Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

ETH

all ETH markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 01:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h +0.019%
Price spread now: Polymarket Perps against OKX+0.130%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$7as in the Price arb table
costs, in and out, $10k−$190.186% of the position
Long on OKXShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days+0.095%+$9 on $10k
Price spread, last 7 days−0.118%−$12 · spread now +0.130%, 7d avg +0.017%
Together, before fees−0.023%−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.113% dearer against OKX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.017%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ETH-USDT-SWAP2,7640.0028pay 0.0028% / 8h7h 18m$1.70B$11.12B100x
ShortPolymarket Perps ETH-USD2,767.60.0100get 0.0013% / 1h18m 59s$10.5M$8.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against OKX. 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
$15.16
Price spread: +0.130% → +0.017%
$11.32
Slippage, 4 orders
−$0.59
Fee OKX: 5 bp × 2 orders
−$10
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
$7.89
Costs to cover
0.186%
Break-even
3.4 days
Slippage from OKX: live order book, 5 min ago; Polymarket Perps: live order book, 5 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 OKX live order book, 5 min ago0.02 bp5.0 bp −$55.0 bp −$505.8 bp −$5787.8 bp −$3,911
Sell Polymarket Perps live order book, 5 min ago0.18 bp4.2 bp −$45.4 bp −$5410.4 bp −$1,041doesn'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
Injective ETH/USDC PERP−0.0752%1h2,776.9+0.467%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,766.7+0.098%$5.6M$11.2M25xas long as short
Perpl ETH−0.0112%43m2,767.1+0.111%$326K$6.2M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,767.2+0.116%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0032%1h2,767.1+0.112%$169K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,772+0.289%$873K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,767.8+0.138%$12.2M$43.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,767.2+0.116%$22.4M—200xas long as short
Bullet ETH-USD+0.0019%1h2,766.7+0.098%$184K$1.7M20xas long as short
OKX ETH-USDT-SWAPlong+0.0028%8h2,764long leg$1.70B$11.12B100x
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX ETH-USD+0.0028%1h2,763.7−0.011%$55.0M$188.0M40xas long as short
GMX ETH/USD [ETH-USDC]L +0.0043% / S −0.0009%1h2,767.4+0.122%$12.7M—200xas long as short
Aster ETHUSDT+0.0047%8h2,763.3−0.027%$255.9M$886.2M200xas long as short
Gate ETH_USDT+0.0056%8h2,763.7−0.011%$3.38B$9.05B200xas long as short
Aevo ETH-PERP+0.0056%1h2,764.6+0.020%$5.0M$165K20xas long as short
MEXC ETH_USDT+0.0059%8h2,763−0.035%$1.61B$2.65B500xas long as short
Binance ETHUSDT+0.0060%8h2,763.2−0.028%$6.46B$16.26B150xas long as short
Deribit ETH-PERPETUAL+0.0061%1h2,765.2+0.043%$259.1M$204.5M50xas long as short
Aftermath Perps ETHUSD+0.0072%1h2,771.1+0.257%$31K$21K20xas long as short
Bitget ETHUSDT+0.0075%8h2,764+0.001%$2.09B$2.87B150xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,765+0.034%$60.2M$4.41B50xas long as short
Vest ETH-PERP+0.0082%1h2,767.8+0.138%—$876K50xas long as short
KuCoin ETHUSDTM+0.0085%8h2,763.9−0.003%$419.9M$619.4M100xas long as short
HTX ETH-USDT+0.0088%8h2,762.4−0.060%$1.07B$1.25B200xas long as short
Lighter ETH+0.0096%1h2,763.9−0.004%$114.7M$458.7M50xas long as short
Lighter RH ETH+0.0096%1h2,765.5+0.055%$25.5M$111.7M50xas long as short
ApeX Omni ETHUSDT+0.0098%1h2,768.2+0.152%$8.7M$32.1M100xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,769.1+0.183%$15.9M$8.6M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,766.9+0.105%$488K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,766.1+0.074%$14.6M$113.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,766.3+0.083%$3.16B$2.18B25xas long as short
Pacifica ETH+0.0100%1h2,767.6+0.130%$31.2M$328.0M50xas long as short
Bybit ETHUSDT+0.0100%8h2,764.1+0.004%$2.51B$4.33B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,766.1+0.076%$2.8M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,767.3+0.119%$2.8M$16.8M25xas long as short
Bulk ETH-USD+0.0100%1h2,772.8+0.320%$170.3M$276.6M25xas long as short
BingX ETH-USDC+0.0100%8h2,763.4−0.022%—$17.3M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,763.7−0.012%$15.1M$42.1M50xas long as short
Variational Omni ETH+0.0100%8h2,768.5+0.165%$137.0M$344.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,768.1+0.148%$181.7M$785.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,768.8+0.173%$161.1M$85.1M50xas long as short
StandX ETH-USD+0.0100%1h2,767.8+0.137%$21.4M$64.0M40xas long as short
Polymarket Perps ETH-USDshort+0.0100%1h2,767.6+0.130%$10.5M$8.0M50x
Bluefin ETH-PERP+0.0100%1h2,766.4+0.087%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,767.1+0.112%$42.5M$28.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,766.3+0.083%$969K$13.1M100xas long as short
Phemex ETHUSDT+0.0100%8h2,763.8−0.007%$269.0M$67.4M150xas long as short
Extended ETH-USD+0.0104%1h2,762.5−0.053%$30.9M$74.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,769+0.182%—$36.1M500xas long as short
Kalshi KXETHPERP+0.0109%8h2,767.4+0.123%$8.1M$678.7M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,765.4+0.052%$97.7M$320.7M100xas long as short
Hibachi ETH/USDT-P+0.0152%1h2,769.3+0.191%$252K$1.5M20xas long as short
Orderly PERP_ETH_USDC+0.0154%8h2,768.6+0.168%$32.6M$11.1M100xas long as short
BloFin ETH-USDT+0.0180%8h2,763.6−0.016%$287.3M$178.3M150xas long as short
Reya ETHRUSDPERP+0.0213%1h2,767.6+0.131%$7.3M$1.1M25xas long as short