ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0387%/8h= +42.4% APRnext payment +$0.48 per $10,000 · paid last 24h +0.106%

Price spread now: Coinbase International against Polymarket Perps+0.165%7-day average +0.192% · you sell dearer than you buy

Net, funding: paid 7d − costs+$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$460.463% of the position

Long on Polymarket Perps Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.757%+$76 on $10k

Price spread, last 3 days (all we have)+0.893%+$89 · spread now +0.165%, 7d avg +0.192%

Together, before fees+1.650%+$165 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.027% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread +0.165% now, against its 7-day average of +0.192%). If the spread goes back, that is −$3 on $10k: about 6 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ARB-USD	0.2238	−0.0123	get 0.0015% / 1h	17m 41s	$73K	$2.0M	10x
Short	Coinbase International ARB-PERP-INTX	0.2242	0.0264	get 0.0033% / 1h	17m 41s	$506K	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 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 Polymarket PerpsbpFee Coinbase InternationalbpOrdersPrice spread, now +0.165%Rate

Funding earned: $81.35
Price spread: +0.165% → +0.192%: −$2.7
Slippage, 4 orders: −$28.33
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $32.32
Costs to cover: 0.463%
Break-even: 4.2 days

Slippage from Polymarket Perps: live order book, 6 min ago; Coinbase International: live order book, 6 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, 6 min ago	2.24 bp	6.2 bp −$6	8.9 bp −$89	doesn't fit	doesn't fit
Sell Coinbase International live order book, 6 min ago	4.47 bp	13.9 bp −$14	30.3 bp −$303	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	−0.1770%	1h	0.2230	−0.371%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0232%	1h	0.2237	−0.040%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0196%	1h	0.2238	0.000%	$4K	$2.8M	5x	as long as short
Variational Omni ARB	−0.0168%	8h	0.2238	−0.001%	$1.9M	$2.7M	—	as long as short
Bybit ARBUSDT	−0.0147%	8h	0.2240	+0.063%	$57.9M	$133.2M	50x	as long as short
Polymarket Perps ARB-USDlong	−0.0123%	1h	0.2238	long leg	$73K	$2.0M	10x
OKX ARB-USDT-SWAP	−0.0100%	8h	0.2240	+0.080%	$22.5M	$160.8M	50x	as long as short
MEXC ARB_USDT	−0.0100%	8h	0.2240	+0.085%	$37.2M	$62.7M	200x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0063%	1h	0.2239	+0.040%	$26K	$32K	25x	as long as short
Orderly PERP_ARB_USDC	−0.0038%	8h	0.2238	−0.013%	$10K	$395K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ARBUSDT	−0.0008%	8h	0.2240	+0.089%	$64.1M	$316.9M	75x	as long as short
Extended ARB-USD	−0.0008%	1h	0.2238	+0.007%	$356K	$2.4M	25x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2242	+0.151%	$66K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2240	+0.076%	$56K	—	150x	as long as short
Gate ARB_USDT	+0.0033%	8h	0.2240	+0.085%	$5.5M	$20.7M	60x	as long as short
Bitget ARBUSDT	+0.0068%	8h	0.2239	+0.031%	$21.0M	$37.3M	50x	as long as short
BingX ARB-USDT	+0.0070%	8h	0.2240	+0.054%	—	$53.2M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2240	+0.076%	$146K	$12K	3x	as long as short
Kraken Futures PF_ARBUSD	+0.0085%	1h	0.2240	+0.090%	$1.1M	$5.1M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2242	+0.156%	$1.3M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2243	+0.219%	$40.1M	$50.6M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2240	+0.089%	$696K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2242	+0.155%	$44K	$193K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2241	+0.112%	$20.6M	$16.4M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2239	+0.046%	$40K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2240	+0.077%	$486K	$3.9M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2240	+0.076%	$121K	$295K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2241	+0.121%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2238	−0.013%	$276K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2239	+0.031%	$5.2M	$13.4M	50x	as long as short
BloFin ARB-USDT	+0.0112%	8h	0.2239	+0.049%	$3.0M	$3.3M	75x	as long as short
Coinbase International ARB-PERP-INTXshort	+0.0264%	1h	0.2242	+0.165%	$506K	$2.3M	50x
GMX ARB/USD [ARB-USDC]	L +0.0274% / S −0.0156%	1h	0.2240	+0.059%	$840K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2238	−0.027%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0363%	1h	0.2240	+0.091%	$495K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0624%	1h	0.2243	+0.192%	$1.1M	$2.7M	20x	as long as short