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 +0.001%
Price spread now: Polymarket Perps against Jupiter Perps−0.019%7-day average −0.002% · you buy dearer than you sell
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)+0.003%$0 on $10k
Price spread, last 3 days (all we have)+0.030%+$3 · spread now −0.019%, 7d avg −0.002%
Together, before fees+0.033%+$3 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongJupiter Perps ETH-PERP2,775.6L +0.0104% / S +0.0048%pay 0.0013% / 1h58m 33s$43.8M500x
ShortPolymarket Perps ETH-USD2,775.10.0100get 0.0013% / 1h58m 33s$10.6M$8.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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: −0.019% → −0.002%
−$1.72
Slippage, 4 orders
no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$22.56
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Jupiter Perps: no order-book sample; Polymarket Perps: live order book, 6 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 Polymarket Perps live order book, 6 min ago0.18 bp5.3 bp −$56.8 bp −$6814.2 bp −$1,421doesn'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
Injective ETH/USDC PERP−0.0752%1h2,782+0.229%$119K$22.5M52xas long as short
Perpl ETH−0.0223%43m2,774.2−0.052%$286K$6.8M8.3xas long as short
RISEx ETH/USDC−0.0128%1h2,770.8−0.173%$5.7M$11.9M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,771.1−0.163%$5K$1K50xas long as short
Bullet ETH-USD−0.0028%1h2,774−0.058%$182K$1.7M20xas long as short
SoDEX ETH-USD−0.0024%1h2,773.3−0.084%$55.2M$228.8M40xas long as short
01 Exchange ETHUSD−0.0008%1h2,770.8−0.174%$168K$1.2M50xas long as short
ApeX Omni ETHUSDT−0.0005%1h2,773.8−0.066%$8.7M$32.9M100xas long as short
dYdX ETH-USD0.0000%1h2,770.4−0.189%$12.7M$45.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,775.3−0.012%$8.1M$689.5M4.9xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix ETH+0.0003%1h2,776+0.013%$877K$3.6M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,774.1−0.055%$22.4M200xas long as short
OKX ETH-USDT-SWAP+0.0020%8h2,770.4−0.188%$1.71B$11.84B100xas long as short
Deribit ETH-PERPETUAL+0.0024%1h2,774.8−0.029%$259.1M$222.1M50xas long as short
Phemex ETHUSDT+0.0024%8h2,773.9−0.064%$270.2M$68.7M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,774−0.060%$12.8M200xas long as short
Aftermath Perps ETHUSD+0.0033%1h2,774.5−0.041%$29K$22K20xas long as short
Aster ETHUSDT+0.0036%8h2,772.5−0.113%$256.0M$1.00B200xas long as short
Aevo ETH-PERP+0.0056%1h2,773.4−0.079%$5.0M$312K20xas long as short
MEXC ETH_USDT+0.0057%8h2,770.5−0.185%$1.61B$2.62B500xas long as short
Binance ETHUSDT+0.0057%8h2,769.7−0.214%$6.46B$17.29B150xas long as short
Bitget ETHUSDT+0.0065%8h2,771−0.168%$2.10B$3.08B150xas long as short
Gate ETH_USDT+0.0071%8h2,770.5−0.185%$3.28B$8.87B200xas long as short
KuCoin ETHUSDTM+0.0080%8h2,771.8−0.139%$422.6M$738.8M100xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,775.3−0.013%$60.7M$4.59B50xas long as short
BingX ETH-USDT+0.0088%8h2,770.6−0.180%$1.24Bas long as short
Lighter ETH+0.0096%1h2,770.5−0.186%$115.1M$455.3M50xas long as short
Lighter RH ETH+0.0096%1h2,771.7−0.143%$25.3M$109.3M50xas long as short
Vest ETH-PERP+0.0097%1h2,775.2−0.016%$1.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,770.3−0.191%$15.9M$10.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,770.2−0.196%$489K$2.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,775−0.022%$14.4M$118.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,774.4−0.044%$3.17B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,771−0.167%$31.2M$319.4M50xas long as short
Bybit ETHUSDT+0.0100%8h2,770.5−0.184%$2.51B$4.63B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,770.2−0.196%$2.8M$17.3M25xas long as short
Arcus ETH-USD+0.0100%1h2,771.4−0.153%$2.7M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.5−0.184%$170.6M$266.1M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,772.8−0.104%$15.1M$44.2M50xas long as short
Variational Omni ETH+0.0100%8h2,773.8−0.065%$151.5M$345.4Mas long as short
edgeX ETHUSDC+0.0100%4h2,773.8−0.066%$182.1M$785.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776+0.014%$161.4M$88.9M50xas long as short
StandX ETH-USD+0.0100%1h2,775.6−0.001%$21.5M$58.7M40xas long as short
Polymarket Perps ETH-USDshort+0.0100%1h2,775.1−0.019%$10.6M$8.0M50x
Derive ETH-PERP+0.0100%1h2,775.8+0.008%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,775−0.022%$973K$13.9M100xas long as short
HTX ETH-USDT+0.0100%8h2,773.8−0.065%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,770.5−0.185%$32.5M$78.4M50xas long as short
Jupiter Perps ETH-PERPlongL +0.0104% / S +0.0048%1h2,775.6long leg$43.8M500x
Kraken Futures PF_ETHUSD+0.0134%1h2,774.8−0.031%$90.8M$338.3M100xas long as short
Orderly PERP_ETH_USDC+0.0145%8h2,776.1+0.016%$32.6M$12.2M100xas long as short
BloFin ETH-USDT+0.0177%8h2,773.3−0.086%$286.9M$193.4M150xas long as short
Hibachi ETH/USDT-P+0.0192%1h2,777.1+0.054%$253K$1.6M20xas long as short
Reya ETHRUSDPERP+0.0206%1h2,774.4−0.045%$7.4M$1.2M25xas long as short
Bluefin ETH-PERP+0.2664%1h2,775.1−0.020%$21K$24K25xas long as short