After costs, if the gap returns to its 7d average, $10k−$20
spread now−0.013%7d average−0.008%fees + slippage, in and out−$19spread needed0.194%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange BTCUSD | 86,021.4 | −0.0064 | get 0.0008% / 1h | 7m 17s | $287K | $2.4M | 50x |
| Short | Polymarket Perps BTC-USD | 86,010 | 0.0100 | get 0.0013% / 1h | 7m 17s | $11.0M | $11.7M | 50x |
Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$1.33
- Funding while held
- $4.92
- Slippage, 4 orders
- −$4.4
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$15.8
- Spread needed to break even
- 0.194%
Slippage from 01 Exchange: live order book, 3 min ago; Polymarket Perps: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0164%
- Per $10,000 a day
- +$4.92
- Average in range /8h
- —
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 01 Exchange live order book, 3 min ago | 0.26 bp | 5.3 bp −$5 | 15.4 bp −$154 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 3 min ago | 0.35 bp | 4.3 bp −$4 | 5.1 bp −$51 | 7.6 bp −$762 | doesn't fit |
BTC price on every exchange
against the cheapest. Click to use as the short leg.BTC on 55 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bulk BTC-USD | −0.132% | +0.0100% | 1h | $553.6M | $134.9M | 40x | as long as short |
| Nado BTC-PERP | −0.087% | +0.0100% | 1h | $23.7M | $230.5M | 50x | as long as short |
| OKX BTC-USDT-SWAP | −0.083% | +0.0023% | 8h | $2.66B | $11.70B | 100x | as long as short |
| Bybit BTCUSDT | −0.079% | +0.0088% | 8h | $5.19B | $8.58B | 150x | as long as short |
| Extended BTC-USD | −0.076% | +0.0104% | 1h | $48.9M | $209.7M | 50x | as long as short |
| BingX BTC-USDT | −0.069% | −0.0003% | 8h | — | $1.40B | — | as long as short |
| SunX BTC-USDT | −0.069% | +0.0100% | 8h | $3.3M | $6.1M | 100x | as long as short |
| Arcus BTC-USD | −0.068% | +0.0100% | 1h | $6.0M | $85.8M | 40x | as long as short |
| Orderly PERP_BTC_USDC | −0.068% | +0.0100% | 8h | $2.4M | $7.3M | 100x | as long as short |
| Bitget BTCUSDT | −0.054% | −0.0003% | 8h | $2.97B | $4.72B | 150x | as long as short |
Show all 55 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo BTC-PERP | −0.049% | +0.0064% | 1h | $2.4M | $1.5M | 20x | as long as short |
| Aster BTCUSDT | −0.047% | +0.0042% | 8h | $485.6M | $1.13B | 200x | as long as short |
| HTX BTC-USDT | −0.045% | +0.0069% | 8h | $2.29B | $851.4M | 200x | as long as short |
| Binance BTCUSDT | −0.040% | +0.0060% | 8h | $9.53B | $21.97B | 150x | as long as short |
| BloFin BTC-USDT | −0.035% | −0.0060% | 8h | $430.2M | $569.0M | 150x | as long as short |
| Phemex BTCUSDT | −0.035% | −0.0022% | 8h | $153.6M | $408.6M | 150x | as long as short |
| Gate BTC_USDT | −0.033% | −0.0020% | 8h | $6.12B | $9.58B | 200x | as long as short |
| Reya BTCRUSDPERP | −0.033% | −0.0021% | 1h | $6.7M | $137.9M | 40x | as long as short |
| Popdex BTCUSDT | −0.032% | +0.0072% | 1h | $8.5M | $45.7M | 100x | as long as short |
| KuCoin XBTUSDTM | −0.028% | +0.0028% | 8h | $790.8M | $617.8M | 125x | as long as short |
| Pacifica BTC | −0.028% | +0.0100% | 1h | $36.9M | $357.1M | 50x | as long as short |
| Bluefin BTC-PERP | −0.027% | −0.0127% | 1h | $142K | $407K | 40x | as long as short |
| MEXC BTC_USDT | −0.025% | +0.0060% | 8h | $5.09B | $5.21B | 500x | as long as short |
