Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%
Price spread now: Bybit against Polymarket Perps−0.023%7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$210.206% of the position
Funding, last 7 days−0.067%−$7 on $10k
+Price spread, last 7 days+0.025%+$3 · spread now −0.023%, 7d avg +0.012%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.034% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.012%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps BTC-USD | 85,301 | 0.0100 | pay 0.0013% / 1h | 41m 50s | $11.0M | $14.4M | 50x |
| Short | Bybit BTCUSDT | 85,281.8 | 0.0100 | get 0.0100% / 8h | 2h 41m | $5.16B | $9.90B | 150x |
Polymarket Perps BTC-USD
Bybit BTCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: −0.023% → +0.012%
- −$3.42
- Slippage, 4 orders
- −$1.56
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$23.98
- Costs to cover
- 0.206%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 2 min ago; Bybit: 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 | 5.5 bp −$5 | 6.5 bp −$65 | 8.5 bp −$852 | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.01 bp | 5.5 bp −$6 | 5.5 bp −$55 | 6.0 bp −$600 | 7.8 bp −$3,896 |
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 BTC | −0.0112% | 43m | 85,311.1 | +0.012% | $529K | $18.8M | 6.7x | as long as short |
| Phoenix BTC | −0.0111% | 1h | 85,377 | +0.089% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,322 | +0.025% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0054% | 8h | 85,284.3 | −0.020% | $919.7M | $761.0M | 125x | as long as short |
| BloFin BTC-USDT | −0.0033% | 8h | 85,287 | −0.016% | $419.9M | $678.3M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0032% | 1h | 85,314.2 | +0.015% | $381K | $2.3M | 50x | as long as short |
| Aster BTCUSDT | −0.0014% | 8h | 85,276.5 | −0.029% | $512.9M | $1.10B | 200x | as long as short |
| dYdX BTC-USD | +0.0002% | 1h | 85,357.5 | +0.066% | $16.7M | $21.3M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,315.3 | +0.017% | $36.5M | — | 200x | as long as short |
| Nado BTC-PERP | +0.0009% | 1h | 85,310.4 | +0.011% | $24.5M | $222.6M | 50x | as long as short |
Perpl BTC
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
01 Exchange BTCUSD
Aster BTCUSDT
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Nado BTC-PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0023% | 1h | 85,449 | +0.174% | $339K | $26.8M | 52x | as long as short |
| SoDEX BTC-USD | +0.0040% | 1h | 85,298 | −0.004% | $59.8M | $335.8M | 40x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0056% | 1h | 85,323.7 | +0.027% | $187.7M | $955.2M | 100x | as long as short |
| Bullet BTC-USD | +0.0063% | 1h | 85,291 | −0.012% | $204K | $3.3M | 20x | as long as short |
| BingX BTC-USDC | +0.0065% | 8h | 85,262 | −0.046% | — | $17.3M | — | as long as short |
| Phemex BTCUSDT | +0.0070% | 8h | 85,301.3 | 0.000% | $149.5M | $501.8M | 150x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,294.4 | −0.008% | $2.4M | $6.7M | 20x | as long as short |
| Bitget BTCUSDT | +0.0082% | 8h | 85,300.3 | −0.001% | $2.95B | $5.15B | 150x | as long as short |
| Binance BTCUSDT | +0.0086% | 8h | 85,274.5 | −0.031% | $9.42B | $24.74B | 150x | as long as short |
| MEXC BTC_USDT | +0.0087% | 8h | 85,274.2 | −0.031% | $5.07B | $5.67B | 500x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,310.1 | +0.011% | $171.5M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,312.8 | +0.014% | $23.8M | $147.5M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,310 | +0.011% | $8.4M | $55.5M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0096% | 1h | 85,346.8 | +0.054% | $117.2M | $5.32B | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,290 | −0.013% | $239K | $8.5M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,370.5 | +0.082% | $5.6M | $9.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,368 | +0.079% | $3.77B | $5.05B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,359.1 | +0.068% | $40.1M | $595.0M | 50x | as long as short |
| Bybit BTCUSDTshort | +0.0100% | 8h | 85,281.8 | −0.023% | $5.16B | $9.90B | 150x | |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,292.9 | −0.009% | $2.59B | $12.14B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,320 | +0.022% | $3.8M | $17.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,319.6 | +0.022% | $4.7M | $99.1M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,324.1 | +0.027% | $679.5M | $626.7M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,283.5 | −0.021% | $5.52B | $10.83B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,291 | −0.012% | $36.1M | $174.5M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,345 | +0.052% | $154.3M | $564.9M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,396.2 | +0.112% | $279.4M | $939.8M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,382.3 | +0.095% | $214.6M | $168.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,392.3 | +0.107% | $139.6M | $315.2M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,363.4 | +0.073% | $30.1M | $206.6M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,369 | +0.080% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USDlong | +0.0100% | 1h | 85,301 | long leg | $11.0M | $14.4M | 50x | |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,308.2 | +0.008% | $2.3M | $9.0M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,346 | +0.053% | $206K | $739K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,283.9 | −0.020% | $30.0M | $50.3M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,287.7 | −0.016% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,299.9 | −0.001% | $2.26B | $953.0M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,251.1 | −0.058% | $45.7M | $236.2M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,328.8 | +0.033% | — | $106.8M | 500x | as long as short |
| Reya BTCRUSDPERP | +0.0111% | 1h | 85,293.3 | −0.009% | $6.6M | $147.3M | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0155% | 1h | 85,349.5 | +0.057% | $872.3M | $1.60B | 50x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,311.8 | +0.013% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0177% | 8h | 85,339 | +0.045% | $11.5M | $749.1M | 6.4x | as long as short |
| Hibachi BTC/USDT-P | +0.0232% | 1h | 85,342.5 | +0.049% | $694K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0236% | 1h | 85,392.8 | +0.108% | $79K | $226K | 20x | as long as short |
| RISEx BTC/USDC | +0.0257% | 1h | 85,345.6 | +0.052% | $8.7M | $43.1M | 25x | as long as short |
Injective BTC/USDC PERP
SoDEX BTC-USD
Kraken Futures PF_XBTUSD
Bullet BTC-USD
BingX BTC-USDC
Phemex BTCUSDT
Aevo BTC-PERP
Bitget BTCUSDT
Binance BTCUSDT
MEXC BTC_USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Coinbase International BTC-PERP-INTX
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
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Reya BTCRUSDPERP
Deribit BTC-PERPETUAL
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
RISEx BTC/USDC