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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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+0.020%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$200.202% 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)+0.033%+$3 · spread now +0.020%, 7d avg +0.012%
Together, before fees+0.078%+$8 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX BTC-USDT86,338.10.0100pay 0.0100% / 8h23m 57s$3.4M$5.4M100x
ShortPolymarket Perps BTC-USD86,3550.0100get 0.0013% / 1h23m 57s$11.1M$13.9M50x

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: +0.020% → +0.012%
$0.79
Slippage, 4 orders
−$4.16
Fee SunX: 4 bp × 2 orders
−$8
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$19.37
Costs to cover
0.202%
Break-even
never at this rate
Slippage from SunX: live order book, 5 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, 5 min ago0.62 bp5.7 bp −$66.1 bp −$618.2 bp −$82410.9 bp −$5,462
Sell Polymarket Perps live order book, 5 min ago0.06 bp5.2 bp −$55.5 bp −$558.0 bp −$797doesn'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%1h86,430+0.106%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,369+0.036%$9K$3K50xas long as short
Injective BTC/USDC PERP−0.0035%1h86,568+0.266%$333K$26.8M52xas long as short
RISEx BTC/USDC−0.0024%1h86,380.6+0.049%$8.3M$42.8M25xas long as short
01 Exchange BTCUSD−0.0016%1h86,385.4+0.055%$359K$2.5M50xas long as short
Aster BTCUSDT−0.0001%8h86,341.1+0.004%$500.9M$1.15B200xas long as short
Perpl BTC0.0000%43m86,385.8+0.055%$414K$22.9M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,369.5+0.036%$36.8M—200xas long as short
KuCoin XBTUSDTM+0.0017%8h86,344.7+0.008%$849.2M$715.7M125xas long as short
Reya BTCRUSDPERP+0.0032%1h86,348.8+0.012%$6.7M$145.5M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDC+0.0042%8h86,325.2−0.015%—$15.4M—as long as short
Deribit BTC-PERPETUAL+0.0048%1h86,379.3+0.048%$914.5M$1.48B50xas long as short
Bitget BTCUSDT+0.0052%8h86,340.9+0.003%$2.96B$5.13B150xas long as short
Phemex BTCUSDT+0.0053%8h86,346.7+0.010%$150.2M$478.5M150xas long as short
dYdX BTC-USD+0.0062%1h86,399.5+0.071%$16.9M$21.2M50xas long as short
MEXC BTC_USDT+0.0069%8h86,348.3+0.012%$5.16B$5.67B500xas long as short
Binance BTCUSDT+0.0069%8h86,339.7+0.002%$9.41B$24.59B150xas long as short
Aevo BTC-PERP+0.0072%1h86,328.2−0.012%$2.4M$1.3M20xas long as short
Gate BTC_USDT+0.0080%8h86,335.6−0.003%$5.85B$10.78B200xas long as short
SoDEX BTC-USD+0.0087%1h86,336−0.002%$60.2M$338.0M40xas long as short
Lighter BTC+0.0096%1h86,347.1+0.010%$170.3M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h86,357.8+0.023%$23.9M$152.4M50xas long as short
Popdex BTCUSDT+0.0096%1h86,368+0.035%$8.4M$52.4M100xas long as short
Bybit BTCUSDT+0.0097%8h86,339.3+0.001%$5.25B$9.81B150xas long as short
Katana Perps BTC-USD+0.0100%8h86,356+0.021%$199K$7.1M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,421.2+0.096%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,418.9+0.094%$22.0M$234.5M50xas long as short
Hyperliquid BTC+0.0100%1h86,418+0.093%$3.79B$5.10B40xas long as short
Pacifica BTC+0.0100%1h86,415.4+0.090%$41.0M$529.8M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,347.5+0.011%$2.55B$12.72B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,395+0.066%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,416.3+0.091%$7.5M$95.3M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,330−0.009%$38.0M$156.2M75xas long as short
Variational Omni BTC+0.0100%8h86,405.8+0.078%$157.3M$568.1M—as long as short
edgeX BTCUSDC+0.0100%4h86,448.6+0.128%$279.2M$945.2M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,418.1+0.093%$217.0M$171.6M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,461.9+0.143%$141.4M$323.1M100xas long as short
StandX BTC-USD+0.0100%1h86,411+0.084%$30.6M$205.3M40xas long as short
Vest BTC-PERP+0.0100%1h86,415.6+0.090%—$11.9M50xas long as short
Polymarket Perps BTC-USDshort+0.0100%1h86,355+0.020%$11.1M$13.9M50x
Bullet BTC-USD+0.0100%1h86,354+0.018%$189K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,340.2+0.002%$2.4M$9.3M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,364.8+0.031%$140K$664K40xas long as short
Derive BTC-PERP+0.0100%1h86,375.6+0.043%$30.5M$62.6M15xas long as short
SunX BTC-USDTlong+0.0100%8h86,338.1long leg$3.4M$5.4M100x
HTX BTC-USDT+0.0100%8h86,329−0.011%$2.29B$969.6M200xas long as short
Bulk BTC-USD+0.0100%1h86,464.9+0.147%$572.1M$16.9M40xas long as short
Extended BTC-USD+0.0104%1h86,323.9−0.016%$45.6M$227.4M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,436+0.113%—$99.0M500xas long as short
Kraken Futures PF_XBTUSD+0.0110%1h86,368.8+0.036%$191.6M$955.5M100xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,393.6+0.064%$132.3M$5.64B50xas long as short
Aftermath Perps BTCUSD+0.0150%1h86,461.1+0.143%$78K$219K20xas long as short
Hibachi BTC/USDT-P+0.0184%1h86,443.5+0.122%$727K$8.0M30xas long as short
BloFin BTC-USDT+0.0189%8h86,399.8+0.071%$416.8M$658.1M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0196% / S −0.0219%1h86,364+0.030%$15.0M—200xas long as short
Kalshi KXBTCPERP+0.0206%8h86,402+0.074%$9.7M$748.6M6.4xas long as short