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Funding arb · Price arb /

BTC

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 22:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h +0.024%
Price spread now: Polymarket Perps against GRVT+0.022%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$170.173% of the position
Long on GRVTShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days+0.062%+$6 on $10k
Price spread, last 7 days−0.015%−$2 · spread now +0.022%, 7d avg −0.015%
Together, before fees+0.047%+ Points / potential airdropGRVT: Active · farm board+$5 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.037% dearer against GRVT than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.015%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT BTC_USDT_Perp86,5900.0097pay 0.0097% / 8h2h 46m$217.4M$189.0M50x
ShortPolymarket Perps BTC-USD86,6090.0100get 0.0013% / 1h46m 58s$11.0M$13.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against GRVT. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0.63
Price spread: +0.022% → −0.015%
$3.7
Slippage, 4 orders
−$0.29
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$12.96
Costs to cover
0.173%
Break-even
151.0 days
Slippage from GRVT: live order book, 2 min ago; Polymarket Perps: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GRVT live order book, 2 min ago0.01 bp4.5 bp −$54.5 bp −$454.8 bp −$479278.9 bp −$139.4K
Sell Polymarket Perps live order book, 2 min ago0.06 bp4.2 bp −$44.9 bp −$497.2 bp −$723doesn't fit

BTC on 56 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl BTC−0.0335%43m86,624.5+0.040%$426K$25.1M6.7xas long as short
Aftermath Perps BTCUSD−0.0205%1h86,674+0.097%$85K$188K20xas long as short
Phoenix BTC−0.0103%1h86,579−0.013%$2.2M$12.4M40xas long as short
dYdX BTC-USD−0.0092%1h86,651.2+0.071%$18.0M$20.0M50xas long as short
Hotstuff BTC-PERP−0.0080%1h86,596+0.007%$9K$3K50xas long as short
KuCoin XBTUSDTM−0.0002%8h86,622.8+0.038%$845.0M$707.8M125xas long as short
01 Exchange BTCUSD0.0000%1h86,628.4+0.044%$361K$2.5M50xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,643.1+0.061%$938.7M$1.42B50xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0005%1h86,635.1+0.052%$36.6M—200xas long as short
Aster BTCUSDT+0.0012%8h86,593.7+0.004%$505.6M$1.16B200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDC+0.0020%8h86,614.2+0.028%—$15.3M—as long as short
Reya BTCRUSDPERP+0.0021%1h86,601+0.013%$6.7M$144.0M40xas long as short
Phemex BTCUSDT+0.0026%8h86,606.6+0.019%$149.6M$470.6M150xas long as short
Bitget BTCUSDT+0.0027%8h86,629+0.045%$2.95B$5.07B150xas long as short
MEXC BTC_USDT+0.0048%8h86,633.1+0.050%$5.19B$5.64B500xas long as short
Aevo BTC-PERP+0.0048%1h86,616.5+0.031%$2.4M$1.3M20xas long as short
Binance BTCUSDT+0.0048%8h86,613.3+0.027%$9.43B$24.30B150xas long as short
Injective BTC/USDC PERP+0.0049%1h86,732+0.164%$315K$26.8M52xas long as short
OKX BTC-USDT-SWAP+0.0061%8h86,643.4+0.062%$2.57B$12.70B100xas long as short
RISEx BTC/USDC+0.0063%1h86,620.7+0.035%$9.2M$42.1M25xas long as short
Gate BTC_USDT+0.0066%8h86,608.3+0.021%$5.86B$10.58B200xas long as short
Bybit BTCUSDT+0.0079%8h86,623.5+0.039%$5.28B$9.65B150xas long as short
Variational Omni BTC+0.0088%8h86,626.8+0.042%$159.8M$564.2M—as long as short
Lighter BTC+0.0096%1h86,621.4+0.036%$171.8M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h86,624.1+0.039%$24.0M$152.9M50xas long as short
Popdex BTCUSDT+0.0096%1h86,603+0.015%$8.5M$52.1M100xas long as short
GRVT BTC_USDT_Perplong+0.0097%8h86,590long leg$217.4M$189.0M50x
Orderly PERP_BTC_USDC+0.0099%8h86,623.7+0.039%$2.5M$8.5M100xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,648.1+0.067%$4.8M$8.2M50xas long as short
Katana Perps BTC-USD+0.0100%8h86,595+0.006%$200K$6.8M50xas long as short
Nado BTC-PERP+0.0100%1h86,599.5+0.011%$21.8M$236.2M50xas long as short
Hyperliquid BTC+0.0100%1h86,679+0.103%$3.83B$5.10B40xas long as short
Pacifica BTC+0.0100%1h86,638.6+0.056%$40.9M$485.8M50xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,609+0.022%$3.9M$18.8M25xas long as short
Arcus BTC-USD+0.0100%1h86,678.6+0.102%$7.4M$94.4M40xas long as short
Bulk BTC-USD+0.0100%1h86,665+0.087%$572.2M$23.5M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,610.2+0.023%$38.2M$148.1M75xas long as short
edgeX BTCUSDC+0.0100%4h86,590.7+0.001%$279.7M$948.0M100xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,636.4+0.054%$141.8M$322.7M100xas long as short
StandX BTC-USD+0.0100%1h86,613.9+0.028%$30.8M$205.7M40xas long as short
Vest BTC-PERP+0.0100%1h86,670.5+0.093%—$11.6M50xas long as short
Polymarket Perps BTC-USDshort+0.0100%1h86,609+0.022%$11.0M$13.7M50x
Bullet BTC-USD+0.0100%1h86,607.3+0.020%$198K$3.4M20xas long as short
Bluefin BTC-PERP+0.0100%1h86,629+0.045%$141K$619K40xas long as short
Derive BTC-PERP+0.0100%1h86,614.1+0.028%$30.0M$61.5M15xas long as short
SunX BTC-USDT+0.0100%8h86,600.3+0.012%$3.4M$5.6M100xas long as short
SoDEX BTC-USD+0.0100%1h86,602+0.014%$60.4M$336.5M40xas long as short
HTX BTC-USDT+0.0100%8h86,604.4+0.017%$2.30B$955.5M200xas long as short
Extended BTC-USD+0.0104%1h86,627.4+0.043%$46.6M$229.1M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,631.8+0.048%—$98.0M500xas long as short
Kalshi KXBTCPERP+0.0109%8h86,642+0.060%$8.8M$722.8M6.4xas long as short
Kraken Futures PF_XBTUSD+0.0117%1h86,641.1+0.059%$191.5M$927.4M100xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,654+0.074%$131.9M$5.88B50xas long as short
BloFin BTC-USDT+0.0168%8h86,618.6+0.033%$418.8M$642.0M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0181% / S −0.0198%1h86,622.7+0.038%$15.4M—200xas long as short
Hibachi BTC/USDT-P+0.0208%1h86,618.9+0.033%$601K$7.2M30xas long as short