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

BTC

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Alert: funding
Measured
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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
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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 22:00 UTC−0.0037%/8h= −4.1% APRnext payment −$0.05 per $10,000 · paid last 24h −0.001%
Price spread now: RISEx against Polymarket Perps+0.010%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$150.154% of the position
Long on Polymarket PerpsShort on RISEx
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.012%−$1 on $10k
Price spread, last 7 days+0.017%+$2 · spread now +0.010%, 7d avg +0.019%
Together, before fees+0.005%+$1 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps BTC-USD86,7660.0100pay 0.0013% / 1h21m 20s$11.1M$13.8M50x
ShortRISEx BTC/USDC86,7750.0063get 0.0008% / 1h21m 20s$9.2M$41.9M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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
−$7.87
Price spread: +0.010% → +0.019%
−$0.89
Slippage, 4 orders
−$1.44
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$24.2
Costs to cover
0.154%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 3 min ago; RISEx: live order book, 3 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, 3 min ago0.06 bp4.1 bp −$45.6 bp −$568.6 bp −$858doesn't fit
Sell RISEx live order book, 3 min ago0.01 bp3.9 bp −$43.9 bp −$3911.9 bp −$1,190doesn't fit

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
Aftermath Perps BTCUSD−0.0236%1h86,738.4−0.032%$85K$188K20xas long as short
Perpl BTC−0.0223%43m86,786.1+0.023%$429K$24.8M6.7xas long as short
Phoenix BTC−0.0103%1h86,781+0.017%$2.2M$12.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,726−0.046%$9K$3K50xas long as short
dYdX BTC-USD−0.0067%1h86,773.8+0.009%$17.6M$20.6M50xas long as short
01 Exchange BTCUSD0.0000%1h86,801.2+0.041%$364K$2.4M50xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,795.5+0.034%$933.1M$1.45B50xas long as short
KuCoin XBTUSDTM+0.0004%8h86,789.1+0.027%$849.4M$707.2M125xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,784+0.021%$36.9M—200xas long as short
Aster BTCUSDT+0.0009%8h86,755.1−0.013%$506.7M$1.16B200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0021%1h86,737.6−0.033%$6.7M$144.4M40xas long as short
Phemex BTCUSDT+0.0023%8h86,768.9+0.003%$150.2M$471.8M150xas long as short
BingX BTC-USDC+0.0025%8h86,748.2−0.021%—$15.2M—as long as short
Bitget BTCUSDT+0.0035%8h86,760.4−0.006%$2.96B$5.08B150xas long as short
Injective BTC/USDC PERP+0.0049%1h86,639−0.146%$315K$26.8M52xas long as short
Aevo BTC-PERP+0.0056%1h86,762.1−0.004%$2.4M$1.3M20xas long as short
MEXC BTC_USDT+0.0058%8h86,747.2−0.022%$5.19B$5.70B500xas long as short
Binance BTCUSDT+0.0059%8h86,760−0.007%$9.45B$24.35B150xas long as short
RISEx BTC/USDCshort+0.0063%1h86,775+0.010%$9.2M$41.9M25x
Gate BTC_USDT+0.0082%8h86,760.8−0.006%$5.86B$10.67B200xas long as short
OKX BTC-USDT-SWAP+0.0083%8h86,776+0.012%$2.56B$12.75B100xas long as short
Bybit BTCUSDT+0.0085%8h86,758.5−0.009%$5.29B$9.71B150xas long as short
Lighter BTC+0.0096%1h86,782.7+0.019%$171.9M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h86,789.7+0.027%$24.1M$153.9M50xas long as short
Popdex BTCUSDT+0.0096%1h86,773+0.008%$8.5M$52.3M100xas long as short
Variational Omni BTC+0.0097%8h86,726.9−0.045%$159.3M$566.6M—as long as short
Katana Perps BTC-USD+0.0100%8h86,760−0.007%$202K$6.8M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,821.9+0.064%$4.8M$8.2M50xas long as short
Nado BTC-PERP+0.0100%1h86,773.4+0.008%$21.8M$235.6M50xas long as short
Hyperliquid BTC+0.0100%1h86,815+0.056%$3.82B$5.11B40xas long as short
Pacifica BTC+0.0100%1h86,805.1+0.045%$41.0M$492.6M50xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,785+0.022%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,837.3+0.082%$7.5M$94.7M40xas long as short
Bulk BTC-USD+0.0100%1h86,792.1+0.030%$573.3M$22.0M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,768+0.002%$38.1M$148.4M75xas long as short
edgeX BTCUSDC+0.0100%4h86,783.9+0.021%$280.3M$951.8M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,756.8−0.011%$217.9M$187.3M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,768.2+0.003%$141.6M$322.5M100xas long as short
StandX BTC-USD+0.0100%1h86,768+0.002%$30.8M$204.7M40xas long as short
Vest BTC-PERP+0.0100%1h86,823.3+0.066%—$11.6M50xas long as short
Polymarket Perps BTC-USDlong+0.0100%1h86,766long leg$11.1M$13.8M50x
Bullet BTC-USD+0.0100%1h86,760.1−0.007%$197K$3.4M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,774.5+0.010%$2.5M$8.5M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,787.6+0.025%$141K$619K40xas long as short
Derive BTC-PERP+0.0100%1h86,769.3+0.004%$30.0M$61.8M15xas long as short
SunX BTC-USDT+0.0100%8h86,762.2−0.004%$3.4M$5.5M100xas long as short
SoDEX BTC-USD+0.0100%1h86,760−0.007%$60.6M$336.5M40xas long as short
HTX BTC-USDT+0.0100%8h86,762−0.005%$2.30B$958.8M200xas long as short
Extended BTC-USD+0.0104%1h86,749.6−0.019%$46.3M$227.8M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,779.6+0.016%—$98.9M500xas long as short
Kraken Futures PF_XBTUSD+0.0116%1h86,797+0.036%$188.0M$933.8M100xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,812.2+0.053%$132.2M$5.86B50xas long as short
Kalshi KXBTCPERP+0.0139%8h86,784+0.021%$9.6M$726.9M6.4xas long as short
BloFin BTC-USDT+0.0177%8h86,733.1−0.038%$417.1M$654.9M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0180% / S −0.0209%1h86,777.1+0.013%$15.0M—200xas long as short
Hibachi BTC/USDT-P+0.0216%1h86,784+0.021%$698K$7.1M30xas long as short