Funding you earn now, next payment 02:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.06 per $10,000 · paid last 24h −0.006%
Price spread now: Kraken Futures against StandX+0.107%7-day average +0.027% · 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−$12as in the Price arb table
costs, in and out, $10k−$200.204% of the position
Funding, last 7 days−0.015%−$2 on $10k
+Price spread, last 3 days (all we have)−0.065%−$7 · spread now +0.107%, 7d avg +0.027%
=Together, before fees−0.080%+ Points / potential airdropStandX: Active · farm board−$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Kraken Futures is 0.080% dearer against StandX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.027%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | StandX BTC-USD | 85,624.3 | 0.0100 | pay 0.0013% / 1h | 17m 41s | $30.3M | $208.8M | 40x |
| Short | Kraken Futures PF_XBTUSD | 85,716 | 0.0146 | get 0.0018% / 1h | 17m 41s | $187.9M | $963.6M | 100x |
StandX BTC-USD
Kraken Futures PF_XBTUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against StandX. 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
- $9.65
- Price spread: +0.107% → +0.027%
- $7.98
- Slippage, 4 orders
- −$2.39
- Fee StandX: 4 bp × 2 orders
- −$8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$2.77
- Costs to cover
- 0.204%
- Break-even
- 9.0 days
Slippage from StandX: live order book, 2 min ago; Kraken Futures: 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 StandX live order book, 2 min ago | 0.47 bp | 5.2 bp −$5 | 6.2 bp −$62 | 8.2 bp −$822 | 9.5 bp −$4,757 |
| Sell Kraken Futures live order book, 2 min ago | 0.06 bp | 5.1 bp −$5 | 6.5 bp −$65 | 7.7 bp −$769 | 10.0 bp −$5,020 |
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 | −0.0144% | 1h | 85,785 | +0.188% | $2.2M | $10.5M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,660 | +0.042% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0064% | 1h | 85,632.6 | +0.010% | $362K | $2.3M | 50x | as long as short |
| dYdX BTC-USD | +0.0002% | 1h | 85,692.4 | +0.079% | $16.8M | $21.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,700.7 | +0.089% | $36.7M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0020% | 1h | 85,691 | +0.078% | $340K | $26.9M | 52x | as long as short |
| KuCoin XBTUSDTM | +0.0031% | 8h | 85,649.9 | +0.030% | $900.5M | $753.5M | 125x | as long as short |
| Aster BTCUSDT | +0.0033% | 8h | 85,649 | +0.029% | $515.9M | $1.14B | 200x | as long as short |
| RISEx BTC/USDC | +0.0044% | 1h | 85,667.3 | +0.050% | $8.2M | $42.1M | 25x | as long as short |
| Nado BTC-PERP | +0.0046% | 1h | 85,697.9 | +0.086% | $22.6M | $227.4M | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERP
KuCoin XBTUSDTM
Aster BTCUSDT
RISEx BTC/USDC
Nado BTC-PERPShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0056% | 8h | 85,634.8 | +0.012% | — | $17.1M | — | as long as short |
| Reya BTCRUSDPERP | +0.0059% | 1h | 85,671.4 | +0.055% | $6.7M | $146.3M | 40x | as long as short |
| HTX BTC-USDT | +0.0066% | 8h | 85,679.1 | +0.064% | $2.27B | $947.5M | 200x | as long as short |
| Bitget BTCUSDT | +0.0070% | 8h | 85,641.4 | +0.020% | $2.95B | $5.08B | 150x | as long as short |
| ApeX Omni BTCUSDT | +0.0086% | 1h | 85,712.3 | +0.103% | $140.1M | $318.2M | 100x | as long as short |
| Binance BTCUSDT | +0.0091% | 8h | 85,657.5 | +0.039% | $9.33B | $24.30B | 150x | as long as short |
| MEXC BTC_USDT | +0.0092% | 8h | 85,645 | +0.024% | $5.08B | $5.74B | 500x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,663.2 | +0.045% | $170.4M | $992.7M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,672.9 | +0.057% | $23.5M | $147.7M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,636 | +0.014% | $8.4M | $51.9M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,681.7 | +0.067% | $2.5M | $1.8M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,616 | −0.010% | $202K | $7.5M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,637.8 | +0.016% | $3.8M | $8.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,726 | +0.119% | $3.76B | $4.98B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,692 | +0.079% | $40.8M | $571.9M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,660.7 | +0.043% | $5.30B | $9.74B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,658.6 | +0.040% | $2.54B | $12.34B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,652 | +0.032% | $3.9M | $18.3M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,616 | −0.010% | $7.2M | $97.6M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,744.8 | +0.141% | $590.5M | $195.3M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,648.4 | +0.028% | $5.59B | $10.57B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,649.4 | +0.029% | $35.2M | $165.3M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,688 | +0.074% | $156.6M | $555.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,709.8 | +0.100% | $278.8M | $940.8M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,761.2 | +0.160% | $215.2M | $166.3M | 50x | as long as short |
| StandX BTC-USDlong | +0.0100% | 1h | 85,624.3 | long leg | $30.3M | $208.8M | 40x | |
| Vest BTC-PERP | +0.0100% | 1h | 85,728.5 | +0.122% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,669 | +0.052% | $11.0M | $14.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,693 | +0.080% | $188K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,681.5 | +0.067% | $2.4M | $9.0M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,728.8 | +0.122% | $186K | $708K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,688.5 | +0.075% | $30.0M | $56.0M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,665.8 | +0.048% | $2.9M | $6.6M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,692 | +0.079% | $60.0M | $337.0M | 40x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,691.6 | +0.079% | $153.6M | $480.5M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,618.2 | −0.007% | $44.0M | $227.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,668.5 | +0.052% | — | $101.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,726.1 | +0.119% | $131.3M | $5.15B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0144% | 1h | 85,671.4 | +0.055% | $694K | $7.8M | 30x | as long as short |
| Kraken Futures PF_XBTUSDshort | +0.0146% | 1h | 85,716 | +0.107% | $187.9M | $963.6M | 100x | |
| Aftermath Perps BTCUSD | +0.0171% | 1h | 85,716.7 | +0.108% | $78K | $219K | 20x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0203% / S −0.0189% | 1h | 85,696.1 | +0.084% | $13.5M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0211% | 8h | 85,702 | +0.091% | $10.2M | $770.2M | 6.4x | as long as short |
| Deribit BTC-PERPETUAL | +0.0248% | 1h | 85,742.2 | +0.138% | $894.6M | $1.54B | 50x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,695.5 | +0.083% | $514K | $20.5M | 6.7x | as long as short |
BingX BTC-USDC
Reya BTCRUSDPERP
HTX BTC-USDT
Bitget BTCUSDT
ApeX Omni BTCUSDT
Binance BTCUSDT
MEXC BTC_USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
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
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Deribit BTC-PERPETUAL
Perpl BTC