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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h 0.000%
Price spread now: Vest against Jupiter Perps−0.052%7-day average +0.005% · 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 3 days (all we have)−0.012%−$1 on $10k
Price spread, last 3 days (all we have)+0.055%+$5 · spread now −0.052%, 7d avg +0.005%
Together, before fees+0.042%+ Points / potential airdropVest: Active · farm board+$4 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: Vest is 0.057% cheaper against Jupiter Perps than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.005%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongJupiter Perps ETH-PERP2,745.6L +0.0096% / S +0.0056%pay 0.0012% / 1h57m 13s$31.0M500x
ShortVest ETH-PERP2,744.20.0100get 0.0013% / 1h57m 13s$819K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest 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: −0.052% → +0.005%
−$5.73
Slippage, 4 orders
no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Fee Vest: 1 bp × 2 orders
−$2
Net
−$18.89
Costs to cover
0.140%
Break-even
164.4 days
Slippage unknown: Jupiter Perps: no order-book sample; Vest: 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 Vest no order-book sample
Jupiter Perps and Vest: 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−0.0112%43m2,743.8−0.066%$306K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,747.8+0.080%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,742.6−0.110%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,743.2−0.088%$12.1M200xas long as short
Phoenix ETH−0.0006%1h2,748.4+0.102%$847K$2.9M25xas long as short
dYdX ETH-USD0.0000%1h2,744.1−0.056%$10.8M$41.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,743.2−0.089%$22.2M200xas long as short
BingX ETH-USDC+0.0042%8h2,743.7−0.071%$18.5Mas long as short
01 Exchange ETHUSD+0.0048%1h2,743.4−0.081%$183K$981K50xas long as short
OKX ETH-USDT-SWAP+0.0054%8h2,744.1−0.054%$1.70B$10.59B100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0065%8h2,742.5−0.113%$368.6M$598.7M100xas long as short
Aster ETHUSDT+0.0073%8h2,743.9−0.064%$252.3M$841.3M200xas long as short
RISEx ETH/USDC+0.0077%1h2,743.3−0.083%$5.7M$11.2M25xas long as short
Aevo ETH-PERP+0.0080%1h2,740.5−0.185%$4.9M$159K20xas long as short
MEXC ETH_USDT+0.0083%8h2,744.1−0.055%$1.56B$2.51B500xas long as short
Binance ETHUSDT+0.0083%8h2,743−0.096%$6.38B$15.75B150xas long as short
Bullet ETH-USD+0.0085%1h2,742.8−0.101%$182K$1.7M20xas long as short
HTX ETH-USDT+0.0086%8h2,743.1−0.090%$1.06B$1.18B200xas long as short
Lighter ETH+0.0096%1h2,743.2−0.087%$112.8M$430.2M50xas long as short
Lighter RH ETH+0.0096%1h2,745.3−0.010%$24.7M$103.0M50xas long as short
Jupiter Perps ETH-PERPlongL +0.0096% / S +0.0056%1h2,745.6long leg$31.0M500x
Coinbase International ETH-PERP-INTX+0.0096%1h2,743.9−0.061%$58.6M$4.27B50xas long as short
ApeX Omni ETHUSDT+0.0097%1h2,747.1+0.055%$8.7M$31.1M100xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,746.5+0.032%$16.2M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,742.8−0.102%$483K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,743.7−0.071%$13.9M$106.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,745.6+0.001%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,743.5−0.079%$31.6M$334.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,744.3−0.049%$2.47B$4.19B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,742.6−0.110%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,743.4−0.079%$2.7M$16.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,744.3−0.047%$3.39B$8.63B200xas long as short
Bitget ETHUSDT+0.0100%8h2,744.3−0.047%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,743.4−0.080%$15.0M$41.1M50xas long as short
Variational Omni ETH+0.0100%8h2,746.6+0.036%$133.0M$342.9Mas long as short
edgeX ETHUSDC+0.0100%4h2,746.8+0.045%$181.9M$701.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,747.3+0.062%$159.7M$81.7M50xas long as short
StandX ETH-USD+0.0100%1h2,747+0.051%$21.2M$69.0M40xas long as short
Vest ETH-PERPshort+0.0100%1h2,744.2−0.052%$819K50x
Polymarket Perps ETH-USD+0.0100%1h2,743.2−0.088%$10.7M$8.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,743.3−0.085%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,744.7−0.035%$41.6M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,742.1−0.128%$961K$11.9M100xas long as short
SoDEX ETH-USD+0.0100%1h2,742.7−0.106%$54.6M$187.5M40xas long as short
Phemex ETHUSDT+0.0100%8h2,743.7−0.068%$267.1M$65.2M150xas long as short
Bulk ETH-USD+0.0100%1h2,746.2+0.023%$164.3M$302.6M25xas long as short
Extended ETH-USD+0.0104%1h2,742.1−0.128%$30.6M$72.5M50xas long as short
Aftermath Perps ETHUSD+0.0111%1h2,746.7+0.040%$30K$20K20xas long as short
Deribit ETH-PERPETUAL+0.0118%1h2,743.9−0.063%$258.9M$195.6M50xas long as short
Kalshi KXETHPERP+0.0149%8h2,744−0.059%$7.9M$670.5M4.9xas long as short
Orderly PERP_ETH_USDC+0.0182%8h2,745.4−0.008%$32.3M$11.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,743.3−0.084%$88.0M$309.4M100xas long as short
Reya ETHRUSDPERP+0.0223%1h2,742.5−0.115%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,746.5+0.033%$250K$1.4M20xas long as short