After costs, if the gap returns to its 7d average, $10k−$11
spread now+0.072%7d average−0.011%fees + slippage, in and out−$20spread needed0.196%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps ETH-USD | 2,745.6 | 0.0100 | pay 0.0013% / 1h | 38m 36s | $10.7M | $5.4M | 50x |
| Short | Binance ETHUSDT | 2,747.6 | 0.0057 | get 0.0057% / 8h | 6h 38m | $6.52B | $15.82B | 150x |
Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $7.16
- Funding while held
- −$1.28
- Slippage, 4 orders
- −$1.57
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$13.69
- Spread needed to break even
- 0.196%
Slippage from Polymarket Perps: live order book, 7 min ago; Binance: live order book, 7 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0043%
- Per $10,000 a day
- −$1.28
- Average in range /8h
- —
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, 7 min ago | 0.18 bp | 4.4 bp −$4 | 5.3 bp −$53 | 8.4 bp −$839 | doesn't fit |
| Sell Binance live order book, 7 min ago | 0.02 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.4 bp −$543 | 7.9 bp −$3,938 |
ETH price on every exchange
against the cheapest. Click to use as the short leg.ETH on 54 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SunX ETH-USDT | −0.062% | +0.0080% | 8h | $956K | $14.3M | 100x | as long as short |
| Hotstuff ETH-PERP | −0.055% | −0.0080% | 1h | $5K | $2K | 50x | as long as short |
| Perpl ETH | −0.051% | −0.0447% | 43m | $365K | $6.2M | 8.3x | as long as short |
| StandX ETH-USD | −0.044% | +0.0100% | 1h | $21.1M | $51.5M | 40x | as long as short |
| Variational Omni ETH | −0.042% | +0.0100% | 8h | $145.0M | $312.9M | — | as long as short |
| edgeX ETHUSDC | −0.034% | +0.0100% | 4h | $178.1M | $748.9M | 100x | as long as short |
| Hibachi ETH/USDT-P | −0.025% | +0.0200% | 1h | $282K | $1.4M | 20x | as long as short |
| ApeX Omni ETHUSDT | −0.023% | −0.0131% | 1h | $8.0M | $27.9M | 100x | as long as short |
| Phoenix ETH | −0.022% | +0.0078% | 1h | $1.3M | $2.2M | 25x | as long as short |
| Aevo ETH-PERP | −0.019% | +0.0056% | 1h | $5.0M | $692K | 20x | as long as short |
Show all 54 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ETH/USDC PERP | −0.018% | −0.0275% | 1h | $118K | $22.5M | 52x | as long as short |
| Bullet ETH-USD | −0.015% | +0.0076% | 1h | $196K | $1.8M | 20x | as long as short |
| Reya ETHRUSDPERP | −0.014% | +0.0187% | 1h | $7.3M | $933K | 25x | as long as short |
| Kalshi KXETHPERP | 0.000% | +0.0146% | 8h | $9.8M | $584.4M | 4.9x | as long as short |
| Polymarket Perps ETH-USDlong | 0.000% | +0.0100% | 1h | $10.7M | $5.4M | 50x | |
| Jupiter Perps ETH-PERP | +0.012% | L +0.0096% / S +0.0048% | 1h | — | $43.8M | 500x | as long as short |
| GMX ETH/USD [ETH-USDC] | +0.023% | L −0.0013% / S +0.0045% | 1h | $11.8M | — | 200x | as long as short |
| Nado ETH-PERP | +0.033% | +0.0100% | 1h | $17.6M | $110.7M | 50x | as long as short |
| Phemex ETHUSDT | +0.038% | +0.0058% | 8h | $264.9M | $65.7M | 150x | as long as short |
| BloFin ETH-USDT | +0.042% | +0.0178% | 8h | $293.6M | $172.0M | 150x | as long as short |
| SoDEX ETH-USD | +0.044% | −0.0016% | 1h | $55.4M | $161.8M | 40x | as long as short |
| Backpack ETH_USDC_PERP | +0.046% | +0.0100% | 1h | $15.5M | $39.2M | 50x | as long as short |
