Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: HTX against OKX−0.025%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$220.220% of the position
Funding, last 7 days−0.025%−$2 on $10k
+Price spread, last 4 days (all we have)−0.049%−$5 · spread now −0.025%, 7d avg −0.015%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX BTC-USDT-SWAP | 85,660.1 | 0.0100 | pay 0.0100% / 8h | 3h 52m | $2.59B | $12.17B | 100x |
| Short | HTX BTC-USDT | 85,639 | 0.0100 | get 0.0100% / 8h | 3h 52m | $2.27B | $946.4M | 200x |
OKX BTC-USDT-SWAP
HTX BTC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against OKX. 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
- $0
- Price spread: −0.025% → −0.015%
- −$0.92
- Slippage, 4 orders
- −$0.02
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$22.94
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; HTX: 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 OKX live order book, 2 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.7 bp −$567 | 7.1 bp −$3,564 |
| Sell HTX live order book, 2 min ago | 0.01 bp | 6.0 bp −$6 | 6.6 bp −$66 | 8.1 bp −$814 | 10.9 bp −$5,441 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0140% | 1h | 85,646 | −0.016% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,702 | +0.049% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0037% | 8h | 85,650.3 | −0.011% | $918.1M | $755.9M | 125x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,679.8 | +0.023% | $418.1M | $676.0M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 85,676.9 | +0.020% | $367K | $2.3M | 50x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,681.5 | +0.025% | $16.8M | $21.2M | 50x | as long as short |
| Nado BTC-PERP | +0.0004% | 1h | 85,662.7 | +0.003% | $24.8M | $222.8M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,672.2 | +0.014% | $36.6M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0012% | 8h | 85,651.7 | −0.010% | $516.0M | $1.10B | 200x | as long as short |
| Deribit BTC-PERPETUAL | +0.0042% | 1h | 85,690.8 | +0.036% | $884.9M | $1.59B | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
01 Exchange BTCUSD
dYdX BTC-USD
Nado BTC-PERP
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
Deribit BTC-PERPETUALShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0044% | 1h | 85,690 | +0.035% | $340K | $26.9M | 52x | as long as short |
| BingX BTC-USDT | +0.0063% | 8h | 85,662.2 | +0.002% | — | $1.54B | — | as long as short |
| Phemex BTCUSDT | +0.0068% | 8h | 85,644.5 | −0.018% | $148.8M | $490.2M | 150x | as long as short |
| Bitget BTCUSDT | +0.0080% | 8h | 85,657.2 | −0.003% | $2.96B | $5.10B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0091% | 1h | 85,660.5 | 0.000% | $6.6M | $146.9M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,657.2 | −0.003% | $172.2M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,668.1 | +0.009% | $23.9M | $147.9M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,665 | +0.006% | $8.7M | $54.1M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,653.5 | −0.008% | $2.5M | $1.7M | 20x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,651 | −0.011% | $60.0M | $336.1M | 40x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,637 | −0.027% | $199K | $8.2M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,729.9 | +0.081% | $5.4M | $9.2M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,746 | +0.100% | $3.79B | $5.01B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,699.4 | +0.046% | $40.5M | $582.0M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,654.8 | −0.006% | $9.42B | $24.31B | 150x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,655.5 | −0.005% | $5.20B | $9.84B | 150x | as long as short |
| OKX BTC-USDT-SWAPlong | +0.0100% | 8h | 85,660.1 | long leg | $2.59B | $12.17B | 100x | |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,670 | +0.012% | $3.8M | $17.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,653.2 | −0.008% | $4.3M | $98.4M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,664 | +0.005% | $5.53B | $10.74B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,658.1 | −0.002% | $5.07B | $5.63B | 500x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,689.5 | +0.034% | $35.8M | $176.8M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,637.7 | −0.026% | $153.8M | $564.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,618 | −0.049% | $279.5M | $923.3M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,633.8 | −0.031% | $214.9M | $167.9M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,648.2 | −0.014% | $140.0M | $315.7M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,654.1 | −0.007% | $30.3M | $208.2M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,720.2 | +0.070% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,661 | +0.001% | $11.1M | $14.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,661 | +0.001% | $195K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,657.2 | −0.003% | $2.4M | $8.7M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,702.5 | +0.049% | $207K | $739K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,652.2 | −0.009% | $30.0M | $50.1M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,640.8 | −0.023% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDTshort | +0.0100% | 8h | 85,639 | −0.025% | $2.27B | $946.4M | 200x | |
| Bulk BTC-USD | +0.0100% | 1h | 85,665.1 | +0.006% | $677.0M | $718.2M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,624.7 | −0.041% | $44.8M | $231.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,710.2 | +0.059% | — | $107.8M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,683.3 | +0.027% | $117.4M | $5.22B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0135% | 1h | 85,664.8 | +0.005% | $188.3M | $956.9M | 100x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,699.3 | +0.046% | $8.9M | $42.8M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0201% / S −0.0177% | 1h | 85,671 | +0.013% | $13.1M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0222% | 8h | 85,692 | +0.037% | $12.0M | $757.2M | 6.4x | as long as short |
| Aftermath Perps BTCUSD | +0.0229% | 1h | 85,667.7 | +0.009% | $78K | $220K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0256% | 1h | 85,695.5 | +0.041% | $703K | $7.9M | 30x | as long as short |
| Perpl BTC | +0.0335% | 43m | 85,696.7 | +0.043% | $503K | $18.8M | 6.7x | as long as short |
Injective BTC/USDC PERP
BingX BTC-USDT
Phemex BTCUSDT
Bitget BTCUSDT
Reya BTCRUSDPERP
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
SoDEX BTC-USD
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Binance BTCUSDT
Bybit BTCUSDT
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
MEXC 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
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Perpl BTC