data as of
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Funding arb /

BTC

all BTC markets
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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 14:00 UTC+0.0124%/8h
paid, last 24h+0.013%paid, last 7 days+0.021%to open and close $10k−$21
Long on KalshiShort on Kraken Futures
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKalshi KXBTCPERP84,9360get 0.0000% / 8h6h 27m$8.6M$453.1M6.4x
ShortKraken Futures PF_XBTUSD84,820.80.0124get 0.0015% / 1h27m 21s$185.9M$703.0M100x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$26.04
Slippage, 4 orders
−$1.34
Fee Kalshi: 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$4.69
Break-even
5.7 days
Slippage from Kalshi: live order book, 3 min ago; Kraken Futures: live order book, 3 min ago.

Price risk

price view
Price gap now
−0.136%
Avg gap 7d
+0.022%
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, 3 min ago0.35 bp5.5 bp −$56.9 bp −$697.9 bp −$79513.8 bp −$6,893
Sell Kraken Futures live order book, 3 min ago0.06 bp5.1 bp −$56.5 bp −$657.8 bp −$7769.6 bp −$4,793

BTC on 55 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Perpl BTC−0.0447%43m$424K$31.8M6.7xas long as short
ApeX Omni BTCUSDT−0.0164%1h$136.6M$314.1M100xas long as short
edgeX BTCUSDC−0.0101%4h$282.5M$738.5M100xas long as short
Hotstuff BTC-PERP−0.0080%1h$8K$3K50xas long as short
Gate BTC_USDT−0.0046%8h$6.00B$7.90B200xas long as short
Reya BTCRUSDPERP−0.0044%1h$6.8M$130.3M40xas long as short
01 Exchange BTCUSD−0.0040%1h$313K$2.1M50xas long as short
Injective BTC/USDC PERP−0.0036%1h$321K$27.0M52xas long as short
Bitget BTCUSDT−0.0016%8h$2.92B$3.99B150xas long as short
BingX BTC-USDC−0.0015%8h—$14.3M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Aftermath Perps BTCUSD−0.0010%1h$83K$137K20xas long as short
HTX BTC-USDT−0.0004%8h$2.28B$734.5M200xas long as short
SoDEX BTC-USD0.0000%1h$60.8M$233.5M40xas long as short
dYdX BTC-USD0.0000%1h$16.1M$13.5M50xas long as short
Kalshi KXBTCPERPlong0.0000%8h$8.6M$453.1M6.4x
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h$36.4M—200xas long as short
Phemex BTCUSDT+0.0029%8h$161.5M$355.2M150xas long as short
Aster BTCUSDT+0.0046%8h$489.9M$875.5M200xas long as short
Backpack BTC_USDC_PERP+0.0052%1h$40.2M$103.4M75xas long as short
OKX BTC-USDT-SWAP+0.0071%8h$2.55B$9.97B100xas long as short
Popdex BTCUSDT+0.0072%1h$8.4M$36.7M100xas long as short
KuCoin XBTUSDTM+0.0075%8h$801.4M$550.1M125xas long as short
Nado BTC-PERP+0.0076%1h$22.6M$205.7M50xas long as short
Bullet BTC-USD+0.0083%1h$225K$3.3M20xas long as short
StandX BTC-USD+0.0088%1h$30.3M$249.1M40xas long as short
RISEx BTC/USDC+0.0090%1h$8.6M$35.8M25xas long as short
Lighter BTC+0.0096%1h$187.7M$781.7M50xas long as short
Lighter RH BTC+0.0096%1h$24.9M$123.4M50xas long as short
Aevo BTC-PERP+0.0096%1h$2.4M$1.7M20xas long as short
Paradex BTC-USD-PERP+0.0097%8h$4.2M$6.5M50xas long as short
Katana Perps BTC-USD+0.0100%8h$226K$4.5M50xas long as short
Pacifica BTC+0.0100%1h$36.7M$293.1M50xas long as short
Binance BTCUSDT+0.0100%8h$9.51B$18.06B150xas long as short
Bybit BTCUSDT+0.0100%8h$5.04B$7.21B150xas long as short
Ondo Perps BTC-USD.P+0.0100%1h$3.9M$14.9M25xas long as short
Arcus BTC-USD+0.0100%1h$6.8M$73.1M40xas long as short
MEXC BTC_USDT+0.0100%8h$5.07B$4.35B500xas long as short
Variational Omni BTC+0.0100%8h$170.7M$448.6M—as long as short
Vest BTC-PERP+0.0100%1h—$12.7M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h$10.7M$9.9M50xas long as short
Orderly PERP_BTC_USDC+0.0100%8h$2.3M$6.4M100xas long as short
Bluefin BTC-PERP+0.0100%1h$142K$356K40xas long as short
Derive BTC-PERP+0.0100%1h$26.0M$49.7M15xas long as short
SunX BTC-USDT+0.0100%8h$3.3M$5.0M100xas long as short
Bulk BTC-USD+0.0100%1h$530.3M$67.0M40xas long as short
Extended BTC-USD+0.0104%1h$46.9M$174.3M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h—$80.0M500xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h$139.4M$5.87B50xas long as short
Kraken Futures PF_XBTUSDshort+0.0124%1h$185.9M$703.0M100x
Phoenix BTC+0.0126%1h$1.5M$10.3M40xas long as short
Hyperliquid BTC+0.0137%1h$3.82B$3.82B40xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0191% / S −0.0196%1h$12.8M—200xas long as short
BloFin BTC-USDT+0.0240%8h$418.9M$404.6M150xas long as short
Hibachi BTC/USDT-P+0.0248%1h$646K$7.5M30xas long as short
Deribit BTC-PERPETUAL+0.0358%1h$829.2M$857.9M50xas long as short