Spread before costs (cost unknown: a leg has no order-book sample)+0.177%
7d average−0.072%if it closes, per $10,000$18funding while held, a day−$2.48
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ETH | 2,757.2 | 0.0035 | pay 0.0004% / 1h | 29m 30s | $1.4M | $2.4M | 25x |
| Short | Jupiter Perps ETH-PERP | 2,762.1 | L +0.0096% / S +0.0048% | pay 0.0006% / 1h | 29m 30s | — | $44.7M | 500x |
Phoenix ETH
Jupiter Perps ETH-PERPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $17.72
- Funding while held
- −$2.48
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Jupiter Perps: 6 bp × 2 orders
- −$12
- Net
- −$3.77
- Spread needed to break even
- 0.190%
Slippage unknown: Phoenix: live order book, 5 min ago; Jupiter Perps: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0083%
- Per $10,000 a day
- −$2.48
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Phoenix live order book, 5 min ago | 0.18 bp | 4.0 bp −$4 | 7.5 bp −$75 | 20.6 bp −$2,060 | doesn't fit |
| Sell Jupiter Perps no order-book sample | — | — | — | — | — |
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 price on every exchange
against the cheapest. Click to use as the short leg.Bulk2,755.8cheapest
BulkPhoenix2,757.2+0.052%
Injective2,757.4+0.059%Aevo2,759.5+0.137%Aftermath Perps2,760.9+0.187%HTX2,761+0.191%SoDEX2,761.1+0.193%Phemex2,761.1+0.194%dYdX2,761.2+0.198%Variational Omni2,761.5+0.207%Hotstuff2,761.6+0.212%KuCoin2,761.7+0.214%Backpack2,761.7+0.216%Pacifica2,761.8+0.219%Lighter2,762+0.226%SunX2,762.1+0.229%
Injective
Aevo
HTX
SoDEX
Phemex
dYdX
Variational Omni
Hotstuff
KuCoin
Backpack
Pacifica
Lighter
SunXJupiter Perps2,762.1+0.229%
Nado2,762.2+0.232%Ondo Perps2,762.2+0.233%Bullet2,762.3+0.237%MEXC2,762.4+0.239%StandX2,762.5+0.244%Bluefin2,762.6+0.249%Lighter RH2,762.7+0.251%Aster2,762.8+0.253%Gate2,762.8+0.254%edgeX2,762.8+0.255%Extended2,762.8+0.256%Perpl2,762.8+0.257%Kraken Futures2,762.9+0.258%Hibachi2,762.9+0.258%BingX2,763.1+0.265%OKX2,763.2+0.269%Deribit2,763.3+0.273%GMX2,763.4+0.276%Coinbase International2,763.5+0.280%Binance2,763.6+0.284%Kalshi2,763.6+0.284%gTrade (Gains Network)2,763.7+0.287%Katana Perps2,763.7+0.288%RISEx2,763.8+0.292%Arcus2,763.8+0.292%Orderly2,763.9+0.293%Vest2,763.9+0.296%Hyperliquid2,764+0.299%BloFin2,764.1+0.302%Bybit2,764.1+0.303%Derive2,764.5+0.318%Bitget2,764.8+0.328%Polymarket Perps2,764.9+0.331%Reya2,765.1+0.339%01 Exchange2,765.4+0.349%ApeX Omni2,765.5+0.354%Paradex2,765.9+0.369%
Nado
Ondo Perps
Bullet
MEXC
StandX
Bluefin
Lighter RH
Aster
Gate
Extended
Perpl
Kraken Futures
Hibachi
BingX
OKX
Deribit
GMX
Coinbase International
Binance
gTrade (Gains Network)
Katana Perps
RISEx
Arcus
Orderly
Vest
Hyperliquid
BloFin
Bybit
Derive
Bitget
Polymarket Perps
Reya
ApeX Omni
ParadexETH on 54 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bulk ETH-USD | −0.052% | +0.0063% | 1h | $157.8M | $272.8M | 25x | as long as short |
| Phoenix ETHlong | 0.000% | +0.0035% | 1h | $1.4M | $2.4M | 25x | |
| Injective ETH/USDC PERP | +0.007% | −0.0054% | 1h | $118K | $22.5M | 52x | as long as short |
| Aevo ETH-PERP | +0.085% | +0.0080% | 1h | $5.0M | $723K | 20x | as long as short |
| Aftermath Perps ETHUSD | +0.135% | +0.0280% | 1h | $29K | $27K | 20x | as long as short |
| HTX ETH-USDT | +0.139% | +0.0058% | 8h | $1.09B | $1.20B | 200x | as long as short |
| SoDEX ETH-USD | +0.141% | +0.0027% | 1h | $55.7M | $161.9M | 40x | as long as short |
| Phemex ETHUSDT | +0.142% | −0.0045% | 8h | $266.2M | $66.8M | 150x | as long as short |
| dYdX ETH-USD | +0.146% | 0.0000% | 1h | $16.6M | $34.0M | 50x | as long as short |
| Variational Omni ETH | +0.155% | +0.0100% | 8h | $145.4M | $312.0M | — | as long as short |
Show all 54 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Hotstuff ETH-PERP | +0.160% | −0.0080% | 1h | $5K | $2K | 50x | as long as short |
