Funding arb · Price arb /

ETH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Polymarket Perps against Vest−0.094%7-day average −0.007% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Vest Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.016%+$2 on $10k

Price spread, last 4 days (all we have)+0.079%+$8 · spread now −0.094%, 7d avg −0.007%

Together, before fees+0.095%+ Points / potential airdropVest: Active · farm board+$9 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 0.087% cheaper against Vest than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest ETH-PERP	2,725.6	0.0100	pay 0.0013% / 1h	26m 40s	—	$436K	50x
Short	Polymarket Perps ETH-USD	2,723	0.0100	get 0.0013% / 1h	26m 40s	$11.2M	$9.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Vest. 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

Position, each leg$Hold fordaysFee VestbpFee Polymarket PerpsbpOrdersPrice spread, now −0.094%Rate

Funding earned: $0
Price spread: −0.094% → −0.007%: −$8.72
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$18.72
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Polymarket Perps: live order book, 3 min ago. Net counts fees only.

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 Vest no order-book sample	—	—	—	—	—
Sell Polymarket Perps live order book, 3 min ago	27.55 bp	66.5 bp −$67	doesn't fit	doesn't fit	doesn't fit

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
BloFin ETH-USDT	−0.0152%	8h	2,724.5	−0.040%	$281.3M	$176.4M	150x	as long as short
HTX ETH-USDT	−0.0140%	8h	2,724.3	−0.045%	$1.05B	$1.20B	200x	as long as short
Perpl ETH	−0.0112%	43m	2,724.7	−0.032%	$275K	$5.7M	8.3x	as long as short
SunX ETH-USDT	−0.0109%	8h	2,724	−0.056%	$939K	$10.6M	100x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,724	−0.057%	$5K	$1K	50x	as long as short
Bybit ETHUSDT	−0.0067%	8h	2,723.4	−0.081%	$2.31B	$4.26B	150x	as long as short
ApeX Omni ETHUSDT	−0.0013%	1h	2,724.3	−0.045%	$8.3M	$31.3M	100x	as long as short
Phoenix ETH	−0.0012%	1h	2,724.4	−0.043%	$806K	$3.0M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,724.8	−0.027%	$11.9M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,724.2	−0.050%	$10.5M	$41.9M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXETHPERP	0.0000%	8h	2,724.6	−0.035%	$6.6M	$669.1M	4.9x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,721.7	−0.143%	$32.8M	—	200x	as long as short
Deribit ETH-PERPETUAL	+0.0018%	1h	2,725.5	−0.001%	$265.9M	$222.0M	50x	as long as short
01 Exchange ETHUSD	+0.0032%	1h	2,723.7	−0.068%	$195K	$885K	50x	as long as short
Hibachi ETH/USDT-P	+0.0032%	1h	2,722	−0.130%	$236K	$1.4M	20x	as long as short
Gate ETH_USDT	+0.0040%	8h	2,723.2	−0.088%	$3.27B	$8.29B	200x	as long as short
SoDEX ETH-USD	+0.0042%	1h	2,724.5	−0.039%	$54.3M	$182.4M	40x	as long as short
Aster ETHUSDT	+0.0064%	8h	2,723.4	−0.079%	$252.0M	$839.3M	200x	as long as short
MEXC ETH_USDT	+0.0075%	8h	2,723.3	−0.082%	$1.59B	$2.57B	500x	as long as short
OKX ETH-USDT-SWAP	+0.0076%	8h	2,723.5	−0.077%	$1.65B	$10.49B	100x	as long as short
Binance ETHUSDT	+0.0076%	8h	2,723.6	−0.070%	$6.30B	$15.89B	150x	as long as short
Aevo ETH-PERP	+0.0080%	1h	2,724.9	−0.023%	$4.9M	$195K	20x	as long as short
KuCoin ETHUSDTM	+0.0083%	8h	2,723.8	−0.063%	$382.0M	$563.1M	100x	as long as short
Bullet ETH-USD	+0.0084%	1h	2,724.7	−0.032%	$176K	$1.7M	20x	as long as short
Phemex ETHUSDT	+0.0085%	8h	2,724.9	−0.026%	$262.5M	$63.1M	150x	as long as short
Lighter ETH	+0.0096%	1h	2,724.3	−0.046%	$112.3M	$402.7M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,725.4	−0.006%	$23.6M	$96.4M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,724.6	−0.035%	—	$30.4M	500x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,723.3	−0.083%	$496K	$3.6M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,727	+0.052%	$15.3M	$7.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,723.8	−0.063%	$14.3M	$100.9M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,725.9	+0.012%	$3.10B	$2.04B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,724.7	−0.032%	$31.9M	$331.2M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,723.3	−0.083%	$2.7M	$16.3M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,723.8	−0.066%	$1.6M	$15.8M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,720.7	−0.180%	$164.6M	$337.2M	25x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,723.3	−0.084%	$2.11B	$2.69B	150x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,723.5	−0.075%	—	$18.7M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,724.4	−0.044%	$15.1M	$39.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,724.1	−0.054%	$131.7M	$315.5M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,724.3	−0.046%	$185.3M	$683.9M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,724.3	−0.048%	$158.4M	$80.4M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,721.7	−0.142%	$20.9M	$71.1M	40x	as long as short
Vest ETH-PERPlong	+0.0100%	1h	2,725.6	long leg	—	$436K	50x
Polymarket Perps ETH-USDshort	+0.0100%	1h	2,723	−0.094%	$11.2M	$9.3M	50x
Derive ETH-PERP	+0.0100%	1h	2,724.3	−0.046%	$40.5M	$29.1M	15x	as long as short
Extended ETH-USD	+0.0104%	1h	2,722.2	−0.125%	$30.2M	$70.6M	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0105%	1h	2,725.1	−0.016%	$81.8M	$308.0M	100x	as long as short
Aftermath Perps ETHUSD	+0.0109%	1h	2,726.3	+0.028%	$30K	$20K	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0120%	1h	2,725.7	+0.005%	$45.7M	$4.20B	50x	as long as short
RISEx ETH/USDC	+0.0137%	1h	2,723.9	−0.060%	$5.6M	$11.4M	25x	as long as short
Reya ETHRUSDPERP	+0.0171%	1h	2,723.1	−0.090%	$7.3M	$961K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0182%	8h	2,726.4	+0.032%	$32.1M	$10.9M	100x	as long as short
Injective ETH/USDC PERP	+0.0253%	1h	2,727.8	+0.082%	$117K	$21.6M	52x	as long as short
Bluefin ETH-PERP	+0.1380%	1h	2,724.6	−0.034%	$20K	$23K	25x	as long as short