Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: HTX against Backpack+0.005%7-day average +0.015% · 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−$23as in the Price arb table
costs, in and out, $10k−$220.220% of the position
Funding, last 7 days+0.094%+$9 on $10k
+Price spread, last 3 days (all we have)−0.031%−$3 · spread now +0.005%, 7d avg +0.015%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack BTC_USDC_PERP | 86,650.3 | 0.0100 | pay 0.0013% / 1h | 36m 37s | $38.1M | $148.4M | 75x |
| Short | HTX BTC-USDT | 86,654.6 | 0.0100 | get 0.0100% / 8h | 2h 36m | $2.30B | $956.9M | 200x |
Backpack BTC_USDC_PERP
HTX BTC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: +0.005% → +0.015%
- −$0.99
- Slippage, 4 orders
- −$0.02
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$23.02
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 3 min ago; HTX: live order book, 3 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 Backpack live order book, 3 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 6.2 bp −$620 | 255.0 bp −$127.5K |
| Sell HTX live order book, 3 min ago | 0.01 bp | 6.0 bp −$6 | 6.0 bp −$60 | 7.9 bp −$790 | 10.6 bp −$5,307 |
BTC on 56 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 | |
|---|---|---|---|---|---|---|---|---|
| Perpl BTC | −0.0223% | 43m | 86,671.9 | +0.025% | $428K | $24.9M | 6.7x | as long as short |
| Aftermath Perps BTCUSD | −0.0221% | 1h | 86,625.7 | −0.028% | $85K | $188K | 20x | as long as short |
| Phoenix BTC | −0.0103% | 1h | 86,539 | −0.128% | $2.2M | $12.4M | 40x | as long as short |
| dYdX BTC-USD | −0.0091% | 1h | 86,632.9 | −0.020% | $17.6M | $20.5M | 50x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,514 | −0.157% | $9K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 86,611 | −0.045% | $361K | $2.4M | 50x | as long as short |
| KuCoin XBTUSDTM | 0.0000% | 8h | 86,595.1 | −0.064% | $844.2M | $706.4M | 125x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,681.9 | +0.036% | $936.1M | $1.43B | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0005% | 1h | 86,684.9 | +0.040% | $36.7M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0010% | 8h | 86,580.9 | −0.080% | $505.6M | $1.16B | 200x | as long as short |
Perpl BTC
Aftermath Perps BTCUSD
Phoenix BTC
dYdX BTC-USD
Hotstuff BTC-PERP
01 Exchange BTCUSD
KuCoin XBTUSDTM
Deribit BTC-PERPETUAL
gTrade (Gains Network) BTC/USD
Aster BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0021% | 1h | 86,659.3 | +0.010% | $6.8M | $144.3M | 40x | as long as short |
| BingX BTC-USDT | +0.0022% | 8h | 86,581.1 | −0.080% | — | $1.59B | — | as long as short |
| Phemex BTCUSDT | +0.0024% | 8h | 86,640.7 | −0.011% | $149.7M | $470.8M | 150x | as long as short |
| Bitget BTCUSDT | +0.0028% | 8h | 86,575.9 | −0.086% | $2.94B | $5.07B | 150x | as long as short |
| Aevo BTC-PERP | +0.0048% | 1h | 86,660.8 | +0.012% | $2.4M | $1.3M | 20x | as long as short |
| Injective BTC/USDC PERP | +0.0049% | 1h | 86,732 | +0.094% | $315K | $26.8M | 52x | as long as short |
| MEXC BTC_USDT | +0.0050% | 8h | 86,588.1 | −0.072% | $5.18B | $5.66B | 500x | as long as short |
| Binance BTCUSDT | +0.0051% | 8h | 86,581.3 | −0.080% | $9.43B | $24.30B | 150x | as long as short |
| RISEx BTC/USDC | +0.0063% | 1h | 86,593.5 | −0.066% | $9.2M | $42.0M | 25x | as long as short |
| OKX BTC-USDT-SWAP | +0.0069% | 8h | 86,589.9 | −0.070% | $2.56B | $12.69B | 100x | as long as short |
| Gate BTC_USDT | +0.0069% | 8h | 86,582.1 | −0.079% | $5.86B | $10.62B | 200x | as long as short |
| Bybit BTCUSDT | +0.0079% | 8h | 86,581.2 | −0.080% | $5.27B | $9.66B | 150x | as long as short |
| Variational Omni BTC | +0.0091% | 8h | 86,619.6 | −0.035% | $160.0M | $567.4M | — | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,604.7 | −0.053% | $172.0M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,599.8 | −0.058% | $24.0M | $153.4M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,583 | −0.078% | $8.5M | $52.1M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,652 | +0.002% | $4.8M | $8.2M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,578 | −0.083% | $195K | $6.8M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,635.2 | −0.017% | $21.6M | $235.5M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,660 | +0.011% | $3.82B | $5.12B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,624.1 | −0.030% | $41.3M | $490.3M | 50x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,629 | −0.025% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,653.9 | +0.004% | $7.5M | $93.6M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,606.9 | −0.050% | $571.9M | $22.8M | 40x | as long as short |
| Backpack BTC_USDC_PERPlong | +0.0100% | 1h | 86,650.3 | long leg | $38.1M | $148.4M | 75x | |
| edgeX BTCUSDC | +0.0100% | 4h | 86,571.5 | −0.091% | $279.6M | $949.6M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,620.3 | −0.035% | $217.5M | $188.3M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,631.1 | −0.022% | $141.6M | $323.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,531.1 | −0.138% | $30.8M | $205.6M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,703.8 | +0.062% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,669 | +0.022% | $11.1M | $13.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,667.2 | +0.020% | $194K | $3.4M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,681.6 | +0.036% | $2.5M | $8.5M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,690.1 | +0.046% | $141K | $619K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,668.3 | +0.021% | $30.0M | $61.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,659.4 | +0.011% | $3.4M | $5.5M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,647 | −0.004% | $60.5M | $336.5M | 40x | as long as short |
| HTX BTC-USDTshort | +0.0100% | 8h | 86,654.6 | +0.005% | $2.30B | $956.9M | 200x | |
| Extended BTC-USD | +0.0104% | 1h | 86,570 | −0.093% | $46.4M | $227.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,692.7 | +0.049% | — | $98.3M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0116% | 1h | 86,682.4 | +0.037% | $189.3M | $930.4M | 100x | as long as short |
| Kalshi KXBTCPERP | +0.0120% | 8h | 86,674 | +0.027% | $9.0M | $723.1M | 6.4x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,694 | +0.050% | $131.9M | $5.87B | 50x | as long as short |
| BloFin BTC-USDT | +0.0170% | 8h | 86,675.1 | +0.029% | $417.6M | $650.6M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0178% / S −0.0185% | 1h | 86,677.4 | +0.031% | $14.9M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0224% | 1h | 86,585.9 | −0.074% | $614K | $7.1M | 30x | as long as short |
Reya BTCRUSDPERP
BingX BTC-USDT
Phemex BTCUSDT
Bitget BTCUSDT
Aevo BTC-PERP
Injective BTC/USDC PERP
MEXC BTC_USDT
Binance BTCUSDT
RISEx BTC/USDC
OKX BTC-USDT-SWAP
Gate BTC_USDT
Bybit BTCUSDT
Variational Omni BTC
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Kalshi KXBTCPERP
Coinbase International BTC-PERP-INTX
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P