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Funding arb · Price arb /

BTC

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: SunX against Polymarket Perps−0.086%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$210.206% of the position
Long on Polymarket PerpsShort on SunX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.045%−$4 on $10k
Price spread, last 3 days (all we have)+0.022%+$2 · spread now −0.086%, 7d avg −0.012%
Together, before fees−0.022%−$2 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: SunX is 0.075% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.012%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps BTC-USD86,5340.0100pay 0.0013% / 1h54m 36s$11.1M$13.8M50x
ShortSunX BTC-USDT86,459.30.0100get 0.0100% / 8h54m 36s$3.4M$5.4M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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: −0.086% → −0.012%
−$7.45
Slippage, 4 orders
−$4.56
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee SunX: 4 bp × 2 orders
−$8
Net
−$28.02
Costs to cover
0.206%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 5 min ago; SunX: 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, 5 min ago0.06 bp4.1 bp −$44.6 bp −$466.8 bp −$683doesn't fit
Sell SunX live order book, 4 min ago1.21 bp6.0 bp −$67.9 bp −$7910.9 bp −$1,090doesn'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
Phoenix BTC−0.0159%1h86,468−0.076%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,528−0.007%$9K$3K50xas long as short
Injective BTC/USDC PERP−0.0035%1h86,601+0.077%$333K$26.8M52xas long as short
RISEx BTC/USDC−0.0024%1h86,548.4+0.017%$8.3M$42.9M25xas long as short
01 Exchange BTCUSD−0.0016%1h86,551.1+0.020%$358K$2.5M50xas long as short
Aster BTCUSDT−0.0004%8h86,540.3+0.007%$503.9M$1.15B200xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,559.3+0.029%$36.9M—200xas long as short
KuCoin XBTUSDTM+0.0008%8h86,532.4−0.002%$850.3M$713.8M125xas long as short
Deribit BTC-PERPETUAL+0.0021%1h86,563.8+0.034%$917.2M$1.49B50xas long as short
Reya BTCRUSDPERP+0.0024%1h86,530−0.005%$6.7M$145.2M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDC+0.0040%8h86,523.8−0.012%—$15.4M—as long as short
dYdX BTC-USD+0.0041%1h86,547.3+0.015%$17.0M$21.1M50xas long as short
Phemex BTCUSDT+0.0042%8h86,535.8+0.002%$149.9M$478.0M150xas long as short
Bitget BTCUSDT+0.0051%8h86,540.4+0.007%$2.96B$5.12B150xas long as short
Aevo BTC-PERP+0.0064%1h86,533.5−0.001%$2.4M$1.3M20xas long as short
MEXC BTC_USDT+0.0069%8h86,517.9−0.019%$5.12B$5.62B500xas long as short
Binance BTCUSDT+0.0070%8h86,539.9+0.007%$9.43B$24.52B150xas long as short
Gate BTC_USDT+0.0081%8h86,543.9+0.011%$5.88B$10.70B200xas long as short
Aftermath Perps BTCUSD+0.0086%1h86,463−0.082%$79K$220K20xas long as short
Lighter BTC+0.0096%1h86,538.2+0.005%$170.5M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h86,538.2+0.005%$24.0M$151.2M50xas long as short
Popdex BTCUSDT+0.0096%1h86,541+0.008%$8.5M$52.5M100xas long as short
Bybit BTCUSDT+0.0099%8h86,539.4+0.006%$5.26B$9.80B150xas long as short
Katana Perps BTC-USD+0.0100%8h86,526−0.009%$199K$7.0M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,562.9+0.033%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,546.4+0.014%$21.9M$234.6M50xas long as short
Hyperliquid BTC+0.0100%1h86,615+0.094%$3.80B$5.10B40xas long as short
Pacifica BTC+0.0100%1h86,554.3+0.023%$41.2M$521.5M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,540.3+0.007%$2.54B$12.73B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,530−0.005%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,571.9+0.044%$7.6M$94.7M40xas long as short
Bulk BTC-USD+0.0100%1h86,382.9−0.175%$571.1M$18.1M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,528.6−0.006%$37.9M$154.6M75xas long as short
Variational Omni BTC+0.0100%8h86,463.3−0.082%$155.7M$568.3M—as long as short
edgeX BTCUSDC+0.0100%4h86,420.7−0.131%$279.3M$944.4M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,455.1−0.091%$217.0M$173.5M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,442−0.106%$141.3M$323.3M100xas long as short
StandX BTC-USD+0.0100%1h86,523.5−0.012%$30.7M$204.5M40xas long as short
Vest BTC-PERP+0.0100%1h86,573.8+0.046%—$11.7M50xas long as short
Polymarket Perps BTC-USDlong+0.0100%1h86,534long leg$11.1M$13.8M50x
Bullet BTC-USD+0.0100%1h86,542.9+0.010%$190K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,540.6+0.008%$2.4M$8.8M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,571.1+0.043%$140K$663K40xas long as short
Derive BTC-PERP+0.0100%1h86,571.2+0.043%$30.6M$62.6M15xas long as short
SunX BTC-USDTshort+0.0100%8h86,459.3−0.086%$3.4M$5.4M100x
SoDEX BTC-USD+0.0100%1h86,531−0.003%$60.5M$337.6M40xas long as short
HTX BTC-USDT+0.0100%8h86,522.6−0.013%$2.30B$969.4M200xas long as short
Extended BTC-USD+0.0104%1h86,524.1−0.011%$45.3M$226.9M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,554.2+0.023%—$99.0M500xas long as short
Kraken Futures PF_XBTUSD+0.0110%1h86,555.1+0.024%$192.1M$948.0M100xas long as short
Perpl BTC+0.0112%43m86,529.7−0.005%$417K$23.4M6.7xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,573.2+0.045%$132.6M$5.68B50xas long as short
Hibachi BTC/USDT-P+0.0160%1h86,481.4−0.061%$718K$8.1M30xas long as short
BloFin BTC-USDT+0.0189%8h86,530.5−0.004%$414.8M$656.3M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0190% / S −0.0212%1h86,554.3+0.023%$15.1M—200xas long as short
Kalshi KXBTCPERP+0.0202%8h86,556+0.025%$9.7M$738.6M6.4xas long as short