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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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.

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against HTX+0.042%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$220.220% of the position
Long on HTXShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.025%+$2 on $10k
Price spread, last 3 days (all we have)+0.007%+$1 · spread now +0.042%, 7d avg +0.016%
Together, before fees+0.032%+$3 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.027% dearer against HTX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.016%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BTC-USDT86,274.70.0100pay 0.0100% / 8h7h 15m$2.29B$959.1M200x
ShortOKX BTC-USDT-SWAP86,311.30.0100get 0.0100% / 8h7h 15m$2.57B$12.46B100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$0
Price spread: +0.042% → +0.016%
$2.69
Slippage, 4 orders
−$0.02
Fee HTX: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$19.34
Costs to cover
0.220%
Break-even
never at this rate
Slippage from HTX: live order book, 4 min ago; OKX: live order book, 4 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, 4 min ago0.01 bp6.0 bp −$66.0 bp −$607.5 bp −$74911.1 bp −$5,552
Sell OKX live order book, 4 min ago0.01 bp5.0 bp −$55.0 bp −$506.1 bp −$6118.4 bp −$4,204

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−0.0129%1h86,239−0.041%$2.2M$11.2M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,299+0.028%$9K$3K50xas long as short
Bluefin BTC-PERP−0.0049%1h86,329.8+0.064%$144K$667K40xas long as short
01 Exchange BTCUSD−0.0040%1h86,286.3+0.013%$363K$2.3M50xas long as short
Perpl BTC0.0000%43m86,286.3+0.013%$538K$21.3M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h86,307.7+0.038%$36.9M—200xas long as short
dYdX BTC-USD+0.0023%1h86,288.1+0.016%$16.9M$20.5M50xas long as short
Injective BTC/USDC PERP+0.0023%1h86,358+0.097%$343K$26.9M52xas long as short
Aster BTCUSDT+0.0031%8h86,300+0.029%$500.4M$1.13B200xas long as short
KuCoin XBTUSDTM+0.0043%8h86,300.2+0.029%$831.7M$718.4M125xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0048%1h86,289+0.017%$6.7M$145.8M40xas long as short
BingX BTC-USDT+0.0051%8h86,302.1+0.032%—$1.58B—as long as short
RISEx BTC/USDC+0.0052%1h86,287.3+0.015%$8.3M$42.4M25xas long as short
Bitget BTCUSDT+0.0065%8h86,295.7+0.024%$2.97B$5.05B150xas long as short
SoDEX BTC-USD+0.0078%1h86,305+0.035%$60.4M$338.2M40xas long as short
Aevo BTC-PERP+0.0080%1h86,292.5+0.021%$2.5M$1.8M20xas long as short
MEXC BTC_USDT+0.0083%8h86,301.5+0.031%$5.09B$5.74B500xas long as short
Binance BTCUSDT+0.0084%8h86,305.2+0.035%$9.40B$24.32B150xas long as short
Lighter BTC+0.0096%1h86,316.5+0.048%$170.5M$990.6M50xas long as short
Lighter RH BTC+0.0096%1h86,320.6+0.053%$23.7M$151.7M50xas long as short
Popdex BTCUSDT+0.0096%1h86,283+0.010%$8.4M$52.1M100xas long as short
Gate BTC_USDT+0.0099%8h86,304.2+0.034%$5.77B$10.61B200xas long as short
Katana Perps BTC-USD+0.0100%8h86,259−0.018%$196K$7.3M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,308.5+0.039%$4.2M$8.6M50xas long as short
Nado BTC-PERP+0.0100%1h86,275.10.000%$22.0M$227.0M50xas long as short
Hyperliquid BTC+0.0100%1h86,375+0.116%$3.78B$4.99B40xas long as short
Pacifica BTC+0.0100%1h86,315.1+0.047%$40.6M$558.6M50xas long as short
Bybit BTCUSDT+0.0100%8h86,309.3+0.040%$5.26B$9.64B150xas long as short
OKX BTC-USDT-SWAPshort+0.0100%8h86,311.3+0.042%$2.57B$12.46B100x
Ondo Perps BTC-USD.P+0.0100%1h86,280+0.006%$3.9M$17.8M25xas long as short
Arcus BTC-USD+0.0100%1h86,304.8+0.035%$7.2M$95.0M40xas long as short
Bulk BTC-USD+0.0100%1h86,145.7−0.150%$580.3M$59.0M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,292.9+0.021%$35.7M$160.5M75xas long as short
Variational Omni BTC+0.0100%8h86,226.1−0.056%$156.7M$559.2M—as long as short
edgeX BTCUSDC+0.0100%4h86,200.2−0.086%$278.4M$953.3M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,212.1−0.073%$216.4M$165.7M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,240.1−0.040%$141.3M$320.8M100xas long as short
StandX BTC-USD+0.0100%1h86,233.9−0.047%$30.6M$208.7M40xas long as short
Vest BTC-PERP+0.0100%1h86,318.1+0.050%—$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,288+0.015%$11.1M$14.1M50xas long as short
Bullet BTC-USD+0.0100%1h86,295.1+0.024%$191K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,294.9+0.023%$2.4M$9.1M100xas long as short
Derive BTC-PERP+0.0100%1h86,318.4+0.051%$30.3M$56.9M15xas long as short
SunX BTC-USDT+0.0100%8h86,257.2−0.020%$3.3M$5.4M100xas long as short
HTX BTC-USDTlong+0.0100%8h86,274.7long leg$2.29B$959.1M200x
Phemex BTCUSDT+0.0100%8h86,305.1+0.035%$155.2M$473.1M150xas long as short
Extended BTC-USD+0.0104%1h86,281+0.007%$46.0M$222.6M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,278.2+0.004%—$99.1M500xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,345.8+0.082%$132.3M$5.32B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,337.2+0.072%$191.4M$947.1M100xas long as short
Hibachi BTC/USDT-P+0.0160%1h86,254.4−0.024%$712K$7.9M30xas long as short
Aftermath Perps BTCUSD+0.0168%1h86,314.8+0.047%$77K$217K20xas long as short
Kalshi KXBTCPERP+0.0204%8h86,310+0.041%$10.6M$765.8M6.4xas long as short
BloFin BTC-USDT+0.0204%8h86,297+0.026%$416.1M$641.9M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0207% / S −0.0222%1h86,303.2+0.033%$14.5M—200xas long as short
Deribit BTC-PERPETUAL+0.0226%1h86,352.3+0.090%$902.2M$1.51B50xas long as short