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Funding arb · Price arb /

COIN

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.061%
Price spread now: Gate against Polymarket Perps+0.035%7-day average +0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$410.411% of the position
Long on Polymarket PerpsShort on Gate
What this pair did over the last
the charts below follow
Funding, last 7 days+0.060%+$6 on $10k
Price spread, last 7 days−0.036%−$4 · spread now +0.035%, 7d avg +0.062%
Together, before fees+0.024%+$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.028% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.062%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.060%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps COIN-USD202.220.0050pay 0.0006% / 1h48m 14s$140K$1.2M10x
ShortGate COIN_USDT202.290get 0.0000% / 8h48m 14s$1.3M$7.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
−$10.5
Price spread: +0.035% → +0.062%
−$2.75
Slippage, 4 orders
−$18.13
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$54.38
Costs to cover
0.411%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 5 min ago; Gate: live order book, 5 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, 5 min ago1.98 bp6.0 bp −$66.9 bp −$6910.2 bp −$1,016doesn't fit
Sell Gate live order book, 5 min ago4.20 bp17.2 bp −$1738.9 bp −$389doesn'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
Injective COIN/USDC PERP−0.0440%1h202.13−0.045%$45K$49K30xas long as short
Aster COINUSDT0.0000%8h202.23+0.007%$371K$839K20xas long as short
Extended COIN_24_5-USD0.0000%1h202.26+0.022%$119K$446K10xas long as short
Binance COINUSDT0.0000%8h202.30+0.040%$15.7M$76.6M20xas long as short
Bybit COINUSDT0.0000%8h202.28+0.030%$5.0M$5.9M50xas long as short
OKX COIN-USDT-SWAP0.0000%8h202.30+0.040%$3.3M$4.7M20xas long as short
Gate COIN_USDTshort0.0000%8h202.29+0.035%$1.3M$7.0M50x
Variational Omni COIN0.0000%8h202.18−0.020%$840K$1.1M—as long as short
GRVT COIN_USDT_Perp0.0000%8h202.22+0.001%$21K$2.0M10xas long as short
Bitget COINUSDT+0.0006%8h202.33+0.054%$6.9M$10.1M20xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX COIN-USD+0.0032%1h202.21−0.005%$1.4M$3.9M10xas long as short
Lighter RH COIN+0.0032%1h202.27+0.025%$434K$1.8M10xas long as short
Arcus COIN-USD+0.0040%1h202.26+0.020%$16K$55K5xas long as short
Vest COIN-USD-PERP+0.0046%1h202.11−0.054%—$513K25xas long as short
Polymarket Perps COIN-USDlong+0.0050%1h202.22long leg$140K$1.2M10x
SoDEX COIN-USD+0.0050%1h202.27+0.025%$84$3K10xas long as short
Ondo Perps COIN-USD.P+0.0050%1h202.05−0.084%$368K$3.3M10xas long as short
KuCoin COINUSDTM+0.0100%8h202.15−0.035%$1.0M$141K20xas long as short
ApeX Omni COINUSDT+0.0100%1h202.12−0.049%$91K$334K50xas long as short
Orderly PERP_COIN_USDC_mythos+0.0100%8h202.26+0.020%$585$4K10xas long as short
Aevo COIN-PERP+0.0104%1h202.28+0.028%$119—10xas long as short
BloFin COIN-USDT+0.0120%8h202.18−0.020%$155K$342K20xas long as short
edgeX COINUSDC+0.0147%4h202.18−0.020%$52K$294K10xas long as short
Phoenix COIN+0.0238%1h202.29+0.035%$5K$279K10xas long as short
Lighter COIN+0.0248%1h202.29+0.035%$374K$2.0M10xas long as short
tradeXYZ xyz:COIN+0.0308%1h202.25+0.015%$16.5M$13.1M10xas long as short