Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h +0.005%
Price spread now: Extended against Polymarket Perps+0.059%7-day average −0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$310.310% of the position
Funding, last 7 days−0.084%−$8 on $10k
+Price spread, last 4 days (all we have)−0.537%−$54 · spread now +0.059%, 7d avg −0.042%
=Together, before fees−0.621%+ Points / potential airdropExtended: Active · farm board−$62 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.101% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.059% now, against its 7-day average of −0.042%): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps COIN-USD | 196.30 | 0.0050 | pay 0.0006% / 1h | 46m 27s | $131K | $1.4M | 10x |
| Short | Extended COIN_24_5-USD | 196.42 | 0 | get 0.0000% / 1h | 46m 27s | $106K | $861K | 10x |
Polymarket Perps COIN-USD
Extended COIN_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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: +0.059% → −0.042%
- $10.12
- Slippage, 4 orders
- −$17.96
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$31.34
- Costs to cover
- 0.310%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 2 min ago; Extended: live order book, 57 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, 2 min ago | 0.76 bp | 7.7 bp −$8 | 8.5 bp −$85 | 10.2 bp −$1,024 | doesn't fit |
| Sell Extended live order book, 57 min ago | 1.02 bp | 9.0 bp −$9 | 75.1 bp −$751 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0446% | 8h | 196.53 | +0.117% | $6.4M | $10.6M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.22 | −0.041% | $43K | $48K | 30x | as long as short |
| Vest COIN-USD-PERP | −0.0063% | 1h | 195.96 | −0.173% | — | $326K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 196.37 | +0.038% | $343K | $890K | 20x | as long as short |
| Extended COIN_24_5-USDshort | 0.0000% | 1h | 196.42 | +0.059% | $106K | $861K | 10x | |
| Binance COINUSDT | 0.0000% | 8h | 196.46 | +0.082% | $15.0M | $82.1M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 196.44 | +0.071% | $4.7M | $6.2M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.45 | +0.076% | $3.0M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 196.59 | +0.148% | $1.2M | $7.3M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 196.03 | −0.139% | $713K | $975K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Aster COINUSDT
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
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 | 196.10 | −0.103% | $22K | $2.8M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 196.38 | +0.043% | $363K | $2.3M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 196.35 | +0.025% | $463K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 196.38 | +0.041% | $17K | $58K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.27 | −0.015% | $15.2M | $13.1M | 10x | as long as short |
| Polymarket Perps COIN-USDlong | +0.0050% | 1h | 196.30 | long leg | $131K | $1.4M | 10x | |
| SoDEX COIN-USD | +0.0050% | 1h | 196.37 | +0.036% | $104 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.18 | −0.061% | $449K | $2.8M | 10x | as long as short |
| QFEX COIN-USD | +0.0065% | 1h | 196.39 | +0.046% | $1.3M | $2.9M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 196.16 | −0.071% | $989K | $136K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.07 | −0.117% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.40 | +0.051% | $568 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.44 | +0.069% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 196.40 | +0.051% | $188K | $437K | 20x | as long as short |
| Phoenix COIN | +0.0163% | 1h | 196.17 | −0.066% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0756% | 4h | 196.06 | −0.120% | $50K | $295K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
tradeXYZ xyz:COIN
SoDEX COIN-USD
Ondo Perps COIN-USD.P
QFEX COIN-USD
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC