Spread before costs (cost unknown: a leg has no order-book sample)−0.209%
7d average—if it closes, per $10,000$21funding while held, a day+$0.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps ETHFI-USD | 0.7318 | 0.0100 | pay 0.0013% / 1h | 50m 08s | $51K | $13K | 5x |
| Short | Binance ETHFIUSDT | 0.7303 | 0.0100 | get 0.0050% / 4h | 1h 50m | $26.2M | $35.0M | 75x |
Polymarket Perps ETHFI-USD
Binance ETHFIUSDTPrice 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
- −$20.87
- Funding while held
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$38.87
- Spread needed to break even
- 0.180%
Slippage unknown: Polymarket Perps: no order-book sample; Binance: live order book, 8 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 8 min ago | 0.68 bp | 11.4 bp −$11 | 27.6 bp −$276 | 139.2 bp −$13.9K | doesn't fit |
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 price on every exchange
against the cheapest. Click to use as the short leg.HTX0.7282cheapestBloFin0.7291+0.124%Variational Omni0.7298+0.215%MEXC0.7301+0.261%OKX0.7302+0.275%Extended0.7302+0.277%KuCoin0.7303+0.288%Bitget0.7303+0.288%BingX0.7303+0.288%Orderly0.7303+0.288%
HTX
BloFin
Variational Omni
MEXC
OKX
Extended
KuCoin
Bitget
BingX
OrderlyBinance0.7303+0.290%
Paradex0.7304+0.300%Bybit0.7306+0.330%Deribit0.7306+0.330%Gate0.7308+0.357%Lighter0.7310+0.380%Aevo0.7311+0.394%SunX0.7311+0.398%Kraken Futures0.7312+0.417%Aster0.7313+0.426%Hyperliquid0.7314+0.444%
Paradex
Bybit
Deribit
Gate
Lighter
Aevo
SunX
Kraken Futures
Aster
HyperliquidPolymarket Perps0.7318+0.500%
Injective0.7441+2.183%Coinbase International0.7544+3.598%
Injective
Coinbase InternationalETHFI on 24 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.497% | +0.0025% | 4h | $77K | $141K | 20x | as long as short |
| BloFin ETHFI-USDT | −0.374% | +0.0340% | 4h | $1.4M | $266K | 75x | as long as short |
| Variational Omni ETHFI | −0.284% | +0.0066% | 4h | $1.1M | $791K | — | as long as short |
| MEXC ETHFI_USDT | −0.238% | +0.0100% | 4h | $15.3M | $3.7M | 125x | as long as short |
| OKX ETHFI-USDT-SWAP | −0.224% | −0.0282% | 4h | $4.9M | $12.3M | 20x | as long as short |
| Extended ETHFI-USD | −0.222% | +0.0104% | 1h | $98K | $477K | 10x | as long as short |
| KuCoin ETHFIUSDTM | −0.210% | +0.0062% | 4h | $1.2M | $292K | 50x | as long as short |
| Bitget ETHFIUSDT | −0.210% | +0.0100% | 4h | $6.5M | $5.5M | 75x | as long as short |
| BingX ETHFI-USDT | −0.210% | −0.0296% | 4h | — | $26.0M | — | as long as short |
| Orderly PERP_ETHFI_USDC | −0.210% | −0.0047% | 4h | $17K | $44 | 10x | as long as short |
Show all 24 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance ETHFIUSDTshort | −0.209% | +0.0100% | 4h | $26.2M | $35.0M | 75x | |
| Paradex ETHFI-USD-PERP | −0.199% | −0.0042% | 8h | $6K | — | 5x | as long as short |
| Bybit ETHFIUSDT | −0.169% | +0.0100% | 4h | $19.0M | $12.5M | 25x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.169% | −0.0434% | 1h | $47K | $17K | 10x | as long as short |
| Gate ETHFI_USDT | −0.142% | +0.0044% | 4h | $1.7M | $1.8M | 75x | as long as short |
| Lighter ETHFI | −0.119% | +0.0096% | 1h | $1.3M | $519K | 5x | as long as short |
| Aevo ETHFI-PERP | −0.105% | +0.0104% | 1h | $9K | — | 3x | as long as short |
| SunX ETHFI-USDT | −0.101% | +0.0100% | 4h | $1K | $982K | 20x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.083% | −0.0516% | 1h | $281K | $219K | 20x | as long as short |
| Aster ETHFIUSDT | −0.074% | +0.0100% | 4h | $192K | $228K | 10x | as long as short |
| Hyperliquid ETHFI | −0.056% | +0.0100% | 1h | $20.0M | $6.7M | 5x | as long as short |
| Polymarket Perps ETHFI-USDlong | 0.000% | +0.0100% | 1h | $51K | $13K | 5x | |
| Injective ETHFI/USDC PERP | +1.675% | +0.0033% | 1h | $330 | $56K | 5.5x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +3.083% | +0.0208% | 1h | $34K | $92K | 50x | as long as short |