Funding you earn now, next payment 05:00 UTC+0.0070%/8h= +7.7% APRpaid last 24h +0.030%
Price spread now: BloFin against Polymarket Perps+0.138%45s7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as 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−$290.293% of the position
Funding, last 7 days+0.139%+$14 on $10k
+Price spread, last 4 days (all we have)−0.187%−$19 · spread now +0.138%, 7d avg +0.013%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.124% dearer against Polymarket Perps than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.013%. 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 | Polymarket Perps COIN-USD | 196.17 | 0.0050 | pay 0.0006% / 1h | 23m 41s | $133K | $1.2M | 10x |
| Short | BloFin COIN-USDT | 196.44 | 0.0120 | get 0.0120% / 8h | 3h 23m | $187K | $392K | 20x |
Polymarket Perps COIN-USD
BloFin COIN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $14.7
- Price spread: +0.138% → +0.013%
- $12.43
- Slippage, 4 orders
- −$9.27
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$2.15
- Costs to cover
- 0.293%
- Break-even
- 8.0 days
Slippage from Polymarket Perps: live order book, 5 min ago; BloFin: live order book, 7 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, 5 min ago | 2.29 bp | 6.3 bp −$6 | 6.8 bp −$68 | 9.1 bp −$914 | doesn't fit |
| Sell BloFin live order book, 7 min ago | 1.02 bp | 7.7 bp −$8 | 9.4 bp −$94 | 37.0 bp −$3,698 | 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 | −0.0731% | 8h | 196.53 | +0.184% | $6.2M | $10.5M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.63 | +0.234% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0222% | 8h | 196.37 | +0.102% | $1.2M | $7.3M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0108% | 1h | 195.69 | −0.245% | — | $266K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 196.33 | +0.080% | $343K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.29 | +0.061% | $116K | $643K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 196.34 | +0.088% | $14.7M | $80.2M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 196.36 | +0.097% | $4.8M | $6.0M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.34 | +0.087% | $3.0M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 196.67 | +0.254% | $683K | $939K | — | 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 | 196.80 | +0.321% | $13K | $2.4M | 10x | as long as short |
| QFEX COIN-USD | +0.0020% | 1h | 196.30 | +0.066% | $1.3M | $3.2M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 196.27 | +0.051% | $453K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 196.60 | +0.219% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.21 | +0.020% | $15.3M | $13.6M | 10x | as long as short |
| Polymarket Perps COIN-USDlong | +0.0050% | 1h | 196.17 | long leg | $133K | $1.2M | 10x | |
| SoDEX COIN-USD | +0.0050% | 1h | 196.29 | +0.061% | $92 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.10 | −0.036% | $368K | $2.7M | 10x | as long as short |
| edgeX COINUSDC | +0.0054% | 4h | 196.66 | +0.248% | $51K | $294K | 10x | as long as short |
| Lighter COIN | +0.0056% | 1h | 196.31 | +0.071% | $385K | $2.1M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 196.38 | +0.107% | $990K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.54 | +0.189% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.31 | +0.071% | $568 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.23 | +0.030% | $116 | — | 10x | as long as short |
| BloFin COIN-USDTshort | +0.0120% | 8h | 196.44 | +0.138% | $187K | $392K | 20x | |
| Phoenix COIN | +0.0122% | 1h | 196.74 | +0.291% | $4K | $283K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter RH COIN
Arcus COIN-USD
tradeXYZ xyz:COIN
SoDEX COIN-USD
Ondo Perps COIN-USD.P
edgeX COINUSDC
Lighter COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Phoenix COIN