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

ETHFI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.007%
Price spread now: Polymarket Perps against BingX+0.062%7-day average · 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 7 days+0.041%+$4 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.062% dearer against BingX than usual: you sell high and buy low, +$6 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ETHFI-USDC0.71470.0100pay 0.0050% / 4h2h 21m$1.2M
ShortPolymarket Perps ETHFI-USD0.71510.0100get 0.0013% / 1h21m 59s$60K$85K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against BingX. 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: +0.062% → 0.000%
$6.16
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$11.84
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: BingX: live order book, 3 min ago; Polymarket Perps: no order-book sample. 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 BingX live order book, 3 min ago2.80 bp28.4 bp −$2899.2 bp −$992580.8 bp −$58.1K740.1 bp −$370.0K
Sell Polymarket Perps no order-book sample
Polymarket Perps: 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.

ETHFI on 24 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
Deribit ETHFI_USDC-PERPETUAL−0.0589%1h0.7149+0.028%$42K$18K10xas long as short
Kraken Futures PF_ETHFIUSD−0.0213%1h0.7156+0.132%$282K$144K20xas long as short
Orderly PERP_ETHFI_USDC−0.0167%4h0.7144−0.042%$16K$1K10xas long as short
HTX ETHFI-USDT−0.0127%4h0.7135−0.168%$83K$165K20xas long as short
Paradex ETHFI-USD-PERP+0.0031%8h0.7144−0.042%$6K5xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+1.301%$321$51K5.5xas long as short
Bitget ETHFIUSDT+0.0038%4h0.7146−0.014%$6.1M$5.6M75xas long as short
Extended ETHFI-USD+0.0088%1h0.7144−0.040%$92K$495K10xas long as short
MEXC ETHFI_USDT+0.0088%4h0.7145−0.028%$15.2M$3.8M125xas long as short
Binance ETHFIUSDT+0.0089%4h0.7144−0.036%$24.9M$36.9M75xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter ETHFI+0.0096%1h0.7151+0.050%$1.1M$909K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7150+0.045%$18.3M$8.8M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7150+0.044%$182K$255K10xas long as short
Bybit ETHFIUSDT+0.0100%4h0.7149+0.028%$18.3M$12.8M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.71470.000%$4.9M$12.4M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7149+0.028%$1.7M$2.1M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7150+0.042%$1.2M$270K50xas long as short
BingX ETHFI-USDClong+0.0100%4h0.7147long leg$1.2M
Variational Omni ETHFI+0.0100%4h0.7115−0.451%$1.0M$718Kas long as short
Polymarket Perps ETHFI-USDshort+0.0100%1h0.7151+0.062%$60K$85K5x
SunX ETHFI-USDT+0.0100%4h0.7153+0.084%$1K$1.1M20xas long as short
Aevo ETHFI-PERP+0.0104%1h0.7143−0.062%$9K3xas long as short
Coinbase International ETHFI-PERP-INTX+0.0152%1h0.7157+0.140%$31K$9K50xas long as short
BloFin ETHFI-USDT+0.0328%4h0.7144−0.042%$1.3M$295K75xas long as short