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

ETHFI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%
Price spread now: Polymarket Perps against Gate−0.175%7-day average · you buy dearer than you sell
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$760.763% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.031%+$3 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.175% cheaper against Gate than usual: you would sell low and buy high, −$18 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ETHFI_USDT0.71860.0100pay 0.0050% / 4h3h 20m$1.7M$2.0M75x
ShortPolymarket Perps ETHFI-USD0.71730.0100get 0.0013% / 1h20m 52s$71K$116K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Gate. 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: −0.175% → 0.000%
−$17.53
Slippage, 4 orders
−$53.29
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$93.82
Costs to cover
0.763%
Break-even
never at this rate
Slippage from Gate: live order book, 2 min ago; Polymarket Perps: live order book, 17 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 Gate live order book, 2 min ago4.16 bp23.8 bp −$24217.2 bp −$2,172doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 17 min ago4.80 bp8.8 bp −$9doesn'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
HTX ETHFI-USDT−0.0850%4h0.7171−0.209%$83K$159K20xas long as short
Deribit ETHFI_USDC-PERPETUAL−0.0585%1h0.7178−0.111%$41K$13K10xas long as short
Orderly PERP_ETHFI_USDC−0.0203%4h0.7174−0.167%$16K$1K10xas long as short
Variational Omni ETHFI−0.0038%4h0.7177−0.121%$1.0M$725Kas long as short
Paradex ETHFI-USD-PERP−0.0011%8h0.7175−0.158%$6K5xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+0.751%$321$51K5.5xas long as short
MEXC ETHFI_USDT+0.0058%4h0.7181−0.070%$15.3M$3.8M125xas long as short
Binance ETHFIUSDT+0.0061%4h0.7181−0.070%$25.1M$36.6M75xas long as short
Extended ETHFI-USD+0.0064%1h0.7176−0.135%$100K$392K10xas long as short
Lighter ETHFI+0.0096%1h0.71860.000%$1.1M$894K5xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo ETHFI-PERP+0.0096%1h0.7177−0.122%$9K3xas long as short
Hyperliquid ETHFI+0.0100%1h0.7190+0.054%$18.0M$8.6M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7181−0.073%$183K$256K10xas long as short
Bybit ETHFIUSDT+0.0100%4h0.71860.000%$18.2M$12.7M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7189+0.042%$5.0M$12.4M20xas long as short
Gate ETHFI_USDTlong+0.0100%4h0.7186long leg$1.7M$2.0M75x
KuCoin ETHFIUSDTM+0.0100%4h0.7177−0.125%$1.2M$264K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7179−0.097%$6.1M$5.6M75xas long as short
BingX ETHFI-USDT+0.0100%4h0.71860.000%$26.1Mas long as short
Polymarket Perps ETHFI-USDshort+0.0100%1h0.7173−0.175%$71K$116K5x
SunX ETHFI-USDT+0.0100%4h0.7182−0.056%$2K$1.1M20xas long as short
Coinbase International ETHFI-PERP-INTX+0.0168%1h0.7237+0.710%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0220%1h0.7180−0.087%$273K$166K20xas long as short
BloFin ETHFI-USDT+0.0245%4h0.7185−0.014%$1.3M$272K75xas long as short