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 10:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h −0.001%
Price spread now: Polymarket Perps against Deribit+0.030%7-day average −0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$210.210% of the position
Long on DeribitShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days+0.044%+$4 on $10k
Price spread, last 4 days (all we have)−0.016%−$2 · spread now +0.030%, 7d avg −0.025%
Together, before fees+0.028%+$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Polymarket Perps is 0.055% dearer against Deribit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.025%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit ETH-PERPETUAL2,741.80.0082pay 0.0010% / 1h19m 17s$267.3M$192.8M50x
ShortPolymarket Perps ETH-USD2,742.60.0100get 0.0013% / 1h19m 17s$11.2M$8.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Deribit. 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
$3.78
Price spread: +0.030% → −0.025%
$5.54
Slippage, 4 orders
−$6.02
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$11.7
Costs to cover
0.210%
Break-even
28.7 days
Slippage from Deribit: live order book, 3 min ago; Polymarket Perps: live order book, 3 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 Deribit live order book, 3 min ago0.27 bp4.0 bp −$45.0 bp −$5011.6 bp −$1,16323.3 bp −$11.6K
Sell Polymarket Perps live order book, 3 min ago0.36 bp5.8 bp −$615.7 bp −$15723.8 bp −$2,380doesn't fit

ETH on 54 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
Hibachi ETH/USDT-P−0.0096%1h2,742+0.009%$235K$1.3M20xas long as short
Hotstuff ETH-PERP−0.0080%1h2,741.5−0.010%$5K$1K50xas long as short
ApeX Omni ETHUSDT−0.0044%1h2,742.6+0.031%$8.3M$27.2M100xas long as short
Bybit ETHUSDT−0.0030%8h2,740.4−0.049%$2.36B$3.91B150xas long as short
Phoenix ETH−0.0023%1h2,742.8+0.037%$806K$2.9M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,740.9−0.032%$12.0M—200xas long as short
Kalshi KXETHPERP0.0000%8h2,741.6−0.007%$7.1M$662.6M4.9xas long as short
Perpl ETH0.0000%43m2,740.4−0.049%$269K$5.1M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,740.7−0.040%$33.1M—200xas long as short
01 Exchange ETHUSD+0.0048%1h2,741.4−0.014%$195K$939K50xas long as short
Show all 54 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ETH-USD+0.0053%1h2,741.7−0.003%$14.8M$42.9M50xas long as short
Gate ETH_USDT+0.0056%8h2,740.9−0.034%$3.26B$7.87B200xas long as short
OKX ETH-USDT-SWAP+0.0067%8h2,740.3−0.053%$1.66B$9.49B100xas long as short
Aster ETHUSDT+0.0073%8h2,740.8−0.036%$256.0M$738.3M200xas long as short
MEXC ETH_USDT+0.0079%8h2,740.9−0.032%$1.59B$2.52B500xas long as short
Binance ETHUSDT+0.0079%8h2,740.7−0.040%$6.38B$14.51B150xas long as short
Kraken Futures PF_ETHUSD+0.0080%1h2,741.4−0.015%$82.0M$279.9M100xas long as short
Aevo ETH-PERP+0.0080%1h2,738−0.137%$4.9M$208K20xas long as short
Deribit ETH-PERPETUALlong+0.0082%1h2,741.8long leg$267.3M$192.8M50x
KuCoin ETHUSDTM+0.0084%8h2,741.1−0.026%$365.9M$458.6M100xas long as short
Aftermath Perps ETHUSD+0.0090%1h2,741.1−0.024%$30K$8K20xas long as short
Lighter ETH+0.0096%1h2,740.6−0.042%$113.8M$389.9M50xas long as short
Lighter RH ETH+0.0096%1h2,741.8+0.002%$23.7M$98.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,741−0.028%—$23.7M500xas long as short
Katana Perps ETH-USD+0.0100%8h2,740.9−0.032%$506K$3.5M50xas long as short
Nado ETH-PERP+0.0100%1h2,740.1−0.060%$14.5M$97.3M50xas long as short
Pacifica ETH+0.0100%1h2,741.2−0.020%$32.1M$324.1M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,740.6−0.043%$2.8M$14.3M25xas long as short
Arcus ETH-USD+0.0100%1h2,741.7−0.004%$1.5M$14.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,740.6−0.043%$163.1M$330.7M25xas long as short
Bitget ETHUSDT+0.0100%8h2,740.6−0.044%$2.11B$2.37B150xas long as short
BingX ETH-USDC+0.0100%8h2,740−0.065%—$18.5M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,741.3−0.019%$14.9M$37.1M50xas long as short
Variational Omni ETH+0.0100%8h2,740.5−0.048%$132.1M$302.2M—as long as short
edgeX ETHUSDC+0.0100%4h2,742.4+0.022%$186.1M$633.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,740.4−0.051%$159.3M$73.0M50xas long as short
StandX ETH-USD+0.0100%1h2,742.7+0.034%$21.1M$72.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,742.7+0.032%—$346K50xas long as short
Polymarket Perps ETH-USDshort+0.0100%1h2,742.6+0.030%$11.2M$8.7M50x
Bullet ETH-USD+0.0100%1h2,740.9−0.033%$177K$1.7M20xas long as short
SunX ETH-USDT+0.0100%8h2,740.1−0.061%$945K$9.1M100xas long as short
SoDEX ETH-USD+0.0100%1h2,740.6−0.043%$61.7M$121.8M40xas long as short
HTX ETH-USDT+0.0100%8h2,741.7−0.003%$1.05B$1.09B200xas long as short
Phemex ETHUSDT+0.0100%8h2,741.2−0.021%$263.7M$57.5M150xas long as short
Extended ETH-USD+0.0104%1h2,739.6−0.081%$30.4M$66.3M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,741.8−0.001%$45.6M$3.93B50xas long as short
Hyperliquid ETH+0.0126%1h2,744+0.081%$3.15B$1.78B25xas long as short
BloFin ETH-USDT+0.0149%8h2,741.4−0.012%$282.7M$157.4M150xas long as short
Reya ETHRUSDPERP+0.0161%1h2,740.5−0.047%$7.3M$870K25xas long as short
RISEx ETH/USDC+0.0167%1h2,742.7+0.033%$5.6M$10.7M25xas long as short
Orderly PERP_ETH_USDC+0.0175%8h2,742.6+0.028%$32.3M$10.1M100xas long as short
Paradex ETH-USD-PERP+0.0305%8h2,744.8+0.111%$15.8M$6.5M50xas long as short
Injective ETH/USDC PERP+0.0308%1h2,747.3+0.201%$118K$23.9M52xas long as short
Bluefin ETH-PERP+0.1049%1h2,740.9−0.032%$20K$15K25xas long as short