ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0015%/8h= −1.6% APRnext payment −$0.02 per $10,000 · paid last 24h +0.007%

Price spread now: Polymarket Perps against RISEx+0.040%7-day average +0.006% · 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−$13as in the Price arb table

costs, in and out, $10k−$160.161% of the position

Long on RISEx Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.007%−$1 on $10k

Price spread, last 7 days−0.047%−$5 · spread now +0.040%, 7d avg +0.006%

Together, before fees−0.054%−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.034% dearer against RISEx than usual: you sell high and buy low (spread +0.040% now, against its 7-day average of +0.006%): +$3 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 7.5 days. At the pace of the last 4 days (−0.007% in total) that is about 18 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx ETH/USDC	2,731.1	0.0115	pay 0.0014% / 1h	0m 07s	$5.6M	$11.6M	25x
Short	Polymarket Perps ETH-USD	2,732.2	0.0100	get 0.0013% / 1h	0m 07s	$11.2M	$9.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against RISEx. 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 RISExbpFee Polymarket PerpsbpOrdersPrice spread, now +0.040%Rate

Funding earned: −$3.16
Price spread: +0.040% → +0.006%: $3.4
Slippage, 4 orders: −$2.13
Fee RISEx: 3 bp × 2 orders: −$6
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$15.89
Costs to cover: 0.161%
Break-even: never at this rate

Slippage from RISEx: live order book, 4 min ago; Polymarket Perps: live order book, 4 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 RISEx live order book, 4 min ago	0.02 bp	4.3 bp −$4	5.2 bp −$52	279.5 bp −$28.0K	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	0.18 bp	4.7 bp −$5	5.2 bp −$52	12.8 bp −$1,282	doesn't fit

ETH on 55 venues

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
Hotstuff ETH-PERP	−0.0080%	1h	2,729.1	−0.074%	$5K	$1K	50x	as long as short
Injective ETH/USDC PERP	−0.0040%	1h	2,734.2	+0.113%	$117K	$22.5M	52x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,731.4	+0.010%	$11.9M	—	200x	as long as short
Phoenix ETH	−0.0006%	1h	2,730	−0.041%	$812K	$3.0M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,729.6	−0.056%	$10.5M	$42.8M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,730.6	−0.019%	$6.6M	$682.3M	4.9x	as long as short
Perpl ETH	0.0000%	43m	2,730.2	−0.034%	$288K	$5.8M	8.3x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	2,731.8	+0.024%	$262.5M	$213.3M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,731.4	+0.011%	$33.0M	—	200x	as long as short
ApeX Omni ETHUSDT	+0.0014%	1h	2,732.5	+0.051%	$8.6M	$31.5M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDT	+0.0022%	8h	2,730.2	−0.034%	—	$1.10B	—	as long as short
01 Exchange ETHUSD	+0.0024%	1h	2,730.6	−0.019%	$191K	$890K	50x	as long as short
Bybit ETHUSDT	+0.0026%	8h	2,730.1	−0.039%	$2.33B	$4.38B	150x	as long as short
HTX ETH-USDT	+0.0030%	8h	2,730.7	−0.017%	$1.05B	$1.22B	200x	as long as short
KuCoin ETHUSDTM	+0.0069%	8h	2,731	−0.006%	$385.8M	$577.4M	100x	as long as short
SoDEX ETH-USD	+0.0074%	1h	2,730.8	−0.012%	$54.4M	$187.2M	40x	as long as short
OKX ETH-USDT-SWAP	+0.0079%	8h	2,730.2	−0.035%	$1.65B	$10.86B	100x	as long as short
Aster ETHUSDT	+0.0080%	8h	2,730.2	−0.034%	$252.9M	$847.5M	200x	as long as short
MEXC ETH_USDT	+0.0092%	8h	2,730.4	−0.025%	$1.54B	$2.61B	500x	as long as short
Bullet ETH-USD	+0.0093%	1h	2,731	−0.004%	$187K	$1.7M	20x	as long as short
Binance ETHUSDT	+0.0093%	8h	2,730.7	−0.014%	$6.33B	$16.12B	150x	as long as short
Phemex ETHUSDT	+0.0094%	8h	2,731.1	−0.002%	$263.0M	$64.4M	150x	as long as short
Lighter ETH	+0.0096%	1h	2,731.4	+0.009%	$112.7M	$440.0M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,732.7	+0.057%	$23.5M	$103.6M	50x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,728.1	−0.111%	$4.9M	$174K	20x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,730	−0.041%	$501K	$3.5M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,734.4	+0.119%	$15.4M	$7.8M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,728.9	−0.082%	$14.1M	$104.8M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,732.6	+0.054%	$3.10B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,730	−0.040%	$32.0M	$332.9M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,729.6	−0.056%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,731.3	+0.005%	$1.5M	$16.1M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,730.4	−0.025%	$3.30B	$9.06B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,730.3	−0.030%	$2.10B	$2.77B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,730.5	−0.022%	$15.1M	$41.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,728	−0.115%	$134.0M	$320.4M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,730.3	−0.030%	$185.6M	$683.5M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,730.1	−0.036%	$158.7M	$83.7M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,729.4	−0.063%	$21.0M	$70.2M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,731.8	+0.025%	—	$445K	50x	as long as short
Polymarket Perps ETH-USDshort	+0.0100%	1h	2,732.2	+0.040%	$11.2M	$9.5M	50x
Bluefin ETH-PERP	+0.0100%	1h	2,731.1	−0.002%	$22K	$20K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,732.6	+0.055%	$40.9M	$30.1M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,729.5	−0.059%	$956K	$10.9M	100x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,729	−0.079%	$162.7M	$352.6M	25x	as long as short
Aftermath Perps ETHUSD	+0.0101%	1h	2,731.8	+0.025%	$30K	$20K	20x	as long as short
Extended ETH-USD	+0.0104%	1h	2,729.9	−0.044%	$30.4M	$72.9M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0056%	1h	2,729.4	−0.062%	—	$30.5M	500x	as long as short
Hibachi ETH/USDT-P	+0.0112%	1h	2,729.7	−0.051%	$243K	$1.4M	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,732	+0.030%	$46.5M	$4.30B	50x	as long as short
RISEx ETH/USDClong	+0.0115%	1h	2,731.1	long leg	$5.6M	$11.6M	25x
Orderly PERP_ETH_USDC	+0.0185%	8h	2,733.1	+0.071%	$32.2M	$11.4M	100x	as long as short
Reya ETHRUSDPERP	+0.0186%	1h	2,730	−0.042%	$7.3M	$975K	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0211%	1h	2,731.2	+0.004%	$82.2M	$309.8M	100x	as long as short
BloFin ETH-USDT	+0.0222%	8h	2,729	−0.079%	$281.1M	$177.2M	150x	as long as short