Settings8H · net · $10k
Funding arb · Price arb /

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Polymarket Perps against Vest+0.027%7-day average −0.007% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.016%+$2 on $10k
Price spread, last 4 days (all we have)−0.041%−$4 · spread now +0.027%, 7d avg −0.007%
Together, before fees−0.026%+ Points / potential airdropVest: Active · farm board−$3 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 0.034% dearer against Vest than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.007%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest ETH-PERP2,745.10.0100pay 0.0013% / 1h11m 12s$815K50x
ShortPolymarket Perps ETH-USD2,745.80.0100get 0.0013% / 1h11m 12s$11.0M$8.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Vest. 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
$0
Price spread: +0.027% → −0.007%
$3.38
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$6.62
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Vest: no order-book sample; Polymarket Perps: live order book, 3 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 Vest no order-book sample
Sell Polymarket Perps live order book, 3 min ago0.18 bp4.2 bp −$45.2 bp −$5211.2 bp −$1,125doesn't fit
Vest: 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 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%1h2,743.2−0.068%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,735.6−0.345%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,745.4+0.012%$12.1M200xas long as short
dYdX ETH-USD0.0000%1h2,743.2−0.068%$10.8M$41.7M50xas long as short
Perpl ETH0.0000%43m2,744.1−0.035%$305K$5.6M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,745.6+0.020%$25.1M200xas long as short
Phoenix ETH+0.0017%1h2,746.8+0.063%$848K$2.9M25xas long as short
01 Exchange ETHUSD+0.0024%1h2,745−0.003%$182K$836K50xas long as short
ApeX Omni ETHUSDT+0.0032%1h2,744.4−0.024%$8.8M$30.7M100xas long as short
BingX ETH-USDC+0.0054%8h2,744.6−0.019%$18.4Mas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0068%8h2,745.7+0.022%$1.71B$10.56B100xas long as short
KuCoin ETHUSDTM+0.0071%8h2,745−0.004%$382.1M$575.3M100xas long as short
Bullet ETH-USD+0.0074%1h2,745−0.004%$182K$1.7M20xas long as short
RISEx ETH/USDC+0.0077%1h2,745.3+0.007%$5.6M$11.4M25xas long as short
Aster ETHUSDT+0.0087%8h2,745.7+0.021%$254.0M$841.0M200xas long as short
SoDEX ETH-USD+0.0091%1h2,745.4+0.012%$54.7M$187.6M40xas long as short
Binance ETHUSDT+0.0094%8h2,745.5+0.017%$6.38B$15.68B150xas long as short
MEXC ETH_USDT+0.0095%8h2,745.8+0.026%$1.57B$2.56B500xas long as short
Lighter ETH+0.0096%1h2,745.8+0.027%$112.9M$435.6M50xas long as short
Lighter RH ETH+0.0096%1h2,747.1+0.075%$24.7M$104.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,742.8−0.081%$30.4M500xas long as short
Aevo ETH-PERP+0.0096%1h2,744.6−0.015%$4.9M$154K20xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,746.2+0.039%$56.0M$4.26B50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,747+0.072%$16.0M$7.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,744.4−0.024%$469K$3.1M50xas long as short
Nado ETH-PERP+0.0100%1h2,744.5−0.020%$13.9M$104.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,747.2+0.078%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,744.4−0.024%$31.7M$334.5M50xas long as short
Bybit ETHUSDT+0.0100%8h2,746+0.034%$2.45B$4.17B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,742.7−0.086%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,745.4+0.011%$2.8M$16.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,746.6+0.055%$165.7M$303.2M25xas long as short
Gate ETH_USDT+0.0100%8h2,745.7+0.023%$3.40B$8.77B200xas long as short
Bitget ETHUSDT+0.0100%8h2,746+0.035%$2.09B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,741.8−0.120%$15.0M$39.4M50xas long as short
Variational Omni ETH+0.0100%8h2,746.6+0.056%$133.5M$325.8Mas long as short
edgeX ETHUSDC+0.0100%4h2,743.6−0.055%$182.4M$665.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,743.7−0.049%$159.6M$83.5M50xas long as short
StandX ETH-USD+0.0100%1h2,744−0.039%$21.2M$67.9M40xas long as short
Vest ETH-PERPlong+0.0100%1h2,745.1long leg$815K50x
Polymarket Perps ETH-USDshort+0.0100%1h2,745.8+0.027%$11.0M$8.8M50x
Derive ETH-PERP+0.0100%1h2,747.5+0.088%$41.5M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,745−0.001%$963K$11.4M100xas long as short
HTX ETH-USDT+0.0100%8h2,744.7−0.012%$1.06B$1.17B200xas long as short
Phemex ETHUSDT+0.0100%8h2,745.4+0.012%$266.8M$64.9M150xas long as short
Extended ETH-USD+0.0104%1h2,744.9−0.006%$30.7M$72.0M50xas long as short
Aftermath Perps ETHUSD+0.0133%1h2,745.5+0.015%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0159%8h2,744.5−0.021%$7.7M$670.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0195%8h2,747.9+0.103%$32.3M$11.4M100xas long as short
BloFin ETH-USDT+0.0218%8h2,745.4+0.011%$285.8M$180.2M150xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,746.3+0.044%$86.6M$310.0M100xas long as short
Reya ETHRUSDPERP+0.0227%1h2,744.1−0.037%$7.3M$1.2M25xas long as short
Deribit ETH-PERPETUAL+0.0231%1h2,747+0.071%$259.8M$195.3M50xas long as short
Hibachi ETH/USDT-P+0.0256%1h2,745.3+0.010%$252K$1.4M20xas long as short
Bluefin ETH-PERP+0.0402%1h2,745.7+0.023%$21K$20K25xas long as short