Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.018%
Price spread now: Coinbase International against HTX+0.046%7-day average +0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as 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+0.030%+$3 on $10k
+Price spread, last 4 days (all we have)+0.026%+$3 · spread now +0.046%, 7d avg +0.058%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX BTC-USDT | 85,499.9 | 0.0100 | pay 0.0100% / 8h | 3h 28m | $2.26B | $948.6M | 200x |
| Short | Coinbase International BTC-PERP-INTX | 85,539.2 | 0.0104 | get 0.0013% / 1h | 28m 09s | $117.3M | $5.25B | 50x |
HTX BTC-USDT
Coinbase International BTC-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against HTX. 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
- $0.84
- Price spread: +0.046% → +0.058%
- −$1.18
- Slippage, 4 orders
- −$0.02
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$22.37
- Costs to cover
- 0.220%
- Break-even
- 193.4 days
Slippage from HTX: live order book, 1 min ago; Coinbase International: live order book, 1 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 HTX live order book, 1 min ago | 0.01 bp | 6.0 bp −$6 | 6.0 bp −$60 | 6.8 bp −$685 | 9.6 bp −$4,776 |
| Sell Coinbase International live order book, 1 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.4 bp −$537 | 10.8 bp −$5,397 |
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 | 85,533 | +0.039% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,540 | +0.047% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0041% | 8h | 85,497.6 | −0.003% | $918.6M | $756.9M | 125x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,514.6 | +0.017% | $419.1M | $675.9M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 85,533.8 | +0.040% | $365K | $2.3M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,533.3 | +0.039% | $503K | $18.7M | 6.7x | as long as short |
| Aster BTCUSDT | +0.0002% | 8h | 85,499.8 | 0.000% | $514.9M | $1.10B | 200x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,521.1 | +0.025% | $36.5M | — | 200x | as long as short |
| Nado BTC-PERP | +0.0005% | 1h | 85,524.4 | +0.029% | $24.6M | $223.3M | 50x | as long as short |
| dYdX BTC-USD | +0.0029% | 1h | 85,574.9 | +0.088% | $16.8M | $21.2M | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
01 Exchange BTCUSD
Perpl BTC
Aster BTCUSDT
gTrade (Gains Network) BTC/USD
Nado BTC-PERP
dYdX BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0044% | 1h | 85,514 | +0.016% | $339K | $26.9M | 52x | as long as short |
| Deribit BTC-PERPETUAL | +0.0058% | 1h | 85,547.6 | +0.056% | $884.5M | $1.59B | 50x | as long as short |
| BingX BTC-USDC | +0.0065% | 8h | 85,486.5 | −0.016% | — | $17.1M | — | as long as short |
| SoDEX BTC-USD | +0.0072% | 1h | 85,502 | +0.002% | $59.9M | $335.9M | 40x | as long as short |
| Phemex BTCUSDT | +0.0073% | 8h | 85,507.7 | +0.009% | $148.3M | $495.3M | 150x | as long as short |
| Bitget BTCUSDT | +0.0080% | 8h | 85,499.8 | 0.000% | $2.95B | $5.12B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,520.7 | +0.024% | $172.0M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,520.1 | +0.024% | $24.0M | $148.6M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,520 | +0.024% | $8.4M | $54.9M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,493.7 | −0.007% | $2.7M | $2.0M | 20x | as long as short |
| Reya BTCRUSDPERP | +0.0099% | 1h | 85,511.5 | +0.014% | $6.6M | $147.1M | 40x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,520 | +0.024% | $208K | $8.3M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,549.3 | +0.058% | $5.7M | $9.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,593 | +0.109% | $3.79B | $5.02B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,563.2 | +0.074% | $40.1M | $588.0M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,499.5 | 0.000% | $9.41B | $24.41B | 150x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,501.9 | +0.002% | $5.18B | $9.86B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,510.1 | +0.012% | $2.59B | $12.13B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,522 | +0.026% | $3.8M | $17.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,527.7 | +0.033% | $4.7M | $100.4M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,517.4 | +0.021% | $680.3M | $725.5M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,508.7 | +0.010% | $5.54B | $10.81B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,501.1 | +0.001% | $5.08B | $5.66B | 500x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,495.6 | −0.005% | $36.2M | $179.0M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,584.9 | +0.099% | $154.4M | $565.9M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,523.9 | +0.028% | $279.4M | $928.0M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,590.3 | +0.106% | $215.1M | $168.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,591 | +0.107% | $139.9M | $315.5M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,549 | +0.057% | $30.2M | $207.2M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,583.4 | +0.098% | — | $11.2M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,519 | +0.022% | $11.1M | $14.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,510 | +0.012% | $197K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,506.9 | +0.008% | $2.4M | $8.7M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,546.9 | +0.055% | $207K | $738K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,498.3 | −0.002% | $30.0M | $50.0M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,501.2 | +0.002% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDTlong | +0.0100% | 8h | 85,499.9 | long leg | $2.26B | $948.6M | 200x | |
| Extended BTC-USD | +0.0104% | 1h | 85,472.8 | −0.032% | $45.0M | $233.6M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,533.5 | +0.039% | — | $107.3M | 500x | as long as short |
| Coinbase International BTC-PERP-INTXshort | +0.0104% | 1h | 85,539.2 | +0.046% | $117.3M | $5.25B | 50x | |
| Kraken Futures PF_XBTUSD | +0.0135% | 1h | 85,524.8 | +0.029% | $187.7M | $954.6M | 100x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,568.4 | +0.080% | $8.7M | $42.9M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0149% | 1h | 85,521.6 | +0.025% | $13.1M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0197% | 8h | 85,557 | +0.067% | $11.7M | $754.6M | 6.4x | as long as short |
| Aftermath Perps BTCUSD | +0.0246% | 1h | 85,550.3 | +0.059% | $78K | $221K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0248% | 1h | 85,568 | +0.080% | $697K | $7.9M | 30x | as long as short |
Injective BTC/USDC PERP
Deribit BTC-PERPETUAL
BingX BTC-USDC
SoDEX BTC-USD
Phemex BTCUSDT
Bitget BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Reya BTCRUSDPERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Binance BTCUSDT
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk 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
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P