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: SunX against Polymarket Perps−0.013%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$180.178% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.046%−$5 on $10k
Price spread, last 4 days (all we have)−0.121%−$12 · spread now −0.013%, 7d avg −0.012%
Together, before fees−0.168%−$17 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps BTC-USD85,6940.0100pay 0.0013% / 1h7m 16s$11.1M$14.2M50x
ShortSunX BTC-USDT85,682.50.0100get 0.0100% / 8h5h 07m$2.9M$6.1M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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: −0.013% → −0.012%
−$0.18
Slippage, 4 orders
−$1.8
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee SunX: 4 bp × 2 orders
−$8
Net
−$17.98
Costs to cover
0.178%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 2 min ago; SunX: live order book, 12 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 Polymarket Perps live order book, 2 min ago0.06 bp4.1 bp −$44.9 bp −$497.6 bp −$763doesn't fit
Sell SunX live order book, 12 min ago0.38 bp4.4 bp −$45.3 bp −$538.1 bp −$81211.5 bp −$5,750

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−0.0510%1h85,740.8+0.055%$197K$722K40xas long as short
Phoenix BTC−0.0160%1h85,805+0.130%$2.2M$10.3M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,707+0.015%$8K$3K50xas long as short
01 Exchange BTCUSD−0.0040%1h85,694.40.000%$369K$2.3M50xas long as short
BloFin BTC-USDT−0.0032%8h85,764.5+0.082%$415.9M$666.1M150xas long as short
dYdX BTC-USD0.0000%1h85,713.3+0.022%$16.7M$21.2M50xas long as short
KuCoin XBTUSDTM+0.0003%8h85,673.4−0.024%$919.3M$751.5M125xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,717.2+0.027%$36.6M200xas long as short
Nado BTC-PERP+0.0016%1h85,692.8−0.001%$22.6M$219.5M50xas long as short
Aster BTCUSDT+0.0018%8h85,695.7+0.002%$516.4M$1.10B200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDT+0.0058%8h85,708.6+0.017%$1.53Bas long as short
Bitget BTCUSDT+0.0072%8h85,703.6+0.011%$2.96B$5.01B150xas long as short
Reya BTCRUSDPERP+0.0073%1h85,690.1−0.005%$6.7M$146.5M40xas long as short
Injective BTC/USDC PERP+0.0079%1h85,807+0.132%$341K$26.9M52xas long as short
Aevo BTC-PERP+0.0080%1h85,696.4+0.003%$2.5M$1.7M20xas long as short
MEXC BTC_USDT+0.0087%8h85,691.8−0.003%$5.07B$5.65B500xas long as short
Binance BTCUSDT+0.0088%8h85,702.6+0.010%$9.35B$23.92B150xas long as short
Phemex BTCUSDT+0.0090%8h85,729.2+0.041%$149.2M$480.4M150xas long as short
HTX BTC-USDT+0.0092%8h85,730.4+0.042%$2.27B$936.9M200xas long as short
SoDEX BTC-USD+0.0092%1h85,687−0.008%$60.0M$336.2M40xas long as short
Lighter BTC+0.0096%1h85,699.8+0.007%$174.6M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h85,694.5+0.001%$23.9M$149.6M50xas long as short
Popdex BTCUSDT+0.0096%1h85,693−0.001%$8.4M$52.3M100xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,736.6+0.050%$3.8M$8.3M50xas long as short
Katana Perps BTC-USD+0.0100%8h85,665−0.034%$199K$7.8M50xas long as short
Hyperliquid BTC+0.0100%1h85,764+0.082%$3.75B$4.96B40xas long as short
Pacifica BTC+0.0100%1h85,716.1+0.026%$40.1M$576.5M50xas long as short
Bybit BTCUSDT+0.0100%8h85,709.1+0.018%$5.33B$9.57B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,713.9+0.023%$2.58B$12.11B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,671−0.027%$3.9M$18.0M25xas long as short
Arcus BTC-USD+0.0100%1h85,671.3−0.026%$6.8M$97.6M40xas long as short
Bulk BTC-USD+0.0100%1h85,800.8+0.125%$635.6M$478.1M40xas long as short
Gate BTC_USDT+0.0100%8h85,712.1+0.021%$5.55B$10.57B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,706.4+0.014%$35.2M$173.5M75xas long as short
Variational Omni BTC+0.0100%8h85,777.2+0.097%$157.4M$555.4Mas long as short
edgeX BTCUSDC+0.0100%4h85,776.1+0.096%$280.2M$917.0M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,772.7+0.092%$215.4M$165.7M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,779.4+0.100%$140.2M$314.8M100xas long as short
StandX BTC-USD+0.0100%1h85,714.7+0.024%$30.3M$208.6M40xas long as short
Vest BTC-PERP+0.0100%1h85,745+0.059%$11.8M50xas long as short
Polymarket Perps BTC-USDlong+0.0100%1h85,694long leg$11.1M$14.2M50x
Bullet BTC-USD+0.0100%1h85,703.1+0.011%$192K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,700+0.007%$2.4M$8.8M100xas long as short
Derive BTC-PERP+0.0100%1h85,693.60.000%$30.0M$51.0M15xas long as short
SunX BTC-USDTshort+0.0100%8h85,682.5−0.013%$2.9M$6.1M100x
Extended BTC-USD+0.0104%1h85,672−0.026%$44.3M$226.7M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,693.90.000%$106.1M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h85,715.5+0.025%$123.5M$5.11B50xas long as short
RISEx BTC/USDC+0.0120%1h85,725+0.036%$8.4M$42.3M25xas long as short
Kraken Futures PF_XBTUSD+0.0138%1h85,710.9+0.020%$189.2M$953.1M100xas long as short
Deribit BTC-PERPETUAL+0.0153%1h85,732.8+0.045%$891.5M$1.53B50xas long as short
Hibachi BTC/USDT-P+0.0192%1h85,753.2+0.069%$703K$7.8M30xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0202% / S −0.0177%1h85,708.2+0.017%$13.5M200xas long as short
Aftermath Perps BTCUSD+0.0206%1h85,772+0.091%$78K$219K20xas long as short
Kalshi KXBTCPERP+0.0220%8h85,764+0.082%$10.6M$758.6M6.4xas long as short
Perpl BTC+0.0447%43m85,719.3+0.030%$501K$19.2M6.7xas long as short