Funding you earn now, next payment 10:00 UTC+0.0058%/8h= +6.3% APRpaid last 24h +0.017%
Price spread now: BloFin against Polymarket Perps+0.182%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$380.384% of the position
Funding, last 7 days+0.140%+$14 on $10k
+Price spread, last 4 days (all we have)−0.419%−$42 · spread now +0.182%, 7d avg +0.015%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.167% dearer against Polymarket Perps than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.015%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps COIN-USD | 197.55 | 0.0050 | pay 0.0006% / 1h | 56m 47s | $138K | $1.4M | 10x |
| Short | BloFin COIN-USDT | 197.91 | 0.0108 | get 0.0108% / 8h | 6h 56m | $190K | $489K | 20x |
Polymarket Perps COIN-USD
BloFin COIN-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
- $12.14
- Price spread: +0.182% → +0.015%
- $16.73
- Slippage, 4 orders
- −$18.43
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$9.56
- Costs to cover
- 0.384%
- Break-even
- 12.5 days
Slippage from Polymarket Perps: live order book, 2 min ago; BloFin: live order book, 14 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, 2 min ago | 2.78 bp | 8.6 bp −$9 | 12.0 bp −$120 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 14 min ago | 1.76 bp | 10.2 bp −$10 | 15.3 bp −$153 | 36.9 bp −$3,690 | doesn't fit |
COIN 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.14 | −0.208% | $17K | $224K | 30x | as long as short |
| Ondo Perps COIN-USD.P | −0.0142% | 1h | 197.47 | −0.040% | $381K | $2.3M | 10x | as long as short |
| Vest COIN-USD-PERP | −0.0020% | 1h | 197.50 | −0.025% | — | $322K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.89 | +0.171% | $345K | $879K | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.81 | +0.132% | $4.7M | $5.8M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 198.12 | +0.289% | $3.1M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 197.90 | +0.177% | $1.2M | $6.5M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 197.88 | +0.167% | $6.5M | $10.0M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.99 | +0.222% | $672K | $831K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 198.26 | +0.359% | $14K | $3.0M | 10x | as long as short |
Injective COIN/USDC PERP
Ondo Perps COIN-USD.P
Vest COIN-USD-PERP
Aster COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended COIN_24_5-USD | +0.0024% | 1h | 197.84 | +0.148% | $105K | $848K | 10x | as long as short |
| Binance COINUSDT | +0.0027% | 8h | 197.87 | +0.162% | $14.6M | $79.4M | 20x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.70 | +0.075% | $357K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.71 | +0.081% | $471K | $1.2M | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0034% | 1h | 197.67 | +0.061% | $14.9M | $12.3M | 10x | as long as short |
| QFEX COIN-USD | +0.0036% | 1h | 197.60 | +0.025% | $1.3M | $2.7M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.75 | +0.101% | $17K | $37K | 5x | as long as short |
| Polymarket Perps COIN-USDlong | +0.0050% | 1h | 197.55 | long leg | $138K | $1.4M | 10x | |
| SoDEX COIN-USD | +0.0050% | 1h | 197.70 | +0.076% | $75 | $3K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.84 | +0.147% | $933K | $228K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 198.00 | +0.228% | $89K | $280K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.82 | +0.137% | $572 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.70 | +0.076% | $117 | — | 10x | as long as short |
| BloFin COIN-USDTshort | +0.0108% | 8h | 197.91 | +0.182% | $190K | $489K | 20x | |
| Phoenix COIN | +0.0164% | 1h | 198.21 | +0.334% | $5K | $253K | 10x | as long as short |
| edgeX COINUSDC | +0.0632% | 4h | 198.03 | +0.241% | $51K | $293K | 10x | as long as short |
Extended COIN_24_5-USD
Binance COINUSDT
Lighter COIN
Lighter RH COIN
tradeXYZ xyz:COIN
QFEX COIN-USD
Arcus COIN-USD
SoDEX COIN-USD
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Phoenix COIN
edgeX COINUSDC