Funding you earn now, next payment 07:00 UTC−0.0353%/8h= −38.7% APRnext payment −$0.44 per $10,000 · paid last 24h −0.035%
Price spread now: Polymarket Perps against ApeX Omni−0.072%63s7-day average −0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$520.519% of the position
Funding, last 7 days−0.504%−$50 on $10k
+Price spread, last 4 days (all we have)−0.026%−$3 · spread now −0.072%, 7d avg −0.051%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Polymarket Perps is 0.021% cheaper against ApeX Omni than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.051%). Swap the legs. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni ARBUSDT | 0.2210 | 0.0100 | pay 0.0013% / 1h | 48m 16s | $119K | $282K | 50x |
| Short | Polymarket Perps ARB-USD | 0.2208 | −0.0253 | pay 0.0032% / 1h | 48m 16s | $67K | $2.1M | 10x |
ApeX Omni ARBUSDT
Polymarket Perps ARB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against ApeX Omni. 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
- −$74.14
- Price spread: −0.072% → −0.051%
- −$2.15
- Slippage, 4 orders
- −$33.87
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$128.16
- Costs to cover
- 0.519%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 59 min ago; Polymarket Perps: live order book, 5 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 ApeX Omni live order book, 59 min ago | 9.18 bp | 19.7 bp −$20 | 111.7 bp −$1,117 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 5 min ago | 2.94 bp | 6.9 bp −$7 | 8.2 bp −$82 | doesn't fit | doesn't fit |
ARB on 36 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective ARB/USDC PERP | −0.1592% | 1h | 0.2200 | −0.452% | $40K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USDshort | −0.0253% | 1h | 0.2208 | −0.072% | $67K | $2.1M | 10x | |
| Deribit ARB_USDC-PERPETUAL | −0.0157% | 1h | 0.2209 | −0.036% | $28K | $38K | 25x | as long as short |
| SoDEX ARB-USD | −0.0080% | 1h | 0.2208 | −0.086% | $9K | $2.2M | 5x | as long as short |
| OKX ARB-USDT-SWAP | −0.0071% | 8h | 0.2208 | −0.109% | $22.1M | $146.5M | 50x | as long as short |
| MEXC ARB_USDT | −0.0070% | 8h | 0.2208 | −0.068% | $41.7M | $61.6M | 200x | as long as short |
| Variational Omni ARB | −0.0070% | 8h | 0.2210 | −0.005% | $1.8M | $3.0M | — | as long as short |
| 01 Exchange ARBUSD | −0.0064% | 1h | 0.2209 | −0.041% | $7K | $236 | 10x | as long as short |
| Orderly PERP_ARB_USDC | −0.0045% | 8h | 0.2210 | 0.000% | $12K | $406K | 10x | as long as short |
| Bybit ARBUSDT | −0.0028% | 8h | 0.2208 | −0.072% | $54.4M | $126.5M | 50x | as long as short |
Injective ARB/USDC PERP
Deribit ARB_USDC-PERPETUAL
SoDEX ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Variational Omni ARB
01 Exchange ARBUSD
Orderly PERP_ARB_USDC
Bybit ARBUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2213 | +0.128% | $65K | $5K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2210 | −0.019% | $44K | — | 150x | as long as short |
| RISEx ARB/USDC | +0.0056% | 1h | 0.2210 | −0.004% | $467K | $2.6M | 10x | as long as short |
| Bitget ARBUSDT | +0.0058% | 8h | 0.2208 | −0.090% | $21.2M | $34.8M | 50x | as long as short |
| Gate ARB_USDT | +0.0067% | 8h | 0.2208 | −0.081% | $5.4M | $18.3M | 60x | as long as short |
| Binance ARBUSDT | +0.0095% | 8h | 0.2209 | −0.060% | $63.1M | $302.0M | 75x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2209 | −0.059% | $1.3M | $5.5M | 15x | as long as short |
| Extended ARB-USD | +0.0096% | 1h | 0.2207 | −0.131% | $352K | $2.8M | 25x | as long as short |
| BingX ARB-USDT | +0.0096% | 8h | 0.2208 | −0.068% | — | $53.0M | — | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2210 | +0.023% | $37.4M | $49.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2211 | +0.039% | $634K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2213 | +0.118% | $43K | $150K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2210 | −0.018% | $19.7M | $14.3M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2209 | −0.049% | $39K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2209 | −0.032% | $480K | $3.7M | 10x | as long as short |
| ApeX Omni ARBUSDTlong | +0.0100% | 1h | 0.2210 | long leg | $119K | $282K | 50x | |
| SunX ARB-USDT | +0.0100% | 8h | 0.2210 | 0.000% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2211 | +0.050% | $295K | $873K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2208 | −0.090% | $5.0M | $12.9M | 50x | as long as short |
| Aevo ARB-PERP | +0.0104% | 1h | 0.2210 | −0.014% | $140K | $7K | 3x | as long as short |
| BloFin ARB-USDT | +0.0213% | 8h | 0.2213 | +0.158% | $3.1M | $2.4M | 75x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0231% | 1h | 0.2210 | −0.004% | $1.1M | $4.5M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0158% | 1h | 0.2209 | −0.029% | $834K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2218 | +0.362% | $518K | $1.6M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2208 | −0.112% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0619% | 1h | 0.2218 | +0.385% | $995K | $2.8M | 20x | as long as short |
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
RISEx ARB/USDC
Bitget ARBUSDT
Gate ARB_USDT
Binance ARBUSDT
Lighter ARB
Extended ARB-USD
BingX ARB-USDT
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Aevo ARB-PERP
BloFin ARB-USDT
Kraken Futures PF_ARBUSD
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP