ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0287%/8h= +31.5% APRnext payment +$0.36 per $10,000 · paid last 24h +0.105%

Price spread now: Coinbase International against Polymarket Perps+0.130%7-day average +0.192% · you sell dearer than you buy

Net, funding: paid 7d − costs+$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$580.579% of the position

Long on Polymarket Perps Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.755%+$76 on $10k

Price spread, last 3 days (all we have)+1.368%+$137 · spread now +0.130%, 7d avg +0.192%

Together, before fees+2.123%+$212 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.062% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread +0.130% now, against its 7-day average of +0.192%). If the spread goes back, that is −$6 on $10k: about 17 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ARB-USD	0.2236	0.0001	pay 0.0000% / 1h	37m 08s	$77K	$2.3M	10x
Short	Coinbase International ARB-PERP-INTX	0.2239	0.0288	get 0.0036% / 1h	37m 08s	$507K	$2.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee Coinbase InternationalbpOrdersPrice spread, now +0.130%Rate

Funding earned: $60.33
Price spread: +0.130% → +0.192%: −$6.2
Slippage, 4 orders: −$39.92
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$3.79
Costs to cover: 0.579%
Break-even: 7.4 days

Slippage from Polymarket Perps: live order book, 2 min ago; Coinbase International: live order book, 2 min ago.

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 live order book, 2 min ago	1.57 bp	5.6 bp −$6	8.2 bp −$82	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	8.50 bp	23.6 bp −$24	62.1 bp −$621	doesn't fit	doesn't fit

ARB on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ARB/USDC PERP	−0.1675%	1h	0.2227	−0.407%	$40K	$107K	12x	as long as short
01 Exchange ARBUSD	−0.0320%	1h	0.2237	+0.036%	$7K	$2K	10x	as long as short
Bybit ARBUSDT	−0.0210%	8h	0.2234	−0.098%	$56.5M	$136.3M	50x	as long as short
Variational Omni ARB	−0.0184%	8h	0.2232	−0.176%	$1.9M	$2.8M	—	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0152%	1h	0.2235	−0.027%	$37K	$18K	25x	as long as short
OKX ARB-USDT-SWAP	−0.0074%	8h	0.2234	−0.112%	$22.2M	$165.7M	50x	as long as short
MEXC ARB_USDT	−0.0071%	8h	0.2233	−0.130%	$37.5M	$63.4M	200x	as long as short
SoDEX ARB-USD	−0.0065%	1h	0.2234	−0.103%	$4K	$2.9M	5x	as long as short
Kraken Futures PF_ARBUSD	−0.0053%	1h	0.2234	−0.082%	$1.1M	$5.3M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0012%	8h	0.2235	−0.049%	$10K	$387K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2236	+0.004%	$66K	$4K	10x	as long as short
Polymarket Perps ARB-USDlong	+0.0001%	1h	0.2236	long leg	$77K	$2.3M	10x
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2236	−0.006%	$55K	—	150x	as long as short
Binance ARBUSDT	+0.0008%	8h	0.2234	−0.076%	$63.5M	$326.3M	75x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2234	−0.104%	$355K	$2.5M	25x	as long as short
Gate ARB_USDT	+0.0016%	8h	0.2235	−0.058%	$5.5M	$21.5M	60x	as long as short
BloFin ARB-USDT	+0.0031%	8h	0.2235	−0.067%	$3.0M	$3.3M	75x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2236	−0.004%	$146K	$12K	3x	as long as short
BingX ARB-USDC	+0.0083%	8h	0.2234	−0.094%	—	$6.5M	—	as long as short
Bitget ARBUSDT	+0.0084%	8h	0.2236	−0.004%	$21.0M	$38.8M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2235	−0.036%	$1.3M	$7.7M	15x	as long as short
ApeX Omni ARBUSDT	+0.0097%	1h	0.2230	−0.273%	$121K	$297K	50x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2237	+0.031%	$40.0M	$53.1M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2236	+0.008%	$696K	$1.8M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2236	+0.009%	$46K	$205K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2236	+0.013%	$20.7M	$17.1M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2233	−0.153%	$38K	$449K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2231	−0.240%	$478K	$4.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2238	+0.085%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2234	−0.085%	$275K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2236	−0.004%	$5.4M	$13.8M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0168%	1h	0.2235	−0.036%	$820K	—	150x	as long as short
Coinbase International ARB-PERP-INTXshort	+0.0288%	1h	0.2239	+0.130%	$507K	$2.5M	50x
Reya ARBRUSDPERP	+0.0291%	1h	0.2234	−0.098%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0545%	1h	0.2238	+0.089%	$1.1M	$2.8M	20x	as long as short
RISEx ARB/USDC	+0.0546%	1h	0.2239	+0.117%	$492K	$2.9M	10x	as long as short