Funding you earn now, next payment 08:00 UTC+0.0074%/8h= +8.1% APRpaid last 24h −0.003%
Price spread now: HTX against Kraken Futures−0.005%7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$230.225% of the position
Funding, last 7 days−0.046%−$5 on $10k
+Price spread, last 4 days (all we have)−0.043%−$4 · spread now −0.005%, 7d avg −0.032%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and HTX is 0.027% dearer against Kraken Futures than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.032%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_XBTUSD | 85,165.1 | 0.0026 | pay 0.0003% / 1h | 20m 40s | $185.6M | $955.6M | 100x |
| Short | HTX BTC-USDT | 85,161 | 0.0100 | get 0.0100% / 8h | 20m 40s | $2.25B | $973.6M | 200x |
Kraken Futures PF_XBTUSD
HTX BTC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Kraken Futures. 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
- $15.49
- Price spread: −0.005% → −0.032%
- $2.67
- Slippage, 4 orders
- −$0.54
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$4.38
- Costs to cover
- 0.225%
- Break-even
- 9.0 days
Slippage from Kraken Futures: live order book, 4 min ago; HTX: live order book, 4 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 Kraken Futures live order book, 4 min ago | 0.06 bp | 5.1 bp −$5 | 5.5 bp −$55 | 7.0 bp −$700 | 9.0 bp −$4,506 |
| Sell HTX live order book, 4 min ago | 0.01 bp | 6.0 bp −$6 | 6.1 bp −$61 | 7.3 bp −$725 | 10.4 bp −$5,217 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,160 | −0.006% | $8K | $3K | 50x | as long as short |
| Phoenix BTC | −0.0034% | 1h | 85,189 | +0.028% | $2.3M | $10.8M | 40x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,150.1 | −0.018% | $421.9M | $685.2M | 150x | as long as short |
| KuCoin XBTUSDTM | −0.0017% | 8h | 85,160.9 | −0.005% | $927.4M | $777.7M | 125x | as long as short |
| Aster BTCUSDT | 0.0000% | 8h | 85,168.8 | +0.004% | $508.9M | $1.08B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,180.3 | +0.018% | $342K | $2.3M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,160.7 | −0.005% | $36.4M | — | 200x | as long as short |
| dYdX BTC-USD | +0.0007% | 1h | 85,179.3 | +0.017% | $16.7M | $21.0M | 50x | as long as short |
| Kraken Futures PF_XBTUSDlong | +0.0026% | 1h | 85,165.1 | long leg | $185.6M | $955.6M | 100x | |
| ApeX Omni BTCUSDT | +0.0058% | 1h | 85,166 | +0.001% | $139.5M | $312.5M | 100x | as long as short |
Hotstuff BTC-PERP
Phoenix BTC
BloFin BTC-USDT
KuCoin XBTUSDTM
Aster BTCUSDT
01 Exchange BTCUSD
gTrade (Gains Network) BTC/USD
dYdX BTC-USD
ApeX Omni BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0064% | 8h | 85,148.8 | −0.019% | — | $17.4M | — | as long as short |
| Injective BTC/USDC PERP | +0.0067% | 1h | 85,181 | +0.019% | $302K | $25.3M | 52x | as long as short |
| Bybit BTCUSDT | +0.0080% | 8h | 85,165.1 | 0.000% | $5.10B | $10.03B | 150x | as long as short |
| Nado BTC-PERP | +0.0085% | 1h | 85,137.4 | −0.033% | $24.0M | $220.8M | 50x | as long as short |
| Bitget BTCUSDT | +0.0095% | 8h | 85,173.5 | +0.010% | $2.97B | $5.21B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,182.5 | +0.020% | $168.4M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,181.1 | +0.019% | $23.6M | $148.7M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,173 | +0.009% | $8.4M | $57.7M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,149.1 | −0.019% | $2.4M | $6.7M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,146 | −0.022% | $268K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,213.9 | +0.057% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,247 | +0.096% | $3.74B | $5.08B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,197.2 | +0.038% | $40.3M | $606.1M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,175.7 | +0.012% | $9.37B | $25.15B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,187 | +0.026% | $2.60B | $12.26B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,153 | −0.014% | $3.8M | $17.3M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,185.1 | +0.024% | $4.7M | $97.4M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,294.4 | +0.152% | $693.5M | $241.4M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,171.7 | +0.008% | $5.47B | $11.13B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,182.1 | +0.020% | $5.03B | $5.76B | 500x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,145.6 | −0.023% | $36.9M | $188.3M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,136.5 | −0.034% | $156.2M | $549.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,142.9 | −0.026% | $282.3M | $957.0M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,184 | +0.022% | $213.9M | $159.1M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,154.9 | −0.012% | $30.0M | $211.9M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,231.4 | +0.078% | — | $10.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,171 | +0.007% | $10.9M | $14.9M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,160 | −0.006% | $198K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,161.6 | −0.004% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,191.4 | +0.031% | $193K | $796K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,139.1 | −0.030% | $29.5M | $45.3M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,176.7 | +0.014% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,154 | −0.013% | $59.7M | $336.6M | 40x | as long as short |
| HTX BTC-USDTshort | +0.0100% | 8h | 85,161 | −0.005% | $2.25B | $973.6M | 200x | |
| Phemex BTCUSDT | +0.0100% | 8h | 85,153.8 | −0.013% | $158.7M | $516.0M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,150.9 | −0.017% | $45.4M | $241.2M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,163.7 | −0.002% | — | $106.7M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,184.1 | +0.022% | $111.6M | $5.47B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0141% | 1h | 85,144.1 | −0.025% | $6.6M | $143.4M | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0167% | 1h | 85,195.2 | +0.035% | $840.4M | $1.67B | 50x | as long as short |
| Kalshi KXBTCPERP | +0.0170% | 8h | 85,187 | +0.026% | $12.1M | $737.3M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,193.4 | +0.033% | $8.8M | $42.9M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0174% / S −0.0147% | 1h | 85,159.7 | −0.006% | $13.0M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0232% | 1h | 85,201.5 | +0.043% | $678K | $7.7M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0289% | 1h | 85,208.2 | +0.051% | $81K | $254K | 20x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,170 | +0.006% | $458K | $18.4M | 6.7x | as long as short |
BingX BTC-USDC
Injective BTC/USDC PERP
Bybit BTCUSDT
Nado BTC-PERP
Bitget BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Binance BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
MEXC BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
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
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
Deribit BTC-PERPETUAL
Kalshi KXBTCPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
Perpl BTC