Funding you earn now, next payment 23:29 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.043%
Price spread now: Polymarket Perps against Perpl−0.012%7-day average −0.028% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.269%−$27 on $10k
+Price spread, last 7 days−0.097%−$10 · spread now −0.012%, 7d avg −0.028%
=Together, before fees−0.367%+ Points / potential airdropPerpl: Active · farm board−$37 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.028%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.269%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Perpl BTC | 86,361.4 | 0 | get 0.0000% / 43m | 19m 04s | $414K | $22.9M | 6.7x |
| Short | Polymarket Perps BTC-USD | 86,351 | 0.0100 | get 0.0013% / 1h | 23m 04s | $11.1M | $13.9M | 50x |
Perpl BTC
Polymarket Perps BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Perpl. 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
- $21
- Price spread: −0.012% → −0.028%
- $1.56
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $0.76
- Costs to cover
- 0.218%
- Break-even
- 6.7 days
Slippage unknown: Perpl: no order-book sample; Polymarket Perps: live order book, 6 min ago. Net counts fees only.
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 Perpl no order-book sample | — | — | — | — | — |
| Sell Polymarket Perps live order book, 6 min ago | 0.06 bp | 5.2 bp −$5 | 5.5 bp −$55 | 8.0 bp −$797 | doesn't fit |
Perpl: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0118% | 1h | 86,430 | +0.079% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,330 | −0.036% | $9K | $3K | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0035% | 1h | 86,345 | −0.019% | $332K | $26.9M | 52x | as long as short |
| RISEx BTC/USDC | −0.0024% | 1h | 86,347.8 | −0.016% | $8.3M | $42.8M | 25x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 86,344.4 | −0.020% | $358K | $2.5M | 50x | as long as short |
| Aster BTCUSDT | −0.0001% | 8h | 86,365.7 | +0.005% | $501.1M | $1.15B | 200x | as long as short |
| Perpl BTClong | 0.0000% | 43m | 86,361.4 | long leg | $414K | $22.9M | 6.7x | |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,376.4 | +0.017% | $36.8M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0017% | 8h | 86,364.1 | +0.003% | $849.4M | $715.6M | 125x | as long as short |
| Reya BTCRUSDPERP | +0.0032% | 1h | 86,350.5 | −0.013% | $6.7M | $145.5M | 40x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
Injective BTC/USDC PERP
RISEx BTC/USDC
01 Exchange BTCUSD
Aster BTCUSDT
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
Reya BTCRUSDPERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0042% | 8h | 86,351 | −0.012% | — | $15.4M | — | as long as short |
| Bitget BTCUSDT | +0.0052% | 8h | 86,363.5 | +0.002% | $2.96B | $5.13B | 150x | as long as short |
| Phemex BTCUSDT | +0.0054% | 8h | 86,375.2 | +0.016% | $150.3M | $478.5M | 150x | as long as short |
| dYdX BTC-USD | +0.0060% | 1h | 86,355.1 | −0.007% | $16.9M | $21.2M | 50x | as long as short |
| Binance BTCUSDT | +0.0069% | 8h | 86,366.3 | +0.006% | $9.42B | $24.59B | 150x | as long as short |
| MEXC BTC_USDT | +0.0069% | 8h | 86,367.2 | +0.007% | $5.16B | $5.67B | 500x | as long as short |
| Aevo BTC-PERP | +0.0072% | 1h | 86,358.4 | −0.003% | $2.4M | $1.3M | 20x | as long as short |
| Deribit BTC-PERPETUAL | +0.0072% | 1h | 86,409.2 | +0.055% | $914.2M | $1.48B | 50x | as long as short |
| Gate BTC_USDT | +0.0080% | 8h | 86,365.9 | +0.005% | $5.85B | $10.78B | 200x | as long as short |
| SoDEX BTC-USD | +0.0087% | 1h | 86,365 | +0.004% | $60.3M | $338.0M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,379.1 | +0.020% | $170.2M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,387.2 | +0.030% | $23.9M | $152.4M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,332 | −0.034% | $8.4M | $52.4M | 100x | as long as short |
| Bybit BTCUSDT | +0.0097% | 8h | 86,369.6 | +0.009% | $5.26B | $9.81B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,320 | −0.048% | $199K | $7.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,378.8 | +0.020% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,348.3 | −0.015% | $21.9M | $234.5M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,445 | +0.097% | $3.79B | $5.10B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,386.5 | +0.029% | $41.0M | $529.8M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,375.2 | +0.016% | $2.55B | $12.73B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,346 | −0.018% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,380.4 | +0.022% | $7.5M | $95.3M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,365.6 | +0.005% | $37.9M | $156.7M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,405.8 | +0.051% | $157.3M | $568.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,374.1 | +0.015% | $279.0M | $945.8M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,418.1 | +0.066% | $217.0M | $171.6M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,375.3 | +0.016% | $141.3M | $323.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,402.1 | +0.047% | $30.6M | $205.2M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,390.7 | +0.034% | — | $11.9M | 50x | as long as short |
| Polymarket Perps BTC-USDshort | +0.0100% | 1h | 86,351 | −0.012% | $11.1M | $13.9M | 50x | |
| Bullet BTC-USD | +0.0100% | 1h | 86,359 | −0.003% | $189K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,361 | 0.000% | $2.4M | $9.4M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,396.7 | +0.041% | $140K | $664K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,401.3 | +0.046% | $30.5M | $62.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,321.1 | −0.047% | $3.4M | $5.4M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,352.6 | −0.010% | $2.29B | $969.7M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,464.9 | +0.120% | $572.1M | $16.9M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,349.6 | −0.014% | $45.5M | $227.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,355.4 | −0.007% | — | $99.0M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0110% | 1h | 86,399.5 | +0.044% | $191.7M | $955.4M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,417 | +0.064% | $132.3M | $5.65B | 50x | as long as short |
| Aftermath Perps BTCUSD | +0.0152% | 1h | 86,442.9 | +0.094% | $78K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0184% | 1h | 86,386.3 | +0.029% | $727K | $8.0M | 30x | as long as short |
| BloFin BTC-USDT | +0.0189% | 8h | 86,365.3 | +0.005% | $416.7M | $657.9M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0196% / S −0.0219% | 1h | 86,368.4 | +0.008% | $15.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0206% | 8h | 86,377 | +0.018% | $9.7M | $749.3M | 6.4x | as long as short |
BingX BTC-USDC
Bitget BTCUSDT
Phemex BTCUSDT
dYdX BTC-USD
Binance BTCUSDT
MEXC BTC_USDT
Aevo BTC-PERP
Deribit BTC-PERPETUAL
Gate BTC_USDT
SoDEX BTC-USD
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Bybit BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
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
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Coinbase International BTC-PERP-INTX
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP