Funding you earn now, next payment 10:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.019%
Price spread now: Bybit against Polymarket Perps+0.046%7-day average +0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$460.463% of the position
Funding, last 7 days−0.009%−$1 on $10k
+Price spread, last 7 days+0.213%+$21 · spread now +0.046%, 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 | Polymarket Perps COIN-USD | 197.55 | 0.0050 | pay 0.0006% / 1h | 57m 29s | $138K | $1.4M | 10x |
| Short | Bybit COINUSDT | 197.64 | 0 | get 0.0000% / 8h | 6h 57m | $4.6M | $5.8M | 50x |
Polymarket Perps COIN-USD
Bybit COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$10.5
- Price spread: +0.046% → +0.063%
- −$1.78
- Slippage, 4 orders
- −$27.33
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$58.61
- Costs to cover
- 0.463%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 1 min ago; Bybit: 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, 1 min ago | 2.78 bp | 8.6 bp −$9 | 12.0 bp −$120 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 1.01 bp | 15.3 bp −$15 | 35.8 bp −$358 | 152.9 bp −$15.3K | 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 | 197.50 | −0.025% | $17K | $224K | 30x | as long as short |
| Ondo Perps COIN-USD.P | −0.0142% | 1h | 197.47 | −0.040% | $381K | $2.3M | 10x | as long as short |
| tradeXYZ xyz:COIN | −0.0044% | 1h | 197.52 | −0.015% | $14.9M | $12.2M | 10x | as long as short |
| Vest COIN-USD-PERP | −0.0020% | 1h | 197.50 | −0.025% | — | $322K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.72 | +0.085% | $345K | $879K | 20x | as long as short |
| Bybit COINUSDTshort | 0.0000% | 8h | 197.64 | +0.046% | $4.6M | $5.8M | 50x | |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.70 | +0.076% | $3.1M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 197.67 | +0.061% | $1.2M | $6.5M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 197.73 | +0.091% | $6.4M | $10.0M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.99 | +0.222% | $672K | $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 | 198.26 | +0.359% | $14K | $3.0M | 10x | as long as short |
| Binance COINUSDT | +0.0027% | 8h | 197.72 | +0.088% | $14.6M | $79.3M | 20x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.59 | +0.018% | $356K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.59 | +0.020% | $471K | $1.2M | 10x | as long as short |
| Extended COIN_24_5-USD | +0.0032% | 1h | 197.61 | +0.028% | $105K | $848K | 10x | as long as short |
| QFEX COIN-USD | +0.0036% | 1h | 197.60 | +0.025% | $1.3M | $2.7M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.75 | +0.101% | $17K | $37K | 5x | as long as short |
| Polymarket Perps COIN-USDlong | +0.0050% | 1h | 197.55 | long leg | $138K | $1.4M | 10x | |
| SoDEX COIN-USD | +0.0050% | 1h | 197.66 | +0.056% | $76 | $3K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.69 | +0.071% | $932K | $228K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 198.00 | +0.228% | $89K | $280K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.81 | +0.132% | $572 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.68 | +0.063% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0132% | 8h | 197.86 | +0.157% | $189K | $489K | 20x | as long as short |
| Phoenix COIN | +0.0164% | 1h | 198.21 | +0.334% | $5K | $253K | 10x | as long as short |
| edgeX COINUSDC | +0.0632% | 4h | 198.03 | +0.241% | $51K | $293K | 10x | as long as short |
GRVT COIN_USDT_Perp
Binance COINUSDT
Lighter COIN
Lighter RH COIN
Extended COIN_24_5-USD
QFEX COIN-USD
Arcus COIN-USD
SoDEX COIN-USD
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC