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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 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%
Price spread now: Variational Omni against Polymarket Perps+0.056%7-day average +0.003% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Polymarket PerpsShort on Variational Omni
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.010%−$1 on $10k
Price spread, last 7 days−0.069%−$7 · spread now +0.056%, 7d avg +0.003%
Together, before fees−0.080%+ Points / potential airdropVariational Omni: Active · farm board−$8 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: Variational Omni is 0.053% dearer against Polymarket Perps than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps BTC-USD86,5340.0100pay 0.0013% / 1h50m 42s$11.1M$13.6M50x
ShortVariational Omni BTC86,582.60.0100get 0.0100% / 8h1h 50m$156.4M$568.8M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Polymarket Perps. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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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: +0.056% → +0.003%
$5.29
Slippage, 4 orders
no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$2.71
Costs to cover
0.080%
Break-even
never at this rate
Slippage unknown: Polymarket Perps: live order book, 4 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

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 ago0.06 bp4.6 bp −$55.5 bp −$558.9 bp −$892doesn't fit
Sell Variational Omni RFQ quote, 4 min ago0.69 bpdoesn't fit0.7 bp −$72.2 bp −$222doesn'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−0.0203%1h86,603.6+0.080%$79K$199K20xas long as short
Phoenix BTC−0.0159%1h86,601+0.077%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,531−0.003%$9K$3K50xas long as short
dYdX BTC-USD−0.0025%1h86,590.3+0.065%$17.6M$20.7M50xas long as short
01 Exchange BTCUSD−0.0008%1h86,552.8+0.022%$359K$2.4M50xas long as short
Aster BTCUSDT−0.0006%8h86,560.7+0.031%$505.4M$1.16B200xas long as short
Perpl BTC0.0000%43m86,551.9+0.021%$421K$24.2M6.7xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,564.9+0.036%$925.7M$1.47B50xas long as short
KuCoin XBTUSDTM+0.0003%8h86,554.4+0.024%$851.0M$709.4M125xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,560.9+0.031%$36.8M—200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
RISEx BTC/USDC+0.0006%1h86,539.3+0.006%$8.5M$43.2M25xas long as short
Hibachi BTC/USDT-P+0.0016%1h86,585.3+0.059%$731K$8.1M30xas long as short
Reya BTCRUSDPERP+0.0022%1h86,523.2−0.013%$6.7M$144.7M40xas long as short
Injective BTC/USDC PERP+0.0024%1h86,587+0.061%$315K$26.8M52xas long as short
Phemex BTCUSDT+0.0028%8h86,533.70.000%$149.6M$473.2M150xas long as short
BingX BTC-USDC+0.0030%8h86,559.6+0.030%—$15.4M—as long as short
Bitget BTCUSDT+0.0039%8h86,575+0.047%$2.95B$5.08B150xas long as short
Aevo BTC-PERP+0.0056%1h86,533.70.000%$2.4M$1.3M20xas long as short
SoDEX BTC-USD+0.0058%1h86,528−0.007%$60.5M$336.8M40xas long as short
Binance BTCUSDT+0.0059%8h86,565.5+0.036%$9.42B$24.38B150xas long as short
MEXC BTC_USDT+0.0059%8h86,565.6+0.037%$5.19B$5.61B500xas long as short
Gate BTC_USDT+0.0083%8h86,555.7+0.025%$5.85B$10.62B200xas long as short
Bybit BTCUSDT+0.0088%8h86,570.3+0.042%$5.27B$9.73B150xas long as short
Lighter BTC+0.0096%1h86,577.2+0.050%$172.5M$997.9M50xas long as short
Lighter RH BTC+0.0096%1h86,587.9+0.062%$24.0M$151.6M50xas long as short
Popdex BTCUSDT+0.0096%1h86,529−0.006%$8.5M$52.3M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,516−0.021%$205K$6.9M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,604.7+0.082%$4.7M$8.3M50xas long as short
Nado BTC-PERP+0.0100%1h86,533.1−0.001%$21.7M$234.0M50xas long as short
Hyperliquid BTC+0.0100%1h86,637+0.119%$3.81B$5.09B40xas long as short
Pacifica BTC+0.0100%1h86,601.5+0.078%$41.0M$499.4M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,578.9+0.052%$2.55B$12.72B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,554+0.023%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,638.3+0.121%$7.4M$94.0M40xas long as short
Bulk BTC-USD+0.0100%1h86,527.4−0.008%$571.7M$19.3M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,532.4−0.002%$38.2M$153.0M75xas long as short
Variational Omni BTCshort+0.0100%8h86,582.6+0.056%$156.4M$568.8M—
edgeX BTCUSDC+0.0100%4h86,579.9+0.053%$279.6M$942.4M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,665.5+0.152%$217.4M$182.6M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,588.3+0.063%$141.5M$322.9M100xas long as short
StandX BTC-USD+0.0100%1h86,561.3+0.032%$30.7M$202.9M40xas long as short
Vest BTC-PERP+0.0100%1h86,587.4+0.062%—$11.6M50xas long as short
Polymarket Perps BTC-USDlong+0.0100%1h86,534long leg$11.1M$13.6M50x
Bullet BTC-USD+0.0100%1h86,535+0.001%$193K$3.4M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,543.3+0.011%$2.4M$8.6M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,559+0.029%$140K$618K40xas long as short
Derive BTC-PERP+0.0100%1h86,535.2+0.001%$30.0M$61.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,527.8−0.007%$3.4M$5.5M100xas long as short
HTX BTC-USDT+0.0100%8h86,530.3−0.004%$2.30B$959.6M200xas long as short
Extended BTC-USD+0.0104%1h86,515.1−0.022%$46.4M$225.5M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,558.1+0.028%—$99.1M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,571.9+0.044%$131.6M$5.77B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,562.4+0.033%$191.3M$937.3M100xas long as short
BloFin BTC-USDT+0.0179%8h86,545.5+0.013%$415.3M$655.0M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0180% / S −0.0210%1h86,554.7+0.024%$15.0M—200xas long as short
Kalshi KXBTCPERP+0.0188%8h86,566+0.037%$9.5M$726.4M6.4xas long as short