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

BTC

all BTC markets
SwapBacktest
Alert: funding
Measured
My alerts

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
My alerts

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 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.021%
Price spread now: Polymarket Perps against Gate+0.017%7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$230.231% of the position
Long on GateShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days+0.102%+$10 on $10k
Price spread, last 7 days−0.013%−$1 · spread now +0.017%, 7d avg −0.008%
Together, before fees+0.089%+$9 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.025% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.008%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate BTC_USDT86,452.20.0100pay 0.0100% / 8h7h 56m$5.86B$10.42B200x
ShortPolymarket Perps BTC-USD86,4670.0100get 0.0013% / 1h56m 56s$11.1M$13.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Gate. 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: +0.017% → −0.008%
$2.54
Slippage, 4 orders
−$0.13
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$20.59
Costs to cover
0.231%
Break-even
never at this rate
Slippage from Gate: live order book, 2 min ago; Polymarket Perps: live order book, 2 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 Gate live order book, 2 min ago0.01 bp7.5 bp −$87.5 bp −$758.9 bp −$893doesn't fit
Sell Polymarket Perps live order book, 2 min ago0.06 bp4.1 bp −$44.3 bp −$436.7 bp −$673doesn'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−0.1481%1h86,487.5+0.041%$140K$664K40xas long as short
Phoenix BTC−0.0118%1h86,544+0.106%$2.2M$11.2M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,487+0.040%$9K$3K50xas long as short
01 Exchange BTCUSD−0.0032%1h86,492.8+0.047%$361K$2.4M50xas long as short
Perpl BTC0.0000%43m86,492+0.046%$413K$22.2M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,494.6+0.049%$37.0M—200xas long as short
dYdX BTC-USD+0.0013%1h86,503+0.059%$16.9M$21.2M50xas long as short
Aster BTCUSDT+0.0015%8h86,444.6−0.009%$501.4M$1.15B200xas long as short
Injective BTC/USDC PERP+0.0023%1h86,616+0.189%$333K$26.9M52xas long as short
KuCoin XBTUSDTM+0.0028%8h86,447.5−0.005%$834.3M$727.9M125xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit BTCUSDT+0.0039%8h86,451.5−0.001%$5.26B$9.77B150xas long as short
Reya BTCRUSDPERP+0.0039%1h86,467.9+0.018%$6.7M$145.7M40xas long as short
BingX BTC-USDT+0.0046%8h86,451−0.001%—$1.59B—as long as short
RISEx BTC/USDC+0.0052%1h86,506+0.062%$8.4M$42.8M25xas long as short
Bitget BTCUSDT+0.0058%8h86,449.5−0.003%$2.97B$5.11B150xas long as short
Deribit BTC-PERPETUAL+0.0059%1h86,483.2+0.036%$908.5M$1.50B50xas long as short
SoDEX BTC-USD+0.0071%1h86,439−0.015%$60.4M$338.1M40xas long as short
MEXC BTC_USDT+0.0076%8h86,443.3−0.010%$5.14B$5.64B500xas long as short
Binance BTCUSDT+0.0077%8h86,443.8−0.010%$9.43B$24.54B150xas long as short
Aevo BTC-PERP+0.0080%1h86,468.9+0.019%$2.5M$1.3M20xas long as short
Lighter BTC+0.0096%1h86,451.4−0.001%$170.2M$979.7M50xas long as short
Lighter RH BTC+0.0096%1h86,453.4+0.001%$23.7M$148.6M50xas long as short
Popdex BTCUSDT+0.0096%1h86,473+0.024%$8.4M$52.3M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,476+0.028%$201K$7.1M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,515.6+0.073%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,504.4+0.060%$22.1M$233.5M50xas long as short
Hyperliquid BTC+0.0100%1h86,526+0.085%$3.80B$5.11B40xas long as short
Pacifica BTC+0.0100%1h86,522.8+0.082%$40.8M$540.8M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,460.1+0.009%$2.55B$12.71B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,511+0.068%$3.9M$18.1M25xas long as short
Arcus BTC-USD+0.0100%1h86,525+0.084%$7.3M$96.7M40xas long as short
Bulk BTC-USD+0.0100%1h86,523.6+0.083%$572.9M$12.4M40xas long as short
Gate BTC_USDTlong+0.0100%8h86,452.2long leg$5.86B$10.42B200x
Backpack BTC_USDC_PERP+0.0100%1h86,438.2−0.016%$37.7M$156.1M75xas long as short
Variational Omni BTC+0.0100%8h86,554.4+0.118%$157.4M$568.6M—as long as short
edgeX BTCUSDC+0.0100%4h86,572.4+0.139%$279.6M$946.5M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,585.4+0.154%$217.4M$171.3M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,575+0.142%$141.8M$323.5M100xas long as short
StandX BTC-USD+0.0100%1h86,558+0.122%$30.7M$208.1M40xas long as short
Vest BTC-PERP+0.0100%1h86,533.5+0.094%—$11.9M50xas long as short
Polymarket Perps BTC-USDshort+0.0100%1h86,467+0.017%$11.1M$13.9M50x
Bullet BTC-USD+0.0100%1h86,472.4+0.023%$193K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,442.9−0.011%$2.5M$9.3M100xas long as short
Derive BTC-PERP+0.0100%1h86,480.6+0.033%$30.5M$62.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,486.5+0.040%$3.4M$5.3M100xas long as short
HTX BTC-USDT+0.0100%8h86,439.2−0.015%$2.29B$969.3M200xas long as short
Phemex BTCUSDT+0.0100%8h86,450.1−0.002%$152.9M$479.4M150xas long as short
Extended BTC-USD+0.0104%1h86,433.1−0.022%$45.8M$224.9M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,533.3+0.094%—$100.0M500xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,481.8+0.034%$132.4M$5.62B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,465.1+0.015%$193.1M$951.7M100xas long as short
Aftermath Perps BTCUSD+0.0163%1h86,556.4+0.120%$78K$219K20xas long as short
Hibachi BTC/USDT-P+0.0176%1h86,563.5+0.129%$716K$8.0M30xas long as short
BloFin BTC-USDT+0.0197%8h86,444.4−0.009%$414.8M$658.9M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0201% / S −0.0224%1h86,488+0.041%$14.9M—200xas long as short
Kalshi KXBTCPERP+0.0210%8h86,533+0.093%$9.2M$758.0M6.4xas long as short