Funding you earn now, next payment 10:00 UTC+0.0270%/8h= +29.6% APRnext payment +$0.34 per $10,000 · paid last 24h +0.046%
Price spread now: Coinbase International against Polymarket Perps+1.237%47s7-day average +0.103% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)+0.059%+$6 on $10k
+Price spread, last 4 days (all we have)−1.252%−$125 · spread now +1.237%, 7d avg +0.103%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Coinbase International is 1.134% dearer against Polymarket Perps than usual: you sell high and buy low: +$113 more if the spread goes back to its 7-day average of +0.103%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid 0.059% in total (about 3.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.34 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps CBRS-USD | 207.70 | 0.0050 | pay 0.0006% / 1h | 46m 33s | $51K | $464K | 10x |
| Short | Coinbase International CBRS-PERP-INTX | 210.27 | 0.0320 | get 0.0040% / 1h | 46m 33s | $115K | $107K | 10x |
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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $56.7
- Price spread: +1.237% → +0.103%
- $113.4
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $152.1
- Costs to cover
- 0.180%
- Break-even
- from the start
Slippage unknown: Polymarket Perps: no order-book sample; Coinbase International: live order book, 64 min ago. Net counts fees only.
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 no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 64 min ago | 9.72 bp | 16.5 bp −$17 | 22.3 bp −$223 | doesn't fit | doesn't fit |
Polymarket Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
CBRS on 26 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix CBRS | −0.0116% | 1h | 207.57 | −0.063% | $1K | $109K | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | −0.0038% | 1h | 207.91 | +0.101% | $12K | $5K | 10x | as long as short |
| QFEX CBRS-USD | −0.0009% | 1h | 208.23 | +0.255% | $1.1M | $3.0M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 208.03 | +0.160% | $66K | $149K | 20x | as long as short |
| Bybit CBRSUSDT | 0.0000% | 8h | 207.89 | +0.091% | $2.1M | $2.2M | 25x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 207.74 | +0.019% | $2.2M | $3.4M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 207.80 | +0.048% | $2.3M | $2.8M | 20x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 208.31 | +0.294% | $1K | $2.5M | 10x | as long as short |
| Variational Omni CBRS | +0.0010% | 8h | 207.74 | +0.018% | $398K | $101K | — | as long as short |
| HTX CBRS-USDT | +0.0016% | 8h | 208.26 | +0.270% | $9K | $10K | 20x | as long as short |
Show all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest CBRS-USD-PERP | +0.0019% | 1h | 208.38 | +0.327% | — | $105K | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 207.78 | +0.039% | $90K | $1.2M | 10x | as long as short |
| tradeXYZ xyz:CBRS | +0.0050% | 1h | 207.70 | 0.000% | $42.6M | $4.1M | 10x | as long as short |
| Polymarket Perps CBRS-USDlong | +0.0050% | 1h | 207.70 | long leg | $51K | $464K | 10x | |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 208.02 | +0.154% | $329K | $730K | 10x | as long as short |
| Extended CBRS_24_5-USD | +0.0080% | 1h | 207.71 | +0.006% | $44K | $386K | 10x | as long as short |
| Binance CBRSUSDT | +0.0082% | 8h | 207.76 | +0.029% | $10.2M | $32.9M | 25x | as long as short |
| BloFin CBRS-USDT | +0.0083% | 8h | 207.94 | +0.116% | $149K | $74K | 20x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 207.94 | +0.116% | $822 | $2K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 207.87 | +0.082% | $114K | $267K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 207.34 | −0.173% | $24K | $139K | 50x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 207.97 | +0.130% | $241 | — | 10x | as long as short |
| Coinbase International CBRS-PERP-INTXshort | +0.0320% | 1h | 210.27 | +1.237% | $115K | $107K | 10x | |
| Gate CBRS_USDT | +0.0327% | 8h | 207.90 | +0.096% | $2.9M | $3.3M | 50x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0591% | 8h | 208.11 | +0.199% | $681 | $228K | 10x | as long as short |
| edgeX CBRSUSDC | +0.0936% | 4h | 207.70 | −0.001% | $23K | $222K | 10x | as long as short |
Polymarket Perps CBRS-USD
Coinbase International CBRS-PERP-INTX
Phoenix CBRS
Deribit CBRS_USDC-PERPETUAL
Aster CBRSUSDT
Bybit CBRSUSDT
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
SunX CBRS-USDT
Variational Omni CBRS
HTX CBRS-USDT
Lighter CBRS
tradeXYZ xyz:CBRS
Extended CBRS_24_5-USD
Binance CBRSUSDT
BloFin CBRS-USDT
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Gate CBRS_USDT
GRVT CBRS_USDT_Perp
edgeX CBRSUSDC