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 00:00 UTC−0.0052%/8h= −5.7% APRnext payment −$0.06 per $10,000 · paid last 24h −0.007%
Price spread now: Bullet against Polymarket Perps−0.011%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$210.209% of the position
Long on Polymarket PerpsShort on Bullet
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.046%−$5 on $10k
Price spread, last 7 days−0.012%−$1 · spread now −0.011%, 7d avg 0.000%
Together, before fees−0.058%−$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of 0.000%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps ETH-USD2,774.40.0100pay 0.0013% / 1h33m 06s$10.7M$8.0M50x
ShortBullet ETH-USD2,774.10.0048get 0.0006% / 1h33m 06s$183K$1.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bullet 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
−$10.9
Price spread: −0.011% → 0.000%
−$1.17
Slippage, 4 orders
−$4.92
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Bullet: 4 bp × 2 orders
−$8
Net
−$32.99
Costs to cover
0.209%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 6 min ago; Bullet: live order book, 1 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, 6 min ago0.18 bp4.2 bp −$44.4 bp −$4412.1 bp −$1,208doesn't fit
Sell Bullet live order book, 1 min ago0.54 bp5.5 bp −$59.4 bp −$94doesn't fitdoesn'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%43m2,774.6+0.006%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,774.4−0.001%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,781.9+0.270%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,774.40.000%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0049%1h2,775.4+0.035%$8.9M$32.8M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,774.8+0.014%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,774.6+0.009%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,778.6+0.151%$879K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,775.1+0.023%$22.4M—200xas long as short
Aftermath Perps ETHUSD+0.0010%1h2,777.6+0.117%$29K$22K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0016%8h2,773.7−0.024%—$1.21B—as long as short
OKX ETH-USDT-SWAP+0.0020%8h2,773.7−0.026%$1.70B$11.87B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,774.9+0.018%$12.9M—200xas long as short
Phemex ETHUSDT+0.0030%8h2,774.3−0.004%$270.4M$69.0M150xas long as short
Aster ETHUSDT+0.0034%8h2,773.8−0.022%$256.5M$1.00B200xas long as short
Bullet ETH-USDshort+0.0048%1h2,774.1−0.011%$183K$1.7M20x
SoDEX ETH-USD+0.0049%1h2,774.3−0.004%$55.2M$229.1M40xas long as short
Binance ETHUSDT+0.0062%8h2,773.8−0.022%$6.46B$17.28B150xas long as short
MEXC ETH_USDT+0.0063%8h2,773.8−0.023%$1.59B$2.64B500xas long as short
Aevo ETH-PERP+0.0064%1h2,771.9−0.090%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0067%8h2,774−0.016%$2.10B$3.10B150xas long as short
Deribit ETH-PERPETUAL+0.0067%1h2,775.8+0.051%$259.0M$222.3M50xas long as short
Gate ETH_USDT+0.0071%8h2,774−0.016%$3.29B$9.63B200xas long as short
KuCoin ETHUSDTM+0.0087%8h2,774.3−0.005%$421.6M$739.4M100xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,775.3+0.031%$60.0M$4.60B50xas long as short
Bybit ETHUSDT+0.0091%8h2,773.8−0.020%$2.51B$4.62B150xas long as short
Vest ETH-PERP+0.0095%1h2,774.7+0.012%—$1.1M50xas long as short
HTX ETH-USDT+0.0095%8h2,774.2−0.008%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,774.4+0.001%$116.0M$497.5M50xas long as short
Lighter RH ETH+0.0096%1h2,776+0.058%$25.3M$121.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,774.7+0.012%—$42.0M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,773.4−0.038%$15.9M$10.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,774.3−0.004%$477K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,774−0.015%$14.3M$118.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,776.3+0.068%$3.19B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,774.40.000%$31.2M$310.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,773.5−0.032%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,775.4+0.035%$2.8M$17.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,777.9+0.125%$167.7M$256.4M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,774.2−0.009%$15.1M$44.5M50xas long as short
Variational Omni ETH+0.0100%8h2,775.8+0.049%$147.4M$335.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,776.7+0.084%$182.3M$783.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.5+0.075%$161.4M$89.5M50xas long as short
StandX ETH-USD+0.0100%1h2,775.2+0.029%$21.5M$58.6M40xas long as short
Polymarket Perps ETH-USDlong+0.0100%1h2,774.4long leg$10.7M$8.0M50x
Bluefin ETH-PERP+0.0100%1h2,775.2+0.028%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,776.9+0.090%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,773.6−0.027%$972K$13.9M100xas long as short
Extended ETH-USD+0.0104%1h2,773.9−0.019%$32.7M$78.0M50xas long as short
Kalshi KXETHPERP+0.0117%8h2,775+0.022%$8.3M$684.9M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,775.1+0.027%$86.5M$333.5M100xas long as short
Orderly PERP_ETH_USDC+0.0140%8h2,776.9+0.090%$32.6M$12.1M100xas long as short
BloFin ETH-USDT+0.0182%8h2,774−0.015%$286.4M$194.2M150xas long as short
Reya ETHRUSDPERP+0.0201%1h2,773.8−0.022%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,776.6+0.079%$252K$1.6M20xas long as short