Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%
Price spread now: Bybit against HTX+0.024%7-day average +0.014% · 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−$22as in the Price arb table
costs, in and out, $10k−$230.230% of the position
Funding, last 7 days+0.010%+$1 on $10k
+Price spread, last 4 days (all we have)+0.046%+$5 · spread now +0.024%, 7d avg +0.014%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX BTC-USDT | 85,565.5 | 0.0100 | pay 0.0100% / 8h | 4h 31m | $2.27B | $943.2M | 200x |
| Short | Bybit BTCUSDT | 85,586 | 0.0100 | get 0.0100% / 8h | 4h 31m | $5.22B | $9.77B | 150x |
HTX BTC-USDT
Bybit BTCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against HTX. 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: +0.024% → +0.014%
- $1.04
- Slippage, 4 orders
- −$0.02
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$21.98
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage from HTX: live order book, 3 min ago; Bybit: 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 HTX live order book, 3 min ago | 0.01 bp | 6.0 bp −$6 | 6.7 bp −$67 | 8.2 bp −$818 | 10.6 bp −$5,323 |
| Sell Bybit live order book, 3 min ago | 0.01 bp | 5.5 bp −$6 | 5.7 bp −$57 | 7.6 bp −$758 | 9.4 bp −$4,705 |
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 | −0.0179% | 1h | 85,517 | −0.057% | $2.2M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,528 | −0.044% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0056% | 1h | 85,559.9 | −0.007% | $365K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0024% | 8h | 85,577.7 | +0.014% | $418.0M | $668.3M | 150x | as long as short |
| KuCoin XBTUSDTM | −0.0014% | 8h | 85,547 | −0.022% | $921.3M | $750.4M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 85,576 | +0.012% | $36.6M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0015% | 8h | 85,575.1 | +0.011% | $515.7M | $1.10B | 200x | as long as short |
| dYdX BTC-USD | +0.0016% | 1h | 85,591.7 | +0.031% | $16.7M | $21.3M | 50x | as long as short |
| Bluefin BTC-PERP | +0.0020% | 1h | 85,611 | +0.053% | $207K | $738K | 40x | as long as short |
| Arcus BTC-USD | +0.0021% | 1h | 85,567.8 | +0.003% | $4.8M | $97.8M | 40x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
dYdX BTC-USD
Bluefin BTC-PERP
Arcus BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado BTC-PERP | +0.0037% | 1h | 85,558.7 | −0.008% | $25.6M | $221.8M | 50x | as long as short |
| BingX BTC-USDT | +0.0061% | 8h | 85,588.3 | +0.027% | — | $1.55B | — | as long as short |
| Bitget BTCUSDT | +0.0077% | 8h | 85,591.5 | +0.030% | $2.95B | $5.06B | 150x | as long as short |
| Phemex BTCUSDT | +0.0080% | 8h | 85,560 | −0.006% | $148.2M | $486.1M | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0081% | 1h | 85,558.7 | −0.008% | $6.7M | $146.7M | 40x | as long as short |
| MEXC BTC_USDT | +0.0093% | 8h | 85,586.5 | +0.025% | $5.06B | $5.62B | 500x | as long as short |
| Binance BTCUSDT | +0.0096% | 8h | 85,590 | +0.029% | $9.37B | $24.12B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,576.6 | +0.013% | $173.2M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,586.6 | +0.025% | $23.9M | $148.9M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,562 | −0.004% | $8.4M | $52.8M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,559.3 | −0.007% | $2.5M | $1.7M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,529 | −0.043% | $212K | $8.0M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,638.5 | +0.085% | $4.5M | $8.7M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,664 | +0.115% | $3.75B | $4.98B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,610.5 | +0.053% | $40.1M | $578.1M | 50x | as long as short |
| Bybit BTCUSDTshort | +0.0100% | 8h | 85,586 | +0.024% | $5.22B | $9.77B | 150x | |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,599.9 | +0.040% | $2.58B | $12.16B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,576 | +0.012% | $3.9M | $18.1M | 25x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,593.4 | +0.033% | $5.51B | $10.69B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,574.4 | +0.010% | $35.7M | $176.3M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,543.7 | −0.026% | $153.8M | $564.0M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,356.5 | −0.244% | $278.9M | $919.2M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,388.8 | −0.206% | $214.3M | $169.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,483.1 | −0.096% | $139.8M | $314.8M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,509.7 | −0.065% | $30.2M | $207.9M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,611.3 | +0.054% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,560 | −0.006% | $11.1M | $14.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,566.4 | +0.001% | $192K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,570.2 | +0.005% | $2.4M | $8.9M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,555.3 | −0.012% | $30.0M | $50.9M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,563.8 | −0.002% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,567 | +0.002% | $60.0M | $336.1M | 40x | as long as short |
| HTX BTC-USDTlong | +0.0100% | 8h | 85,565.5 | long leg | $2.27B | $943.2M | 200x | |
| Bulk BTC-USD | +0.0100% | 1h | 85,369.3 | −0.229% | $653.8M | $618.7M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,539.7 | −0.030% | $44.2M | $227.0M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,578.1 | +0.015% | — | $107.2M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,617.4 | +0.061% | $117.1M | $5.19B | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0129% | 1h | 85,613 | +0.056% | $894.6M | $1.54B | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0150% | 1h | 85,539 | −0.031% | $340K | $26.9M | 52x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0170% | 1h | 85,589 | +0.028% | $187.8M | $956.0M | 100x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 85,589.8 | +0.028% | $8.3M | $42.5M | 25x | as long as short |
| Hibachi BTC/USDT-P | +0.0200% | 1h | 85,502.6 | −0.074% | $697K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0202% | 1h | 85,489.1 | −0.089% | $78K | $219K | 20x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0202% / S −0.0178% | 1h | 85,573.8 | +0.010% | $13.4M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0217% | 8h | 85,596 | +0.036% | $10.5M | $758.7M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,567.9 | +0.003% | $508K | $18.9M | 6.7x | as long as short |
Nado BTC-PERP
BingX BTC-USDT
Bitget BTCUSDT
Phemex BTCUSDT
Reya BTCRUSDPERP
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
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
Bullet BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Deribit BTC-PERPETUAL
Injective BTC/USDC PERP
Kraken Futures PF_XBTUSD
RISEx BTC/USDC
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Perpl BTC