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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 23:00 UTC−0.0084%/8h= −9.2% APRnext payment −$0.11 per $10,000 · paid last 24h −0.038%
Price spread now: Jupiter Perps against Bullet+0.032%7-day average +0.020% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BulletShort on Jupiter Perps
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.096%−$10 on $10k
Price spread, last 3 days (all we have)−0.034%−$3 · spread now +0.032%, 7d avg +0.020%
Together, before fees−0.130%−$13 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet ETH-USD2,772.30.0036pay 0.0005% / 1h25m 55s$180K$1.7M20x
ShortJupiter Perps ETH-PERP2,773.2L +0.0096% / S +0.0048%pay 0.0006% / 1h25m 55s—$41.6M500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Jupiter Perps against Bullet. 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
−$17.72
Price spread: +0.032% → +0.020%
$1.2
Slippage, 4 orders
no order book: not counted
Fee Bullet: 4 bp × 2 orders
−$8
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Net
−$36.51
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Bullet: live order book, 3 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 Bullet live order book, 3 min ago0.36 bp5.7 bp −$69.0 bp −$90doesn'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 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%43m2,772.4+0.002%$287K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,771.2−0.040%$5.8M$12.0M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,772.9+0.020%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,770.3−0.073%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,772.2−0.005%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0017%1h2,773.7+0.051%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,773.3+0.034%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,769.6−0.099%$883K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,773.3+0.034%$22.4M—200xas long as short
BingX ETH-USDT+0.0017%8h2,772.8+0.015%—$1.18B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0021%8h2,772.8+0.016%$1.70B$11.85B100xas long as short
Phemex ETHUSDT+0.0023%8h2,771.8−0.021%$269.5M$68.7M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,773.2+0.031%$13.0M—200xas long as short
Aster ETHUSDT+0.0032%8h2,772.7+0.013%$255.9M$991.0M200xas long as short
Bullet ETH-USDlong+0.0036%1h2,772.3long leg$180K$1.7M20x
Deribit ETH-PERPETUAL+0.0053%1h2,772.9+0.020%$258.3M$222.2M50xas long as short
MEXC ETH_USDT+0.0060%8h2,771.2−0.040%$1.62B$2.66B500xas long as short
Binance ETHUSDT+0.0060%8h2,772.9+0.021%$6.42B$17.17B150xas long as short
Nado ETH-PERP+0.0060%1h2,772.1−0.007%$14.3M$118.1M50xas long as short
Aevo ETH-PERP+0.0064%1h2,769.5−0.103%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0071%8h2,772.8+0.017%$2.10B$3.10B150xas long as short
SoDEX ETH-USD+0.0072%1h2,771.2−0.041%$55.2M$228.9M40xas long as short
ApeX Omni ETHUSDT+0.0073%1h2,772.4+0.003%$8.8M$32.6M100xas long as short
Gate ETH_USDT+0.0074%8h2,772.9+0.020%$3.29B$9.62B200xas long as short
Bybit ETHUSDT+0.0093%8h2,772.8+0.017%$2.51B$4.61B150xas long as short
HTX ETH-USDT+0.0094%8h2,772.2−0.004%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,771.7−0.022%$115.0M$500.3M50xas long as short
Lighter RH ETH+0.0096%1h2,773.1+0.028%$25.3M$121.5M50xas long as short
Jupiter Perps ETH-PERPshortL +0.0096% / S +0.0048%1h2,773.2+0.032%—$41.6M500x
KuCoin ETHUSDTM+0.0098%8h2,771.1−0.045%$423.1M$739.3M100xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,770.9−0.050%$15.9M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,771.9−0.016%$476K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,775.3+0.105%$3.19B$2.37B25xas long as short
Pacifica ETH+0.0100%1h2,772.4+0.003%$31.2M$299.8M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,771−0.048%$2.8M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,773+0.024%$2.7M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,767.4−0.177%$166.0M$246.7M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,771.2−0.043%$15.1M$44.6M50xas long as short
Variational Omni ETH+0.0100%8h2,769.4−0.104%$135.0M$322.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,770.7−0.059%$181.3M$782.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,772.9+0.022%$161.3M$91.2M50xas long as short
StandX ETH-USD+0.0100%1h2,774.1+0.064%$21.4M$58.0M40xas long as short
Vest ETH-PERP+0.0100%1h2,773+0.024%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,773.8+0.053%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,785.4+0.471%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,773.6+0.046%$42.7M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,770.5−0.067%$971K$14.0M100xas long as short
Extended ETH-USD+0.0104%1h2,770.7−0.059%$32.9M$77.3M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,772.4+0.002%$60.0M$4.59B50xas long as short
Kalshi KXETHPERP+0.0123%8h2,773+0.024%$8.5M$677.6M4.9xas long as short
Orderly PERP_ETH_USDC+0.0136%8h2,775.1+0.098%$32.5M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,772−0.013%$85.9M$331.5M100xas long as short
BloFin ETH-USDT+0.0180%8h2,773.1+0.026%$285.2M$194.4M150xas long as short
Reya ETHRUSDPERP+0.0191%1h2,772.4+0.001%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0192%1h2,775.1+0.101%$271K$1.5M20xas long as short