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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 03:00 UTC+0.0047%/8h= +5.1% APRpaid last 24h +0.010%
Price spread now: Polymarket Perps against BingX+0.058%7-day average — · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$200.198% of the position
Long on BingXShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days+0.087%+$9 on $10k
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Polymarket Perps is 0.058% dearer against BingX than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ETH-USDT2,744.50.0053pay 0.0053% / 8h5h 20m—$1.15B—
ShortPolymarket Perps ETH-USD2,746.10.0100get 0.0013% / 1h20m 11s$11.0M$8.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against BingX. 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

Funding earned
$9.87
Price spread: +0.058% → 0.000%
$5.79
Slippage, 4 orders
−$1.75
Fee BingX: 5 bp × 2 orders
−$10
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$4.09
Costs to cover
0.198%
Break-even
9.9 days
Slippage from BingX: live order book, 9 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
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 9 min ago0.04 bp5.4 bp −$55.4 bp −$545.8 bp −$5836.2 bp −$3,115
Sell Polymarket Perps live order book, 4 min ago0.18 bp4.5 bp −$44.5 bp −$4511.9 bp −$1,192doesn't fit

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff ETH-PERP−0.0080%1h2,746.5+0.073%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,742.7−0.066%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,745.2+0.023%$12.1M—200xas long as short
dYdX ETH-USD0.0000%1h2,747.5+0.107%$10.8M$41.7M50xas long as short
Perpl ETH0.0000%43m2,746.2+0.060%$305K$5.6M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,745.2+0.024%$25.1M—200xas long as short
Phoenix ETH+0.0017%1h2,742.3−0.081%$847K$2.9M25xas long as short
01 Exchange ETHUSD+0.0032%1h2,746+0.054%$182K$863K50xas long as short
ApeX Omni ETHUSDT+0.0041%1h2,744−0.017%$8.8M$30.8M100xas long as short
BingX ETH-USDTlong+0.0053%8h2,744.5long leg—$1.15B—
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0066%8h2,744−0.017%$1.70B$10.55B100xas long as short
KuCoin ETHUSDTM+0.0069%8h2,744.50.000%$381.7M$576.2M100xas long as short
Bullet ETH-USD+0.0074%1h2,744.6+0.004%$183K$1.7M20xas long as short
RISEx ETH/USDC+0.0077%1h2,745.6+0.039%$5.6M$11.4M25xas long as short
Aster ETHUSDT+0.0089%8h2,745+0.018%$253.3M$841.1M200xas long as short
MEXC ETH_USDT+0.0095%8h2,744−0.017%$1.56B$2.55B500xas long as short
SoDEX ETH-USD+0.0096%1h2,744.2−0.011%$54.7M$187.6M40xas long as short
Lighter ETH+0.0096%1h2,744.50.000%$112.9M$435.2M50xas long as short
Lighter RH ETH+0.0096%1h2,745.8+0.047%$24.6M$104.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,746.7+0.080%—$30.5M500xas long as short
Aevo ETH-PERP+0.0096%1h2,742.3−0.081%$4.9M$154K20xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,745.9+0.051%$58.2M$4.25B50xas long as short
Binance ETHUSDT+0.0097%8h2,744.4−0.006%$6.38B$15.66B150xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,750.7+0.227%$16.0M$7.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,745.3+0.029%$469K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,745+0.018%$13.9M$105.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,746.8+0.083%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,746.4+0.069%$31.7M$334.4M50xas long as short
Bybit ETHUSDT+0.0100%8h2,744.5−0.001%$2.45B$4.17B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,745.3+0.029%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,746+0.054%$2.7M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,742.3−0.080%$165.2M$299.1M25xas long as short
Gate ETH_USDT+0.0100%8h2,744.8+0.009%$3.39B$8.75B200xas long as short
Bitget ETHUSDT+0.0100%8h2,744.6+0.003%$2.08B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,744−0.019%$15.0M$39.8M50xas long as short
Variational Omni ETH+0.0100%8h2,745.8+0.047%$133.3M$326.5M—as long as short
edgeX ETHUSDC+0.0100%4h2,741−0.128%$182.2M$672.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,744.9+0.013%$159.6M$83.9M50xas long as short
StandX ETH-USD+0.0100%1h2,747.9+0.124%$21.2M$67.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,746.1+0.058%—$815K50xas long as short
Polymarket Perps ETH-USDshort+0.0100%1h2,746.1+0.058%$11.0M$8.8M50x
Derive ETH-PERP+0.0100%1h2,746.2+0.061%$41.5M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,745.3+0.027%$963K$11.5M100xas long as short
HTX ETH-USDT+0.0100%8h2,744.6+0.004%$1.06B$1.18B200xas long as short
Phemex ETHUSDT+0.0100%8h2,744.3−0.007%$266.8M$64.8M150xas long as short
Extended ETH-USD+0.0104%1h2,743.5−0.035%$30.6M$72.0M50xas long as short
Aftermath Perps ETHUSD+0.0126%1h2,745+0.017%$30K$20K20xas long as short
Deribit ETH-PERPETUAL+0.0154%1h2,745.9+0.052%$259.8M$196.4M50xas long as short
Kalshi KXETHPERP+0.0160%8h2,746.1+0.058%$7.8M$669.8M4.9xas long as short
Orderly PERP_ETH_USDC+0.0193%8h2,746.7+0.080%$32.3M$11.4M100xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,745.2+0.025%$86.7M$310.2M100xas long as short
Reya ETHRUSDPERP+0.0228%1h2,744.3−0.008%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,747.4+0.106%$252K$1.4M20xas long as short
BloFin ETH-USDT+0.0326%8h2,745.7+0.044%$285.1M$181.1M150xas long as short
Bluefin ETH-PERP+0.0348%1h2,772.8+1.030%$21K$20K25xas long as short