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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 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Polymarket Perps against Variational Omni+0.082%7-day average +0.008% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.015%+$1 on $10k
Price spread, last 7 days−0.045%−$4 · spread now +0.082%, 7d avg +0.008%
Together, before fees−0.030%+ Points / potential airdropVariational Omni: Active · farm board−$3 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: Polymarket Perps is 0.074% dearer against Variational Omni than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.008%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ETH2,773.80.0100pay 0.0100% / 8h7h 59m$151.5M$345.4M—
ShortPolymarket Perps ETH-USD2,776.10.0100get 0.0013% / 1h59m 41s$10.6M$8.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Variational Omni. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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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: +0.082% → +0.008%
$7.39
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$0.61
Costs to cover
0.080%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Polymarket Perps: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 5 min ago0.76 bpdoesn't fit0.8 bp −$83.0 bp −$300doesn't fit
Sell Polymarket Perps live order book, 4 min ago0.18 bp5.3 bp −$56.8 bp −$6814.2 bp −$1,421doesn'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−0.0223%43m2,775.6+0.064%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0128%1h2,774.8+0.035%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,762.1−0.423%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,776.3+0.089%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0008%1h2,776+0.078%$168K$1.2M50xas long as short
ApeX Omni ETHUSDT−0.0007%1h2,775.8+0.070%$8.7M$32.9M100xas long as short
dYdX ETH-USD0.0000%1h2,775.8+0.071%$12.7M$45.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,776.7+0.103%$8.1M$689.2M4.9xas long as short
Phoenix ETH+0.0003%1h2,776+0.078%$877K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,776.7+0.102%$22.4M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0020%8h2,773.6−0.009%$1.71B$11.89B100xas long as short
Phemex ETHUSDT+0.0023%8h2,775.5+0.061%$270.4M$68.6M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,776.5+0.096%$12.9M—200xas long as short
SoDEX ETH-USD+0.0027%1h2,775.6+0.064%$55.3M$228.8M40xas long as short
Bullet ETH-USD+0.0032%1h2,775.6+0.066%$182K$1.7M20xas long as short
Aftermath Perps ETHUSD+0.0032%1h2,774.1+0.011%$29K$22K20xas long as short
Aster ETHUSDT+0.0037%8h2,774.9+0.039%$256.2M$1.00B200xas long as short
Deribit ETH-PERPETUAL+0.0045%1h2,777.2+0.120%$259.1M$222.1M50xas long as short
MEXC ETH_USDT+0.0056%8h2,774.5+0.024%$1.62B$2.61B500xas long as short
Aevo ETH-PERP+0.0056%1h2,773.4−0.014%$5.0M$636K20xas long as short
Binance ETHUSDT+0.0057%8h2,774.4+0.022%$6.47B$17.28B150xas long as short
Bitget ETHUSDT+0.0065%8h2,774.4+0.019%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0067%8h2,775+0.041%$3.29B$9.71B200xas long as short
KuCoin ETHUSDTM+0.0080%8h2,775.5+0.059%$423.2M$738.8M100xas long as short
BingX ETH-USDT+0.0088%8h2,774.3+0.017%—$1.24B—as long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,777.3+0.125%$60.8M$4.60B50xas long as short
Nado ETH-PERP+0.0090%1h2,775.3+0.053%$14.4M$118.2M50xas long as short
HTX ETH-USDT+0.0095%8h2,775.7+0.067%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,774.9+0.039%$115.2M$455.1M50xas long as short
Lighter RH ETH+0.0096%1h2,776+0.077%$25.3M$109.2M50xas long as short
Vest ETH-PERP+0.0097%1h2,776.1+0.081%—$1.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,774.7+0.031%$15.9M$10.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,775.7+0.067%$483K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,777.3+0.125%$3.18B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,775.2+0.048%$31.3M$319.4M50xas long as short
Bybit ETHUSDT+0.0100%8h2,773.9+0.003%$2.51B$4.62B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,774+0.006%$2.8M$17.4M25xas long as short
Arcus ETH-USD+0.0100%1h2,775.3+0.054%$2.7M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.4−0.160%$169.4M$262.8M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,775.8+0.071%$15.1M$44.2M50xas long as short
Variational Omni ETHlong+0.0100%8h2,773.8long leg$151.5M$345.4M—
edgeX ETHUSDC+0.0100%4h2,775+0.041%$182.2M$785.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,770.2−0.129%$161.1M$89.4M50xas long as short
StandX ETH-USD+0.0100%1h2,774.6+0.028%$21.5M$58.7M40xas long as short
Polymarket Perps ETH-USDshort+0.0100%1h2,776.1+0.082%$10.6M$8.0M50x
Bluefin ETH-PERP+0.0100%1h2,800.9+0.977%$22K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,778.2+0.159%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,775+0.042%$974K$13.9M100xas long as short
Extended ETH-USD+0.0104%1h2,774.8+0.036%$32.5M$78.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,776.6+0.101%—$43.8M500xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,777+0.115%$90.8M$338.6M100xas long as short
Orderly PERP_ETH_USDC+0.0145%8h2,778.4+0.163%$32.7M$12.2M100xas long as short
BloFin ETH-USDT+0.0176%8h2,776.5+0.096%$287.4M$193.9M150xas long as short
Hibachi ETH/USDT-P+0.0192%1h2,776.3+0.087%$253K$1.6M20xas long as short
Reya ETHRUSDPERP+0.0206%1h2,775.6+0.065%$7.4M$1.2M25xas long as short