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Funding arb · Price arb /

BTC

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 01:00 UTC−0.0130%/8h= −14.2% APRpaid last 24h −0.026%
Price spread now: 01 Exchange against HTX+0.050%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$210.207% of the position
Long on HTXShort on 01 Exchange
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.060%−$6 on $10k
Price spread, last 3 days (all we have)+0.012%+$1 · spread now +0.050%, 7d avg +0.032%
Together, before fees−0.048%−$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.032%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BTC-USDT86,407.40.0098pay 0.0098% / 8h7h 27m$2.29B$962.6M200x
Short01 Exchange BTCUSD86,450.2−0.0032pay 0.0004% / 1h27m 30s$361K$2.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange against HTX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$27.25
Price spread: +0.050% → +0.032%
$1.73
Slippage, 4 orders
−$1.69
Fee HTX: 6 bp × 2 orders
−$12
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$46.21
Costs to cover
0.207%
Break-even
never at this rate
Slippage from HTX: live order book, 2 min ago; 01 Exchange: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 2 min ago0.01 bp6.0 bp −$66.5 bp −$659.0 bp −$89511.5 bp −$5,741
Sell 01 Exchange live order book, 2 min ago0.01 bp4.3 bp −$414.6 bp −$146doesn't fitdoesn't fit

BTC on 56 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin BTC-PERP−0.0349%1h86,460.8+0.062%$144K$666K40xas long as short
Phoenix BTC−0.0129%1h86,403−0.005%$2.2M$11.2M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,406−0.002%$9K$3K50xas long as short
01 Exchange BTCUSDshort−0.0032%1h86,450.2+0.050%$361K$2.4M50x
Perpl BTC0.0000%43m86,418.4+0.013%$481K$21.5M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,444+0.042%$36.9M—200xas long as short
Phemex BTCUSDT+0.0018%8h86,423.7+0.019%$154.6M$473.6M150xas long as short
Injective BTC/USDC PERP+0.0023%1h86,358−0.057%$343K$26.9M52xas long as short
Aster BTCUSDT+0.0025%8h86,425.8+0.021%$501.2M$1.13B200xas long as short
dYdX BTC-USD+0.0027%1h86,436+0.033%$16.9M$20.5M50xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin XBTUSDTM+0.0042%8h86,446.3+0.045%$832.4M$719.1M125xas long as short
Reya BTCRUSDPERP+0.0046%1h86,441.9+0.040%$6.7M$145.7M40xas long as short
BingX BTC-USDT+0.0050%8h86,429.3+0.025%—$1.57B—as long as short
RISEx BTC/USDC+0.0052%1h86,431.8+0.028%$8.3M$42.4M25xas long as short
Deribit BTC-PERPETUAL+0.0059%1h86,465.2+0.067%$902.5M$1.51B50xas long as short
Bitget BTCUSDT+0.0063%8h86,443.6+0.042%$2.97B$5.03B150xas long as short
MEXC BTC_USDT+0.0078%8h86,444.1+0.042%$5.14B$5.70B500xas long as short
Aevo BTC-PERP+0.0080%1h86,416.2+0.010%$2.5M$1.8M20xas long as short
Binance BTCUSDT+0.0080%8h86,445.8+0.044%$9.42B$24.26B150xas long as short
SoDEX BTC-USD+0.0095%1h86,428+0.024%$60.4M$338.2M40xas long as short
Lighter BTC+0.0096%1h86,417.5+0.012%$170.7M$986.7M50xas long as short
Lighter RH BTC+0.0096%1h86,420.3+0.015%$23.8M$149.6M50xas long as short
Popdex BTCUSDT+0.0096%1h86,430+0.026%$8.4M$52.0M100xas long as short
HTX BTC-USDTlong+0.0098%8h86,407.4long leg$2.29B$962.6M200x
Katana Perps BTC-USD+0.0100%8h86,401−0.007%$201K$7.2M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,420+0.015%$4.2M$8.6M50xas long as short
Nado BTC-PERP+0.0100%1h86,414.3+0.008%$22.0M$227.4M50xas long as short
Hyperliquid BTC+0.0100%1h86,512+0.121%$3.80B$5.00B40xas long as short
Pacifica BTC+0.0100%1h86,431.2+0.028%$41.1M$552.2M50xas long as short
Bybit BTCUSDT+0.0100%8h86,450.7+0.050%$5.26B$9.65B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,459.3+0.060%$2.56B$12.48B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,421+0.016%$3.9M$17.8M25xas long as short
Arcus BTC-USD+0.0100%1h86,446.2+0.045%$7.2M$94.8M40xas long as short
Gate BTC_USDT+0.0100%8h86,417.3+0.011%$5.80B$10.54B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,412.6+0.006%$37.5M$158.2M75xas long as short
Variational Omni BTC+0.0100%8h86,377.3−0.035%$158.2M$561.5M—as long as short
edgeX BTCUSDC+0.0100%4h86,360.7−0.054%$278.9M$948.7M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,400.1−0.008%$217.0M$165.5M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,364.6−0.050%$141.6M$320.8M100xas long as short
StandX BTC-USD+0.0100%1h86,430+0.026%$30.7M$209.6M40xas long as short
Vest BTC-PERP+0.0100%1h86,474.4+0.078%—$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,448+0.047%$11.1M$14.1M50xas long as short
Bullet BTC-USD+0.0100%1h86,436+0.033%$191K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,428.2+0.024%$2.5M$8.9M100xas long as short
Derive BTC-PERP+0.0100%1h86,450.4+0.050%$30.5M$58.1M15xas long as short
SunX BTC-USDT+0.0100%8h86,398.7−0.010%$3.4M$5.2M100xas long as short
Bulk BTC-USD+0.0100%1h86,411.1+0.004%$576.0M$32.8M40xas long as short
Extended BTC-USD+0.0104%1h86,397.6−0.011%$45.9M$221.8M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,426.3+0.022%—$98.5M500xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,455+0.055%$132.4M$5.39B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,455.2+0.055%$192.5M$941.4M100xas long as short
Aftermath Perps BTCUSD+0.0168%1h86,418.9+0.013%$78K$217K20xas long as short
Hibachi BTC/USDT-P+0.0168%1h86,440+0.038%$711K$7.9M30xas long as short
BloFin BTC-USDT+0.0198%8h86,365.3−0.049%$415.9M$645.9M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0205% / S −0.0220%1h86,441.1+0.039%$14.5M—200xas long as short
Kalshi KXBTCPERP+0.0209%8h86,453+0.053%$10.2M$762.9M6.4xas long as short