Funding you earn now, next payment 04:00 UTC+0.0217%/8h= +23.7% APRnext payment +$2.17 per $10,000 · paid last 24h −0.003%
Price spread now: Kalshi against KuCoin+0.085%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$230.235% of the position
Funding, last 7 days+0.037%+$4 on $10k
+Price spread, last 7 days−0.059%−$6 · spread now +0.085%, 7d avg −0.002%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Kalshi is 0.088% dearer against KuCoin than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.002%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.037% in total (about 1.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.17 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin XBTUSDTM | 85,650 | 0.0003 | pay 0.0003% / 8h | 5h 07m | $919.3M | $751.7M | 125x |
| Short | Kalshi KXBTCPERP | 85,723 | 0.0220 | get 0.0220% / 8h | 1h 07m | $10.7M | $758.6M | 6.4x |
KuCoin XBTUSDTM
Kalshi KXBTCPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against KuCoin. 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
- $45.53
- Price spread: +0.085% → −0.002%
- $8.75
- Slippage, 4 orders
- −$1.45
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- $30.84
- Costs to cover
- 0.235%
- Break-even
- 2.3 days
Slippage from KuCoin: live order book, 2 min ago; Kalshi: live order book, 2 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, 2 min ago | 0.01 bp | 6.0 bp −$6 | 6.0 bp −$60 | 7.8 bp −$778 | doesn't fit |
| Sell Kalshi live order book, 2 min ago | 0.06 bp | 5.2 bp −$5 | 6.4 bp −$64 | 7.3 bp −$732 | 11.6 bp −$5,803 |
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 | −0.0510% | 1h | 85,740.8 | +0.106% | $197K | $722K | 40x | as long as short |
| Phoenix BTC | −0.0160% | 1h | 85,805 | +0.181% | $2.2M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,707 | +0.067% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0040% | 1h | 85,694.4 | +0.052% | $369K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0032% | 8h | 85,679.8 | +0.035% | $415.5M | $665.4M | 150x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,713.3 | +0.074% | $16.7M | $21.2M | 50x | as long as short |
| KuCoin XBTUSDTMlong | +0.0003% | 8h | 85,650 | long leg | $919.3M | $751.7M | 125x | |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,717.2 | +0.078% | $36.6M | — | 200x | as long as short |
| Nado BTC-PERP | +0.0016% | 1h | 85,692.8 | +0.050% | $22.6M | $219.5M | 50x | as long as short |
| Aster BTCUSDT | +0.0018% | 8h | 85,678.3 | +0.033% | $516.3M | $1.10B | 200x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
dYdX BTC-USD
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-USDT | +0.0058% | 8h | 85,682.1 | +0.037% | — | $1.53B | — | as long as short |
| Bitget BTCUSDT | +0.0072% | 8h | 85,658.6 | +0.010% | $2.96B | $5.01B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0073% | 1h | 85,690.1 | +0.047% | $6.7M | $146.5M | 40x | as long as short |
| Injective BTC/USDC PERP | +0.0079% | 1h | 85,807 | +0.183% | $341K | $26.9M | 52x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,696.4 | +0.054% | $2.5M | $1.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0087% | 8h | 85,658.4 | +0.010% | $5.07B | $5.65B | 500x | as long as short |
| Binance BTCUSDT | +0.0088% | 8h | 85,666.9 | +0.020% | $9.34B | $23.92B | 150x | as long as short |
| HTX BTC-USDT | +0.0092% | 8h | 85,681.1 | +0.036% | $2.27B | $936.7M | 200x | as long as short |
| SoDEX BTC-USD | +0.0092% | 1h | 85,687 | +0.043% | $60.0M | $336.2M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,692.5 | +0.050% | $174.6M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,698.7 | +0.057% | $23.9M | $149.6M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,693 | +0.050% | $8.4M | $52.3M | 100x | as long as short |
| Phemex BTCUSDT | +0.0096% | 8h | 85,693.3 | +0.051% | $149.4M | $480.6M | 150x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,736.6 | +0.101% | $3.8M | $8.3M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,665 | +0.018% | $199K | $7.8M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,761 | +0.130% | $3.75B | $4.96B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,716.1 | +0.077% | $40.1M | $576.5M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,673.7 | +0.028% | $5.33B | $9.57B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,672.6 | +0.026% | $2.58B | $12.11B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,671 | +0.025% | $3.9M | $18.0M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,671.3 | +0.025% | $6.8M | $97.6M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,800.8 | +0.176% | $635.6M | $478.1M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,689.5 | +0.046% | $5.55B | $10.57B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,676.9 | +0.031% | $35.8M | $174.2M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,777.2 | +0.149% | $157.4M | $555.4M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,776.1 | +0.147% | $280.2M | $917.0M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,772.7 | +0.143% | $215.4M | $165.7M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,779.4 | +0.151% | $140.2M | $314.8M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,714.7 | +0.076% | $30.3M | $208.6M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,745 | +0.111% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,694 | +0.051% | $11.1M | $14.2M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,703.1 | +0.062% | $192K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,700 | +0.058% | $2.4M | $8.8M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,693.6 | +0.051% | $30.0M | $51.0M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,682.5 | +0.038% | $2.9M | $6.1M | 100x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,633.4 | −0.019% | $44.3M | $226.7M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,693.9 | +0.051% | — | $106.1M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,715.5 | +0.076% | $123.5M | $5.11B | 50x | as long as short |
| RISEx BTC/USDC | +0.0120% | 1h | 85,725 | +0.088% | $8.4M | $42.3M | 25x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0138% | 1h | 85,710.9 | +0.071% | $189.2M | $953.1M | 100x | as long as short |
| Deribit BTC-PERPETUAL | +0.0153% | 1h | 85,732.8 | +0.097% | $891.5M | $1.53B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0192% | 1h | 85,753.2 | +0.120% | $703K | $7.8M | 30x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0202% / S −0.0177% | 1h | 85,708.2 | +0.068% | $13.5M | — | 200x | as long as short |
| Aftermath Perps BTCUSD | +0.0206% | 1h | 85,772 | +0.142% | $78K | $219K | 20x | as long as short |
| Kalshi KXBTCPERPshort | +0.0220% | 8h | 85,723 | +0.085% | $10.7M | $758.6M | 6.4x | |
| Perpl BTC | +0.0447% | 43m | 85,719.3 | +0.081% | $501K | $19.2M | 6.7x | as long as short |
BingX BTC-USDT
Bitget BTCUSDT
Reya BTCRUSDPERP
Injective BTC/USDC PERP
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
HTX BTC-USDT
SoDEX BTC-USD
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Phemex BTCUSDT
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
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
Deribit BTC-PERPETUAL
Hibachi BTC/USDT-P
GMX BTC/USD [WBTC.b-USDC]
Aftermath Perps BTCUSD
Perpl BTC