Funding you earn now, next payment 07:00 UTC+0.0291%/8h= +31.8% APRpaid last 24h −0.032%
Price spread now: Bybit against Polymarket Perps+0.107%7-day average +0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$500.504% of the position
Funding, last 6 days (all we have)−0.124%−$12 on $10k
+Price spread, last 6 days (all we have)−0.097%−$10 · spread now +0.107%, 7d avg +0.074%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Bybit is 0.034% dearer against Polymarket Perps than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.074%. Mind the row above: over the last 6 days funding on this pair cost −0.124%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid -0.124% in total (about -8.0% a year). A funding rate is set anew for every payment. 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 | Polymarket Perps CBRS-USD | 205.54 | 0.0050 | pay 0.0006% / 1h | 29m 25s | $50K | $1.1M | 10x |
| Short | Bybit CBRSUSDT | 205.76 | 0.0341 | get 0.0341% / 8h | 1h 29m | $2.1M | $2.0M | 25x |
Polymarket Perps CBRS-USD
Bybit CBRSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $61.01
- Price spread: +0.107% → +0.074%
- $3.35
- Slippage, 4 orders
- −$31.37
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $14
- Costs to cover
- 0.504%
- Break-even
- 5.4 days
Slippage from Polymarket Perps: live order book, 4 min ago; Bybit: live order book, 7 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, 4 min ago | 3.16 bp | 8.1 bp −$8 | 8.3 bp −$83 | 11.7 bp −$1,171 | doesn't fit |
| Sell Bybit live order book, 7 min ago | 2.43 bp | 20.5 bp −$21 | 121.9 bp −$1,219 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX CBRSUSDC | −0.0930% | 4h | 205.71 | +0.083% | $23K | $221K | 10x | as long as short |
| Bitget CBRSUSDT | −0.0648% | 8h | 205.91 | +0.180% | $2.4M | $2.5M | 20x | as long as short |
| tradeXYZ xyz:CBRS | −0.0204% | 1h | 205.51 | −0.015% | $42.1M | $4.0M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 205.82 | +0.134% | $65K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 205.88 | +0.165% | $2.2M | $3.4M | 25x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 206.03 | +0.238% | $1K | $2.8M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 205.85 | +0.151% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0020% | 1h | 205.43 | −0.054% | — | $106K | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 205.57 | +0.015% | $91K | $893K | 10x | as long as short |
| Phoenix CBRS | +0.0039% | 1h | 205.44 | −0.049% | $1K | $108K | 10x | as long as short |
edgeX CBRSUSDC
Bitget CBRSUSDT
tradeXYZ xyz:CBRS
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
SunX CBRS-USDT
HTX CBRS-USDT
Vest CBRS-USD-PERP
Lighter CBRS
Phoenix CBRSShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps CBRS-USDlong | +0.0050% | 1h | 205.54 | long leg | $50K | $1.1M | 10x | |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 205.75 | +0.102% | $335K | $717K | 10x | as long as short |
| Variational Omni CBRS | +0.0067% | 8h | 205.72 | +0.087% | $400K | $102K | — | as long as short |
| QFEX CBRS-USD | +0.0080% | 1h | 205.74 | +0.097% | $1.1M | $3.0M | 10x | as long as short |
| BloFin CBRS-USDT | +0.0098% | 8h | 205.79 | +0.122% | $147K | $71K | 20x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 205.62 | +0.039% | $113K | $109K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 205.59 | +0.024% | $24K | $139K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 205.63 | +0.044% | $813 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 205.67 | +0.063% | $239 | — | 10x | as long as short |
| Extended CBRS_24_5-USD | +0.0128% | 1h | 205.70 | +0.079% | $46K | $391K | 10x | as long as short |
| Binance CBRSUSDT | +0.0136% | 8h | 205.86 | +0.155% | $10.1M | $30.5M | 25x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0194% | 8h | 205.76 | +0.108% | $706 | $217K | 10x | as long as short |
| Bybit CBRSUSDTshort | +0.0341% | 8h | 205.76 | +0.107% | $2.1M | $2.0M | 25x | |
| Gate CBRS_USDT | +0.0376% | 8h | 205.90 | +0.175% | $2.9M | $3.0M | 50x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0600% | 1h | 210.27 | +2.301% | $115K | $116K | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.1649% | 1h | 205.76 | +0.107% | $12K | $5K | 10x | as long as short |
Ondo Perps CBRS-USD.P
Variational Omni CBRS
QFEX CBRS-USD
BloFin CBRS-USDT
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Extended CBRS_24_5-USD
Binance CBRSUSDT
GRVT CBRS_USDT_Perp
Gate CBRS_USDT
Coinbase International CBRS-PERP-INTX
Deribit CBRS_USDC-PERPETUAL