Funding you earn now, next payment 20:36 UTC+0.0435%/8h= +47.6% APRpaid last 24h +0.038%
Price spread now: Polymarket Perps against Perpl0.000%7-day average −0.029% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.279%−$28 on $10k
+Price spread, last 7 days−0.085%−$9 · spread now 0.000%, 7d avg −0.029%
=Together, before fees−0.365%+ Points / potential airdropPerpl: Active · farm board−$36 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Polymarket Perps is 0.029% dearer against Perpl than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.029%. Mind the row above: over the last 7 days funding on this pair cost −0.279%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.279% in total (about -14.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Perpl BTC | 86,644.7 | −0.0335 | get 0.0030% / 43m | 35m 26s | $426K | $25.1M | 6.7x |
| Short | Polymarket Perps BTC-USD | 86,645 | 0.0100 | get 0.0013% / 1h | 48m 26s | $11.0M | $13.7M | 50x |
Perpl BTC
Polymarket Perps BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Perpl. 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
- $91.33
- Price spread: 0.000% → −0.029%
- $2.92
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $72.45
- Costs to cover
- 0.218%
- Break-even
- 1.4 days
Slippage unknown: Perpl: no order-book sample; Polymarket Perps: live order book, 6 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 Perpl no order-book sample | — | — | — | — | — |
| Sell Polymarket Perps live order book, 6 min ago | 0.06 bp | 4.2 bp −$4 | 5.8 bp −$58 | 8.8 bp −$884 | doesn't fit |
Perpl: 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl BTClong | −0.0335% | 43m | 86,644.7 | long leg | $426K | $25.1M | 6.7x | |
| Aftermath Perps BTCUSD | −0.0203% | 1h | 86,688.4 | +0.050% | $85K | $188K | 20x | as long as short |
| Phoenix BTC | −0.0103% | 1h | 86,701 | +0.065% | $2.2M | $12.4M | 40x | as long as short |
| dYdX BTC-USD | −0.0094% | 1h | 86,651.2 | +0.007% | $18.0M | $20.0M | 50x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,576 | −0.079% | $9K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0002% | 8h | 86,630.1 | −0.017% | $844.9M | $709.4M | 125x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 86,651.1 | +0.007% | $361K | $2.5M | 50x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,629.6 | −0.017% | $921.2M | $1.39B | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0005% | 1h | 86,661.7 | +0.020% | $36.7M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0012% | 8h | 86,622 | −0.026% | $505.8M | $1.16B | 200x | as long as short |
Aftermath Perps BTCUSD
Phoenix BTC
dYdX BTC-USD
Hotstuff BTC-PERP
KuCoin XBTUSDTM
01 Exchange BTCUSD
Deribit BTC-PERPETUAL
gTrade (Gains Network) BTC/USD
Aster BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0020% | 8h | 86,635.2 | −0.011% | — | $1.59B | — | as long as short |
| Reya BTCRUSDPERP | +0.0021% | 1h | 86,635 | −0.011% | $6.8M | $144.0M | 40x | as long as short |
| Phemex BTCUSDT | +0.0024% | 8h | 86,586.9 | −0.067% | $149.5M | $469.6M | 150x | as long as short |
| Bitget BTCUSDT | +0.0027% | 8h | 86,627.8 | −0.020% | $2.95B | $5.07B | 150x | as long as short |
| MEXC BTC_USDT | +0.0047% | 8h | 86,633.8 | −0.013% | $5.19B | $5.64B | 500x | as long as short |
| Aevo BTC-PERP | +0.0048% | 1h | 86,635.8 | −0.010% | $2.4M | $1.3M | 20x | as long as short |
| Binance BTCUSDT | +0.0048% | 8h | 86,633.8 | −0.013% | $9.44B | $24.34B | 150x | as long as short |
| Injective BTC/USDC PERP | +0.0049% | 1h | 86,732 | +0.101% | $315K | $26.8M | 52x | as long as short |
| OKX BTC-USDT-SWAP | +0.0061% | 8h | 86,646 | +0.002% | $2.57B | $12.70B | 100x | as long as short |
| RISEx BTC/USDC | +0.0063% | 1h | 86,642.7 | −0.002% | $9.2M | $42.1M | 25x | as long as short |
| Gate BTC_USDT | +0.0066% | 8h | 86,641 | −0.004% | $5.86B | $10.58B | 200x | as long as short |
