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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 04:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h −0.017%
Price spread now: Polymarket Perps against dYdX+0.016%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$270.266% of the position
Long on dYdXShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days−0.084%−$8 on $10k
Price spread, last 7 days−0.083%−$8 · spread now +0.016%, 7d avg +0.018%
Together, before fees−0.167%−$17 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.018%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.084%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ETH-USD2,738.90get 0.0000% / 1h30m 14s$10.8M$41.7M50x
ShortPolymarket Perps ETH-USD2,739.40.0100get 0.0013% / 1h30m 14s$11.2M$9.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against dYdX. 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
$21
Price spread: +0.016% → +0.018%
−$0.12
Slippage, 4 orders
−$8.63
Fee dYdX: 5 bp × 2 orders
−$10
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$5.76
Costs to cover
0.266%
Break-even
8.9 days
Slippage from dYdX: 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 dYdX live order book, 4 min ago2.93 bp9.7 bp −$1011.3 bp −$11320.0 bp −$1,99952.7 bp −$26.3K
Sell Polymarket Perps live order book, 4 min ago0.18 bp4.5 bp −$54.5 bp −$4514.4 bp −$1,444doesn'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
Perpl ETH−0.0447%43m2,738.2−0.026%$298K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,730.9−0.294%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,739.1+0.005%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,738.4−0.021%$12.0M—200xas long as short
dYdX ETH-USDlong0.0000%1h2,738.9long leg$10.8M$41.7M50x
01 Exchange ETHUSD0.0000%1h2,738.5−0.016%$188K$821K50xas long as short
Phoenix ETH0.0000%1h2,736.5−0.089%$830K$2.9M25xas long as short
Bullet ETH-USD+0.0007%1h2,737.6−0.049%$179K$1.7M20xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,738.8−0.006%$28.1M—200xas long as short
ApeX Omni ETHUSDT+0.0036%1h2,732.9−0.220%$8.7M$31.3M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0057%8h2,738.9−0.001%—$18.4M—as long as short
Phemex ETHUSDT+0.0061%8h2,738.9−0.003%$266.3M$65.6M150xas long as short
HTX ETH-USDT+0.0062%8h2,737.6−0.050%$1.06B$1.19B200xas long as short
KuCoin ETHUSDTM+0.0066%8h2,738.3−0.024%$380.5M$575.1M100xas long as short
OKX ETH-USDT-SWAP+0.0070%8h2,739.6+0.023%$1.67B$10.74B100xas long as short
Bybit ETHUSDT+0.0071%8h2,738.9−0.003%$2.39B$4.35B150xas long as short
SoDEX ETH-USD+0.0077%1h2,738.5−0.016%$54.5M$187.6M40xas long as short
Aster ETHUSDT+0.0084%8h2,737.8−0.041%$251.2M$844.0M200xas long as short
Aevo ETH-PERP+0.0088%1h2,735.7−0.118%$4.9M$155K20xas long as short
MEXC ETH_USDT+0.0090%8h2,739.2+0.010%$1.53B$2.56B500xas long as short
Binance ETHUSDT+0.0090%8h2,738.9−0.003%$6.36B$15.87B150xas long as short
Lighter ETH+0.0096%1h2,739+0.003%$113.2M$438.5M50xas long as short
Lighter RH ETH+0.0096%1h2,740.2+0.044%$23.4M$106.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,738.8−0.005%—$30.9M500xas long as short
Paradex ETH-USD-PERP+0.0098%8h2,742.5+0.128%$15.5M$8.0M50xas long as short
RISEx ETH/USDC+0.0099%1h2,738.9−0.001%$5.6M$11.6M25xas long as short
Katana Perps ETH-USD+0.0100%8h2,738−0.035%$500K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,738.2−0.029%$13.8M$104.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,741.9+0.108%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,739.3+0.015%$32.0M$334.3M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,737.9−0.038%$2.7M$17.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,739+0.001%$1.6M$16.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,728.7−0.375%$166.6M$310.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,739.9+0.033%$3.36B$8.88B200xas long as short
Bitget ETHUSDT+0.0100%8h2,740+0.039%$2.07B$2.74B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,739.3+0.014%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,736.1−0.104%$133.6M$325.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,729.6−0.340%$183.6M$671.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,730.3−0.316%$158.8M$86.8M50xas long as short
StandX ETH-USD+0.0100%1h2,737.2−0.064%$21.1M$68.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,738.6−0.013%—$843K50xas long as short
Polymarket Perps ETH-USDshort+0.0100%1h2,739.4+0.016%$11.2M$9.1M50x
Bluefin ETH-PERP+0.0100%1h2,739.1+0.004%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,740.1+0.040%$41.4M$29.8M15xas long as short
SunX ETH-USDT+0.0100%8h2,736.4−0.095%$960K$11.4M100xas long as short
Extended ETH-USD+0.0104%1h2,737.7−0.047%$30.3M$72.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,740.1+0.041%$51.5M$4.28B50xas long as short
Aftermath Perps ETHUSD+0.0123%1h2,734.5−0.164%$30K$20K20xas long as short
Deribit ETH-PERPETUAL+0.0133%1h2,740.1+0.042%$260.2M$196.5M50xas long as short
Kalshi KXETHPERP+0.0144%8h2,738.6−0.013%$6.6M$678.5M4.9xas long as short
Orderly PERP_ETH_USDC+0.0193%8h2,741+0.073%$32.2M$11.5M100xas long as short
Reya ETHRUSDPERP+0.0221%1h2,736.9−0.073%$7.3M$1.2M25xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,739.6+0.023%$83.6M$314.8M100xas long as short
Hibachi ETH/USDT-P+0.0256%1h2,738.8−0.005%$254K$1.4M20xas long as short
BloFin ETH-USDT+0.0361%8h2,736.8−0.080%$283.7M$175.6M150xas long as short