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Funding arb · Price arb /

ETH

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Alert: spread
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Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Polymarket Perps against edgeX+0.148%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$8as in the Price arb table
costs, in and out, $10k−$190.185% of the position
Long on edgeXShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days−0.026%−$3 on $10k
Price spread, last 7 days−0.128%−$13 · spread now +0.148%, 7d avg +0.042%
Together, before fees−0.155%+ Points / potential airdropedgeX: Active · farm board−$15 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: Polymarket Perps is 0.105% dearer against edgeX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.042%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX ETHUSDC2,737.90.0100pay 0.0050% / 4h3h 54m$184.2M$669.5M100x
ShortPolymarket Perps ETH-USD2,741.90.0100get 0.0013% / 1h54m 40s$11.2M$9.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against edgeX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.148% → +0.042%
$10.54
Slippage, 4 orders
−$1.53
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$7.99
Costs to cover
0.185%
Break-even
never at this rate
Slippage from edgeX: live order book, 5 min ago; Polymarket Perps: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 5 min ago0.07 bp4.9 bp −$54.9 bp −$495.1 bp −$5056.4 bp −$3,191
Sell Polymarket Perps live order book, 4 min ago0.18 bp4.5 bp −$54.5 bp −$4513.1 bp −$1,307doesn't fit

ETH on 55 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
Perpl ETH−0.0447%43m2,739.4+0.056%$298K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,740.2+0.086%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,741.2+0.124%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,741.1+0.120%$10.7M$41.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,740.1+0.082%$6.7M$680.3M4.9xas long as short
Phoenix ETH0.0000%1h2,739.6+0.064%$826K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,741.6+0.136%$28.1M—200xas long as short
HTX ETH-USDT+0.0021%8h2,741.5+0.132%$1.06B$1.20B200xas long as short
Bullet ETH-USD+0.0031%1h2,740.6+0.100%$180K$1.7M20xas long as short
01 Exchange ETHUSD+0.0040%1h2,740.8+0.107%$187K$818K50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0042%8h2,740.3+0.087%—$1.15B—as long as short
Bybit ETHUSDT+0.0049%8h2,740.9+0.110%$2.37B$4.37B150xas long as short
KuCoin ETHUSDTM+0.0068%8h2,741.2+0.123%$380.6M$574.2M100xas long as short
OKX ETH-USDT-SWAP+0.0075%8h2,740.9+0.110%$1.67B$10.76B100xas long as short
Phemex ETHUSDT+0.0077%8h2,741.8+0.145%$266.2M$65.1M150xas long as short
Aster ETHUSDT+0.0090%8h2,740.8+0.106%$251.4M$842.5M200xas long as short
Lighter ETH+0.0096%1h2,741.8+0.144%$113.2M$430.3M50xas long as short
Lighter RH ETH+0.0096%1h2,742.6+0.172%$23.5M$103.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,740.1+0.082%—$31.0M500xas long as short
Aevo ETH-PERP+0.0096%1h2,737.8−0.004%$4.9M$155K20xas long as short
Injective ETH/USDC PERP+0.0096%1h2,734.2−0.134%$117K$22.5M52xas long as short
MEXC ETH_USDT+0.0098%8h2,740.9+0.110%$1.56B$2.54B500xas long as short
Binance ETHUSDT+0.0098%8h2,741.3+0.127%$6.37B$15.90B150xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,746+0.296%$15.7M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,740.4+0.093%$505K$3.3M50xas long as short
Nado ETH-PERP+0.0100%1h2,740.1+0.082%$13.6M$104.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,743+0.188%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,742.4+0.166%$32.0M$334.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,740.2+0.086%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,740.8+0.107%$1.6M$15.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,739.7+0.066%$171.0M$325.1M25xas long as short
Gate ETH_USDT+0.0100%8h2,740.7+0.104%$3.34B$8.83B200xas long as short
Bitget ETHUSDT+0.0100%8h2,740.4+0.094%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,741.5+0.132%$15.2M$40.7M50xas long as short
Variational Omni ETH+0.0100%8h2,738.5+0.023%$134.0M$323.1M—as long as short
edgeX ETHUSDClong+0.0100%4h2,737.9long leg$184.2M$669.5M100x
GRVT ETH_USDT_Perp+0.0100%8h2,738.7+0.032%$159.3M$86.4M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,738.6+0.028%$8.7M$31.3M100xas long as short
StandX ETH-USD+0.0100%1h2,738+0.005%$21.1M$68.2M40xas long as short
Polymarket Perps ETH-USDshort+0.0100%1h2,741.9+0.148%$11.2M$9.3M50x
Bluefin ETH-PERP+0.0100%1h2,741.5+0.133%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,743+0.189%$41.4M$29.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,738.7+0.030%$961K$11.3M100xas long as short
SoDEX ETH-USD+0.0100%1h2,741.5+0.133%$54.6M$187.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,740.6+0.101%—$843K50xas long as short
Extended ETH-USD+0.0104%1h2,739.6+0.065%$30.6M$72.9M50xas long as short
RISEx ETH/USDC+0.0107%1h2,740.6+0.102%$5.7M$11.7M25xas long as short
Aftermath Perps ETHUSD+0.0114%1h2,738.1+0.008%$30K$20K20xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,743+0.186%$51.2M$4.28B50xas long as short
Kraken Futures PF_ETHUSD+0.0152%1h2,742.7+0.177%$83.7M$315.4M100xas long as short
Deribit ETH-PERPETUAL+0.0166%1h2,743+0.187%$260.4M$197.7M50xas long as short
Orderly PERP_ETH_USDC+0.0199%8h2,743.6+0.211%$32.3M$11.7M100xas long as short
Reya ETHRUSDPERP+0.0215%1h2,739.8+0.072%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0280%1h2,738.8+0.035%$248K$1.4M20xas long as short
BloFin ETH-USDT+0.0395%8h2,741.5+0.132%$283.7M$176.1M150xas long as short