Funding you earn now, next payment 04:00 UTC−0.0119%/8h= −13.0% APRnext payment −$1.19 per $10,000 · paid last 24h +0.011%
Price spread now: OKX against Kalshi−0.045%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$210.209% of the position
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 7 days+0.014%+$1 · spread now −0.045%, 7d avg +0.005%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and OKX is 0.050% cheaper against Kalshi than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.005%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXBTCPERP | 85,790 | 0.0219 | pay 0.0219% / 8h | 1h 12m | $10.6M | $758.1M | 6.4x |
| Short | OKX BTC-USDT-SWAP | 85,751.4 | 0.0100 | get 0.0100% / 8h | 5h 12m | $2.58B | $12.11B | 100x |
Kalshi KXBTCPERP
OKX BTC-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$24.97
- Price spread: −0.045% → +0.005%
- −$4.96
- Slippage, 4 orders
- −$0.9
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$50.83
- Costs to cover
- 0.209%
- Break-even
- never at this rate
Slippage from Kalshi: live order book, 1 min ago; OKX: live order book, 1 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, 1 min ago | 0.17 bp | 5.5 bp −$5 | 6.6 bp −$66 | 7.3 bp −$726 | 11.7 bp −$5,861 |
| Sell OKX live order book, 1 min ago | 0.01 bp | 5.1 bp −$5 | 6.4 bp −$64 | 7.0 bp −$696 | 8.2 bp −$4,077 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.0681% | 1h | 85,789.2 | −0.001% | $196K | $721K | 40x | as long as short |
| Phoenix BTC | −0.0160% | 1h | 85,753 | −0.043% | $2.2M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,785 | −0.006% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0040% | 1h | 85,774.5 | −0.018% | $369K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0032% | 8h | 85,743.9 | −0.054% | $417.6M | $665.4M | 150x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,797.8 | +0.009% | $16.8M | $21.2M | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0004% | 8h | 85,738.1 | −0.061% | $918.7M | $751.4M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 85,774.6 | −0.018% | $36.6M | — | 200x | as long as short |
| Nado BTC-PERP | +0.0011% | 1h | 85,772.2 | −0.021% | $22.6M | $219.5M | 50x | as long as short |
| Aster BTCUSDT | +0.0019% | 8h | 85,748.7 | −0.048% | $516.6M | $1.10B | 200x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
dYdX BTC-USD
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USD
Nado BTC-PERP
Aster BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0056% | 8h | 85,734.9 | −0.064% | — | $17.0M | — | as long as short |
| Bitget BTCUSDT | +0.0071% | 8h | 85,743.7 | −0.054% | $2.96B | $5.02B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0072% | 1h | 85,766.8 | −0.027% | $6.7M | $146.5M | 40x | as long as short |
| Injective BTC/USDC PERP | +0.0079% | 1h | 85,807 | +0.020% | $341K | $26.9M | 52x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,744.5 | −0.053% | $2.5M | $1.7M | 20x | as long as short |
| Phemex BTCUSDT | +0.0083% | 8h | 85,744.3 | −0.053% | $148.8M | $479.8M | 150x | as long as short |
| MEXC BTC_USDT | +0.0087% | 8h | 85,734 | −0.065% | $5.07B | $5.64B | 500x | as long as short |
| Binance BTCUSDT | +0.0088% | 8h | 85,740 | −0.058% | $9.35B | $23.87B | 150x | as long as short |
| HTX BTC-USDT | +0.0090% | 8h | 85,738.8 | −0.060% | $2.27B | $935.9M | 200x | as long as short |
| SoDEX BTC-USD | +0.0094% | 1h | 85,748 | −0.049% | $60.0M | $336.2M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,752.8 | −0.043% | $174.9M | $1.00B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,746.8 | −0.050% | $23.9M | $149.4M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,772 | −0.021% | $8.4M | $52.2M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,813.4 | +0.027% | $3.8M | $8.2M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,744 | −0.054% | $198K | $7.8M | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0100% | 1h | 85,785.8 | −0.005% | $891.6M | $1.53B | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,821 | +0.036% | $3.75B | $4.98B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,805.4 | +0.018% | $40.2M | $577.3M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,745.5 | −0.052% | $5.33B | $9.57B | 150x | as long as short |
| OKX BTC-USDT-SWAPshort | +0.0100% | 8h | 85,751.4 | −0.045% | $2.58B | $12.11B | 100x | |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,755 | −0.041% | $3.9M | $18.0M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,747.8 | −0.049% | $6.8M | $97.5M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,800.8 | +0.013% | $635.6M | $478.1M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,754.6 | −0.041% | $5.56B | $10.56B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,738.3 | −0.060% | $35.3M | $172.9M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,806.6 | +0.019% | $157.6M | $550.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,742.6 | −0.055% | $280.1M | $921.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,770.9 | −0.022% | $215.4M | $166.0M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,773.2 | −0.020% | $140.4M | $314.6M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,766.5 | −0.027% | $30.3M | $209.3M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,824.7 | +0.040% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,771 | −0.022% | $11.0M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,766.7 | −0.027% | $191K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,746 | −0.051% | $2.4M | $8.8M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,745.2 | −0.052% | $30.0M | $50.9M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,741.2 | −0.057% | $2.9M | $6.1M | 100x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,721.1 | −0.080% | $44.2M | $226.6M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,772.1 | −0.021% | — | $105.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,777 | −0.015% | $127.8M | $5.10B | 50x | as long as short |
| RISEx BTC/USDC | +0.0120% | 1h | 85,801 | +0.013% | $8.4M | $42.2M | 25x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0138% | 1h | 85,768.8 | −0.025% | $189.3M | $952.5M | 100x | as long as short |
| Hibachi BTC/USDT-P | +0.0200% | 1h | 85,784.3 | −0.007% | $704K | $7.8M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0201% | 1h | 85,793.4 | +0.004% | $78K | $219K | 20x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0202% / S −0.0178% | 1h | 85,768.9 | −0.025% | $13.6M | — | 200x | as long as short |
| Kalshi KXBTCPERPlong | +0.0219% | 8h | 85,790 | long leg | $10.6M | $758.1M | 6.4x | |
| Perpl BTC | +0.0447% | 43m | 85,789.9 | 0.000% | $506K | $19.2M | 6.7x | as long as short |
BingX BTC-USDC
Bitget BTCUSDT
Reya BTCRUSDPERP
Injective BTC/USDC PERP
Aevo BTC-PERP
Phemex BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
HTX BTC-USDT
SoDEX BTC-USD
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Deribit BTC-PERPETUAL
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
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
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
RISEx BTC/USDC
Kraken Futures PF_XBTUSD
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
GMX BTC/USD [WBTC.b-USDC]
Perpl BTC