Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.003%
Price spread now: Bybit against Polymarket Perps+0.006%7-day average +0.096% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$530.531% of the position
Funding, last 7 days−0.093%−$9 on $10k
+Price spread, last 7 days−0.124%−$12 · spread now +0.006%, 7d avg +0.096%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.089% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.096%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps ARM-USD | 326.06 | 0.0050 | pay 0.0006% / 1h | 57m 50s | $378K | $1.3M | 10x |
| Short | Bybit ARMUSDT | 326.08 | 0 | get 0.0000% / 8h | 3h 57m | $1.9M | $2.1M | 25x |
Polymarket Perps ARM-USD
Bybit ARMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$10.5
- Price spread: +0.006% → +0.096%
- −$8.95
- Slippage, 4 orders
- −$34.13
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$72.58
- Costs to cover
- 0.531%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, just now; Bybit: live order book, 4 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, just now | 2.91 bp | 8.6 bp −$9 | 9.7 bp −$97 | 16.5 bp −$1,646 | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.46 bp | 16.2 bp −$16 | 90.5 bp −$905 | doesn't fit | doesn't fit |
ARM 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX ARMUSDC | −0.0885% | 4h | 326.48 | +0.127% | $35K | $350K | 10x | as long as short |
| BloFin ARM-USDT | −0.0004% | 8h | 326.08 | +0.006% | $127K | $49K | 20x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 326.46 | +0.122% | $7K | $126K | 20x | as long as short |
| Extended ARM-USD | 0.0000% | 1h | 326.14 | +0.023% | $41K | $271K | 10x | as long as short |
| Binance ARMUSDT | 0.0000% | 8h | 326.22 | +0.050% | $8.6M | $50.2M | 20x | as long as short |
| Bybit ARMUSDTshort | 0.0000% | 8h | 326.08 | +0.006% | $1.9M | $2.1M | 25x | |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 325.90 | −0.049% | $1.7M | $6.6M | 20x | as long as short |
| Bitget ARMUSDT | 0.0000% | 8h | 326.35 | +0.089% | $1.8M | $3.9M | 20x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 326.54 | +0.148% | $212K | $298K | — | as long as short |
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 326.57 | +0.155% | $291 | $204K | 10x | as long as short |
edgeX ARMUSDC
BloFin ARM-USDT
Aster ARMUSDT
Extended ARM-USD
Binance ARMUSDT
OKX ARM-USDT-SWAP
Bitget ARMUSDT
Variational Omni ARM
GRVT ARM_USDT_PerpShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX ARM-USDT | 0.0000% | 8h | 326.02 | −0.012% | $975 | $2.7M | 10x | as long as short |
| Deribit ARM_USDC-PERPETUAL | 0.0000% | 1h | 326.14 | +0.025% | $12K | $59K | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 325.95 | −0.034% | $18K | $16K | 20x | as long as short |
| QFEX ARM-USD | +0.0014% | 1h | 326.13 | +0.021% | $1.1M | $3.8M | 10x | as long as short |
| Lighter ARM | +0.0032% | 1h | 326.06 | 0.000% | — | — | 10x | as long as short |
| Gate ARM_USDT | +0.0044% | 8h | 326.06 | 0.000% | $1.5M | $4.3M | 50x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 326.20 | +0.043% | — | — | 10x | as long as short |
| Polymarket Perps ARM-USDlong | +0.0050% | 1h | 326.06 | long leg | $378K | $1.3M | 10x | |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 326.22 | +0.049% | $196K | $415K | 10x | as long as short |
| tradeXYZ xyz:ARM | +0.0098% | 1h | 326.10 | +0.012% | $8.2M | $8.8M | 10x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0128% | 1h | 326.05 | −0.003% | $98K | $308K | 10x | as long as short |
| Phoenix ARM | +0.0195% | 1h | 326.24 | +0.055% | $5K | $444K | 10x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 330.01 | +1.211% | $5K | $50K | 12x | as long as short |
| KuCoin ARMUSDTM | +0.0277% | 8h | 326.20 | +0.043% | $2.3M | $118K | 20x | as long as short |
SunX ARM-USDT
Deribit ARM_USDC-PERPETUAL
HTX ARM-USDT
QFEX ARM-USD
Lighter ARM
Gate ARM_USDT
Vest ARM-USD-PERP
Ondo Perps ARM-USD.P
tradeXYZ xyz:ARM
Coinbase International ARM-PERP-INTX
Phoenix ARM
Injective ARM/USDC PERP
KuCoin ARMUSDTM