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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Funding you earn now, next payment 01:00 UTC−0.0140%/8h= −15.3% APRnext payment −$0.18 per $10,000 · paid last 24h −0.034%
Price spread now: 01 Exchange against Polymarket Perps+0.003%7-day average +0.007% · 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−$22as in the Price arb table
costs, in and out, $10k−$210.215% of the position
Long on Polymarket PerpsShort on 01 Exchange
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.098%−$10 on $10k
Price spread, last 7 days+0.015%+$2 · spread now +0.003%, 7d avg +0.007%
Together, before fees−0.083%−$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps BTC-USD86,2630.0100pay 0.0013% / 1h13m 20s$11.1M$14.0M50x
Short01 Exchange BTCUSD86,265.3−0.0040pay 0.0005% / 1h13m 20s$364K$2.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$29.4
Price spread: +0.003% → +0.007%
−$0.45
Slippage, 4 orders
−$6.45
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$51.3
Costs to cover
0.215%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 6 min ago; 01 Exchange: live order book, 1 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 ago1.57 bp5.6 bp −$66.0 bp −$609.9 bp −$991doesn't fit
Sell 01 Exchange live order book, 1 min ago0.01 bp5.9 bp −$69.7 bp −$97doesn't fitdoesn'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−0.0129%1h86,372+0.126%$2.2M$11.2M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,277+0.016%$9K$3K50xas long as short
01 Exchange BTCUSDshort−0.0040%1h86,265.3+0.003%$364K$2.3M50x
Bluefin BTC-PERP−0.0017%1h86,306.6+0.051%$144K$667K40xas long as short
Perpl BTC0.0000%43m86,304.7+0.048%$570K$21.2M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h86,294.3+0.036%$36.9M—200xas long as short
Injective BTC/USDC PERP+0.0023%1h86,365+0.118%$343K$26.9M52xas long as short
dYdX BTC-USD+0.0027%1h86,318.1+0.064%$16.9M$20.5M50xas long as short
Aster BTCUSDT+0.0033%8h86,298.7+0.041%$500.2M$1.13B200xas long as short
KuCoin XBTUSDTM+0.0043%8h86,265.3+0.003%$830.4M$716.6M125xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0048%1h86,257.1−0.007%$6.7M$145.8M40xas long as short
BingX BTC-USDC+0.0051%8h86,275.2+0.014%—$15.3M—as long as short
RISEx BTC/USDC+0.0052%1h86,274.4+0.013%$8.3M$42.4M25xas long as short
Bitget BTCUSDT+0.0065%8h86,278.1+0.018%$2.97B$5.04B150xas long as short
Aevo BTC-PERP+0.0080%1h86,265.3+0.003%$2.5M$1.8M20xas long as short
SoDEX BTC-USD+0.0080%1h86,268+0.006%$60.4M$338.2M40xas long as short
MEXC BTC_USDT+0.0084%8h86,260.6−0.003%$5.10B$5.75B500xas long as short
Binance BTCUSDT+0.0084%8h86,271.5+0.010%$9.40B$24.22B150xas long as short
Phemex BTCUSDT+0.0094%8h86,353+0.104%$155.4M$473.0M150xas long as short
Lighter BTC+0.0096%1h86,299.7+0.043%$170.4M$992.2M50xas long as short
Lighter RH BTC+0.0096%1h86,306.9+0.051%$23.6M$151.9M50xas long as short
Popdex BTCUSDT+0.0096%1h86,258−0.006%$8.4M$52.0M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,238−0.029%$191K$7.3M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,298.1+0.041%$4.2M$8.6M50xas long as short
Nado BTC-PERP+0.0100%1h86,290.1+0.031%$22.0M$226.2M50xas long as short
Hyperliquid BTC+0.0100%1h86,328+0.075%$3.78B$4.99B40xas long as short
Pacifica BTC+0.0100%1h86,317.9+0.064%$40.6M$558.6M50xas long as short
Bybit BTCUSDT+0.0100%8h86,282.4+0.022%$5.25B$9.64B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,285.9+0.027%$2.56B$12.45B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,277+0.016%$3.9M$17.8M25xas long as short
Arcus BTC-USD+0.0100%1h86,293.7+0.036%$7.2M$94.9M40xas long as short
Bulk BTC-USD+0.0100%1h86,145.7−0.136%$580.3M$59.0M40xas long as short
Gate BTC_USDT+0.0100%8h86,280.2+0.020%$5.77B$10.62B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,360+0.112%$35.6M$160.9M75xas long as short
Variational Omni BTC+0.0100%8h86,226.1−0.043%$156.7M$559.2M—as long as short
edgeX BTCUSDC+0.0100%4h86,254.8−0.010%$278.6M$953.7M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,292.2+0.034%$216.6M$165.6M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,290.3+0.032%$141.4M$320.5M100xas long as short
StandX BTC-USD+0.0100%1h86,313.4+0.058%$30.6M$208.3M40xas long as short
Vest BTC-PERP+0.0100%1h86,323.9+0.071%—$11.8M50xas long as short
Polymarket Perps BTC-USDlong+0.0100%1h86,263long leg$11.1M$14.0M50x
Bullet BTC-USD+0.0100%1h86,274+0.013%$191K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,272+0.010%$2.4M$9.1M100xas long as short
Derive BTC-PERP+0.0100%1h86,293.7+0.036%$30.3M$56.7M15xas long as short
SunX BTC-USDT+0.0100%8h86,243.3−0.023%$3.3M$5.4M100xas long as short
HTX BTC-USDT+0.0100%8h86,325+0.072%$2.29B$958.7M200xas long as short
Extended BTC-USD+0.0104%1h86,259.4−0.004%$46.0M$222.5M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,362.5+0.115%—$99.1M500xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,292+0.034%$132.3M$5.30B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,283.2+0.023%$191.8M$947.3M100xas long as short
Hibachi BTC/USDT-P+0.0160%1h86,317.2+0.063%$713K$7.9M30xas long as short
Deribit BTC-PERPETUAL+0.0167%1h86,322.7+0.069%$902.3M$1.51B50xas long as short
Aftermath Perps BTCUSD+0.0168%1h86,309.4+0.054%$77K$217K20xas long as short
BloFin BTC-USDT+0.0204%8h86,297+0.039%$416.1M$641.9M150xas long as short
Kalshi KXBTCPERP+0.0205%8h86,354+0.105%$10.6M$765.7M6.4xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0207% / S −0.0222%1h86,287.8+0.029%$14.5M—200xas long as short