| Lighter RH BTC | −0.022% | +0.0096% | 1h | $24.8M | $141.1M | 50x | as long as short |
| Hotstuff BTC-PERP | −0.021% | −0.0080% | 1h | $9K | $4K | 50x | as long as short |
| dYdX BTC-USD | −0.019% | 0.0000% | 1h | $17.3M | $17.5M | 50x | as long as short |
| Bullet BTC-USD | −0.019% | +0.0100% | 1h | $243K | $3.3M | 20x | as long as short |
| Katana Perps BTC-USD | −0.019% | +0.0100% | 8h | $191K | $5.5M | 50x | as long as short |
| Lighter BTC | −0.018% | +0.0096% | 1h | $172.3M | $944.2M | 50x | as long as short |
| Perpl BTC | −0.016% | −0.0112% | 43m | $401K | $29.5M | 6.7x | as long as short |
| Ondo Perps BTC-USD.P | −0.016% | +0.0100% | 1h | $3.9M | $16.3M | 25x | as long as short |
| Polymarket Perps BTC-USDshort | −0.013% | +0.0100% | 1h | $11.0M | $11.7M | 50x | |
| gTrade (Gains Network) BTC/USD | −0.006% | L +0.0005% / S −0.0004% | 1h | $36.8M | — | 200x | as long as short |
| 01 Exchange BTCUSDlong | 0.000% | −0.0064% | 1h | $287K | $2.4M | 50x | |
| Kraken Futures PF_XBTUSD | +0.006% | +0.0071% | 1h | $186.7M | $822.6M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.009% | +0.0091% | 8h | $4.4M | $6.7M | 50x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | +0.014% | L +0.0198% / S −0.0175% | 1h | $12.6M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.020% | +0.0128% | 1h | $8.8M | $38.9M | 25x | as long as short |
| Backpack BTC_USDC_PERP | +0.026% | +0.0100% | 1h | $38.9M | $108.6M | 75x | as long as short |
| Deribit BTC-PERPETUAL | +0.034% | +0.0207% | 1h | $910.7M | $1.11B | 50x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.035% | +0.0104% | 1h | $151.3M | $6.24B | 50x | as long as short |
| Derive BTC-PERP | +0.037% | +0.0100% | 1h | $30.3M | $59.2M | 15x | as long as short |
| Kalshi KXBTCPERP | +0.039% | +0.0101% | 8h | $12.5M | $582.3M | 6.4x | as long as short |
| Aftermath Perps BTCUSD | +0.046% | +0.0002% | 1h | $87K | $154K | 20x | as long as short |
| Phoenix BTC | +0.046% | −0.0086% | 1h | $1.8M | $10.8M | 40x | as long as short |
| Vest BTC-PERP | +0.051% | +0.0100% | 1h | — | $12.2M | 50x | as long as short |
| SoDEX BTC-USD | +0.070% | −0.0014% | 1h | $61.1M | $283.6M | 40x | as long as short |
| edgeX BTCUSDC | +0.073% | +0.0100% | 4h | $278.9M | $878.0M | 100x | as long as short |
| Hibachi BTC/USDT-P | +0.087% | +0.0240% | 1h | $695K | $7.4M | 30x | as long as short |
| Hyperliquid BTC | +0.087% | +0.0243% | 1h | $3.92B | $4.50B | 40x | as long as short |
| Jupiter Perps WBTC-PERP | +0.093% | L +0.0104% / S +0.0048% | 1h | — | $89.5M | 500x | as long as short |
| ApeX Omni BTCUSDT | +0.100% | −0.0120% | 1h | $139.3M | $318.4M | 100x | as long as short |
| Injective BTC/USDC PERP | +0.110% | +0.0108% | 1h | $308K | $27.0M | 52x | as long as short |
| Variational Omni BTC | +0.111% | +0.0100% | 8h | $171.4M | $511.1M | — | as long as short |
| StandX BTC-USD | +0.123% | +0.0100% | 1h | $30.7M | $230.6M | 40x | as long as short |
Polymarket Perps BTC-USD
Bulk
OKX
Bybit
Extended
BingX
SunX
Bitget
Aster
HTX
Binance
BloFin
Phemex
Gate
Popdex
KuCoin
Pacifica
Bluefin
MEXC
Lighter RH
Bullet
Katana Perps
Lighter
gTrade (Gains Network)
Kraken Futures
Paradex
GMX
RISEx
Backpack
Deribit
Coinbase International
Derive
Phoenix
SoDEX
Hyperliquid
ApeX Omni
Injective
Variational Omni
StandX