BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0036%/8h= −3.9% APRnext payment −$0.04 per $10,000 · paid last 24h −0.009%

Price spread now: Aevo against Polymarket Perps−0.010%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$290.285% of the position

Long on Polymarket Perps Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 3 days (all we have)−0.022%−$2 · spread now −0.010%, 7d avg −0.019%

Together, before fees−0.083%−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.019%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps BTC-USD	86,354	0.0100	pay 0.0013% / 1h	12m 12s	$11.1M	$13.8M	50x
Short	Aevo BTC-PERP	86,345	0.0064	get 0.0008% / 1h	12m 12s	$2.4M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo 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 it

latest

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

Profit calculator

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee AevobpOrdersPrice spread, now −0.010%Rate

Funding earned: −$7.56
Price spread: −0.010% → −0.019%: $0.83
Slippage, 4 orders: −$4.51
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$35.24
Costs to cover: 0.285%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 2 min ago; Aevo: live order book, 2 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	0.06 bp	4.1 bp −$4	5.3 bp −$53	8.0 bp −$803	doesn't fit
Sell Aevo live order book, 2 min ago	0.99 bp	10.6 bp −$11	12.4 bp −$124	14.4 bp −$1,443	doesn't fit

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
Bluefin BTC-PERP	−0.0656%	1h	86,373.6	+0.023%	$140K	$620K	40x	as long as short
Phoenix BTC	−0.0159%	1h	86,402	+0.056%	$2.2M	$11.8M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,347	−0.008%	$9K	$3K	50x	as long as short
01 Exchange BTCUSD	−0.0016%	1h	86,366.1	+0.014%	$360K	$2.5M	50x	as long as short
Aster BTCUSDT	−0.0011%	8h	86,345.6	−0.010%	$503.2M	$1.15B	200x	as long as short
Deribit BTC-PERPETUAL	0.0000%	1h	86,384.7	+0.036%	$917.8M	$1.49B	50x	as long as short
KuCoin XBTUSDTM	+0.0003%	8h	86,342.3	−0.014%	$850.8M	$712.2M	125x	as long as short
dYdX BTC-USD	+0.0004%	1h	86,406.9	+0.061%	$17.0M	$21.1M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	86,371.6	+0.020%	$36.8M	—	200x	as long as short
RISEx BTC/USDC	+0.0006%	1h	86,360.9	+0.008%	$8.4M	$42.8M	25x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya BTCRUSDPERP	+0.0023%	1h	86,345.8	−0.009%	$6.7M	$145.0M	40x	as long as short
Injective BTC/USDC PERP	+0.0024%	1h	86,360	+0.007%	$332K	$26.8M	52x	as long as short
BingX BTC-USDC	+0.0036%	8h	86,332.9	−0.024%	—	$15.3M	—	as long as short
Aftermath Perps BTCUSD	+0.0038%	1h	86,428	+0.086%	$81K	$218K	20x	as long as short
Phemex BTCUSDT	+0.0041%	8h	86,357.1	+0.004%	$150.1M	$476.7M	150x	as long as short
Bitget BTCUSDT	+0.0046%	8h	86,352.9	−0.001%	$2.95B	$5.10B	150x	as long as short
MEXC BTC_USDT	+0.0063%	8h	86,348.5	−0.006%	$5.14B	$5.70B	500x	as long as short
Binance BTCUSDT	+0.0064%	8h	86,350.7	−0.004%	$9.42B	$24.44B	150x	as long as short
Aevo BTC-PERPshort	+0.0064%	1h	86,345	−0.010%	$2.4M	$1.3M	20x
Gate BTC_USDT	+0.0080%	8h	86,354.3	0.000%	$5.85B	$10.75B	200x	as long as short
Bybit BTCUSDT	+0.0093%	8h	86,351.1	−0.003%	$5.25B	$9.78B	150x	as long as short
Lighter BTC	+0.0096%	1h	86,356.8	+0.003%	$170.5M	$1.01B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,370.6	+0.019%	$24.1M	$152.5M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,357	+0.003%	$8.4M	$52.4M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,336	−0.021%	$202K	$6.9M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,390.4	+0.042%	$4.8M	$8.5M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,352.8	−0.001%	$21.6M	$234.6M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,425.7	+0.083%	$3.80B	$5.10B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,389.5	+0.041%	$40.7M	$513.8M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,326.6	−0.032%	$2.53B	$12.71B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,362	+0.009%	$3.9M	$18.6M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,412	+0.067%	$7.8M	$94.8M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,498.7	+0.168%	$571.7M	$18.6M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,348.3	−0.007%	$37.8M	$155.0M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,394.8	+0.047%	$155.5M	$568.5M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,426.9	+0.084%	$279.3M	$949.8M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,418.2	+0.074%	$217.1M	$176.0M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,418.4	+0.075%	$141.3M	$323.7M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,380	+0.030%	$30.7M	$203.9M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,401.9	+0.056%	—	$11.6M	50x	as long as short
Polymarket Perps BTC-USDlong	+0.0100%	1h	86,354	long leg	$11.1M	$13.8M	50x
Bullet BTC-USD	+0.0100%	1h	86,357	+0.003%	$190K	$3.4M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,356.2	+0.003%	$2.4M	$8.7M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,366.6	+0.015%	$30.6M	$62.2M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,349.3	−0.005%	$3.4M	$5.4M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	86,350	−0.005%	$60.4M	$337.3M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,346.3	−0.009%	$2.29B	$968.5M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	86,331	−0.027%	$45.5M	$226.2M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,371.2	+0.020%	—	$98.8M	500x	as long as short
Perpl BTC	+0.0112%	43m	86,372.8	+0.022%	$421K	$23.6M	6.7x	as long as short
Hibachi BTC/USDT-P	+0.0112%	1h	86,387.5	+0.039%	$719K	$8.1M	30x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	86,389.1	+0.041%	$131.3M	$5.69B	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0121%	1h	86,372.4	+0.021%	$191.1M	$944.0M	100x	as long as short
BloFin BTC-USDT	+0.0184%	8h	86,353.7	0.000%	$414.2M	$653.5M	150x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0187% / S −0.0213%	1h	86,365.2	+0.013%	$15.2M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0199%	8h	86,386	+0.037%	$9.8M	$734.6M	6.4x	as long as short