BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h +0.007%

Price spread now: Polymarket Perps against RISEx−0.014%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$150.154% of the position

Long on RISEx Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.016%+$2 on $10k

Price spread, last 7 days−0.010%−$1 · spread now −0.014%, 7d avg −0.018%

Together, before fees+0.007%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.018%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BTC/USDC	85,659	0.0044	pay 0.0006% / 1h	19m 24s	$8.1M	$42.1M	25x
Short	Polymarket Perps BTC-USD	85,647	0.0100	get 0.0013% / 1h	19m 24s	$11.0M	$14.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against RISEx. 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

Position, each leg$Hold fordaysFee RISExbpFee Polymarket PerpsbpOrdersPrice spread, now −0.014%Rate

Funding earned: $11.74
Price spread: −0.014% → −0.018%: $0.44
Slippage, 4 orders: −$1.39
Fee RISEx: 3 bp × 2 orders: −$6
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$3.21
Costs to cover: 0.154%
Break-even: 8.9 days

Slippage from RISEx: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy RISEx live order book, 5 min ago	0.01 bp	3.8 bp −$4	3.8 bp −$38	10.4 bp −$1,037	doesn't fit
Sell Polymarket Perps live order book, 5 min ago	0.06 bp	4.1 bp −$4	5.2 bp −$52	8.2 bp −$824	doesn't fit

BTC on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix BTC	−0.0144%	1h	85,785	+0.147%	$2.2M	$10.5M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,657	−0.002%	$8K	$3K	50x	as long as short
01 Exchange BTCUSD	−0.0064%	1h	85,632.6	−0.031%	$365K	$2.3M	50x	as long as short
dYdX BTC-USD	+0.0002%	1h	85,641.5	−0.020%	$16.7M	$21.0M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,652.9	−0.007%	$36.7M	—	200x	as long as short
Injective BTC/USDC PERP	+0.0020%	1h	85,691	+0.037%	$340K	$26.9M	52x	as long as short
KuCoin XBTUSDTM	+0.0031%	8h	85,618.7	−0.047%	$901.1M	$754.2M	125x	as long as short
Aster BTCUSDT	+0.0036%	8h	85,632.4	−0.031%	$515.8M	$1.14B	200x	as long as short
RISEx BTC/USDClong	+0.0044%	1h	85,659	long leg	$8.1M	$42.1M	25x
Nado BTC-PERP	+0.0049%	1h	85,635.3	−0.028%	$22.6M	$227.5M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BTC-USDC	+0.0056%	8h	85,620.7	−0.045%	—	$17.1M	—	as long as short
Reya BTCRUSDPERP	+0.0059%	1h	85,648.7	−0.012%	$6.7M	$146.3M	40x	as long as short
Bitget BTCUSDT	+0.0069%	8h	85,649.9	−0.011%	$2.95B	$5.08B	150x	as long as short
HTX BTC-USDT	+0.0073%	8h	85,600.1	−0.069%	$2.27B	$947.4M	200x	as long as short
ApeX Omni BTCUSDT	+0.0086%	1h	85,712.3	+0.062%	$140.1M	$318.2M	100x	as long as short
Binance BTCUSDT	+0.0092%	8h	85,637.2	−0.025%	$9.33B	$24.30B	150x	as long as short
MEXC BTC_USDT	+0.0093%	8h	85,632.8	−0.031%	$5.08B	$5.74B	500x	as long as short
Lighter BTC	+0.0096%	1h	85,644.2	−0.017%	$170.3M	$992.0M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,653.9	−0.006%	$23.5M	$147.6M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,634	−0.029%	$8.4M	$51.8M	100x	as long as short
Aevo BTC-PERP	+0.0096%	1h	85,598.6	−0.070%	$2.5M	$1.8M	20x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,609	−0.058%	$202K	$7.5M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,607.7	−0.060%	$3.8M	$8.4M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,710	+0.060%	$3.76B	$4.98B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,668.1	+0.011%	$40.8M	$571.9M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,662.3	+0.004%	$5.30B	$9.74B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,658.3	−0.001%	$2.54B	$12.34B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,645	−0.016%	$3.9M	$18.3M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,602.7	−0.066%	$7.2M	$97.6M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,744.8	+0.100%	$590.5M	$195.3M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,647.5	−0.013%	$5.59B	$10.56B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,621.1	−0.044%	$35.3M	$164.9M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,688	+0.034%	$156.6M	$555.8M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,709.8	+0.059%	$278.8M	$940.8M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,761.2	+0.119%	$215.2M	$166.3M	50x	as long as short
StandX BTC-USD	+0.0100%	1h	85,664.6	+0.007%	$30.3M	$208.7M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,703.3	+0.052%	—	$11.8M	50x	as long as short
Polymarket Perps BTC-USDshort	+0.0100%	1h	85,647	−0.014%	$11.0M	$14.3M	50x
Bullet BTC-USD	+0.0100%	1h	85,634.9	−0.028%	$188K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,644.7	−0.017%	$2.4M	$9.0M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,638.9	−0.023%	$186K	$708K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,607.9	−0.060%	$30.0M	$56.0M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,671	+0.014%	$2.9M	$6.6M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,602	−0.067%	$59.9M	$337.1M	40x	as long as short
Phemex BTCUSDT	+0.0100%	8h	85,605.2	−0.063%	$153.6M	$480.5M	150x	as long as short
Extended BTC-USD	+0.0104%	1h	85,610.5	−0.057%	$44.1M	$227.9M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,649.2	−0.011%	—	$101.7M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	85,639.5	−0.023%	$131.3M	$5.15B	50x	as long as short
Deribit BTC-PERPETUAL	+0.0122%	1h	85,642.6	−0.019%	$894.7M	$1.54B	50x	as long as short
Hibachi BTC/USDT-P	+0.0136%	1h	85,755.4	+0.113%	$696K	$7.8M	30x	as long as short
Kraken Futures PF_XBTUSD	+0.0146%	1h	85,622.8	−0.042%	$187.7M	$963.5M	100x	as long as short
Aftermath Perps BTCUSD	+0.0169%	1h	85,716.5	+0.067%	$78K	$219K	20x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0203% / S −0.0189%	1h	85,615.2	−0.051%	$13.5M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0212%	8h	85,646	−0.015%	$10.1M	$770.2M	6.4x	as long as short
Perpl BTC	+0.0447%	43m	85,671.5	+0.015%	$514K	$20.5M	6.7x	as long as short