Funding you earn now, next payment 12:00 UTC+0.0490%/8h= +53.7% APRnext payment +$0.61 per $10,000 · paid last 24h +0.150%
Price spread now: Polymarket Perps against Injective+0.444%51s7-day average +0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs+$16as 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−$760.760% of the position
Funding, last 7 days+0.920%+$92 on $10k
+Price spread, last 4 days (all we have)−0.416%−$42 · spread now +0.444%, 7d avg +0.077%
=Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Polymarket Perps is 0.368% dearer against Injective than usual: you sell high and buy low: +$37 more if the spread goes back to its 7-day average of +0.077%. The two prices were read 51 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 | Injective COIN/USDC PERP | 198.03 | −0.0440 | get 0.0055% / 1h | 8m 05s | $17K | $222K | 30x |
| Short | Polymarket Perps COIN-USD | 198.91 | 0.0050 | get 0.0006% / 1h | 8m 05s | $125K | $1.2M | 10x |
Injective COIN/USDC PERP
Polymarket Perps COIN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Injective. 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
- $102.9
- Price spread: +0.444% → +0.077%
- $36.77
- Slippage, 4 orders
- −$67.96
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $63.69
- Costs to cover
- 0.760%
- Break-even
- 2.7 days
Slippage from Injective: live order book, 34 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 Injective live order book, 34 min ago | 31.17 bp | 31.2 bp −$31 | 12293.9 bp −$122.9K | 212937.8 bp −$21.29M | 1104686.1 bp −$552.34M |
| Sell Polymarket Perps live order book, 3 min ago | 2.26 bp | 6.4 bp −$6 | 7.0 bp −$70 | 9.0 bp −$896 | doesn't fit |
COIN on 26 exchanges
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 PERPlong | −0.0440% | 1h | 198.03 | long leg | $17K | $222K | 30x | |
| Aster COINUSDT | 0.0000% | 8h | 198.94 | +0.457% | $346K | $868K | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 199.06 | +0.520% | $4.7M | $5.2M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 199.13 | +0.555% | $3.1M | $3.9M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 199.07 | +0.525% | $1.2M | $6.3M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 199.15 | +0.566% | $6.4M | $9.4M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 199.01 | +0.495% | $782K | $916K | — | as long as short |
| Lighter COIN | +0.0032% | 1h | 198.99 | +0.483% | $338K | $1.9M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 199.00 | +0.490% | $486K | $1.1M | 10x | as long as short |
| QFEX COIN-USD | +0.0033% | 1h | 199.00 | +0.490% | $1.3M | $2.4M | 10x | as long as short |
Aster COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDT
Variational Omni COIN
Lighter COIN
Lighter RH COIN
QFEX COIN-USDShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus COIN-USD | +0.0040% | 1h | 199.18 | +0.581% | $13K | $40K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 199.01 | +0.495% | — | $277K | 25x | as long as short |
| Binance COINUSDT | +0.0046% | 8h | 199.04 | +0.510% | $14.7M | $74.8M | 20x | as long as short |
| Extended COIN_24_5-USD | +0.0048% | 1h | 199.00 | +0.488% | $106K | $920K | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 198.95 | +0.465% | $14.6M | $10.9M | 10x | as long as short |
| Polymarket Perps COIN-USDshort | +0.0050% | 1h | 198.91 | +0.444% | $125K | $1.2M | 10x | |
| SoDEX COIN-USD | +0.0050% | 1h | 199.01 | +0.495% | $90 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 199.07 | +0.525% | $312K | $2.1M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 199.14 | +0.561% | $938K | $307K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 198.81 | +0.394% | $89K | $272K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 199.00 | +0.490% | $576 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 198.99 | +0.486% | $117 | — | 10x | as long as short |
| GRVT COIN_USDT_Perp | +0.0112% | 8h | 199.05 | +0.517% | $18K | $3.4M | 10x | as long as short |
| Phoenix COIN | +0.0121% | 1h | 199.26 | +0.621% | $5K | $268K | 10x | as long as short |
| BloFin COIN-USDT | +0.0153% | 8h | 199.31 | +0.646% | $151K | $483K | 20x | as long as short |
| edgeX COINUSDC | +0.0975% | 4h | 199.46 | +0.723% | $51K | $292K | 10x | as long as short |
Arcus COIN-USD
Vest COIN-USD-PERP
Binance COINUSDT
Extended COIN_24_5-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
GRVT COIN_USDT_Perp
Phoenix COIN
BloFin COIN-USDT
edgeX COINUSDC