ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0176%/8h= −19.3% APRnext payment −$0.22 per $10,000 · paid last 24h −0.044%

Price spread now: Jupiter Perps against Coinbase International+0.022%7-day average −0.018% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Jupiter Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.157%−$16 on $10k

Price spread, last 4 days (all we have)+0.237%+$24 · spread now +0.022%, 7d avg −0.018%

Together, before fees+0.080%+$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Jupiter Perps is 0.040% dearer against Coinbase International than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of −0.018%): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ETH-PERP-INTX	2,744.2	0.0120	pay 0.0015% / 1h	12m 46s	$45.6M	$4.14B	50x
Short	Jupiter Perps ETH-PERP	2,744.8	L +0.0096% / S +0.0056%	pay 0.0007% / 1h	12m 46s	—	$23.8M	500x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Jupiter Perps against Coinbase International. 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

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee Jupiter PerpsbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$36.96
Price spread: +0.022% → −0.018%: $3.98
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Jupiter Perps: 6 bp × 2 orders: −$12
Net: −$54.98
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 1 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Coinbase International live order book, 1 min ago	0.02 bp	5.2 bp −$5	6.1 bp −$61	9.3 bp −$930	24.6 bp −$12.3K
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 54 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0112%	43m	2,744.4	+0.010%	$276K	$5.3M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,744.4	+0.009%	$5K	$1K	50x	as long as short
Bybit ETHUSDT	−0.0057%	8h	2,746	+0.068%	$2.34B	$4.23B	150x	as long as short
Phemex ETHUSDT	−0.0028%	8h	2,743.7	−0.017%	$264.0M	$61.8M	150x	as long as short
BloFin ETH-USDT	−0.0026%	8h	2,744.2	0.000%	$279.5M	$174.1M	150x	as long as short
Phoenix ETH	−0.0012%	1h	2,741.5	−0.097%	$811K	$3.0M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,743.9	−0.009%	$12.0M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,745.6	+0.052%	$11.0M	$42.0M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,744.6	+0.016%	$6.6M	$663.9M	4.9x	as long as short
Hibachi ETH/USDT-P	0.0000%	1h	2,746.3	+0.078%	$242K	$1.4M	20x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ETH-PERPETUAL	0.0000%	1h	2,744.5	+0.011%	$266.0M	$214.5M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,743.8	−0.012%	$33.1M	—	200x	as long as short
01 Exchange ETHUSD	+0.0024%	1h	2,744.6	+0.016%	$184K	$904K	50x	as long as short
HTX ETH-USDT	+0.0038%	8h	2,744	−0.005%	$1.05B	$1.18B	200x	as long as short
Gate ETH_USDT	+0.0049%	8h	2,745.2	+0.036%	$3.28B	$8.43B	200x	as long as short
SoDEX ETH-USD	+0.0061%	1h	2,743	−0.042%	$54.7M	$160.1M	40x	as long as short
ApeX Omni ETHUSDT	+0.0067%	1h	2,743.3	−0.030%	$8.3M	$30.4M	100x	as long as short
Aster ETHUSDT	+0.0070%	8h	2,746.1	+0.071%	$253.8M	$798.2M	200x	as long as short
OKX ETH-USDT-SWAP	+0.0072%	8h	2,745.8	+0.061%	$1.66B	$10.22B	100x	as long as short
MEXC ETH_USDT	+0.0080%	8h	2,746.2	+0.073%	$1.58B	$2.60B	500x	as long as short
Aevo ETH-PERP	+0.0080%	1h	2,740.6	−0.131%	$4.9M	$194K	20x	as long as short
Binance ETHUSDT	+0.0080%	8h	2,746	+0.068%	$6.35B	$15.41B	150x	as long as short
SunX ETH-USDT	+0.0082%	8h	2,743.6	−0.021%	$949K	$10.2M	100x	as long as short
KuCoin ETHUSDTM	+0.0086%	8h	2,746.1	+0.072%	$369.3M	$491.7M	100x	as long as short
Bullet ETH-USD	+0.0091%	1h	2,743.4	−0.029%	$178K	$1.7M	20x	as long as short
Lighter ETH	+0.0096%	1h	2,746.1	+0.070%	$113.7M	$407.6M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,747.5	+0.120%	$23.8M	$98.0M	50x	as long as short
Jupiter Perps ETH-PERPshort	L +0.0096% / S +0.0056%	1h	2,744.8	+0.022%	—	$23.8M	500x
Katana Perps ETH-USD	+0.0100%	8h	2,744.5	+0.012%	$521K	$3.6M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,750.7	+0.238%	$15.5M	$6.8M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,743.8	−0.012%	$14.5M	$99.8M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,748.2	+0.147%	$3.13B	$1.97B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,746.8	+0.098%	$32.2M	$328.1M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,745.5	+0.049%	$2.7M	$16.0M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,746.8	+0.098%	$1.6M	$15.4M	25x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,746.1	+0.071%	$2.12B	$2.54B	150x	as long as short
BingX ETH-USDT	+0.0100%	8h	2,745.4	+0.046%	—	$998.4M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,744.3	+0.006%	$15.0M	$38.5M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,743.6	−0.022%	$132.5M	$307.8M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,743.4	−0.027%	$186.1M	$690.5M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,744.4	+0.009%	$159.6M	$77.6M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,746	+0.067%	$21.1M	$71.4M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,745.9	+0.062%	—	$416K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,745.3	+0.042%	$11.2M	$9.1M	50x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,738.5	−0.205%	$165.3M	$346.3M	25x	as long as short
Extended ETH-USD	+0.0104%	1h	2,743.8	−0.013%	$30.4M	$68.8M	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0104%	1h	2,743.8	−0.012%	$82.3M	$292.7M	100x	as long as short
Aftermath Perps ETHUSD	+0.0119%	1h	2,740.5	−0.135%	$30K	$12K	20x	as long as short
Coinbase International ETH-PERP-INTXlong	+0.0120%	1h	2,744.2	long leg	$45.6M	$4.14B	50x
RISEx ETH/USDC	+0.0137%	1h	2,745.2	+0.038%	$5.6M	$11.3M	25x	as long as short
Reya ETHRUSDPERP	+0.0169%	1h	2,742.7	−0.055%	$7.3M	$936K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0180%	8h	2,745.3	+0.041%	$32.3M	$10.6M	100x	as long as short
Injective ETH/USDC PERP	+0.0253%	1h	2,748.6	+0.162%	$118K	$22.9M	52x	as long as short
Bluefin ETH-PERP	+0.0806%	1h	2,744.4	+0.007%	$20K	$15K	25x	as long as short