Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.028%

Price spread now: BingX against Polymarket Perps−0.221%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs+$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$230.234% of the position

Long on Polymarket Perps Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.458%+$46 on $10k

Price spread, last 7 days+0.173%+$17 · spread now −0.221%, 7d avg −0.006%

Together, before fees+0.631%+$63 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: BingX is 0.215% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ARB-USD	0.2221	0.0100	pay 0.0013% / 1h	21m 00s	$74K	$2.1M	10x
Short	BingX ARB-USDT	0.2217	0.0100	get 0.0100% / 8h	6h 21m	—	$54.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Polymarket Perps. 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 Polymarket PerpsbpFee BingXbpOrdersPrice spread, now −0.221%Rate

Funding earned: $0
Price spread: −0.221% → −0.006%: −$21.49
Slippage, 4 orders: −$5.4
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$44.89
Costs to cover: 0.234%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 3 min ago; BingX: live order book, 3 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 Polymarket Perps live order book, 3 min ago	1.35 bp	5.4 bp −$5	8.3 bp −$83	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	1.35 bp	6.3 bp −$6	6.3 bp −$63	11.0 bp −$1,103	71.4 bp −$35.7K

ARB on 35 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	−0.1692%	1h	0.2215	−0.293%	$40K	$372K	12x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0291%	1h	0.2217	−0.185%	$24K	$34K	25x	as long as short
01 Exchange ARBUSD	−0.0232%	1h	0.2221	−0.005%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0229%	1h	0.2218	−0.176%	$10K	$2.5M	5x	as long as short
Variational Omni ARB	−0.0167%	8h	0.2218	−0.169%	$1.9M	$2.9M	—	as long as short
MEXC ARB_USDT	−0.0124%	8h	0.2217	−0.198%	$39.4M	$60.2M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0123%	8h	0.2215	−0.315%	$22.4M	$156.5M	50x	as long as short
Gate ARB_USDT	−0.0072%	8h	0.2217	−0.207%	$5.4M	$19.9M	60x	as long as short
Orderly PERP_ARB_USDC	−0.0061%	8h	0.2218	−0.158%	$12K	$383K	10x	as long as short
Bybit ARBUSDT	−0.0054%	8h	0.2215	−0.293%	$56.7M	$128.6M	50x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ARBUSDT	−0.0002%	8h	0.2216	−0.261%	$64.6M	$317.6M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2224	+0.108%	$66K	$5K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2217	−0.206%	$355K	$2.5M	25x	as long as short
ApeX Omni ARBUSDT	+0.0001%	1h	0.2225	+0.158%	$120K	$286K	50x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0011%	1h	0.2218	−0.139%	$10K	—	150x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2218	−0.147%	$141K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2218	−0.171%	$1.2M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2218	−0.176%	$38.7M	$51.8M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2219	−0.113%	$661K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2223	+0.078%	$42K	$186K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2218	−0.162%	$19.6M	$15.8M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2215	−0.293%	$21.2M	$36.4M	50x	as long as short
BingX ARB-USDTshort	+0.0100%	8h	0.2217	−0.221%	—	$54.6M	—
edgeX ARBUSDC	+0.0100%	4h	0.2222	+0.024%	$40K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2224	+0.096%	$474K	$3.7M	10x	as long as short
Polymarket Perps ARB-USDlong	+0.0100%	1h	0.2221	long leg	$74K	$2.1M	10x
SunX ARB-USDT	+0.0100%	8h	0.2222	+0.023%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2218	−0.158%	$298K	$996K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2219	−0.113%	$5.0M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0240%	1h	0.2217	−0.194%	$507K	$2.1M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2220	−0.063%	$829K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2219	−0.104%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSD	+0.0311%	1h	0.2219	−0.123%	$1.1M	$4.7M	50x	as long as short
RISEx ARB/USDC	+0.0466%	1h	0.2223	+0.052%	$480K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0542%	1h	0.2220	−0.081%	$1.0M	$2.9M	20x	as long as short