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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 06:00 UTC+0.0023%/8h= +2.5% APRpaid last 24h +0.002%
Price spread now: Polymarket Perps against KuCoin+0.066%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$240.240% of the position
Long on KuCoinShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days+0.101%+$10 on $10k
Price spread, last 7 days−0.086%−$9 · spread now +0.066%, 7d avg +0.010%
Together, before fees+0.015%+$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Polymarket Perps is 0.056% dearer against KuCoin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.010%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ETHUSDTM2,719.30.0077pay 0.0077% / 8h2h 23m$373.0M$576.8M100x
ShortPolymarket Perps ETH-USD2,721.10.0100get 0.0013% / 1h23m 14s$11.1M$9.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against KuCoin. 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
$4.83
Price spread: +0.066% → +0.010%
$5.58
Slippage, 4 orders
−$3.98
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$13.57
Costs to cover
0.240%
Break-even
26.7 days
Slippage from KuCoin: live order book, 6 min ago; Polymarket Perps: live order book, 6 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 KuCoin live order book, 6 min ago0.02 bp6.0 bp −$66.8 bp −$689.6 bp −$964doesn't fit
Sell Polymarket Perps live order book, 6 min ago0.55 bp4.6 bp −$55.3 bp −$5313.6 bp −$1,355doesn'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%43m2,719.5+0.007%$280K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,721.6+0.085%$5K$1K50xas long as short
HTX ETH-USDT−0.0012%8h2,722.5+0.119%$1.05B$1.21B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,719.9+0.021%$11.9M—200xas long as short
Phoenix ETH−0.0009%1h2,720+0.026%$814K$3.0M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,720.4+0.041%$32.0M—200xas long as short
dYdX ETH-USD+0.0008%1h2,721.2+0.070%$10.3M$42.5M50xas long as short
Injective ETH/USDC PERP+0.0009%1h2,717.1−0.081%$117K$22.5M52xas long as short
BingX ETH-USDC+0.0033%8h2,719.4+0.004%—$18.5M—as long as short
01 Exchange ETHUSD+0.0040%1h2,720.2+0.033%$189K$824K50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0043%8h2,720+0.024%$2.34B$4.40B150xas long as short
SunX ETH-USDT+0.0068%8h2,718.9−0.016%$953K$11.1M100xas long as short
Bullet ETH-USD+0.0073%1h2,719.5+0.008%$180K$1.7M20xas long as short
ApeX Omni ETHUSDT+0.0076%1h2,715.8−0.129%$8.6M$31.4M100xas long as short
KuCoin ETHUSDTMlong+0.0077%8h2,719.3long leg$373.0M$576.8M100x
Aftermath Perps ETHUSD+0.0081%1h2,719.9+0.020%$30K$20K20xas long as short
Aster ETHUSDT+0.0083%8h2,720+0.025%$251.6M$845.1M200xas long as short
MEXC ETH_USDT+0.0088%8h2,719.8+0.018%$1.54B$2.59B500xas long as short
Aevo ETH-PERP+0.0088%1h2,718−0.046%$4.9M$155K20xas long as short
Binance ETHUSDT+0.0090%8h2,720.2+0.033%$6.30B$16.07B150xas long as short
OKX ETH-USDT-SWAP+0.0095%8h2,720.2+0.034%$1.66B$10.80B100xas long as short
Phemex ETHUSDT+0.0096%8h2,721.2+0.070%$262.2M$64.9M150xas long as short
Lighter ETH+0.0096%1h2,721.6+0.084%$111.8M$434.3M50xas long as short
Lighter RH ETH+0.0096%1h2,722.7+0.127%$23.5M$103.7M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,719.2−0.004%$498K$3.4M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,722.6+0.123%$15.1M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,719.30.000%$13.8M$105.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,721.6+0.085%$3.08B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,721+0.063%$31.9M$333.8M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,719.30.000%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,720.1+0.029%$1.5M$16.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,719−0.012%$161.7M$327.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,719.8+0.018%$3.30B$8.99B200xas long as short
Bitget ETHUSDT+0.0100%8h2,720.6+0.048%$2.08B$2.78B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,721.7+0.087%$14.9M$43.2M50xas long as short
Variational Omni ETH+0.0100%8h2,716.2−0.116%$132.3M$328.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,715.8−0.129%$184.0M$676.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,721+0.064%$158.3M$86.7M50xas long as short
StandX ETH-USD+0.0100%1h2,722+0.099%$20.9M$70.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,721.5+0.081%—$875K50xas long as short
Polymarket Perps ETH-USDshort+0.0100%1h2,721.1+0.066%$11.1M$9.5M50x
Bluefin ETH-PERP+0.0100%1h2,720.7+0.053%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,722+0.100%$40.8M$30.2M15xas long as short
SoDEX ETH-USD+0.0100%1h2,720.6+0.048%$54.2M$187.7M40xas long as short
Extended ETH-USD+0.0104%1h2,719.9+0.020%$30.4M$74.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,720+0.028%—$31.3M500xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,722.1+0.102%$49.5M$4.29B50xas long as short
RISEx ETH/USDC+0.0108%1h2,719.9+0.021%$5.5M$11.7M25xas long as short
Kalshi KXETHPERP+0.0151%8h2,721+0.063%$6.9M$693.1M4.9xas long as short
Deribit ETH-PERPETUAL+0.0158%1h2,721.9+0.095%$259.3M$207.7M50xas long as short
Kraken Futures PF_ETHUSD+0.0176%1h2,721.5+0.080%$82.8M$312.1M100xas long as short
Orderly PERP_ETH_USDC+0.0188%8h2,722.9+0.132%$32.0M$11.5M100xas long as short
Reya ETHRUSDPERP+0.0200%1h2,718.9−0.016%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0264%1h2,722.1+0.103%$249K$1.4M20xas long as short
BloFin ETH-USDT+0.0359%8h2,720.5+0.042%$281.1M$173.9M150xas long as short