Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0057%/8h= −6.3% APRpaid last 24h −0.010%

Price spread now: Polymarket Perps against Gate−0.183%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$510.513% of the position

Long on Gate Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.353%−$35 on $10k

Price spread, last 7 days+0.167%+$17 · spread now −0.183%, 7d avg −0.010%

Together, before fees−0.186%−$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Polymarket Perps is 0.173% cheaper against Gate than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.010%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ARB_USDT	0.2236	0.0006	pay 0.0006% / 8h	2h 10m	$5.5M	$21.6M	60x
Short	Polymarket Perps ARB-USD	0.2232	−0.0051	pay 0.0006% / 1h	10m 11s	$77K	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Gate. 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 GatebpFee Polymarket PerpsbpOrdersPrice spread, now −0.183%Rate

Funding earned: −$12.05
Price spread: −0.183% → −0.010%: −$17.34
Slippage, 4 orders: −$28.29
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$80.68
Costs to cover: 0.513%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; Polymarket Perps: 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 Gate live order book, 4 min ago	2.02 bp	22.1 bp −$22	31.2 bp −$312	107.6 bp −$10.8K	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	2.02 bp	6.0 bp −$6	9.0 bp −$90	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	−0.1675%	1h	0.2214	−0.984%	$40K	$197K	12x	as long as short
01 Exchange ARBUSD	−0.0272%	1h	0.2228	−0.340%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0159%	8h	0.2225	−0.479%	$1.9M	$2.8M	—	as long as short
Bybit ARBUSDT	−0.0145%	8h	0.2235	−0.067%	$56.4M	$135.9M	50x	as long as short
SoDEX ARB-USD	−0.0111%	1h	0.2234	−0.072%	$4K	$2.9M	5x	as long as short
OKX ARB-USDT-SWAP	−0.0105%	8h	0.2233	−0.125%	$22.3M	$164.4M	50x	as long as short
MEXC ARB_USDT	−0.0104%	8h	0.2236	−0.004%	$37.1M	$63.9M	200x	as long as short
Kraken Futures PF_ARBUSD	−0.0053%	1h	0.2236	+0.021%	$1.1M	$5.3M	50x	as long as short
Polymarket Perps ARB-USDshort	−0.0051%	1h	0.2232	−0.183%	$77K	$2.2M	10x
Orderly PERP_ARB_USDC	−0.0021%	8h	0.2235	−0.045%	$10K	$388K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ARBUSDT	−0.0017%	8h	0.2235	−0.036%	$63.6M	$324.6M	75x	as long as short
Extended ARB-USD	−0.0016%	1h	0.2234	−0.068%	$355K	$2.4M	25x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2229	−0.320%	$66K	$4K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2237	+0.045%	$38K	$20K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2236	−0.002%	$56K	—	150x	as long as short
Gate ARB_USDTlong	+0.0006%	8h	0.2236	long leg	$5.5M	$21.6M	60x
Aevo ARB-PERP	+0.0080%	1h	0.2237	+0.041%	$146K	$12K	3x	as long as short
Bitget ARBUSDT	+0.0089%	8h	0.2235	−0.045%	$20.9M	$38.2M	50x	as long as short
BingX ARB-USDC	+0.0089%	8h	0.2233	−0.130%	—	$6.5M	—	as long as short
Lighter ARB	+0.0096%	1h	0.2235	−0.027%	$1.3M	$7.8M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2235	−0.049%	$39.8M	$53.0M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2234	−0.084%	$693K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2228	−0.339%	$47K	$199K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2236	+0.004%	$20.6M	$16.9M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2230	−0.272%	$39K	$458K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2227	−0.390%	$480K	$4.1M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2231	−0.224%	$121K	$297K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2227	−0.403%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2235	−0.027%	$275K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2235	−0.045%	$5.2M	$13.7M	50x	as long as short
BloFin ARB-USDT	+0.0102%	8h	0.2227	−0.407%	$3.0M	$3.3M	75x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0154% / S −0.0018%	1h	0.2236	+0.014%	$848K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2249	+0.581%	$504K	$2.5M	50x	as long as short
Reya ARBRUSDPERP	+0.0291%	1h	0.2234	−0.097%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0546%	1h	0.2231	−0.229%	$495K	$2.8M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0557%	1h	0.2239	+0.121%	$1.1M	$2.7M	20x	as long as short