Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0219%/8h= −23.9% APRpaid last 24h −0.028%

Price spread now: Polymarket Perps against Bitget−0.064%50s7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$380.375% of the position

Long on Bitget Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.414%−$41 on $10k

Price spread, last 7 days+0.076%+$8 · spread now −0.064%, 7d avg +0.006%

Together, before fees−0.338%−$34 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Polymarket Perps is 0.069% cheaper against Bitget than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.006%). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ARBUSDT	0.2196	0.0061	pay 0.0061% / 8h	4h 04m	$20.8M	$34.3M	50x
Short	Polymarket Perps ARB-USD	0.2195	−0.0158	pay 0.0020% / 1h	4m 39s	$86K	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bitget. 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

Position, each leg$Hold fordaysFee BitgetbpFee Polymarket PerpsbpOrdersPrice spread, now −0.064%Rate

Funding earned: −$45.89
Price spread: −0.064% → +0.006%: −$6.94
Slippage, 4 orders: −$17.54
Fee Bitget: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$90.38
Costs to cover: 0.375%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Polymarket Perps: live order book, 4 min ago.

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 Bitget live order book, 4 min ago	2.27 bp	12.1 bp −$12	19.7 bp −$197	117.5 bp −$11.7K	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	2.05 bp	6.0 bp −$6	7.4 bp −$74	doesn't fit	doesn't fit

ARB on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ARB/USDC PERP	−0.1649%	1h	0.2186	−0.455%	$39K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0168%	1h	0.2197	+0.032%	$7K	$2K	10x	as long as short
Polymarket Perps ARB-USDshort	−0.0158%	1h	0.2195	−0.064%	$86K	$2.2M	10x
OKX ARB-USDT-SWAP	−0.0117%	8h	0.2197	+0.055%	$22.1M	$145.1M	50x	as long as short
MEXC ARB_USDT	−0.0117%	8h	0.2196	+0.018%	$41.5M	$60.9M	200x	as long as short
Variational Omni ARB	−0.0096%	8h	0.2192	−0.202%	$1.8M	$2.9M	—	as long as short
Orderly PERP_ARB_USDC	−0.0075%	8h	0.2196	0.000%	$12K	$400K	10x	as long as short
Gate ARB_USDT	−0.0051%	8h	0.2197	+0.046%	$5.3M	$18.8M	60x	as long as short
Bybit ARBUSDT	−0.0034%	8h	0.2196	−0.005%	$55.3M	$125.2M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0006%	1h	0.2197	+0.032%	$1.1M	$4.4M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2197	+0.029%	$65K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2197	+0.050%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2196	+0.018%	$32K	—	150x	as long as short
Binance ARBUSDT	+0.0018%	8h	0.2198	+0.073%	$63.9M	$301.9M	75x	as long as short
Extended ARB-USD	+0.0024%	1h	0.2196	+0.009%	$348K	$2.5M	25x	as long as short
SoDEX ARB-USD	+0.0028%	1h	0.2196	−0.018%	$10K	$2.3M	5x	as long as short
Bitget ARBUSDTlong	+0.0061%	8h	0.2196	long leg	$20.8M	$34.3M	50x
BingX ARB-USDC	+0.0063%	8h	0.2196	−0.018%	—	$6.5M	—	as long as short
BloFin ARB-USDT	+0.0081%	8h	0.2195	−0.032%	$3.1M	$2.6M	75x	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2197	+0.033%	$139K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2196	0.000%	$1.2M	$5.8M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2197	+0.023%	$37.7M	$48.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2198	+0.091%	$633K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2196	+0.014%	$42K	$168K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2197	+0.050%	$19.5M	$14.8M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2195	−0.059%	$38K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2195	−0.046%	$466K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2194	−0.091%	$118K	$284K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2198	+0.091%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2197	+0.041%	$298K	$909K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2197	+0.046%	$5.0M	$12.9M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2198	+0.091%	$487K	$1.9M	50x	as long as short
RISEx ARB/USDC	+0.0225%	1h	0.2198	+0.091%	$464K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2197	+0.034%	$829K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2194	−0.073%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0607%	1h	0.2199	+0.141%	$990K	$2.8M	20x	as long as short