Settings8H · net · $10k
Funding arb · Price arb /

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.015%
Price spread now: Polymarket Perps against Bitget+0.267%50s7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$590.594% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.005%−$1 on $10k
Price spread, last 4 days (all we have)−0.659%−$66 · spread now +0.267%, 7d avg +0.080%
Together, before fees−0.664%−$66 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: Polymarket Perps is 0.188% dearer against Bitget than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.080%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ETHFIUSDT0.70710.0100pay 0.0050% / 4h54m 32s$6.1M$5.2M75x
ShortPolymarket Perps ETHFI-USD0.70900.0100get 0.0013% / 1h54m 32s$70K$118K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bitget. 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: +0.267% → +0.080%
$18.77
Slippage, 4 orders
−$39.37
Fee Bitget: 6 bp × 2 orders
−$12
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$40.6
Costs to cover
0.594%
Break-even
never at this rate
Slippage from Bitget: live order book, 4 min ago; Polymarket Perps: live order book, 33 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 Bitget live order book, 4 min ago2.83 bp14.4 bp −$1432.0 bp −$320doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 33 min ago3.52 bp18.8 bp −$19doesn't fitdoesn't fitdoesn't fit

ETHFI on 24 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
Deribit ETHFI_USDC-PERPETUAL−0.0739%1h0.7072+0.014%$40K$12K10xas long as short
Orderly PERP_ETHFI_USDC−0.0208%4h0.7070−0.014%$16K$1K10xas long as short
HTX ETHFI-USDT−0.0068%4h0.7059−0.170%$87K$168K20xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+2.390%$321$51K5.5xas long as short
Kraken Futures PF_ETHFIUSD+0.0044%1h0.7081+0.135%$263K$212K20xas long as short
Paradex ETHFI-USD-PERP+0.0071%8h0.7070−0.020%$6K5xas long as short
Lighter ETHFI+0.0096%1h0.7082+0.158%$1.1M$878K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7080+0.124%$17.6M$7.9M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7075+0.063%$181K$258K10xas long as short
Binance ETHFIUSDT+0.0100%4h0.7068−0.042%$24.6M$35.5M75xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHFIUSDT+0.0100%4h0.7067−0.057%$17.7M$12.6M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7068−0.042%$5.0M$12.2M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7075+0.057%$1.7M$1.9M75xas long as short
MEXC ETHFI_USDT+0.0100%4h0.7072+0.014%$15.8M$3.9M125xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7074+0.042%$1.2M$241K50xas long as short
Bitget ETHFIUSDTlong+0.0100%4h0.7071long leg$6.1M$5.2M75x
BingX ETHFI-USDT+0.0100%4h0.7074+0.042%$26.0Mas long as short
Variational Omni ETHFI+0.0100%4h0.7085+0.203%$1.0M$703Kas long as short
Polymarket Perps ETHFI-USDshort+0.0100%1h0.7090+0.267%$70K$118K5x
SunX ETHFI-USDT+0.0100%4h0.7081+0.141%$2K$1.1M20xas long as short
Extended ETHFI-USD+0.0104%1h0.7069−0.031%$96K$378K10xas long as short
Aevo ETHFI-PERP+0.0104%1h0.7070−0.014%$8K3xas long as short
BloFin ETHFI-USDT+0.0340%4h0.7068−0.042%$1.2M$245K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0624%1h0.7095+0.339%$31K$6K50xas long as short