6+0.009%$381.1M$608.1M100xas long as short
Deribit ETH-PERPETUAL+0.0078%1h2,748.5+0.115%$258.6M$202.0M50xas long as short
Gate ETH_USDT+0.0080%8h2,744.8−0.020%$3.39B$8.85B200xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,749.2+0.142%$58.9M$4.39B50xas long as short
Bitget ETHUSDT+0.0089%8h2,746.2+0.034%$2.07B$2.86B150xas long as short
Lighter ETH+0.0096%1h2,745.4+0.002%$112.7M$441.9M50xas long as short
Lighter RH ETH+0.0096%1h2,746.7+0.049%$24.8M$106.8M50xas long as short
Jupiter Perps ETH-PERPshortL +0.0096% / S +0.0056%1h2,745.9+0.022%$35.5M500x
Paradex ETH-USD-PERP+0.0099%8h2,749.5+0.153%$15.9M$8.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,743.8−0.055%$467K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,745.8+0.020%$14.0M$113.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,748.1+0.102%$3.13B$2.12B25xas long as short
Pacifica ETH+0.0100%1h2,745.5+0.007%$31.5M$333.7M50xas long as short
Bybit ETHUSDT+0.0100%8h2,745.8+0.018%$2.45B$4.35B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,743.6−0.062%$2.8M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,745.1−0.006%$2.8M$16.7M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,748+0.098%$15.1M$41.8M50xas long as short
Variational Omni ETH+0.0100%8h2,744.6−0.027%$133.0M$346.7Mas long as short
edgeX ETHUSDC+0.0100%4h2,744.4−0.034%$181.5M$729.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,745.5+0.007%$159.7M$84.8M50xas long as short
StandX ETH-USD+0.0100%1h2,745−0.011%$21.2M$67.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,747.1+0.065%$870K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,745.2−0.004%$10.3M$8.0M50xas long as short
Bullet ETH-USD+0.0100%1h2,745.8+0.017%$183K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,747.3+0.074%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,748.8+0.129%$41.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,746.2+0.033%$962K$12.5M100xas long as short
SoDEX ETH-USD+0.0100%1h2,747.3+0.073%$54.7M$187.6M40xas long as short
Phemex ETHUSDT+0.0100%8h2,747.8+0.090%$267.1M$66.5M150xas long as short
Bulk ETH-USD+0.0100%1h2,743.9−0.050%$165.5M$306.7M25xas long as short
Aftermath Perps ETHUSD+0.0102%1h2,746+0.026%$30K$21K20xas long as short
Extended ETH-USD+0.0104%1h2,743.3−0.074%$30.4M$74.9M50xas long as short
Kalshi KXETHPERP+0.0137%8h2,747.9+0.095%$7.9M$674.1M4.9xas long as short
Orderly PERP_ETH_USDC+0.0167%8h2,749.9+0.168%$32.3M$11.2M100xas long as short
Hibachi ETH/USDT-P+0.0192%1h2,748.4+0.113%$250K$1.5M20xas long as short
Injective ETH/USDC PERP+0.0209%1h2,744.2−0.040%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0219%1h2,745.5+0.006%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,748.3+0.109%$90.0M$318.2M100xas long as short