Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0285%/8h= −31.2% APRpaid last 24h −0.017%

Price spread now: Polymarket Perps against Binance+0.350%7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs+$11as in the Price arb table

costs, in and out, $10k−$260.261% of the position

Long on Binance Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.387%−$39 on $10k

Price spread, last 7 days−0.296%−$30 · spread now +0.350%, 7d avg −0.022%

Together, before fees−0.683%−$68 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.372% dearer against Binance than usual: you sell high and buy low (spread +0.350% now, against its 7-day average of −0.022%): +$37 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 4.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ARBUSDT	0.2258	0.0016	pay 0.0016% / 8h	23m 45s	$66.3M	$313.2M	75x
Short	Polymarket Perps ARB-USD	0.2266	−0.0269	pay 0.0034% / 1h	23m 45s	$74K	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee Polymarket PerpsbpOrdersPrice spread, now +0.350%Rate

Funding earned: −$59.79
Price spread: +0.350% → −0.022%: $37.24
Slippage, 4 orders: −$8.11
Fee Binance: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$48.67
Costs to cover: 0.261%
Break-even: from the start

Slippage from Binance: live order book, 5 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 Binance live order book, 5 min ago	0.22 bp	6.3 bp −$6	20.9 bp −$209	71.6 bp −$7,156	doesn't fit
Sell Polymarket Perps live order book, 5 min ago	2.63 bp	6.8 bp −$7	9.7 bp −$97	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	−0.1785%	1h	0.2261	+0.151%	$41K	$372K	12x	as long as short
Polymarket Perps ARB-USDshort	−0.0269%	1h	0.2266	+0.350%	$74K	$2.0M	10x
Deribit ARB_USDC-PERPETUAL	−0.0191%	1h	0.2266	+0.372%	$26K	$32K	25x	as long as short
Variational Omni ARB	−0.0183%	8h	0.2274	+0.717%	$2.0M	$2.8M	—	as long as short
01 Exchange ARBUSD	−0.0176%	1h	0.2266	+0.363%	$7K	$2K	10x	as long as short
Bybit ARBUSDT	−0.0162%	8h	0.2253	−0.186%	$58.1M	$128.4M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0109%	8h	0.2254	−0.173%	$22.8M	$159.0M	50x	as long as short
MEXC ARB_USDT	−0.0108%	8h	0.2257	−0.044%	$37.8M	$59.8M	200x	as long as short
SoDEX ARB-USD	−0.0068%	1h	0.2265	+0.332%	$10K	$2.6M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0038%	8h	0.2266	+0.372%	$13K	$395K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2269	+0.492%	$67K	$4K	10x	as long as short
Gate ARB_USDT	+0.0002%	8h	0.2257	−0.044%	$5.4M	$20.2M	60x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2267	+0.411%	$55K	—	150x	as long as short
Binance ARBUSDTlong	+0.0016%	8h	0.2258	long leg	$66.3M	$313.2M	75x
Extended ARB-USD	+0.0016%	1h	0.2258	+0.004%	$361K	$2.3M	25x	as long as short
Bitget ARBUSDT	+0.0063%	8h	0.2253	−0.204%	$21.2M	$36.0M	50x	as long as short
BloFin ARB-USDT	+0.0064%	8h	0.2268	+0.470%	$3.2M	$2.8M	75x	as long as short
BingX ARB-USDC	+0.0066%	8h	0.2253	−0.217%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2268	+0.443%	$148K	$12K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2257	−0.040%	$1.4M	$7.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2256	−0.058%	$40.6M	$47.5M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2260	+0.104%	$704K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2269	+0.485%	$48K	$184K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2260	+0.093%	$19.6M	$16.1M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2279	+0.935%	$40K	$460K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2274	+0.727%	$486K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2281	+1.036%	$123K	$295K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2269	+0.505%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2263	+0.221%	$289K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2260	+0.106%	$5.2M	$13.1M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0216%	1h	0.2263	+0.239%	$509K	$2.3M	50x	as long as short
Kraken Futures PF_ARBUSD	+0.0236%	1h	0.2266	+0.367%	$1.2M	$4.9M	50x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2265	+0.323%	$2K	$695	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0296% / S −0.0186%	1h	0.2267	+0.400%	$926K	—	150x	as long as short
RISEx ARB/USDC	+0.0330%	1h	0.2269	+0.501%	$515K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0473%	1h	0.2264	+0.270%	$1.0M	$2.9M	20x	as long as short