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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 22:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Arcus against Jupiter Perps+0.066%7-day average +0.019% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Jupiter PerpsShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.003%$0 on $10k
Price spread, last 3 days (all we have)−0.049%−$5 · spread now +0.066%, 7d avg +0.019%
Together, before fees−0.046%−$5 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Arcus is 0.046% dearer against Jupiter Perps than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.019%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongJupiter Perps ETH-PERP2,776.7L +0.0096% / S +0.0048%pay 0.0012% / 1h20m 27s—$41.7M500x
ShortArcus ETH-USD2,778.50.0100get 0.0013% / 1h20m 27s$2.8M$17.4M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against Jupiter Perps. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0.84
Price spread: +0.066% → +0.019%
$4.63
Slippage, 4 orders
no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$11.03
Costs to cover
0.165%
Break-even
98.9 days
Slippage unknown: Jupiter Perps: no order-book sample; Arcus: live order book, 4 min ago. 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 Jupiter Perps no order-book sample—————
Sell Arcus live order book, 4 min ago0.40 bp3.1 bp −$33.6 bp −$366.1 bp −$607doesn't fit
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−0.0112%43m2,776.5−0.006%$289K$6.9M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,775.7−0.034%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,776.9+0.009%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0056%1h2,776.8+0.005%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,773.4−0.117%$858K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,776.8+0.005%$5.8M$11.7M25xas long as short
dYdX ETH-USD0.0000%1h2,776.5−0.007%$12.7M$45.5M50xas long as short
Aftermath Perps ETHUSD+0.0001%1h2,775.2−0.054%$29K$22K20xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,776.7+0.001%$22.4M—200xas long as short
Phemex ETHUSDT+0.0012%8h2,776.1−0.019%$267.3M$66.0M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,775.7−0.033%$1.71B$11.92B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,776.70.000%$13.2M—200xas long as short
Aster ETHUSDT+0.0039%8h2,776.1−0.020%$256.7M$995.6M200xas long as short
ApeX Omni ETHUSDT+0.0039%1h2,776.70.000%$8.8M$32.6M100xas long as short
MEXC ETH_USDT+0.0048%8h2,776.1−0.021%$1.59B$2.68B500xas long as short
Aevo ETH-PERP+0.0048%1h2,775.8−0.031%$5.0M$636K20xas long as short
Binance ETHUSDT+0.0049%8h2,775.8−0.030%$6.44B$17.23B150xas long as short
Gate ETH_USDT+0.0073%8h2,776.5−0.005%$3.29B$9.67B200xas long as short
Bitget ETHUSDT+0.0074%8h2,776.2−0.017%$2.10B$3.13B150xas long as short
Bullet ETH-USD+0.0082%1h2,775.8−0.031%$184K$1.8M20xas long as short
Deribit ETH-PERPETUAL+0.0092%1h2,778.1+0.050%$258.5M$225.0M50xas long as short
Variational Omni ETH+0.0092%8h2,774.2−0.090%$140.6M$320.2M—as long as short
Lighter ETH+0.0096%1h2,777.2+0.019%$115.2M$514.3M50xas long as short
Lighter RH ETH+0.0096%1h2,778.5+0.067%$25.4M$122.9M50xas long as short
Jupiter Perps ETH-PERPlongL +0.0096% / S +0.0048%1h2,776.7long leg—$41.7M500x
Paradex ETH-USD-PERP+0.0100%8h2,776.4−0.011%$16.0M$10.8M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,776.6−0.002%$488K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,776.2−0.016%$15.3M$117.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,778.9+0.081%$3.21B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,777+0.011%$31.2M$287.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,775.8−0.031%$2.51B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,775.5−0.042%$2.9M$16.6M25xas long as short
Arcus ETH-USDshort+0.0100%1h2,778.5+0.066%$2.8M$17.4M25x
Bulk ETH-USD+0.0100%1h2,778.1+0.052%$165.4M$253.6M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,776.5−0.007%$422.8M$742.0M100xas long as short
BingX ETH-USDT+0.0100%8h2,775.8−0.032%—$1.18B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,776.6−0.003%$15.4M$42.8M50xas long as short
edgeX ETHUSDC+0.0100%4h2,776.9+0.009%$178.5M$792.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,777+0.013%$161.6M$97.3M50xas long as short
StandX ETH-USD+0.0100%1h2,777+0.012%$21.4M$57.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,777.2+0.019%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,777.5+0.030%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,777+0.011%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,778.6+0.072%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,776.6−0.001%$974K$14.2M100xas long as short
SoDEX ETH-USD+0.0100%1h2,776.2−0.016%$55.3M$228.6M40xas long as short
HTX ETH-USDT+0.0100%8h2,776−0.024%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,776.1−0.022%$31.4M$75.9M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,778+0.047%$60.1M$4.63B50xas long as short
Kalshi KXETHPERP+0.0121%8h2,777.7+0.038%$8.5M$673.8M4.9xas long as short
Orderly PERP_ETH_USDC+0.0133%8h2,779.2+0.092%$32.6M$12.0M100xas long as short
BloFin ETH-USDT+0.0169%8h2,776.1−0.022%$284.2M$195.8M150xas long as short
Reya ETHRUSDPERP+0.0183%1h2,775.8−0.030%$7.4M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,777.5+0.032%$86.6M$330.7M100xas long as short
Hibachi ETH/USDT-P+0.0440%1h2,778.1+0.052%$283K$1.5M20xas long as short