Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0195%/8h= +21.4% APRpaid last 24h +0.027%

Price spread now: Bitget against Polymarket Perps−0.067%7-day average −0.005% · 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−$41as in the Price arb table

costs, in and out, $10k−$350.352% of the position

Long on Polymarket Perps Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.427%+$43 on $10k

Price spread, last 7 days+0.062%+$6 · spread now −0.067%, 7d avg −0.005%

Together, before fees+0.489%+$49 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.062% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.067% now, against its 7-day average of −0.005%). If the spread goes back, that is −$6 on $10k: about 25 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ARB-USD	0.2240	−0.0124	get 0.0016% / 1h	21m 03s	$72K	$2.0M	10x
Short	Bitget ARBUSDT	0.2238	0.0071	get 0.0071% / 8h	1h 21m	$21.0M	$37.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.067%Rate

Funding earned: $41
Price spread: −0.067% → −0.005%: −$6.21
Slippage, 4 orders: −$15.22
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$0.43
Costs to cover: 0.352%
Break-even: 7.1 days

Slippage from Polymarket Perps: live order book, 3 min ago; Bitget: live order book, 3 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	2.24 bp	6.2 bp −$6	8.9 bp −$89	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	2.24 bp	11.0 bp −$11	18.7 bp −$187	130.3 bp −$13.0K	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	0.2230	−0.424%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0232%	1h	0.2240	+0.045%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0193%	1h	0.2239	−0.004%	$4K	$2.8M	5x	as long as short
Variational Omni ARB	−0.0164%	8h	0.2235	−0.189%	$1.9M	$2.8M	—	as long as short
Bybit ARBUSDT	−0.0146%	8h	0.2239	−0.031%	$57.9M	$133.4M	50x	as long as short
Polymarket Perps ARB-USDlong	−0.0124%	1h	0.2240	long leg	$72K	$2.0M	10x
Deribit ARB_USDC-PERPETUAL	−0.0107%	1h	0.2240	+0.031%	$26K	$32K	25x	as long as short
OKX ARB-USDT-SWAP	−0.0103%	8h	0.2239	−0.004%	$22.5M	$161.1M	50x	as long as short
MEXC ARB_USDT	−0.0102%	8h	0.2240	0.000%	$37.3M	$62.6M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0036%	8h	0.2239	−0.022%	$10K	$394K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ARBUSDT	−0.0009%	8h	0.2240	+0.004%	$64.0M	$317.3M	75x	as long as short
Extended ARB-USD	−0.0008%	1h	0.2238	−0.054%	$356K	$2.4M	25x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2243	+0.142%	$66K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2241	+0.048%	$56K	—	150x	as long as short
Gate ARB_USDT	+0.0031%	8h	0.2240	0.000%	$5.5M	$20.7M	60x	as long as short
Bitget ARBUSDTshort	+0.0071%	8h	0.2238	−0.067%	$21.0M	$37.3M	50x
BingX ARB-USDT	+0.0073%	8h	0.2239	−0.031%	—	$53.2M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2241	+0.046%	$146K	$12K	3x	as long as short
Kraken Futures PF_ARBUSD	+0.0085%	1h	0.2242	+0.129%	$1.1M	$5.1M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2241	+0.080%	$1.3M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2242	+0.112%	$40.1M	$50.6M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2240	+0.008%	$696K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2242	+0.121%	$45K	$193K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2241	+0.049%	$20.7M	$16.5M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2235	−0.211%	$40K	$461K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2235	−0.201%	$485K	$3.9M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2235	−0.201%	$121K	$294K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2243	+0.156%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2240	+0.022%	$276K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2239	−0.022%	$5.2M	$13.4M	50x	as long as short
BloFin ARB-USDT	+0.0111%	8h	0.2241	+0.054%	$3.0M	$3.3M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0264%	1h	0.2242	+0.112%	$506K	$2.3M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0274% / S −0.0156%	1h	0.2241	+0.055%	$840K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2238	−0.052%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0363%	1h	0.2243	+0.136%	$496K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0629%	1h	0.2243	+0.147%	$1.1M	$2.7M	20x	as long as short