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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 23:00 UTC−0.0027%/8h= −3.0% APRpaid last 24h −0.016%
Price spread now: Bitget against Polymarket Perps−0.003%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$220.221% of the position
Long on Polymarket PerpsShort on Bitget
What this pair did over the last
the charts below follow
Funding, last 7 days−0.074%−$7 on $10k
Price spread, last 7 days−0.009%−$1 · spread now −0.003%, 7d avg −0.013%
Together, before fees−0.083%−$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps ETH-USD2,781.60.0100pay 0.0013% / 1h41m 46s$10.8M$7.7M50x
ShortBitget ETHUSDT2,781.50.0073get 0.0073% / 8h1h 41m$2.11B$3.10B150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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
−$5.67
Price spread: −0.003% → −0.013%
$0.97
Slippage, 4 orders
−$2.07
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$26.76
Costs to cover
0.221%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 2 min ago; Bitget: 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 bp4.5 bp −$55.0 bp −$509.8 bp −$979doesn't fit
Sell Bitget live order book, 2 min ago0.02 bp6.0 bp −$66.5 bp −$658.1 bp −$808doesn'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%43m2,780.5−0.039%$289K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,780.4−0.042%$5.8M$12.0M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,778.1−0.126%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,775.7−0.212%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,781.1−0.018%$170K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0030%1h2,775.9−0.204%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,782.1+0.017%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,774.2−0.266%$885K$3.7M25xas long as short
Phemex ETHUSDT+0.0005%8h2,781−0.022%$270.5M$68.5M150xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,781.7+0.004%$22.5M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0016%8h2,782.2+0.022%—$1.18B—as long as short
OKX ETH-USDT-SWAP+0.0019%8h2,782.1+0.017%$1.71B$11.86B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,781.6−0.001%$13.2M—200xas long as short
Aster ETHUSDT+0.0037%8h2,781.8+0.008%$257.1M$989.5M200xas long as short
Bullet ETH-USD+0.0038%1h2,780.6−0.036%$182K$1.8M20xas long as short
Nado ETH-PERP+0.0039%1h2,780.1−0.055%$14.3M$117.8M50xas long as short
MEXC ETH_USDT+0.0056%8h2,782.8+0.043%$1.62B$2.65B500xas long as short
Aevo ETH-PERP+0.0056%1h2,778.6−0.108%$5.0M$636K20xas long as short
Binance ETHUSDT+0.0058%8h2,781.8+0.006%$6.46B$17.11B150xas long as short
Bitget ETHUSDTshort+0.0073%8h2,781.5−0.003%$2.11B$3.10B150x
Gate ETH_USDT+0.0079%8h2,782.2+0.020%$3.30B$9.57B200xas long as short
HTX ETH-USDT+0.0095%8h2,781−0.023%$1.08B$1.31B200xas long as short
Lighter ETH+0.0096%1h2,782.4+0.027%$115.3M$497.5M50xas long as short
Lighter RH ETH+0.0096%1h2,783.3+0.060%$25.5M$120.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,781.5−0.004%—$41.5M500xas long as short
Bybit ETHUSDT+0.0096%8h2,782+0.015%$2.53B$4.59B150xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,781−0.020%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,780.6−0.036%$482K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,784.7+0.112%$3.20B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,780.9−0.025%$31.3M$295.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,779.3−0.083%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,782.2+0.023%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.6−0.396%$166.0M$246.3M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,781.3−0.010%$426.9M$737.5M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,781.8+0.008%$15.3M$44.0M50xas long as short
Variational Omni ETH+0.0100%8h2,773.8−0.280%$135.8M$327.0M—as long as short
edgeX ETHUSDC+0.0100%4h2,775.5−0.218%$179.9M$780.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.5−0.182%$161.5M$93.1M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,776.6−0.181%$8.7M$32.6M100xas long as short
StandX ETH-USD+0.0100%1h2,776.2−0.194%$21.4M$57.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,780.4−0.043%—$1.1M50xas long as short
Polymarket Perps ETH-USDlong+0.0100%1h2,781.6long leg$10.8M$7.7M50x
Bluefin ETH-PERP+0.0100%1h2,781.5−0.003%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,783.4+0.064%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,780.3−0.045%$975K$14.0M100xas long as short
SoDEX ETH-USD+0.0100%1h2,781−0.022%$55.4M$228.8M40xas long as short
Extended ETH-USD+0.0104%1h2,780.7−0.032%$31.4M$74.6M50xas long as short
Hibachi ETH/USDT-P+0.0104%1h2,778.9−0.098%$281K$1.5M20xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,782.5+0.031%$60.4M$4.60B50xas long as short
Kalshi KXETHPERP+0.0110%8h2,781−0.022%$8.6M$673.1M4.9xas long as short
Deribit ETH-PERPETUAL+0.0117%1h2,782.5+0.032%$258.4M$221.7M50xas long as short
Orderly PERP_ETH_USDC+0.0139%8h2,783.6+0.073%$32.7M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0169%1h2,782.2+0.020%$86.3M$330.4M100xas long as short
BloFin ETH-USDT+0.0176%8h2,778−0.131%$285.6M$194.6M150xas long as short
Reya ETHRUSDPERP+0.0189%1h2,780.6−0.037%$7.4M$1.1M25xas long as short