Settings8H · net · $10k
Funding arb · Price arb /

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Variational Omni against Polymarket Perps+0.001%7-day average +0.002% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.005%−$1 on $10k
Price spread, last 7 days−0.020%−$2 · spread now +0.001%, 7d avg +0.002%
Together, before fees−0.026%+ Points / potential airdropVariational Omni: Active · farm board−$3 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps BTC-USD85,8060.0100pay 0.0013% / 1h11m 29s$11.1M$14.1M50x
ShortVariational Omni BTC85,806.60.0100get 0.0100% / 8h5h 11m$157.6M$550.1M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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
$0
Price spread: +0.001% → +0.002%
−$0.13
Slippage, 4 orders
no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$8.13
Costs to cover
0.080%
Break-even
never at this rate
Slippage unknown: Polymarket Perps: live order book, 3 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.

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, 3 min ago0.06 bp4.1 bp −$45.4 bp −$547.9 bp −$793doesn't fit
Sell Variational Omni RFQ quote, 3 min ago0.67 bpdoesn't fit1.0 bp −$102.6 bp −$263doesn'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−0.0618%1h85,862.9+0.066%$197K$721K40xas long as short
Phoenix BTC−0.0160%1h85,728−0.091%$2.2M$10.3M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,786−0.023%$8K$3K50xas long as short
01 Exchange BTCUSD−0.0040%1h85,806.8+0.001%$369K$2.3M50xas long as short
BloFin BTC-USDT−0.0032%8h85,743.9−0.072%$417.6M$665.4M150xas long as short
dYdX BTC-USD0.0000%1h85,797.2−0.010%$16.8M$21.2M50xas long as short
KuCoin XBTUSDTM+0.0004%8h85,794.9−0.013%$920.1M$751.4M125xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,824.8+0.022%$36.7M200xas long as short
Nado BTC-PERP+0.0013%1h85,803.4−0.003%$22.6M$219.5M50xas long as short
Aster BTCUSDT+0.0019%8h85,800−0.007%$516.9M$1.10B200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDT+0.0057%8h85,812.3+0.007%$1.53Bas long as short
Bitget BTCUSDT+0.0072%8h85,808.5+0.003%$2.96B$5.01B150xas long as short
Reya BTCRUSDPERP+0.0073%1h85,801.8−0.005%$6.7M$146.5M40xas long as short
Injective BTC/USDC PERP+0.0079%1h85,807+0.001%$341K$26.9M52xas long as short
Phemex BTCUSDT+0.0080%8h85,735.3−0.082%$148.9M$480.0M150xas long as short
Aevo BTC-PERP+0.0080%1h85,739.2−0.078%$2.5M$1.7M20xas long as short
MEXC BTC_USDT+0.0087%8h85,808+0.002%$5.08B$5.65B500xas long as short
Binance BTCUSDT+0.0087%8h85,807.9+0.002%$9.36B$23.87B150xas long as short
HTX BTC-USDT+0.0090%8h85,743.7−0.073%$2.27B$935.9M200xas long as short
SoDEX BTC-USD+0.0093%1h85,744−0.072%$60.0M$336.2M40xas long as short
Lighter BTC+0.0096%1h85,795.1−0.013%$175.0M$1.00B50xas long as short
Lighter RH BTC+0.0096%1h85,779.3−0.031%$23.9M$149.4M50xas long as short
Popdex BTCUSDT+0.0096%1h85,803−0.003%$8.4M$52.2M100xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,819.3+0.015%$3.8M$8.3M50xas long as short
Katana Perps BTC-USD+0.0100%8h85,779−0.031%$198K$7.8M50xas long as short
Hyperliquid BTC+0.0100%1h85,887.6+0.095%$3.75B$4.98B40xas long as short
Pacifica BTC+0.0100%1h85,819.9+0.016%$40.2M$577.3M50xas long as short
Bybit BTCUSDT+0.0100%8h85,821.5+0.018%$5.34B$9.57B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,829.9+0.028%$2.58B$12.12B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,774−0.037%$3.9M$18.0M25xas long as short
Arcus BTC-USD+0.0100%1h85,783.5−0.026%$6.8M$97.5M40xas long as short
Bulk BTC-USD+0.0100%1h85,800.8−0.006%$635.6M$478.1M40xas long as short
Gate BTC_USDT+0.0100%8h85,819.1+0.015%$5.56B$10.56B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,740.3−0.077%$35.3M$172.9M75xas long as short
Variational Omni BTCshort+0.0100%8h85,806.6+0.001%$157.6M$550.1M
edgeX BTCUSDC+0.0100%4h85,749.7−0.066%$280.1M$916.3M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,776.3−0.035%$215.4M$165.9M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,774.1−0.037%$140.3M$314.6M100xas long as short
StandX BTC-USD+0.0100%1h85,752.8−0.062%$30.3M$208.9M40xas long as short
Vest BTC-PERP+0.0100%1h85,843.8+0.044%$11.8M50xas long as short
Polymarket Perps BTC-USDlong+0.0100%1h85,806long leg$11.1M$14.1M50x
Bullet BTC-USD+0.0100%1h85,810+0.005%$193K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,808.7+0.003%$2.4M$8.8M100xas long as short
Derive BTC-PERP+0.0100%1h85,740.7−0.076%$30.0M$50.9M15xas long as short
SunX BTC-USDT+0.0100%8h85,735.2−0.083%$2.9M$6.1M100xas long as short
Extended BTC-USD+0.0104%1h85,768.5−0.044%$44.2M$226.7M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,759.1−0.055%$105.9M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h85,777.9−0.033%$126.5M$5.10B50xas long as short
RISEx BTC/USDC+0.0120%1h85,833.1+0.032%$8.4M$42.2M25xas long as short
Deribit BTC-PERPETUAL+0.0126%1h85,785.1−0.024%$891.6M$1.53B50xas long as short
Kraken Futures PF_XBTUSD+0.0138%1h85,766.7−0.046%$189.3M$952.5M100xas long as short
Hibachi BTC/USDT-P+0.0192%1h85,792−0.016%$704K$7.8M30xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0202% / S −0.0178%1h85,818.7+0.015%$13.6M200xas long as short
Aftermath Perps BTCUSD+0.0203%1h85,796.9−0.011%$78K$219K20xas long as short
Kalshi KXBTCPERP+0.0219%8h85,783−0.027%$10.6M$758.1M6.4xas long as short
Perpl BTC+0.0447%43m85,801.9−0.005%$503K$19.3M6.7xas long as short