Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.006%
Price spread now: Polymarket Perps against Binance−0.057%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$290.288% of the position
Funding, last 7 days+0.096%+$10 on $10k
+Price spread, last 2 days (all we have)+0.006%+$1 · spread now −0.057%, 7d avg −0.023%
=Funding pays, the price is against you. Polymarket Perps is 0.034% cheaper against Binance than usual: you would sell low and buy high (spread −0.057% now, against its 7-day average of −0.023%). If the spread goes back, that is −$3 on $10k: about 2.3 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance COINUSDT | 201.71 | 0 | get 0.0000% / 8h | 7h 47m | $15.8M | $76.1M | 20x |
| Short | Polymarket Perps COIN-USD | 201.59 | 0.0050 | get 0.0006% / 1h | 47m 45s | $129K | $1.2M | 10x |
Binance COINUSDT
Polymarket Perps COIN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Binance. 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
- $10.5
- Price spread: −0.057% → −0.023%
- −$3.41
- Slippage, 4 orders
- −$10.77
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$21.68
- Costs to cover
- 0.288%
- Break-even
- 21.5 days
Slippage from Binance: live order book, 10 min ago; Polymarket Perps: live order book, 1 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 Binance live order book, 10 min ago | 0.49 bp | 8.4 bp −$8 | 19.6 bp −$196 | 69.2 bp −$6,921 | doesn't fit |
| Sell Polymarket Perps live order book, 1 min ago | 1.99 bp | 6.2 bp −$6 | 7.4 bp −$74 | 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 | 201.52 | −0.092% | $44K | $48K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 201.64 | −0.031% | $370K | $840K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 201.66 | −0.023% | $119K | $518K | 10x | as long as short |
| Binance COINUSDTlong | 0.0000% | 8h | 201.71 | long leg | $15.8M | $76.1M | 20x | |
| Bybit COINUSDT | 0.0000% | 8h | 201.75 | +0.022% | $5.1M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 201.80 | +0.047% | $3.3M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 201.64 | −0.032% | $1.3M | $6.8M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 201.78 | +0.037% | $6.9M | $9.7M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 201.31 | −0.194% | $839K | $1.1M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 201.78 | +0.037% | $12K | $2.0M | 10x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
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 | +0.0021% | 1h | 201.66 | −0.022% | $1.4M | $3.9M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 201.58 | −0.062% | $434K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 201.73 | +0.012% | $16K | $53K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 201.49 | −0.107% | — | $513K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 201.65 | −0.027% | $16.6M | $12.5M | 10x | as long as short |
| Polymarket Perps COIN-USDshort | +0.0050% | 1h | 201.59 | −0.057% | $129K | $1.2M | 10x | |
| SoDEX COIN-USD | +0.0050% | 1h | 201.59 | −0.057% | $98 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 201.41 | −0.146% | $359K | $3.3M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 201.75 | +0.022% | $1.0M | $135K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 201.44 | −0.131% | $91K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 201.63 | −0.037% | $583 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 201.63 | −0.039% | $119 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 201.67 | −0.017% | $199K | $341K | 20x | as long as short |
| Lighter COIN | +0.0168% | 1h | 201.69 | −0.007% | $376K | $1.8M | 10x | as long as short |
| Phoenix COIN | +0.0237% | 1h | 201.81 | +0.052% | $5K | $279K | 10x | as long as short |
| edgeX COINUSDC | +0.0498% | 4h | 201.72 | +0.005% | $52K | $293K | 10x | as long as short |
QFEX COIN-USD
Lighter RH COIN
Arcus COIN-USD
Vest COIN-USD-PERP
tradeXYZ xyz:COIN
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Lighter COIN
Phoenix COIN
edgeX COINUSDC