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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Extended against Jupiter Perps+0.015%7-day average −0.047% · 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 4 days (all we have)+0.006%+$1 on $10k
Price spread, last 4 days (all we have)−0.141%−$14 · spread now +0.015%, 7d avg −0.047%
Together, before fees−0.134%+ Points / potential airdropExtended: Active · farm board−$13 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.061% dearer against Jupiter Perps than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.047%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongJupiter Perps ETH-PERP2,747.9L +0.0096% / S +0.0056%pay 0.0012% / 1h12m 25s$23.8M500x
ShortExtended ETH-USD2,748.30.0104get 0.0013% / 1h12m 25s$30.4M$68.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Jupiter Perps. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$1.68
Price spread: +0.015% → −0.047%
$6.13
Slippage, 4 orders
no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$9.19
Costs to cover
0.170%
Break-even
45.3 days
Slippage unknown: Jupiter Perps: no order-book sample; Extended: live order book, 2 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 Extended live order book, 2 min ago0.18 bp2.7 bp −$32.7 bp −$274.8 bp −$47712.3 bp −$6,142
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl ETH−0.0112%43m2,744.4−0.127%$276K$5.3M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,744.5−0.125%$5K$1K50xas long as short
Bybit ETHUSDT−0.0057%8h2,750.1+0.079%$2.35B$4.25B150xas long as short
Phemex ETHUSDT−0.0028%8h2,743.7−0.154%$264.0M$61.8M150xas long as short
BloFin ETH-USDT−0.0026%8h2,744.2−0.137%$279.5M$174.1M150xas long as short
Phoenix ETH−0.0012%1h2,741.5−0.234%$811K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,748.6+0.024%$12.0M200xas long as short
dYdX ETH-USD0.0000%1h2,745.6−0.085%$11.0M$42.0M50xas long as short
Kalshi KXETHPERP0.0000%8h2,744.6−0.121%$6.6M$663.9M4.9xas long as short
Hibachi ETH/USDT-P0.0000%1h2,746.3−0.059%$242K$1.4M20xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,748.8+0.030%$33.2M200xas long as short
01 Exchange ETHUSD+0.0024%1h2,747.3−0.023%$180K$917K50xas long as short
HTX ETH-USDT+0.0038%8h2,744−0.142%$1.05B$1.18B200xas long as short
Gate ETH_USDT+0.0040%8h2,748.4+0.015%$3.28B$8.43B200xas long as short
SoDEX ETH-USD+0.0066%1h2,748.9+0.035%$54.8M$160.0M40xas long as short
ApeX Omni ETHUSDT+0.0067%1h2,743.3−0.167%$8.3M$30.4M100xas long as short
Aster ETHUSDT+0.0070%8h2,748.8+0.032%$254.0M$798.6M200xas long as short
OKX ETH-USDT-SWAP+0.0072%8h2,748.7+0.029%$1.66B$10.25B100xas long as short
MEXC ETH_USDT+0.0080%8h2,748.5+0.020%$1.59B$2.61B500xas long as short
Aevo ETH-PERP+0.0080%1h2,747.4−0.019%$4.9M$199K20xas long as short
Binance ETHUSDT+0.0080%8h2,748.2+0.011%$6.35B$15.42B150xas long as short
KuCoin ETHUSDTM+0.0085%8h2,748+0.001%$369.6M$491.7M100xas long as short
Bullet ETH-USD+0.0092%1h2,748.4+0.018%$178K$1.7M20xas long as short
SunX ETH-USDT+0.0093%8h2,749.3+0.051%$950K$10.1M100xas long as short
Lighter ETH+0.0096%1h2,746.1−0.067%$113.7M$407.6M50xas long as short
Lighter RH ETH+0.0096%1h2,747.5−0.017%$23.8M$98.0M50xas long as short
Jupiter Perps ETH-PERPlongL +0.0096% / S +0.0056%1h2,747.9long leg$23.8M500x
Katana Perps ETH-USD+0.0100%8h2,746.3−0.059%$521K$3.6M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,750.7+0.101%$15.5M$6.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,747.4−0.021%$14.5M$99.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,749.8+0.068%$3.13B$1.97B25xas long as short
Pacifica ETH+0.0100%1h2,746.8−0.039%$32.2M$328.1M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,745.5−0.088%$2.7M$16.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,746.8−0.039%$1.6M$15.4M25xas long as short
Bitget ETHUSDT+0.0100%8h2,748.9+0.036%$2.12B$2.55B150xas long as short
BingX ETH-USDC+0.0100%8h2,747.5−0.014%$18.5Mas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,744.3−0.131%$15.0M$38.5M50xas long as short
Variational Omni ETH+0.0100%8h2,743.6−0.159%$132.5M$307.8Mas long as short
edgeX ETHUSDC+0.0100%4h2,743.4−0.164%$186.1M$690.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,744.4−0.128%$159.6M$77.6M50xas long as short
StandX ETH-USD+0.0100%1h2,746−0.070%$21.1M$71.4M40xas long as short
Vest ETH-PERP+0.0100%1h2,748.8+0.030%$415K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,748.7+0.028%$11.3M$9.1M50xas long as short
Bulk ETH-USD+0.0100%1h2,738.5−0.342%$165.3M$346.3M25xas long as short
Extended ETH-USDshort+0.0104%1h2,748.3+0.015%$30.4M$68.8M50x
Kraken Futures PF_ETHUSD+0.0104%1h2,749.5+0.056%$82.5M$292.7M100xas long as short
Aftermath Perps ETHUSD+0.0118%1h2,741.8−0.221%$30K$12K20xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,744.2−0.137%$45.6M$4.14B50xas long as short
Deribit ETH-PERPETUAL+0.0121%1h2,750.5+0.093%$266.0M$214.4M50xas long as short
RISEx ETH/USDC+0.0137%1h2,747.1−0.028%$5.6M$11.3M25xas long as short
Reya ETHRUSDPERP+0.0169%1h2,742.7−0.192%$7.3M$936K25xas long as short
Orderly PERP_ETH_USDC+0.0180%8h2,751.6+0.132%$32.4M$10.6M100xas long as short
Injective ETH/USDC PERP+0.0253%1h2,748.6+0.025%$118K$22.9M52xas long as short
Bluefin ETH-PERP+0.0776%1h2,749.9+0.073%$20K$15K25xas long as short