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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.031%
Price spread now: Gate against Jupiter Perps+0.047%7-day average −0.019% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Jupiter PerpsShort on Gate
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.067%−$7 on $10k
Price spread, last 4 days (all we have)−0.106%−$11 · spread now +0.047%, 7d avg −0.019%
Together, before fees−0.173%−$17 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: Gate is 0.066% dearer against Jupiter Perps than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.019%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongJupiter Perps ETH-PERP2,738.1L +0.0096% / S +0.0048%pay 0.0012% / 1h59m 40s—$31.0M500x
ShortGate ETH_USDT2,739.40.0100get 0.0100% / 8h3h 59m$3.34B$8.81B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
$0.84
Price spread: +0.047% → −0.019%
$6.56
Slippage, 4 orders
no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$19.6
Costs to cover
0.270%
Break-even
170.3 days
Slippage unknown: Jupiter Perps: no order-book sample; Gate: live order book, 4 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 Gate live order book, 4 min ago0.02 bp7.5 bp −$87.5 bp −$7510.3 bp −$1,02919.6 bp −$9,806
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−0.0447%43m2,738−0.006%$297K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,734.2−0.144%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,737.2−0.034%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,739.4+0.048%$11.9M—200xas long as short
Phoenix ETH0.0000%1h2,737.3−0.030%$827K$2.9M25xas long as short
dYdX ETH-USD+0.0001%1h2,739.5+0.051%$10.7M$41.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,739.6+0.054%$28.1M—200xas long as short
Bullet ETH-USD+0.0016%1h2,739.1+0.035%$180K$1.7M20xas long as short
HTX ETH-USDT+0.0024%8h2,739+0.030%$1.06B$1.20B200xas long as short
01 Exchange ETHUSD+0.0040%1h2,739.2+0.039%$187K$821K50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0043%8h2,738.9+0.027%—$18.5M—as long as short
Bybit ETHUSDT+0.0053%8h2,739+0.031%$2.38B$4.36B150xas long as short
ApeX Omni ETHUSDT+0.0064%1h2,736.1−0.074%$8.7M$31.3M100xas long as short
KuCoin ETHUSDTM+0.0068%8h2,739.2+0.037%$380.3M$573.7M100xas long as short
OKX ETH-USDT-SWAP+0.0075%8h2,739.6+0.054%$1.67B$10.75B100xas long as short
Phemex ETHUSDT+0.0077%8h2,739.2+0.038%$266.0M$65.1M150xas long as short
Aster ETHUSDT+0.0091%8h2,739.8+0.059%$251.3M$842.1M200xas long as short
Lighter ETH+0.0096%1h2,739.2+0.037%$113.2M$429.8M50xas long as short
Lighter RH ETH+0.0096%1h2,740.3+0.078%$23.5M$106.9M50xas long as short
Jupiter Perps ETH-PERPlongL +0.0096% / S +0.0048%1h2,738.1long leg—$31.0M500x
Aevo ETH-PERP+0.0096%1h2,736.8−0.047%$4.9M$155K20xas long as short
MEXC ETH_USDT+0.0098%8h2,739.5+0.048%$1.55B$2.53B500xas long as short
Binance ETHUSDT+0.0098%8h2,739.5+0.050%$6.37B$15.89B150xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,743.9+0.212%$15.6M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,738.6+0.017%$499K$3.3M50xas long as short
Nado ETH-PERP+0.0100%1h2,738.7+0.022%$13.6M$104.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,740.6+0.090%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,740.3+0.077%$31.9M$334.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,738.2+0.002%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,739.5+0.048%$1.5M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,733.7−0.163%$169.4M$313.3M25xas long as short
Gate ETH_USDTshort+0.0100%8h2,739.4+0.047%$3.34B$8.81B200x
Bitget ETHUSDT+0.0100%8h2,739.2+0.039%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,738.3+0.008%$15.0M$40.5M50xas long as short
Variational Omni ETH+0.0100%8h2,737.3−0.030%$134.0M$324.5M—as long as short
edgeX ETHUSDC+0.0100%4h2,735.2−0.108%$184.0M$671.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,736.6−0.056%$159.2M$86.4M50xas long as short
StandX ETH-USD+0.0100%1h2,736.2−0.071%$21.1M$68.3M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,740.6+0.090%$11.2M$9.3M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,739+0.032%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,741.2+0.111%$41.4M$29.8M15xas long as short
SunX ETH-USDT+0.0100%8h2,737.9−0.007%$961K$11.3M100xas long as short
SoDEX ETH-USD+0.0100%1h2,739.2+0.039%$54.6M$187.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,739.6+0.054%—$843K50xas long as short
Extended ETH-USD+0.0104%1h2,738.4+0.008%$30.4M$72.9M50xas long as short
RISEx ETH/USDC+0.0107%1h2,739.5+0.049%$5.7M$11.7M25xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,740.4+0.083%$51.4M$4.28B50xas long as short
Aftermath Perps ETHUSD+0.0115%1h2,736.1−0.075%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0129%8h2,738.9+0.028%$6.8M$679.4M4.9xas long as short
Deribit ETH-PERPETUAL+0.0188%1h2,740.7+0.092%$260.1M$197.1M50xas long as short
Orderly PERP_ETH_USDC+0.0199%8h2,741.7+0.129%$32.3M$11.7M100xas long as short
Reya ETHRUSDPERP+0.0216%1h2,738.5+0.014%$7.3M$1.2M25xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,739.8+0.060%$83.3M$314.9M100xas long as short
Hibachi ETH/USDT-P+0.0280%1h2,739.2+0.039%$249K$1.4M20xas long as short
BloFin ETH-USDT+0.0387%8h2,737.2−0.033%$283.5M$175.9M150xas long as short