Funding you earn now, next payment 00:00 UTC−0.0067%/8h= −7.4% APRnext payment −$0.67 per $10,000 · paid last 24h +0.019%
Price spread now: SunX against Kalshi−0.027%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$210.208% of the position
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 3 days (all we have)−0.096%−$10 · spread now −0.027%, 7d avg −0.005%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SunX is 0.022% cheaper against Kalshi than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.005%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXBTCPERP | 86,710 | 0.0167 | pay 0.0167% / 8h | 6h 11m | $9.6M | $727.7M | 6.4x |
| Short | SunX BTC-USDT | 86,686.9 | 0.0100 | get 0.0100% / 8h | 2h 11m | $3.4M | $5.5M | 100x |
Kalshi KXBTCPERP
SunX BTC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$14.11
- Price spread: −0.027% → −0.005%
- −$2.16
- Slippage, 4 orders
- −$2.82
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$37.08
- Costs to cover
- 0.208%
- Break-even
- never at this rate
Slippage from Kalshi: live order book, 3 min ago; SunX: live order book, 7 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, 3 min ago | 0.23 bp | 5.3 bp −$5 | 6.4 bp −$64 | 7.5 bp −$749 | 12.2 bp −$6,124 |
| Sell SunX live order book, 7 min ago | 0.66 bp | 5.3 bp −$5 | 6.5 bp −$65 | 8.3 bp −$835 | 11.6 bp −$5,791 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps BTCUSD | −0.0246% | 1h | 86,727 | +0.020% | $85K | $188K | 20x | as long as short |
| Perpl BTC | −0.0223% | 43m | 86,703.5 | −0.007% | $425K | $24.6M | 6.7x | as long as short |
| Phoenix BTC | −0.0103% | 1h | 86,676 | −0.039% | $2.2M | $12.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,680 | −0.035% | $9K | $3K | 50x | as long as short |
| dYdX BTC-USD | −0.0062% | 1h | 86,692.6 | −0.020% | $17.6M | $20.6M | 50x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 86,704.4 | −0.006% | $362K | $2.4M | 50x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,705.7 | −0.005% | $928.0M | $1.47B | 50x | as long as short |
| Aster BTCUSDT | +0.0004% | 8h | 86,661.5 | −0.056% | $506.0M | $1.16B | 200x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,702 | −0.009% | $36.9M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0006% | 8h | 86,668.7 | −0.048% | $851.2M | $707.8M | 125x | as long as short |
Aftermath Perps BTCUSD
Perpl BTC
Phoenix BTC
Hotstuff BTC-PERP
dYdX BTC-USD
01 Exchange BTCUSD
Deribit BTC-PERPETUAL
Aster BTCUSDT
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTMShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0022% | 1h | 86,678.2 | −0.037% | $6.7M | $144.4M | 40x | as long as short |
| Phemex BTCUSDT | +0.0029% | 8h | 86,679.3 | −0.035% | $150.1M | $472.0M | 150x | as long as short |
| BingX BTC-USDT | +0.0029% | 8h | 86,673.8 | −0.042% | — | $1.59B | — | as long as short |
| Bitget BTCUSDT | +0.0036% | 8h | 86,671.7 | −0.044% | $2.96B | $5.09B | 150x | as long as short |
| Injective BTC/USDC PERP | +0.0049% | 1h | 86,770 | +0.069% | $316K | $26.8M | 52x | as long as short |
| Binance BTCUSDT | +0.0060% | 8h | 86,674.2 | −0.041% | $9.43B | $24.37B | 150x | as long as short |
| MEXC BTC_USDT | +0.0060% | 8h | 86,678.1 | −0.037% | $5.19B | $5.71B | 500x | as long as short |
| RISEx BTC/USDC | +0.0063% | 1h | 86,700 | −0.012% | $9.3M | $41.9M | 25x | as long as short |
| Aevo BTC-PERP | +0.0064% | 1h | 86,672 | −0.044% | $2.4M | $1.3M | 20x | as long as short |
| Gate BTC_USDT | +0.0082% | 8h | 86,670.8 | −0.045% | $5.85B | $10.69B | 200x | as long as short |
| Bybit BTCUSDT | +0.0084% | 8h | 86,673.2 | −0.042% | $5.28B | $9.72B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0091% | 8h | 86,679.9 | −0.035% | $2.56B | $12.74B | 100x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,682.8 | −0.031% | $171.9M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,690.8 | −0.022% | $24.1M | $154.2M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,683 | −0.031% | $8.5M | $52.3M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,672 | −0.044% | $201K | $6.8M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,739 | +0.033% | $4.8M | $8.2M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,681.2 | −0.033% | $21.7M | $235.3M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,748 | +0.044% | $3.82B | $5.12B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,719.3 | +0.011% | $41.0M | $494.9M | 50x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,680 | −0.035% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,754.2 | +0.051% | $7.4M | $94.8M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,682.4 | −0.032% | $572.6M | $21.1M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,676.4 | −0.039% | $38.2M | $149.8M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,796.1 | +0.099% | $159.7M | $566.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,761.4 | +0.059% | $280.3M | $953.0M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,716 | +0.007% | $217.6M | $186.9M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,754.9 | +0.052% | $141.6M | $322.7M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,730.5 | +0.024% | $30.8M | $203.8M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,740.2 | +0.035% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,679 | −0.036% | $11.1M | $13.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,682.3 | −0.032% | $196K | $3.4M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,688.3 | −0.025% | $2.4M | $8.6M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,700.7 | −0.011% | $141K | $619K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,696.2 | −0.016% | $30.0M | $61.8M | 15x | as long as short |
| SunX BTC-USDTshort | +0.0100% | 8h | 86,686.9 | −0.027% | $3.4M | $5.5M | 100x | |
| SoDEX BTC-USD | +0.0100% | 1h | 86,671 | −0.045% | $60.6M | $336.6M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,670.8 | −0.045% | $2.30B | $959.6M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,657.4 | −0.061% | $46.4M | $226.6M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,710.9 | +0.001% | — | $98.8M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0116% | 1h | 86,701.4 | −0.010% | $187.9M | $934.0M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,719.2 | +0.011% | $131.9M | $5.84B | 50x | as long as short |
| Kalshi KXBTCPERPlong | +0.0167% | 8h | 86,710 | long leg | $9.6M | $727.7M | 6.4x | |
| BloFin BTC-USDT | +0.0180% | 8h | 86,682.4 | −0.032% | $416.7M | $655.5M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0180% / S −0.0209% | 1h | 86,697.7 | −0.014% | $15.0M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0192% | 1h | 86,711.1 | +0.001% | $780K | $7.8M | 30x | as long as short |
Reya BTCRUSDPERP
Phemex BTCUSDT
BingX BTC-USDT
Bitget BTCUSDT
Injective BTC/USDC PERP
Binance BTCUSDT
MEXC BTC_USDT
RISEx BTC/USDC
Aevo BTC-PERP
Gate BTC_USDT
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
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
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Coinbase International BTC-PERP-INTX
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P