Funding you earn now, next payment 07:00 UTC−0.0101%/8h= −11.1% APRpaid last 24h −0.013%
Price spread now: Kalshi against Aftermath Perps−0.060%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$300.299% of the position
Funding, last 3 days (all we have)−0.084%−$8 on $10k
+Price spread, last 4 days (all we have)+0.075%+$8 · spread now −0.060%, 7d avg −0.022%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Kalshi is 0.038% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.022%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aftermath Perps BTCUSD | 85,417.2 | 0.0276 | pay 0.0034% / 1h | 0m 58s | $79K | $246K | 20x |
| Short | Kalshi KXBTCPERP | 85,366 | 0.0174 | get 0.0174% / 8h | 5h 00m | $11.9M | $738.9M | 6.4x |
Aftermath Perps BTCUSD
Kalshi KXBTCPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Aftermath Perps. 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
- −$21.28
- Price spread: −0.060% → −0.022%
- −$3.77
- Slippage, 4 orders
- −$10.93
- Fee Aftermath Perps: 4.5 bp × 2 orders
- −$9
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$54.97
- Costs to cover
- 0.299%
- Break-even
- never at this rate
Slippage from Aftermath Perps: live order book, 48 min ago; Kalshi: live order book, 3 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 Aftermath Perps live order book, 48 min ago | 0.14 bp | 8.6 bp −$9 | 12.6 bp −$126 | doesn't fit | doesn't fit |
| Sell Kalshi live order book, 3 min ago | 0.06 bp | 5.3 bp −$5 | 6.5 bp −$65 | 7.6 bp −$756 | 12.0 bp −$6,004 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0082% | 1h | 85,415 | −0.003% | $2.3M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,360 | −0.067% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0031% | 8h | 85,330 | −0.102% | $928.3M | $773.2M | 125x | as long as short |
| BloFin BTC-USDT | −0.0023% | 8h | 85,336.6 | −0.094% | $420.9M | $680.7M | 150x | as long as short |
| Aster BTCUSDT | −0.0004% | 8h | 85,316.2 | −0.118% | $512.0M | $1.09B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,354.1 | −0.074% | $352K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,363.9 | −0.062% | $492K | $18.3M | 6.7x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 85,362.3 | −0.064% | $848.4M | $1.65B | 50x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 85,384.6 | −0.038% | $16.7M | $21.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,349.5 | −0.079% | $36.5M | — | 200x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
01 Exchange BTCUSD
Perpl BTC
Deribit BTC-PERPETUAL
dYdX BTC-USD
gTrade (Gains Network) BTC/USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado BTC-PERP | +0.0048% | 1h | 85,350.1 | −0.079% | $24.1M | $219.7M | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0057% | 1h | 85,374 | −0.051% | $338K | $26.8M | 52x | as long as short |
| BingX BTC-USDC | +0.0074% | 8h | 85,302 | −0.135% | — | $17.4M | — | as long as short |
| Kraken Futures PF_XBTUSD | +0.0089% | 1h | 85,346.2 | −0.083% | $185.8M | $951.9M | 100x | as long as short |
| Bybit BTCUSDT | +0.0091% | 8h | 85,315 | −0.120% | $5.13B | $9.97B | 150x | as long as short |
| Bitget BTCUSDT | +0.0091% | 8h | 85,321.3 | −0.112% | $2.96B | $5.15B | 150x | as long as short |
| SoDEX BTC-USD | +0.0091% | 1h | 85,335 | −0.096% | $59.7M | $336.6M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,344 | −0.086% | $169.7M | $1.03B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,348.1 | −0.081% | $23.6M | $149.1M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,344 | −0.086% | $8.4M | $57.2M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,328 | −0.104% | $2.4M | $6.7M | 20x | as long as short |
| Binance BTCUSDT | +0.0097% | 8h | 85,326.1 | −0.107% | $9.41B | $24.88B | 150x | as long as short |
| MEXC BTC_USDT | +0.0097% | 8h | 85,331 | −0.101% | $5.04B | $5.79B | 500x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,324 | −0.109% | $245K | $8.6M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,382.7 | −0.040% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,406.7 | −0.012% | $3.74B | $5.06B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,379.5 | −0.044% | $40.4M | $603.0M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,325.1 | −0.108% | $2.60B | $12.18B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,346 | −0.083% | $3.8M | $17.1M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,346.3 | −0.083% | $5.1M | $96.0M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,333.4 | −0.098% | $5.54B | $11.10B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,314.4 | −0.120% | $37.2M | $183.1M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,432.9 | +0.018% | $156.6M | $557.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,382.6 | −0.041% | $279.7M | $953.9M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,372.3 | −0.053% | $214.3M | $161.6M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,433.9 | +0.020% | $139.7M | $313.2M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,339 | −0.092% | $30.1M | $207.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,396.1 | −0.025% | — | $9.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,344 | −0.086% | $11.0M | $14.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,332.7 | −0.099% | $198K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,334.9 | −0.096% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,370.8 | −0.054% | $194K | $795K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,383.8 | −0.039% | $30.0M | $46.1M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,352.6 | −0.076% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,335.1 | −0.096% | $2.26B | $963.1M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,346.6 | −0.083% | $157.5M | $512.2M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,413.1 | −0.005% | $689.0M | $342.5M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,310.9 | −0.125% | $45.2M | $240.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,357.8 | −0.070% | — | $104.3M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,365 | −0.061% | $113.1M | $5.47B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0135% | 1h | 85,334.2 | −0.097% | $6.6M | $147.4M | 40x | as long as short |
| Kalshi KXBTCPERPshort | +0.0174% | 8h | 85,366 | −0.060% | $11.9M | $738.9M | 6.4x | |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0175% / S −0.0147% | 1h | 85,346.4 | −0.083% | $13.0M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0193% | 1h | 85,366.9 | −0.059% | $8.8M | $42.7M | 25x | as long as short |
| Hibachi BTC/USDT-P | +0.0208% | 1h | 85,384.7 | −0.038% | $684K | $7.8M | 30x | as long as short |
| Aftermath Perps BTCUSDlong | +0.0276% | 1h | 85,417.2 | long leg | $79K | $246K | 20x |
Nado BTC-PERP
Injective BTC/USDC PERP
BingX BTC-USDC
Kraken Futures PF_XBTUSD
Bybit BTCUSDT
Bitget BTCUSDT
SoDEX BTC-USD
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Binance BTCUSDT
MEXC BTC_USDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
GMX BTC/USD [WBTC.b-USDC]
RISEx BTC/USDC
Hibachi BTC/USDT-P