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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h −0.006%
Price spread now: Binance against Jupiter Perps−0.014%7-day average −0.015% · 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 4 days (all we have)−0.027%−$3 on $10k
Price spread, last 4 days (all we have)−0.009%−$1 · spread now −0.014%, 7d avg −0.015%
Together, before fees−0.036%−$4 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongJupiter Perps ETH-PERP2,728.3L +0.0096% / S +0.0056%pay 0.0012% / 1h54m 05s$30.5M500x
ShortBinance ETHUSDT2,727.90.0095get 0.0095% / 8h7h 54m$6.31B$16.08B150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Jupiter Perps. 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
−$0.11
Price spread: −0.014% → −0.015%
$0.03
Slippage, 4 orders
no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$22.08
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: Jupiter Perps: no order-book sample; Binance: live order book, 5 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 Binance live order book, 5 min ago0.02 bp5.0 bp −$55.0 bp −$506.2 bp −$6188.8 bp −$4,393
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%43m2,729.3+0.038%$276K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,728.4+0.004%$5K$1K50xas long as short
Phoenix ETH−0.0015%1h2,728.7+0.015%$805K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,728.3+0.001%$11.9M200xas long as short
Phemex ETHUSDT−0.0004%8h2,727.4−0.032%$262.8M$64.0M150xas long as short
dYdX ETH-USD0.0000%1h2,730.3+0.076%$10.5M$41.8M50xas long as short
Kalshi KXETHPERP0.0000%8h2,729.1+0.030%$6.7M$672.5M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,728.2−0.002%$264.5M$219.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,727.8−0.019%$32.9M200xas long as short
Gate ETH_USDT+0.0043%8h2,727.5−0.029%$3.30B$8.20B200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0049%8h2,727.6−0.025%$2.32B$4.32B150xas long as short
HTX ETH-USDT+0.0053%8h2,727−0.046%$1.05B$1.22B200xas long as short
OKX ETH-USDT-SWAP+0.0079%8h2,727.6−0.025%$1.65B$10.73B100xas long as short
01 Exchange ETHUSD+0.0080%1h2,729.9+0.059%$191K$884K50xas long as short
KuCoin ETHUSDTM+0.0083%8h2,727.5−0.029%$383.6M$576.4M100xas long as short
Aster ETHUSDT+0.0086%8h2,728.1−0.008%$252.1M$849.3M200xas long as short
Hibachi ETH/USDT-P+0.0088%1h2,727.2−0.041%$242K$1.4M20xas long as short
ApeX Omni ETHUSDT+0.0089%1h2,726.3−0.072%$8.4M$31.2M100xas long as short
SunX ETH-USDT+0.0089%8h2,727.3−0.035%$954K$10.7M100xas long as short
MEXC ETH_USDT+0.0095%8h2,727.6−0.024%$1.56B$2.54B500xas long as short
Binance ETHUSDTshort+0.0095%8h2,727.9−0.014%$6.31B$16.08B150x
Lighter ETH+0.0096%1h2,727.9−0.015%$112.1M$400.3M50xas long as short
Lighter RH ETH+0.0096%1h2,729.3+0.037%$23.6M$95.5M50xas long as short
Jupiter Perps ETH-PERPlongL +0.0096% / S +0.0056%1h2,728.3long leg$30.5M500x
Aevo ETH-PERP+0.0096%1h2,725.9−0.086%$4.9M$193K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,728.4+0.004%$500K$3.6M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,731.5+0.118%$15.4M$7.4M50xas long as short
Nado ETH-PERP+0.0100%1h2,728−0.012%$14.1M$103.0M50xas long as short
Hyperliquid ETH+0.0100%1h2,729.5+0.045%$3.10B$2.03B25xas long as short
Pacifica ETH+0.0100%1h2,729.5+0.045%$32.1M$332.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,728.4+0.004%$2.7M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,728.9+0.021%$1.6M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,727.1−0.043%$161.7M$337.0M25xas long as short
Bitget ETHUSDT+0.0100%8h2,727.7−0.022%$2.10B$2.76B150xas long as short
BingX ETH-USDC+0.0100%8h2,726.5−0.065%$18.7Mas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,727.6−0.024%$15.2M$40.7M50xas long as short
Variational Omni ETH+0.0100%8h2,727.3−0.035%$131.3M$315.9Mas long as short
edgeX ETHUSDC+0.0100%4h2,728.4+0.005%$185.6M$683.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,725.7−0.096%$158.4M$81.2M50xas long as short
StandX ETH-USD+0.0100%1h2,729.3+0.037%$21.0M$70.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,730.2+0.071%$441K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,730+0.063%$11.2M$9.4M50xas long as short
Bullet ETH-USD+0.0100%1h2,728.5+0.008%$179K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,728.30.000%$20K$23K25xas long as short
Derive ETH-PERP+0.0100%1h2,731.7+0.124%$40.6M$29.2M15xas long as short
SoDEX ETH-USD+0.0100%1h2,727.4−0.032%$54.3M$182.6M40xas long as short
Aftermath Perps ETHUSD+0.0102%1h2,727.2−0.038%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,726.8−0.055%$30.4M$71.2M50xas long as short
Kraken Futures PF_ETHUSD+0.0105%1h2,727.9−0.014%$81.9M$310.5M100xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,728.4+0.004%$46.6M$4.24B50xas long as short
RISEx ETH/USDC+0.0137%1h2,729.2+0.035%$5.6M$11.6M25xas long as short
BloFin ETH-USDT+0.0144%8h2,726.8−0.055%$282.7M$177.5M150xas long as short
Reya ETHRUSDPERP+0.0175%1h2,727.9−0.015%$7.3M$972K25xas long as short
Orderly PERP_ETH_USDC+0.0187%8h2,730+0.064%$32.2M$11.3M100xas long as short
Injective ETH/USDC PERP+0.0253%1h2,725.2−0.113%$117K$19.3M52xas long as short