Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: Polymarket Perps against Gate+0.107%48s7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$470.472% of the position

Long on Gate Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.353%−$35 on $10k

Price spread, last 7 days−0.124%−$12 · spread now +0.107%, 7d avg −0.010%

Together, before fees−0.477%−$48 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.117% dearer against Gate than usual: you sell high and buy low (spread +0.107% now, against its 7-day average of −0.010%): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days. At the pace of the last 7 days (−0.353% in total) that is about 2.3 days. The two prices were read 48 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	Gate ARB_USDT	0.2241	0.0009	pay 0.0009% / 8h	2h 21m	$5.5M	$21.6M	60x
Short	Polymarket Perps ARB-USD	0.2244	−0.0023	pay 0.0003% / 1h	21m 43s	$77K	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Gate. 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 GatebpFee Polymarket PerpsbpOrdersPrice spread, now +0.107%Rate

Funding earned: −$6.69
Price spread: +0.107% → −0.010%: $11.7
Slippage, 4 orders: −$24.23
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$42.23
Costs to cover: 0.472%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Polymarket Perps: live order book, 7 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 Gate live order book, 2 min ago	2.45 bp	19.0 bp −$19	34.4 bp −$344	95.7 bp −$9,566	doesn't fit
Sell Polymarket Perps live order book, 7 min ago	2.89 bp	6.9 bp −$7	11.9 bp −$119	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	−0.1675%	1h	0.2232	−0.419%	$40K	$197K	12x	as long as short
01 Exchange ARBUSD	−0.0288%	1h	0.2242	+0.009%	$7K	$2K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0195%	1h	0.2244	+0.129%	$38K	$20K	25x	as long as short
Variational Omni ARB	−0.0169%	8h	0.2250	+0.385%	$1.9M	$2.8M	—	as long as short
Bybit ARBUSDT	−0.0162%	8h	0.2241	−0.009%	$56.4M	$135.9M	50x	as long as short
SoDEX ARB-USD	−0.0115%	1h	0.2243	+0.062%	$4K	$2.9M	5x	as long as short
OKX ARB-USDT-SWAP	−0.0096%	8h	0.2240	−0.049%	$22.3M	$165.2M	50x	as long as short
MEXC ARB_USDT	−0.0095%	8h	0.2240	−0.040%	$37.4M	$63.7M	200x	as long as short
Kraken Futures PF_ARBUSD	−0.0053%	1h	0.2245	+0.145%	$1.1M	$5.2M	50x	as long as short
Polymarket Perps ARB-USDshort	−0.0023%	1h	0.2244	+0.107%	$77K	$2.2M	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ARB_USDC	−0.0017%	8h	0.2244	+0.116%	$11K	$388K	10x	as long as short
Binance ARBUSDT	−0.0005%	8h	0.2241	+0.004%	$63.8M	$324.7M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2243	+0.066%	$66K	$4K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2240	−0.051%	$357K	$2.4M	25x	as long as short
BloFin ARB-USDT	+0.0001%	8h	0.2240	−0.045%	$3.0M	$3.3M	75x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2245	+0.157%	$56K	—	150x	as long as short
Gate ARB_USDTlong	+0.0009%	8h	0.2241	long leg	$5.5M	$21.6M	60x
Aevo ARB-PERP	+0.0080%	1h	0.2244	+0.121%	$147K	$12K	3x	as long as short
BingX ARB-USDC	+0.0085%	8h	0.2239	−0.120%	—	$6.5M	—	as long as short
Bitget ARBUSDT	+0.0087%	8h	0.2240	−0.062%	$21.0M	$38.4M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2243	+0.071%	$1.3M	$7.7M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2244	+0.129%	$40.1M	$52.8M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2242	+0.036%	$697K	$1.8M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2243	+0.058%	$47K	$200K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2242	+0.022%	$20.7M	$17.0M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2250	+0.373%	$40K	$454K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2250	+0.385%	$485K	$4.1M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2251	+0.428%	$122K	$297K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2244	+0.116%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2243	+0.054%	$276K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2241	−0.018%	$5.3M	$13.7M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0154% / S −0.0018%	1h	0.2245	+0.179%	$851K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2244	+0.116%	$500K	$2.5M	50x	as long as short
Reya ARBRUSDPERP	+0.0291%	1h	0.2243	+0.085%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0546%	1h	0.2243	+0.087%	$493K	$2.9M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0562%	1h	0.2246	+0.187%	$1.1M	$2.7M	20x	as long as short