Funding you earn now, next payment 08:00 UTC+0.0053%/8h= +5.8% APRnext payment +$0.53 per $10,000 · paid last 24h +0.008%
Price spread now: HTX against KuCoin+0.021%7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$240.242% of the position
Funding, last 7 days+0.026%+$3 on $10k
+Price spread, last 3 days (all we have)−0.053%−$5 · spread now +0.021%, 7d avg −0.011%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and HTX is 0.032% dearer against KuCoin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.011%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin XBTUSDTM | 85,461.8 | 0.0016 | pay 0.0016% / 8h | 5h 47m | $906.1M | $747.4M | 125x |
| Short | HTX BTC-USDT | 85,479.8 | 0.0069 | get 0.0069% / 8h | 5h 47m | $2.27B | $929.1M | 200x |
KuCoin XBTUSDTM
HTX BTC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against KuCoin. 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
- $11.14
- Price spread: +0.021% → −0.011%
- $3.22
- Slippage, 4 orders
- −$0.16
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$9.8
- Costs to cover
- 0.242%
- Break-even
- 13.2 days
Slippage from KuCoin: live order book, 6 min ago; HTX: 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 KuCoin live order book, 6 min ago | 0.01 bp | 6.1 bp −$6 | 7.1 bp −$71 | 8.7 bp −$874 | doesn't fit |
| Sell HTX live order book, 1 min ago | 0.01 bp | 6.0 bp −$6 | 7.8 bp −$78 | 9.0 bp −$897 | 11.4 bp −$5,707 |
BTC on 55 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 | −0.0160% | 1h | 85,599 | +0.161% | $2.2M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,490 | +0.033% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0056% | 1h | 85,475.2 | +0.016% | $367K | $2.3M | 50x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,490.1 | +0.033% | $16.7M | $20.9M | 50x | as long as short |
| Nado BTC-PERP | +0.0002% | 1h | 85,475.1 | +0.016% | $22.5M | $221.6M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,486.3 | +0.029% | $36.6M | — | 200x | as long as short |
| KuCoin XBTUSDTMlong | +0.0016% | 8h | 85,461.8 | long leg | $906.1M | $747.4M | 125x | |
| Aster BTCUSDT | +0.0018% | 8h | 85,460.2 | −0.002% | $515.2M | $1.11B | 200x | as long as short |
| ApeX Omni BTCUSDT | +0.0039% | 1h | 85,508 | +0.054% | $139.8M | $316.2M | 100x | as long as short |
| BingX BTC-USDC | +0.0054% | 8h | 85,441 | −0.024% | — | $17.0M | — | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
dYdX BTC-USD
Nado BTC-PERP
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
ApeX Omni BTCUSDT
BingX BTC-USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0065% | 1h | 85,468.5 | +0.008% | $6.7M | $146.4M | 40x | as long as short |
| Bitget BTCUSDT | +0.0066% | 8h | 85,455.7 | −0.007% | $2.95B | $5.01B | 150x | as long as short |
| HTX BTC-USDTshort | +0.0069% | 8h | 85,479.8 | +0.021% | $2.27B | $929.1M | 200x | |
| Injective BTC/USDC PERP | +0.0079% | 1h | 85,617 | +0.182% | $340K | $26.9M | 52x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,468.8 | +0.008% | $2.4M | $1.7M | 20x | as long as short |
| SunX BTC-USDT | +0.0084% | 8h | 85,455.1 | −0.008% | $2.9M | $6.1M | 100x | as long as short |
| MEXC BTC_USDT | +0.0085% | 8h | 85,450.8 | −0.013% | $5.05B | $5.58B | 500x | as long as short |
| Binance BTCUSDT | +0.0085% | 8h | 85,458.1 | −0.004% | $9.32B | $23.83B | 150x | as long as short |
| SoDEX BTC-USD | +0.0092% | 1h | 85,488 | +0.031% | $59.9M | $336.3M | 40x | as long as short |
| Phemex BTCUSDT | +0.0096% | 8h | 85,491.5 | +0.035% | $148.1M | $479.0M | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,492.3 | +0.036% | $169.5M | $984.8M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,498.2 | +0.043% | $23.9M | $147.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,476 | +0.017% | $8.4M | $51.7M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0099% | 8h | 85,549 | +0.102% | $3.8M | $8.3M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,453 | −0.010% | $197K | $7.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,519 | +0.067% | $3.77B | $4.92B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,518.4 | +0.066% | $40.1M | $571.1M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,466.8 | +0.006% | $5.33B | $9.57B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,470.8 | +0.011% | $2.56B | $12.09B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,492 | +0.035% | $3.9M | $17.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,444.1 | −0.021% | $7.3M | $96.7M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,482.5 | +0.024% | $608.2M | $317.1M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,462.1 | 0.000% | $5.55B | $10.41B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,467.4 | +0.007% | $34.9M | $170.4M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,620.9 | +0.186% | $154.3M | $550.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,490 | +0.033% | $278.1M | $928.6M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,638.3 | +0.207% | $215.0M | $160.7M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,530 | +0.080% | $30.2M | $211.3M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,534.4 | +0.085% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,475 | +0.015% | $11.0M | $14.0M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,477.5 | +0.018% | $187K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,470.7 | +0.010% | $2.4M | $8.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,515.2 | +0.062% | $196K | $722K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,476.8 | +0.018% | $30.0M | $52.6M | 15x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,448.2 | −0.016% | $44.3M | $226.8M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,507.5 | +0.053% | — | $104.4M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,528 | +0.077% | $130.8M | $5.06B | 50x | as long as short |
| RISEx BTC/USDC | +0.0120% | 1h | 85,506.1 | +0.052% | $8.3M | $42.2M | 25x | as long as short |
| Deribit BTC-PERPETUAL | +0.0134% | 1h | 85,532.6 | +0.083% | $894.7M | $1.52B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0139% | 1h | 85,516.5 | +0.064% | $187.1M | $948.5M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0196% | 1h | 85,557.6 | +0.112% | $78K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0200% | 1h | 85,542.9 | +0.095% | $682K | $7.8M | 30x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0203% / S −0.0181% | 1h | 85,486.1 | +0.028% | $13.6M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0211% | 8h | 85,511 | +0.058% | $10.3M | $758.9M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,493.3 | +0.037% | $519K | $19.6M | 6.7x | as long as short |
Reya BTCRUSDPERP
Bitget BTCUSDT
Injective BTC/USDC PERP
Aevo BTC-PERP
SunX BTC-USDT
MEXC BTC_USDT
Binance BTCUSDT
SoDEX BTC-USD
Phemex BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
RISEx BTC/USDC
Deribit BTC-PERPETUAL
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Perpl BTC