Funding you earn now, next payment 03:00 UTC−0.0070%/8h= −7.7% APRpaid last 24h −0.030%
Price spread now: Polymarket Perps against BloFin−0.086%45s7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as 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−$310.307% of the position
Funding, last 7 days−0.140%−$14 on $10k
+Price spread, last 4 days (all we have)+0.323%+$32 · spread now −0.086%, 7d avg −0.015%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Polymarket Perps is 0.071% cheaper against BloFin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.015%). Swap the legs. The two prices were read 45 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 | BloFin COIN-USDT | 198.10 | 0.0120 | pay 0.0120% / 8h | 5h 07m | $188K | $391K | 20x |
| Short | Polymarket Perps COIN-USD | 197.93 | 0.0050 | get 0.0006% / 1h | 7m 53s | $125K | $1.2M | 10x |
BloFin COIN-USDT
Polymarket Perps COIN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against BloFin. 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
- −$14.7
- Price spread: −0.086% → −0.015%
- −$7.05
- Slippage, 4 orders
- −$10.73
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$52.48
- Costs to cover
- 0.307%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 33 min ago; Polymarket Perps: live order book, just now.
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 BloFin live order book, 33 min ago | 0.25 bp | 9.3 bp −$9 | 14.3 bp −$143 | 40.9 bp −$4,090 | doesn't fit |
| Sell Polymarket Perps live order book, just now | 0.25 bp | 8.1 bp −$8 | 9.2 bp −$92 | 10.7 bp −$1,070 | doesn't fit |
COIN 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0632% | 8h | 197.89 | −0.106% | $6.3M | $10.2M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 198.08 | −0.010% | $44K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0194% | 8h | 197.98 | −0.061% | $1.2M | $7.1M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0084% | 1h | 197.58 | −0.262% | — | $284K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 198.08 | −0.013% | $350K | $876K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.86 | −0.123% | $117K | $691K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.87 | −0.116% | $15.1M | $78.8M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.85 | −0.126% | $4.9M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.87 | −0.116% | $3.1M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 198.17 | +0.033% | $686K | $1.0M | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 198.20 | +0.050% | $16K | $2.1M | 10x | as long as short |
| QFEX COIN-USD | +0.0016% | 1h | 198.04 | −0.030% | $1.3M | $3.4M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.94 | −0.082% | $358K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.91 | −0.096% | $456K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 198.17 | +0.035% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.86 | −0.121% | $15.6M | $13.5M | 10x | as long as short |
| Polymarket Perps COIN-USDshort | +0.0050% | 1h | 197.93 | −0.086% | $125K | $1.2M | 10x | |
| SoDEX COIN-USD | +0.0050% | 1h | 197.93 | −0.086% | $79 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.79 | −0.156% | $352K | $2.9M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.88 | −0.111% | $996K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.94 | −0.081% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.97 | −0.066% | $573 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.93 | −0.088% | $117 | — | 10x | as long as short |
| BloFin COIN-USDTlong | +0.0120% | 8h | 198.10 | long leg | $188K | $391K | 20x | |
| Phoenix COIN | +0.0162% | 1h | 198.22 | +0.061% | $5K | $281K | 10x | as long as short |
| edgeX COINUSDC | +0.0593% | 4h | 198.11 | +0.004% | $51K | $294K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
tradeXYZ xyz:COIN
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Phoenix COIN
edgeX COINUSDC