Funding you earn now, next payment 21:00 UTC−0.0022%/8h= −2.4% APRnext payment −$0.03 per $10,000 · paid last 24h −0.014%
Price spread now: Polymarket Perps against Coinbase International+0.038%47s7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$400.404% of the position
Funding, last 5 days (all we have)−0.028%−$3 on $10k
+Price spread, last 3 days (all we have)−0.006%−$1 · spread now +0.038%, 7d avg +0.015%
=The price spread pays, funding is against you. Polymarket Perps is 0.024% dearer against Coinbase International than usual: you sell high and buy low (spread +0.038% now, against its 7-day average of +0.015%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.6 days. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International CBRS-PERP-INTX | 208.24 | 0.0072 | pay 0.0009% / 1h | 10m 18s | $113K | $113K | 10x |
| Short | Polymarket Perps CBRS-USD | 208.32 | 0.0050 | get 0.0006% / 1h | 10m 18s | $24K | $1.1M | 10x |
Coinbase International CBRS-PERP-INTX
Polymarket Perps CBRS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Coinbase International. 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
- −$4.62
- Price spread: +0.038% → +0.015%
- $2.37
- Slippage, 4 orders
- −$22.45
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$42.7
- Costs to cover
- 0.404%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 12 min ago; Polymarket Perps: live order book, 3 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 Coinbase International live order book, 12 min ago | 6.24 bp | 12.3 bp −$12 | 23.6 bp −$236 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 3 min ago | 2.64 bp | 6.6 bp −$7 | 6.8 bp −$68 | 11.8 bp −$1,177 | doesn't fit |
CBRS on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX CBRSUSDC | −0.0620% | 4h | 208.44 | +0.097% | $24K | $221K | 10x | as long as short |
| tradeXYZ xyz:CBRS | −0.0138% | 1h | 208.21 | −0.014% | $42.7M | $3.6M | 10x | as long as short |
| Phoenix CBRS | −0.0038% | 1h | 208.40 | +0.077% | $1K | $112K | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 208.34 | +0.049% | $65K | $147K | 20x | as long as short |
| Bybit CBRSUSDT | 0.0000% | 8h | 208.43 | +0.091% | $2.0M | $1.9M | 25x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 208.48 | +0.115% | $2.2M | $3.6M | 25x | as long as short |
| Gate CBRS_USDT | 0.0000% | 8h | 208.50 | +0.125% | $2.9M | $3.1M | 50x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 208.44 | +0.096% | $2.4M | $2.8M | 20x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 208.60 | +0.173% | $1K | $3.4M | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | 0.0000% | 1h | 208.47 | +0.110% | $12K | $52K | 10x | as long as short |
edgeX CBRSUSDC
tradeXYZ xyz:CBRS
Phoenix CBRS
Aster CBRSUSDT
Bybit CBRSUSDT
OKX CBRS-USDT-SWAP
Gate CBRS_USDT
Bitget CBRSUSDT
SunX CBRS-USDT
Deribit CBRS_USDC-PERPETUALShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX CBRS-USDT | 0.0000% | 8h | 208.57 | +0.158% | $9K | $6K | 20x | as long as short |
| Variational Omni CBRS | +0.0011% | 8h | 208.45 | +0.101% | $421K | $321K | — | as long as short |
| QFEX CBRS-USD | +0.0017% | 1h | 208.43 | +0.091% | $1.1M | $3.2M | 10x | as long as short |
| Vest CBRS-USD-PERP | +0.0022% | 1h | 208.19 | −0.024% | — | $90K | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 208.32 | +0.038% | $90K | $932K | 10x | as long as short |
| Extended CBRS_24_5-USD | +0.0048% | 1h | 208.39 | +0.074% | $43K | $246K | 10x | as long as short |
| BloFin CBRS-USDT | +0.0049% | 8h | 208.43 | +0.091% | $147K | $70K | 20x | as long as short |
| Polymarket Perps CBRS-USDshort | +0.0050% | 1h | 208.32 | +0.038% | $24K | $1.1M | 10x | |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 208.41 | +0.082% | $329K | $884K | 10x | as long as short |
| Binance CBRSUSDT | +0.0051% | 8h | 208.45 | +0.101% | $10.2M | $30.3M | 25x | as long as short |
| Coinbase International CBRS-PERP-INTXlong | +0.0072% | 1h | 208.24 | long leg | $113K | $113K | 10x | |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 208.31 | +0.034% | $142K | $97K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 208.50 | +0.125% | $25K | $138K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 208.44 | +0.096% | $856 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 208.47 | +0.110% | $242 | — | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0232% | 8h | 208.48 | +0.113% | $901 | $242K | 10x | as long as short |
HTX CBRS-USDT
Variational Omni CBRS
QFEX CBRS-USD
Vest CBRS-USD-PERP
Lighter CBRS
Extended CBRS_24_5-USD
BloFin CBRS-USDT
Ondo Perps CBRS-USD.P
Binance CBRSUSDT
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
GRVT CBRS_USDT_Perp