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

ETH

all ETH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0132%/8h= +14.4% APRnext payment +$0.16 per $10,000 · paid last 24h +0.016%
Price spread now: Reya against Jupiter Perps+0.002%7-day average −0.033% · 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)+0.040%+$4 on $10k
Price spread, last 4 days (all we have)−0.183%−$18 · spread now +0.002%, 7d avg −0.033%
Together, before fees−0.143%+ Points / potential airdropReya: Active · farm board−$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Reya is 0.035% dearer against Jupiter Perps than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.033%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongJupiter Perps ETH-PERP2,743.8L +0.0096% / S +0.0056%pay 0.0012% / 1h13m 05s$30.4M500x
ShortReya ETHRUSDPERP2,743.90.0228get 0.0028% / 1h13m 05s$7.3M$1.2M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya 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
$27.66
Price spread: +0.002% → −0.033%
$3.48
Slippage, 4 orders
no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Fee Reya: 3 bp × 2 orders
−$6
Net
$13.14
Costs to cover
0.180%
Break-even
3.7 days
Slippage unknown: Jupiter Perps: no order-book sample; Reya: 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 Reya no order-book sample
Jupiter Perps and Reya: 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
Hotstuff ETH-PERP−0.0080%1h2,744.5+0.024%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,746.8+0.108%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,743.9+0.003%$12.1M200xas long as short
dYdX ETH-USD0.0000%1h2,744.6+0.026%$10.8M$41.7M50xas long as short
Perpl ETH0.0000%43m2,743.9+0.002%$305K$5.6M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,744.1+0.009%$25.1M200xas long as short
Phoenix ETH+0.0017%1h2,746.8+0.108%$848K$2.9M25xas long as short
01 Exchange ETHUSD+0.0024%1h2,744.8+0.035%$182K$836K50xas long as short
ApeX Omni ETHUSDT+0.0042%1h2,745.9+0.076%$8.8M$30.7M100xas long as short
BingX ETH-USDT+0.0053%8h2,742.7−0.041%$1.14Bas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0067%8h2,742.7−0.040%$1.71B$10.55B100xas long as short
KuCoin ETHUSDTM+0.0070%8h2,743.8−0.002%$381.8M$575.4M100xas long as short
Bullet ETH-USD+0.0074%1h2,743.6−0.008%$182K$1.7M20xas long as short
RISEx ETH/USDC+0.0077%1h2,744.9+0.038%$5.6M$11.4M25xas long as short
SoDEX ETH-USD+0.0089%1h2,743−0.031%$54.6M$187.6M40xas long as short
Aster ETHUSDT+0.0089%8h2,743.3−0.019%$253.8M$840.8M200xas long as short
Lighter ETH+0.0096%1h2,743.3−0.020%$112.9M$435.5M50xas long as short
Lighter RH ETH+0.0096%1h2,744.4+0.020%$24.6M$104.1M50xas long as short
Jupiter Perps ETH-PERPlongL +0.0096% / S +0.0056%1h2,743.8long leg$30.4M500x
MEXC ETH_USDT+0.0096%8h2,742.5−0.049%$1.56B$2.55B500xas long as short
Aevo ETH-PERP+0.0096%1h2,743.6−0.007%$4.9M$154K20xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,744.8+0.036%$57.2M$4.25B50xas long as short
Binance ETHUSDT+0.0097%8h2,742.7−0.042%$6.38B$15.67B150xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,748.5+0.171%$16.0M$7.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,744.4+0.020%$467K$3.1M50xas long as short
Nado ETH-PERP+0.0100%1h2,744.3+0.016%$13.9M$104.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,745+0.042%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,745.3+0.053%$31.7M$334.5M50xas long as short
Bybit ETHUSDT+0.0100%8h2,742.8−0.038%$2.45B$4.17B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,743.3−0.020%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,744.7+0.032%$2.8M$16.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,746.6+0.100%$165.7M$303.2M25xas long as short
Gate ETH_USDT+0.0100%8h2,743−0.032%$3.39B$8.77B200xas long as short
Bitget ETHUSDT+0.0100%8h2,742.9−0.036%$2.08B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,742.5−0.048%$15.0M$39.4M50xas long as short
Variational Omni ETH+0.0100%8h2,746.6+0.101%$133.5M$325.8Mas long as short
edgeX ETHUSDC+0.0100%4h2,745.6+0.063%$182.5M$673.8M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,746.7+0.103%$159.7M$83.5M50xas long as short
StandX ETH-USD+0.0100%1h2,745.8+0.071%$21.2M$67.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,745.4+0.056%$815K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,745.5+0.061%$11.0M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,744.9+0.039%$41.5M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,743.2−0.024%$962K$11.5M100xas long as short
HTX ETH-USDT+0.0100%8h2,743−0.032%$1.06B$1.17B200xas long as short
Phemex ETHUSDT+0.0100%8h2,743−0.029%$266.6M$64.9M150xas long as short
Extended ETH-USD+0.0104%1h2,742.1−0.064%$30.7M$72.0M50xas long as short
Aftermath Perps ETHUSD+0.0130%1h2,745.7+0.066%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0159%8h2,744.5+0.024%$7.8M$670.3M4.9xas long as short
Deribit ETH-PERPETUAL+0.0166%1h2,744.6+0.026%$259.8M$195.6M50xas long as short
Orderly PERP_ETH_USDC+0.0194%8h2,745.4+0.057%$32.3M$11.4M100xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,743.9+0.003%$86.6M$310.2M100xas long as short
Reya ETHRUSDPERPshort+0.0228%1h2,743.9+0.002%$7.3M$1.2M25x
BloFin ETH-USDT+0.0246%8h2,743−0.030%$285.6M$180.9M150xas long as short
Hibachi ETH/USDT-P+0.0256%1h2,745.6+0.063%$252K$1.4M20xas long as short
Bluefin ETH-PERP+0.0439%1h2,744+0.005%$21K$20K25xas long as short