Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

BTC

all BTC markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: Extended against Polymarket Perps−0.022%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$130.134% of the position
Long on Polymarket PerpsShort on Extended
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 7 days+0.009%+$1 · spread now −0.022%, 7d avg −0.026%
Together, before fees+0.009%+ Points / potential airdropExtended: Active · farm board+$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps BTC-USD86,4370.0100pay 0.0013% / 1h28m 28s$11.1M$13.8M50x
ShortExtended BTC-USD86,417.70.0104get 0.0013% / 1h28m 28s$45.5M$227.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$0.84
Price spread: −0.022% → −0.026%
$0.36
Slippage, 4 orders
−$0.36
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$12.16
Costs to cover
0.134%
Break-even
108.4 days
Slippage from Polymarket Perps: live order book, 6 min ago; Extended: live order book, 6 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 Polymarket Perps live order book, 6 min ago0.06 bp4.1 bp −$44.2 bp −$426.7 bp −$668doesn't fit
Sell Extended live order book, 6 min ago0.06 bp2.6 bp −$32.6 bp −$263.5 bp −$34910.1 bp −$5,065

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
Phoenix BTC−0.0118%1h86,477+0.046%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,446+0.010%$9K$3K50xas long as short
Injective BTC/USDC PERP−0.0035%1h86,568+0.152%$333K$26.8M52xas long as short
RISEx BTC/USDC−0.0024%1h86,453.7+0.019%$8.3M$42.8M25xas long as short
01 Exchange BTCUSD−0.0016%1h86,461.3+0.028%$359K$2.5M50xas long as short
Aster BTCUSDT−0.0001%8h86,435−0.002%$501.6M$1.15B200xas long as short
Perpl BTC0.0000%43m86,473.6+0.042%$416K$23.1M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,456.7+0.023%$36.8M—200xas long as short
KuCoin XBTUSDTM+0.0017%8h86,441.6+0.005%$850.0M$715.6M125xas long as short
Reya BTCRUSDPERP+0.0031%1h86,431.6−0.006%$6.7M$145.5M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDT+0.0042%8h86,435.6−0.002%—$1.59B—as long as short
Phemex BTCUSDT+0.0051%8h86,464.1+0.031%$150.7M$478.6M150xas long as short
Bitget BTCUSDT+0.0052%8h86,425.3−0.014%$2.96B$5.13B150xas long as short
Deribit BTC-PERPETUAL+0.0056%1h86,503.7+0.077%$914.7M$1.48B50xas long as short
dYdX BTC-USD+0.0067%1h86,493.3+0.065%$16.9M$21.2M50xas long as short
MEXC BTC_USDT+0.0069%8h86,434−0.003%$5.16B$5.66B500xas long as short
Binance BTCUSDT+0.0069%8h86,430.5−0.008%$9.42B$24.57B150xas long as short
Aevo BTC-PERP+0.0072%1h86,454.3+0.020%$2.4M$1.3M20xas long as short
Gate BTC_USDT+0.0083%8h86,436.80.000%$5.86B$10.77B200xas long as short
SoDEX BTC-USD+0.0086%1h86,465+0.032%$60.5M$337.9M40xas long as short
Lighter BTC+0.0096%1h86,450.9+0.016%$170.2M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h86,461.5+0.028%$24.0M$152.2M50xas long as short
Popdex BTCUSDT+0.0096%1h86,438+0.001%$8.5M$52.4M100xas long as short
Bybit BTCUSDT+0.0098%8h86,431.1−0.007%$5.26B$9.81B150xas long as short
Katana Perps BTC-USD+0.0100%8h86,426−0.013%$199K$7.1M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,478.5+0.048%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,445.9+0.010%$21.9M$234.7M50xas long as short
Hyperliquid BTC+0.0100%1h86,515+0.090%$3.79B$5.11B40xas long as short
Pacifica BTC+0.0100%1h86,477.7+0.047%$41.1M$529.8M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,439+0.002%$2.55B$12.73B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,450+0.015%$3.9M$18.7M25xas long as short
Arcus BTC-USD+0.0100%1h86,485.3+0.056%$7.5M$95.3M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,451.9+0.017%$38.2M$155.7M75xas long as short
Variational Omni BTC+0.0100%8h86,474.8+0.044%$157.5M$568.1M—as long as short
edgeX BTCUSDC+0.0100%4h86,477.1+0.046%$279.3M$947.6M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,485.6+0.056%$217.2M$171.6M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,488.9+0.060%$141.4M$323.2M100xas long as short
StandX BTC-USD+0.0100%1h86,471+0.039%$30.7M$205.4M40xas long as short
Vest BTC-PERP+0.0100%1h86,489.7+0.061%—$11.9M50xas long as short
Polymarket Perps BTC-USDlong+0.0100%1h86,437long leg$11.1M$13.8M50x
Bullet BTC-USD+0.0100%1h86,434.6−0.003%$192K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,432.5−0.005%$2.4M$9.0M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,494.5+0.067%$140K$663K40xas long as short
Derive BTC-PERP+0.0100%1h86,495.8+0.068%$30.5M$62.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,450.6+0.016%$3.4M$5.4M100xas long as short
HTX BTC-USDT+0.0100%8h86,450+0.015%$2.29B$969.5M200xas long as short
Bulk BTC-USD+0.0100%1h86,464.9+0.032%$572.1M$16.9M40xas long as short
Extended BTC-USDshort+0.0104%1h86,417.7−0.022%$45.5M$227.4M50x
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,474.6+0.044%—$98.9M500xas long as short
Kraken Futures PF_XBTUSD+0.0110%1h86,493.6+0.066%$194.0M$952.3M100xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,503.8+0.077%$132.3M$5.66B50xas long as short
Aftermath Perps BTCUSD+0.0145%1h86,510.4+0.085%$79K$218K20xas long as short
Hibachi BTC/USDT-P+0.0184%1h86,493.4+0.065%$728K$8.1M30xas long as short
BloFin BTC-USDT+0.0190%8h86,461+0.028%$415.5M$658.7M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0195% / S −0.0218%1h86,450.2+0.015%$15.0M—200xas long as short
Kalshi KXBTCPERP+0.0208%8h86,488+0.059%$9.7M$746.3M6.4xas long as short