Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.010%
Price spread now: Polymarket Perps against Bybit−0.079%7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$350.347% of the position
Funding, last 7 days+0.007%+$1 on $10k
+Price spread, last 7 days+0.187%+$19 · spread now −0.079%, 7d avg −0.056%
=Funding pays, the price is against you. Polymarket Perps is 0.023% cheaper against Bybit than usual: you would sell low and buy high (spread −0.079% now, against its 7-day average of −0.056%). If the spread goes back, that is −$2 on $10k: about 37 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.007% in total) that is about 23 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit COINUSDT | 201.60 | 0 | get 0.0000% / 8h | 7h 34m | $5.0M | $5.9M | 50x |
| Short | Polymarket Perps COIN-USD | 201.44 | 0.0050 | get 0.0006% / 1h | 34m 01s | $129K | $1.2M | 10x |
Bybit COINUSDT
Polymarket Perps COIN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Bybit. 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
- $10.5
- Price spread: −0.079% → −0.056%
- −$2.33
- Slippage, 4 orders
- −$15.72
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$26.55
- Costs to cover
- 0.347%
- Break-even
- 24.7 days
Slippage from Bybit: live order book, 4 min ago; Polymarket Perps: 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 Bybit live order book, 4 min ago | 2.98 bp | 12.9 bp −$13 | 36.0 bp −$360 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 4 min ago | 0.99 bp | 5.5 bp −$6 | 7.6 bp −$76 | 10.1 bp −$1,012 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 201.58 | −0.010% | $44K | $48K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 201.54 | −0.030% | $369K | $840K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 201.51 | −0.046% | $119K | $766K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 201.55 | −0.026% | $15.8M | $75.3M | 20x | as long as short |
| Bybit COINUSDTlong | 0.0000% | 8h | 201.60 | long leg | $5.0M | $5.9M | 50x | |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 201.60 | 0.000% | $3.3M | $4.5M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 201.62 | +0.010% | $1.3M | $6.8M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 201.63 | +0.015% | $6.9M | $9.2M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 201.58 | −0.008% | $838K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 201.55 | −0.027% | $14K | $2.0M | 10x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USD | +0.0021% | 1h | 201.56 | −0.020% | $1.4M | $3.8M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 201.53 | −0.035% | $433K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 201.64 | +0.020% | $16K | $53K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 201.38 | −0.109% | — | $290K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 201.43 | −0.084% | $16.5M | $12.3M | 10x | as long as short |
| Polymarket Perps COIN-USDshort | +0.0050% | 1h | 201.44 | −0.079% | $129K | $1.2M | 10x | |
| SoDEX COIN-USD | +0.0050% | 1h | 201.57 | −0.015% | $104 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 201.45 | −0.074% | $357K | $3.3M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 201.68 | +0.040% | $1.0M | $135K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 201.47 | −0.064% | $91K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 201.55 | −0.025% | $583 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 201.54 | −0.030% | $119 | — | 10x | as long as short |
| Lighter COIN | +0.0120% | 1h | 201.57 | −0.016% | $375K | $1.8M | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 201.58 | −0.010% | $199K | $339K | 20x | as long as short |
| Phoenix COIN | +0.0237% | 1h | 201.52 | −0.040% | $5K | $279K | 10x | as long as short |
| edgeX COINUSDC | +0.0404% | 4h | 201.53 | −0.037% | $52K | $293K | 10x | as long as short |
QFEX COIN-USD
Lighter RH COIN
Arcus COIN-USD
Vest COIN-USD-PERP
tradeXYZ xyz:COIN
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Lighter COIN
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC