Funding you earn now, next payment 16:00 UTC−0.0006%/8h= −0.6% APRnext payment −$0.06 per $10,000 · paid last 24h +0.004%
Price spread now: HTX against Binance−0.011%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$220.220% of the position
Funding, last 7 days−0.024%−$2 on $10k
+Price spread, last 4 days (all we have)−0.047%−$5 · spread now −0.011%, 7d avg −0.015%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BTCUSDT | 85,893.7 | 0.0077 | pay 0.0077% / 8h | 5h 06m | $9.41B | $20.28B | 150x |
| Short | HTX BTC-USDT | 85,883.9 | 0.0071 | get 0.0071% / 8h | 5h 06m | $2.27B | $786.7M | 200x |
Binance BTCUSDT
HTX BTC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Binance. 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
- −$1.18
- Price spread: −0.011% → −0.015%
- $0.37
- Slippage, 4 orders
- −$0.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$22.84
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage from Binance: live order book, 16 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 Binance live order book, 16 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.0 bp −$501 | 5.9 bp −$2,937 |
| Sell HTX live order book, 1 min ago | 0.01 bp | 6.0 bp −$6 | 6.0 bp −$60 | 6.1 bp −$613 | 8.9 bp −$4,444 |
BTC on 56 exchanges
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 | −0.0133% | 1h | 85,779 | −0.133% | $2.1M | $7.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,196 | +0.352% | $8K | $2K | 50x | as long as short |
| BloFin BTC-USDT | −0.0044% | 8h | 85,849.3 | −0.052% | $421.8M | $550.0M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0040% | 1h | 85,896.5 | +0.003% | $367K | $1.9M | 50x | as long as short |
| SoDEX BTC-USD | −0.0004% | 1h | 85,893 | −0.001% | $65.8M | $187.7M | 40x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,830.6 | −0.073% | $467K | $13.5M | 6.7x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 85,889.3 | −0.005% | $16.8M | $13.6M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,903.2 | +0.011% | $36.9M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0009% | 1h | 85,828 | −0.076% | $320K | $30.6M | 52x | as long as short |
| Aster BTCUSDT | +0.0014% | 8h | 85,883.2 | −0.012% | $511.3M | $846.6M | 200x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
BloFin BTC-USDT
01 Exchange BTCUSD
SoDEX BTC-USD
Perpl BTC
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERP
Aster BTCUSDTShow all 56 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XBTUSD | +0.0030% | 1h | 85,905.9 | +0.014% | $192.1M | $750.4M | 100x | as long as short |
| BingX BTC-USDT | +0.0043% | 8h | 85,897.4 | +0.004% | — | $1.30B | — | as long as short |
| Popdex BTCUSDT | +0.0048% | 1h | 85,896 | +0.003% | $8.6M | $45.5M | 100x | as long as short |
| KuCoin XBTUSDTM | +0.0053% | 8h | 85,891.3 | −0.003% | $941.8M | $636.1M | 125x | as long as short |
| Bybit BTCUSDT | +0.0058% | 8h | 85,897.2 | +0.004% | $5.14B | $8.05B | 150x | as long as short |
| Phemex BTCUSDT | +0.0062% | 8h | 85,894.8 | +0.001% | $170.1M | $476.1M | 150x | as long as short |
| HTX BTC-USDTshort | +0.0071% | 8h | 85,883.9 | −0.011% | $2.27B | $786.7M | 200x | |
| Gate BTC_USDT | +0.0075% | 8h | 85,900.3 | +0.008% | $5.51B | $9.05B | 200x | as long as short |
| MEXC BTC_USDT | +0.0076% | 8h | 85,894.5 | +0.001% | $5.16B | $4.91B | 500x | as long as short |
| Binance BTCUSDTlong | +0.0077% | 8h | 85,893.7 | long leg | $9.41B | $20.28B | 150x | |
| Aevo BTC-PERP | +0.0080% | 1h | 85,878.2 | −0.018% | $2.4M | $6.8M | 20x | as long as short |
| Bitget BTCUSDT | +0.0088% | 8h | 85,898.7 | +0.006% | $3.00B | $3.89B | 150x | as long as short |
| GRVT BTC_USDT_Perp | +0.0091% | 8h | 85,792.9 | −0.117% | $215.6M | $132.8M | 50x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,912.1 | +0.021% | $172.9M | $876.1M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,911.8 | +0.021% | $23.7M | $121.8M | 50x | as long as short |
| Bullet BTC-USD | +0.0098% | 1h | 85,904.1 | +0.012% | $211K | $3.2M | 20x | as long as short |
| Nado BTC-PERP | +0.0099% | 1h | 85,880 | −0.016% | $23.3M | $190.7M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,872 | −0.025% | $229K | $8.0M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,907.3 | +0.016% | $5.9M | $7.3M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,911 | +0.020% | $40.0M | $571.4M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,903.7 | +0.012% | $2.63B | $9.28B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,871 | −0.026% | $3.9M | $14.7M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,889.5 | −0.005% | $4.9M | $91.5M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,846.4 | −0.055% | $713.8M | $100.1M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,881.8 | −0.014% | $38.0M | $194.9M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,758.6 | −0.157% | $155.2M | $472.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,755.6 | −0.161% | $289.3M | $738.0M | 100x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,805 | −0.103% | $137.8M | $288.4M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,834.8 | −0.069% | $30.2M | $227.1M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,940.4 | +0.054% | — | $10.2M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,902 | +0.010% | $11.0M | $11.9M | 50x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,887.7 | −0.007% | $2.6M | $8.9M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,925.9 | +0.038% | $143K | $607K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,867.5 | −0.030% | $29.0M | $44.5M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,901.7 | +0.009% | $3.3M | $6.7M | 100x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,866.3 | −0.032% | $47.4M | $193.0M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,887.2 | −0.007% | — | $79.5M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 85,938.6 | +0.052% | $112.4M | $4.94B | 50x | as long as short |
| Hyperliquid BTC | +0.0151% | 1h | 85,991 | +0.113% | $3.94B | $4.18B | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0156% | 8h | 85,912 | +0.021% | $12.0M | $736.1M | 6.4x | as long as short |
| Reya BTCRUSDPERP | +0.0170% | 1h | 85,883.4 | −0.012% | $6.6M | $128.4M | 40x | as long as short |
| RISEx BTC/USDC | +0.0187% | 1h | 85,915.6 | +0.026% | $9.0M | $35.7M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0211% / S −0.0251% | 1h | 85,906.8 | +0.015% | $15.5M | — | 200x | as long as short |
| Deribit BTC-PERPETUAL | +0.0245% | 1h | 85,945.2 | +0.060% | $820.3M | $1.50B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0320% | 1h | 85,883.6 | −0.012% | $691K | $6.7M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0358% | 1h | 85,853.8 | −0.046% | $79K | $228K | 20x | as long as short |
Kraken Futures PF_XBTUSD
BingX BTC-USDT
Popdex BTCUSDT
KuCoin XBTUSDTM
Bybit BTCUSDT
Phemex BTCUSDT
Gate BTC_USDT
MEXC BTC_USDT
Aevo BTC-PERP
Bitget BTCUSDT
GRVT BTC_USDT_Perp
Lighter BTC
Lighter RH BTC
Bullet BTC-USD
Nado BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Hyperliquid BTC
Kalshi KXBTCPERP
Reya BTCRUSDPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Deribit BTC-PERPETUAL
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD