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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0132%/8h= +14.5% APRnext payment +$0.17 per $10,000 · paid last 24h +0.012%
Price spread now: Polymarket Perps against 01 Exchange+0.004%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$210.213% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.060%+$6 on $10k
Price spread, last 4 days (all we have)+0.352%+$35 · spread now +0.004%, 7d avg +0.022%
Together, before fees+0.412%+$41 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.022%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange ETHUSD2,771.5−0.0032get 0.0004% / 1h8m 13s$169K$1.1M50x
ShortPolymarket Perps ETH-USD2,771.60.0100get 0.0013% / 1h8m 13s$10.5M$8.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against 01 Exchange. 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
$27.72
Price spread: +0.004% → +0.022%
−$1.89
Slippage, 4 orders
−$6.28
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
$4.55
Costs to cover
0.213%
Break-even
5.9 days
Slippage from 01 Exchange: live order book, 1 min ago; Polymarket Perps: live order book, 6 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 01 Exchange live order book, 1 min ago0.18 bp6.2 bp −$612.5 bp −$125doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 6 min ago0.72 bp4.7 bp −$56.1 bp −$6113.3 bp −$1,333doesn'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
Injective ETH/USDC PERP−0.0752%1h2,773.8+0.083%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,771.3−0.007%$5.6M$11.1M25xas long as short
Perpl ETH−0.0112%43m2,770.9−0.022%$322K$6.2M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,773+0.054%$5K$1K50xas long as short
01 Exchange ETHUSDlong−0.0032%1h2,771.5long leg$169K$1.1M50x
Phoenix ETH−0.0003%1h2,770.8−0.025%$872K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,771.7+0.008%$12.3M$42.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,772.5+0.037%$22.4M200xas long as short
Phemex ETHUSDT+0.0013%8h2,771.4−0.002%$269.7M$65.9M150xas long as short
Bullet ETH-USD+0.0015%1h2,771.6+0.004%$185K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0032%8h2,771−0.017%$1.71B$10.96B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0043% / S −0.0009%1h2,772.3+0.028%$12.7M200xas long as short
SoDEX ETH-USD+0.0048%1h2,772+0.018%$55.2M$187.7M40xas long as short
Aster ETHUSDT+0.0051%8h2,771.9+0.013%$261.0M$855.9M200xas long as short
Aevo ETH-PERP+0.0056%1h2,770−0.053%$5.0M$156K20xas long as short
MEXC ETH_USDT+0.0059%8h2,770.9−0.023%$1.61B$2.66B500xas long as short
Binance ETHUSDT+0.0060%8h2,771.6+0.004%$6.48B$16.04B150xas long as short
Aftermath Perps ETHUSD+0.0070%1h2,771.6+0.003%$31K$21K20xas long as short
Bitget ETHUSDT+0.0079%8h2,771.2−0.010%$2.10B$2.82B150xas long as short
HTX ETH-USDT+0.0079%8h2,771.7+0.008%$1.08B$1.23B200xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,773.5+0.070%$60.4M$4.40B50xas long as short
Gate ETH_USDT+0.0084%8h2,771.2−0.009%$3.38B$9.11B200xas long as short
Vest ETH-PERP+0.0085%1h2,772.1+0.020%$876K50xas long as short
KuCoin ETHUSDTM+0.0088%8h2,772.1+0.021%$420.8M$589.6M100xas long as short
ApeX Omni ETHUSDT+0.0089%1h2,769−0.090%$8.6M$31.4M100xas long as short
Lighter ETH+0.0096%1h2,772.3+0.027%$115.2M$460.2M50xas long as short
Lighter RH ETH+0.0096%1h2,773.7+0.080%$25.6M$112.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,775.2+0.134%$15.9M$8.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,771.8+0.011%$486K$2.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,771.5−0.001%$14.5M$112.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,773.3+0.065%$3.17B$2.10B25xas long as short
Pacifica ETH+0.0100%1h2,771.6+0.004%$31.4M$328.9M50xas long as short
Bybit ETHUSDT+0.0100%8h2,771.4−0.004%$2.51B$4.27B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,770.8−0.025%$2.8M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,771.8+0.010%$2.8M$16.7M25xas long as short
Bulk ETH-USD+0.0100%1h2,763.5−0.287%$172.0M$292.0M25xas long as short
BingX ETH-USDT+0.0100%8h2,771.1−0.016%$1.20Bas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,771.1−0.015%$15.1M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,769.2−0.084%$134.1M$347.1Mas long as short
edgeX ETHUSDC+0.0100%4h2,768.6−0.106%$183.7M$750.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,771.4−0.004%$161.1M$84.1M50xas long as short
StandX ETH-USD+0.0100%1h2,773.8+0.083%$21.5M$64.3M40xas long as short
Polymarket Perps ETH-USDshort+0.0100%1h2,771.6+0.004%$10.5M$8.0M50x
Bluefin ETH-PERP+0.0100%1h2,771.7+0.008%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,773.7+0.080%$42.6M$28.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,771.5−0.001%$972K$12.7M100xas long as short
Extended ETH-USD+0.0104%1h2,771.3−0.006%$30.9M$74.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,773+0.056%$36.0M500xas long as short
Kalshi KXETHPERP+0.0116%8h2,772.4+0.032%$8.2M$673.1M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,773.6+0.077%$98.0M$314.4M100xas long as short
Orderly PERP_ETH_USDC+0.0157%8h2,774.4+0.106%$32.7M$11.0M100xas long as short
Hibachi ETH/USDT-P+0.0160%1h2,774.3+0.100%$253K$1.5M20xas long as short
BloFin ETH-USDT+0.0180%8h2,771.6+0.002%$288.0M$175.4M150xas long as short
Deribit ETH-PERPETUAL+0.0190%1h2,773.5+0.073%$259.1M$201.6M50xas long as short
Reya ETHRUSDPERP+0.0214%1h2,771.6+0.004%$7.3M$1.1M25xas long as short