Funding you earn now, next payment 00:00 UTC+0.0070%/8h= +7.6% APRnext payment +$0.09 per $10,000 · paid last 24h +0.025%
Price spread now: tradeXYZ against Polymarket Perps−0.040%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$350.352% of the position
Funding, last 7 days+0.048%+$5 on $10k
+Price spread, last 7 days−0.028%−$3 · spread now −0.040%, 7d avg −0.016%
=Together, before fees+0.021%+ Points / potential airdroptradeXYZ: Active · farm board+$2 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.023% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.040% now, against its 7-day average of −0.016%). If the spread goes back, that is −$2 on $10k: about 27 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.048% in total) that is about 3.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps COIN-USD | 202.02 | 0.0050 | pay 0.0006% / 1h | 13m 56s | $129K | $1.2M | 10x |
| Short | tradeXYZ xyz:COIN | 201.94 | 0.0120 | get 0.0015% / 1h | 13m 56s | $16.6M | $13.2M | 10x |
Polymarket Perps COIN-USD
tradeXYZ xyz:COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $14.67
- Price spread: −0.040% → −0.016%
- −$2.35
- Slippage, 4 orders
- −$9.18
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$22.87
- Costs to cover
- 0.352%
- Break-even
- 17.9 days
Slippage from Polymarket Perps: live order book, 4 min ago; tradeXYZ: live order book, 5 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 | 6.8 bp −$7 | 7.8 bp −$78 | 10.4 bp −$1,037 | doesn't fit |
| Sell tradeXYZ live order book, 5 min ago | 0.74 bp | 10.2 bp −$10 | 12.8 bp −$128 | 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 | 201.54 | −0.238% | $44K | $49K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 202.02 | +0.002% | $370K | $839K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 201.92 | −0.049% | $119K | $446K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 201.96 | −0.031% | $15.7M | $76.6M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 202.00 | −0.010% | $5.0M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 201.99 | −0.015% | $3.3M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 202.04 | +0.010% | $1.3M | $7.0M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 202.04 | +0.010% | $6.9M | $10.1M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 202.06 | +0.018% | $840K | $1.1M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 201.91 | −0.054% | $12K | $2.0M | 10x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit 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 | +0.0032% | 1h | 202.01 | −0.005% | $1.4M | $4.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 201.96 | −0.030% | $435K | $1.8M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 202.22 | +0.099% | $16K | $55K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 201.96 | −0.030% | — | $513K | 25x | as long as short |
| Polymarket Perps COIN-USDlong | +0.0050% | 1h | 202.02 | long leg | $129K | $1.2M | 10x | |
| SoDEX COIN-USD | +0.0050% | 1h | 202.03 | +0.005% | $84 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 201.87 | −0.074% | $361K | $3.3M | 10x | as long as short |
| Lighter COIN | +0.0056% | 1h | 201.99 | −0.017% | $377K | $2.0M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 202.10 | +0.040% | $1.0M | $138K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 201.89 | −0.064% | $91K | $310K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 202.05 | +0.015% | $584 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 201.99 | −0.015% | $119 | — | 10x | as long as short |
| tradeXYZ xyz:COINshort | +0.0120% | 1h | 201.94 | −0.040% | $16.6M | $13.2M | 10x | |
| BloFin COIN-USDT | +0.0120% | 8h | 202.06 | +0.020% | $200K | $342K | 20x | as long as short |
| Phoenix COIN | +0.0238% | 1h | 201.85 | −0.084% | $5K | $279K | 10x | as long as short |
| edgeX COINUSDC | +0.0525% | 4h | 201.86 | −0.081% | $52K | $295K | 10x | as long as short |
QFEX COIN-USD
Lighter RH COIN
Arcus COIN-USD
Vest COIN-USD-PERP
SoDEX COIN-USD
Ondo Perps COIN-USD.P
Lighter COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC