Funding you earn now, next payment 08:00 UTC+0.0130%/8h= +14.3% APRnext payment +$1.30 per $10,000 · paid last 24h +0.025%
Price spread now: HTX against BloFin−0.012%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$240.240% of the position
Funding, last 7 days−0.038%−$4 on $10k
+Price spread, last 4 days (all we have)−0.001%$0 · spread now −0.012%, 7d avg −0.009%
=The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin BTC-USDT | 85,429.1 | −0.0030 | get 0.0030% / 8h | 2h 52m | $421.0M | $676.8M | 150x |
| Short | HTX BTC-USDT | 85,418.6 | 0.0100 | get 0.0100% / 8h | 2h 52m | $2.26B | $951.2M | 200x |
BloFin BTC-USDT
HTX BTC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against BloFin. 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
- $27.38
- Price spread: −0.012% → −0.009%
- −$0.31
- Slippage, 4 orders
- −$0.02
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- $3.05
- Costs to cover
- 0.240%
- Break-even
- 6.2 days
Slippage from BloFin: live order book, 6 min ago; HTX: live order book, 1 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 BloFin live order book, 6 min ago | 0.01 bp | 6.0 bp −$6 | 6.0 bp −$60 | 6.0 bp −$601 | 6.8 bp −$3,417 |
| Sell HTX live order book, 1 min ago | 0.01 bp | 6.0 bp −$6 | 6.0 bp −$60 | 6.4 bp −$642 | 10.0 bp −$4,987 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0111% | 1h | 85,404 | −0.029% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,400 | −0.034% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0054% | 8h | 85,419.6 | −0.011% | $921.2M | $760.5M | 125x | as long as short |
| BloFin BTC-USDTlong | −0.0030% | 8h | 85,429.1 | long leg | $421.0M | $676.8M | 150x | |
| 01 Exchange BTCUSD | −0.0024% | 1h | 85,395.9 | −0.039% | $381K | $2.3M | 50x | as long as short |
| Aster BTCUSDT | −0.0012% | 8h | 85,428 | −0.001% | $514.0M | $1.10B | 200x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,409.1 | −0.023% | $16.8M | $21.3M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,382.2 | −0.055% | $535K | $18.8M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,419.4 | −0.011% | $36.5M | — | 200x | as long as short |
| Nado BTC-PERP | +0.0021% | 1h | 85,377.4 | −0.061% | $24.6M | $223.5M | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
01 Exchange BTCUSD
Aster BTCUSDT
dYdX BTC-USD
Perpl BTC
gTrade (Gains Network) BTC/USD
Nado BTC-PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0023% | 1h | 85,449 | +0.023% | $339K | $26.8M | 52x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0056% | 1h | 85,440.6 | +0.013% | $187.6M | $955.1M | 100x | as long as short |
| BingX BTC-USDT | +0.0063% | 8h | 85,441.7 | +0.015% | — | $1.55B | — | as long as short |
| Bullet BTC-USD | +0.0068% | 1h | 85,409.5 | −0.023% | $204K | $3.3M | 20x | as long as short |
| Phemex BTCUSDT | +0.0072% | 8h | 85,432 | +0.003% | $149.4M | $499.9M | 150x | as long as short |
| Bitget BTCUSDT | +0.0080% | 8h | 85,448.7 | +0.023% | $2.95B | $5.14B | 150x | as long as short |
| SoDEX BTC-USD | +0.0086% | 1h | 85,420 | −0.011% | $59.9M | $335.8M | 40x | as long as short |
| Aevo BTC-PERP | +0.0088% | 1h | 85,420.8 | −0.010% | $2.4M | $6.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0089% | 8h | 85,442.5 | +0.016% | $5.08B | $5.66B | 500x | as long as short |
| Binance BTCUSDT | +0.0090% | 8h | 85,439.7 | +0.012% | $9.45B | $24.68B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,429.1 | 0.000% | $171.8M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,429.7 | +0.001% | $23.9M | $147.2M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,386 | −0.050% | $8.4M | $55.3M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0096% | 1h | 85,457.1 | +0.033% | $117.5M | $5.29B | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,363 | −0.077% | $240K | $8.5M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,433.9 | +0.006% | $5.6M | $9.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,510 | +0.095% | $3.78B | $5.03B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,431.2 | +0.002% | $40.1M | $593.1M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,438.1 | +0.011% | $5.18B | $9.89B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,449.2 | +0.024% | $2.59B | $12.14B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,390 | −0.046% | $3.8M | $17.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,392.9 | −0.042% | $4.7M | $99.3M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,446.4 | +0.020% | $5.54B | $10.78B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,422.1 | −0.008% | $36.5M | $175.3M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,385.5 | −0.051% | $154.2M | $565.3M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,359.3 | −0.082% | $279.1M | $937.0M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,462 | +0.039% | $214.7M | $168.9M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,445.3 | +0.019% | $139.7M | $315.9M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,389 | −0.047% | $30.1M | $206.4M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,454 | +0.029% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,413 | −0.019% | $11.1M | $14.4M | 50x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,396.2 | −0.039% | $2.5M | $8.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,463.1 | +0.040% | $207K | $738K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,395.7 | −0.039% | $30.0M | $50.3M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,376.1 | −0.062% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDTshort | +0.0100% | 8h | 85,418.6 | −0.012% | $2.26B | $951.2M | 200x | |
| Bulk BTC-USD | +0.0100% | 1h | 85,404.3 | −0.029% | $678.7M | $662.5M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,414.4 | −0.017% | $45.8M | $236.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,411.1 | −0.021% | — | $106.8M | 500x | as long as short |
| Reya BTCRUSDPERP | +0.0108% | 1h | 85,413.6 | −0.018% | $6.6M | $147.3M | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0116% | 1h | 85,461.3 | +0.038% | $872.2M | $1.60B | 50x | as long as short |
| Kalshi KXBTCPERP | +0.0168% | 8h | 85,438 | +0.010% | $11.4M | $750.6M | 6.4x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,424.9 | −0.005% | $13.0M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0232% | 1h | 85,395.9 | −0.039% | $694K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0252% | 1h | 85,438.2 | +0.011% | $78K | $225K | 20x | as long as short |
| RISEx BTC/USDC | +0.0257% | 1h | 85,422.9 | −0.007% | $8.8M | $43.1M | 25x | as long as short |
Injective BTC/USDC PERP
Kraken Futures PF_XBTUSD
BingX BTC-USDT
Bullet BTC-USD
Phemex BTCUSDT
Bitget BTCUSDT
SoDEX BTC-USD
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Coinbase International BTC-PERP-INTX
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Reya BTCRUSDPERP
Deribit BTC-PERPETUAL
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
RISEx BTC/USDC