Funding you earn now, next payment 05:00 UTC−0.0414%/8h= −45.3% APRnext payment −$0.52 per $10,000 · paid last 24h −0.020%
Price spread now: Polymarket Perps against Coinbase International−1.560%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$198as in the Price arb table
costs, in and out, $10k−$410.412% of the position
Funding, last 6 days (all we have)−0.033%−$3 on $10k
+Price spread, last 4 days (all we have)+1.565%+$156 · spread now −1.560%, 7d avg +0.006%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Polymarket Perps is 1.566% cheaper against Coinbase International than usual: you would sell low and buy high (−$157 if the spread goes back to its 7-day average of +0.006%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid -0.033% in total (about -2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.52 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International CBRS-PERP-INTX | 210.27 | 0.0464 | pay 0.0058% / 1h | 47m 36s | $115K | $116K | 10x |
| Short | Polymarket Perps CBRS-USD | 206.99 | 0.0050 | get 0.0006% / 1h | 47m 36s | $51K | $1.1M | 10x |
Coinbase International CBRS-PERP-INTX
Polymarket Perps CBRS-USDFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$86.94
- Price spread: −1.560% → +0.006%
- −$156.59
- Slippage, 4 orders
- −$23.24
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$284.76
- Costs to cover
- 0.412%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, just now; Polymarket Perps: 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 Coinbase International live order book, just now | 6.76 bp | 12.8 bp −$13 | 23.7 bp −$237 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 5 min ago | 1.69 bp | 5.7 bp −$6 | 5.9 bp −$59 | 12.2 bp −$1,216 | doesn't fit |
CBRS 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 CBRSUSDT | −0.0304% | 8h | 207.17 | −1.474% | $2.4M | $2.4M | 20x | as long as short |
| tradeXYZ xyz:CBRS | −0.0174% | 1h | 206.93 | −1.588% | $42.3M | $3.9M | 10x | as long as short |
| edgeX CBRSUSDC | −0.0166% | 4h | 207.21 | −1.453% | $23K | $221K | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 207.06 | −1.526% | $65K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 207.24 | −1.441% | $2.2M | $3.5M | 25x | as long as short |
| Phoenix CBRS | 0.0000% | 1h | 207.07 | −1.522% | $1K | $108K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 207.55 | −1.294% | $969 | $2.9M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 207.33 | −1.398% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0015% | 1h | 206.59 | −1.750% | — | $104K | 10x | as long as short |
| QFEX CBRS-USD | +0.0024% | 1h | 207.12 | −1.498% | $1.1M | $3.1M | 10x | as long as short |
Bitget CBRSUSDT
tradeXYZ xyz:CBRS
edgeX CBRSUSDC
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Phoenix CBRS
SunX CBRS-USDT
HTX CBRS-USDT
Vest CBRS-USD-PERP
QFEX CBRS-USDShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps CBRS-USDshort | +0.0050% | 1h | 206.99 | −1.560% | $51K | $1.1M | 10x | |
| Variational Omni CBRS | +0.0082% | 8h | 207.33 | −1.396% | $403K | $91K | — | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 207.08 | −1.517% | $116K | $112K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 207.25 | −1.436% | $24K | $140K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 207.23 | −1.446% | $820 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 207.22 | −1.452% | $240 | — | 10x | as long as short |
| Extended CBRS_24_5-USD | +0.0144% | 1h | 207.11 | −1.501% | $44K | $390K | 10x | as long as short |
| Binance CBRSUSDT | +0.0146% | 8h | 207.16 | −1.479% | $10.1M | $30.1M | 25x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0149% | 8h | 207.36 | −1.382% | $1K | $213K | 10x | as long as short |
| BloFin CBRS-USDT | +0.0162% | 8h | 207.21 | −1.455% | $147K | $70K | 20x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0246% | 1h | 207.13 | −1.493% | $337K | $718K | 10x | as long as short |
| Lighter CBRS | +0.0272% | 1h | 207.13 | −1.493% | $90K | $866K | 10x | as long as short |
| Bybit CBRSUSDT | +0.0315% | 8h | 207.19 | −1.465% | $2.1M | $2.0M | 25x | as long as short |
| Gate CBRS_USDT | +0.0360% | 8h | 207.30 | −1.412% | $2.9M | $3.0M | 50x | as long as short |
| Coinbase International CBRS-PERP-INTXlong | +0.0464% | 1h | 210.27 | long leg | $115K | $116K | 10x | |
| Deribit CBRS_USDC-PERPETUAL | +0.0619% | 1h | 207.23 | −1.446% | $12K | $5K | 10x | as long as short |
Variational Omni CBRS
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Extended CBRS_24_5-USD
Binance CBRSUSDT
GRVT CBRS_USDT_Perp
BloFin CBRS-USDT
Ondo Perps CBRS-USD.P
Lighter CBRS
Bybit CBRSUSDT
Gate CBRS_USDT
Deribit CBRS_USDC-PERPETUAL