Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0273%/8h= +29.9% APRpaid last 24h +0.035%

Price spread now: SunX against Polymarket Perps+0.101%50s7-day average +0.122% · you sell dearer than you buy

Net, funding: paid 7d − costs−$123as 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−$1741.738% of the position

Long on Polymarket Perps Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.513%+$51 on $10k

Price spread, last 4 days (all we have)+0.823%+$82 · spread now +0.101%, 7d avg +0.122%

Together, before fees+1.336%+$134 on $10k · with fees, hour by hour

Funding pays, the price is against you. SunX is 0.021% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread +0.101% now, against its 7-day average of +0.122%). If the spread goes back, that is −$2 on $10k: about 6 hours of funding at the current rate (+$8 a day). The two prices were read 50 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	Polymarket Perps ARB-USD	0.2175	−0.0173	get 0.0022% / 1h	6m 22s	$77K	$1.8M	10x
Short	SunX ARB-USDT	0.2177	0.0100	get 0.0100% / 8h	5h 06m	$2K	$1.0M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 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 Polymarket PerpsbpFee SunXbpOrdersPrice spread, now +0.101%Rate

Funding earned: $57.37
Price spread: +0.101% → +0.122%: −$2.09
Slippage, 4 orders: −$157.81
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$118.53
Costs to cover: 1.738%
Break-even: 21.5 days

Slippage from Polymarket Perps: live order book, 5 min ago; SunX: live order book, 10 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, 5 min ago	1.84 bp	6.3 bp −$6	10.4 bp −$104	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	32.11 bp	96.9 bp −$97	doesn't fit	doesn't fit	doesn't fit

ARB on 36 exchanges

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	−0.1736%	1h	0.2165	−0.451%	$39K	$372K	12x	as long as short
Kraken Futures PF_ARBUSD	−0.0232%	1h	0.2175	−0.007%	$1.1M	$3.8M	50x	as long as short
Bybit ARBUSDT	−0.0196%	8h	0.2175	+0.005%	$53.6M	$117.4M	50x	as long as short
Polymarket Perps ARB-USDlong	−0.0173%	1h	0.2175	long leg	$77K	$1.8M	10x
OKX ARB-USDT-SWAP	−0.0162%	8h	0.2174	−0.023%	$22.6M	$135.2M	50x	as long as short
MEXC ARB_USDT	−0.0160%	8h	0.2175	+0.032%	$43.1M	$62.4M	200x	as long as short
SoDEX ARB-USD	−0.0160%	1h	0.2173	−0.078%	$9K	$2.1M	5x	as long as short
01 Exchange ARBUSD	−0.0136%	1h	0.2176	+0.037%	$7K	$414	10x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0072%	1h	0.2175	+0.005%	$29K	$32K	25x	as long as short
Variational Omni ARB	−0.0068%	8h	0.2173	−0.088%	$1.8M	$2.6M	—	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ARB_USDT	−0.0056%	8h	0.2175	+0.014%	$5.6M	$16.7M	60x	as long as short
Extended ARB-USD	−0.0048%	1h	0.2173	−0.060%	$357K	$2.9M	25x	as long as short
Binance ARBUSDT	−0.0042%	8h	0.2175	+0.024%	$63.7M	$276.2M	75x	as long as short
Orderly PERP_ARB_USDC	−0.0009%	8h	0.2174	−0.037%	$16K	$389K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2174	−0.017%	$63K	$3K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2178	+0.159%	$71K	—	150x	as long as short
Aevo ARB-PERP	+0.0072%	1h	0.2175	+0.009%	$138K	$7K	3x	as long as short
BloFin ARB-USDT	+0.0076%	8h	0.2174	−0.046%	$3.0M	$2.0M	75x	as long as short
Phemex ARBUSDT	+0.0090%	8h	0.2174	−0.037%	$4.6M	$12.5M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2175	+0.032%	$1.3M	$5.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2177	+0.087%	$35.0M	$48.5M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2177	+0.092%	$621K	$1.5M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2176	+0.054%	$53K	$152K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2176	+0.055%	$18.9M	$12.8M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2174	−0.037%	$20.9M	$32.0M	50x	as long as short
BingX ARB-USDT	+0.0100%	8h	0.2175	+0.005%	—	$30.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2174	−0.032%	$38K	$465K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2176	+0.040%	$474K	$3.3M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2175	+0.009%	$118K	$308K	50x	as long as short
SunX ARB-USDTshort	+0.0100%	8h	0.2177	+0.101%	$2K	$1.0M	30x
HTX ARB-USDT	+0.0100%	8h	0.2174	−0.018%	$282K	$753K	50x	as long as short
Backpack ARB_USDC_PERP	+0.0194%	1h	0.2176	+0.074%	$970K	$2.7M	20x	as long as short
RISEx ARB/USDC	+0.0271%	1h	0.2177	+0.097%	$540K	$2.3M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0279% / S −0.0162%	1h	0.2176	+0.053%	$831K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0288%	1h	0.2174	−0.021%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0424%	1h	0.2180	+0.239%	$519K	$1.4M	50x	as long as short