Funding you earn now, next payment 22:00 UTC−0.0405%/8h= −44.4% APRnext payment −$0.51 per $10,000 · paid last 24h −0.021%
Price spread now: Deribit against Polymarket Perps−0.058%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Deribit is 0.058% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps ARB-USD | 0.2226 | −0.0064 | get 0.0008% / 1h | 7m 20s | $77K | $2.2M | 10x |
| Short | Deribit ARB_USDC-PERPETUAL | 0.2225 | −0.0469 | pay 0.0059% / 1h | 7m 20s | $38K | $20K | 25x |
Polymarket Perps ARB-USD
Deribit ARB_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$85.07
- Price spread: −0.058% → 0.000%
- −$5.84
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$105.91
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Polymarket Perps: live order book, 1 min ago; Deribit: no order-book sample. 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 Polymarket Perps live order book, 1 min ago | 1.79 bp | 7.1 bp −$7 | 10.2 bp −$102 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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.
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 | 0.2212 | −0.651% | $40K | $197K | 12x | as long as short |
| Deribit ARB_USDC-PERPETUALshort | −0.0469% | 1h | 0.2225 | −0.058% | $38K | $20K | 25x | |
| 01 Exchange ARBUSD | −0.0272% | 1h | 0.2226 | −0.040% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0159% | 8h | 0.2225 | −0.054% | $1.9M | $2.8M | — | as long as short |
| Bybit ARBUSDT | −0.0137% | 8h | 0.2225 | −0.058% | $56.1M | $135.7M | 50x | as long as short |
| SoDEX ARB-USD | −0.0137% | 1h | 0.2224 | −0.103% | $4K | $2.9M | 5x | as long as short |
| OKX ARB-USDT-SWAP | −0.0110% | 8h | 0.2224 | −0.108% | $22.2M | $163.7M | 50x | as long as short |
| MEXC ARB_USDT | −0.0108% | 8h | 0.2226 | −0.018% | $36.9M | $63.9M | 200x | as long as short |
| Polymarket Perps ARB-USDlong | −0.0064% | 1h | 0.2226 | long leg | $77K | $2.2M | 10x | |
| Kraken Futures PF_ARBUSD | −0.0053% | 1h | 0.2226 | −0.006% | $1.1M | $5.3M | 50x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Variational Omni ARB
Bybit ARBUSDT
SoDEX ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Kraken Futures PF_ARBUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended ARB-USD | −0.0024% | 1h | 0.2224 | −0.117% | $355K | $2.4M | 25x | as long as short |
| Orderly PERP_ARB_USDC | −0.0022% | 8h | 0.2225 | −0.067% | $10K | $389K | 10x | as long as short |
| Binance ARBUSDT | −0.0021% | 8h | 0.2225 | −0.076% | $63.3M | $324.6M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2230 | +0.156% | $66K | $4K | 10x | as long as short |
| Gate ARB_USDT | +0.0002% | 8h | 0.2228 | +0.049% | $5.5M | $21.6M | 60x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2227 | +0.022% | $56K | — | 150x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2225 | −0.074% | $145K | $12K | 3x | as long as short |
| Bitget ARBUSDT | +0.0089% | 8h | 0.2226 | −0.022% | $20.9M | $38.2M | 50x | as long as short |
| BingX ARB-USDT | +0.0089% | 8h | 0.2225 | −0.067% | — | $54.0M | — | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2229 | +0.099% | $1.3M | $7.8M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2230 | +0.135% | $39.7M | $52.5M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2230 | +0.153% | $692K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2230 | +0.144% | $45K | $200K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2228 | +0.085% | $20.5M | $16.9M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2231 | +0.193% | $36K | $459K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2231 | +0.203% | $483K | $4.1M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2230 | +0.157% | $121K | $297K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2226 | −0.022% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2228 | +0.049% | $274K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2226 | −0.022% | $5.2M | $13.7M | 50x | as long as short |
| BloFin ARB-USDT | +0.0103% | 8h | 0.2232 | +0.247% | $3.0M | $3.3M | 75x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0153% / S −0.0018% | 1h | 0.2226 | −0.003% | $845K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2249 | +1.011% | $504K | $2.5M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2226 | −0.018% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0546% | 1h | 0.2229 | +0.115% | $494K | $2.8M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0554% | 1h | 0.2234 | +0.323% | $1.1M | $2.7M | 20x | as long as short |
Extended ARB-USD
Orderly PERP_ARB_USDC
Binance ARBUSDT
dYdX ARB-USD
Gate ARB_USDT
gTrade (Gains Network) ARB/USD
Aevo ARB-PERP
Bitget ARBUSDT
BingX ARB-USDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
BloFin ARB-USDT
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP