Settings8H · net · $10k
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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 12:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.009%
Price spread now: Polymarket Perps against Bybit+0.228%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs+$2as in the Price arb table
costs, in and out, $10k−$200.197% of the position
Long on BybitShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days+0.088%+$9 on $10k
Price spread, last 7 days−0.259%−$26 · spread now +0.228%, 7d avg +0.015%
Together, before fees−0.171%−$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.213% dearer against Bybit than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.015%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ETHUSDT2,736.40.0046pay 0.0046% / 8h4h 49m$2.37B$3.77B150x
ShortPolymarket Perps ETH-USD2,742.60.0100get 0.0013% / 1h49m 53s$11.2M$8.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bybit. 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

Funding earned
$11.34
Price spread: +0.228% → +0.015%
$21.34
Slippage, 4 orders
−$0.74
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
$12.94
Costs to cover
0.197%
Break-even
from the start
Slippage from Bybit: live order book, 2 min ago; Polymarket Perps: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 2 min ago0.02 bp5.5 bp −$65.5 bp −$556.9 bp −$6869.8 bp −$4,892
Sell Polymarket Perps live order book, 2 min ago0.18 bp4.5 bp −$54.5 bp −$459.0 bp −$902doesn't fit

ETH on 55 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff ETH-PERP−0.0080%1h2,742.5+0.224%$5K$1K50xas long as short
Hibachi ETH/USDT-P−0.0056%1h2,740+0.132%$231K$1.2M20xas long as short
GMX ETH/USD [ETH-USDC]L −0.0009% / S +0.0043%1h2,741.9+0.203%$12.2M—200xas long as short
Phoenix ETH−0.0009%1h2,742.6+0.228%$819K$2.8M25xas long as short
Kalshi KXETHPERP0.0000%8h2,739.9+0.129%$7.4M$656.1M4.9xas long as short
Perpl ETH0.0000%43m2,741+0.168%$269K$4.9M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,742+0.205%$33.1M—200xas long as short
Bybit ETHUSDTlong+0.0046%8h2,736.4long leg$2.37B$3.77B150x
01 Exchange ETHUSD+0.0048%1h2,741.4+0.184%$182K$907K50xas long as short
OKX ETH-USDT-SWAP+0.0072%8h2,736.3−0.001%$1.67B$9.00B100xas long as short
Show all 55 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ETH-USD+0.0083%1h2,739.6+0.117%$15.2M$42.4M50xas long as short
ApeX Omni ETHUSDT+0.0085%1h2,743.8+0.272%$8.2M$25.0M100xas long as short
Deribit ETH-PERPETUAL+0.0086%1h2,740.4+0.148%$267.1M$180.4M50xas long as short
KuCoin ETHUSDTM+0.0092%8h2,738.7+0.084%$378.1M$433.6M100xas long as short
Lighter ETH+0.0096%1h2,738.4+0.076%$113.6M$381.6M50xas long as short
Lighter RH ETH+0.0096%1h2,737.9+0.055%$23.5M$93.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,741.5+0.189%—$23.3M500xas long as short
Aevo ETH-PERP+0.0096%1h2,739.6+0.118%$4.9M$247K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,739.7+0.122%$516K$3.5M50xas long as short
Nado ETH-PERP+0.0100%1h2,739.2+0.105%$14.9M$93.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,738.3+0.071%$3.14B$1.67B25xas long as short
Aster ETHUSDT+0.0100%8h2,737.5+0.043%$254.7M$700.5M200xas long as short
Pacifica ETH+0.0100%1h2,740+0.134%$32.0M$320.6M50xas long as short
Binance ETHUSDT+0.0100%8h2,736.9+0.020%$6.40B$13.68B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,739.7+0.122%$2.8M$14.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,741.4+0.182%$1.6M$14.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,743.8+0.272%$163.0M$315.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,737.4+0.038%$3.26B$7.61B200xas long as short
MEXC ETH_USDT+0.0100%8h2,736.9+0.021%$1.59B$2.29B500xas long as short
Bitget ETHUSDT+0.0100%8h2,736.2−0.008%$2.11B$2.26B150xas long as short
BingX ETH-USDT+0.0100%8h2,737+0.022%—$936.4M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,737.3+0.035%$15.0M$35.0M50xas long as short
Variational Omni ETH+0.0100%8h2,738.7+0.086%$133.6M$273.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,742.3+0.215%$184.5M$556.8M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,743.7+0.268%$159.5M$69.7M50xas long as short
StandX ETH-USD+0.0100%1h2,740.6+0.155%$21.0M$76.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,742+0.205%—$316K50xas long as short
Polymarket Perps ETH-USDshort+0.0100%1h2,742.6+0.228%$11.2M$8.6M50x
Bullet ETH-USD+0.0100%1h2,741.8+0.197%$176K$1.6M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,739.1+0.099%$20K$7K25xas long as short
Derive ETH-PERP+0.0100%1h2,741.2+0.176%$40.9M$25.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,737.6+0.043%$943K$8.2M100xas long as short
SoDEX ETH-USD+0.0100%1h2,739.6+0.118%$61.7M$121.7M40xas long as short
HTX ETH-USDT+0.0100%8h2,737.9+0.055%$1.05B$993.1M200xas long as short
Phemex ETHUSDT+0.0100%8h2,737.2+0.031%$262.6M$56.2M150xas long as short
Extended ETH-USD+0.0104%1h2,736−0.013%$30.2M$63.7M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,738.5+0.078%$47.6M$3.86B50xas long as short
Aftermath Perps ETHUSD+0.0114%1h2,741.8+0.200%$30K$8K20xas long as short
Kraken Futures PF_ETHUSD+0.0120%1h2,738.4+0.074%$82.5M$265.1M100xas long as short
Reya ETHRUSDPERP+0.0145%1h2,740.4+0.147%$7.3M$854K25xas long as short
Orderly PERP_ETH_USDC+0.0189%8h2,741.8+0.200%$32.4M$9.9M100xas long as short
RISEx ETH/USDC+0.0342%1h2,741.3+0.181%$5.7M$10.4M25xas long as short
BloFin ETH-USDT+0.0400%8h2,739+0.097%$285.1M$146.9M150xas long as short
Paradex ETH-USD-PERP+0.0451%8h2,741.4+0.185%$15.8M$6.1M50xas long as short
Injective ETH/USDC PERP+0.0477%1h2,743.8+0.272%$118K$25.0M52xas long as short