Funding you earn now, next payment 07:00 UTC+0.0554%/8h= +60.6% APRpaid last 24h +0.204%
Price spread now: BloFin against Polymarket Perps+0.324%45s7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1671.668% of the position
Funding, last 7 days+0.858%+$86 on $10k
+Price spread, last 4 days (all we have)−0.585%−$58 · spread now +0.324%, 7d avg +0.005%
=Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and BloFin is 0.319% dearer against Polymarket Perps than usual: you sell high and buy low: +$32 more if the spread goes back to its 7-day average of +0.005%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps USELESS-USD | 0.2748 | 0.0100 | pay 0.0013% / 1h | 56m 19s | $26K | $256K | 3x |
| Short | BloFin USELESS-USDT | 0.2757 | 0.0654 | get 0.0327% / 4h | 1h 56m | $1.2M | $2.1M | 12x |
Polymarket Perps USELESS-USD
BloFin USELESS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $116.3
- Price spread: +0.324% → +0.005%
- $31.89
- Slippage, 4 orders
- −$146.8
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$18.61
- Costs to cover
- 1.668%
- Break-even
- 8.1 days
Slippage from Polymarket Perps: live order book, 51 min ago; BloFin: live order book, 2 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, 51 min ago | 0.37 bp | 55.6 bp −$56 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 2 min ago | 1.63 bp | 17.7 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
USELESS on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter USELESS | +0.0096% | 1h | 0.2751 | +0.091% | $1.3M | $1.2M | 3x | as long as short |
| Aster USELESSUSDT | +0.0100% | 4h | 0.2748 | −0.022% | $538K | $2.1M | 10x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2752 | +0.140% | $29K | $19K | 3x | as long as short |
| KuCoin USELESSUSDTM | +0.0100% | 4h | 0.2743 | −0.193% | $5.0M | $10.6M | 12x | as long as short |
| Bitget USELESSUSDT | +0.0100% | 4h | 0.2745 | −0.120% | $5.3M | $10.4M | 20x | as long as short |
| Polymarket Perps USELESS-USDlong | +0.0100% | 1h | 0.2748 | long leg | $26K | $256K | 3x | |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2753 | +0.167% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2746 | −0.091% | $19K | $517K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2745 | −0.135% | $639K | $1.2M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0136% | 1h | 0.2749 | +0.025% | $10K | — | 3x | as long as short |
Lighter USELESS
Aster USELESSUSDT
Pacifica USELESS
KuCoin USELESSUSDTM
Bitget USELESSUSDT
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX USELESS-USDT-SWAP | +0.0152% | 4h | 0.2751 | +0.080% | $9.5M | $67.9M | 10x | as long as short |
| Hyperliquid USELESS | +0.0197% | 1h | 0.2750 | +0.044% | $11.9M | $23.3M | 3x | as long as short |
| edgeX USELESSUSDC | +0.0221% | 4h | 0.2762 | +0.481% | $21K | $195K | 10x | as long as short |
| Binance USELESSUSDT | +0.0230% | 4h | 0.2749 | +0.037% | $22.8M | $123.1M | 50x | as long as short |
| MEXC USELESS_USDT | +0.0230% | 4h | 0.2747 | −0.033% | $11.2M | $6.0M | 50x | as long as short |
| Extended USELESS-USD | +0.0232% | 1h | 0.2749 | +0.009% | $136K | $1.2M | 5x | as long as short |
| Gate USELESS_USDT | +0.0290% | 4h | 0.2743 | −0.211% | $6.9M | $8.6M | 50x | as long as short |
| BingX USELESS-USDT | +0.0384% | 4h | 0.2752 | +0.116% | — | $5.3M | — | as long as short |
| Bybit USELESSUSDT | +0.0391% | 4h | 0.2749 | +0.011% | $25.8M | $48.7M | 13x | as long as short |
| Variational Omni USELESS | +0.0486% | 4h | 0.2761 | +0.462% | $1.0M | $1.8M | — | as long as short |
| ApeX Omni USELESSUSDT | +0.0494% | 1h | 0.2761 | +0.458% | $49K | $701K | 25x | as long as short |
| BloFin USELESS-USDTshort | +0.0654% | 4h | 0.2757 | +0.324% | $1.2M | $2.1M | 12x | |
| Orderly PERP_USELESS_USDC | +0.1070% | 4h | 0.2749 | +0.025% | $21K | $1.3M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2924 | +6.407% | $5K | $11K | 5.5x | as long as short |
OKX USELESS-USDT-SWAP
Hyperliquid USELESS
edgeX USELESSUSDC
Binance USELESSUSDT
MEXC USELESS_USDT
Extended USELESS-USD
Gate USELESS_USDT
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
ApeX Omni USELESSUSDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP