Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h −0.009%
Price spread now: Polymarket Perps against Extended−0.022%49s7-day average +0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as 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−$300.296% of the position
Funding, last 7 days+0.083%+$8 on $10k
+Price spread, last 4 days (all we have)+1.932%+$193 · spread now −0.022%, 7d avg +0.047%
=Together, before fees+2.015%+ Points / potential airdropExtended: Active · farm board+$201 on $10k · with fees, hour by hour
Funding pays, the price is against you. Polymarket Perps is 0.069% cheaper against Extended than usual: you would sell low and buy high (spread −0.022% now, against its 7-day average of +0.047%). If the spread goes back, that is −$7 on $10k: about 4.6 days of funding at the current rate (+$2 a day). The two prices were read 49 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 | Extended COIN_24_5-USD | 197.95 | 0 | get 0.0000% / 1h | 12m 36s | $117K | $696K | 10x |
| Short | Polymarket Perps COIN-USD | 197.91 | 0.0050 | get 0.0006% / 1h | 12m 36s | $125K | $1.2M | 10x |
Extended COIN_24_5-USD
Polymarket Perps COIN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Extended. 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: −0.022% → +0.047%
- −$6.89
- Slippage, 4 orders
- −$16.62
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$26.01
- Costs to cover
- 0.296%
- Break-even
- 24.3 days
Slippage from Extended: live order book, 50 min ago; Polymarket Perps: live order book, 1 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 Extended live order book, 50 min ago | 1.01 bp | 8.9 bp −$9 | 56.4 bp −$564 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 1 min ago | 1.01 bp | 6.8 bp −$7 | 7.5 bp −$75 | 9.2 bp −$919 | 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 | −0.0660% | 8h | 198.06 | +0.054% | $6.3M | $10.2M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 198.08 | +0.064% | $44K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0194% | 8h | 198.01 | +0.029% | $1.2M | $7.1M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0087% | 1h | 197.53 | −0.214% | — | $284K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 198.15 | +0.099% | $350K | $876K | 20x | as long as short |
| Extended COIN_24_5-USDlong | 0.0000% | 1h | 197.95 | long leg | $117K | $696K | 10x | |
| Binance COINUSDT | 0.0000% | 8h | 198.00 | +0.024% | $15.1M | $78.7M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 198.01 | +0.029% | $4.9M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 198.00 | +0.024% | $3.1M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 198.13 | +0.088% | $686K | $1.0M | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Aster COINUSDT
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 | 198.12 | +0.084% | $15K | $2.1M | 10x | as long as short |
| QFEX COIN-USD | +0.0016% | 1h | 197.94 | −0.007% | $1.3M | $3.4M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.96 | +0.003% | $358K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.95 | −0.002% | $455K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 198.09 | +0.069% | $15K | $55K | 5x | as long as short |
| edgeX COINUSDC | +0.0045% | 4h | 198.08 | +0.065% | $51K | $295K | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.90 | −0.027% | $15.6M | $13.5M | 10x | as long as short |
| Polymarket Perps COIN-USDshort | +0.0050% | 1h | 197.91 | −0.022% | $125K | $1.2M | 10x | |
| SoDEX COIN-USD | +0.0050% | 1h | 197.94 | −0.007% | $78 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.73 | −0.113% | $352K | $2.9M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.93 | −0.012% | $997K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 198.04 | +0.044% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 198.00 | +0.024% | $573 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.97 | +0.010% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 198.02 | +0.034% | $189K | $392K | 20x | as long as short |
| Phoenix COIN | +0.0162% | 1h | 198.14 | +0.094% | $5K | $281K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
edgeX COINUSDC
tradeXYZ xyz:COIN
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN