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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−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: Polymarket Perps against Jupiter Perps−0.029%7-day average −0.008% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Jupiter PerpsShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.004%$0 on $10k
Price spread, last 3 days (all we have)−0.009%−$1 · spread now −0.029%, 7d avg −0.008%
Together, before fees−0.013%−$1 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 0.021% cheaper against Jupiter Perps than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.008%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongJupiter Perps WBTC-PERP86,613.5L +0.0104% / S +0.0048%pay 0.0013% / 1h49m 14s—$98.1M500x
ShortPolymarket Perps BTC-USD86,5880.0100get 0.0013% / 1h49m 14s$11.0M$13.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

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

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$0.84
Price spread: −0.029% → −0.008%
−$2.11
Slippage, 4 orders
no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$22.95
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Jupiter Perps: no order-book sample; Polymarket Perps: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Jupiter Perps no order-book sample—————
Sell Polymarket Perps live order book, 5 min ago0.06 bp4.2 bp −$45.8 bp −$588.8 bp −$884doesn't fit
Jupiter 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.

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%43m86,625+0.013%$426K$25.1M6.7xas long as short
Aftermath Perps BTCUSD−0.0200%1h86,707.1+0.108%$85K$188K20xas long as short
Phoenix BTC−0.0103%1h86,701+0.101%$2.2M$12.4M40xas long as short
dYdX BTC-USD−0.0090%1h86,651.2+0.044%$18.0M$20.0M50xas long as short
Hotstuff BTC-PERP−0.0080%1h86,590−0.027%$9K$3K50xas long as short
KuCoin XBTUSDTM−0.0002%8h86,577.8−0.041%$844.6M$709.2M125xas long as short
01 Exchange BTCUSD0.0000%1h86,606.1−0.009%$361K$2.5M50xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,629.6+0.019%$921.2M$1.39B50xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0005%1h86,614.5+0.001%$36.6M—200xas long as short
Aster BTCUSDT+0.0013%8h86,577.6−0.041%$505.5M$1.16B200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDT+0.0020%8h86,591.8−0.025%—$1.60B—as long as short
Reya BTCRUSDPERP+0.0021%1h86,587.6−0.030%$6.7M$144.0M40xas long as short
Phemex BTCUSDT+0.0024%8h86,586.9−0.031%$149.5M$469.6M150xas long as short
Bitget BTCUSDT+0.0026%8h86,587.7−0.030%$2.94B$5.08B150xas long as short
MEXC BTC_USDT+0.0047%8h86,587.4−0.030%$5.19B$5.63B500xas long as short
Binance BTCUSDT+0.0048%8h86,591.9−0.025%$9.44B$24.35B150xas long as short
Aevo BTC-PERP+0.0048%1h86,594.3−0.022%$2.4M$1.3M20xas long as short
Injective BTC/USDC PERP+0.0049%1h86,732+0.137%$315K$26.8M52xas long as short
OKX BTC-USDT-SWAP+0.0060%8h86,599.3−0.016%$2.57B$12.72B100xas long as short
RISEx BTC/USDC+0.0063%1h86,600.2−0.015%$9.2M$42.2M25xas long as short
Gate BTC_USDT+0.0064%8h86,591−0.026%$5.85B$10.57B200xas long as short
Bybit BTCUSDT+0.0077%8h86,587.3−0.030%$5.27B$9.70B150xas long as short
Variational Omni BTC+0.0088%8h86,626.8+0.015%$159.8M$564.2M—as long as short
Lighter BTC+0.0096%1h86,604.6−0.010%$172.0M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h86,612.3−0.001%$24.0M$152.8M50xas long as short
GRVT BTC_USDT_Perp+0.0096%8h86,635.2+0.025%$217.5M$189.0M50xas long as short
Popdex BTCUSDT+0.0096%1h86,578−0.041%$8.5M$52.1M100xas long as short
Orderly PERP_BTC_USDC+0.0099%8h86,608.2−0.006%$2.4M$8.4M100xas long as short
SoDEX BTC-USD+0.0099%1h86,592−0.025%$60.4M$336.5M40xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,628+0.017%$4.8M$8.2M50xas long as short
Katana Perps BTC-USD+0.0100%8h86,579−0.040%$200K$6.8M50xas long as short
Nado BTC-PERP+0.0100%1h86,600−0.016%$21.8M$237.5M50xas long as short
Hyperliquid BTC+0.0100%1h86,650+0.042%$3.83B$5.10B40xas long as short
Pacifica BTC+0.0100%1h86,620.7+0.008%$40.9M$485.8M50xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,630+0.019%$3.9M$18.8M25xas long as short
Arcus BTC-USD+0.0100%1h86,667.5+0.062%$7.4M$95.6M40xas long as short
Bulk BTC-USD+0.0100%1h86,665+0.059%$572.2M$23.5M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,599.1−0.017%$38.2M$148.1M75xas long as short
edgeX BTCUSDC+0.0100%4h86,704.2+0.105%$280.1M$946.6M100xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,636.4+0.027%$141.8M$322.7M100xas long as short
StandX BTC-USD+0.0100%1h86,664+0.058%$30.8M$205.9M40xas long as short
Vest BTC-PERP+0.0100%1h86,656.9+0.050%—$11.6M50xas long as short
Polymarket Perps BTC-USDshort+0.0100%1h86,588−0.029%$11.0M$13.7M50x
Bullet BTC-USD+0.0100%1h86,587.2−0.030%$198K$3.4M20xas long as short
Bluefin BTC-PERP+0.0100%1h86,611−0.003%$140K$619K40xas long as short
Derive BTC-PERP+0.0100%1h86,596−0.020%$30.0M$61.5M15xas long as short
SunX BTC-USDT+0.0100%8h86,576.6−0.043%$3.4M$5.6M100xas long as short
HTX BTC-USDT+0.0100%8h86,578.8−0.040%$2.30B$956.7M200xas long as short
Extended BTC-USD+0.0104%1h86,580.8−0.038%$46.6M$229.3M50xas long as short
Jupiter Perps WBTC-PERPlongL +0.0104% / S +0.0048%1h86,613.5long leg—$98.1M500x
Kalshi KXBTCPERP+0.0106%8h86,635+0.025%$8.8M$724.4M6.4xas long as short
Kraken Futures PF_XBTUSD+0.0117%1h86,632.7+0.022%$192.1M$926.7M100xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,642.1+0.033%$131.9M$5.91B50xas long as short
BloFin BTC-USDT+0.0168%8h86,592.1−0.025%$418.0M$642.6M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0181% / S −0.0198%1h86,609.5−0.005%$15.4M—200xas long as short
Hibachi BTC/USDT-P+0.0208%1h86,672.4+0.068%$598K$7.2M30xas long as short