ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0334%/8h= −36.6% APRnext payment −$0.42 per $10,000 · paid last 24h −0.108%

Price spread now: Polymarket Perps against Coinbase International+0.054%7-day average −0.189% · you sell dearer than you buy

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$570.571% of the position

Long on Coinbase International Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.755%−$75 on $10k

Price spread, last 4 days (all we have)−2.916%−$292 · spread now +0.054%, 7d avg −0.189%

Together, before fees−3.671%−$367 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.243% dearer against Coinbase International than usual: you sell high and buy low (spread +0.054% now, against its 7-day average of −0.189%): +$24 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ARB-PERP-INTX	0.2223	0.0224	pay 0.0028% / 1h	11m 13s	$498K	$2.0M	50x
Short	Polymarket Perps ARB-USD	0.2225	−0.0110	pay 0.0014% / 1h	11m 13s	$88K	$2.1M	10x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee Polymarket PerpsbpOrdersPrice spread, now +0.054%Rate

Funding earned: −$70.14
Price spread: +0.054% → −0.189%: $24.32
Slippage, 4 orders: −$39.05
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$102.87
Costs to cover: 0.571%
Break-even: never at this rate

Slippage from Coinbase International: 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 Coinbase International live order book, 3 min ago	9.20 bp	24.8 bp −$25	43.2 bp −$432	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	2.24 bp	6.2 bp −$6	8.4 bp −$84	doesn't fit	doesn't fit

ARB on 36 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 ARB/USDC PERP	−0.1577%	1h	0.2213	−0.468%	$40K	$372K	12x	as long as short
Variational Omni ARB	−0.0144%	8h	0.2231	+0.329%	$1.9M	$2.9M	—	as long as short
OKX ARB-USDT-SWAP	−0.0140%	8h	0.2226	+0.139%	$22.4M	$150.3M	50x	as long as short
MEXC ARB_USDT	−0.0140%	8h	0.2227	+0.166%	$38.3M	$59.4M	200x	as long as short
01 Exchange ARBUSD	−0.0112%	1h	0.2225	+0.090%	$7K	$2K	10x	as long as short
Gate ARB_USDT	−0.0110%	8h	0.2225	+0.094%	$5.4M	$19.2M	60x	as long as short
Polymarket Perps ARB-USDshort	−0.0110%	1h	0.2225	+0.054%	$88K	$2.1M	10x
Kraken Futures PF_ARBUSD	−0.0098%	1h	0.2228	+0.217%	$1.1M	$4.4M	50x	as long as short
Bybit ARBUSDT	−0.0078%	8h	0.2227	+0.175%	$56.7M	$125.9M	50x	as long as short
SoDEX ARB-USD	−0.0076%	1h	0.2227	+0.166%	$10K	$2.3M	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ARB_USDC	−0.0075%	8h	0.2227	+0.162%	$13K	$386K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2224	+0.022%	$66K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2228	+0.184%	$25K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0013%	1h	0.2226	+0.137%	$11K	—	150x	as long as short
Binance ARBUSDT	+0.0024%	8h	0.2227	+0.180%	$65.1M	$306.6M	75x	as long as short
Extended ARB-USD	+0.0024%	1h	0.2226	+0.124%	$353K	$2.5M	25x	as long as short
Phemex ARBUSDT	+0.0039%	8h	0.2225	+0.072%	$5.0M	$12.9M	50x	as long as short
Bitget ARBUSDT	+0.0075%	8h	0.2227	+0.162%	$21.2M	$34.6M	50x	as long as short
BingX ARB-USDC	+0.0079%	8h	0.2223	−0.036%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2228	+0.189%	$141K	$7K	3x	as long as short
BloFin ARB-USDT	+0.0095%	8h	0.2228	+0.202%	$3.1M	$2.6M	75x	as long as short
Lighter ARB	+0.0096%	1h	0.2227	+0.166%	$1.2M	$6.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2226	+0.139%	$38.6M	$49.2M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2224	+0.021%	$651K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2224	+0.015%	$42K	$169K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2225	+0.072%	$19.7M	$15.3M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2227	+0.142%	$40K	$460K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2229	+0.251%	$483K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2227	+0.162%	$120K	$283K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2227	+0.162%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2227	+0.175%	$303K	$939K	50x	as long as short
Coinbase International ARB-PERP-INTXlong	+0.0224%	1h	0.2223	long leg	$498K	$2.0M	50x
RISEx ARB/USDC	+0.0232%	1h	0.2227	+0.146%	$484K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2226	+0.119%	$830K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2224	+0.039%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0565%	1h	0.2226	+0.126%	$1.0M	$2.8M	20x	as long as short