Funding you earn now, next payment 23:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.004%
Price spread now: Bybit against Polymarket Perps+0.079%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−$35as in the Price arb table
costs, in and out, $10k−$370.374% of the position
Funding, last 7 days−0.007%−$1 on $10k
+Price spread, last 7 days−0.098%−$10 · spread now +0.079%, 7d avg +0.056%
=The price spread pays, funding is against you. Bybit is 0.023% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.079% now, against its 7-day average of +0.056%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 37 hours. 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 | Polymarket Perps COIN-USD | 201.30 | 0.0050 | pay 0.0006% / 1h | 29m 00s | $146K | $1.2M | 10x |
| Short | Bybit COINUSDT | 201.46 | 0 | get 0.0000% / 8h | 1h 29m | $5.0M | $5.9M | 50x |
Polymarket Perps COIN-USD
Bybit COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: +0.079% → +0.056%
- $2.3
- Slippage, 4 orders
- −$18.4
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$45.6
- Costs to cover
- 0.374%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 4 min ago; Bybit: 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 Polymarket Perps live order book, 4 min ago | 1.74 bp | 6.2 bp −$6 | 7.3 bp −$73 | 9.3 bp −$931 | doesn't fit |
| Sell Bybit live order book, 4 min ago | 3.72 bp | 10.9 bp −$11 | 26.4 bp −$264 | doesn't fit | 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 | 200.90 | −0.199% | $44K | $49K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 201.56 | +0.128% | $370K | $839K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 201.50 | +0.101% | $119K | $446K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 201.53 | +0.114% | $15.6M | $76.8M | 20x | as long as short |
| Bybit COINUSDTshort | 0.0000% | 8h | 201.46 | +0.079% | $5.0M | $5.9M | 50x | |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 201.51 | +0.104% | $3.3M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 201.52 | +0.109% | $1.3M | $6.9M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 201.63 | +0.164% | $6.9M | $9.9M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 201.63 | +0.164% | $799K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 201.66 | +0.179% | $16K | $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 | +0.0016% | 1h | 201.37 | +0.035% | $1.4M | $3.9M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 201.45 | +0.073% | $367K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 201.41 | +0.055% | $433K | $1.8M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 201.54 | +0.119% | $16K | $55K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 201.30 | 0.000% | — | $513K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 201.37 | +0.035% | $16.3M | $13.1M | 10x | as long as short |
| Polymarket Perps COIN-USDlong | +0.0050% | 1h | 201.30 | long leg | $146K | $1.2M | 10x | |
| SoDEX COIN-USD | +0.0050% | 1h | 201.41 | +0.055% | $87 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 201.38 | +0.040% | $362K | $3.3M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 201.51 | +0.104% | $1.0M | $145K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 201.80 | +0.248% | $91K | $346K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 201.46 | +0.079% | $583 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 201.36 | +0.030% | $119 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 201.59 | +0.144% | $199K | $341K | 20x | as long as short |
| Phoenix COIN | +0.0198% | 1h | 201.52 | +0.109% | $5K | $281K | 10x | as long as short |
| edgeX COINUSDC | +0.0698% | 4h | 201.78 | +0.240% | $52K | $294K | 10x | as long as short |
QFEX COIN-USD
Lighter COIN
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
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC