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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 23:00 UTC−0.0108%/8h= −11.8% APRpaid last 24h −0.022%
Price spread now: 01 Exchange against HTX+0.037%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$210.208% of the position
Long on HTXShort on 01 Exchange
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.049%−$5 on $10k
Price spread, last 3 days (all we have)+0.074%+$7 · spread now +0.037%, 7d avg +0.032%
Together, before fees+0.024%+$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.032%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BTC-USDT86,560.10.0100pay 0.0100% / 8h1h 52m$2.30B$960.6M200x
Short01 Exchange BTCUSD86,591.9−0.0008pay 0.0001% / 1h52m 32s$359K$2.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$22.68
Price spread: +0.037% → +0.032%
$0.44
Slippage, 4 orders
−$1.83
Fee HTX: 6 bp × 2 orders
−$12
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$43.07
Costs to cover
0.208%
Break-even
never at this rate
Slippage from HTX: live order book, 2 min ago; 01 Exchange: 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 −$606.5 bp −$6469.4 bp −$4,711
Sell 01 Exchange live order book, 2 min ago0.01 bp3.9 bp −$49.2 bp −$92doesn't fitdoesn't fit

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
Aftermath Perps BTCUSD−0.0212%1h86,621.8+0.071%$79K$197K20xas long as short
Phoenix BTC−0.0159%1h86,601+0.047%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,564+0.005%$9K$3K50xas long as short
dYdX BTC-USD−0.0028%1h86,590.3+0.035%$17.6M$20.6M50xas long as short
01 Exchange BTCUSDshort−0.0008%1h86,591.9+0.037%$359K$2.4M50x
Aster BTCUSDT−0.0006%8h86,568.1+0.009%$505.4M$1.16B200xas long as short
Perpl BTC0.0000%43m86,602.9+0.049%$421K$24.2M6.7xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,580.3+0.023%$926.0M$1.47B50xas long as short
KuCoin XBTUSDTM+0.0003%8h86,559.6−0.001%$851.0M$709.6M125xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,587.5+0.032%$36.8M—200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
RISEx BTC/USDC+0.0006%1h86,585.5+0.029%$8.5M$43.2M25xas long as short
Hibachi BTC/USDT-P+0.0008%1h86,638.1+0.090%$725K$8.1M30xas long as short
Reya BTCRUSDPERP+0.0022%1h86,557.5−0.003%$6.7M$144.7M40xas long as short
Injective BTC/USDC PERP+0.0024%1h86,587+0.031%$315K$26.8M52xas long as short
Phemex BTCUSDT+0.0029%8h86,545.6−0.017%$149.6M$473.5M150xas long as short
BingX BTC-USDT+0.0030%8h86,574.8+0.017%—$1.59B—as long as short
Bitget BTCUSDT+0.0038%8h86,575+0.017%$2.95B$5.09B150xas long as short
Aevo BTC-PERP+0.0056%1h86,548.6−0.013%$2.4M$1.3M20xas long as short
MEXC BTC_USDT+0.0059%8h86,571.6+0.013%$5.19B$5.61B500xas long as short
Binance BTCUSDT+0.0060%8h86,571.7+0.013%$9.42B$24.39B150xas long as short
SoDEX BTC-USD+0.0062%1h86,547−0.015%$60.5M$336.7M40xas long as short
Gate BTC_USDT+0.0084%8h86,567.2+0.008%$5.85B$10.62B200xas long as short
Bybit BTCUSDT+0.0088%8h86,576+0.018%$5.27B$9.74B150xas long as short
Lighter BTC+0.0096%1h86,585.2+0.029%$172.0M$997.2M50xas long as short
Lighter RH BTC+0.0096%1h86,598+0.044%$24.0M$151.6M50xas long as short
Popdex BTCUSDT+0.0096%1h86,576+0.018%$8.5M$52.3M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,561+0.001%$205K$6.9M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,614.3+0.063%$4.8M$8.3M50xas long as short
Nado BTC-PERP+0.0100%1h86,545.6−0.017%$21.6M$234.2M50xas long as short
Hyperliquid BTC+0.0100%1h86,627+0.077%$3.81B$5.08B40xas long as short
Pacifica BTC+0.0100%1h86,610.2+0.058%$41.0M$499.4M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,578.6+0.021%$2.55B$12.72B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,570+0.011%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,648.3+0.102%$7.4M$94.1M40xas long as short
Bulk BTC-USD+0.0100%1h86,590.2+0.035%$572.1M$20.3M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,547−0.015%$38.2M$153.1M75xas long as short
Variational Omni BTC+0.0100%8h86,582.6+0.026%$156.4M$568.8M—as long as short
edgeX BTCUSDC+0.0100%4h86,613.4+0.062%$279.8M$941.9M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,665.5+0.122%$217.4M$182.6M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,648.6+0.102%$141.6M$323.0M100xas long as short
StandX BTC-USD+0.0100%1h86,577.3+0.020%$30.7M$202.9M40xas long as short
Vest BTC-PERP+0.0100%1h86,624.6+0.075%—$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,577+0.020%$11.1M$13.6M50xas long as short
Bullet BTC-USD+0.0100%1h86,568+0.009%$193K$3.4M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,563.9+0.004%$2.4M$8.6M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,574.1+0.016%$140K$618K40xas long as short
Derive BTC-PERP+0.0100%1h86,548−0.014%$30.0M$61.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,580.8+0.024%$3.4M$5.5M100xas long as short
HTX BTC-USDTlong+0.0100%8h86,560.1long leg$2.30B$960.6M200x
Extended BTC-USD+0.0104%1h86,558.1−0.002%$46.4M$226.5M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,611.4+0.059%—$98.9M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,594.7+0.040%$131.6M$5.80B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,579.9+0.023%$191.3M$937.3M100xas long as short
BloFin BTC-USDT+0.0180%8h86,545.9−0.016%$416.7M$655.0M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0180% / S −0.0210%1h86,580.8+0.024%$15.0M—200xas long as short
Kalshi KXBTCPERP+0.0187%8h86,614+0.062%$9.5M$726.8M6.4xas long as short