Funding you earn now, next payment 04:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.056%
Price spread now: Polymarket Perps against BloFin−0.178%105s7-day average +0.114% · you buy dearer than you sell
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$540.542% of the position
Funding, last 7 days−0.515%−$52 on $10k
+Price spread, last 4 days (all we have)+0.320%+$32 · spread now −0.178%, 7d avg +0.114%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Polymarket Perps is 0.292% cheaper against BloFin than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of +0.114%). Swap the legs. The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ETHFI-USDT | 0.7067 | 0.0340 | pay 0.0170% / 4h | 51m 27s | $1.2M | $245K | 75x |
| Short | Polymarket Perps ETHFI-USD | 0.7054 | 0.0100 | get 0.0013% / 1h | 51m 27s | $70K | $118K | 5x |
BloFin ETHFI-USDT
Polymarket Perps ETHFI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$50.4
- Price spread: −0.178% → +0.114%
- −$29.18
- Slippage, 4 orders
- −$34.22
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$133.8
- Costs to cover
- 0.542%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 1 min ago; Polymarket Perps: live order book, 37 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BloFin live order book, 1 min ago | 2.13 bp | 14.3 bp −$14 | 32.0 bp −$320 | 93.3 bp −$9,331 | doesn't fit |
| Sell Polymarket Perps live order book, 37 min ago | 3.52 bp | 18.8 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
ETHFI on 24 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0601% | 1h | 0.7047 | −0.283% | $40K | $12K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0209% | 4h | 0.7045 | −0.311% | $16K | $1K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0095% | 4h | 0.7049 | −0.255% | $87K | $168K | 20x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +2.448% | $321 | $51K | 5.5x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0044% | 1h | 0.7056 | −0.155% | $263K | $214K | 20x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0067% | 8h | 0.7039 | −0.391% | $6K | — | 5x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7045 | −0.310% | $1.1M | $878K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7047 | −0.279% | $17.5M | $7.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7043 | −0.333% | $180K | $258K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7041 | −0.365% | $24.5M | $35.6M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
HTX ETHFI-USDT
Injective ETHFI/USDC PERP
Kraken Futures PF_ETHFIUSD
Paradex ETHFI-USD-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7045 | −0.311% | $17.6M | $12.6M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7048 | −0.269% | $5.0M | $12.2M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7047 | −0.283% | $1.7M | $1.9M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7038 | −0.410% | $15.7M | $4.0M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7041 | −0.368% | $1.2M | $242K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7041 | −0.368% | $6.1M | $5.2M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7043 | −0.340% | — | $26.0M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7085 | +0.259% | $1.0M | $703K | — | as long as short |
| Polymarket Perps ETHFI-USDshort | +0.0100% | 1h | 0.7054 | −0.178% | $70K | $118K | 5x | |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7058 | −0.127% | $1K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7036 | −0.437% | $96K | $378K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7043 | −0.337% | $8K | — | 3x | as long as short |
| BloFin ETHFI-USDTlong | +0.0340% | 4h | 0.7067 | long leg | $1.2M | $245K | 75x | |
| Coinbase International ETHFI-PERP-INTX | +0.0624% | 1h | 0.7074 | +0.099% | $31K | $6K | 50x | as long as short |
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Variational Omni ETHFI
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX