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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0133%/8h= −14.5% APRnext payment $0.17 per $10,000 · paid last 24h −0.042%
Price spread now: Jupiter Perps against RISEx−0.024%45s7-day average −0.003% · 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)−0.149%−$15 on $10k
Price spread, last 3 days (all we have)−0.006%−$1 · spread now −0.024%, 7d avg −0.003%
Together, before fees−0.155%−$15 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Jupiter Perps is 0.021% cheaper against RISEx than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.003%). Swap the legs. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx ETH/USDC2,746.60.0077pay 0.0010% / 1h58m 34s$5.7M$11.2M25x
ShortJupiter Perps ETH-PERP2,745.9L +0.0096% / S +0.0056%pay 0.0007% / 1h58m 34s$31.0M500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Jupiter Perps against RISEx. 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
−$27.87
Price spread: −0.024% → −0.003%
−$2.09
Slippage, 4 orders
no order book: not counted
Fee RISEx: 3 bp × 2 orders
−$6
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Net
−$47.97
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: RISEx: live order book, 6 min ago; Jupiter Perps: 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 RISEx live order book, 6 min ago0.02 bp5.0 bp −$56.4 bp −$64295.7 bp −$29.6Kdoesn'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 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%43m2,747.1+0.018%$306K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,747.8+0.044%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,747.5+0.033%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,747.2+0.024%$12.1M200xas long as short
Phoenix ETH−0.0006%1h2,748.4+0.066%$847K$2.8M25xas long as short
dYdX ETH-USD0.0000%1h2,747.1+0.018%$10.8M$41.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,747.3+0.026%$22.2M200xas long as short
01 Exchange ETHUSD+0.0040%1h2,746.60.000%$183K$981K50xas long as short
BingX ETH-USDT+0.0042%8h2,745.8−0.030%$1.15Bas long as short
OKX ETH-USDT-SWAP+0.0054%8h2,745−0.058%$1.70B$10.61B100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0066%8h2,746.60.000%$369.0M$600.1M100xas long as short
Aster ETHUSDT+0.0074%8h2,746.60.000%$252.6M$842.0M200xas long as short
RISEx ETH/USDClong+0.0077%1h2,746.6long leg$5.7M$11.2M25x
Aevo ETH-PERP+0.0080%1h2,744.9−0.063%$4.9M$159K20xas long as short
MEXC ETH_USDT+0.0083%8h2,745.8−0.030%$1.57B$2.50B500xas long as short
Binance ETHUSDT+0.0083%8h2,746.1−0.019%$6.39B$15.76B150xas long as short
HTX ETH-USDT+0.0085%8h2,746.8+0.008%$1.06B$1.18B200xas long as short
ApeX Omni ETHUSDT+0.0089%1h2,746.6−0.002%$8.7M$31.2M100xas long as short
Bullet ETH-USD+0.0094%1h2,746.8+0.008%$182K$1.7M20xas long as short
Lighter ETH+0.0096%1h2,746.4−0.009%$113.0M$430.1M50xas long as short
Lighter RH ETH+0.0096%1h2,747.7+0.041%$24.7M$103.0M50xas long as short
Jupiter Perps ETH-PERPshortL +0.0096% / S +0.0056%1h2,745.9−0.024%$31.0M500x
Coinbase International ETH-PERP-INTX+0.0096%1h2,748.2+0.057%$58.6M$4.28B50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,750+0.124%$16.2M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,746.2−0.014%$483K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,747.1+0.018%$13.9M$107.0M50xas long as short
Hyperliquid ETH+0.0100%1h2,748.9+0.084%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,746.7+0.004%$31.6M$334.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,746.2−0.014%$2.47B$4.19B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,745.6−0.036%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,746.60.000%$2.7M$16.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,746.2−0.015%$3.39B$8.63B200xas long as short
Bitget ETHUSDT+0.0100%8h2,745.9−0.025%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,746.5−0.005%$15.0M$41.2M50xas long as short
Variational Omni ETH+0.0100%8h2,746.60.000%$133.0M$342.9Mas long as short
edgeX ETHUSDC+0.0100%4h2,746.8+0.009%$181.9M$701.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,748.5+0.068%$159.8M$81.7M50xas long as short
StandX ETH-USD+0.0100%1h2,747.2+0.022%$21.2M$69.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,748+0.052%$819K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,747.8+0.044%$10.7M$8.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,747.7+0.041%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,748.9+0.085%$41.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,746.5−0.005%$963K$12.0M100xas long as short
SoDEX ETH-USD+0.0100%1h2,747+0.015%$54.7M$187.5M40xas long as short
Phemex ETHUSDT+0.0100%8h2,747.3+0.026%$267.5M$65.6M150xas long as short
Bulk ETH-USD+0.0100%1h2,746.2−0.013%$164.3M$302.6M25xas long as short
Extended ETH-USD+0.0104%1h2,745.1−0.054%$30.6M$72.6M50xas long as short
Aftermath Perps ETHUSD+0.0109%1h2,747.7+0.042%$30K$20K20xas long as short
Deribit ETH-PERPETUAL+0.0110%1h2,748.3+0.063%$258.9M$195.8M50xas long as short
Kalshi KXETHPERP+0.0149%8h2,747.8+0.044%$7.9M$670.7M4.9xas long as short
Orderly PERP_ETH_USDC+0.0182%8h2,749.6+0.111%$32.3M$11.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,747.9+0.048%$88.1M$309.6M100xas long as short
Reya ETHRUSDPERP+0.0223%1h2,746.6+0.002%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,746.9+0.010%$250K$1.4M20xas long as short