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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRnext payment $0.00 per $10,000 · paid last 24h +0.010%
Price spread now: Derive against Jupiter Perps+0.048%7-day average +0.042% · 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)+0.032%+$3 on $10k
Price spread, last 3 days (all we have)−0.001%$0 · spread now +0.048%, 7d avg +0.042%
Together, before fees+0.031%+$3 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongJupiter Perps ETH-PERP2,769.7L +0.0104% / S +0.0048%pay 0.0013% / 1h11m 00s$36.1M500x
ShortDerive ETH-PERP2,7710.0100get 0.0013% / 1h11m 00s$42.5M$28.9M15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Derive 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: +0.048% → +0.042%
$0.59
Slippage, 4 orders
no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Fee Derive: 3 bp × 2 orders
−$6
Net
−$18.25
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Jupiter Perps: no order-book sample; Derive: 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 Derive no order-book sample
Jupiter Perps and Derive: 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
Injective ETH/USDC PERP−0.0752%1h2,773.8+0.148%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,769.8+0.004%$5.6M$11.2M25xas long as short
Perpl ETH−0.0112%43m2,769.4−0.011%$326K$6.2M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,770.1+0.014%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0032%1h2,769.8+0.004%$169K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,770.5+0.029%$872K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,769.9+0.007%$12.3M$43.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,769.8+0.004%$22.4M200xas long as short
Bullet ETH-USD+0.0014%1h2,769.3−0.014%$185K$1.7M20xas long as short
OKX ETH-USDT-SWAP+0.0030%8h2,771.5+0.064%$1.71B$11.02B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX ETH-USD+0.0040%1h2,769.2−0.018%$55.2M$187.7M40xas long as short
GMX ETH/USD [ETH-USDC]L +0.0043% / S −0.0009%1h2,769.7−0.001%$12.7M200xas long as short
Aster ETHUSDT+0.0050%8h2,770.3+0.021%$256.2M$860.7M200xas long as short
Binance ETHUSDT+0.0060%8h2,770.6+0.031%$6.48B$16.12B150xas long as short
MEXC ETH_USDT+0.0061%8h2,769.5−0.009%$1.61B$2.66B500xas long as short
Aevo ETH-PERP+0.0064%1h2,766.5−0.115%$5.0M$156K20xas long as short
HTX ETH-USDT+0.0073%8h2,769−0.024%$1.07B$1.23B200xas long as short
Bitget ETHUSDT+0.0078%8h2,772+0.083%$2.10B$2.83B150xas long as short
Aftermath Perps ETHUSD+0.0079%1h2,770.4+0.025%$31K$21K20xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,770.4+0.025%$60.3M$4.40B50xas long as short
Gate ETH_USDT+0.0081%8h2,769.6−0.004%$3.38B$9.10B200xas long as short
Vest ETH-PERP+0.0083%1h2,769.9+0.008%$876K50xas long as short
KuCoin ETHUSDTM+0.0089%8h2,769.2−0.019%$420.1M$595.7M100xas long as short
ApeX Omni ETHUSDT+0.0094%1h2,769.3−0.014%$8.6M$32.0M100xas long as short
Phemex ETHUSDT+0.0095%8h2,769.3−0.014%$269.5M$66.0M150xas long as short
Lighter ETH+0.0096%1h2,770+0.010%$115.1M$459.9M50xas long as short
Lighter RH ETH+0.0096%1h2,771.1+0.049%$25.5M$112.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,773.1+0.123%$15.9M$8.4M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,769.3−0.014%$485K$2.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,769.8+0.004%$14.5M$113.0M50xas long as short
Hyperliquid ETH+0.0100%1h2,772+0.084%$3.17B$2.19B25xas long as short
Pacifica ETH+0.0100%1h2,769.5−0.006%$31.2M$328.0M50xas long as short
Bybit ETHUSDT+0.0100%8h2,771.7+0.071%$2.51B$4.28B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,768.9−0.029%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,770.2+0.017%$2.8M$16.8M25xas long as short
Bulk ETH-USD+0.0100%1h2,763.5−0.223%$172.0M$292.0M25xas long as short
BingX ETH-USDC+0.0100%8h2,769.1−0.021%$17.3Mas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,769.3−0.013%$15.2M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,769.2−0.020%$134.1M$347.1Mas long as short
edgeX ETHUSDC+0.0100%4h2,769−0.027%$181.8M$786.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,771.4+0.061%$161.1M$84.1M50xas long as short
StandX ETH-USD+0.0100%1h2,771.5+0.065%$21.4M$64.1M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,769.6−0.004%$10.5M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,769.70.000%$21K$22K25xas long as short
Derive ETH-PERPshort+0.0100%1h2,771+0.048%$42.5M$28.9M15x
SunX ETH-USDT+0.0100%8h2,768.3−0.049%$971K$12.8M100xas long as short
Extended ETH-USD+0.0104%1h2,771.4+0.062%$30.9M$74.4M50xas long as short
Jupiter Perps ETH-PERPlongL +0.0104% / S +0.0048%1h2,769.7long leg$36.1M500x
Kalshi KXETHPERP+0.0113%8h2,770.3+0.022%$8.1M$674.1M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,770.7+0.037%$97.9M$314.5M100xas long as short
Orderly PERP_ETH_USDC+0.0156%8h2,771.8+0.074%$32.7M$11.0M100xas long as short
Hibachi ETH/USDT-P+0.0160%1h2,770.4+0.024%$253K$1.5M20xas long as short
BloFin ETH-USDT+0.0180%8h2,769.1−0.020%$287.7M$177.7M150xas long as short
Deribit ETH-PERPETUAL+0.0183%1h2,770.6+0.034%$259.1M$202.3M50xas long as short
Reya ETHRUSDPERP+0.0214%1h2,769.8+0.005%$7.3M$1.1M25xas long as short