Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000004994 | +0.0100 | pay 0.0013% / 1h | 33m 19s | $333K | $370K | 10x | Long Polymarket Perps | |
| SHORT | 0.000005002 | −0.0621 | pay 0.0621% / 8h | 5h 33m | $37.4M | $95.3M | 75x | Short Bitget |
Price gap+0.160%
Funding gap−0.0721% /8h
The gap pays +$13 on $10k if it goes back to its 7d average, but funding costs $22 a day and eats that in about 14 hours. At the last 7 days' pace that is about 2.2 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$40−0.0721% /8h now · paid −0.403% over the last 7D
Price+$13spread +0.160% now, avg +0.035% → +0.125% if it goes back
Costs−$390.393% of $10k · taker + slippage, in and out
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.403% in total, about −0.0192%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.160%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hPEPE on 39 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- OK: Fits both order books8.0 / 9.2 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,000 + $133Polymarket Perps 10x, Bitget 75x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$21.63Long Polymarket Perps: 24 payments, −$3.00; short Bitget: 3 payments, −$18.63.
- OK: Entry gap works for you+0.160% vs +0.035%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$333K vs $37.4M OIPolymarket Perps sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPolymarket Perps No · Bitget YesKYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0192%/8h × 21 periods−$40.35
Price spread+0.160% → +0.035% (7d avg)+$12.51
Slippage, 4 orderslive order books−$19.28
Fee Polymarket Perps bp × 2 orders−$8.00
Fee Bitget bp × 2 orders−$12.00
Net · 7 days · $10k−$67.12
Costs to cover0.393%Break-evennever at this rate
Slippage: Polymarket Perps: live order book, 19 min ago; Bitget: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPolymarket Perps4.018.0 bp−$89.6 bp−$96doesn’t fitdoesn’t fit
SELL · SHORTBitget0.909.2 bp−$920.4 bp−$20448.3 bp−$4,834117.2 bp−$58.6K
Closing costs about the same again.
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