BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0045%/8h= +4.9% APRnext payment +$0.45 per $10,000 · paid last 24h +0.022%

Price spread now: HTX against KuCoin+0.026%51s7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$240.240% of the position

Long on KuCoin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 4 days (all we have)−0.092%−$9 · spread now +0.026%, 7d avg −0.012%

Together, before fees−0.062%−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and HTX is 0.038% dearer against KuCoin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.012%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XBTUSDTM	86,076.2	0.0054	pay 0.0054% / 8h	5h 52m	$942.9M	$634.7M	125x
Short	HTX BTC-USDT	86,098.7	0.0099	get 0.0099% / 8h	5h 52m	$2.27B	$805.1M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against KuCoin. 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

Position, each leg$Hold fordaysFee KuCoinbpFee HTXbpOrdersPrice spread, now +0.026%Rate

Funding earned: $9.36
Price spread: +0.026% → −0.012%: $3.78
Slippage, 4 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$10.88
Costs to cover: 0.240%
Break-even: 15.1 days

Slippage from KuCoin: live order book, 5 min ago; HTX: 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 KuCoin live order book, 5 min ago	0.01 bp	6.0 bp −$6	7.2 bp −$72	9.4 bp −$938	doesn't fit
Sell HTX live order book, 5 min ago	0.01 bp	6.0 bp −$6	6.0 bp −$60	6.4 bp −$642	10.0 bp −$4,997

BTC on 55 exchanges

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	−0.0133%	1h	86,126	+0.058%	$2.0M	$7.8M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,197	+0.140%	$8K	$2K	50x	as long as short
01 Exchange BTCUSD	−0.0024%	1h	86,076.4	0.000%	$363K	$2.0M	50x	as long as short
BloFin BTC-USDT	−0.0020%	8h	86,091.8	+0.018%	$421.2M	$564.2M	150x	as long as short
SoDEX BTC-USD	−0.0011%	1h	86,100	+0.028%	$65.9M	$188.0M	40x	as long as short
dYdX BTC-USD	0.0000%	1h	86,064.4	−0.014%	$16.9M	$14.6M	50x	as long as short
Perpl BTC	0.0000%	43m	86,108.2	+0.037%	$481K	$13.8M	6.7x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	86,111.6	+0.041%	$36.8M	—	200x	as long as short
Injective BTC/USDC PERP	+0.0009%	1h	86,214	+0.160%	$301K	$26.1M	52x	as long as short
Aster BTCUSDT	+0.0028%	8h	86,076	0.000%	$513.2M	$875.2M	200x	as long as short

Show all 55 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_XBTUSD	+0.0029%	1h	86,122.6	+0.054%	$191.2M	$770.6M	100x	as long as short
BingX BTC-USDT	+0.0030%	8h	86,090.7	+0.017%	—	$1.33B	—	as long as short
Bybit BTCUSDT	+0.0036%	8h	86,094	+0.021%	$5.14B	$8.14B	150x	as long as short
ApeX Omni BTCUSDT	+0.0037%	1h	86,155.8	+0.092%	$137.8M	$295.3M	100x	as long as short
KuCoin XBTUSDTMlong	+0.0054%	8h	86,076.2	long leg	$942.9M	$634.7M	125x
Gate BTC_USDT	+0.0063%	8h	86,080.2	+0.005%	$5.51B	$8.88B	200x	as long as short
Popdex BTCUSDT	+0.0072%	1h	86,073	−0.004%	$8.8M	$45.3M	100x	as long as short
Phemex BTCUSDT	+0.0081%	8h	86,096.9	+0.024%	$170.7M	$479.4M	150x	as long as short
Bitget BTCUSDT	+0.0095%	8h	86,071.1	−0.006%	$2.99B	$3.97B	150x	as long as short
Lighter BTC	+0.0096%	1h	86,078.8	+0.003%	$173.6M	$852.5M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,073.6	−0.003%	$23.5M	$118.7M	50x	as long as short
Aevo BTC-PERP	+0.0096%	1h	86,087.7	+0.013%	$2.4M	$6.7M	20x	as long as short
HTX BTC-USDTshort	+0.0099%	8h	86,098.7	+0.026%	$2.27B	$805.1M	200x
Binance BTCUSDT	+0.0099%	8h	86,084.1	+0.009%	$9.46B	$20.58B	150x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,048	−0.033%	$218K	$8.1M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,112	+0.042%	$6.0M	$7.6M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,059.5	−0.019%	$23.5M	$196.0M	50x	as long as short
Pacifica BTC	+0.0100%	1h	86,101.8	+0.030%	$40.4M	$570.0M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,095.6	+0.023%	$2.61B	$9.50B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,063	−0.015%	$4.0M	$15.1M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,105.1	+0.034%	$4.2M	$90.6M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,169.3	+0.108%	$716.4M	$134.3M	40x	as long as short
MEXC BTC_USDT	+0.0100%	8h	86,084	+0.009%	$5.18B	$4.82B	500x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,094.4	+0.021%	$38.7M	$196.3M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,125.5	+0.057%	$158.0M	$474.6M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,136.3	+0.070%	$290.0M	$813.0M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,151.9	+0.088%	$216.4M	$133.7M	50x	as long as short
StandX BTC-USD	+0.0100%	1h	86,151	+0.087%	$30.3M	$222.8M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,134.7	+0.068%	—	$9.4M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,077	+0.001%	$11.0M	$12.0M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,093.8	+0.020%	$205K	$3.2M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,080.1	+0.005%	$2.7M	$8.9M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	86,149.8	+0.086%	$195K	$564K	40x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,124.6	+0.056%	$3.2M	$6.6M	100x	as long as short
Extended BTC-USD	+0.0104%	1h	86,046.1	−0.035%	$47.0M	$203.3M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	86,101.5	+0.029%	—	$81.7M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0120%	1h	86,153.6	+0.090%	$112.3M	$4.98B	50x	as long as short
Hyperliquid BTC	+0.0159%	1h	86,166	+0.104%	$3.97B	$4.36B	40x	as long as short
Kalshi KXBTCPERP	+0.0160%	8h	86,134	+0.067%	$11.8M	$732.6M	6.4x	as long as short
Reya BTCRUSDPERP	+0.0163%	1h	86,062.8	−0.016%	$6.6M	$131.1M	40x	as long as short
RISEx BTC/USDC	+0.0187%	1h	86,098.7	+0.026%	$8.9M	$37.1M	25x	as long as short
Deribit BTC-PERPETUAL	+0.0208%	1h	86,161.1	+0.099%	$822.7M	$1.51B	50x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0210% / S −0.0250%	1h	86,110.4	+0.040%	$15.6M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0352%	1h	86,160	+0.097%	$727K	$7.0M	30x	as long as short
Aftermath Perps BTCUSD	+0.0450%	1h	86,144.6	+0.080%	$79K	$245K	20x	as long as short