Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.005%
Price spread now: Binance against Polymarket Perps+0.138%7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$280.280% of the position
Funding, last 7 days−0.097%−$10 on $10k
+Price spread, last 7 days−0.135%−$13 · spread now +0.138%, 7d avg +0.056%
=The price spread pays, funding is against you. Binance is 0.082% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.138% now, against its 7-day average of +0.056%): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps COIN-USD | 196.14 | 0.0050 | pay 0.0006% / 1h | 11m 53s | $128K | $1.4M | 10x |
| Short | Binance COINUSDT | 196.41 | 0 | get 0.0000% / 8h | 2h 11m | $15.1M | $82.5M | 20x |
Polymarket Perps COIN-USD
Binance COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Polymarket Perps. 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: +0.138% → +0.056%
- $8.21
- Slippage, 4 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$30.3
- Costs to cover
- 0.280%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 1 min ago; Binance: 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 Polymarket Perps live order book, 1 min ago | 2.55 bp | 6.5 bp −$7 | 7.3 bp −$73 | 10.1 bp −$1,008 | doesn't fit |
| Sell Binance live order book, 1 min ago | 0.25 bp | 6.0 bp −$6 | 13.7 bp −$137 | 58.7 bp −$5,872 | 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 | −0.0842% | 8h | 196.54 | +0.204% | $6.4M | $10.7M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 195.88 | −0.133% | $43K | $48K | 30x | as long as short |
| Vest COIN-USD-PERP | −0.0110% | 1h | 195.53 | −0.311% | — | $289K | 25x | as long as short |
| Gate COIN_USDT | −0.0076% | 8h | 196.58 | +0.224% | $1.2M | $7.4M | 50x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 196.18 | +0.020% | $342K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.39 | +0.130% | $112K | $854K | 10x | as long as short |
| Binance COINUSDTshort | 0.0000% | 8h | 196.41 | +0.138% | $15.1M | $82.5M | 20x | |
| Bybit COINUSDT | 0.0000% | 8h | 196.36 | +0.112% | $4.7M | $6.3M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.38 | +0.122% | $3.0M | $4.7M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 195.78 | −0.182% | $711K | $961K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Gate COIN_USDT
Aster COINUSDT
Extended COIN_24_5-USD
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 | 195.99 | −0.076% | $11K | $2.6M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 196.21 | +0.036% | $458K | $1.5M | 10x | as long as short |
| QFEX COIN-USD | +0.0038% | 1h | 196.18 | +0.020% | $1.3M | $3.0M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 196.07 | −0.036% | $15K | $54K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.23 | +0.046% | $15.2M | $13.8M | 10x | as long as short |
| Polymarket Perps COIN-USDlong | +0.0050% | 1h | 196.14 | long leg | $128K | $1.4M | 10x | |
| SoDEX COIN-USD | +0.0050% | 1h | 196.28 | +0.071% | $97 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.74 | −0.204% | $449K | $2.9M | 10x | as long as short |
| Phoenix COIN | +0.0082% | 1h | 195.83 | −0.158% | $4K | $283K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 196.00 | −0.071% | $988K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.80 | −0.173% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.20 | +0.031% | $567 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.29 | +0.075% | $116 | — | 10x | as long as short |
| Lighter COIN | +0.0120% | 1h | 196.27 | +0.068% | $379K | $2.3M | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 196.26 | +0.061% | $187K | $421K | 20x | as long as short |
| edgeX COINUSDC | +0.0146% | 4h | 195.88 | −0.135% | $51K | $296K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter RH COIN
QFEX COIN-USD
Arcus COIN-USD
tradeXYZ xyz:COIN
SoDEX COIN-USD
Ondo Perps COIN-USD.P
Phoenix COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Lighter COIN
BloFin COIN-USDT
edgeX COINUSDC