Funding you earn now, next payment 00:00 UTC+0.0060%/8h= +6.6% APRnext payment +$0.07 per $10,000 · paid last 24h +0.009%
Price spread now: Polymarket Perps against Coinbase International+0.281%47s7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as 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−$400.395% of the position
Funding, last 7 days−0.090%−$9 on $10k
+Price spread, last 3 days (all we have)−0.269%−$27 · spread now +0.281%, 7d avg +0.016%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.265% dearer against Coinbase International than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of +0.016%. Mind the row above: over the last 7 days funding on this pair cost −0.090%, so the current rate has only just turned in your favour. The two prices were read 47 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 | Coinbase International ADA-PERP-INTX | 0.2458 | 0.0040 | pay 0.0005% / 1h | 34m 24s | $417K | $7.3M | 50x |
| Short | Polymarket Perps ADA-USD | 0.2465 | 0.0100 | get 0.0013% / 1h | 34m 24s | $94K | $645K | 10x |
Coinbase International ADA-PERP-INTX
Polymarket Perps ADA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Coinbase International. 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
- $12.6
- Price spread: +0.281% → +0.016%
- $26.48
- Slippage, 4 orders
- −$21.52
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$0.44
- Costs to cover
- 0.395%
- Break-even
- 7.2 days
Slippage from Coinbase International: live order book, 5 min ago; Polymarket Perps: live order book, 38 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 Coinbase International live order book, 5 min ago | 6.13 bp | 14.3 bp −$14 | 19.5 bp −$195 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 38 min ago | 2.46 bp | 6.9 bp −$7 | 9.3 bp −$93 | doesn't fit | doesn't fit |
ADA on 37 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ADA-USD | 0.0000% | 1h | 0.2463 | +0.208% | $203K | $4K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2462 | +0.163% | $199K | $6.1M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2465 | +0.266% | $85K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.529% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTXlong | +0.0040% | 1h | 0.2458 | long leg | $417K | $7.3M | 50x | |
| Kraken Futures PF_ADAUSD | +0.0047% | 1h | 0.2459 | +0.028% | $6.2M | $11.7M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2466 | +0.334% | $2.5M | $1.1M | 10x | as long as short |
| Phoenix ADA | +0.0098% | 1h | 0.2454 | −0.171% | $4K | $84K | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2466 | +0.323% | $1.2M | $946K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2465 | +0.290% | $158K | $145K | 10x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Kraken Futures PF_ADAUSD
Lighter ADA
Phoenix ADA
Aster ADAUSDT
Pacifica ADAShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ADAUSDT | +0.0100% | 8h | 0.2466 | +0.318% | $102.2M | $365.1M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2465 | +0.285% | $72.2M | $104.0M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2465 | +0.285% | $32.5M | $107.1M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2462 | +0.163% | $97.7M | $58.6M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2464 | +0.244% | $52.9M | $51.0M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2465 | +0.285% | $30.2M | $17.8M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2465 | +0.285% | $66.2M | $44.0M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2464 | +0.244% | — | $6.6M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2463 | +0.203% | $116K | $420K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2460 | +0.086% | $4.2M | $942K | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2452 | −0.229% | $65K | $281K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2453 | −0.203% | $296K | $3.7M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2456 | −0.081% | $56K | $583K | 50x | as long as short |
| Polymarket Perps ADA-USDshort | +0.0100% | 1h | 0.2465 | +0.281% | $94K | $645K | 10x | |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2458 | 0.000% | $6K | $29K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2459 | +0.044% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2460 | +0.081% | $9K | $763K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2459 | +0.033% | $338 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2460 | +0.085% | $1.3M | $5.5M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2459 | +0.041% | $48.0M | $5.9M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0101% | 8h | 0.2465 | +0.273% | $21K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2464 | +0.244% | $554K | $1.8M | 50x | as long as short |
| Hyperliquid ADA | +0.0119% | 1h | 0.2467 | +0.374% | $43.0M | $14.4M | 10x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0197% | 1h | 0.2459 | +0.057% | $494K | $435K | 50x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2458 | 0.000% | $4.4M | $5.5M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0283% | 1h | 0.2465 | +0.287% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0625% / S −0.0393% | 1h | 0.2457 | −0.037% | $141K | — | 100x | as long as short |
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDC
Backpack ADA_USDC_PERP
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Paradex ADA-USD-PERP
Extended ADA-USD
Hyperliquid ADA
Deribit ADA_USDC-PERPETUAL
BloFin ADA-USDT
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]