Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0213%/8h= +23.4% APRpaid last 24h −0.024%

Price spread now: Polymarket Perps against Bybit−0.031%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$330.332% of the position

Long on Bybit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.418%−$42 on $10k

Price spread, last 7 days+0.044%+$4 · spread now −0.031%, 7d avg +0.009%

Together, before fees−0.374%−$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.040% cheaper against Bybit than usual: you would sell low and buy high (spread −0.031% now, against its 7-day average of +0.009%). If the spread goes back, that is −$4 on $10k: about 15 hours of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.418%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARBUSDT	0.2235	−0.0214	get 0.0214% / 8h	2h 37m	$56.6M	$136.2M	50x
Short	Polymarket Perps ARB-USD	0.2234	−0.0001	pay 0.0000% / 1h	37m 55s	$77K	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bybit. 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 BybitbpFee Polymarket PerpsbpOrdersPrice spread, now −0.031%Rate

Funding earned: $44.79
Price spread: −0.031% → +0.009%: −$4
Slippage, 4 orders: −$14.16
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $7.62
Costs to cover: 0.332%
Break-even: 5.8 days

Slippage from Bybit: live order book, 1 min ago; Polymarket Perps: live order book, 6 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 Bybit live order book, 1 min ago	0.22 bp	11.3 bp −$11	24.3 bp −$243	51.0 bp −$5,102	doesn't fit
Sell Polymarket Perps live order book, 6 min ago	1.57 bp	5.6 bp −$6	7.9 bp −$79	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	−0.1675%	1h	0.2219	−0.720%	$40K	$107K	12x	as long as short
01 Exchange ARBUSD	−0.0328%	1h	0.2234	−0.054%	$7K	$2K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0287%	1h	0.2235	−0.009%	$37K	$18K	25x	as long as short
Bybit ARBUSDTlong	−0.0214%	8h	0.2235	long leg	$56.6M	$136.2M	50x
Variational Omni ARB	−0.0184%	8h	0.2232	−0.131%	$1.9M	$2.8M	—	as long as short
OKX ARB-USDT-SWAP	−0.0072%	8h	0.2235	−0.027%	$22.2M	$165.8M	50x	as long as short
MEXC ARB_USDT	−0.0069%	8h	0.2235	+0.009%	$37.6M	$63.3M	200x	as long as short
SoDEX ARB-USD	−0.0068%	1h	0.2234	−0.054%	$4K	$2.9M	5x	as long as short
Kraken Futures PF_ARBUSD	−0.0053%	1h	0.2235	−0.002%	$1.1M	$5.3M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0011%	8h	0.2235	−0.004%	$10K	$387K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps ARB-USDshort	−0.0001%	1h	0.2234	−0.031%	$77K	$2.3M	10x
dYdX ARB-USD	0.0000%	1h	0.2238	+0.120%	$66K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2236	+0.040%	$55K	—	150x	as long as short
Binance ARBUSDT	+0.0008%	8h	0.2235	0.000%	$63.6M	$326.3M	75x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2234	−0.036%	$355K	$2.5M	25x	as long as short
Gate ARB_USDT	+0.0017%	8h	0.2236	+0.022%	$5.5M	$21.5M	60x	as long as short
BloFin ARB-USDT	+0.0030%	8h	0.2235	−0.027%	$3.0M	$3.3M	75x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2235	+0.009%	$146K	$12K	3x	as long as short
BingX ARB-USDC	+0.0083%	8h	0.2234	−0.045%	—	$6.5M	—	as long as short
Bitget ARBUSDT	+0.0084%	8h	0.2234	−0.049%	$21.0M	$38.8M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2235	+0.013%	$1.3M	$7.7M	15x	as long as short
ApeX Omni ARBUSDT	+0.0097%	1h	0.2230	−0.228%	$121K	$297K	50x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2238	+0.107%	$40.1M	$53.1M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2236	+0.019%	$695K	$1.8M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2238	+0.119%	$46K	$205K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2237	+0.067%	$20.7M	$17.1M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2231	−0.184%	$38K	$448K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2231	−0.195%	$478K	$4.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2235	−0.004%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2237	+0.076%	$275K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2236	+0.040%	$5.4M	$13.8M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0168%	1h	0.2236	+0.019%	$820K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2239	+0.174%	$507K	$2.5M	50x	as long as short
Reya ARBRUSDPERP	+0.0291%	1h	0.2234	−0.041%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0542%	1h	0.2238	+0.125%	$1.1M	$2.8M	20x	as long as short
RISEx ARB/USDC	+0.0546%	1h	0.2237	+0.065%	$491K	$2.9M	10x	as long as short