Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0341%/8h= +37.4% APRpaid last 24h +0.042%

Price spread now: BloFin against Polymarket Perps+0.165%45s7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs+$26as 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−$290.288% of the position

Long on Polymarket Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.543%+$54 on $10k

Price spread, last 4 days (all we have)+0.552%+$55 · spread now +0.165%, 7d avg +0.033%

Together, before fees+1.095%+$110 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and BloFin is 0.131% dearer against Polymarket Perps than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.033%. The two prices were read 45 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	Polymarket Perps ARB-USD	0.2186	−0.0179	get 0.0022% / 1h	24m 00s	$69K	$2.1M	10x
Short	BloFin ARB-USDT	0.2189	0.0162	get 0.0162% / 8h	3h 24m	$3.1M	$2.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.165%Rate

Funding earned: $71.67
Price spread: +0.165% → +0.033%: $13.13
Slippage, 4 orders: −$8.76
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: $56.03
Costs to cover: 0.288%
Break-even: 1.5 days

Slippage from Polymarket Perps: live order book, 5 min ago; BloFin: live order book, 9 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, 5 min ago	2.74 bp	6.7 bp −$7	9.0 bp −$90	doesn't fit	doesn't fit
Sell BloFin live order book, 9 min ago	1.14 bp	8.0 bp −$8	21.6 bp −$216	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	−0.1589%	1h	0.2181	−0.220%	$39K	$372K	12x	as long as short
Polymarket Perps ARB-USDlong	−0.0179%	1h	0.2186	long leg	$69K	$2.1M	10x
OKX ARB-USDT-SWAP	−0.0104%	8h	0.2185	−0.041%	$22.0M	$141.9M	50x	as long as short
MEXC ARB_USDT	−0.0101%	8h	0.2186	−0.005%	$41.6M	$60.6M	200x	as long as short
Variational Omni ARB	−0.0099%	8h	0.2188	+0.112%	$1.8M	$3.0M	—	as long as short
Orderly PERP_ARB_USDC	−0.0067%	8h	0.2187	+0.055%	$13K	$407K	10x	as long as short
Bybit ARBUSDT	−0.0061%	8h	0.2185	−0.041%	$55.2M	$123.3M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0050%	1h	0.2186	+0.013%	$1.0M	$4.4M	50x	as long as short
Gate ARB_USDT	−0.0010%	8h	0.2186	+0.009%	$5.3M	$18.1M	60x	as long as short
01 Exchange ARBUSD	−0.0008%	1h	0.2189	+0.137%	$7K	$2K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2191	+0.219%	$65K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2186	+0.027%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2187	+0.046%	$44K	—	150x	as long as short
Extended ARB-USD	+0.0040%	1h	0.2184	−0.077%	$349K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0044%	8h	0.2186	+0.023%	$63.7M	$299.2M	75x	as long as short
Bitget ARBUSDT	+0.0053%	8h	0.2184	−0.082%	$20.7M	$33.8M	50x	as long as short
BingX ARB-USDT	+0.0056%	8h	0.2185	−0.014%	—	$53.6M	—	as long as short
Lighter ARB	+0.0096%	1h	0.2186	+0.005%	$1.3M	$5.5M	15x	as long as short
Aevo ARB-PERP	+0.0096%	1h	0.2188	+0.094%	$139K	$7K	3x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2188	+0.091%	$37.3M	$48.3M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2188	+0.079%	$630K	$1.5M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2189	+0.151%	$42K	$159K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2186	+0.023%	$19.5M	$14.5M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2188	+0.095%	$38K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2194	+0.375%	$472K	$3.5M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2189	+0.146%	$118K	$283K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2188	+0.101%	$2K	$1.1M	30x	as long as short
SoDEX ARB-USD	+0.0100%	1h	0.2185	−0.018%	$10K	$2.2M	5x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2188	+0.091%	$297K	$882K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2186	+0.009%	$4.9M	$12.8M	50x	as long as short
RISEx ARB/USDC	+0.0118%	1h	0.2189	+0.142%	$468K	$2.6M	10x	as long as short
BloFin ARB-USDTshort	+0.0162%	8h	0.2189	+0.165%	$3.1M	$2.5M	75x
Coinbase International ARB-PERP-INTX	+0.0256%	1h	0.2194	+0.375%	$494K	$1.6M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2187	+0.065%	$825K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2185	−0.040%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0544%	1h	0.2189	+0.128%	$984K	$2.8M	20x	as long as short