Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h +0.014%

Price spread now: Binance against Polymarket Perps−0.042%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs+$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$310.311% of the position

Long on Polymarket Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.387%+$39 on $10k

Price spread, last 7 days+0.042%+$4 · spread now −0.042%, 7d avg +0.024%

Together, before fees+0.429%+$43 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.066% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.042% now, against its 7-day average of +0.024%). If the spread goes back, that is −$7 on $10k: about 3.0 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.387% in total) that is about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ARB-USD	0.2222	−0.0087	get 0.0011% / 1h	50m 25s	$76K	$2.2M	10x
Short	Binance ARBUSDT	0.2221	−0.0015	pay 0.0015% / 8h	1h 50m	$63.3M	$323.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Polymarket Perps. 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 Polymarket PerpsbpFee BinancebpOrdersPrice spread, now −0.042%Rate

Funding earned: $15.08
Price spread: −0.042% → +0.024%: −$6.56
Slippage, 4 orders: −$13.07
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$22.54
Costs to cover: 0.311%
Break-even: 17.5 days

Slippage from Polymarket Perps: live order book, 3 min ago; Binance: live order book, 8 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 Polymarket Perps live order book, 3 min ago	2.02 bp	6.5 bp −$6	9.9 bp −$99	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	0.45 bp	8.6 bp −$9	23.3 bp −$233	77.5 bp −$7,751	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	−0.1770%	1h	0.2211	−0.513%	$40K	$283K	12x	as long as short
01 Exchange ARBUSD	−0.0240%	1h	0.2222	−0.009%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0164%	1h	0.2221	−0.040%	$4K	$2.9M	5x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0155%	1h	0.2222	−0.027%	$25K	$32K	25x	as long as short
Variational Omni ARB	−0.0154%	8h	0.2222	−0.029%	$1.9M	$2.8M	—	as long as short
Bybit ARBUSDT	−0.0133%	8h	0.2220	−0.108%	$57.1M	$136.1M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0110%	8h	0.2220	−0.085%	$22.2M	$162.6M	50x	as long as short
MEXC ARB_USDT	−0.0109%	8h	0.2222	−0.031%	$36.7M	$62.1M	200x	as long as short
Polymarket Perps ARB-USDlong	−0.0087%	1h	0.2222	long leg	$76K	$2.2M	10x
Orderly PERP_ARB_USDC	−0.0023%	8h	0.2221	−0.063%	$11K	$393K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ARB-USD	−0.0016%	1h	0.2220	−0.127%	$353K	$2.4M	25x	as long as short
Binance ARBUSDTshort	−0.0015%	8h	0.2221	−0.042%	$63.3M	$323.3M	75x
dYdX ARB-USD	0.0000%	1h	0.2225	+0.108%	$66K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2223	+0.011%	$55K	—	150x	as long as short
Gate ARB_USDT	+0.0013%	8h	0.2222	−0.022%	$5.5M	$20.6M	60x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2223	+0.021%	$145K	$12K	3x	as long as short
Bitget ARBUSDT	+0.0084%	8h	0.2222	−0.018%	$20.8M	$38.1M	50x	as long as short
Kraken Futures PF_ARBUSD	+0.0086%	1h	0.2224	+0.083%	$1.1M	$5.2M	50x	as long as short
BingX ARB-USDC	+0.0089%	8h	0.2221	−0.058%	—	$6.5M	—	as long as short
Lighter ARB	+0.0096%	1h	0.2225	+0.126%	$1.3M	$7.3M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2225	+0.108%	$39.7M	$52.2M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2224	+0.072%	$691K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2226	+0.165%	$44K	$200K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2225	+0.108%	$20.5M	$16.9M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2224	+0.078%	$36K	$458K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2226	+0.169%	$479K	$4.0M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2224	+0.072%	$120K	$296K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2224	+0.072%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2223	+0.027%	$274K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2224	+0.072%	$5.2M	$13.6M	50x	as long as short
BloFin ARB-USDT	+0.0106%	8h	0.2223	+0.036%	$3.0M	$3.2M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0264%	1h	0.2231	+0.387%	$506K	$2.5M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0274% / S −0.0157%	1h	0.2222	+0.004%	$831K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0291%	1h	0.2221	−0.049%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0363%	1h	0.2226	+0.150%	$491K	$2.8M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0586%	1h	0.2227	+0.189%	$1.1M	$2.7M	20x	as long as short