Funding you earn now, next payment 23:00 UTC−0.0070%/8h= −7.7% APRpaid last 24h −0.021%
Price spread now: BingX against Polymarket Perps−0.072%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$200.202% of the position
Funding, last 7 days−0.087%−$9 on $10k
+Price spread, last 7 days+0.069%+$7 · spread now −0.072%, 7d avg −0.029%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BingX is 0.043% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.029%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps BTC-USD | 86,632 | 0.0100 | pay 0.0013% / 1h | 54m 02s | $11.1M | $13.8M | 50x |
| Short | BingX BTC-USDC | 86,569.7 | 0.0030 | get 0.0030% / 8h | 1h 54m | — | $15.4M | — |
Polymarket Perps BTC-USD
BingX BTC-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$14.7
- Price spread: −0.072% → −0.029%
- −$4.3
- Slippage, 4 orders
- −$2.25
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$39.25
- Costs to cover
- 0.202%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 5 min ago; BingX: live order book, 14 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, 5 min ago | 0.06 bp | 5.1 bp −$5 | 6.5 bp −$65 | 8.8 bp −$878 | doesn't fit |
| Sell BingX live order book, 14 min ago | 0.01 bp | 5.2 bp −$5 | 5.9 bp −$59 | 7.0 bp −$702 | 8.7 bp −$4,365 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps BTCUSD | −0.0217% | 1h | 86,636.4 | +0.005% | $79K | $197K | 20x | as long as short |
| Phoenix BTC | −0.0103% | 1h | 86,639 | +0.008% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,653 | +0.024% | $9K | $3K | 50x | as long as short |
| dYdX BTC-USD | −0.0032% | 1h | 86,684.5 | +0.061% | $17.6M | $20.6M | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0008% | 1h | 86,664.1 | +0.037% | $359K | $2.4M | 50x | as long as short |
| Aster BTCUSDT | −0.0004% | 8h | 86,583.2 | −0.056% | $505.5M | $1.16B | 200x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,636.9 | +0.006% | $421K | $24.2M | 6.7x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,629.9 | −0.002% | $926.1M | $1.47B | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0004% | 8h | 86,589.5 | −0.049% | $851.3M | $709.6M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,626.6 | −0.006% | $36.8M | — | 200x | as long as short |
Aftermath Perps BTCUSD
Phoenix BTC
Hotstuff BTC-PERP
dYdX BTC-USD
01 Exchange BTCUSD
Aster BTCUSDT
Perpl BTC
Deribit BTC-PERPETUAL
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| RISEx BTC/USDC | +0.0006% | 1h | 86,658.9 | +0.031% | $8.5M | $43.3M | 25x | as long as short |
| Hibachi BTC/USDT-P | +0.0008% | 1h | 86,685.8 | +0.062% | $727K | $8.1M | 30x | as long as short |
| Reya BTCRUSDPERP | +0.0022% | 1h | 86,610.2 | −0.025% | $6.7M | $144.6M | 40x | as long as short |
| Injective BTC/USDC PERP | +0.0024% | 1h | 86,587 | −0.052% | $315K | $26.8M | 52x | as long as short |
| Phemex BTCUSDT | +0.0028% | 8h | 86,581.8 | −0.058% | $149.6M | $473.2M | 150x | as long as short |
| BingX BTC-USDCshort | +0.0030% | 8h | 86,569.7 | −0.072% | — | $15.4M | — | |
| Bitget BTCUSDT | +0.0038% | 8h | 86,595.2 | −0.042% | $2.95B | $5.09B | 150x | as long as short |
| Aevo BTC-PERP | +0.0056% | 1h | 86,615 | −0.020% | $2.4M | $1.3M | 20x | as long as short |
| MEXC BTC_USDT | +0.0059% | 8h | 86,585.8 | −0.053% | $5.19B | $5.61B | 500x | as long as short |
| Binance BTCUSDT | +0.0060% | 8h | 86,582.8 | −0.057% | $9.42B | $24.39B | 150x | as long as short |
| SoDEX BTC-USD | +0.0075% | 1h | 86,599 | −0.038% | $60.5M | $336.7M | 40x | as long as short |
| Gate BTC_USDT | +0.0083% | 8h | 86,580.9 | −0.059% | $5.85B | $10.61B | 200x | as long as short |
| Bybit BTCUSDT | +0.0087% | 8h | 86,590.3 | −0.048% | $5.27B | $9.74B | 150x | as long as short |
| Nado BTC-PERP | +0.0096% | 1h | 86,662.7 | +0.035% | $21.6M | $234.4M | 50x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,594.7 | −0.043% | $172.0M | $996.9M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,602.6 | −0.034% | $24.1M | $151.5M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,644 | +0.014% | $8.5M | $52.3M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,643 | +0.013% | $201K | $6.9M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,698.1 | +0.076% | $4.8M | $8.3M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,658 | +0.030% | $3.81B | $5.08B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,697.7 | +0.076% | $41.1M | $499.4M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,595 | −0.043% | $2.55B | $12.73B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,643 | +0.013% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,724.9 | +0.107% | $7.4M | $94.0M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,590.2 | −0.048% | $572.1M | $20.3M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,582.5 | −0.057% | $38.3M | $153.1M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,582.6 | −0.057% | $156.4M | $568.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,554.6 | −0.089% | $279.5M | $940.9M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,561 | −0.082% | $217.2M | $183.6M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,556.4 | −0.087% | $141.5M | $322.9M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,647.8 | +0.018% | $30.7M | $203.0M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,680.9 | +0.056% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USDlong | +0.0100% | 1h | 86,632 | long leg | $11.1M | $13.8M | 50x | |
| Bullet BTC-USD | +0.0100% | 1h | 86,607.9 | −0.028% | $193K | $3.4M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,614.1 | −0.021% | $2.5M | $8.6M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,624.6 | −0.009% | $141K | $618K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,599.9 | −0.037% | $30.0M | $61.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,660.4 | +0.033% | $3.4M | $5.5M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,602.8 | −0.034% | $2.30B | $960.5M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,584.3 | −0.055% | $46.4M | $226.5M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,674.6 | +0.049% | — | $98.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,636 | +0.005% | $131.8M | $5.80B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,624 | −0.009% | $191.4M | $937.3M | 100x | as long as short |
| BloFin BTC-USDT | +0.0180% | 8h | 86,642.7 | +0.012% | $417.2M | $655.6M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0180% / S −0.0210% | 1h | 86,619.9 | −0.014% | $15.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0186% | 8h | 86,673 | +0.047% | $9.6M | $726.6M | 6.4x | as long as short |
RISEx BTC/USDC
Hibachi BTC/USDT-P
Reya BTCRUSDPERP
Injective BTC/USDC PERP
Phemex BTCUSDT
Bitget BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
SoDEX BTC-USD
Gate BTC_USDT
Bybit BTCUSDT
Nado BTC-PERP
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP