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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 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Polymarket Perps against Pacifica+0.028%7-day average −0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$170.172% of the position
Long on PacificaShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days+0.014%+$1 on $10k
Price spread, last 7 days−0.034%−$3 · spread now +0.028%, 7d avg −0.033%
Together, before fees−0.020%+ Points / potential airdropPacifica: Active · farm board−$2 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 0.060% dearer against Pacifica than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.033%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica BTC86,7820.0100pay 0.0013% / 1h54m 53s$41.6M$484.5M50x
ShortPolymarket Perps BTC-USD86,8060.0100get 0.0013% / 1h54m 53s$11.1M$13.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Pacifica. 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
Price spread: +0.028% → −0.033%
$6.03
Slippage, 4 orders
−$1.17
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$11.14
Costs to cover
0.172%
Break-even
never at this rate
Slippage from Pacifica: live order book, 4 min ago; Polymarket Perps: live order book, 4 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 Pacifica live order book, 4 min ago0.06 bp4.1 bp −$44.2 bp −$42doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 4 min ago0.46 bp4.6 bp −$55.4 bp −$547.9 bp −$794doesn'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%43m86,759.6−0.026%$420K$25.5M6.7xas long as short
Aftermath Perps BTCUSD−0.0185%1h86,860.1+0.090%$85K$188K20xas long as short
Phoenix BTC−0.0123%1h86,795+0.015%$2.2M$12.4M40xas long as short
dYdX BTC-USD−0.0093%1h86,756.9−0.029%$18.1M$19.9M50xas long as short
Hotstuff BTC-PERP−0.0080%1h86,790+0.009%$9K$3K50xas long as short
KuCoin XBTUSDTM−0.0001%8h86,749.4−0.038%$844.3M$704.8M125xas long as short
01 Exchange BTCUSD0.0000%1h86,806+0.028%$363K$2.5M50xas long as short
Kalshi KXBTCPERP0.0000%8h86,799+0.020%$8.9M$724.7M6.4xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,840.4+0.067%$922.7M$1.38B50xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0005%1h86,822+0.046%$36.7M—200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin BTC-PERP+0.0008%1h86,7820.000%$160K$575K40xas long as short
Aster BTCUSDT+0.0016%8h86,752.9−0.034%$506.5M$1.16B200xas long as short
Phemex BTCUSDT+0.0016%8h86,792.7+0.012%$149.5M$468.6M150xas long as short
BingX BTC-USDC+0.0019%8h86,706−0.088%—$15.3M—as long as short
Reya BTCRUSDPERP+0.0021%1h86,803.3+0.025%$6.8M$143.8M40xas long as short
Bitget BTCUSDT+0.0025%8h86,711.4−0.081%$2.96B$5.08B150xas long as short
MEXC BTC_USDT+0.0046%8h86,731.2−0.059%$5.20B$5.61B500xas long as short
Binance BTCUSDT+0.0046%8h86,741.4−0.047%$9.46B$24.34B150xas long as short
Aevo BTC-PERP+0.0048%1h86,794.6+0.015%$2.4M$1.3M20xas long as short
Injective BTC/USDC PERP+0.0049%1h86,984+0.233%$316K$26.8M52xas long as short
OKX BTC-USDT-SWAP+0.0055%8h86,729.5−0.061%$2.58B$12.72B100xas long as short
RISEx BTC/USDC+0.0063%1h86,777.5−0.005%$9.3M$42.0M25xas long as short
Gate BTC_USDT+0.0063%8h86,720.9−0.070%$5.86B$10.53B200xas long as short
Bybit BTCUSDT+0.0078%8h86,718.6−0.073%$5.29B$9.68B150xas long as short
Popdex BTCUSDT+0.0088%1h86,780−0.002%$8.5M$52.2M100xas long as short
Variational Omni BTC+0.0088%8h86,792.9+0.013%$161.2M$563.4M—as long as short
SoDEX BTC-USD+0.0089%1h86,800+0.021%$60.6M$336.5M40xas long as short
GRVT BTC_USDT_Perp+0.0094%8h86,810.6+0.033%$218.0M$191.1M50xas long as short
Lighter BTC+0.0096%1h86,809.3+0.031%$172.7M$1.00B50xas long as short
Lighter RH BTC+0.0096%1h86,818.3+0.042%$24.2M$152.4M50xas long as short
Orderly PERP_BTC_USDC+0.0097%8h86,814.9+0.038%$2.5M$8.4M100xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,789.7+0.009%$4.8M$8.2M50xas long as short
Katana Perps BTC-USD+0.0100%8h86,766−0.018%$201K$6.8M50xas long as short
Nado BTC-PERP+0.0100%1h86,735.2−0.054%$22.0M$237.8M50xas long as short
Hyperliquid BTC+0.0100%1h86,800+0.021%$3.86B$5.08B40xas long as short
Pacifica BTClong+0.0100%1h86,782long leg$41.6M$484.5M50x
Ondo Perps BTC-USD.P+0.0100%1h86,745−0.043%$3.9M$18.8M25xas long as short
Arcus BTC-USD+0.0100%1h86,829.9+0.055%$7.6M$95.4M40xas long as short
Bulk BTC-USD+0.0100%1h86,919.5+0.158%$573.8M$23.8M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,807.6+0.029%$38.4M$147.9M75xas long as short
edgeX BTCUSDC+0.0100%4h86,804.8+0.026%$280.4M$944.7M100xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,805.9+0.028%$142.0M$322.7M100xas long as short
StandX BTC-USD+0.0100%1h86,839+0.066%$30.9M$205.4M40xas long as short
Vest BTC-PERP+0.0100%1h86,845.6+0.073%—$11.6M50xas long as short
Polymarket Perps BTC-USDshort+0.0100%1h86,806+0.028%$11.1M$13.7M50x
Bullet BTC-USD+0.0100%1h86,800.1+0.021%$202K$3.4M20xas long as short
Derive BTC-PERP+0.0100%1h86,802.3+0.023%$30.1M$61.5M15xas long as short
SunX BTC-USDT+0.0100%8h86,802.8+0.024%$3.4M$5.6M100xas long as short
HTX BTC-USDT+0.0100%8h86,793.2+0.013%$2.31B$954.3M200xas long as short
Extended BTC-USD+0.0104%1h86,716.1−0.076%$46.2M$228.5M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,766.6−0.018%—$97.8M500xas long as short
Kraken Futures PF_XBTUSD+0.0116%1h86,839.4+0.066%$193.2M$926.1M100xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,847+0.075%$132.3M$5.94B50xas long as short
BloFin BTC-USDT+0.0166%8h86,801+0.022%$420.1M$642.2M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0181% / S −0.0200%1h86,817.3+0.041%$15.5M—200xas long as short
Hibachi BTC/USDT-P+0.0200%1h86,798.4+0.019%$752K$7.0M30xas long as short