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

ETH

all ETH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0023%/8h= +2.5% APRpaid last 24h +0.002%
Price spread now: Polymarket Perps against KuCoin+0.086%7-day average +0.011% · 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−$14as in the Price arb table
costs, in and out, $10k−$210.212% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.102%+$10 on $10k
Price spread, last 7 days−0.117%−$12 · spread now +0.086%, 7d avg +0.011%
Together, before fees−0.015%−$2 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 0.075% dearer against KuCoin than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.011%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ETHUSDTM2,724.50.0077pay 0.0077% / 8h13m 00s$382.6M$576.9M100x
ShortPolymarket Perps ETH-USD2,726.80.0100get 0.0013% / 1h13m 00s$11.2M$9.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against KuCoin. 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
$4.83
Price spread: +0.086% → +0.011%
$7.51
Slippage, 4 orders
−$1.2
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$8.86
Costs to cover
0.212%
Break-even
19.8 days
Slippage from KuCoin: live order book, 6 min ago; Polymarket Perps: live order book, 6 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 KuCoin live order book, 6 min ago0.02 bp6.0 bp −$67.5 bp −$759.5 bp −$952doesn't fit
Sell Polymarket Perps live order book, 6 min ago0.18 bp4.4 bp −$45.5 bp −$5512.8 bp −$1,276doesn't fit

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl ETH−0.0447%43m2,724.7+0.008%$274K$5.7M8.3xas long as short
BloFin ETH-USDT−0.0183%8h2,725+0.021%$280.8M$177.5M150xas long as short
Hotstuff ETH-PERP−0.0080%1h2,724.3−0.006%$5K$1K50xas long as short
Phoenix ETH−0.0015%1h2,725.4+0.035%$808K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,724.5+0.002%$11.9M200xas long as short
dYdX ETH-USD0.0000%1h2,724.9+0.017%$10.5M$41.8M50xas long as short
Kalshi KXETHPERP0.0000%8h2,725.9+0.053%$6.7M$676.5M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,725.7+0.045%$263.5M$213.7M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,725.8+0.050%$32.9M200xas long as short
BingX ETH-USDT+0.0016%8h2,724.2−0.011%$1.08Bas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0021%8h2,724.1−0.012%$2.31B$4.33B150xas long as short
01 Exchange ETHUSD+0.0032%1h2,725.9+0.053%$190K$883K50xas long as short
HTX ETH-USDT+0.0033%8h2,725.1+0.024%$1.05B$1.22B200xas long as short
Injective ETH/USDC PERP+0.0050%1h2,729.4+0.182%$117K$22.0M52xas long as short
Kraken Futures PF_ETHUSD+0.0060%1h2,725.7+0.046%$81.8M$310.5M100xas long as short
Hibachi ETH/USDT-P+0.0064%1h2,725.5+0.038%$242K$1.4M20xas long as short
OKX ETH-USDT-SWAP+0.0073%8h2,724.2−0.008%$1.65B$10.77B100xas long as short
ApeX Omni ETHUSDT+0.0074%1h2,724.1−0.014%$8.5M$31.4M100xas long as short
KuCoin ETHUSDTMlong+0.0077%8h2,724.5long leg$382.6M$576.9M100x
Aster ETHUSDT+0.0080%8h2,724.5+0.001%$252.4M$850.9M200xas long as short
Aevo ETH-PERP+0.0088%1h2,722.9−0.055%$4.9M$175K20xas long as short
MEXC ETH_USDT+0.0090%8h2,724.4−0.001%$1.58B$2.59B500xas long as short
Binance ETHUSDT+0.0091%8h2,724.3−0.005%$6.30B$16.10B150xas long as short
Lighter ETH+0.0096%1h2,725.6+0.042%$112.3M$433.2M50xas long as short
Lighter RH ETH+0.0096%1h2,726.6+0.080%$23.4M$102.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,725.3+0.031%$500K$3.6M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,729+0.166%$15.4M$7.5M50xas long as short
Nado ETH-PERP+0.0100%1h2,725.4+0.037%$14.1M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,726.6+0.079%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,725.3+0.030%$32.0M$333.3M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,724.2−0.009%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,725.9+0.051%$1.6M$16.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,724.3−0.005%$3.30B$8.94B200xas long as short
Bitget ETHUSDT+0.0100%8h2,724.3−0.007%$2.10B$2.76B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,724.3−0.005%$15.0M$40.5M50xas long as short
Variational Omni ETH+0.0100%8h2,724.1−0.011%$133.8M$316.4Mas long as short
edgeX ETHUSDC+0.0100%4h2,724.2−0.009%$185.4M$683.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,724.8+0.011%$158.3M$82.0M50xas long as short
StandX ETH-USD+0.0100%1h2,725+0.020%$20.9M$69.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,726.9+0.091%$445K50xas long as short
Polymarket Perps ETH-USDshort+0.0100%1h2,726.8+0.086%$11.2M$9.4M50x
Bullet ETH-USD+0.0100%1h2,725.5+0.038%$194K$1.7M20xas long as short
Derive ETH-PERP+0.0100%1h2,726.7+0.083%$40.7M$29.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,724.7+0.010%$955K$10.7M100xas long as short
SoDEX ETH-USD+0.0100%1h2,725.1+0.024%$54.3M$182.7M40xas long as short
Phemex ETHUSDT+0.0100%8h2,724.7+0.010%$262.4M$64.3M150xas long as short
Bulk ETH-USD+0.0100%1h2,726.7+0.084%$161.2M$356.8M25xas long as short
Aftermath Perps ETHUSD+0.0101%1h2,725.6+0.042%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,724.4−0.002%$30.4M$71.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,725.4+0.036%$30.2M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,726.4+0.071%$46.6M$4.26B50xas long as short
RISEx ETH/USDC+0.0114%1h2,726.4+0.070%$5.6M$11.7M25xas long as short
Reya ETHRUSDPERP+0.0179%1h2,724.9+0.015%$7.3M$972K25xas long as short
Orderly PERP_ETH_USDC+0.0185%8h2,727.7+0.117%$32.2M$11.2M100xas long as short
Bluefin ETH-PERP+0.0288%1h2,725.3+0.032%$20K$23K25xas long as short