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

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.072%
Price spread now: BloFin against Polymarket Perps−0.163%45s7-day average · you buy dearer than you sell
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+0.521%+$52 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. BloFin is 0.163% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.163% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 27 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.521% in total) that is about 2.2 days. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps ETHFI-USD0.71670.0100pay 0.0013% / 1h15m 47s$59K$93K5x
ShortBloFin ETHFI-USDT0.71550.0120get 0.0060% / 4h1h 15m$1.2M$290K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$4.23
Price spread: −0.163% → 0.000%
−$16.33
Slippage, 4 orders
no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$32.09
Costs to cover
0.200%
Break-even
60.1 days
Slippage unknown: Polymarket Perps: no order-book sample; BloFin: live order book, 2 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 Polymarket Perps no order-book sample
Sell BloFin live order book, 2 min ago2.80 bp10.2 bp −$1021.1 bp −$21174.1 bp −$7,408doesn'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 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−0.0587%1h0.7162−0.066%$42K$18K10xas long as short
Kraken Futures PF_ETHFIUSD−0.0252%1h0.7175+0.122%$281K$147K20xas long as short
HTX ETHFI-USDT−0.0217%4h0.7153−0.191%$83K$165K20xas long as short
Orderly PERP_ETHFI_USDC−0.0187%4h0.7163−0.052%$16K$1K10xas long as short
Extended ETHFI-USD+0.0024%1h0.7152−0.210%$93K$493K10xas long as short
Paradex ETHFI-USD-PERP+0.0025%8h0.7158−0.121%$6K5xas long as short
Binance ETHFIUSDT+0.0028%4h0.7145−0.303%$24.8M$37.2M75xas long as short
MEXC ETHFI_USDT+0.0030%4h0.7153−0.191%$15.1M$3.8M125xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+1.023%$321$51K5.5xas long as short
Bitget ETHFIUSDT+0.0088%4h0.7144−0.317%$6.1M$5.7M75xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo ETHFI-PERP+0.0088%1h0.7160−0.096%$9K3xas long as short
Lighter ETHFI+0.0096%1h0.7152−0.204%$1.1M$898K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7156−0.147%$18.1M$8.9M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7153−0.187%$183K$258K10xas long as short
Bybit ETHFIUSDT+0.0100%4h0.7147−0.275%$18.1M$13.0M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7148−0.261%$4.9M$12.5M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7156−0.149%$1.7M$2.1M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7155−0.163%$1.2M$272K50xas long as short
BingX ETHFI-USDT+0.0100%4h0.7153−0.191%$26.1Mas long as short
Variational Omni ETHFI+0.0100%4h0.7166−0.015%$1.0M$755Kas long as short
Polymarket Perps ETHFI-USDlong+0.0100%1h0.7167long leg$59K$93K5x
SunX ETHFI-USDT+0.0100%4h0.7167+0.004%$1K$1.1M20xas long as short
BloFin ETHFI-USDTshort+0.0120%4h0.7155−0.163%$1.2M$290K75x
Coinbase International ETHFI-PERP-INTX+0.0304%1h0.7177+0.144%$31K$7K50xas long as short