Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0140%/8h= −15.3% APRpaid last 24h +0.009%

Price spread now: Polymarket Perps against MEXC+0.041%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$150.148% of the position

Long on MEXC Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.300%−$30 on $10k

Price spread, last 7 days−0.108%−$11 · spread now +0.041%, 7d avg −0.008%

Together, before fees−0.408%−$41 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.048% dearer against MEXC than usual: you sell high and buy low (spread +0.041% now, against its 7-day average of −0.008%): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ARB_USDT	0.2211	−0.0082	get 0.0082% / 8h	1h 36m	$42.2M	$61.7M	200x
Short	Polymarket Perps ARB-USD	0.2212	−0.0222	pay 0.0028% / 1h	36m 56s	$67K	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against MEXC. 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 MEXCbpFee Polymarket PerpsbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$29.43
Price spread: +0.041% → −0.008%: $4.84
Slippage, 4 orders: −$6.77
Fee MEXC: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$39.36
Costs to cover: 0.148%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Polymarket Perps: live order book, 2 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 MEXC live order book, 2 min ago	0.23 bp	0.6 bp −$1	18.3 bp −$183	41.2 bp −$4,115	68.0 bp −$34.0K
Sell Polymarket Perps live order book, 2 min ago	2.49 bp	6.5 bp −$6	8.6 bp −$86	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	−0.1592%	1h	0.2202	−0.412%	$40K	$372K	12x	as long as short
Polymarket Perps ARB-USDshort	−0.0222%	1h	0.2212	+0.041%	$67K	$2.1M	10x
SoDEX ARB-USD	−0.0104%	1h	0.2212	+0.041%	$9K	$2.2M	5x	as long as short
OKX ARB-USDT-SWAP	−0.0082%	8h	0.2211	−0.014%	$22.2M	$146.6M	50x	as long as short
MEXC ARB_USDTlong	−0.0082%	8h	0.2211	long leg	$42.2M	$61.7M	200x
01 Exchange ARBUSD	−0.0080%	1h	0.2211	+0.005%	$7K	$236	10x	as long as short
Variational Omni ARB	−0.0064%	8h	0.2212	+0.057%	$1.8M	$3.0M	—	as long as short
Orderly PERP_ARB_USDC	−0.0044%	8h	0.2212	+0.041%	$13K	$407K	10x	as long as short
Bybit ARBUSDT	−0.0020%	8h	0.2211	+0.009%	$54.3M	$126.5M	50x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2212	+0.055%	$65K	$5K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2213	+0.068%	$28K	$38K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2212	+0.062%	$44K	—	150x	as long as short
Gate ARB_USDT	+0.0046%	8h	0.2211	0.000%	$5.4M	$18.3M	60x	as long as short
RISEx ARB/USDC	+0.0056%	1h	0.2212	+0.035%	$463K	$2.6M	10x	as long as short
Bitget ARBUSDT	+0.0057%	8h	0.2211	−0.005%	$21.2M	$34.8M	50x	as long as short
Extended ARB-USD	+0.0088%	1h	0.2211	−0.003%	$352K	$2.8M	25x	as long as short
Binance ARBUSDT	+0.0089%	8h	0.2212	+0.040%	$63.2M	$301.9M	75x	as long as short
BingX ARB-USDT	+0.0092%	8h	0.2212	+0.023%	—	$53.0M	—	as long as short
Lighter ARB	+0.0096%	1h	0.2212	+0.027%	$1.3M	$5.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2214	+0.131%	$37.5M	$49.3M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2214	+0.133%	$635K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2213	+0.077%	$43K	$149K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2212	+0.027%	$19.7M	$14.3M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2212	+0.021%	$39K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2215	+0.177%	$481K	$3.7M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2214	+0.131%	$119K	$282K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2213	+0.086%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2212	+0.050%	$296K	$872K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2212	+0.041%	$5.0M	$12.8M	50x	as long as short
Aevo ARB-PERP	+0.0104%	1h	0.2213	+0.077%	$140K	$7K	3x	as long as short
BloFin ARB-USDT	+0.0209%	8h	0.2212	+0.018%	$3.0M	$2.3M	75x	as long as short
Kraken Futures PF_ARBUSD	+0.0230%	1h	0.2213	+0.094%	$1.1M	$4.5M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2213	+0.096%	$835K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2221	+0.439%	$520K	$1.6M	50x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2212	+0.031%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0634%	1h	0.2215	+0.194%	$993K	$2.8M	20x	as long as short