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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 02:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.010%
Price spread now: Derive against Jupiter Perps+0.083%7-day average +0.043% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Jupiter PerpsShort on Derive
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)−0.051%−$5 · spread now +0.083%, 7d avg +0.043%
Together, before fees−0.019%−$2 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: Derive is 0.040% dearer against Jupiter Perps than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.043%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongJupiter Perps ETH-PERP2,750.4L +0.0096% / S +0.0056%pay 0.0012% / 1h24m 04s—$35.5M500x
ShortDerive ETH-PERP2,752.60.0100get 0.0013% / 1h24m 04s$41.8M$29.5M15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Derive 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
$0.84
Price spread: +0.083% → +0.043%
$4.03
Slippage, 4 orders
no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Fee Derive: 3 bp × 2 orders
−$6
Net
−$13.13
Costs to cover
0.180%
Break-even
116.4 days
Slippage unknown: Jupiter Perps: no order-book sample; Derive: 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 Jupiter Perps no order-book sample—————
Sell Derive no order-book sample—————
Jupiter Perps and Derive: 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%43m2,750.5+0.004%$312K$6.0M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,750.7+0.013%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,750.6+0.010%$5.7M$11.4M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,750.9+0.021%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,752.8+0.089%$849K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,753.5+0.115%$10.8M$41.9M50xas long as short
ApeX Omni ETHUSDT+0.0003%1h2,750.4+0.003%$8.7M$31.5M100xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,751+0.024%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0024%1h2,751.3+0.034%$181K$1.1M50xas long as short
BingX ETH-USDT+0.0036%8h2,751.8+0.053%—$1.19B—as long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0046%8h2,751.8+0.051%$1.69B$10.98B100xas long as short
HTX ETH-USDT+0.0056%8h2,750.6+0.010%$1.07B$1.21B200xas long as short
Aster ETHUSDT+0.0070%8h2,751.7+0.048%$253.0M$856.9M200xas long as short
KuCoin ETHUSDTM+0.0071%8h2,751.7+0.050%$379.9M$607.5M100xas long as short
MEXC ETH_USDT+0.0078%8h2,751.6+0.045%$1.57B$2.56B500xas long as short
Binance ETHUSDT+0.0080%8h2,751.4+0.039%$6.37B$16.22B150xas long as short
Aevo ETH-PERP+0.0080%1h2,748.6−0.062%$4.9M$168K20xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,752.5+0.076%$59.1M$4.35B50xas long as short
Gate ETH_USDT+0.0093%8h2,752+0.059%$3.39B$8.89B200xas long as short
Bitget ETHUSDT+0.0093%8h2,751.5+0.043%$2.08B$2.84B150xas long as short
Lighter ETH+0.0096%1h2,751.7+0.049%$113.1M$443.1M50xas long as short
Lighter RH ETH+0.0096%1h2,753.1+0.101%$24.9M$107.1M50xas long as short
Jupiter Perps ETH-PERPlongL +0.0096% / S +0.0056%1h2,750.4long leg—$35.5M500x
Paradex ETH-USD-PERP+0.0099%8h2,755.8+0.198%$16.3M$8.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,750.6+0.009%$470K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,750−0.012%$14.0M$112.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,753.4+0.111%$3.13B$2.10B25xas long as short
Pacifica ETH+0.0100%1h2,752.4+0.076%$31.6M$333.9M50xas long as short
Bybit ETHUSDT+0.0100%8h2,751.5+0.043%$2.46B$4.33B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,749.8−0.020%$2.8M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,751+0.023%$2.8M$16.5M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,751+0.023%$15.1M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,753.3+0.106%$133.3M$345.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,751.6+0.046%$181.9M$701.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,751.8+0.052%$160.0M$83.5M50xas long as short
StandX ETH-USD+0.0100%1h2,753.1+0.100%$21.3M$67.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,752.5+0.079%—$869K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,751.5+0.042%$10.7M$8.6M50xas long as short
Bullet ETH-USD+0.0100%1h2,750.7+0.013%$181K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,750.7+0.014%$21K$21K25xas long as short
Derive ETH-PERPshort+0.0100%1h2,752.6+0.083%$41.8M$29.5M15x
SunX ETH-USDT+0.0100%8h2,750.5+0.005%$965K$12.4M100xas long as short
SoDEX ETH-USD+0.0100%1h2,751.2+0.031%$54.8M$187.7M40xas long as short
Phemex ETHUSDT+0.0100%8h2,751.2+0.032%$267.5M$66.0M150xas long as short
Bulk ETH-USD+0.0100%1h2,751.8+0.053%$165.7M$300.7M25xas long as short
Aftermath Perps ETHUSD+0.0101%1h2,750.9+0.020%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,750.6+0.008%$30.5M$73.6M50xas long as short
Kalshi KXETHPERP+0.0142%8h2,752.5+0.078%$7.8M$674.9M4.9xas long as short
Deribit ETH-PERPETUAL+0.0150%1h2,752.6+0.081%$258.5M$199.9M50xas long as short
Orderly PERP_ETH_USDC+0.0171%8h2,753.6+0.118%$32.4M$11.1M100xas long as short
Hibachi ETH/USDT-P+0.0208%1h2,755.3+0.180%$251K$1.5M20xas long as short
Injective ETH/USDC PERP+0.0209%1h2,750.5+0.005%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0220%1h2,750.9+0.019%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,752.1+0.064%$89.5M$316.6M100xas long as short