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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 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%
Price spread now: SunX against Polymarket Perps−0.041%7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$200.202% of the position
Long on Polymarket PerpsShort on SunX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.002%$0 on $10k
Price spread, last 3 days (all we have)−0.058%−$6 · spread now −0.041%, 7d avg −0.032%
Together, before fees−0.056%−$6 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps ETH-USD2,770.60.0100pay 0.0013% / 1h9m 03s$10.6M$8.0M50x
ShortSunX ETH-USDT2,769.50.0100get 0.0100% / 8h9m 03s$972K$13.9M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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: −0.041% → −0.032%
−$0.9
Slippage, 4 orders
−$4.16
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee SunX: 4 bp × 2 orders
−$8
Net
−$21.06
Costs to cover
0.202%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 5 min ago; SunX: live order book, 10 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, 5 min ago0.18 bp4.5 bp −$44.5 bp −$4510.8 bp −$1,076doesn't fit
Sell SunX live order book, 10 min ago1.66 bp5.7 bp −$65.8 bp −$587.4 bp −$7399.5 bp −$4,746

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−0.0223%43m2,770.2−0.015%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,769.8−0.029%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,762.1−0.307%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,772.5+0.069%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0023%1h2,770.5−0.004%$8.7M$32.9M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,770.1−0.018%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,771.3+0.025%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,771.5+0.032%$876K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,771.4+0.029%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0021%8h2,771.2+0.021%$1.71B$11.88B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,771.3+0.025%$12.8M—200xas long as short
Phemex ETHUSDT+0.0026%8h2,769.7−0.034%$270.0M$68.8M150xas long as short
Aftermath Perps ETHUSD+0.0028%1h2,771.6+0.036%$29K$22K20xas long as short
Aster ETHUSDT+0.0031%8h2,771.1+0.019%$255.8M$1.00B200xas long as short
SoDEX ETH-USD+0.0031%1h2,770−0.022%$55.2M$228.8M40xas long as short
Bullet ETH-USD+0.0037%1h2,770.6+0.002%$181K$1.7M20xas long as short
Binance ETHUSDT+0.0056%8h2,770.9+0.012%$6.45B$17.30B150xas long as short
MEXC ETH_USDT+0.0056%8h2,770.2−0.013%$1.62B$2.66B500xas long as short
Aevo ETH-PERP+0.0056%1h2,771.6+0.037%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0065%8h2,771.2+0.020%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0067%8h2,770.9+0.012%$3.29B$9.69B200xas long as short
KuCoin ETHUSDTM+0.0081%8h2,770.6+0.001%$421.2M$738.6M100xas long as short
Deribit ETH-PERPETUAL+0.0082%1h2,771.6+0.036%$259.0M$222.1M50xas long as short
Bybit ETHUSDT+0.0088%8h2,771.7+0.040%$2.51B$4.62B150xas long as short
BingX ETH-USDC+0.0088%8h2,770.3−0.011%—$17.5M—as long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,772+0.049%$60.3M$4.59B50xas long as short
HTX ETH-USDT+0.0094%8h2,769.8−0.028%$1.08B$1.32B200xas long as short
Nado ETH-PERP+0.0096%1h2,769.4−0.044%$14.3M$118.2M50xas long as short
Lighter ETH+0.0096%1h2,770.7+0.003%$115.1M$500.7M50xas long as short
Lighter RH ETH+0.0096%1h2,772.2+0.058%$25.3M$122.0M50xas long as short
Vest ETH-PERP+0.0096%1h2,770.5−0.005%—$1.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,769.1−0.054%$15.9M$10.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,769.7−0.032%$475K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,773.1+0.090%$3.17B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,770.1−0.017%$31.2M$316.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,769.9−0.025%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,770.5−0.003%$2.7M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.4−0.043%$169.4M$262.8M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,770.8+0.006%$15.1M$44.2M50xas long as short
Variational Omni ETH+0.0100%8h2,768.4−0.078%$147.1M$335.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,770−0.022%$181.8M$783.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,768.7−0.068%$161.0M$89.8M50xas long as short
StandX ETH-USD+0.0100%1h2,770.5−0.004%$21.4M$58.6M40xas long as short
Polymarket Perps ETH-USDlong+0.0100%1h2,770.6long leg$10.6M$8.0M50x
Bluefin ETH-PERP+0.0100%1h2,771.2+0.023%$21K$24K25xas long as short
SunX ETH-USDTshort+0.0100%8h2,769.5−0.041%$972K$13.9M100x
Derive ETH-PERP+0.0100%1h2,773.2+0.094%$42.7M$29.4M15xas long as short
Extended ETH-USD+0.0104%1h2,770.6−0.001%$32.5M$78.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,771.1+0.018%—$43.8M500xas long as short
Kalshi KXETHPERP+0.0105%8h2,771.1+0.018%$8.1M$687.9M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,771.4+0.030%$90.4M$338.6M100xas long as short
Orderly PERP_ETH_USDC+0.0143%8h2,773.4+0.100%$32.6M$12.2M100xas long as short
BloFin ETH-USDT+0.0176%8h2,770.7+0.004%$286.6M$194.4M150xas long as short
Reya ETHRUSDPERP+0.0205%1h2,770.1−0.017%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0208%1h2,771.8+0.044%$252K$1.6M20xas long as short