data as of
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Funding arb /

BTC

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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 spread now, next payment 15:00 UTC+0.0073%/8h
paid, last 24h+0.016%paid, last 3 days−0.070%to open and close $10k−$21
Long on KalshiShort on Bullet
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKalshi KXBTCPERP85,4320get 0.0000% / 8h5h 36m$8.9M$505.4M6.4x
ShortBullet BTC-USD85,4890.0073get 0.0009% / 1h36m 57s$248K$3.3M20x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$15.32
Slippage, 4 orders
−$3.45
Fee Kalshi: 5 bp × 2 orders
−$10
Fee Bullet: 4 bp × 2 orders
−$8
Net
−$6.13
Break-even
9.8 days
Slippage from Kalshi: live order book, 4 min ago; Bullet: live order book, 4 min ago.

Price risk

price view
Price gap now
+0.067%
Avg gap 7d
+0.011%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kalshi live order book, 4 min ago0.18 bp5.5 bp −$56.6 bp −$667.4 bp −$74412.0 bp −$5,976
Sell Bullet live order book, 4 min ago0.18 bp4.8 bp −$58.7 bp −$87doesn't fitdoesn't fit

BTC on 55 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Bluefin BTC-PERP−0.0892%1h$142K$400K40xas long as short
Perpl BTC−0.0447%43m$399K$31.1M6.7xas long as short
edgeX BTCUSDC−0.0110%4h$284.1M$801.8M100xas long as short
ApeX Omni BTCUSDT−0.0103%1h$138.3M$316.8M100xas long as short
01 Exchange BTCUSD−0.0088%1h$279K$2.3M50xas long as short
Hotstuff BTC-PERP−0.0080%1h$8K$3K50xas long as short
Aftermath Perps BTCUSD−0.0062%1h$84K$140K20xas long as short
Reya BTCRUSDPERP−0.0032%1h$6.8M$137.4M40xas long as short
Gate BTC_USDT−0.0015%8h$6.05B$8.57B200xas long as short
Bitget BTCUSDT−0.0010%8h$2.97B$4.29B150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
BingX BTC-USDC−0.0010%8h—$14.4M—as long as short
Phemex BTCUSDT−0.0006%8h$158.2M$375.4M150xas long as short
dYdX BTC-USD0.0000%1h$16.5M$14.3M50xas long as short
Kalshi KXBTCPERPlong0.0000%8h$8.9M$505.4M6.4x
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h$36.5M—200xas long as short
Phoenix BTC+0.0015%1h$1.6M$10.8M40xas long as short
SoDEX BTC-USD+0.0026%1h$61.3M$234.5M40xas long as short
HTX BTC-USDT+0.0035%8h$2.29B$781.2M200xas long as short
Aster BTCUSDT+0.0036%8h$495.0M$1.02B200xas long as short
Kraken Futures PF_XBTUSD+0.0042%1h$187.8M$752.9M100xas long as short
OKX BTC-USDT-SWAP+0.0053%8h$2.57B$10.73B100xas long as short
Nado BTC-PERP+0.0063%1h$24.0M$222.1M50xas long as short
KuCoin XBTUSDTM+0.0064%8h$804.4M$578.2M125xas long as short
Bullet BTC-USDshort+0.0073%1h$248K$3.3M20x
Paradex BTC-USD-PERP+0.0082%8h$4.3M$6.5M50xas long as short
Aevo BTC-PERP+0.0088%1h$2.4M$1.7M20xas long as short
MEXC BTC_USDT+0.0090%8h$4.95B$4.68B500xas long as short
Binance BTCUSDT+0.0090%8h$9.58B$19.67B150xas long as short
Lighter BTC+0.0096%1h$180.0M$860.9M50xas long as short
Lighter RH BTC+0.0096%1h$25.5M$132.4M50xas long as short
Popdex BTCUSDT+0.0096%1h$8.4M$40.9M100xas long as short
Katana Perps BTC-USD+0.0100%8h$195K$5.0M50xas long as short
Pacifica BTC+0.0100%1h$36.5M$317.3M50xas long as short
Bybit BTCUSDT+0.0100%8h$5.09B$7.87B150xas long as short
Ondo Perps BTC-USD.P+0.0100%1h$3.9M$15.5M25xas long as short
Arcus BTC-USD+0.0100%1h$6.0M$77.5M40xas long as short
Bulk BTC-USD+0.0100%1h$533.0M$59.2M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h$39.3M$100.5M75xas long as short
Variational Omni BTC+0.0100%8h$173.7M$467.5M—as long as short
StandX BTC-USD+0.0100%1h$30.5M$245.9M40xas long as short
Vest BTC-PERP+0.0100%1h—$13.1M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h$10.8M$10.6M50xas long as short
Orderly PERP_BTC_USDC+0.0100%8h$2.4M$6.8M100xas long as short
Derive BTC-PERP+0.0100%1h$28.3M$55.9M15xas long as short
SunX BTC-USDT+0.0100%8h$3.3M$5.3M100xas long as short
Extended BTC-USD+0.0104%1h$47.4M$200.5M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h—$85.5M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h$143.2M$6.15B50xas long as short
Hibachi BTC/USDT-P+0.0120%1h$602K$7.3M30xas long as short
Hyperliquid BTC+0.0124%1h$3.86B$4.09B40xas long as short
RISEx BTC/USDC+0.0178%1h$8.8M$36.7M25xas long as short
Injective BTC/USDC PERP+0.0180%1h$306K$27.0M52xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0199% / S −0.0205%1h$13.4M—200xas long as short
BloFin BTC-USDT+0.0210%8h$421.5M$484.4M150xas long as short
Deribit BTC-PERPETUAL+0.0462%1h$850.8M$939.4M50xas long as short