Settings8H · net · $10k
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Funding arb · Price arb /

BTC

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Funding you earn now, next payment 00:00 UTC−0.0058%/8h= −6.4% APRnext payment −$0.58 per $10,000 · paid last 24h −0.010%
Price spread now: BingX against HTX+0.024%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$220.220% of the position
Long on HTXShort on BingX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.001%$0 on $10k
Price spread, last 3 days (all we have)+0.043%+$4 · spread now +0.024%, 7d avg +0.016%
Together, before fees+0.041%+$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.016%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BTC-USDT86,470.90.0100pay 0.0100% / 8h33m 18s$2.30B$969.8M200x
ShortBingX BTC-USDT86,491.70.0042get 0.0042% / 8h33m 18s—$1.59B—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against HTX. 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

Funding earned
−$12.18
Price spread: +0.024% → +0.016%
$0.81
Slippage, 4 orders
−$0.05
Fee HTX: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$33.41
Costs to cover
0.220%
Break-even
never at this rate
Slippage from HTX: live order book, 1 min ago; BingX: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 1 min ago0.01 bp6.0 bp −$66.0 bp −$606.7 bp −$6669.3 bp −$4,643
Sell BingX live order book, 6 min ago0.02 bp5.0 bp −$55.0 bp −$505.0 bp −$5025.1 bp −$2,527

BTC on 56 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix BTC−0.0118%1h86,543+0.083%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,481+0.012%$9K$3K50xas long as short
Injective BTC/USDC PERP−0.0035%1h86,568+0.112%$333K$26.8M52xas long as short
RISEx BTC/USDC−0.0024%1h86,504.5+0.039%$8.3M$42.9M25xas long as short
01 Exchange BTCUSD−0.0024%1h86,506.4+0.041%$358K$2.5M50xas long as short
Aster BTCUSDT0.0000%8h86,488.9+0.021%$501.6M$1.15B200xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,511.9+0.047%$36.8M—200xas long as short
KuCoin XBTUSDTM+0.0016%8h86,492+0.024%$850.6M$715.5M125xas long as short
Reya BTCRUSDPERP+0.0029%1h86,492.2+0.025%$6.7M$145.4M40xas long as short
dYdX BTC-USD+0.0037%1h86,539+0.079%$17.0M$21.1M50xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDTshort+0.0042%8h86,491.7+0.024%—$1.59B—
Deribit BTC-PERPETUAL+0.0045%1h86,532.8+0.072%$915.2M$1.48B50xas long as short
Phemex BTCUSDT+0.0049%8h86,493.6+0.026%$150.7M$478.6M150xas long as short
Bitget BTCUSDT+0.0052%8h86,484.2+0.015%$2.96B$5.13B150xas long as short
MEXC BTC_USDT+0.0071%8h86,490.4+0.023%$5.16B$5.65B500xas long as short
Binance BTCUSDT+0.0071%8h86,490.4+0.023%$9.43B$24.57B150xas long as short
Aevo BTC-PERP+0.0072%1h86,481.3+0.012%$2.4M$1.3M20xas long as short
Gate BTC_USDT+0.0083%8h86,495.6+0.029%$5.87B$10.76B200xas long as short
SoDEX BTC-USD+0.0093%1h86,491+0.023%$60.5M$337.8M40xas long as short
Lighter BTC+0.0096%1h86,497.5+0.031%$170.3M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h86,500.9+0.035%$24.0M$151.9M50xas long as short
Popdex BTCUSDT+0.0096%1h86,490+0.022%$8.5M$52.5M100xas long as short
Bybit BTCUSDT+0.0100%8h86,485.9+0.017%$5.26B$9.81B150xas long as short
Katana Perps BTC-USD+0.0100%8h86,470−0.001%$198K$7.0M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,515.5+0.052%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,484+0.015%$21.8M$234.7M50xas long as short
Hyperliquid BTC+0.0100%1h86,564+0.108%$3.80B$5.11B40xas long as short
Pacifica BTC+0.0100%1h86,521.9+0.059%$40.8M$527.8M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,495.6+0.029%$2.55B$12.73B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,498+0.031%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,530.6+0.069%$7.6M$95.1M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,489.8+0.022%$38.3M$154.8M75xas long as short
Variational Omni BTC+0.0100%8h86,514.5+0.050%$157.4M$567.9M—as long as short
edgeX BTCUSDC+0.0100%4h86,535.4+0.075%$279.5M$947.1M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,546.5+0.087%$217.3M$171.6M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,514.6+0.051%$141.4M$323.1M100xas long as short
StandX BTC-USD+0.0100%1h86,500.3+0.034%$30.7M$205.1M40xas long as short
Vest BTC-PERP+0.0100%1h86,536.1+0.075%—$11.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,488+0.020%$11.1M$13.8M50xas long as short
Bullet BTC-USD+0.0100%1h86,490.9+0.023%$189K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,493.4+0.026%$2.4M$9.0M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,523+0.060%$140K$663K40xas long as short
Derive BTC-PERP+0.0100%1h86,526.6+0.064%$30.6M$62.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,504.4+0.039%$3.4M$5.4M100xas long as short
HTX BTC-USDTlong+0.0100%8h86,470.9long leg$2.30B$969.8M200x
Bulk BTC-USD+0.0100%1h86,562.5+0.106%$572.7M$17.7M40xas long as short
Extended BTC-USD+0.0104%1h86,475.3+0.005%$45.5M$227.3M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,518.9+0.056%—$98.8M500xas long as short
Kraken Futures PF_XBTUSD+0.0110%1h86,523.8+0.061%$194.1M$952.2M100xas long as short
Perpl BTC+0.0112%43m86,503.5+0.038%$416K$23.1M6.7xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,536+0.075%$132.4M$5.66B50xas long as short
Aftermath Perps BTCUSD+0.0135%1h86,553.3+0.095%$79K$218K20xas long as short
BloFin BTC-USDT+0.0191%8h86,490.5+0.023%$415.4M$658.5M150xas long as short
Hibachi BTC/USDT-P+0.0192%1h86,544+0.085%$728K$8.1M30xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0194% / S −0.0216%1h86,506.4+0.041%$15.0M—200xas long as short
Kalshi KXBTCPERP+0.0208%8h86,522+0.059%$9.7M$745.4M6.4xas long as short