Settings8H · net · $10k
Funding arb · Price arb /

COIN

RWAall COIN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0487%/8h= +53.3% APRpaid last 24h +0.150%
Price spread now: edgeX against Polymarket Perps+0.097%64s7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs+$17as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$350.346% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.513%+$51 on $10k
Price spread, last 4 days (all we have)−0.008%−$1 · spread now +0.097%, 7d avg +0.016%
Together, before fees+0.505%+ Points / potential airdropedgeX: Active · farm board+$50 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and edgeX is 0.080% dearer against Polymarket Perps than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.016%. The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps COIN-USD196.580.0050pay 0.0006% / 1h26m 31s$133K$1.2M10x
ShortedgeX COINUSDC196.770.0537get 0.0269% / 4h3h 26m$51K$294K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$102.3
Price spread: +0.097% → +0.016%
$8.05
Slippage, 4 orders
−$17.56
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$75.78
Costs to cover
0.346%
Break-even
1.8 days
Slippage from Polymarket Perps: live order book, 2 min ago; edgeX: live order book, 26 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 2 min ago2.29 bp6.3 bp −$66.8 bp −$689.1 bp −$914doesn't fit
Sell edgeX live order book, 26 min ago5.82 bp10.8 bp −$1116.6 bp −$166doesn't fitdoesn't fit

COIN on 26 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget COINUSDT−0.0717%8h196.81+0.117%$6.2M$10.5M20xas long as short
Injective COIN/USDC PERP−0.0440%1h196.73+0.076%$43K$48K30xas long as short
Gate COIN_USDT−0.0224%8h196.75+0.086%$1.2M$7.3M50xas long as short
Vest COIN-USD-PERP−0.0109%1h196.04−0.275%$266K25xas long as short
Aster COINUSDT0.0000%8h196.58+0.001%$343K$890K20xas long as short
Extended COIN_24_5-USD0.0000%1h196.64+0.032%$116K$648K10xas long as short
Binance COINUSDT0.0000%8h196.69+0.056%$14.7M$80.2M20xas long as short
Bybit COINUSDT0.0000%8h196.77+0.097%$4.8M$6.0M50xas long as short
OKX COIN-USDT-SWAP0.0000%8h196.76+0.092%$3.0M$4.7M20xas long as short
Variational Omni COIN0.0000%8h196.85+0.138%$684K$939Kas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT COIN_USDT_Perp0.0000%8h196.80+0.111%$13K$2.4M10xas long as short
QFEX COIN-USD+0.0020%1h196.67+0.046%$1.3M$3.2M10xas long as short
Lighter RH COIN+0.0032%1h196.72+0.071%$453K$1.5M10xas long as short
Arcus COIN-USD+0.0040%1h196.82+0.122%$15K$55K5xas long as short
tradeXYZ xyz:COIN+0.0050%1h196.57−0.005%$15.3M$13.6M10xas long as short
Polymarket Perps COIN-USDlong+0.0050%1h196.58long leg$133K$1.2M10x
SoDEX COIN-USD+0.0050%1h196.57−0.005%$86$3K10xas long as short
Ondo Perps COIN-USD.P+0.0050%1h196.45−0.066%$368K$2.7M10xas long as short
Lighter COIN+0.0088%1h196.74+0.081%$341K$2.0M10xas long as short
KuCoin COINUSDTM+0.0100%8h196.76+0.092%$992K$143K20xas long as short
ApeX Omni COINUSDT+0.0100%1h196.71+0.066%$88K$287K50xas long as short
Orderly PERP_COIN_USDC_mythos+0.0100%8h196.52−0.031%$568$4K10xas long as short
Aevo COIN-PERP+0.0104%1h196.57−0.007%$11610xas long as short
BloFin COIN-USDT+0.0120%8h196.63+0.025%$188K$393K20xas long as short
Phoenix COIN+0.0122%1h196.74+0.081%$4K$283K10xas long as short
edgeX COINUSDCshort+0.0537%4h196.77+0.097%$51K$294K10x