Funding you earn now, next payment 23:00 UTC−0.0116%/8h= −12.7% APRnext payment −$0.14 per $10,000 · paid last 24h −0.077%
Price spread now: Polymarket Perps against Coinbase International−0.770%47s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Polymarket Perps is 0.770% cheaper against Coinbase International than usual: you would sell low and buy high (−$77 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. 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 ETHFI-PERP-INTX | 0.7237 | 0.0216 | pay 0.0027% / 1h | 24m 32s | $32K | $6K | 50x |
| Short | Polymarket Perps ETHFI-USD | 0.7181 | 0.0100 | get 0.0013% / 1h | 24m 32s | $59K | $94K | 5x |
Coinbase International ETHFI-PERP-INTX
Polymarket Perps ETHFI-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
- −$24.36
- Price spread: −0.770% → 0.000%
- −$76.97
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$119.33
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: no order-book sample; Polymarket Perps: no order-book sample. Net counts fees only.
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 no order-book sample | — | — | — | — | — |
| Sell Polymarket Perps no order-book sample | — | — | — | — | — |
Coinbase International and Polymarket Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0445% | 1h | 0.7186 | −0.705% | $42K | $18K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0356% | 4h | 0.7170 | −0.926% | $83K | $165K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0187% | 4h | 0.7183 | −0.746% | $16K | $1K | 10x | as long as short |
| Paradex ETHFI-USD-PERP | −0.0001% | 8h | 0.7178 | −0.816% | $6K | — | 5x | as long as short |
| Extended ETHFI-USD | +0.0032% | 1h | 0.7175 | −0.850% | $93K | $492K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0032% | 4h | 0.7178 | −0.815% | $25.0M | $37.2M | 75x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.041% | $321 | $51K | 5.5x | as long as short |
| MEXC ETHFI_USDT | +0.0036% | 4h | 0.7179 | −0.801% | $15.3M | $3.8M | 125x | as long as short |
| Aster ETHFIUSDT | +0.0077% | 4h | 0.7185 | −0.719% | $183K | $259K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.7180 | −0.788% | $9K | — | 3x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Paradex ETHFI-USD-PERP
Extended ETHFI-USD
Binance ETHFIUSDT
Injective ETHFI/USDC PERP
MEXC ETHFI_USDT
Aster ETHFIUSDT
Aevo ETHFI-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFI | +0.0096% | 1h | 0.7192 | −0.619% | $1.1M | $897K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7191 | −0.631% | $18.2M | $8.9M | 5x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7179 | −0.801% | $18.2M | $13.1M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7181 | −0.774% | $5.0M | $12.6M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7181 | −0.774% | $1.7M | $2.1M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7178 | −0.815% | $1.2M | $270K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7181 | −0.774% | $6.1M | $5.7M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7178 | −0.815% | — | $1.2M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7178 | −0.820% | $1.1M | $738K | — | as long as short |
| Polymarket Perps ETHFI-USDshort | +0.0100% | 1h | 0.7181 | −0.770% | $59K | $94K | 5x | |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7181 | −0.774% | $1K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0140% | 4h | 0.7173 | −0.884% | $1.3M | $288K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTXlong | +0.0216% | 1h | 0.7237 | long leg | $32K | $6K | 50x | |
| Kraken Futures PF_ETHFIUSD | +0.0551% | 1h | 0.7192 | −0.622% | $277K | $161K | 20x | as long as short |
Lighter ETHFI
Hyperliquid ETHFI
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Variational Omni ETHFI
SunX ETHFI-USDT
BloFin ETHFI-USDT
Kraken Futures PF_ETHFIUSD