Settings8H · net · $10k
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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 02:00 UTC−0.0073%/8h= −8.0% APRnext payment −$0.09 per $10,000 · paid last 24h 0.000%
Price spread now: Polymarket Perps against Deribit−0.101%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$170.169% of the position
Long on DeribitShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days+0.047%+$5 on $10k
Price spread, last 3 days (all we have)+0.086%+$9 · spread now −0.101%, 7d avg −0.029%
Together, before fees+0.133%+$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Polymarket Perps is 0.072% cheaper against Deribit than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.029%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit ETH-PERPETUAL2,742.10.0173pay 0.0022% / 1h55m 14s$258.8M$202.2M50x
ShortPolymarket Perps ETH-USD2,739.30.0100get 0.0013% / 1h55m 14s$10.3M$8.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Deribit. 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
−$15.33
Price spread: −0.101% → −0.029%
−$7.22
Slippage, 4 orders
−$1.92
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$39.47
Costs to cover
0.169%
Break-even
never at this rate
Slippage from Deribit: live order book, 4 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 Deribit live order book, 4 min ago0.18 bp3.8 bp −$45.1 bp −$5111.9 bp −$1,19123.5 bp −$11.8K
Sell Polymarket Perps live order book, 4 min ago0.73 bp4.7 bp −$55.9 bp −$5911.2 bp −$1,122doesn'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
ApeX Omni ETHUSDT−0.0865%1h2,751.3+0.337%$8.8M$31.4M100xas long as short
Perpl ETH−0.0447%43m2,740.9−0.042%$323K$6.2M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,742.7+0.023%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,740.2−0.068%$5.5M$11.3M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,739.7−0.086%$11.9M—200xas long as short
Phoenix ETH−0.0003%1h2,756.1+0.512%$862K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,740.6−0.055%$10.9M$41.6M50xas long as short
01 Exchange ETHUSD0.0000%1h2,740.6−0.054%$180K$1.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,740.1−0.070%$22.1M—200xas long as short
BingX ETH-USDC+0.0027%8h2,739.4−0.098%—$17.3M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0034%8h2,741.1−0.034%$1.67B$11.01B100xas long as short
HTX ETH-USDT+0.0037%8h2,740.7−0.049%$1.06B$1.23B200xas long as short
Aster ETHUSDT+0.0042%8h2,740.7−0.051%$256.7M$855.9M200xas long as short
MEXC ETH_USDT+0.0054%8h2,741.5−0.022%$1.57B$2.52B500xas long as short
Binance ETHUSDT+0.0054%8h2,741.1−0.034%$6.35B$16.29B150xas long as short
Aevo ETH-PERP+0.0056%1h2,741.4−0.025%$4.9M$166K20xas long as short
Gate ETH_USDT+0.0063%8h2,739.6−0.090%$3.31B$8.65B200xas long as short
Bitget ETHUSDT+0.0082%8h2,741.5−0.021%$2.07B$2.86B150xas long as short
Bullet ETH-USD+0.0085%1h2,739.4−0.097%$182K$1.7M20xas long as short
KuCoin ETHUSDTM+0.0085%8h2,741.2−0.034%$382.9M$606.6M100xas long as short
Aftermath Perps ETHUSD+0.0085%1h2,753.6+0.422%$30K$21K20xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,741.6−0.016%$59.5M$4.38B50xas long as short
Variational Omni ETH+0.0095%8h2,741.6−0.018%$132.7M$345.8M—as long as short
Lighter ETH+0.0096%1h2,741.1−0.036%$113.0M$437.4M50xas long as short
Lighter RH ETH+0.0096%1h2,742.8+0.028%$25.0M$105.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,742.4+0.013%—$35.7M500xas long as short
SoDEX ETH-USD+0.0096%1h2,740.4−0.061%$54.6M$187.7M40xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,746.7+0.167%$15.9M$8.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,740.9−0.043%$470K$2.8M50xas long as short
Vest ETH-PERP+0.0100%1h2,742−0.003%—$871K50xas long as short
Nado ETH-PERP+0.0100%1h2,741.2−0.032%$14.0M$113.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,741.8−0.010%$3.11B$2.15B25xas long as short
Pacifica ETH+0.0100%1h2,741.7−0.015%$31.1M$332.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,741.1−0.034%$2.46B$4.36B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,739.5−0.094%$2.8M$16.5M25xas long as short
Arcus ETH-USD+0.0100%1h2,740.7−0.049%$2.8M$16.8M25xas long as short
Bulk ETH-USD+0.0100%1h2,752.6+0.385%$169.2M$297.0M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,741.1−0.035%$14.9M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,751.5+0.343%$183.7M$729.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,749.3+0.265%$159.9M$81.2M50xas long as short
StandX ETH-USD+0.0100%1h2,751.9+0.358%$21.3M$65.4M40xas long as short
Polymarket Perps ETH-USDshort+0.0100%1h2,739.3−0.101%$10.3M$8.0M50x
Bluefin ETH-PERP+0.0100%1h2,740.4−0.060%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,742.6+0.021%$41.9M$29.0M15xas long as short
SunX ETH-USDT+0.0100%8h2,740−0.074%$961K$12.7M100xas long as short
Phemex ETHUSDT+0.0100%8h2,741.8−0.011%$266.6M$66.1M150xas long as short
Extended ETH-USD+0.0104%1h2,740−0.076%$30.5M$74.7M50xas long as short
Kalshi KXETHPERP+0.0128%8h2,741.7−0.013%$7.6M$671.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0159%8h2,742.9+0.028%$32.3M$11.0M100xas long as short
Hibachi ETH/USDT-P+0.0168%1h2,743.9+0.067%$250K$1.5M20xas long as short
Deribit ETH-PERPETUALlong+0.0173%1h2,742.1long leg$258.8M$202.2M50x
BloFin ETH-USDT+0.0174%8h2,740−0.075%$284.7M$177.8M150xas long as short
Injective ETH/USDC PERP+0.0209%1h2,743.1+0.038%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0216%1h2,739.2−0.105%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0355%1h2,741.7−0.012%$92.8M$322.0M100xas long as short