Settings8H · net · $10k
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
Funding arb · Price arb / RWA

POLYMARKET

RWAAll POLYMARKET markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONGGatePOLYMARKET_USDT21.7930get 0.0000% / 8h4h 01m$763K$789K10xLong Gate
SHORTBitgetPOLYMARKETUSDT21.911−0.1183pay 0.1183% / 8h4h 01m$1.2M$5.7M10xShort Bitget
Price gap+0.541%
Funding gap−0.1183% /8h

Both sides work against this direction now: funding costs $35 a day on $10k and the gap is 0.333% under its 7d average. Swap the legs.

Funding you earn now−0.1183% /8hpaid last 24h −0.017% · next 16:00 UTC
Price spread now+0.541%7d average +0.875% · you sell dearer than you buy
Net 7d · $10k—Paid 7d −$21d − costs $687 · under 7 days of funding history
Net, price · $10k−$721spread back to 7d avg − costs · as in Price arb
Costs, in and out · $10k−$6876.875% of a $10k position

The current funding rate is far above what this pair has been paying: over the last 1 day it paid −0.017% in total, about −0.0048%/8h on average.

Funding, last

1 day, all we have−0.017%−$2 on $10k
Price spread, last 1 day of 7D (all we have)−0.359%−$36 · now +0.541%, avg +0.875%
Together, before fees−0.376%−$38no pointsWith fees, hour by hour → backtest

Funding history

you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.

Price spread between the two exchanges

Bitget price against Gatenow
RANGE STATS · 7D
Now+0.541%
Average—
Range—
Wider than now—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

POLYMARKET on 5 exchanges

lowest funding first

Before you open

1 ok · 4 to watch
  • Watch: Thin at this size312.3 / 11.8 bp
    At $10k Gate’s book costs 312.3 bp to enter, 26.4× Bitget’s.
  • Note: Margin at max leverage$1,000 + $1,000
    Gate 10x, Bitget 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval8h / 8h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: −$35.49Long Gate: 3 payments, $0.00; short Bitget: 3 payments, −$35.49.
  • Watch: Gap narrower than usual+0.541% vs +0.875%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Long leg is thinner$763K vs $1.2M OI
    Gate sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCGate Yes · Bitget Yes
    KYC before the futures account opens; unverified accounts can only withdraw and close positions.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0048%/8h × 21 periods−$10.03
Price spread+0.541% → +0.875% (7d avg)−$33.35
Slippage, 4 orderslive order books−$660.48
Fee Gate bp × 2 orders−$15.00
Fee Bitget bp × 2 orders−$12.00
Net · 7 days · $10k−$730.86
Costs to cover6.875%Break-evennever at this rate
Slippage: Gate: live order book, 39 min ago; Bitget: live order book, 1 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGGate20.16312.3 bp−$312doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBitget1.3711.8 bp−$1220.3 bp−$203doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

Measured