| Bybit BTCUSDT | +0.0079% | 8h | 86,639.4 | −0.006% | $5.28B | $9.70B | 150x | as long as short |
| Variational Omni BTC | +0.0088% | 8h | 86,626.8 | −0.021% | $159.8M | $564.2M | — | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,634.2 | −0.012% | $171.9M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,642 | −0.003% | $24.0M | $152.8M | 50x | as long as short |
| GRVT BTC_USDT_Perp | +0.0096% | 8h | 86,635.2 | −0.011% | $217.5M | $189.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,624 | −0.024% | $8.5M | $52.1M | 100x | as long as short |
| Orderly PERP_BTC_USDC | +0.0099% | 8h | 86,655.1 | +0.012% | $2.5M | $8.5M | 100x | as long as short |
| SoDEX BTC-USD | +0.0099% | 1h | 86,592 | −0.061% | $60.4M | $336.5M | 40x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,682.9 | +0.044% | $4.8M | $8.2M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,621 | −0.027% | $200K | $6.8M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,601.1 | −0.050% | $21.8M | $237.1M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,700 | +0.064% | $3.83B | $5.10B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,657.2 | +0.014% | $41.0M | $485.8M | 50x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,636 | −0.010% | $3.9M | $18.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,706.9 | +0.072% | $7.4M | $95.7M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,665 | +0.023% | $572.2M | $23.5M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,592.9 | −0.060% | $38.2M | $148.1M | 75x | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,704.2 | +0.069% | $280.1M | $946.6M | 100x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,636.4 | −0.010% | $141.8M | $322.7M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,575.6 | −0.080% | $30.8M | $206.0M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,686.9 | +0.049% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USDshort | +0.0100% | 1h | 86,645 | 0.000% | $11.0M | $13.7M | 50x | |
| Bullet BTC-USD | +0.0100% | 1h | 86,634.8 | −0.011% | $198K | $3.4M | 20x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,663.2 | +0.021% | $141K | $619K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,642.6 | −0.002% | $30.0M | $61.5M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,576.6 | −0.079% | $3.4M | $5.6M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,578.8 | −0.076% | $2.30B | $956.7M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,627.2 | −0.020% | $46.5M | $229.2M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,652.1 | +0.009% | — | $98.4M | 500x | as long as short |
| Kalshi KXBTCPERP | +0.0106% | 8h | 86,635 | −0.011% | $8.8M | $724.4M | 6.4x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0117% | 1h | 86,632.7 | −0.014% | $192.1M | $926.7M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,642.1 | −0.003% | $131.9M | $5.91B | 50x | as long as short |
| BloFin BTC-USDT | +0.0168% | 8h | 86,592.1 | −0.061% | $418.0M | $642.6M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0181% / S −0.0198% | 1h | 86,654.6 | +0.011% | $15.4M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0208% | 1h | 86,618.9 | −0.030% | $601K | $7.2M | 30x | as long as short |
BingX BTC-USDT
Reya BTCRUSDPERP
Phemex BTCUSDT
Bitget BTCUSDT
MEXC BTC_USDT
Aevo BTC-PERP
Binance BTCUSDT
Injective BTC/USDC PERP
OKX BTC-USDT-SWAP
RISEx BTC/USDC
Gate BTC_USDT
Bybit BTCUSDT
Variational Omni BTC
Lighter BTC
Lighter RH BTC
GRVT BTC_USDT_Perp
Popdex BTCUSDT
Orderly PERP_BTC_USDC
SoDEX BTC-USD
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Backpack BTC_USDC_PERP
edgeX BTCUSDC
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Bullet BTC-USD
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kalshi KXBTCPERP
Kraken Futures PF_XBTUSD
Coinbase International BTC-PERP-INTX
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P