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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%
Price spread now: BingX against Polymarket Perps+0.038%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$190.191% of the position
Long on Polymarket PerpsShort on BingX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.087%−$9 on $10k
Price spread, last 7 days−0.055%−$6 · spread now +0.038%, 7d avg −0.015%
Together, before fees−0.143%−$14 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: BingX is 0.053% dearer against Polymarket Perps than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.015%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps ETH-USD2,770.60.0100pay 0.0013% / 1h46m 51s$10.6M$8.1M50x
ShortBingX ETH-USDT2,771.70.0100get 0.0100% / 8h7h 46m—$1.24B—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Polymarket Perps. 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
$0
Price spread: +0.038% → −0.015%
$5.25
Slippage, 4 orders
−$1.15
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee BingX: 5 bp × 2 orders
−$10
Net
−$13.9
Costs to cover
0.191%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 2 min ago; BingX: live order book, 2 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 Polymarket Perps live order book, 2 min ago0.18 bp4.2 bp −$44.5 bp −$4512.2 bp −$1,219doesn't fit
Sell BingX live order book, 2 min ago0.05 bp5.1 bp −$55.1 bp −$515.1 bp −$5076.5 bp −$3,240

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%1h2,770.4−0.007%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,770.3−0.010%$5.7M$11.8M25xas long as short
Perpl ETH−0.0112%43m2,770.7+0.003%$285K$6.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,771.1+0.018%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0032%1h2,770.1−0.018%$168K$1.2M50xas long as short
Phemex ETHUSDT−0.0026%8h2,772+0.049%$270.0M$67.8M150xas long as short
Phoenix ETH−0.0003%1h2,771.1+0.018%$878K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,770−0.022%$12.7M$45.8M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,772.2+0.058%$22.4M—200xas long as short
Bullet ETH-USD+0.0020%1h2,771.1+0.018%$183K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0021%8h2,771.2+0.020%$1.71B$11.63B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0025% / S +0.0009%1h2,771.5+0.034%$12.7M—200xas long as short
SoDEX ETH-USD+0.0038%1h2,771.5+0.032%$55.2M$228.8M40xas long as short
Aster ETHUSDT+0.0040%8h2,771.9+0.048%$256.7M$957.6M200xas long as short
Aftermath Perps ETHUSD+0.0041%1h2,771.3+0.027%$31K$24K20xas long as short
Aevo ETH-PERP+0.0056%1h2,772+0.050%$5.0M$165K20xas long as short
Gate ETH_USDT+0.0057%8h2,771.9+0.048%$3.33B$8.93B200xas long as short
MEXC ETH_USDT+0.0057%8h2,771.8+0.043%$1.62B$2.62B500xas long as short
Binance ETHUSDT+0.0058%8h2,771.7+0.038%$6.47B$17.05B150xas long as short
HTX ETH-USDT+0.0060%8h2,771.4+0.028%$1.08B$1.30B200xas long as short
Bitget ETHUSDT+0.0068%8h2,771.9+0.048%$2.10B$3.02B150xas long as short
ApeX Omni ETHUSDT+0.0075%1h2,770.1−0.019%$8.7M$32.8M100xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,773.1+0.090%$60.5M$4.54B50xas long as short
KuCoin ETHUSDTM+0.0082%8h2,772.3+0.060%$420.9M$730.3M100xas long as short
Vest ETH-PERP+0.0088%1h2,770.6−0.001%—$1.0M50xas long as short
Lighter ETH+0.0096%1h2,772.7+0.076%$115.3M$456.5M50xas long as short
Lighter RH ETH+0.0096%1h2,773.7+0.112%$25.2M$110.0M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,769.5−0.038%$15.9M$9.6M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,769.7−0.032%$487K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,769.4−0.042%$14.5M$117.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,773.9+0.119%$3.17B$2.30B25xas long as short
Pacifica ETH+0.0100%1h2,770.3−0.011%$31.2M$322.6M50xas long as short
Bybit ETHUSDT+0.0100%8h2,771.7+0.041%$2.51B$4.53B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,769.2−0.051%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,771+0.015%$2.8M$17.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.9−0.024%$170.3M$272.1M25xas long as short
BingX ETH-USDTshort+0.0100%8h2,771.7+0.038%—$1.24B—
Backpack ETH_USDC_PERP+0.0100%1h2,772.7+0.074%$15.3M$42.6M50xas long as short
Variational Omni ETH+0.0100%8h2,768.8−0.065%$151.4M$343.1M—as long as short
edgeX ETHUSDC+0.0100%4h2,768.8−0.064%$181.8M$786.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,770.2−0.013%$161.1M$86.9M50xas long as short
StandX ETH-USD+0.0100%1h2,770.3−0.011%$21.4M$59.1M40xas long as short
Polymarket Perps ETH-USDlong+0.0100%1h2,770.6long leg$10.6M$8.1M50x
Bluefin ETH-PERP+0.0100%1h2,772.1+0.053%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,774+0.121%$42.6M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,769.8−0.031%$972K$13.7M100xas long as short
Kalshi KXETHPERP+0.0100%8h2,771.6+0.036%$8.2M$688.7M4.9xas long as short
Extended ETH-USD+0.0104%1h2,771.3+0.024%$32.5M$77.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,770.4−0.008%—$41.7M500xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,773.2+0.094%$93.4M$331.5M100xas long as short
Orderly PERP_ETH_USDC+0.0147%8h2,774.7+0.148%$32.6M$11.9M100xas long as short
Hibachi ETH/USDT-P+0.0168%1h2,770.4−0.006%$252K$1.5M20xas long as short
BloFin ETH-USDT+0.0178%8h2,771.8+0.045%$287.6M$190.5M150xas long as short
Deribit ETH-PERPETUAL+0.0208%1h2,773.1+0.091%$259.1M$216.5M50xas long as short
Reya ETHRUSDPERP+0.0208%1h2,770.7+0.004%$7.3M$1.2M25xas long as short