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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.010%
Price spread now: BingX against Polymarket Perps−0.020%7-day average — · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$190.189% of the position
Long on Polymarket PerpsShort on BingX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.087%−$9 on $10k
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 −$2 a day on $10k at the current rate, and BingX is 0.020% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps ETH-USD2,743.80.0100pay 0.0013% / 1h35m 14s$11.0M$8.8M50x
ShortBingX ETH-USDT2,743.20.0050get 0.0050% / 8h5h 35m—$1.15B—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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

Funding earned
−$10.5
Price spread: −0.020% → 0.000%
−$2.04
Slippage, 4 orders
−$0.87
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee BingX: 5 bp × 2 orders
−$10
Net
−$31.41
Costs to cover
0.189%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 4 min ago; BingX: 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 Polymarket Perps live order book, 4 min ago0.37 bp4.4 bp −$47.1 bp −$7115.0 bp −$1,497doesn't fit
Sell BingX live order book, 4 min ago0.04 bp5.0 bp −$55.2 bp −$526.2 bp −$6227.1 bp −$3,574

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
Hotstuff ETH-PERP−0.0080%1h2,741.5−0.084%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,743.1−0.026%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,743−0.028%$12.1M—200xas long as short
dYdX ETH-USD0.0000%1h2,742−0.065%$10.8M$41.8M50xas long as short
Perpl ETH0.0000%43m2,741.9−0.071%$304K$5.6M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,743.1−0.026%$22.2M—200xas long as short
Phoenix ETH+0.0017%1h2,741.5−0.084%$846K$2.9M25xas long as short
01 Exchange ETHUSD+0.0032%1h2,741.6−0.080%$182K$916K50xas long as short
BingX ETH-USDTshort+0.0050%8h2,743.2−0.020%—$1.15B—
ApeX Omni ETHUSDT+0.0055%1h2,738.9−0.177%$8.8M$30.9M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0063%8h2,743−0.031%$383.3M$595.0M100xas long as short
OKX ETH-USDT-SWAP+0.0064%8h2,743.3−0.020%$1.70B$10.58B100xas long as short
RISEx ETH/USDC+0.0077%1h2,741.8−0.072%$5.6M$11.2M25xas long as short
Bullet ETH-USD+0.0079%1h2,742.6−0.045%$181K$1.7M20xas long as short
Aster ETHUSDT+0.0079%8h2,742.7−0.039%$252.3M$841.2M200xas long as short
MEXC ETH_USDT+0.0088%8h2,742.9−0.033%$1.56B$2.54B500xas long as short
Aevo ETH-PERP+0.0088%1h2,740.5−0.119%$4.9M$155K20xas long as short
Binance ETHUSDT+0.0089%8h2,743−0.028%$6.37B$15.70B150xas long as short
HTX ETH-USDT+0.0095%8h2,742.4−0.052%$1.06B$1.18B200xas long as short
Lighter ETH+0.0096%1h2,743.2−0.021%$112.7M$433.1M50xas long as short
Lighter RH ETH+0.0096%1h2,744.9+0.039%$24.6M$103.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,742.2−0.057%—$30.7M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,744.5+0.024%$58.6M$4.27B50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,744.9+0.041%$16.0M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,741.2−0.095%$467K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,741.9−0.069%$13.9M$105.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,745.4+0.056%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,741.7−0.077%$31.6M$335.1M50xas long as short
Bybit ETHUSDT+0.0100%8h2,743.1−0.026%$2.45B$4.17B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,740.4−0.124%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,741.7−0.076%$2.7M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,741.5−0.083%$164.1M$300.8M25xas long as short
Gate ETH_USDT+0.0100%8h2,743.4−0.013%$3.39B$8.72B200xas long as short
Bitget ETHUSDT+0.0100%8h2,743.3−0.019%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,742.1−0.063%$15.0M$40.9M50xas long as short
Variational Omni ETH+0.0100%8h2,740.7−0.114%$132.6M$333.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,737.1−0.244%$181.9M$690.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,740−0.140%$159.3M$83.6M50xas long as short
StandX ETH-USD+0.0100%1h2,740.1−0.135%$21.2M$68.2M40xas long as short
Polymarket Perps ETH-USDlong+0.0100%1h2,743.8long leg$11.0M$8.8M50x
Derive ETH-PERP+0.0100%1h2,744.8+0.036%$41.5M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,741.2−0.093%$962K$11.5M100xas long as short
SoDEX ETH-USD+0.0100%1h2,743−0.029%$54.6M$187.5M40xas long as short
Phemex ETHUSDT+0.0100%8h2,742.8−0.037%$266.8M$65.0M150xas long as short
Vest ETH-PERP+0.0100%1h2,742.6−0.042%—$819K50xas long as short
Extended ETH-USD+0.0104%1h2,742.2−0.057%$30.6M$72.4M50xas long as short
Bluefin ETH-PERP+0.0107%1h2,742.8−0.036%$21K$20K25xas long as short
Aftermath Perps ETHUSD+0.0134%1h2,741.4−0.087%$30K$20K20xas long as short
Deribit ETH-PERPETUAL+0.0155%1h2,744.5+0.024%$258.8M$196.1M50xas long as short
Kalshi KXETHPERP+0.0157%8h2,742.5−0.047%$7.6M$669.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0189%8h2,745+0.043%$32.3M$11.3M100xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,744.1+0.013%$87.1M$310.2M100xas long as short
Reya ETHRUSDPERP+0.0226%1h2,742.3−0.054%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,741.4−0.086%$252K$1.4M20xas long as short
BloFin ETH-USDT+0.0251%8h2,743−0.028%$285.0M$182.0M150xas long as short