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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 04:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h −0.017%
Price spread now: Kalshi against Polymarket Perps−0.018%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$190.193% of the position
Long on Polymarket PerpsShort on Kalshi
What this pair did over the last
the charts below follow
Funding, last 7 days−0.139%−$14 on $10k
Price spread, last 7 days+0.045%+$4 · spread now −0.018%, 7d avg −0.020%
Together, before fees−0.094%−$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.020%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.139%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps ETH-USD2,7360.0100pay 0.0013% / 1h50m 18s$10.9M$8.8M50x
ShortKalshi KXETHPERP2,735.50.0156get 0.0156% / 8h50m 18s$7.7M$673.3M4.9x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kalshi 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
$11.76
Price spread: −0.018% → −0.020%
$0.2
Slippage, 4 orders
−$1.31
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Kalshi: 5 bp × 2 orders
−$10
Net
−$7.35
Costs to cover
0.193%
Break-even
11.4 days
Slippage from Polymarket Perps: live order book, 4 min ago; Kalshi: live order book, 4 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, 4 min ago0.18 bp4.4 bp −$45.4 bp −$5412.9 bp −$1,291doesn't fit
Sell Kalshi live order book, 4 min ago0.37 bp5.4 bp −$56.5 bp −$6510.2 bp −$1,01916.9 bp −$8,457

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%43m2,734.7−0.049%$300K$5.5M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,739.3+0.121%$118K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,738.1+0.077%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,735−0.036%$12.0M—200xas long as short
dYdX ETH-USD0.0000%1h2,734.9−0.040%$10.8M$41.7M50xas long as short
01 Exchange ETHUSD0.0000%1h2,735−0.037%$181K$833K50xas long as short
Phoenix ETH0.0000%1h2,741.2+0.190%$832K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,735−0.035%$25.7M—200xas long as short
Bullet ETH-USD+0.0045%1h2,734.5−0.055%$180K$1.7M20xas long as short
SoDEX ETH-USD+0.0050%1h2,734.3−0.062%$54.5M$187.6M40xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0055%8h2,734.1−0.069%—$18.4M—as long as short
OKX ETH-USDT-SWAP+0.0071%8h2,733.9−0.077%$1.68B$10.60B100xas long as short
KuCoin ETHUSDTM+0.0072%8h2,734.5−0.054%$380.7M$573.6M100xas long as short
Aster ETHUSDT+0.0084%8h2,734.8−0.045%$252.9M$840.8M200xas long as short
Aevo ETH-PERP+0.0088%1h2,732.1−0.144%$4.9M$154K20xas long as short
MEXC ETH_USDT+0.0091%8h2,734−0.073%$1.56B$2.53B500xas long as short
Binance ETHUSDT+0.0091%8h2,734.3−0.063%$6.35B$15.71B150xas long as short
Lighter ETH+0.0096%1h2,734.8−0.042%$112.5M$432.6M50xas long as short
Lighter RH ETH+0.0096%1h2,735.9−0.004%$24.1M$103.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,735.6−0.014%—$30.5M500xas long as short
RISEx ETH/USDC+0.0099%1h2,735.3−0.025%$5.6M$11.4M25xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,739.9+0.142%$15.8M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,734−0.073%$499K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,734.5−0.054%$13.9M$104.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,736.9+0.033%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,7360.000%$31.6M$335.1M50xas long as short
Bybit ETHUSDT+0.0100%8h2,734−0.075%$2.43B$4.19B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,734.3−0.062%$2.7M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,735.1−0.034%$2.8M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,740.8+0.174%$166.9M$306.7M25xas long as short
Gate ETH_USDT+0.0100%8h2,734.8−0.046%$3.38B$8.69B200xas long as short
Bitget ETHUSDT+0.0100%8h2,734.3−0.061%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,736.1+0.003%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,734.9−0.040%$133.1M$324.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,738+0.072%$182.0M$665.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,739+0.109%$159.4M$84.4M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,738+0.071%$8.7M$30.7M100xas long as short
StandX ETH-USD+0.0100%1h2,7360.000%$21.1M$69.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,735.9−0.004%—$843K50xas long as short
Polymarket Perps ETH-USDlong+0.0100%1h2,736long leg$10.9M$8.8M50x
Derive ETH-PERP+0.0100%1h2,735.9−0.002%$41.3M$29.7M15xas long as short
SunX ETH-USDT+0.0100%8h2,734.1−0.069%$959K$11.4M100xas long as short
HTX ETH-USDT+0.0100%8h2,734.2−0.065%$1.06B$1.18B200xas long as short
Phemex ETHUSDT+0.0100%8h2,734.4−0.057%$265.7M$65.2M150xas long as short
Extended ETH-USD+0.0104%1h2,733.5−0.092%$30.6M$72.4M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,735.7−0.010%$51.2M$4.26B50xas long as short
Aftermath Perps ETHUSD+0.0120%1h2,738.6+0.095%$30K$20K20xas long as short
Kalshi KXETHPERPshort+0.0156%8h2,735.5−0.018%$7.7M$673.3M4.9x
Deribit ETH-PERPETUAL+0.0185%1h2,7360.000%$260.0M$194.7M50xas long as short
Orderly PERP_ETH_USDC+0.0194%8h2,736.6+0.020%$32.2M$11.4M100xas long as short
BloFin ETH-USDT+0.0211%8h2,735.5−0.018%$285.2M$172.6M150xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,735.1−0.033%$85.4M$310.4M100xas long as short
Reya ETHRUSDPERP+0.0224%1h2,733.9−0.077%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,736.9+0.031%$251K$1.4M20xas long as short
Bluefin ETH-PERP+0.1204%1h2,735−0.036%$21K$20K25xas long as short