Funding you earn now, next payment 11:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.029%
Price spread now: Polymarket Perps against Injective−4.214%51s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−1.222%−$122 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Polymarket Perps is 4.214% cheaper against Injective than usual: you would sell low and buy high (spread −4.214% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$421 on $10k: about 7 months of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −1.222%, so the current rate has only just turned in your favour. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective ETHFI/USDC PERP | 0.7240 | 0.0033 | pay 0.0004% / 1h | 28m 21s | $321 | $51K | 5.5x |
| Short | Polymarket Perps ETHFI-USD | 0.6935 | 0.0100 | get 0.0013% / 1h | 28m 21s | $52K | $149K | 5x |
Injective ETHFI/USDC PERP
Polymarket Perps ETHFI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $14
- Price spread: −4.214% → 0.000%
- −$421.41
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$415.43
- Costs to cover
- 0.080%
- Break-even
- 214.7 days
Slippage unknown: Injective: no order-book sample; Polymarket Perps: live order book, 17 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 Injective no order-book sample | — | — | — | — | — |
| Sell Polymarket Perps live order book, 17 min ago | 2.88 bp | 11.7 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
Injective: 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.
ETHFI on 24 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0614% | 1h | 0.6936 | −4.199% | $42K | $13K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0320% | 4h | 0.6930 | −4.282% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0246% | 4h | 0.6926 | −4.339% | $903K | $716K | — | as long as short |
| Paradex ETHFI-USD-PERP | −0.0083% | 8h | 0.6930 | −4.286% | $6K | — | 5x | as long as short |
| Bybit ETHFIUSDT | −0.0076% | 4h | 0.6932 | −4.254% | $17.0M | $11.8M | 25x | as long as short |
| HTX ETHFI-USDT | −0.0007% | 4h | 0.6924 | −4.365% | $83K | $139K | 20x | as long as short |
| Binance ETHFIUSDT | 0.0000% | 4h | 0.6930 | −4.282% | $24.2M | $31.8M | 75x | as long as short |
| Extended ETHFI-USD | 0.0000% | 1h | 0.6928 | −4.311% | $108K | $495K | 10x | as long as short |
| MEXC ETHFI_USDT | 0.0000% | 4h | 0.6930 | −4.282% | $15.4M | $4.1M | 125x | as long as short |
| Injective ETHFI/USDC PERPlong | +0.0033% | 1h | 0.7240 | long leg | $321 | $51K | 5.5x |
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Paradex ETHFI-USD-PERP
Bybit ETHFIUSDT
HTX ETHFI-USDT
Binance ETHFIUSDT
Extended ETHFI-USD
MEXC ETHFI_USDTShow all 24 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0080% | 1h | 0.6932 | −4.259% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.6938 | −4.166% | $1.1M | $729K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6936 | −4.196% | $16.5M | $8.1M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.6934 | −4.233% | $178K | $162K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6939 | −4.157% | $5.1M | $12.0M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6935 | −4.213% | $1.7M | $1.8M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.6932 | −4.254% | $1.1M | $183K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6934 | −4.227% | $6.1M | $3.7M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.6932 | −4.254% | — | $11.3M | — | as long as short |
| Polymarket Perps ETHFI-USDshort | +0.0100% | 1h | 0.6935 | −4.214% | $52K | $149K | 5x | |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6939 | −4.157% | $2K | $1.0M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0215% | 4h | 0.6928 | −4.309% | $1.2M | $233K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0320% | 1h | 0.7040 | −2.762% | $32K | $5K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0577% | 1h | 0.6940 | −4.139% | $300K | $300K | 20x | as long as short |
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD