data as of
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Funding arb /

BTC

all BTC markets
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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 spread now, next payment 16:00 UTC+0.0188%/8h
next payment, per $10,000+$0.23paid, last 24h+0.030%paid, last 3 days+0.198%to open and close $10k−$23
Long on 01 ExchangeShort on Polymarket Perps
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange BTCUSD86,275.9−0.0088get 0.0011% / 1h46m 03s$283K$2.4M50x
ShortPolymarket Perps BTC-USD86,2950.0100get 0.0013% / 1h46m 03s$11.0M$11.5M50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$39.48
Slippage, 4 orders
−$7.66
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
$16.82
Break-even
4.0 days
Slippage from 01 Exchange: live order book, 5 min ago; Polymarket Perps: live order book, 5 min ago.

Price risk

price view
Price gap now
+0.022%
Avg gap 7d
−0.008%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy 01 Exchange live order book, 5 min ago0.01 bp6.3 bp −$615.9 bp −$159doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 5 min ago0.70 bp5.0 bp −$55.4 bp −$548.5 bp −$848doesn't fit

BTC on 55 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Perpl BTC−0.0223%43m$443K$30.1M6.7xas long as short
edgeX BTCUSDC−0.0091%4h$278.7M$860.1M100xas long as short
01 Exchange BTCUSDlong−0.0088%1h$283K$2.4M50x
Phoenix BTC−0.0086%1h$2.0M$10.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h$9K$3K50xas long as short
Aftermath Perps BTCUSD−0.0077%1h$87K$154K20xas long as short
Reya BTCRUSDPERP−0.0024%1h$6.8M$137.6M40xas long as short
Phemex BTCUSDT−0.0021%8h$157.8M$397.0M150xas long as short
Gate BTC_USDT−0.0009%8h$6.16B$9.22B200xas long as short
Bitget BTCUSDT−0.0005%8h$2.96B$4.62B150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
BingX BTC-USDT−0.0005%8h—$1.37B—as long as short
dYdX BTC-USD0.0000%1h$16.9M$16.4M50xas long as short
BloFin BTC-USDT0.0000%8h$427.3M$537.1M150xas long as short
ApeX Omni BTCUSDT+0.0002%1h$139.3M$318.5M100xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h$37.0M—200xas long as short
OKX BTC-USDT-SWAP+0.0034%8h$2.63B$11.49B100xas long as short
Aster BTCUSDT+0.0050%8h$490.1M$1.11B200xas long as short
KuCoin XBTUSDTM+0.0050%8h$792.8M$614.3M125xas long as short
HTX BTC-USDT+0.0057%8h$2.31B$824.5M200xas long as short
SoDEX BTC-USD+0.0065%1h$61.2M$283.3M40xas long as short
Kraken Futures PF_XBTUSD+0.0071%1h$184.0M$802.5M100xas long as short
Binance BTCUSDT+0.0079%8h$9.61B$21.31B150xas long as short
MEXC BTC_USDT+0.0079%8h$5.03B$4.98B500xas long as short
Aevo BTC-PERP+0.0080%1h$2.4M$1.6M20xas long as short
Paradex BTC-USD-PERP+0.0082%8h$4.4M$6.6M50xas long as short
Lighter BTC+0.0096%1h$172.0M$909.9M50xas long as short
Lighter RH BTC+0.0096%1h$25.0M$136.4M50xas long as short
Popdex BTCUSDT+0.0096%1h$8.5M$44.7M100xas long as short
Katana Perps BTC-USD+0.0100%8h$191K$5.4M50xas long as short
Nado BTC-PERP+0.0100%1h$23.6M$230.1M50xas long as short
Pacifica BTC+0.0100%1h$37.2M$342.8M50xas long as short
Bybit BTCUSDT+0.0100%8h$5.15B$8.38B150xas long as short
Ondo Perps BTC-USD.P+0.0100%1h$3.9M$16.2M25xas long as short
Arcus BTC-USD+0.0100%1h$5.4M$81.6M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h$39.4M$103.5M75xas long as short
Variational Omni BTC+0.0100%8h$172.0M$502.1M—as long as short
StandX BTC-USD+0.0100%1h$30.7M$238.8M40xas long as short
Vest BTC-PERP+0.0100%1h—$12.6M50xas long as short
Polymarket Perps BTC-USDshort+0.0100%1h$11.0M$11.5M50x
Bullet BTC-USD+0.0100%1h$244K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h$2.4M$7.1M100xas long as short
Bluefin BTC-PERP+0.0100%1h$144K$405K40xas long as short
Derive BTC-PERP+0.0100%1h$30.3M$58.1M15xas long as short
SunX BTC-USDT+0.0100%8h$3.4M$5.8M100xas long as short
Bulk BTC-USD+0.0100%1h$547.8M$93.7M40xas long as short
Extended BTC-USD+0.0104%1h$48.3M$207.9M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h—$87.9M500xas long as short
Coinbase International BTC-PERP-INTX+0.0104%1h$150.7M$6.25B50xas long as short
Injective BTC/USDC PERP+0.0108%1h$305K$27.0M52xas long as short
Kalshi KXBTCPERP+0.0110%8h$10.2M$555.1M6.4xas long as short
RISEx BTC/USDC+0.0128%1h$8.5M$38.6M25xas long as short
Hibachi BTC/USDT-P+0.0152%1h$627K$7.3M30xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0198% / S −0.0176%1h$12.6M—200xas long as short
Deribit BTC-PERPETUAL+0.0292%1h$883.4M$1.03B50xas long as short
Hyperliquid BTC+0.0304%1h$3.93B$4.32B40xas long as short