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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 10:00 UTC−0.1167%/8h= −127.8% APRnext payment −$1.46 per $10,000 · paid last 24h −0.020%
Price spread now: Polymarket Perps against Bluefin+0.027%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BluefinShort on Polymarket Perps
What this pair did over the last
the charts below follow
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
The price spread pays, funding is against you. Polymarket Perps is 0.027% dearer against Bluefin than usual: you sell high and buy low (spread +0.027% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$35 a day in funding at the current rate, which eats that in about 2 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin ETH-PERP2,734.70.1267pay 0.0158% / 1h55m 02s$20K$15K25x
ShortPolymarket Perps ETH-USD2,735.40.0100get 0.0013% / 1h55m 02s$11.2M$8.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bluefin. 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

Funding earned
−$245.04
Price spread: +0.027% → 0.000%
$2.74
Slippage, 4 orders
no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$257.3
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Bluefin: no order-book sample; Polymarket Perps: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bluefin no order-book sample—————
Sell Polymarket Perps live order book, 4 min ago0.18 bp5.2 bp −$57.9 bp −$7918.9 bp −$1,893doesn't fit
Bluefin: 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.

ETH on 54 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff ETH-PERP−0.0080%1h2,738.2+0.130%$5K$1K50xas long as short
ApeX Omni ETHUSDT−0.0050%1h2,743.9+0.339%$8.3M$30.3M100xas long as short
Bybit ETHUSDT−0.0038%8h2,732.2−0.091%$2.34B$4.14B150xas long as short
Hibachi ETH/USDT-P−0.0032%1h2,743.9+0.337%$236K$1.3M20xas long as short
Phoenix ETH−0.0012%1h2,747.5+0.470%$813K$2.9M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,733.5−0.041%$12.0M—200xas long as short
dYdX ETH-USD0.0000%1h2,737.5+0.103%$11.5M$41.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,736.9+0.082%$6.5M$664.7M4.9xas long as short
Perpl ETH0.0000%43m2,733.6−0.038%$270K$5.3M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,735+0.011%$266.4M$208.0M50xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,749.8+0.553%$33.2M—200xas long as short
Gate ETH_USDT+0.0030%8h2,732.7−0.070%$3.26B$7.69B200xas long as short
01 Exchange ETHUSD+0.0048%1h2,734.6−0.002%$195K$961K50xas long as short
HTX ETH-USDT+0.0057%8h2,733.2−0.053%$1.05B$1.17B200xas long as short
OKX ETH-USDT-SWAP+0.0067%8h2,732.1−0.095%$1.65B$10.17B100xas long as short
Aster ETHUSDT+0.0069%8h2,732.7−0.073%$251.8M$798.5M200xas long as short
Binance ETHUSDT+0.0079%8h2,732.4−0.082%$6.38B$15.50B150xas long as short
MEXC ETH_USDT+0.0079%8h2,731.7−0.108%$1.56B$2.47B500xas long as short
Aevo ETH-PERP+0.0080%1h2,737.2+0.095%$4.9M$202K20xas long as short
Kraken Futures PF_ETHUSD+0.0080%1h2,734.4−0.008%$81.9M$291.5M100xas long as short
KuCoin ETHUSDTM+0.0088%8h2,733.7−0.035%$363.8M$480.6M100xas long as short
SoDEX ETH-USD+0.0094%1h2,734.1−0.020%$54.4M$160.1M40xas long as short
SunX ETH-USDT+0.0095%8h2,733.5−0.044%$942K$9.9M100xas long as short
Lighter ETH+0.0096%1h2,734.6−0.003%$112.8M$380.6M50xas long as short
Lighter RH ETH+0.0096%1h2,735.3+0.025%$24.6M$92.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,742.9+0.300%—$24.6M500xas long as short
Aftermath Perps ETHUSD+0.0098%1h2,746+0.414%$30K$12K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,734.7+0.002%$505K$3.6M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,739+0.157%$15.7M$6.6M50xas long as short
Nado ETH-PERP+0.0100%1h2,734.9+0.010%$14.5M$100.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,734.8+0.005%$3.11B$1.95B25xas long as short
Pacifica ETH+0.0100%1h2,737.4+0.101%$32.0M$326.2M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,734.9+0.009%$2.8M$15.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,736.5+0.067%$1.5M$15.2M25xas long as short
Bitget ETHUSDT+0.0100%8h2,731.8−0.105%$2.10B$2.56B150xas long as short
BingX ETH-USDC+0.0100%8h2,731.8−0.104%—$18.5M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,732.2−0.088%$14.8M$37.6M50xas long as short
Variational Omni ETH+0.0100%8h2,741.8+0.260%$131.3M$306.5M—as long as short
edgeX ETHUSDC+0.0100%4h2,742.8+0.298%$185.9M$691.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,746+0.414%$159.7M$73.1M50xas long as short
StandX ETH-USD+0.0100%1h2,744.9+0.375%$21.1M$72.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,738.3+0.132%—$412K50xas long as short
Polymarket Perps ETH-USDshort+0.0100%1h2,735.4+0.027%$11.2M$8.9M50x
Bullet ETH-USD+0.0100%1h2,733.6−0.038%$177K$1.7M20xas long as short
Phemex ETHUSDT+0.0100%8h2,734.5−0.005%$263.1M$59.4M150xas long as short
Bulk ETH-USD+0.0100%1h2,743.1+0.308%$167.4M$334.6M25xas long as short
Extended ETH-USD+0.0104%1h2,730.8−0.142%$29.9M$69.0M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,735+0.012%$45.2M$4.07B50xas long as short
Reya ETHRUSDPERP+0.0166%1h2,734.2−0.017%$7.3M$885K25xas long as short
RISEx ETH/USDC+0.0167%1h2,734.1−0.020%$5.6M$11.2M25xas long as short
Orderly PERP_ETH_USDC+0.0181%8h2,736.6+0.073%$32.3M$10.5M100xas long as short
BloFin ETH-USDT+0.0271%8h2,733.4−0.045%$281.1M$164.3M150xas long as short
Injective ETH/USDC PERP+0.0308%1h2,743.4+0.320%$118K$19.9M52xas long as short
Bluefin ETH-PERPlong+0.1267%1h2,734.7long leg$20K$15K25x