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

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: StandX against Polymarket Perps−0.024%7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$190.188% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.022%−$2 on $10k
Price spread, last 7 days+0.052%+$5 · spread now −0.024%, 7d avg +0.007%
Together, before fees+0.031%+ Points / potential airdropStandX: Active · farm board+$3 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: StandX is 0.030% 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 +0.007%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps BTC-USD85,2910.0100pay 0.0013% / 1h0m 18s$10.9M$15.0M50x
ShortStandX BTC-USD85,270.70.0100get 0.0013% / 1h0m 18s$30.1M$216.2M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX 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
Price spread: −0.024% → +0.007%
−$3.05
Slippage, 4 orders
−$2.82
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee StandX: 4 bp × 2 orders
−$8
Net
−$21.87
Costs to cover
0.188%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 4 min ago; StandX: live order book, 4 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, 4 min ago0.35 bp4.4 bp −$45.3 bp −$537.1 bp −$710doesn't fit
Sell StandX live order book, 4 min ago0.41 bp5.0 bp −$56.0 bp −$607.5 bp −$7549.4 bp −$4,684

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
Hotstuff BTC-PERP−0.0080%1h85,283−0.009%$8K$3K50xas long as short
Phoenix BTC−0.0034%1h85,306+0.018%$2.3M$10.8M40xas long as short
BloFin BTC-USDT−0.0020%8h85,279.8−0.013%$421.4M$684.9M150xas long as short
KuCoin XBTUSDTM−0.0002%8h85,286.4−0.005%$928.9M$776.6M125xas long as short
01 Exchange BTCUSD0.0000%1h85,298.8+0.009%$345K$2.3M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,294.1+0.004%$36.5M200xas long as short
Aster BTCUSDT+0.0018%8h85,288−0.004%$502.2M$1.09B200xas long as short
dYdX BTC-USD+0.0021%1h85,277.8−0.016%$16.7M$21.0M50xas long as short
Kraken Futures PF_XBTUSD+0.0026%1h85,290.70.000%$186.3M$953.9M100xas long as short
Injective BTC/USDC PERP+0.0067%1h85,267−0.028%$311K$26.1M52xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDC+0.0067%8h85,271.2−0.023%$17.5Mas long as short
Bybit BTCUSDT+0.0090%8h85,294.8+0.004%$5.09B$10.03B150xas long as short
Deribit BTC-PERPETUAL+0.0091%1h85,313.9+0.027%$829.7M$1.67B50xas long as short
Nado BTC-PERP+0.0095%1h85,281.8−0.011%$24.0M$220.0M50xas long as short
Lighter BTC+0.0096%1h85,307.7+0.020%$169.5M$1.03B50xas long as short
Lighter RH BTC+0.0096%1h85,305.5+0.017%$23.6M$149.3M50xas long as short
Popdex BTCUSDT+0.0096%1h85,290−0.001%$8.4M$57.9M100xas long as short
Aevo BTC-PERP+0.0096%1h85,290−0.001%$2.4M$6.7M20xas long as short
ApeX Omni BTCUSDT+0.0097%1h85,273.7−0.020%$138.0M$312.8M100xas long as short
Katana Perps BTC-USD+0.0100%8h85,271−0.023%$265K$8.7M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,335+0.052%$5.7M$9.5M50xas long as short
Pacifica BTC+0.0100%1h85,311.9+0.025%$40.0M$605.4M50xas long as short
Binance BTCUSDT+0.0100%8h85,291.5+0.001%$9.40B$25.18B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,295.2+0.005%$2.61B$12.26B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,279−0.014%$3.8M$17.3M25xas long as short
Arcus BTC-USD+0.0100%1h85,306.3+0.018%$4.6M$97.7M40xas long as short
Bulk BTC-USD+0.0100%1h85,256−0.041%$695.2M$190.7M40xas long as short
Gate BTC_USDT+0.0100%8h85,287.9−0.004%$5.46B$11.19B200xas long as short
MEXC BTC_USDT+0.0100%8h85,291.7+0.001%$5.03B$5.78B500xas long as short
Bitget BTCUSDT+0.0100%8h85,291.10.000%$2.97B$5.19B150xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,285.8−0.006%$36.7M$191.2M75xas long as short
Variational Omni BTC+0.0100%8h85,265.8−0.030%$155.3M$548.8Mas long as short
edgeX BTCUSDC+0.0100%4h85,267.5−0.027%$282.8M$959.2M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,278.8−0.014%$214.0M$159.3M50xas long as short
StandX BTC-USDshort+0.0100%1h85,270.7−0.024%$30.1M$216.2M40x
Vest BTC-PERP+0.0100%1h85,367.8+0.090%$9.9M50xas long as short
Polymarket Perps BTC-USDlong+0.0100%1h85,291long leg$10.9M$15.0M50x
Bullet BTC-USD+0.0100%1h85,294.8+0.004%$199K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,295.6+0.005%$2.6M$9.8M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,347.1+0.066%$193K$796K40xas long as short
Derive BTC-PERP+0.0100%1h85,317.2+0.031%$28.8M$46.9M15xas long as short
SunX BTC-USDT+0.0100%8h85,249−0.049%$2.9M$6.1M100xas long as short
SoDEX BTC-USD+0.0100%1h85,276−0.018%$59.7M$336.6M40xas long as short
HTX BTC-USDT+0.0100%8h85,267.5−0.028%$2.25B$974.1M200xas long as short
Phemex BTCUSDT+0.0100%8h85,293+0.002%$158.8M$516.3M150xas long as short
Extended BTC-USD+0.0104%1h85,270.1−0.025%$45.7M$241.3M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,296.9+0.007%$106.7M500xas long as short
Coinbase International BTC-PERP-INTX+0.0104%1h85,334.7+0.051%$111.6M$5.47B50xas long as short
Hyperliquid BTC+0.0132%1h85,384+0.109%$3.79B$5.11B40xas long as short
Reya BTCRUSDPERP+0.0145%1h85,286−0.006%$6.6M$141.1M40xas long as short
Kalshi KXBTCPERP+0.0173%8h85,290−0.001%$11.9M$737.5M6.4xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0174% / S −0.0149%1h85,281.5−0.011%$13.0M200xas long as short
RISEx BTC/USDC+0.0174%1h85,314.5+0.028%$8.9M$43.0M25xas long as short
Aftermath Perps BTCUSD+0.0284%1h85,299.1+0.009%$81K$249K20xas long as short
Hibachi BTC/USDT-P+0.0312%1h85,302.6+0.014%$682K$7.8M30xas long as short
Perpl BTC+0.0447%43m85,306.9+0.019%$465K$18.4M6.7xas long as short