Funding you earn now, next payment 10:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.019%
Price spread now: Polymarket Perps against Bybit−0.081%7-day average −0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$460.456% of the position
Funding, last 7 days+0.009%+$1 on $10k
+Price spread, last 7 days−0.177%−$18 · spread now −0.081%, 7d avg −0.063%
=The price spread sits at its 7-day average of −0.063%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit COINUSDT | 197.19 | 0 | get 0.0000% / 8h | 6h 55m | $4.6M | $5.7M | 50x |
| Short | Polymarket Perps COIN-USD | 197.03 | 0.0050 | get 0.0006% / 1h | 55m 11s | $137K | $1.4M | 10x |
Bybit COINUSDT
Polymarket Perps COIN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Bybit. 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: −0.081% → −0.063%
- −$1.77
- Slippage, 4 orders
- −$26.59
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$36.86
- Costs to cover
- 0.456%
- Break-even
- 31.6 days
Slippage from Bybit: live order book, 3 min ago; Polymarket Perps: live order book, 3 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 Bybit live order book, 3 min ago | 3.29 bp | 12.7 bp −$13 | 33.3 bp −$333 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 3 min ago | 2.78 bp | 9.0 bp −$9 | 9.3 bp −$93 | 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 | 197.18 | −0.005% | $17K | $224K | 30x | as long as short |
| Ondo Perps COIN-USD.P | −0.0165% | 1h | 196.95 | −0.122% | $380K | $2.3M | 10x | as long as short |
| tradeXYZ xyz:COIN | −0.0059% | 1h | 196.95 | −0.122% | $14.8M | $12.4M | 10x | as long as short |
| Vest COIN-USD-PERP | −0.0017% | 1h | 197.11 | −0.041% | — | $322K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.42 | +0.115% | $344K | $879K | 20x | as long as short |
| Bybit COINUSDTlong | 0.0000% | 8h | 197.19 | long leg | $4.6M | $5.7M | 50x | |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.07 | −0.061% | $3.1M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 197.16 | −0.015% | $1.2M | $6.5M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 197.06 | −0.066% | $6.4M | $10.0M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.57 | +0.191% | $670K | $831K | — | as long as short |
Injective COIN/USDC PERP
Ondo Perps COIN-USD.P
tradeXYZ xyz:COIN
Vest COIN-USD-PERP
Aster COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDT
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 197.88 | +0.351% | $15K | $3.0M | 10x | as long as short |
| Extended COIN_24_5-USD | +0.0016% | 1h | 197.08 | −0.055% | $105K | $848K | 10x | as long as short |
| Binance COINUSDT | +0.0016% | 8h | 197.09 | −0.050% | $14.6M | $79.2M | 20x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.11 | −0.041% | $349K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.10 | −0.046% | $471K | $1.2M | 10x | as long as short |
| QFEX COIN-USD | +0.0036% | 1h | 196.96 | −0.117% | $1.3M | $2.7M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.20 | +0.005% | $17K | $37K | 5x | as long as short |
| Polymarket Perps COIN-USDshort | +0.0050% | 1h | 197.03 | −0.081% | $137K | $1.4M | 10x | |
| SoDEX COIN-USD | +0.0050% | 1h | 197.01 | −0.091% | $80 | $3K | 10x | as long as short |
| BloFin COIN-USDT | +0.0072% | 8h | 197.12 | −0.035% | $189K | $487K | 20x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.32 | +0.066% | $931K | $230K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.85 | +0.335% | $89K | $280K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.28 | +0.046% | $571 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.07 | −0.063% | $116 | — | 10x | as long as short |
| Phoenix COIN | +0.0164% | 1h | 197.73 | +0.274% | $5K | $257K | 10x | as long as short |
| edgeX COINUSDC | +0.0887% | 4h | 197.67 | +0.245% | $51K | $293K | 10x | as long as short |
GRVT COIN_USDT_Perp
Extended COIN_24_5-USD
Binance COINUSDT
Lighter COIN
Lighter RH COIN
QFEX COIN-USD
Arcus COIN-USD
SoDEX COIN-USD
BloFin COIN-USDT
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Phoenix COIN
edgeX COINUSDC