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Funding arb · Price arb /

ETH

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Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.001%
Price spread now: Variational Omni against Jupiter Perps−0.164%7-day average −0.019% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Jupiter PerpsShort on Variational Omni
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.007%−$1 on $10k
Price spread, last 4 days (all we have)+0.147%+$15 · spread now −0.164%, 7d avg −0.019%
Together, before fees+0.140%+ Points / potential airdropVariational Omni: Active · farm board+$14 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: Variational Omni is 0.145% cheaper against Jupiter Perps than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.019%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongJupiter Perps ETH-PERP2,727.4L +0.0104% / S +0.0056%pay 0.0013% / 1h57m 00s—$30.1M500x
ShortVariational Omni ETH2,7230.0100get 0.0100% / 8h7h 57m$131.2M$318.7M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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: −0.164% → −0.019%
−$14.5
Slippage, 4 orders
no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$27.34
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Jupiter Perps: no order-book sample; Variational Omni: RFQ quote, 2 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 Variational Omni RFQ quote, 2 min ago0.75 bpdoesn't fit1.0 bp −$101.7 bp −$171doesn'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−0.0447%43m2,729.8+0.087%$281K$5.7M8.3xas long as short
Phemex ETHUSDT−0.0405%8h2,729.9+0.090%$263.1M$63.9M150xas long as short
Hotstuff ETH-PERP−0.0080%1h2,727.9+0.017%$5K$1K50xas long as short
Phoenix ETH−0.0015%1h2,728.7+0.047%$805K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,730.2+0.102%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,730+0.094%$10.5M$41.8M50xas long as short
Kalshi KXETHPERP0.0000%8h2,729+0.058%$6.7M$672.6M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,730.7+0.119%$264.4M$218.4M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,730.4+0.109%$32.9M—200xas long as short
BingX ETH-USDC+0.0018%8h2,730+0.093%—$18.6M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0064%1h2,730.7+0.120%$191K$884K50xas long as short
OKX ETH-USDT-SWAP+0.0078%8h2,730.3+0.104%$1.66B$10.75B100xas long as short
Hibachi ETH/USDT-P+0.0080%1h2,726.5−0.034%$240K$1.4M20xas long as short
Bybit ETHUSDT+0.0081%8h2,730.1+0.097%$2.32B$4.32B150xas long as short
KuCoin ETHUSDTM+0.0083%8h2,730.4+0.108%$384.1M$575.7M100xas long as short
Aster ETHUSDT+0.0086%8h2,729.5+0.078%$252.4M$851.4M200xas long as short
ApeX Omni ETHUSDT+0.0089%1h2,726.3−0.040%$8.4M$31.2M100xas long as short
Aftermath Perps ETHUSD+0.0094%1h2,725.8−0.058%$30K$20K20xas long as short
MEXC ETH_USDT+0.0094%8h2,730.6+0.115%$1.57B$2.54B500xas long as short
Binance ETHUSDT+0.0095%8h2,730.5+0.114%$6.32B$16.10B150xas long as short
Lighter ETH+0.0096%1h2,730.6+0.117%$112.2M$399.9M50xas long as short
Lighter RH ETH+0.0096%1h2,731.7+0.155%$23.6M$95.4M50xas long as short
Aevo ETH-PERP+0.0096%1h2,728.2+0.028%$4.9M$191K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,730+0.094%$501K$3.6M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,733.5+0.223%$15.4M$7.4M50xas long as short
Nado ETH-PERP+0.0100%1h2,730.1+0.097%$14.1M$104.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,732.6+0.190%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,730.1+0.099%$32.1M$332.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,727.5+0.003%$2.7M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,730.3+0.105%$1.6M$15.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,727.1−0.012%$161.7M$337.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,730.4+0.109%$3.30B$8.18B200xas long as short
Bitget ETHUSDT+0.0100%8h2,730.3+0.107%$2.11B$2.76B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,730.7+0.121%$15.2M$40.7M50xas long as short
Variational Omni ETHshort+0.0100%8h2,723−0.164%$131.2M$318.7M—
edgeX ETHUSDC+0.0100%4h2,725−0.090%$185.4M$683.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,725.7−0.065%$158.4M$81.2M50xas long as short
StandX ETH-USD+0.0100%1h2,728.8+0.050%$21.0M$70.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,731+0.130%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,730.5+0.113%$11.2M$9.4M50xas long as short
Bullet ETH-USD+0.0100%1h2,730+0.096%$180K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,730.3+0.107%$20K$23K25xas long as short
Derive ETH-PERP+0.0100%1h2,731.7+0.156%$40.6M$29.2M15xas long as short
SunX ETH-USDT+0.0100%8h2,729.6+0.079%$961K$10.7M100xas long as short
SoDEX ETH-USD+0.0100%1h2,730+0.094%$54.4M$182.6M40xas long as short
HTX ETH-USDT+0.0100%8h2,729.6+0.080%$1.05B$1.22B200xas long as short
Extended ETH-USD+0.0104%1h2,729.6+0.082%$30.4M$71.1M50xas long as short
Jupiter Perps ETH-PERPlongL +0.0104% / S +0.0056%1h2,727.4long leg—$30.1M500x
Kraken Futures PF_ETHUSD+0.0105%1h2,730.4+0.110%$81.9M$310.5M100xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,731.2+0.138%$46.6M$4.25B50xas long as short
RISEx ETH/USDC+0.0137%1h2,731+0.130%$5.6M$11.6M25xas long as short
BloFin ETH-USDT+0.0159%8h2,730.7+0.119%$283.1M$177.9M150xas long as short
Reya ETHRUSDPERP+0.0176%1h2,728.6+0.043%$7.3M$972K25xas long as short
Orderly PERP_ETH_USDC+0.0186%8h2,732.7+0.194%$32.2M$11.3M100xas long as short
Injective ETH/USDC PERP+0.0253%1h2,728.7+0.047%$117K$19.0M52xas long as short