Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.007%
Price spread now: HTX against Bulk−0.235%7-day average −0.019% · 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−$41as in the Price arb table
costs, in and out, $10k−$190.190% of the position
Funding, last 3 days (all we have)−0.042%−$4 on $10k
+Price spread, last 3 days (all we have)+0.175%+$18 · spread now −0.235%, 7d avg −0.019%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.216% cheaper against Bulk than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of −0.019%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk BTC-USD | 86,703.1 | 0.0100 | pay 0.0013% / 1h | 35m 22s | $573.0M | $18.8M | 40x |
| Short | HTX BTC-USDT | 86,499.2 | 0.0100 | get 0.0100% / 8h | 1h 35m | $2.30B | $964.4M | 200x |
Bulk BTC-USD
HTX BTC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Bulk. 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: −0.235% → −0.019%
- −$21.64
- Slippage, 4 orders
- −$0.04
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$40.68
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage from Bulk: live order book, 4 min ago; HTX: live order book, 4 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 Bulk live order book, 4 min ago | 0.01 bp | 3.5 bp −$4 | 3.5 bp −$35 | 3.5 bp −$351 | 4.9 bp −$2,439 |
| Sell HTX live order book, 4 min ago | 0.01 bp | 6.0 bp −$6 | 6.0 bp −$60 | 7.1 bp −$712 | 10.0 bp −$5,011 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.0657% | 1h | 86,553.8 | −0.172% | $140K | $618K | 40x | as long as short |
| Phoenix BTC | −0.0159% | 1h | 86,627 | −0.088% | $2.2M | $11.8M | 40x | as long as short |
| Aftermath Perps BTCUSD | −0.0130% | 1h | 86,615.5 | −0.101% | $83K | $216K | 20x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,572 | −0.151% | $9K | $3K | 50x | as long as short |
| dYdX BTC-USD | −0.0010% | 1h | 86,530.8 | −0.199% | $17.3M | $20.5M | 50x | as long as short |
| Aster BTCUSDT | −0.0009% | 8h | 86,523 | −0.208% | $504.9M | $1.15B | 200x | as long as short |
| 01 Exchange BTCUSD | −0.0008% | 1h | 86,545.9 | −0.181% | $359K | $2.4M | 50x | as long as short |
| KuCoin XBTUSDTM | 0.0000% | 8h | 86,516.2 | −0.215% | $851.3M | $708.4M | 125x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,558.2 | −0.167% | $419K | $23.9M | 6.7x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,531.9 | −0.197% | $924.3M | $1.47B | 50x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Aftermath Perps BTCUSD
Hotstuff BTC-PERP
dYdX BTC-USD
Aster BTCUSDT
01 Exchange BTCUSD
KuCoin XBTUSDTM
Perpl BTC
Deribit BTC-PERPETUALShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,557.8 | −0.168% | $36.8M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0006% | 1h | 86,531 | −0.198% | $8.6M | $43.2M | 25x | as long as short |
| Reya BTCRUSDPERP | +0.0022% | 1h | 86,541 | −0.187% | $6.7M | $144.8M | 40x | as long as short |
| Injective BTC/USDC PERP | +0.0024% | 1h | 86,559 | −0.166% | $315K | $26.8M | 52x | as long as short |
| Phemex BTCUSDT | +0.0030% | 8h | 86,493.2 | −0.242% | $149.7M | $475.1M | 150x | as long as short |
| BingX BTC-USDC | +0.0034% | 8h | 86,517.1 | −0.214% | — | $15.3M | — | as long as short |
| Hibachi BTC/USDT-P | +0.0040% | 1h | 86,622 | −0.094% | $730K | $8.2M | 30x | as long as short |
| Bitget BTCUSDT | +0.0043% | 8h | 86,537.8 | −0.191% | $2.95B | $5.08B | 150x | as long as short |
| MEXC BTC_USDT | +0.0060% | 8h | 86,542 | −0.186% | $5.18B | $5.65B | 500x | as long as short |
| Binance BTCUSDT | +0.0061% | 8h | 86,535.4 | −0.193% | $9.42B | $24.31B | 150x | as long as short |
| Aevo BTC-PERP | +0.0064% | 1h | 86,528.8 | −0.201% | $2.4M | $1.3M | 20x | as long as short |
| Gate BTC_USDT | +0.0075% | 8h | 86,529.1 | −0.201% | $5.85B | $10.65B | 200x | as long as short |
| Bybit BTCUSDT | +0.0090% | 8h | 86,535 | −0.194% | $5.27B | $9.70B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,519.4 | −0.212% | $171.6M | $1.00B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,536.1 | −0.193% | $24.0M | $151.8M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,530 | −0.200% | $8.5M | $52.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0096% | 1h | 86,505 | −0.228% | $60.5M | $337.1M | 40x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,512 | −0.220% | $202K | $6.9M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,559.2 | −0.166% | $4.7M | $8.4M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,513.5 | −0.219% | $21.8M | $233.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,610 | −0.107% | $3.81B | $5.09B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,546.8 | −0.180% | $41.1M | $505.2M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,536.2 | −0.192% | $2.54B | $12.69B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,540 | −0.188% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,601.5 | −0.117% | $7.4M | $93.7M | 40x | as long as short |
| Bulk BTC-USDlong | +0.0100% | 1h | 86,703.1 | long leg | $573.0M | $18.8M | 40x | |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,488.3 | −0.248% | $38.4M | $153.2M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,541.3 | −0.187% | $156.5M | $566.0M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,594.3 | −0.125% | $279.8M | $944.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,592.5 | −0.128% | $217.3M | $173.9M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,642.9 | −0.069% | $141.6M | $323.1M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,573.9 | −0.149% | $30.7M | $203.4M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,581 | −0.141% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,544 | −0.183% | $11.1M | $13.6M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,536 | −0.193% | $191K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,542.8 | −0.185% | $2.4M | $8.6M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,538.9 | −0.189% | $30.0M | $61.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,536.8 | −0.192% | $3.4M | $5.4M | 100x | as long as short |
| HTX BTC-USDTshort | +0.0100% | 8h | 86,499.2 | −0.235% | $2.30B | $964.4M | 200x | |
| Extended BTC-USD | +0.0104% | 1h | 86,511.5 | −0.221% | $46.4M | $225.3M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,541.9 | −0.186% | — | $98.2M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,537.1 | −0.191% | $131.6M | $5.71B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,531.6 | −0.198% | $191.5M | $937.0M | 100x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0181% / S −0.0208% | 1h | 86,552.2 | −0.174% | $15.1M | — | 200x | as long as short |
| BloFin BTC-USDT | +0.0182% | 8h | 86,570 | −0.153% | $414.5M | $651.5M | 150x | as long as short |
| Kalshi KXBTCPERP | +0.0195% | 8h | 86,571 | −0.152% | $9.6M | $728.3M | 6.4x | as long as short |
gTrade (Gains Network) BTC/USD
RISEx BTC/USDC
Reya BTCRUSDPERP
Injective BTC/USDC PERP
Phemex BTCUSDT
BingX BTC-USDC
Hibachi BTC/USDT-P
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
Gate BTC_USDT
Bybit BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
SoDEX BTC-USD
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
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
Bullet BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
SunX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
GMX BTC/USD [WBTC.b-USDC]
BloFin BTC-USDT
Kalshi KXBTCPERP