| HTX ETH-USDT | +0.046% | +0.0070% | 8h | $1.08B | $1.18B | 200x | as long as short |
| gTrade (Gains Network) ETH/USD | +0.050% | L +0.0006% / S −0.0006% | 1h | $22.2M | — | 200x | as long as short |
| Aster ETHUSDT | +0.055% | +0.0100% | 8h | $271.1M | $876.1M | 200x | as long as short |
| OKX ETH-USDT-SWAP | +0.056% | +0.0012% | 8h | $1.72B | $11.03B | 100x | as long as short |
| Vest ETH-PERP | +0.058% | +0.0100% | 1h | — | $1.0M | 50x | as long as short |
| Bybit ETHUSDT | +0.066% | +0.0100% | 8h | $2.51B | $4.37B | 150x | as long as short |
| Binance ETHUSDTshort | +0.072% | +0.0057% | 8h | $6.52B | $15.82B | 150x | |
| Bluefin ETH-PERP | +0.079% | +0.0100% | 1h | $21K | $26K | 25x | as long as short |
| Bitget ETHUSDT | +0.087% | +0.0083% | 8h | $2.10B | $3.08B | 150x | as long as short |
| Katana Perps ETH-USD | +0.095% | +0.0100% | 8h | $474K | $2.2M | 50x | as long as short |
| Ondo Perps ETH-USD.P | +0.102% | +0.0100% | 1h | $2.9M | $14.9M | 25x | as long as short |
| Bulk ETH-USD | +0.105% | +0.0030% | 1h | $160.2M | $270.4M | 25x | as long as short |
| Kraken Futures PF_ETHUSD | +0.110% | +0.0208% | 1h | $84.8M | $320.4M | 100x | as long as short |
| Arcus ETH-USD | +0.113% | +0.0100% | 1h | $2.7M | $16.3M | 25x | as long as short |
| Aftermath Perps ETHUSD | +0.115% | +0.0293% | 1h | $29K | $20K | 20x | as long as short |
| 01 Exchange ETHUSD | +0.117% | +0.0024% | 1h | $181K | $1.2M | 50x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.118% | +0.0136% | 1h | $59.6M | $4.58B | 50x | as long as short |
| Deribit ETH-PERPETUAL | +0.119% | +0.0099% | 1h | $258.5M | $206.3M | 50x | as long as short |
| RISEx ETH/USDC | +0.126% | +0.0105% | 1h | $5.8M | $12.0M | 25x | as long as short |
| Orderly PERP_ETH_USDC | +0.135% | +0.0167% | 8h | $32.3M | $10.7M | 100x | as long as short |
| Lighter ETH | +0.136% | +0.0096% | 1h | $115.9M | $491.5M | 50x | as long as short |
| Hyperliquid ETH | +0.138% | +0.0153% | 1h | $3.25B | $2.09B | 25x | as long as short |
| Derive ETH-PERP | +0.140% | +0.0100% | 1h | $42.4M | $29.7M | 15x | as long as short |
| dYdX ETH-USD | +0.143% | −0.0009% | 1h | $13.7M | $37.4M | 50x | as long as short |
| Pacifica ETH | +0.147% | +0.0100% | 1h | $31.1M | $234.0M | 50x | as long as short |
| MEXC ETH_USDT | +0.148% | +0.0057% | 8h | $1.56B | $2.41B | 500x | as long as short |
| BingX ETH-USDC | +0.155% | +0.0100% | 8h | — | $16.8M | — | as long as short |
| Extended ETH-USD | +0.158% | +0.0080% | 1h | $31.7M | $75.2M | 50x | as long as short |
| Gate ETH_USDT | +0.158% | +0.0064% | 8h | $3.40B | $8.83B | 200x | as long as short |
| KuCoin ETHUSDTM | +0.162% | +0.0100% | 8h | $441.4M | $677.7M | 100x | as long as short |
| Lighter RH ETH | +0.174% | +0.0096% | 1h | $25.2M | $119.0M | 50x | as long as short |
| Paradex ETH-USD-PERP | +0.278% | +0.0100% | 8h | $14.9M | $10.9M | 50x | as long as short |
Polymarket Perps ETH-USD
Binance ETHUSDT
SunX
StandX
Variational Omni
ApeX Omni
Phoenix
Injective
Bullet
GMX
Phemex
BloFin
SoDEX
Backpack
HTX
gTrade (Gains Network)
Aster
OKX
Bybit
Bluefin
Bitget
Katana Perps
Bulk
Kraken Futures
Coinbase International
Deribit
RISEx
Lighter
Hyperliquid
Derive
Pacifica
MEXC
BingX
Extended
Gate
KuCoin
Lighter RH
Paradex