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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0139%/8h= −15.2% APRnext payment $0.17 per $10,000 · paid last 24h −0.034%
Price spread now: Jupiter Perps against SoDEX+0.031%7-day average +0.026% · you sell dearer than you buy
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)−0.123%−$12 on $10k
Price spread, last 4 days (all we have)+0.078%+$8 · spread now +0.031%, 7d avg +0.026%
Together, before fees−0.045%−$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.026%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX ETH-USD2,732.10.0091pay 0.0011% / 1h18m 48s$54.4M$187.6M40x
ShortJupiter Perps ETH-PERP2,732.9L +0.0096% / S +0.0048%pay 0.0006% / 1h18m 48s$30.9M500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Jupiter Perps against SoDEX. 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
−$29.22
Price spread: +0.031% → +0.026%
$0.5
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Net
−$48.72
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: SoDEX: live order book, 5 min ago; Jupiter Perps: 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 SoDEX live order book, 5 min ago0.18 bp4.2 bp −$44.3 bp −$435.9 bp −$58830.8 bp −$15.4K
Sell Jupiter Perps no order-book sample
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%43m2,732.9+0.029%$297K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,734.2+0.077%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,733.2+0.040%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,732.8+0.027%$11.9M200xas long as short
dYdX ETH-USD0.0000%1h2,733+0.032%$10.8M$41.6M50xas long as short
01 Exchange ETHUSD0.0000%1h2,733.4+0.048%$187K$823K50xas long as short
Phoenix ETH0.0000%1h2,733.9+0.066%$828K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,732.9+0.029%$28.1M200xas long as short
Bullet ETH-USD+0.0009%1h2,732.3+0.007%$179K$1.7M20xas long as short
ApeX Omni ETHUSDT+0.0040%1h2,733.3+0.044%$8.7M$31.3M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETH-USDT+0.0042%8h2,731.6−0.019%$1.06B$1.20B200xas long as short
BingX ETH-USDC+0.0052%8h2,730.5−0.059%$18.5Mas long as short
Bybit ETHUSDT+0.0059%8h2,731.6−0.019%$2.38B$4.35B150xas long as short
KuCoin ETHUSDTM+0.0064%8h2,731.1−0.038%$379.9M$574.5M100xas long as short
OKX ETH-USDT-SWAP+0.0072%8h2,731.1−0.037%$1.67B$10.70B100xas long as short
Phemex ETHUSDT+0.0073%8h2,732−0.005%$265.6M$65.3M150xas long as short
Aster ETHUSDT+0.0086%8h2,731.3−0.029%$250.8M$841.9M200xas long as short
Deribit ETH-PERPETUAL+0.0090%1h2,733.5+0.051%$259.7M$196.2M50xas long as short
SoDEX ETH-USDlong+0.0091%1h2,732.1long leg$54.4M$187.6M40x
MEXC ETH_USDT+0.0094%8h2,731.1−0.037%$1.55B$2.56B500xas long as short
Binance ETHUSDT+0.0095%8h2,731.3−0.030%$6.35B$15.87B150xas long as short
Lighter ETH+0.0096%1h2,731.8−0.011%$112.8M$440.2M50xas long as short
Lighter RH ETH+0.0096%1h2,732.7+0.020%$23.4M$106.6M50xas long as short
Jupiter Perps ETH-PERPshortL +0.0096% / S +0.0048%1h2,732.9+0.031%$30.9M500x
Aevo ETH-PERP+0.0096%1h2,729.8−0.086%$4.9M$155K20xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,736.8+0.170%$15.5M$8.0M50xas long as short
RISEx ETH/USDC+0.0099%1h2,733.6+0.054%$5.6M$11.6M25xas long as short
Katana Perps ETH-USD+0.0100%8h2,732.6+0.018%$500K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,732.5+0.013%$13.7M$104.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,733.3+0.044%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,733.5+0.051%$31.8M$333.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,732.5+0.015%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,733.6+0.055%$1.6M$16.2M25xas long as short
Gate ETH_USDT+0.0100%8h2,731.1−0.037%$3.34B$8.91B200xas long as short
Bitget ETHUSDT+0.0100%8h2,731.1−0.036%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,731.4−0.025%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,731.5−0.023%$133.7M$325.4Mas long as short
edgeX ETHUSDC+0.0100%4h2,734.1+0.074%$183.9M$671.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,734.9+0.101%$159.1M$86.4M50xas long as short
StandX ETH-USD+0.0100%1h2,732.4+0.011%$21.1M$68.1M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,734+0.070%$11.2M$9.2M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,733+0.034%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,734+0.071%$41.3M$29.8M15xas long as short
SunX ETH-USDT+0.0100%8h2,731.8−0.012%$958K$11.3M100xas long as short
Bulk ETH-USD+0.0100%1h2,734.8+0.100%$164.8M$300.4M25xas long as short
Vest ETH-PERP+0.0100%1h2,733.6+0.053%$843K50xas long as short
Extended ETH-USD+0.0104%1h2,730.4−0.063%$30.3M$72.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,733.4+0.048%$51.4M$4.27B50xas long as short
Aftermath Perps ETHUSD+0.0114%1h2,734.2+0.075%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0137%8h2,732.9+0.029%$6.8M$678.5M4.9xas long as short
Orderly PERP_ETH_USDC+0.0195%8h2,734.6+0.092%$32.2M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0219%1h2,731.7−0.015%$7.3M$1.2M25xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,732.8+0.026%$83.3M$314.7M100xas long as short
Hibachi ETH/USDT-P+0.0264%1h2,734.4+0.084%$253K$1.4M20xas long as short
BloFin ETH-USDT+0.0380%8h2,731.7−0.016%$282.3M$175.5M150xas long as short