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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 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Polymarket Perps against SunX+0.004%50s7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$200.196% of the position
Long on SunXShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days+0.045%+$5 on $10k
Price spread, last 3 days (all we have)+0.048%+$5 · spread now +0.004%, 7d avg +0.012%
Together, before fees+0.094%+$9 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX BTC-USDT86,455.50.0100pay 0.0100% / 8h29m 27s$3.4M$5.4M100x
ShortPolymarket Perps BTC-USD86,4590.0100get 0.0013% / 1h29m 27s$11.1M$13.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against SunX. 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: +0.004% → +0.012%
−$0.77
Slippage, 4 orders
−$3.61
Fee SunX: 4 bp × 2 orders
−$8
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$20.37
Costs to cover
0.196%
Break-even
never at this rate
Slippage from SunX: live order book, 9 min ago; Polymarket Perps: live order book, 5 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 SunX live order book, 9 min ago0.73 bp5.9 bp −$66.6 bp −$668.9 bp −$887doesn't fit
Sell Polymarket Perps live order book, 5 min ago0.06 bp4.2 bp −$45.2 bp −$527.6 bp −$763doesn'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−0.0118%1h86,477+0.025%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,455−0.001%$9K$3K50xas long as short
Injective BTC/USDC PERP−0.0035%1h86,568+0.130%$333K$26.8M52xas long as short
RISEx BTC/USDC−0.0024%1h86,473.2+0.020%$8.3M$42.9M25xas long as short
01 Exchange BTCUSD−0.0016%1h86,488.3+0.038%$358K$2.5M50xas long as short
Aster BTCUSDT−0.0001%8h86,455−0.001%$501.7M$1.15B200xas long as short
Perpl BTC0.0000%43m86,478.3+0.026%$416K$23.1M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,497+0.048%$36.8M—200xas long as short
KuCoin XBTUSDTM+0.0017%8h86,464.4+0.010%$850.4M$715.5M125xas long as short
Reya BTCRUSDPERP+0.0031%1h86,456.6+0.001%$6.7M$145.5M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDT+0.0042%8h86,462+0.008%—$1.59B—as long as short
Deribit BTC-PERPETUAL+0.0049%1h86,505.9+0.058%$914.9M$1.48B50xas long as short
Phemex BTCUSDT+0.0050%8h86,476.3+0.024%$150.8M$478.7M150xas long as short
Bitget BTCUSDT+0.0052%8h86,454.5−0.001%$2.96B$5.13B150xas long as short
dYdX BTC-USD+0.0067%1h86,493.3+0.044%$16.9M$21.2M50xas long as short
Binance BTCUSDT+0.0070%8h86,456.8+0.002%$9.43B$24.57B150xas long as short
MEXC BTC_USDT+0.0070%8h86,457.1+0.002%$5.16B$5.66B500xas long as short
Aevo BTC-PERP+0.0072%1h86,473+0.020%$2.4M$1.3M20xas long as short
Gate BTC_USDT+0.0083%8h86,462.1+0.008%$5.87B$10.76B200xas long as short
SoDEX BTC-USD+0.0090%1h86,467+0.013%$60.5M$337.8M40xas long as short
Lighter BTC+0.0096%1h86,469.1+0.016%$170.3M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h86,476.2+0.024%$24.0M$152.1M50xas long as short
Popdex BTCUSDT+0.0096%1h86,462+0.008%$8.5M$52.4M100xas long as short
Bybit BTCUSDT+0.0098%8h86,459.3+0.004%$5.26B$9.81B150xas long as short
Katana Perps BTC-USD+0.0100%8h86,444−0.013%$200K$7.1M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,495.3+0.046%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,459.6+0.005%$21.9M$234.7M50xas long as short
Hyperliquid BTC+0.0100%1h86,535+0.092%$3.79B$5.11B40xas long as short
Pacifica BTC+0.0100%1h86,498.6+0.050%$41.1M$529.8M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,465.8+0.012%$2.55B$12.73B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,473+0.020%$3.9M$18.7M25xas long as short
Arcus BTC-USD+0.0100%1h86,503.5+0.056%$7.5M$95.2M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,462+0.008%$38.2M$155.7M75xas long as short
Variational Omni BTC+0.0100%8h86,474.8+0.022%$157.5M$568.1M—as long as short
edgeX BTCUSDC+0.0100%4h86,477.1+0.025%$279.3M$947.6M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,485.6+0.035%$217.2M$171.6M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,488.9+0.039%$141.4M$323.2M100xas long as short
StandX BTC-USD+0.0100%1h86,471+0.018%$30.7M$205.4M40xas long as short
Vest BTC-PERP+0.0100%1h86,507.1+0.060%—$11.9M50xas long as short
Polymarket Perps BTC-USDshort+0.0100%1h86,459+0.004%$11.1M$13.8M50x
Bullet BTC-USD+0.0100%1h86,484+0.033%$191K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,478.8+0.027%$2.4M$9.0M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,504.1+0.056%$140K$663K40xas long as short
Derive BTC-PERP+0.0100%1h86,512.8+0.066%$30.5M$62.6M15xas long as short
SunX BTC-USDTlong+0.0100%8h86,455.5long leg$3.4M$5.4M100x
HTX BTC-USDT+0.0100%8h86,461.1+0.006%$2.29B$969.6M200xas long as short
Bulk BTC-USD+0.0100%1h86,464.9+0.011%$572.1M$16.9M40xas long as short
Extended BTC-USD+0.0104%1h86,443.7−0.014%$45.5M$227.3M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,492.2+0.042%—$98.8M500xas long as short
Kraken Futures PF_XBTUSD+0.0110%1h86,495+0.046%$194.0M$952.3M100xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,512.1+0.065%$132.2M$5.66B50xas long as short
Aftermath Perps BTCUSD+0.0141%1h86,527.6+0.083%$79K$218K20xas long as short
Hibachi BTC/USDT-P+0.0184%1h86,500.8+0.052%$728K$8.1M30xas long as short
BloFin BTC-USDT+0.0191%8h86,467.5+0.014%$415.6M$658.4M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0195% / S −0.0217%1h86,492.7+0.043%$15.0M—200xas long as short
Kalshi KXBTCPERP+0.0208%8h86,498+0.049%$9.7M$746.1M6.4xas long as short