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−0.0146%/8h= −16.0% APRnext payment $0.18 per $10,000 · paid last 24h −0.026%
Price spread now: Jupiter Perps against ApeX Omni−0.029%7-day average +0.018% · 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)−0.032%−$3 on $10k
Price spread, last 3 days (all we have)+0.065%+$7 · spread now −0.029%, 7d avg +0.018%
Together, before fees+0.034%+$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Jupiter Perps is 0.047% cheaper against ApeX Omni than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.018%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ETHUSDT2,748.30.0090pay 0.0011% / 1h1m 20s$8.8M$31.2M100x
ShortJupiter Perps ETH-PERP2,747.5L +0.0096% / S +0.0056%pay 0.0007% / 1h1m 20s$31.0M500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Jupiter Perps against ApeX 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
−$30.61
Price spread: −0.029% → +0.018%
−$4.67
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Net
−$57.28
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: ApeX Omni: live order book, 8 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 ApeX Omni live order book, 8 min ago1.22 bp6.2 bp −$67.7 bp −$7732.3 bp −$3,23149.9 bp −$25.0K
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−0.0112%43m2,747.8−0.019%$306K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,748.2−0.003%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,747.5−0.028%$5.7M$11.2M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,747.3−0.035%$12.1M200xas long as short
Phoenix ETH−0.0006%1h2,748.4+0.004%$847K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,748.2−0.005%$10.8M$42.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,747.5−0.031%$22.2M200xas long as short
01 Exchange ETHUSD+0.0040%1h2,747.8−0.018%$181K$979K50xas long as short
BingX ETH-USDC+0.0041%8h2,747.2−0.040%$18.5Mas long as short
OKX ETH-USDT-SWAP+0.0053%8h2,746.9−0.049%$1.70B$10.66B100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0066%8h2,747.1−0.045%$369.5M$604.0M100xas long as short
Aster ETHUSDT+0.0074%8h2,747.5−0.030%$253.1M$845.1M200xas long as short
Aevo ETH-PERP+0.0080%1h2,745.8−0.090%$4.9M$167K20xas long as short
HTX ETH-USDT+0.0083%8h2,747−0.048%$1.06B$1.18B200xas long as short
MEXC ETH_USDT+0.0083%8h2,747−0.046%$1.57B$2.59B500xas long as short
Binance ETHUSDT+0.0083%8h2,747−0.047%$6.39B$15.88B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,748.1−0.008%$58.6M$4.29B50xas long as short
ApeX Omni ETHUSDTlong+0.0090%1h2,748.3long leg$8.8M$31.2M100x
Lighter ETH+0.0096%1h2,747.3−0.036%$113.0M$445.7M50xas long as short
Lighter RH ETH+0.0096%1h2,748.7+0.015%$24.7M$108.1M50xas long as short
Jupiter Perps ETH-PERPshortL +0.0096% / S +0.0056%1h2,747.5−0.029%$31.0M500x
Paradex ETH-USD-PERP+0.0100%8h2,752+0.134%$16.2M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,747.4−0.032%$483K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,748−0.009%$13.9M$107.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,749.3+0.037%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,747.5−0.027%$31.7M$334.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,747.1−0.042%$2.47B$4.20B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,746.6−0.061%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,747.7−0.023%$2.8M$16.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,747.2−0.039%$3.40B$8.95B200xas long as short
Bitget ETHUSDT+0.0100%8h2,747.1−0.044%$2.08B$2.74B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,748−0.009%$15.0M$41.4M50xas long as short
Variational Omni ETH+0.0100%8h2,746.2−0.077%$132.8M$343.9Mas long as short
edgeX ETHUSDC+0.0100%4h2,748.2−0.004%$182.1M$701.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,748.5+0.006%$159.8M$81.7M50xas long as short
StandX ETH-USD+0.0100%1h2,748.2−0.003%$21.3M$69.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,748.4+0.004%$849K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,747.6−0.025%$10.7M$8.5M50xas long as short
Bullet ETH-USD+0.0100%1h2,747−0.048%$182K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,747.5−0.029%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,749+0.026%$41.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,746.4−0.068%$962K$12.0M100xas long as short
SoDEX ETH-USD+0.0100%1h2,746.9−0.051%$54.7M$187.6M40xas long as short
Phemex ETHUSDT+0.0100%8h2,747.5−0.029%$267.5M$65.7M150xas long as short
Bulk ETH-USD+0.0100%1h2,746.2−0.075%$164.3M$302.6M25xas long as short
Extended ETH-USD+0.0104%1h2,746.3−0.071%$30.6M$72.8M50xas long as short
Aftermath Perps ETHUSD+0.0107%1h2,747.8−0.019%$30K$20K20xas long as short
Deribit ETH-PERPETUAL+0.0132%1h2,748.30.000%$258.9M$197.0M50xas long as short
Kalshi KXETHPERP+0.0149%8h2,748−0.011%$7.9M$672.6M4.9xas long as short
Orderly PERP_ETH_USDC+0.0181%8h2,749.4+0.040%$32.3M$11.0M100xas long as short
Injective ETH/USDC PERP+0.0209%1h2,748.30.000%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0223%1h2,746.8−0.056%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,750+0.063%$250K$1.4M20xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,747.8−0.017%$88.1M$313.6M100xas long as short