BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0180%/8h= +19.7% APRnext payment +$1.80 per $10,000 · paid last 24h +0.009%

Price spread now: Kalshi against KuCoin+0.040%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$230.229% of the position

Long on KuCoin Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 7 days−0.020%−$2 · spread now +0.040%, 7d avg −0.002%

Together, before fees+0.039%+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Kalshi is 0.042% dearer against KuCoin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XBTUSDTM	85,254.5	−0.0008	get 0.0008% / 8h	7m 02s	$927.7M	$776.9M	125x
Short	Kalshi KXBTCPERP	85,289	0.0172	get 0.0172% / 8h	4h 07m	$12.0M	$737.5M	6.4x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against KuCoin. 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

Position, each leg$Hold fordaysFee KuCoinbpFee KalshibpOrdersPrice spread, now +0.040%Rate

Funding earned: $37.87
Price spread: +0.040% → −0.002%: $4.23
Slippage, 4 orders: −$0.87
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kalshi: 5 bp × 2 orders: −$10
Net: $19.24
Costs to cover: 0.229%
Break-even: 3.4 days

Slippage from KuCoin: live order book, 2 min ago; Kalshi: live order book, 2 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, 2 min ago	0.01 bp	6.0 bp −$6	6.6 bp −$66	7.6 bp −$755	10.8 bp −$5,386
Sell Kalshi live order book, 2 min ago	0.23 bp	5.3 bp −$5	6.7 bp −$67	7.4 bp −$739	11.8 bp −$5,906

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
Hotstuff BTC-PERP	−0.0080%	1h	85,279	+0.029%	$8K	$3K	50x	as long as short
Phoenix BTC	−0.0034%	1h	85,330	+0.089%	$2.3M	$10.8M	40x	as long as short
BloFin BTC-USDT	−0.0020%	8h	85,261.3	+0.008%	$421.2M	$685.9M	150x	as long as short
KuCoin XBTUSDTMlong	−0.0008%	8h	85,254.5	long leg	$927.7M	$776.9M	125x
01 Exchange BTCUSD	0.0000%	1h	85,274.5	+0.023%	$344K	$2.3M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,270.3	+0.019%	$36.5M	—	200x	as long as short
Aster BTCUSDT	+0.0011%	8h	85,263.5	+0.011%	$502.5M	$1.09B	200x	as long as short
dYdX BTC-USD	+0.0018%	1h	85,277.8	+0.027%	$16.7M	$21.0M	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0026%	1h	85,283	+0.033%	$185.9M	$954.2M	100x	as long as short
Injective BTC/USDC PERP	+0.0067%	1h	85,263	+0.010%	$311K	$25.8M	52x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BTC-USDT	+0.0067%	8h	85,263.7	+0.011%	—	$1.58B	—	as long as short
Bybit BTCUSDT	+0.0084%	8h	85,264.9	+0.012%	$5.09B	$10.03B	150x	as long as short
Nado BTC-PERP	+0.0094%	1h	85,255.1	+0.001%	$24.0M	$221.5M	50x	as long as short
Lighter BTC	+0.0096%	1h	85,275.6	+0.025%	$169.2M	$1.02B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,274.9	+0.024%	$23.6M	$149.1M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,262	+0.009%	$8.4M	$57.8M	100x	as long as short
Aevo BTC-PERP	+0.0096%	1h	85,258.2	+0.004%	$2.4M	$6.7M	20x	as long as short
ApeX Omni BTCUSDT	+0.0097%	1h	85,252.4	−0.002%	$139.7M	$311.8M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,234	−0.024%	$270K	$8.7M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,283	+0.033%	$5.7M	$9.5M	50x	as long as short
Pacifica BTC	+0.0100%	1h	85,262.8	+0.010%	$40.0M	$605.4M	50x	as long as short
Binance BTCUSDT	+0.0100%	8h	85,261.5	+0.008%	$9.39B	$25.17B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,264.9	+0.012%	$2.60B	$12.26B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,260	+0.006%	$3.8M	$17.3M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,277.6	+0.027%	$4.6M	$97.8M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,256	+0.002%	$695.2M	$190.7M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,263.6	+0.011%	$5.46B	$11.17B	200x	as long as short
MEXC BTC_USDT	+0.0100%	8h	85,261.5	+0.008%	$5.04B	$5.78B	500x	as long as short
Bitget BTCUSDT	+0.0100%	8h	85,264.9	+0.012%	$2.97B	$5.20B	150x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,260.2	+0.007%	$36.7M	$191.3M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,228.2	−0.031%	$155.9M	$548.6M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,229.3	−0.030%	$282.6M	$957.5M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,251.2	−0.004%	$213.9M	$159.8M	50x	as long as short
StandX BTC-USD	+0.0100%	1h	85,276	+0.025%	$30.1M	$214.8M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,337.8	+0.098%	—	$10.3M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,263	+0.010%	$10.9M	$15.0M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,262	+0.009%	$197K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,266.9	+0.015%	$2.6M	$9.7M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,309.6	+0.065%	$194K	$796K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,301.3	+0.055%	$28.8M	$47.0M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,229.4	−0.029%	$2.9M	$6.1M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,264	+0.011%	$59.7M	$336.5M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,257	+0.003%	$2.25B	$974.1M	200x	as long as short
Phemex BTCUSDT	+0.0100%	8h	85,263.1	+0.010%	$159.0M	$516.0M	150x	as long as short
Extended BTC-USD	+0.0104%	1h	85,244.8	−0.011%	$45.4M	$240.7M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,273.4	+0.022%	—	$106.7M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	85,312	+0.067%	$111.4M	$5.47B	50x	as long as short
Hyperliquid BTC	+0.0112%	1h	85,350	+0.112%	$3.79B	$5.11B	40x	as long as short
Deribit BTC-PERPETUAL	+0.0134%	1h	85,304.1	+0.058%	$835.5M	$1.66B	50x	as long as short
Reya BTCRUSDPERP	+0.0144%	1h	85,259.4	+0.006%	$6.6M	$141.8M	40x	as long as short
Kalshi KXBTCPERPshort	+0.0172%	8h	85,289	+0.040%	$12.0M	$737.5M	6.4x
GMX BTC/USD [WBTC.b-USDC]	L +0.0174% / S −0.0146%	1h	85,258.8	+0.005%	$13.0M	—	200x	as long as short
RISEx BTC/USDC	+0.0174%	1h	85,287.3	+0.038%	$8.8M	$43.0M	25x	as long as short
Hibachi BTC/USDT-P	+0.0288%	1h	85,319.3	+0.076%	$699K	$7.7M	30x	as long as short
Aftermath Perps BTCUSD	+0.0293%	1h	85,272.5	+0.021%	$81K	$250K	20x	as long as short
Perpl BTC	+0.0447%	43m	85,287	+0.038%	$463K	$18.3M	6.7x	as long as short