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Funding arb · Price arb /

ETH

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Alert: spread
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Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%
Price spread now: SoDEX against Polymarket Perps+0.058%7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$8as in the Price arb table
costs, in and out, $10k−$170.167% of the position
Long on Polymarket PerpsShort on SoDEX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.028%−$3 on $10k
Price spread, last 3 days (all we have)−0.098%−$10 · spread now +0.058%, 7d avg −0.024%
Together, before fees−0.126%−$13 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.083% dearer against Polymarket Perps than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.024%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps ETH-USD2,744.80.0100pay 0.0013% / 1h53m 12s$10.7M$8.4M50x
ShortSoDEX ETH-USD2,746.40.0100get 0.0013% / 1h53m 12s$54.7M$187.5M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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

Funding earned
$0
Price spread: +0.058% → −0.024%
$8.27
Slippage, 4 orders
−$0.73
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$8.46
Costs to cover
0.167%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 6 min ago; SoDEX: live order book, 1 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 Polymarket Perps live order book, 6 min ago0.18 bp4.2 bp −$45.8 bp −$5813.0 bp −$1,303doesn't fit
Sell SoDEX live order book, 1 min ago0.18 bp4.2 bp −$44.2 bp −$425.7 bp −$56833.0 bp −$16.5K

ETH on 54 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
ApeX Omni ETHUSDT−0.0362%1h2,743−0.065%$8.7M$31.1M100xas long as short
Perpl ETH−0.0112%43m2,745.1+0.012%$306K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,743.6−0.044%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,744.1−0.026%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,746.4+0.060%$12.1M—200xas long as short
dYdX ETH-USD0.0000%1h2,744.1−0.026%$10.8M$41.8M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,746.7+0.071%$22.2M—200xas long as short
Phoenix ETH+0.0017%1h2,744−0.029%$846K$2.9M25xas long as short
BingX ETH-USDC+0.0043%8h2,746.2+0.052%—$18.4M—as long as short
01 Exchange ETHUSD+0.0048%1h2,745.1+0.011%$183K$916K50xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0056%8h2,746.5+0.062%$1.70B$10.56B100xas long as short
KuCoin ETHUSDTM+0.0065%8h2,745.9+0.041%$379.0M$595.8M100xas long as short
Aster ETHUSDT+0.0075%8h2,745.6+0.028%$252.4M$840.6M200xas long as short
RISEx ETH/USDC+0.0077%1h2,744.8−0.001%$5.7M$11.2M25xas long as short
Aevo ETH-PERP+0.0080%1h2,744.1−0.025%$4.9M$159K20xas long as short
MEXC ETH_USDT+0.0084%8h2,746.4+0.058%$1.57B$2.51B500xas long as short
Binance ETHUSDT+0.0084%8h2,746.4+0.056%$6.39B$15.70B150xas long as short
HTX ETH-USDT+0.0094%8h2,745.9+0.039%$1.06B$1.18B200xas long as short
Lighter ETH+0.0096%1h2,746.8+0.073%$112.8M$430.6M50xas long as short
Lighter RH ETH+0.0096%1h2,748.2+0.122%$24.7M$103.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,744.4−0.014%—$30.9M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,747.6+0.102%$58.6M$4.27B50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,747.9+0.114%$16.1M$7.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,743.9−0.033%$485K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,743.3−0.054%$13.9M$106.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,746.8+0.073%$3.12B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,744.2−0.022%$31.6M$334.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,746.7+0.068%$2.47B$4.17B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,742.9−0.069%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,744.9+0.004%$2.7M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,743.3−0.055%$163.1M$304.4M25xas long as short
Gate ETH_USDT+0.0100%8h2,746.5+0.060%$3.39B$8.64B200xas long as short
Bitget ETHUSDT+0.0100%8h2,747.7+0.106%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,746+0.042%$15.0M$41.1M50xas long as short
Variational Omni ETH+0.0100%8h2,748+0.118%$132.7M$342.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,744.3−0.020%$181.8M$689.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,743.2−0.058%$159.5M$81.2M50xas long as short
StandX ETH-USD+0.0100%1h2,743.8−0.036%$21.2M$69.2M40xas long as short
Vest ETH-PERP+0.0100%1h2,745+0.009%—$819K50xas long as short
Polymarket Perps ETH-USDlong+0.0100%1h2,744.8long leg$10.7M$8.4M50x
Bullet ETH-USD+0.0100%1h2,746.1+0.049%$182K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,746.2+0.052%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,748.2+0.123%$41.6M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,745+0.008%$963K$11.8M100xas long as short
SoDEX ETH-USDshort+0.0100%1h2,746.4+0.058%$54.7M$187.5M40x
Phemex ETHUSDT+0.0100%8h2,746.3+0.054%$267.3M$65.2M150xas long as short
Extended ETH-USD+0.0104%1h2,745.9+0.039%$30.6M$72.5M50xas long as short
Aftermath Perps ETHUSD+0.0121%1h2,746+0.042%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0149%8h2,745.6+0.029%$7.7M$669.0M4.9xas long as short
Deribit ETH-PERPETUAL+0.0169%1h2,747.8+0.109%$258.9M$195.4M50xas long as short
Orderly PERP_ETH_USDC+0.0185%8h2,749+0.153%$32.3M$11.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,747.3+0.090%$88.1M$309.0M100xas long as short
Reya ETHRUSDPERP+0.0224%1h2,744.4−0.013%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0240%1h2,744.2−0.022%$250K$1.4M20xas long as short