| KuCoin ETHUSDTM | +0.162% | +0.0100% | 8h | $409.9M | $688.3M | 100x | as long as short |
| Backpack ETH_USDC_PERP | +0.164% | +0.0100% | 1h | $15.3M | $39.5M | 50x | as long as short |
| Pacifica ETH | +0.167% | +0.0100% | 1h | $31.3M | $221.5M | 50x | as long as short |
| Lighter ETH | +0.174% | +0.0096% | 1h | $116.9M | $497.6M | 50x | as long as short |
| SunX ETH-USDT | +0.177% | +0.0083% | 8h | $952K | $14.6M | 100x | as long as short |
| Jupiter Perps ETH-PERPshort | +0.177% | L +0.0096% / S +0.0048% | 1h | — | $44.7M | 500x | |
| Nado ETH-PERP | +0.180% | +0.0100% | 1h | $17.8M | $111.8M | 50x | as long as short |
| Ondo Perps ETH-USD.P | +0.181% | +0.0100% | 1h | $3.0M | $14.9M | 25x | as long as short |
| Bullet ETH-USD | +0.185% | +0.0100% | 1h | $199K | $1.9M | 20x | as long as short |
| MEXC ETH_USDT | +0.187% | +0.0077% | 8h | $1.52B | $2.46B | 500x | as long as short |
| StandX ETH-USD | +0.192% | +0.0100% | 1h | $21.2M | $51.0M | 40x | as long as short |
| Bluefin ETH-PERP | +0.197% | +0.3188% | 1h | $21K | $26K | 25x | as long as short |
| Lighter RH ETH | +0.199% | +0.0096% | 1h | $25.3M | $117.6M | 50x | as long as short |
| Aster ETHUSDT | +0.201% | +0.0100% | 8h | $273.8M | $886.1M | 200x | as long as short |
| Gate ETH_USDT | +0.202% | +0.0100% | 8h | $3.47B | $8.87B | 200x | as long as short |
| edgeX ETHUSDC | +0.203% | +0.0100% | 4h | $179.1M | $765.5M | 100x | as long as short |
| Extended ETH-USD | +0.204% | +0.0104% | 1h | $31.7M | $78.6M | 50x | as long as short |
| Perpl ETH | +0.205% | −0.0447% | 43m | $422K | $6.2M | 8.3x | as long as short |
| Kraken Futures PF_ETHUSD | +0.206% | +0.0262% | 1h | $86.9M | $314.7M | 100x | as long as short |
| Hibachi ETH/USDT-P | +0.206% | +0.0096% | 1h | $291K | $1.3M | 20x | as long as short |
| BingX ETH-USDC | +0.213% | +0.0100% | 8h | — | $16.9M | — | as long as short |
| OKX ETH-USDT-SWAP | +0.217% | +0.0013% | 8h | $1.72B | $11.28B | 100x | as long as short |
| Deribit ETH-PERPETUAL | +0.221% | +0.0108% | 1h | $260.8M | $214.1M | 50x | as long as short |
| GMX ETH/USD [ETH-USDC] | +0.224% | L −0.0013% / S +0.0045% | 1h | $11.8M | — | 200x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.228% | +0.0120% | 1h | $60.4M | $4.75B | 50x | as long as short |
| Binance ETHUSDT | +0.232% | +0.0078% | 8h | $6.58B | $15.93B | 150x | as long as short |
| Kalshi KXETHPERP | +0.232% | +0.0129% | 8h | $10.2M | $560.6M | 4.9x | as long as short |
| gTrade (Gains Network) ETH/USD | +0.235% | L +0.0006% / S −0.0006% | 1h | $22.4M | — | 200x | as long as short |
| Katana Perps ETH-USD | +0.236% | +0.0100% | 8h | $472K | $2.2M | 50x | as long as short |
| RISEx ETH/USDC | +0.240% | +0.0122% | 1h | $5.8M | $13.1M | 25x | as long as short |
| Arcus ETH-USD | +0.240% | +0.0100% | 1h | $2.7M | $16.1M | 25x | as long as short |
| Orderly PERP_ETH_USDC | +0.241% | +0.0191% | 8h | $32.4M | $10.9M | 100x | as long as short |
| Vest ETH-PERP | +0.244% | +0.0100% | 1h | — | $1.1M | 50x | as long as short |
| Hyperliquid ETH | +0.247% | +0.0489% | 1h | $3.31B | $2.17B | 25x | as long as short |
| BloFin ETH-USDT | +0.250% | +0.0198% | 8h | $292.4M | $176.9M | 150x | as long as short |
| Bybit ETHUSDT | +0.251% | +0.0100% | 8h | $2.53B | $4.46B | 150x | as long as short |
| Derive ETH-PERP | +0.266% | +0.0145% | 1h | $42.8M | $27.7M | 15x | as long as short |
| Bitget ETHUSDT | +0.276% | +0.0078% | 8h | $2.11B | $3.16B | 150x | as long as short |
| Polymarket Perps ETH-USD | +0.279% | +0.0100% | 1h | $10.8M | $5.5M | 50x | as long as short |
| Reya ETHRUSDPERP | +0.287% | +0.0172% | 1h | $7.4M | $964K | 25x | as long as short |
| 01 Exchange ETHUSD | +0.297% | +0.0056% | 1h | $181K | $1.2M | 50x | as long as short |
| ApeX Omni ETHUSDT | +0.302% | +0.0087% | 1h | $8.0M | $27.9M | 100x | as long as short |
| Paradex ETH-USD-PERP | +0.317% | +0.0100% | 8h | $15.0M | $11.7M | 50x | as long as short |