Spread before costs (cost unknown: a leg has no order-book sample)−0.099%
7d average—if it closes, per $10,000$10funding while held, a day−$7.91
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps ETHFI-USD | 0.7259 | 0.0100 | pay 0.0013% / 1h | 20m 05s | $47K | $52K | 5x |
| Short | Deribit ETHFI_USDC-PERPETUAL | 0.7252 | −0.0164 | pay 0.0020% / 1h | 20m 05s | $44K | $18K | 10x |
Polymarket Perps ETHFI-USD
Deribit ETHFI_USDC-PERPETUALPrice 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
- −$9.92
- Funding while held
- −$7.91
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$32.82
- Spread needed to break even
- 0.150%
Slippage unknown: Polymarket Perps: no order-book sample; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0264%
- Per $10,000 a day
- −$7.91
- 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 Deribit no order-book sample | — | — | — | — | — |
Polymarket Perps and Deribit: 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.Bitget0.7237cheapestHTX0.7237cheapestBybit0.7239+0.028%Extended0.7240+0.041%OKX0.7241+0.055%Paradex0.7243+0.087%Binance0.7244+0.097%Gate0.7244+0.097%BingX0.7244+0.097%Aevo0.7246+0.122%MEXC0.7246+0.124%Orderly0.7246+0.124%KuCoin0.7247+0.138%SunX0.7250+0.180%Aster0.7252+0.203%
Bitget
HTX
Bybit
Extended
OKX
Paradex
Binance
Gate
BingX
Aevo
MEXC
Orderly
KuCoin
SunX
AsterDeribit0.7252+0.207%
Kraken Futures0.7256+0.256%
Kraken FuturesPolymarket Perps0.7259+0.307%
Hyperliquid0.7260+0.319%Lighter0.7261+0.332%Variational Omni0.7269+0.439%BloFin0.7269+0.442%Coinbase International0.7339+1.409%Injective0.7441+2.819%
Hyperliquid
Lighter
Variational Omni
BloFin
Coinbase International
InjectiveETHFI on 24 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget ETHFIUSDT | −0.306% | +0.0100% | 4h | $6.2M | $5.5M | 75x | as long as short |
| HTX ETHFI-USDT | −0.306% | −0.0023% | 4h | $84K | $157K | 20x | as long as short |
| Bybit ETHFIUSDT | −0.278% | +0.0100% | 4h | $18.8M | $12.7M | 25x | as long as short |
| Extended ETHFI-USD | −0.265% | +0.0104% | 1h | $108K | $486K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | −0.251% | +0.0036% | 4h | $4.9M | $11.9M | 20x | as long as short |
| Paradex ETHFI-USD-PERP | −0.219% | +0.0002% | 8h | $6K | — | 5x | as long as short |
| Binance ETHFIUSDT | −0.209% | +0.0100% | 4h | $25.6M | $35.5M | 75x | as long as short |
| Gate ETHFI_USDT | −0.209% | +0.0100% | 4h | $1.7M | $2.0M | 75x | as long as short |
| BingX ETHFI-USDC | −0.209% | +0.0100% | 4h | — | $1.2M | — | as long as short |
| Aevo ETHFI-PERP | −0.184% | +0.0104% | 1h | $9K | — | 3x | as long as short |
Show all 24 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC ETHFI_USDT | −0.182% | +0.0100% | 4h | $15.5M | $4.1M | 125x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.182% | −0.0118% | 4h | $17K | $1K | 10x | as long as short |
| KuCoin ETHFIUSDTM | −0.168% | +0.0100% | 4h | $1.2M | $268K | 50x | as long as short |
| SunX ETHFI-USDT | −0.127% | +0.0100% | 4h | $1K | $1.0M | 20x | as long as short |
| Aster ETHFIUSDT | −0.103% | +0.0100% | 4h | $185K | $251K | 10x | as long as short |
| Deribit ETHFI_USDC-PERPETUALshort | −0.099% | −0.0164% | 1h | $44K | $18K | 10x | |
| Kraken Futures PF_ETHFIUSD | −0.050% | −0.0290% | 1h | $279K | $175K | 20x | as long as short |
| Polymarket Perps ETHFI-USDlong | 0.000% | +0.0100% | 1h | $47K | $52K | 5x | |
| Hyperliquid ETHFI | +0.012% | +0.0377% | 1h | $20.1M | $7.1M | 5x | as long as short |
| Lighter ETHFI | +0.025% | +0.0176% | 1h | $1.3M | $558K | 5x | as long as short |
| Variational Omni ETHFI | +0.132% | +0.0100% | 4h | $1.1M | $805K | — | as long as short |
| BloFin ETHFI-USDT | +0.135% | +0.0340% | 4h | $1.4M | $291K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +1.099% | +0.0288% | 1h | $32K | $52K | 50x | as long as short |
| Injective ETHFI/USDC PERP | +2.504% | +0.0033% | 1h | $330 | $56K | 5.5x | as long as short |