Funding you earn now, next payment 03:00 UTC+0.0450%/8h= +49.3% APRpaid last 24h +0.063%
Price spread now: Bitget against Polymarket Perps−0.218%50s7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$800.799% of the position
Funding, last 7 days+0.159%+$16 on $10k
+Price spread, last 7 days+0.353%+$35 · spread now −0.218%, 7d avg −0.043%
=Funding pays, the price is against you. Bitget is 0.175% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.218% now, against its 7-day average of −0.043%). If the spread goes back, that is −$18 on $10k: about 31 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.159% in total) that is about 7.7 days. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.159% in total (about 8.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps USELESS-USD | 0.2746 | 0.0100 | pay 0.0013% / 1h | 19m 39s | $38K | $215K | 3x |
| Short | Bitget USELESSUSDT | 0.2740 | 0.0550 | get 0.0275% / 4h | 1h 19m | $5.3M | $9.9M | 20x |
Polymarket Perps USELESS-USD
Bitget USELESSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $94.5
- Price spread: −0.218% → −0.043%
- −$17.52
- Slippage, 4 orders
- −$59.88
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$2.9
- Costs to cover
- 0.799%
- Break-even
- 7.2 days
Slippage from Polymarket Perps: live order book, 42 min ago; Bitget: live order book, 4 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, 42 min ago | 1.60 bp | 8.4 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 5.30 bp | 25.6 bp −$26 | 98.6 bp −$986 | doesn't fit | doesn't fit |
USELESS on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter USELESS | +0.0096% | 1h | 0.2739 | −0.248% | $1.2M | $1.2M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2739 | −0.269% | $30K | $70K | 3x | as long as short |
| Gate USELESS_USDT | +0.0100% | 4h | 0.2739 | −0.269% | $6.9M | $8.6M | 50x | as long as short |
| Polymarket Perps USELESS-USDlong | +0.0100% | 1h | 0.2746 | long leg | $38K | $215K | 3x | |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2743 | −0.127% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2747 | +0.025% | $18K | $511K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2738 | −0.299% | $604K | $1.1M | 20x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0206% | 4h | 0.2742 | −0.142% | $9.6M | $64.4M | 10x | as long as short |
| Aevo USELESS-PERP | +0.0232% | 1h | 0.2743 | −0.127% | $10K | — | 3x | as long as short |
| ApeX Omni USELESSUSDT | +0.0238% | 1h | 0.2754 | +0.288% | $38K | $695K | 25x | as long as short |
Lighter USELESS
Pacifica USELESS
Gate USELESS_USDT
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
OKX USELESS-USDT-SWAP
Aevo USELESS-PERP
ApeX Omni USELESSUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USELESSUSDTM | +0.0274% | 4h | 0.2739 | −0.244% | $5.0M | $10.4M | 12x | as long as short |
| Bitget USELESSUSDTshort | +0.0550% | 4h | 0.2740 | −0.218% | $5.3M | $9.9M | 20x | |
| edgeX USELESSUSDC | +0.0604% | 4h | 0.2754 | +0.280% | $20K | $195K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0622% | 4h | 0.2739 | −0.248% | $10.8M | $6.0M | 50x | as long as short |
| Binance USELESSUSDT | +0.0624% | 4h | 0.2740 | −0.232% | $23.2M | $118.0M | 50x | as long as short |
| Extended USELESS-USD | +0.0624% | 1h | 0.2737 | −0.341% | $289K | $1.1M | 5x | as long as short |
| Hyperliquid USELESS | +0.0699% | 1h | 0.2740 | −0.229% | $13.4M | $20.9M | 3x | as long as short |
| BingX USELESS-USDT | +0.0890% | 4h | 0.2744 | −0.073% | — | $5.2M | — | as long as short |
| Bybit USELESSUSDT | +0.0983% | 4h | 0.2741 | −0.204% | $26.5M | $46.5M | 13x | as long as short |
| Variational Omni USELESS | +0.1034% | 4h | 0.2753 | +0.264% | $1.2M | $1.7M | — | as long as short |
| Aster USELESSUSDT | +0.1060% | 4h | 0.2740 | −0.211% | $577K | $2.2M | 10x | as long as short |
| BloFin USELESS-USDT | +0.1280% | 4h | 0.2753 | +0.269% | $1.2M | $2.0M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1390% | 4h | 0.2744 | −0.076% | $21K | $1.3M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2892 | +5.317% | $5K | $9K | 5.5x | as long as short |
KuCoin USELESSUSDTM
edgeX USELESSUSDC
MEXC USELESS_USDT
Binance USELESSUSDT
Extended USELESS-USD
Hyperliquid USELESS
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
Aster USELESSUSDT
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP