Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h −0.026%

Price spread now: Polymarket Perps against Bybit−0.009%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$270.271% of the position

Long on Bybit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.418%−$42 on $10k

Price spread, last 7 days+0.026%+$3 · spread now −0.009%, 7d avg +0.009%

Together, before fees−0.392%−$39 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.009%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.418%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARBUSDT	0.2238	−0.0147	get 0.0147% / 8h	1h 18m	$57.9M	$133.2M	50x
Short	Polymarket Perps ARB-USD	0.2238	−0.0123	pay 0.0015% / 1h	18m 15s	$73K	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bybit. 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 BybitbpFee Polymarket PerpsbpOrdersPrice spread, now −0.009%Rate

Funding earned: $4.94
Price spread: −0.009% → +0.009%: −$1.78
Slippage, 4 orders: −$8.06
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$23.89
Costs to cover: 0.271%
Break-even: 40.9 days

Slippage from Bybit: live order book, 1 min ago; Polymarket Perps: live order book, 6 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 Bybit live order book, 1 min ago	0.22 bp	8.0 bp −$8	17.2 bp −$172	45.3 bp −$4,527	doesn't fit
Sell Polymarket Perps live order book, 6 min ago	2.24 bp	6.2 bp −$6	7.9 bp −$79	doesn't fit	doesn't fit

ARB on 36 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
Injective ARB/USDC PERP	−0.1770%	1h	0.2230	−0.380%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0232%	1h	0.2237	−0.049%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0196%	1h	0.2238	−0.009%	$4K	$2.8M	5x	as long as short
Variational Omni ARB	−0.0168%	8h	0.2238	−0.010%	$1.9M	$2.7M	—	as long as short
Bybit ARBUSDTlong	−0.0147%	8h	0.2238	long leg	$57.9M	$133.2M	50x
Polymarket Perps ARB-USDshort	−0.0123%	1h	0.2238	−0.009%	$73K	$2.0M	10x
OKX ARB-USDT-SWAP	−0.0100%	8h	0.2238	−0.009%	$22.5M	$160.7M	50x	as long as short
MEXC ARB_USDT	−0.0100%	8h	0.2239	+0.018%	$37.2M	$62.7M	200x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0063%	1h	0.2239	+0.031%	$26K	$32K	25x	as long as short
Orderly PERP_ARB_USDC	−0.0038%	8h	0.2238	−0.022%	$10K	$395K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ARBUSDT	−0.0009%	8h	0.2240	+0.045%	$64.1M	$316.9M	75x	as long as short
Extended ARB-USD	−0.0008%	1h	0.2238	−0.034%	$356K	$2.4M	25x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2241	+0.099%	$66K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2240	+0.067%	$56K	—	150x	as long as short
Gate ARB_USDT	+0.0033%	8h	0.2239	+0.018%	$5.5M	$20.7M	60x	as long as short
Bitget ARBUSDT	+0.0068%	8h	0.2239	+0.022%	$21.0M	$37.3M	50x	as long as short
BingX ARB-USDC	+0.0073%	8h	0.2237	−0.049%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2240	+0.067%	$146K	$12K	3x	as long as short
Kraken Futures PF_ARBUSD	+0.0085%	1h	0.2240	+0.081%	$1.1M	$5.1M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2240	+0.089%	$1.3M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2242	+0.138%	$40.1M	$50.6M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2239	+0.042%	$696K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2240	+0.070%	$44K	$193K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2240	+0.045%	$20.6M	$16.4M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2239	+0.037%	$40K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2240	+0.068%	$486K	$3.9M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2240	+0.067%	$121K	$295K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2241	+0.112%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2238	−0.022%	$276K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2239	+0.022%	$5.2M	$13.4M	50x	as long as short
BloFin ARB-USDT	+0.0112%	8h	0.2239	+0.040%	$3.0M	$3.3M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0264%	1h	0.2242	+0.156%	$506K	$2.3M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0274% / S −0.0156%	1h	0.2240	+0.050%	$840K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2238	−0.036%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0363%	1h	0.2240	+0.082%	$495K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0624%	1h	0.2243	+0.219%	$1.1M	$2.7M	20x	as long as short