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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0024%/8h= −2.6% APRnext payment $0.03 per $10,000 · paid last 24h −0.033%
Price spread now: Jupiter Perps against 01 Exchange+0.014%7-day average −0.008% · 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)−0.087%−$9 on $10k
Price spread, last 3 days (all we have)−0.040%−$4 · spread now +0.014%, 7d avg −0.008%
Together, before fees−0.128%−$13 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Jupiter Perps is 0.023% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.014% now, against its 7-day average of −0.008%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.2 days. At the pace of the last 3 days (−0.087% in total) that is about 20 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange ETHUSD2,783.8−0.0024get 0.0003% / 1h50m 37s$169K$1.2M50x
ShortJupiter Perps ETH-PERP2,784.2L +0.0104% / S +0.0048%pay 0.0006% / 1h50m 37s$41.8M500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Jupiter Perps against 01 Exchange. 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
−$5.04
Price spread: +0.014% → −0.008%
$2.27
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Net
−$21.77
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: 01 Exchange: live order book, 4 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 01 Exchange live order book, 4 min ago0.18 bp6.1 bp −$610.9 bp −$109doesn't fitdoesn'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 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%43m2,784.9+0.039%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,783.5−0.010%$5.7M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,782.5−0.047%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,785.9+0.075%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0066%1h2,786.6+0.100%$8.8M$32.8M100xas long as short
01 Exchange ETHUSDlong−0.0024%1h2,783.8long leg$169K$1.2M50x
Aftermath Perps ETHUSD−0.0006%1h2,782.5−0.047%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,784.6+0.029%$12.8M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,785+0.043%$888K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,784.4+0.021%$22.5M200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0016%8h2,783.2−0.023%$17.4Mas long as short
OKX ETH-USDT-SWAP+0.0020%8h2,783.5−0.010%$1.70B$11.92B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,784.2+0.015%$12.9M200xas long as short
Phemex ETHUSDT+0.0027%8h2,783.3−0.019%$271.2M$68.8M150xas long as short
Aster ETHUSDT+0.0039%8h2,784.3+0.020%$256.9M$1.00B200xas long as short
Aevo ETH-PERP+0.0064%1h2,783.6−0.009%$5.1M$636K20xas long as short
Bitget ETHUSDT+0.0065%8h2,783.7−0.004%$2.11B$3.11B150xas long as short
MEXC ETH_USDT+0.0066%8h2,783.6−0.008%$1.60B$2.63B500xas long as short
Binance ETHUSDT+0.0066%8h2,783.8+0.001%$6.46B$17.27B150xas long as short
Gate ETH_USDT+0.0072%8h2,784.4+0.021%$3.31B$9.59B200xas long as short
Bullet ETH-USD+0.0072%1h2,783.7−0.004%$184K$1.7M20xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,784.6+0.028%$60.3M$4.62B50xas long as short
KuCoin ETHUSDTM+0.0090%8h2,784.1+0.011%$423.5M$739.5M100xas long as short
Bybit ETHUSDT+0.0090%8h2,783.8+0.001%$2.52B$4.63B150xas long as short
HTX ETH-USDT+0.0090%8h2,783.1−0.024%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,784.6+0.027%$116.3M$495.4M50xas long as short
Lighter RH ETH+0.0096%1h2,786.1+0.082%$25.4M$120.7M50xas long as short
Vest ETH-PERP+0.0097%1h2,784.3+0.019%$1.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,783.9+0.003%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,783.5−0.011%$479K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,785.3+0.053%$14.4M$118.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,786.7+0.104%$3.20B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,784.6+0.030%$31.3M$306.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,783.7−0.004%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,785+0.042%$2.7M$17.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,784.2+0.015%$168.3M$253.1M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,783−0.027%$15.1M$44.0M50xas long as short
Variational Omni ETH+0.0100%8h2,781.4−0.086%$147.6M$336.7Mas long as short
edgeX ETHUSDC+0.0100%4h2,782.4−0.052%$182.1M$780.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,784.1+0.010%$161.9M$90.2M50xas long as short
StandX ETH-USD+0.0100%1h2,784.5+0.025%$21.5M$58.3M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,784.5+0.025%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,784.3+0.019%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,785.5+0.060%$42.9M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,782.9−0.032%$976K$13.9M100xas long as short
SoDEX ETH-USD+0.0100%1h2,783.4−0.014%$55.4M$229.0M40xas long as short
Extended ETH-USD+0.0104%1h2,783.1−0.026%$32.7M$77.7M50xas long as short
Jupiter Perps ETH-PERPshortL +0.0104% / S +0.0048%1h2,784.2+0.014%$41.8M500x
Deribit ETH-PERPETUAL+0.0116%1h2,785+0.042%$258.9M$222.8M50xas long as short
Kraken Futures PF_ETHUSD+0.0122%1h2,784.4+0.022%$86.8M$332.8M100xas long as short
Kalshi KXETHPERP+0.0124%8h2,784.8+0.036%$8.5M$682.3M4.9xas long as short
Orderly PERP_ETH_USDC+0.0136%8h2,786.2+0.085%$32.7M$12.1M100xas long as short
BloFin ETH-USDT+0.0186%8h2,783.3−0.019%$285.1M$195.1M150xas long as short
Reya ETHRUSDPERP+0.0198%1h2,783.3−0.016%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0288%1h2,785.5+0.061%$271K$1.5M20xas long as short