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Funding arb · Price arb /

BTC

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.009%
Price spread now: StandX against HTX−0.028%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$220.223% of the position
Long on HTXShort on StandX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.064%+$6 on $10k
Price spread, last 3 days (all we have)+0.081%+$8 · spread now −0.028%, 7d avg +0.005%
Together, before fees+0.145%+ Points / potential airdropStandX: Active · farm board+$15 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: StandX is 0.033% cheaper against HTX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.005%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BTC-USDT86,617.60.0100pay 0.0100% / 8h1h 42m$2.30B$958.5M200x
ShortStandX BTC-USD86,593.70.0100get 0.0013% / 1h42m 41s$30.7M$203.0M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX 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: −0.028% → +0.005%
−$3.25
Slippage, 4 orders
−$2.28
Fee HTX: 6 bp × 2 orders
−$12
Fee StandX: 4 bp × 2 orders
−$8
Net
−$25.54
Costs to cover
0.223%
Break-even
never at this rate
Slippage from HTX: live order book, 2 min ago; StandX: live order book, 2 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, 2 min ago0.01 bp6.0 bp −$66.0 bp −$606.9 bp −$6919.8 bp −$4,898
Sell StandX live order book, 2 min ago0.63 bp5.3 bp −$56.3 bp −$637.4 bp −$7389.4 bp −$4,713

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
Bluefin BTC-PERP−0.1210%1h86,637.4+0.023%$141K$618K40xas long as short
Aftermath Perps BTCUSD−0.0175%1h86,597.5−0.023%$79K$199K20xas long as short
Phoenix BTC−0.0159%1h86,603−0.017%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,623+0.006%$9K$3K50xas long as short
dYdX BTC-USD−0.0013%1h86,682.4+0.075%$17.5M$20.3M50xas long as short
Aster BTCUSDT−0.0007%8h86,658.2+0.047%$505.8M$1.15B200xas long as short
01 Exchange BTCUSD0.0000%1h86,646.7+0.034%$359K$2.4M50xas long as short
Perpl BTC0.0000%43m86,615.3−0.003%$420K$24.0M6.7xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,653.3+0.041%$925.6M$1.47B50xas long as short
KuCoin XBTUSDTM+0.0002%8h86,630+0.014%$852.6M$707.7M125xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,640+0.026%$36.8M—200xas long as short
RISEx BTC/USDC+0.0006%1h86,629.6+0.014%$8.6M$43.2M25xas long as short
Reya BTCRUSDPERP+0.0022%1h86,621.3+0.004%$6.7M$144.8M40xas long as short
Injective BTC/USDC PERP+0.0024%1h86,559−0.068%$315K$26.8M52xas long as short
Phemex BTCUSDT+0.0024%8h86,619.6+0.002%$149.6M$473.0M150xas long as short
Hibachi BTC/USDT-P+0.0024%1h86,629.6+0.014%$734K$8.1M30xas long as short
BingX BTC-USDC+0.0031%8h86,657.8+0.046%—$15.3M—as long as short
Bitget BTCUSDT+0.0041%8h86,669.8+0.060%$2.96B$5.07B150xas long as short
Aevo BTC-PERP+0.0056%1h86,613.1−0.005%$2.4M$1.3M20xas long as short
MEXC BTC_USDT+0.0060%8h86,669.2+0.060%$5.19B$5.63B500xas long as short
Binance BTCUSDT+0.0060%8h86,672.1+0.063%$9.43B$24.31B150xas long as short
Gate BTC_USDT+0.0084%8h86,655.7+0.044%$5.86B$10.64B200xas long as short
Bybit BTCUSDT+0.0090%8h86,666.7+0.057%$5.28B$9.70B150xas long as short
Lighter BTC+0.0096%1h86,661+0.050%$172.4M$1.00B50xas long as short
Lighter RH BTC+0.0096%1h86,686.4+0.079%$24.1M$151.8M50xas long as short
Popdex BTCUSDT+0.0096%1h86,625+0.009%$8.5M$52.1M100xas long as short
SoDEX BTC-USD+0.0098%1h86,614−0.004%$60.5M$336.9M40xas long as short
Nado BTC-PERP+0.0099%1h86,606.4−0.013%$21.8M$233.4M50xas long as short
Katana Perps BTC-USD+0.0100%8h86,613−0.005%$206K$6.9M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,708.7+0.105%$4.8M$8.3M50xas long as short
Hyperliquid BTC+0.0100%1h86,739+0.140%$3.82B$5.10B40xas long as short
Pacifica BTC+0.0100%1h86,691.7+0.086%$40.9M$504.7M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,673.2+0.064%$2.55B$12.70B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,690+0.084%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,737.2+0.138%$7.4M$93.8M40xas long as short
Bulk BTC-USD+0.0100%1h86,527.4−0.104%$571.7M$19.3M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,632.5+0.017%$38.5M$153.1M75xas long as short
Variational Omni BTC+0.0100%8h86,560.2−0.066%$156.7M$569.2M—as long as short
edgeX BTCUSDC+0.0100%4h86,583.1−0.040%$279.6M$943.8M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,610.1−0.009%$217.3M$177.3M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,623.7+0.007%$141.6M$323.1M100xas long as short
StandX BTC-USDshort+0.0100%1h86,593.7−0.028%$30.7M$203.0M40x
Vest BTC-PERP+0.0100%1h86,673+0.064%—$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,633+0.018%$11.1M$13.5M50xas long as short
Bullet BTC-USD+0.0100%1h86,621+0.004%$193K$3.4M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,624.3+0.008%$2.5M$8.6M100xas long as short
Derive BTC-PERP+0.0100%1h86,617.30.000%$30.0M$61.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,615.5−0.002%$3.4M$5.4M100xas long as short
HTX BTC-USDTlong+0.0100%8h86,617.6long leg$2.30B$958.5M200x
Extended BTC-USD+0.0104%1h86,650.3+0.038%$46.3M$224.9M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,620.2+0.003%—$98.6M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,664.3+0.054%$131.8M$5.73B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,654.1+0.042%$191.5M$936.4M100xas long as short
BloFin BTC-USDT+0.0180%8h86,618.8+0.001%$415.5M$653.0M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0180% / S −0.0208%1h86,635.5+0.021%$15.1M—200xas long as short
Kalshi KXBTCPERP+0.0191%8h86,649+0.036%$9.6M$726.4M6.4xas long as short