Funding you earn now, next payment 06:00 UTC+0.0027%/8h= +2.9% APRpaid last 24h −0.063%
Price spread now: HTX against Kraken Futures−0.007%7-day average −0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$860.863% of the position
Funding, last 7 days−0.028%−$3 on $10k
+Price spread, last 4 days (all we have)+0.066%+$7 · spread now −0.007%, 7d avg −0.061%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and HTX is 0.054% dearer against Kraken Futures than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.061%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_OPUSD | 0.1276 | 0.0073 | pay 0.0009% / 1h | 50m 25s | $779K | $552K | 20x |
| Short | HTX OP-USDT | 0.1276 | 0.0100 | get 0.0100% / 8h | 2h 50m | $173K | $229K | 50x |
Kraken Futures PF_OPUSD
HTX OP-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
- $5.65
- Price spread: −0.007% → −0.061%
- $5.37
- Slippage, 4 orders
- −$64.34
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$75.32
- Costs to cover
- 0.863%
- Break-even
- 100.4 days
Slippage from Kraken Futures: live order book, 63 min ago; HTX: live order book, 61 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, 63 min ago | 6.27 bp | 24.9 bp −$25 | 129.8 bp −$1,298 | doesn't fit | doesn't fit |
| Sell HTX live order book, 61 min ago | 7.42 bp | 20.6 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
OP on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective OP/USDC PERP | −0.1583% | 1h | 0.1268 | −0.618% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1276 | +0.023% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1276 | −0.009% | $39K | $532 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1276 | +0.009% | $42K | $138K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1276 | +0.015% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0033% | 8h | 0.1274 | −0.162% | $225K | $48K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0054% | 8h | 0.1275 | −0.070% | $6K | $47K | 10x | as long as short |
| Kraken Futures PF_OPUSDlong | +0.0073% | 1h | 0.1276 | long leg | $779K | $552K | 20x | |
| Lighter OP | +0.0096% | 1h | 0.1277 | +0.056% | $296K | $969K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1277 | +0.087% | $3.7M | $2.7M | 5x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Variational Omni OP
Orderly PERP_OP_USDC
Lighter OP
Hyperliquid OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster OPUSDT | +0.0100% | 8h | 0.1276 | +0.025% | $213K | $214K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1276 | −0.012% | $20.5M | $61.3M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1275 | −0.085% | $18.7M | $25.0M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1275 | −0.085% | $6.2M | $28.8M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1276 | +0.009% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1276 | +0.001% | $21.8M | $7.2M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1275 | −0.070% | $2.9M | $6.3M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1275 | −0.070% | $5.9M | $6.5M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1276 | +0.009% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1275 | −0.093% | $118K | $208K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1274 | −0.149% | $144K | $538K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1274 | −0.131% | $312K | $5.2M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1274 | −0.148% | $44K | $706K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1275 | −0.078% | $211 | $6K | 5x | as long as short |
| HTX OP-USDTshort | +0.0100% | 8h | 0.1276 | −0.007% | $173K | $229K | 50x | |
| Extended OP-USD | +0.0104% | 1h | 0.1275 | −0.055% | $102K | $505K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1275 | −0.089% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0160% | 1h | 0.1275 | −0.070% | $25K | $57K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1275 | −0.085% | $1.0M | $282K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0442% | 1h | 0.1275 | −0.036% | $709 | — | 20x | as long as short |
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
Extended OP-USD
Aevo OP-PERP
Coinbase International OP-PERP-INTX
BloFin OP-USDT
Reya OPRUSDPERP