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+0.0050%/8h= +5.5% APRpaid last 24h +0.020%
Price spread now: Polymarket Perps against BingX+0.011%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$180.183% of the position
Long on BingXShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days+0.089%+$9 on $10k
Price spread, last 7 days+0.016%+$2 · spread now +0.011%, 7d avg +0.030%
Together, before fees+0.105%+$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.030%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX BTC-USDC86,324.30.0050pay 0.0050% / 8h7h 35m—$15.3M—
ShortPolymarket Perps BTC-USD86,3340.0100get 0.0013% / 1h35m 23s$11.1M$14.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against BingX. 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
$10.58
Price spread: +0.011% → +0.030%
−$1.85
Slippage, 4 orders
−$0.26
Fee BingX: 5 bp × 2 orders
−$10
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$9.53
Costs to cover
0.183%
Break-even
13.3 days
Slippage from BingX: live order book, 3 min ago; Polymarket Perps: 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 BingX live order book, 3 min ago0.02 bp5.0 bp −$55.4 bp −$546.1 bp −$6097.4 bp −$3,690
Sell Polymarket Perps live order book, 4 min ago0.06 bp4.2 bp −$44.6 bp −$467.9 bp −$789doesn'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
Bluefin BTC-PERP−0.0645%1h86,350.4+0.030%$144K$666K40xas long as short
Phoenix BTC−0.0129%1h86,435+0.128%$2.2M$11.2M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,414+0.104%$9K$3K50xas long as short
01 Exchange BTCUSD−0.0032%1h86,349.5+0.029%$361K$2.4M50xas long as short
Perpl BTC0.0000%43m86,381.4+0.066%$497K$21.8M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,352+0.032%$36.9M—200xas long as short
Phemex BTCUSDT+0.0017%8h86,418.1+0.109%$154.0M$474.0M150xas long as short
Aster BTCUSDT+0.0021%8h86,353.2+0.033%$500.8M$1.14B200xas long as short
Injective BTC/USDC PERP+0.0023%1h86,430+0.122%$333K$26.9M52xas long as short
dYdX BTC-USD+0.0026%1h86,393.1+0.080%$16.9M$20.5M50xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin XBTUSDTM+0.0038%8h86,343.7+0.022%$830.4M$721.5M125xas long as short
Reya BTCRUSDPERP+0.0044%1h86,332.8+0.010%$6.7M$145.7M40xas long as short
BingX BTC-USDClong+0.0050%8h86,324.3long leg—$15.3M—
Deribit BTC-PERPETUAL+0.0052%1h86,375.9+0.060%$903.2M$1.51B50xas long as short
RISEx BTC/USDC+0.0052%1h86,347.1+0.026%$8.3M$42.5M25xas long as short
Bitget BTCUSDT+0.0062%8h86,332.3+0.009%$2.97B$5.04B150xas long as short
MEXC BTC_USDT+0.0077%8h86,328+0.004%$5.13B$5.69B500xas long as short
Binance BTCUSDT+0.0078%8h86,329.2+0.006%$9.40B$24.31B150xas long as short
Aevo BTC-PERP+0.0080%1h86,327.5+0.004%$2.5M$1.7M20xas long as short
Lighter BTC+0.0096%1h86,366.5+0.049%$170.4M$984.9M50xas long as short
Lighter RH BTC+0.0096%1h86,384.6+0.070%$23.7M$149.1M50xas long as short
Popdex BTCUSDT+0.0096%1h86,345+0.024%$8.4M$52.0M100xas long as short
SoDEX BTC-USD+0.0096%1h86,336+0.014%$60.4M$338.2M40xas long as short
Katana Perps BTC-USD+0.0100%8h86,325+0.001%$203K$7.2M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,395.6+0.083%$4.4M$8.6M50xas long as short
Nado BTC-PERP+0.0100%1h86,369.9+0.053%$22.0M$228.9M50xas long as short
Hyperliquid BTC+0.0100%1h86,401+0.089%$3.79B$4.99B40xas long as short
Pacifica BTC+0.0100%1h86,396.8+0.084%$40.7M$551.7M50xas long as short
Bybit BTCUSDT+0.0100%8h86,344.5+0.023%$5.25B$9.67B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,349.9+0.030%$2.56B$12.49B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,372+0.055%$3.9M$17.9M25xas long as short
Arcus BTC-USD+0.0100%1h86,383.8+0.069%$7.2M$95.0M40xas long as short
Bulk BTC-USD+0.0100%1h86,348+0.027%$573.1M$19.8M40xas long as short
Gate BTC_USDT+0.0100%8h86,337.3+0.015%$5.81B$10.53B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,409.3+0.098%$37.6M$155.5M75xas long as short
Variational Omni BTC+0.0100%8h86,400.1+0.088%$158.2M$561.5M—as long as short
edgeX BTCUSDC+0.0100%4h86,397.1+0.084%$279.1M$950.2M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,397.9+0.085%$217.0M$165.4M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,397.4+0.085%$141.7M$321.3M100xas long as short
StandX BTC-USD+0.0100%1h86,386.3+0.072%$30.7M$208.9M40xas long as short
Vest BTC-PERP+0.0100%1h86,395.5+0.083%—$11.8M50xas long as short
Polymarket Perps BTC-USDshort+0.0100%1h86,334+0.011%$11.1M$14.1M50x
Bullet BTC-USD+0.0100%1h86,333.7+0.011%$193K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,330.1+0.007%$2.4M$8.9M100xas long as short
Derive BTC-PERP+0.0100%1h86,365.3+0.047%$30.5M$58.9M15xas long as short
SunX BTC-USDT+0.0100%8h86,429+0.121%$3.4M$5.2M100xas long as short
HTX BTC-USDT+0.0100%8h86,395+0.082%$2.29B$964.8M200xas long as short
Extended BTC-USD+0.0104%1h86,326.2+0.002%$45.9M$222.2M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,351.4+0.031%—$98.8M500xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,462+0.160%$132.2M$5.44B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,367.6+0.050%$192.1M$941.6M100xas long as short
Hibachi BTC/USDT-P+0.0160%1h86,449.8+0.145%$711K$8.0M30xas long as short
Aftermath Perps BTCUSD+0.0165%1h86,412.6+0.102%$77K$217K20xas long as short
BloFin BTC-USDT+0.0197%8h86,425.1+0.117%$416.3M$648.1M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0204% / S −0.0218%1h86,346.6+0.026%$14.5M—200xas long as short
Kalshi KXBTCPERP+0.0210%8h86,455+0.151%$10.0M$761.6M6.4xas long as short