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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 22:00 UTC−0.0130%/8h= −14.2% APRnext payment −$0.16 per $10,000 · paid last 24h −0.038%
Price spread now: Jupiter Perps against Bullet+0.031%7-day average +0.020% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BulletShort on Jupiter Perps
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.095%−$9 on $10k
Price spread, last 3 days (all we have)+0.022%+$2 · spread now +0.031%, 7d avg +0.020%
Together, before fees−0.073%−$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet ETH-USD2,775.80.0082pay 0.0010% / 1h20m 21s$184K$1.8M20x
ShortJupiter Perps ETH-PERP2,776.7L +0.0096% / S +0.0048%pay 0.0006% / 1h20m 21s—$41.7M500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Jupiter Perps against Bullet. 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
−$27.24
Price spread: +0.031% → +0.020%
$1.06
Slippage, 4 orders
no order book: not counted
Fee Bullet: 4 bp × 2 orders
−$8
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Net
−$46.18
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Bullet: live order book, 4 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 Bullet live order book, 4 min ago0.36 bp6.0 bp −$68.9 bp −$89doesn't fitdoesn't fit
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−0.0112%43m2,776.5+0.024%$289K$6.9M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,775.7−0.004%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,776.9+0.040%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0056%1h2,776.8+0.036%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,773.4−0.087%$858K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,776.8+0.036%$5.8M$11.7M25xas long as short
dYdX ETH-USD0.0000%1h2,776.5+0.024%$12.7M$45.5M50xas long as short
Aftermath Perps ETHUSD+0.0001%1h2,775.2−0.023%$29K$22K20xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,776.7+0.032%$22.4M—200xas long as short
Phemex ETHUSDT+0.0012%8h2,776.5+0.026%$267.4M$66.0M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,775.7−0.003%$1.71B$11.92B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,776.7+0.031%$13.2M—200xas long as short
Aster ETHUSDT+0.0039%8h2,775.9+0.003%$256.7M$995.6M200xas long as short
ApeX Omni ETHUSDT+0.0039%1h2,776.7+0.031%$8.8M$32.6M100xas long as short
MEXC ETH_USDT+0.0048%8h2,776.1+0.009%$1.59B$2.68B500xas long as short
Aevo ETH-PERP+0.0048%1h2,775.5−0.010%$5.0M$636K20xas long as short
Binance ETHUSDT+0.0049%8h2,776.1+0.011%$6.44B$17.23B150xas long as short
Deribit ETH-PERPETUAL+0.0067%1h2,777.5+0.061%$258.5M$224.9M50xas long as short
Gate ETH_USDT+0.0073%8h2,775.9+0.005%$3.29B$9.67B200xas long as short
Bitget ETHUSDT+0.0074%8h2,775.80.000%$2.10B$3.13B150xas long as short
Bullet ETH-USDlong+0.0082%1h2,775.8long leg$184K$1.8M20x
Variational Omni ETH+0.0096%8h2,776.8+0.035%$141.1M$320.7M—as long as short
Lighter ETH+0.0096%1h2,776.5+0.027%$115.1M$514.3M50xas long as short
Lighter RH ETH+0.0096%1h2,777.9+0.075%$25.4M$122.9M50xas long as short
Jupiter Perps ETH-PERPshortL +0.0096% / S +0.0048%1h2,776.7+0.031%—$41.7M500x
Paradex ETH-USD-PERP+0.0100%8h2,776.4+0.020%$16.0M$10.8M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,776.6+0.029%$488K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,776.2+0.015%$15.3M$117.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,778.9+0.112%$3.21B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,777+0.042%$31.2M$287.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,776+0.007%$2.51B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,775.5−0.011%$2.9M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,778.5+0.096%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,778.1+0.083%$165.4M$253.6M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,776.5+0.024%$422.8M$742.0M100xas long as short
BingX ETH-USDT+0.0100%8h2,775.8−0.001%—$1.18B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,776.6+0.028%$15.4M$42.8M50xas long as short
edgeX ETHUSDC+0.0100%4h2,776.9+0.040%$178.5M$792.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,777+0.044%$161.6M$97.3M50xas long as short
StandX ETH-USD+0.0100%1h2,777+0.043%$21.4M$57.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,777.2+0.050%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,777.5+0.061%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,776.7+0.032%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,778.3+0.089%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,775.6−0.009%$974K$14.2M100xas long as short
SoDEX ETH-USD+0.0100%1h2,775.7−0.004%$55.3M$228.6M40xas long as short
HTX ETH-USDT+0.0100%8h2,776+0.006%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,775.5−0.012%$31.4M$75.9M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,777.7+0.068%$60.1M$4.63B50xas long as short
Kalshi KXETHPERP+0.0120%8h2,777.4+0.058%$8.6M$674.0M4.9xas long as short
Orderly PERP_ETH_USDC+0.0133%8h2,778.9+0.110%$32.6M$12.0M100xas long as short
BloFin ETH-USDT+0.0169%8h2,776.1+0.009%$284.2M$195.8M150xas long as short
Reya ETHRUSDPERP+0.0183%1h2,775.8+0.001%$7.4M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,777.1+0.046%$86.6M$330.7M100xas long as short
Hibachi ETH/USDT-P+0.0440%1h2,778.1+0.082%$283K$1.5M20xas long as short