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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 06:00 UTC−0.0023%/8h= −2.5% APRnext payment −$0.03 per $10,000 · paid last 24h −0.008%
Price spread now: Bullet against Jupiter Perps−0.028%7-day average −0.020% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Jupiter PerpsShort on Bullet
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.047%−$5 on $10k
Price spread, last 4 days (all we have)+0.030%+$3 · spread now −0.028%, 7d avg −0.020%
Together, before fees−0.017%−$2 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: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongJupiter Perps ETH-PERP2,726.9L +0.0096% / S +0.0048%pay 0.0012% / 1h54m 12s—$31.0M500x
ShortBullet ETH-USD2,726.20.0073get 0.0009% / 1h54m 12s$176K$1.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bullet 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
−$4.73
Price spread: −0.028% → −0.020%
−$0.8
Slippage, 4 orders
no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Fee Bullet: 4 bp × 2 orders
−$8
Net
−$25.53
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Jupiter Perps: no order-book sample; Bullet: live order book, 5 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 Bullet live order book, 5 min ago0.18 bp4.5 bp −$47.9 bp −$79doesn't fitdoesn'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−0.0335%43m2,726.6−0.013%$287K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,728+0.039%$5K$1K50xas long as short
HTX ETH-USDT−0.0019%8h2,726.4−0.020%$1.05B$1.21B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,726.7−0.008%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,727.6+0.024%$814K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,727.3+0.012%$10.7M$42.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,726.8−0.003%$28.0M—200xas long as short
Injective ETH/USDC PERP+0.0009%1h2,729.1+0.079%$117K$22.5M52xas long as short
BingX ETH-USDC+0.0030%8h2,725.9−0.037%—$18.5M—as long as short
Bybit ETHUSDT+0.0039%8h2,726.4−0.021%$2.36B$4.40B150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0048%1h2,727.2+0.010%$186K$785K50xas long as short
Deribit ETH-PERPETUAL+0.0058%1h2,728+0.039%$258.5M$203.1M50xas long as short
SunX ETH-USDT+0.0059%8h2,725.8−0.040%$956K$11.2M100xas long as short
KuCoin ETHUSDTM+0.0065%8h2,726.7−0.008%$377.8M$576.6M100xas long as short
Bullet ETH-USDshort+0.0073%1h2,726.2−0.028%$176K$1.7M20x
Aster ETHUSDT+0.0078%8h2,727+0.001%$252.3M$843.1M200xas long as short
Aevo ETH-PERP+0.0080%1h2,724.5−0.090%$4.9M$155K20xas long as short
Aftermath Perps ETHUSD+0.0082%1h2,728.3+0.049%$30K$20K20xas long as short
MEXC ETH_USDT+0.0084%8h2,726.6−0.011%$1.56B$2.55B500xas long as short
OKX ETH-USDT-SWAP+0.0084%8h2,726.6−0.014%$1.67B$10.74B100xas long as short
Binance ETHUSDT+0.0085%8h2,726.6−0.011%$6.32B$15.97B150xas long as short
Phemex ETHUSDT+0.0091%8h2,726.5−0.014%$263.9M$64.1M150xas long as short
Lighter ETH+0.0096%1h2,726.9−0.002%$111.7M$428.6M50xas long as short
Lighter RH ETH+0.0096%1h2,728.4+0.054%$23.4M$102.7M50xas long as short
Jupiter Perps ETH-PERPlongL +0.0096% / S +0.0048%1h2,726.9long leg—$31.0M500x
Katana Perps ETH-USD+0.0100%8h2,726.1−0.031%$499K$3.4M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,729+0.077%$15.4M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,727.3+0.013%$13.7M$104.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,729.2+0.083%$3.09B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,727.5+0.020%$31.8M$334.3M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,727.9+0.035%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,726.9−0.002%$1.5M$16.1M25xas long as short
Gate ETH_USDT+0.0100%8h2,726.6−0.013%$3.33B$8.83B200xas long as short
Bitget ETHUSDT+0.0100%8h2,726.6−0.013%$2.08B$2.74B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,726.5−0.016%$15.0M$42.7M50xas long as short
Variational Omni ETH+0.0100%8h2,728.8+0.070%$134.6M$323.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,727.9+0.036%$183.5M$671.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,731+0.149%$158.9M$87.3M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,729.4+0.091%$8.7M$31.2M100xas long as short
StandX ETH-USD+0.0100%1h2,729.3+0.087%$21.0M$73.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,728.2+0.047%—$846K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,728.1+0.043%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,727.2+0.010%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,728.1+0.043%$40.9M$30.1M15xas long as short
SoDEX ETH-USD+0.0100%1h2,726.9−0.001%$54.3M$187.8M40xas long as short
Bulk ETH-USD+0.0100%1h2,726.9+0.001%$164.5M$309.8M25xas long as short
Extended ETH-USD+0.0104%1h2,725.8−0.042%$30.6M$73.8M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,728+0.038%$50.1M$4.27B50xas long as short
RISEx ETH/USDC+0.0108%1h2,726.8−0.004%$5.6M$11.7M25xas long as short
Kalshi KXETHPERP+0.0130%8h2,728+0.039%$6.4M$688.4M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0176%1h2,727.5+0.020%$83.0M$316.7M100xas long as short
Orderly PERP_ETH_USDC+0.0189%8h2,728.9+0.070%$32.1M$11.4M100xas long as short
Reya ETHRUSDPERP+0.0205%1h2,725.7−0.046%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,728.1+0.041%$249K$1.4M20xas long as short
BloFin ETH-USDT+0.0338%8h2,727.6+0.023%$283.4M$174.5M150xas long as short