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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 11:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: Polymarket Perps against Ondo Perps+0.055%7-day average +0.025% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Ondo PerpsShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days−0.014%−$1 on $10k
Price spread, last 7 days+0.189%+$19 · spread now +0.055%, 7d avg +0.025%
Together, before fees+0.175%+ Points / potential airdropOndo Perps: Active · farm board+$18 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.030% dearer against Ondo Perps than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.025%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps ETH-USD.P2,740.10.0100pay 0.0013% / 1h31m 46s$2.8M$14.1M25x
ShortPolymarket Perps ETH-USD2,741.60.0100get 0.0013% / 1h31m 46s$11.2M$8.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Ondo Perps. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.055% → +0.025%
$2.99
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$10.01
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Polymarket Perps: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Ondo Perps no order-book sample—————
Sell Polymarket Perps live order book, 5 min ago0.18 bp5.1 bp −$55.5 bp −$558.9 bp −$887doesn't fit
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ETH on 54 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi ETH/USDT-P−0.0088%1h2,741.6+0.056%$234K$1.2M20xas long as short
Hotstuff ETH-PERP−0.0080%1h2,746.4+0.230%$5K$1K50xas long as short
ApeX Omni ETHUSDT−0.0030%1h2,741.2+0.041%$8.2M$25.2M100xas long as short
GMX ETH/USD [ETH-USDC]L −0.0009% / S +0.0043%1h2,741.1+0.035%$12.2M—200xas long as short
Phoenix ETH−0.0009%1h2,741.7+0.058%$820K$2.8M25xas long as short
Kalshi KXETHPERP0.0000%8h2,740.8+0.026%$7.1M$660.3M4.9xas long as short
Perpl ETH0.0000%43m2,739.6−0.020%$268K$5.0M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,739.9−0.009%$33.1M—200xas long as short
Bybit ETHUSDT+0.0030%8h2,739−0.039%$2.36B$3.81B150xas long as short
01 Exchange ETHUSD+0.0056%1h2,741+0.033%$182K$912K50xas long as short
Show all 54 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0067%8h2,739−0.040%$1.67B$9.17B100xas long as short
Aster ETHUSDT+0.0084%8h2,738.9−0.044%$257.5M$716.3M200xas long as short
MEXC ETH_USDT+0.0088%8h2,739−0.041%$1.59B$2.36B500xas long as short
Aevo ETH-PERP+0.0088%1h2,739−0.041%$4.9M$228K20xas long as short
Binance ETHUSDT+0.0089%8h2,738.9−0.043%$6.39B$13.96B150xas long as short
Deribit ETH-PERPETUAL+0.0089%1h2,741.3+0.043%$267.0M$183.4M50xas long as short
KuCoin ETHUSDTM+0.0090%8h2,739.6−0.020%$362.9M$437.7M100xas long as short
Lighter ETH+0.0096%1h2,739.4−0.024%$113.8M$387.1M50xas long as short
Lighter RH ETH+0.0096%1h2,740.6+0.016%$23.6M$95.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,741.3+0.043%—$23.6M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,740.8+0.024%$46.0M$3.88B50xas long as short
Gate ETH_USDT+0.0097%8h2,739.7−0.014%$3.26B$7.74B200xas long as short
Katana Perps ETH-USD+0.0100%8h2,739.4−0.026%$510K$3.5M50xas long as short
Nado ETH-PERP+0.0100%1h2,739.7−0.014%$14.6M$94.3M50xas long as short
Pacifica ETH+0.0100%1h2,740.1−0.001%$32.2M$322.4M50xas long as short
Ondo Perps ETH-USD.Plong+0.0100%1h2,740.1long leg$2.8M$14.1M25x
Arcus ETH-USD+0.0100%1h2,740.9+0.027%$1.5M$14.1M25xas long as short
Bitget ETHUSDT+0.0100%8h2,739.5−0.021%$2.10B$2.29B150xas long as short
BingX ETH-USDT+0.0100%8h2,739.4−0.024%—$941.8M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,738.7−0.050%$14.9M$35.6M50xas long as short
Variational Omni ETH+0.0100%8h2,743.2+0.115%$132.5M$283.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,744.9+0.176%$184.6M$577.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,746.1+0.220%$159.7M$69.7M50xas long as short
StandX ETH-USD+0.0100%1h2,740.3+0.007%$21.0M$75.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,741.5+0.051%—$337K50xas long as short
Polymarket Perps ETH-USDshort+0.0100%1h2,741.6+0.055%$11.2M$8.6M50x
Bullet ETH-USD+0.0100%1h2,740.2+0.004%$176K$1.7M20xas long as short
SunX ETH-USDT+0.0100%8h2,740−0.002%$944K$8.5M100xas long as short
SoDEX ETH-USD+0.0100%1h2,740−0.004%$61.7M$121.7M40xas long as short
HTX ETH-USDT+0.0100%8h2,739.8−0.013%$1.05B$1.03B200xas long as short
Phemex ETHUSDT+0.0100%8h2,739.9−0.008%$263.0M$56.3M150xas long as short
Bulk ETH-USD+0.0100%1h2,744.4+0.158%$164.0M$319.7M25xas long as short
Extended ETH-USD+0.0104%1h2,738.9−0.045%$30.2M$64.8M50xas long as short
Kraken Futures PF_ETHUSD+0.0105%1h2,740.5+0.015%$82.3M$271.5M100xas long as short
Aftermath Perps ETHUSD+0.0112%1h2,743.3+0.116%$30K$8K20xas long as short
dYdX ETH-USD+0.0142%1h2,740.8+0.025%$15.2M$42.7M50xas long as short
Reya ETHRUSDPERP+0.0153%1h2,740.1−0.001%$7.3M$832K25xas long as short
Orderly PERP_ETH_USDC+0.0178%8h2,741.9+0.065%$32.4M$9.9M100xas long as short
RISEx ETH/USDC+0.0206%1h2,741.1+0.036%$5.7M$10.5M25xas long as short
Bluefin ETH-PERP+0.0211%1h2,739.7−0.014%$20K$13K25xas long as short
Hyperliquid ETH+0.0231%1h2,742.3+0.080%$3.14B$1.72B25xas long as short
BloFin ETH-USDT+0.0361%8h2,741+0.032%$284.6M$148.5M150xas long as short
Injective ETH/USDC PERP+0.0461%1h2,743.8+0.135%$322K$23.7M52xas long as short
Paradex ETH-USD-PERP+0.0590%8h2,742.5+0.089%$15.9M$6.2M50xas long as short