Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 6.8381 | +0.0137 | pay 0.0137% / 8h | 3h 56m | $734K | $437K | 75x | Long HTX | |
| SHORT | 6.8320 | 0 | 0.0000% / 8h | 7h 56m | $137K | $94K | 2.8x | Short Kalshi |
Price gap−0.089%
Funding gap−0.0137% /8h
The gap pays +$9 on $10k if it goes back to its 7d average, but funding costs $4 a day and eats that in about 2.2 days. At the last 7 days' pace that is about 7.8 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$8−0.0137% /8h now · paid −0.079% over the last 7D
Price+$9spread −0.089% now, avg −0.178% → +0.088% if it goes back
Costs−$630.633% of $10k · taker + slippage, in and out
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.089%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hUNI on 46 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Thin at this size17.3 / 14.1 bpAt $10k entering HTX costs 17.3 bp, fee and slippage, 1.2× Kalshi’s.
- Note: Margin at max leverage$133 + $3,535HTX 75x, Kalshi 2.8x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval8h / 8hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$4.10Long HTX: 3 payments, −$4.10; short Kalshi: 3 payments, $0.00.
- OK: Entry gap works for you−0.089% vs −0.178%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$137K vs $734K OIKalshi sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCHTX Limited · Kalshi YesA US-regulated exchange: full KYC (ID, address, SSN when asked) before any trade.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0038%/8h × 21 periods−$7.95
Price spread−0.089% → −0.178% (7d avg)+$8.85
Slippage, 4 orderslive order books−$43.35
Fee HTX bp × 2 orders−$12.00
Fee Kalshi bp × 2 orders−$8.00
Net · 7 days · $10k−$62.45
Costs to cover0.633%Break-evennever at this rate
Slippage: HTX: live order book, 12 min ago; Kalshi: live order book, 11 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGHTX4.6317.3 bp−$1747.2 bp−$472doesn’t fitdoesn’t fit
SELL · SHORTKalshi9.8814.1 bp−$1422.3 bp−$223doesn’t fitdoesn’t fit
Closing costs about the same again.
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