Funding you earn now, next payment 00:00 UTC−0.0151%/8h= −16.5% APRnext payment −$1.51 per $10,000 · paid last 24h +0.003%
Price spread now: Bitget against Kalshi−0.018%7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$230.230% of the position
Funding, last 7 days−0.019%−$2 on $10k
+Price spread, last 7 days0.000%$0 · spread now −0.018%, 7d avg +0.003%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bitget is 0.021% cheaper against Kalshi than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.003%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXBTCPERP | 86,556 | 0.0202 | pay 0.0202% / 8h | 4h 54m | $9.7M | $738.6M | 6.4x |
| Short | Bitget BTCUSDT | 86,540.4 | 0.0051 | get 0.0051% / 8h | 54m 39s | $2.96B | $5.12B | 150x |
Kalshi KXBTCPERP
Bitget BTCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Kalshi. 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
- −$31.66
- Price spread: −0.018% → +0.003%
- −$2.07
- Slippage, 4 orders
- −$1.03
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$56.77
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage from Kalshi: live order book, 5 min ago; Bitget: live order book, 5 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 Kalshi live order book, 5 min ago | 0.41 bp | 5.5 bp −$6 | 6.8 bp −$68 | 7.4 bp −$741 | 11.8 bp −$5,889 |
| Sell Bitget live order book, 5 min ago | 0.01 bp | 6.0 bp −$6 | 6.1 bp −$61 | 7.7 bp −$767 | doesn't fit |
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 | −0.0159% | 1h | 86,468 | −0.102% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,528 | −0.032% | $9K | $3K | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0035% | 1h | 86,601 | +0.052% | $333K | $26.8M | 52x | as long as short |
| RISEx BTC/USDC | −0.0024% | 1h | 86,548.4 | −0.009% | $8.3M | $42.9M | 25x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 86,551.1 | −0.006% | $358K | $2.5M | 50x | as long as short |
| Aster BTCUSDT | −0.0004% | 8h | 86,540.3 | −0.018% | $503.9M | $1.15B | 200x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,559.3 | +0.004% | $36.9M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0008% | 8h | 86,532.4 | −0.027% | $850.3M | $713.8M | 125x | as long as short |
| Deribit BTC-PERPETUAL | +0.0021% | 1h | 86,563.8 | +0.009% | $917.2M | $1.49B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0024% | 1h | 86,530 | −0.030% | $6.7M | $145.2M | 40x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
Injective BTC/USDC PERP
RISEx BTC/USDC
01 Exchange BTCUSD
Aster BTCUSDT
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
Deribit BTC-PERPETUAL
Reya BTCRUSDPERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0040% | 8h | 86,523.8 | −0.037% | — | $15.4M | — | as long as short |
| dYdX BTC-USD | +0.0041% | 1h | 86,547.3 | −0.010% | $17.0M | $21.1M | 50x | as long as short |
| Phemex BTCUSDT | +0.0042% | 8h | 86,535.8 | −0.023% | $149.9M | $478.0M | 150x | as long as short |
| Bitget BTCUSDTshort | +0.0051% | 8h | 86,540.4 | −0.018% | $2.96B | $5.12B | 150x | |
| Aevo BTC-PERP | +0.0064% | 1h | 86,533.5 | −0.026% | $2.4M | $1.3M | 20x | as long as short |
| MEXC BTC_USDT | +0.0069% | 8h | 86,517.9 | −0.044% | $5.12B | $5.62B | 500x | as long as short |
| Binance BTCUSDT | +0.0070% | 8h | 86,539.9 | −0.019% | $9.43B | $24.52B | 150x | as long as short |
| Gate BTC_USDT | +0.0081% | 8h | 86,543.9 | −0.014% | $5.88B | $10.70B | 200x | as long as short |
| Aftermath Perps BTCUSD | +0.0086% | 1h | 86,463 | −0.107% | $79K | $220K | 20x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,538.2 | −0.021% | $170.5M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,538.2 | −0.021% | $24.0M | $151.2M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,541 | −0.017% | $8.5M | $52.5M | 100x | as long as short |
| Bybit BTCUSDT | +0.0099% | 8h | 86,539.4 | −0.019% | $5.26B | $9.80B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,526 | −0.035% | $199K | $7.0M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,562.9 | +0.008% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,546.4 | −0.011% | $21.9M | $234.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,615 | +0.068% | $3.80B | $5.10B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,554.3 | −0.002% | $41.2M | $521.5M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,540.3 | −0.018% | $2.54B | $12.73B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,530 | −0.030% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,571.9 | +0.018% | $7.6M | $94.7M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,382.9 | −0.200% | $571.1M | $18.1M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,528.6 | −0.032% | $37.9M | $154.6M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,463.3 | −0.107% | $155.7M | $568.3M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,420.7 | −0.156% | $279.3M | $944.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,455.1 | −0.117% | $217.0M | $173.5M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,442 | −0.132% | $141.3M | $323.3M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,523.5 | −0.038% | $30.7M | $204.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,573.8 | +0.021% | — | $11.7M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,534 | −0.025% | $11.1M | $13.8M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,542.9 | −0.015% | $190K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,540.6 | −0.018% | $2.4M | $8.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,571.1 | +0.017% | $140K | $663K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,571.2 | +0.018% | $30.6M | $62.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,459.3 | −0.112% | $3.4M | $5.4M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,531 | −0.029% | $60.5M | $337.6M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,522.6 | −0.039% | $2.30B | $969.4M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,524.1 | −0.037% | $45.3M | $226.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,554.2 | −0.002% | — | $99.0M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0110% | 1h | 86,555.1 | −0.001% | $192.1M | $948.0M | 100x | as long as short |
| Perpl BTC | +0.0112% | 43m | 86,529.7 | −0.030% | $417K | $23.4M | 6.7x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,573.2 | +0.020% | $132.6M | $5.68B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0160% | 1h | 86,481.4 | −0.086% | $718K | $8.1M | 30x | as long as short |
| BloFin BTC-USDT | +0.0189% | 8h | 86,530.5 | −0.029% | $414.8M | $656.3M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0190% / S −0.0212% | 1h | 86,554.3 | −0.002% | $15.1M | — | 200x | as long as short |
| Kalshi KXBTCPERPlong | +0.0202% | 8h | 86,556 | long leg | $9.7M | $738.6M | 6.4x |
BingX BTC-USDC
dYdX BTC-USD
Phemex BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Gate BTC_USDT
Aftermath Perps BTCUSD
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Bybit BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
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
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Perpl BTC
Coinbase International BTC-PERP-INTX
Hibachi BTC/USDT-P
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]