Funding you earn now, next payment 03:00 UTC+0.0140%/8h= +15.3% APRnext payment +$0.18 per $10,000 · paid last 24h +0.035%
Price spread now: Polymarket Perps against 01 Exchange+0.019%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−$17as in the Price arb table
costs, in and out, $10k−$190.193% of the position
Funding, last 4 days (all we have)+0.102%+$10 on $10k
+Price spread, last 7 days−0.031%−$3 · spread now +0.019%, 7d avg −0.007%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Polymarket Perps is 0.026% dearer against 01 Exchange than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.007%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange BTCUSD | 85,782.7 | −0.0040 | get 0.0005% / 1h | 16m 13s | $369K | $2.3M | 50x |
| Short | Polymarket Perps BTC-USD | 85,799 | 0.0100 | get 0.0013% / 1h | 16m 13s | $11.1M | $14.1M | 50x |
01 Exchange BTCUSD
Polymarket Perps BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against 01 Exchange. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
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: +0.019% → −0.007%
- $2.6
- Slippage, 4 orders
- −$4.28
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $12.73
- Costs to cover
- 0.193%
- Break-even
- 4.0 days
Slippage from 01 Exchange: live order book, 3 min ago; Polymarket Perps: live order book, 3 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy 01 Exchange live order book, 3 min ago | 0.10 bp | 5.7 bp −$6 | 10.6 bp −$106 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 3 min ago | 0.06 bp | 4.1 bp −$4 | 4.4 bp −$44 | 6.5 bp −$652 | doesn't fit |
BTC on 56 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.0785% | 1h | 85,850.8 | +0.079% | $197K | $722K | 40x | as long as short |
| Phoenix BTC | −0.0160% | 1h | 85,789 | +0.007% | $2.2M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,792 | +0.011% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSDlong | −0.0040% | 1h | 85,782.7 | long leg | $369K | $2.3M | 50x | |
| BloFin BTC-USDT | −0.0034% | 8h | 85,769.9 | −0.015% | $418.4M | $665.5M | 150x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,797.8 | +0.018% | $16.8M | $21.2M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,825.7 | +0.050% | $36.7M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0005% | 8h | 85,799.2 | +0.019% | $918.9M | $751.3M | 125x | as long as short |
| Nado BTC-PERP | +0.0010% | 1h | 85,787.6 | +0.006% | $22.7M | $219.6M | 50x | as long as short |
| Aster BTCUSDT | +0.0019% | 8h | 85,799.6 | +0.020% | $517.0M | $1.10B | 200x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Hotstuff BTC-PERP
BloFin BTC-USDT
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
Nado BTC-PERP
Aster BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0056% | 8h | 85,800.1 | +0.020% | — | $17.0M | — | as long as short |
| Bitget BTCUSDT | +0.0071% | 8h | 85,817.7 | +0.041% | $2.96B | $5.01B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0072% | 1h | 85,798.4 | +0.018% | $6.7M | $146.5M | 40x | as long as short |
| Phemex BTCUSDT | +0.0072% | 8h | 85,801.5 | +0.022% | $148.8M | $479.8M | 150x | as long as short |
| Injective BTC/USDC PERP | +0.0079% | 1h | 85,807 | +0.028% | $341K | $26.9M | 52x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,803.8 | +0.025% | $2.5M | $1.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0086% | 8h | 85,802.6 | +0.023% | $5.05B | $5.64B | 500x | as long as short |
| Binance BTCUSDT | +0.0087% | 8h | 85,806.1 | +0.027% | $9.36B | $23.87B | 150x | as long as short |
| HTX BTC-USDT | +0.0087% | 8h | 85,805.5 | +0.027% | $2.27B | $935.8M | 200x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,819.8 | +0.043% | $170.3M | $995.7M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,822.5 | +0.046% | $24.0M | $148.8M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,788 | +0.006% | $8.4M | $52.2M | 100x | as long as short |
| SoDEX BTC-USD | +0.0098% | 1h | 85,817 | +0.040% | $60.1M | $336.1M | 40x | as long as short |
| SunX BTC-USDT | +0.0098% | 8h | 85,769.7 | −0.015% | $2.9M | $6.1M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,817.7 | +0.041% | $3.8M | $8.2M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,754 | −0.033% | $198K | $7.8M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,869 | +0.101% | $3.75B | $4.98B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,811.9 | +0.034% | $40.2M | $577.3M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,808.5 | +0.030% | $5.34B | $9.57B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,807 | +0.028% | $2.58B | $12.11B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,755 | −0.032% | $3.9M | $18.0M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,754.5 | −0.033% | $6.8M | $97.5M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,818.8 | +0.042% | $5.56B | $10.55B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,773.9 | −0.010% | $35.2M | $173.3M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,772.2 | −0.012% | $155.9M | $551.3M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,731 | −0.060% | $280.0M | $921.5M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,760.8 | −0.026% | $215.4M | $166.0M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,808.4 | +0.030% | $140.4M | $314.6M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,760.8 | −0.025% | $30.3M | $209.4M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,833 | +0.059% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USDshort | +0.0100% | 1h | 85,799 | +0.019% | $11.1M | $14.1M | 50x | |
| Bullet BTC-USD | +0.0100% | 1h | 85,814 | +0.036% | $191K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,803.1 | +0.024% | $2.4M | $8.8M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,810.6 | +0.033% | $30.1M | $50.9M | 15x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,681.9 | −0.118% | $628.9M | $439.0M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,794.4 | +0.014% | $44.2M | $226.7M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,787.3 | +0.005% | — | $105.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,858.6 | +0.088% | $129.4M | $5.10B | 50x | as long as short |
| RISEx BTC/USDC | +0.0120% | 1h | 85,812.6 | +0.035% | $8.4M | $42.2M | 25x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0138% | 1h | 85,841.2 | +0.068% | $189.0M | $951.7M | 100x | as long as short |
| Deribit BTC-PERPETUAL | +0.0169% | 1h | 85,858.8 | +0.089% | $891.5M | $1.53B | 50x | as long as short |
| Aftermath Perps BTCUSD | +0.0199% | 1h | 85,776.7 | −0.007% | $78K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0200% | 1h | 85,800.6 | +0.021% | $703K | $7.8M | 30x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0202% / S −0.0178% | 1h | 85,820.5 | +0.044% | $13.6M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0218% | 8h | 85,821 | +0.045% | $10.6M | $758.0M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,800.1 | +0.020% | $509K | $19.3M | 6.7x | as long as short |
BingX BTC-USDC
Bitget BTCUSDT
Reya BTCRUSDPERP
Phemex BTCUSDT
Injective BTC/USDC PERP
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
HTX BTC-USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
SoDEX BTC-USD
SunX BTC-USDT
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Bullet BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
RISEx BTC/USDC
Kraken Futures PF_XBTUSD
Deribit BTC-PERPETUAL
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Perpl BTC