Funding you earn now, next payment 03:00 UTC−0.0452%/8h= −49.5% APRpaid last 24h −0.004%
Price spread now: Binance against Polymarket Perps−0.286%7-day average −0.106% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$510.508% of the position
Funding, last 7 days+0.044%+$4 on $10k
+Price spread, last 4 days (all we have)+0.606%+$61 · spread now −0.286%, 7d avg −0.106%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Binance is 0.179% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.106%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.044% in total (about 2.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps ETHFI-USD | 0.7150 | 0.0552 | pay 0.0069% / 1h | 43m 22s | $71K | $118K | 5x |
| Short | Binance ETHFIUSDT | 0.7129 | 0.0100 | get 0.0050% / 4h | 1h 43m | $24.8M | $35.7M | 75x |
Polymarket Perps ETHFI-USD
Binance ETHFIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$94.92
- Price spread: −0.286% → −0.106%
- −$17.93
- Slippage, 4 orders
- −$32.79
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$163.65
- Costs to cover
- 0.508%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 50 min ago; Binance: live order book, 13 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 Polymarket Perps live order book, 50 min ago | 4.81 bp | 11.4 bp −$11 | 1619.6 bp −$16.2K | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 0.70 bp | 17.0 bp −$17 | 40.1 bp −$401 | 169.0 bp −$16.9K | 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 | −0.0311% | 1h | 0.7131 | −0.264% | $40K | $13K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0199% | 4h | 0.7128 | −0.306% | $16K | $1K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0006% | 4h | 0.7101 | −0.684% | $87K | $168K | 20x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.260% | $321 | $51K | 5.5x | as long as short |
| Variational Omni ETHFI | +0.0058% | 4h | 0.7092 | −0.806% | $1.0M | $731K | — | as long as short |
| Paradex ETHFI-USD-PERP | +0.0068% | 8h | 0.7124 | −0.368% | $6K | — | 5x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7131 | −0.259% | $1.1M | $888K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7133 | −0.243% | $17.8M | $8.1M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7131 | −0.270% | $182K | $256K | 10x | as long as short |
| Binance ETHFIUSDTshort | +0.0100% | 4h | 0.7129 | −0.286% | $24.8M | $35.7M | 75x |
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
HTX ETHFI-USDT
Injective ETHFI/USDC PERP
Variational Omni ETHFI
Paradex ETHFI-USD-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7132 | −0.250% | $17.9M | $12.6M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7133 | −0.236% | $5.1M | $12.3M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7133 | −0.236% | $1.7M | $2.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7125 | −0.348% | $15.4M | $3.9M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7128 | −0.306% | $1.2M | $253K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7128 | −0.306% | $6.1M | $5.3M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7132 | −0.250% | — | $1.2M | — | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7134 | −0.222% | $1K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7128 | −0.312% | $99K | $381K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7127 | −0.325% | $8K | — | 3x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0306% | 1h | 0.7133 | −0.233% | $270K | $200K | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0340% | 4h | 0.7096 | −0.754% | $1.2M | $248K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0512% | 1h | 0.7253 | +1.442% | $32K | $6K | 50x | as long as short |
| Polymarket Perps ETHFI-USDlong | +0.0552% | 1h | 0.7150 | long leg | $71K | $118K | 5x |
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
Kraken Futures PF_ETHFIUSD
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX