BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0048%/8h= +5.3% APRnext payment +$0.48 per $10,000 · paid last 24h +0.006%

Price spread now: HTX against Bitget−0.058%7-day average −0.011% · 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−$29as in the Price arb table

costs, in and out, $10k−$240.240% of the position

Long on Bitget Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 3 days (all we have)+0.017%+$2 · spread now −0.058%, 7d avg −0.011%

Together, before fees+0.013%+$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. HTX is 0.047% cheaper against Bitget than usual: you would sell low and buy high (spread −0.058% now, against its 7-day average of −0.011%). If the spread goes back, that is −$5 on $10k: about 3.3 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BTCUSDT	86,399.8	0.0052	pay 0.0052% / 8h	21m 01s	$2.96B	$5.13B	150x
Short	HTX BTC-USDT	86,350.1	0.0100	get 0.0100% / 8h	21m 01s	$2.29B	$968.1M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bitget. 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 BitgetbpFee HTXbpOrdersPrice spread, now −0.058%Rate

Funding earned: $10.08
Price spread: −0.058% → −0.011%: −$4.69
Slippage, 4 orders: −$0.02
Fee Bitget: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$18.64
Costs to cover: 0.240%
Break-even: 19.9 days

Slippage from Bitget: live order book, 3 min ago; HTX: 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 Bitget live order book, 3 min ago	0.01 bp	6.0 bp −$6	6.4 bp −$64	7.3 bp −$733	doesn't fit
Sell HTX live order book, 3 min ago	0.01 bp	6.0 bp −$6	6.0 bp −$60	6.8 bp −$683	9.6 bp −$4,806

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	−0.0118%	1h	86,367	−0.038%	$2.2M	$11.8M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,360	−0.046%	$9K	$3K	50x	as long as short
Injective BTC/USDC PERP	−0.0035%	1h	86,345	−0.063%	$332K	$26.9M	52x	as long as short
RISEx BTC/USDC	−0.0024%	1h	86,394	−0.007%	$8.3M	$42.8M	25x	as long as short
01 Exchange BTCUSD	−0.0016%	1h	86,392.5	−0.008%	$359K	$2.5M	50x	as long as short
Aster BTCUSDT	−0.0001%	8h	86,411.4	+0.013%	$501.3M	$1.15B	200x	as long as short
Perpl BTC	0.0000%	43m	86,418.6	+0.022%	$412K	$22.9M	6.7x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	86,387.9	−0.014%	$36.8M	—	200x	as long as short
KuCoin XBTUSDTM	+0.0017%	8h	86,393.4	−0.007%	$852.8M	$715.8M	125x	as long as short
Reya BTCRUSDPERP	+0.0033%	1h	86,384	−0.018%	$6.7M	$145.5M	40x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit BTC-PERPETUAL	+0.0039%	1h	86,395.3	−0.005%	$914.0M	$1.48B	50x	as long as short
BingX BTC-USDC	+0.0042%	8h	86,392.1	−0.009%	—	$15.4M	—	as long as short
Bitget BTCUSDTlong	+0.0052%	8h	86,399.8	long leg	$2.96B	$5.13B	150x
Phemex BTCUSDT	+0.0054%	8h	86,361.3	−0.045%	$150.1M	$478.8M	150x	as long as short
dYdX BTC-USD	+0.0060%	1h	86,411.1	+0.013%	$16.9M	$21.2M	50x	as long as short
Aevo BTC-PERP	+0.0064%	1h	86,346.4	−0.062%	$2.4M	$1.3M	20x	as long as short
MEXC BTC_USDT	+0.0068%	8h	86,398.1	−0.002%	$5.17B	$5.67B	500x	as long as short
Binance BTCUSDT	+0.0069%	8h	86,408.6	+0.010%	$9.42B	$24.59B	150x	as long as short
Gate BTC_USDT	+0.0081%	8h	86,403.9	+0.005%	$5.85B	$10.78B	200x	as long as short
SoDEX BTC-USD	+0.0089%	1h	86,354	−0.053%	$60.4M	$338.1M	40x	as long as short
Lighter BTC	+0.0096%	1h	86,379.9	−0.023%	$170.0M	$1.02B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,380.6	−0.022%	$23.9M	$152.5M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,392	−0.009%	$8.4M	$52.4M	100x	as long as short
Bybit BTCUSDT	+0.0097%	8h	86,408.6	+0.010%	$5.26B	$9.80B	150x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,363	−0.043%	$202K	$7.1M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,430.7	+0.036%	$4.8M	$8.5M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,396.5	−0.004%	$21.9M	$234.5M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,450	+0.058%	$3.79B	$5.10B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,417.2	+0.020%	$41.0M	$529.8M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,399.3	−0.001%	$2.55B	$12.73B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,397	−0.003%	$3.9M	$18.7M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,425.6	+0.030%	$7.4M	$95.5M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,364.3	−0.041%	$37.9M	$157.0M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,376.4	−0.027%	$157.0M	$568.3M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,328.2	−0.083%	$278.8M	$946.3M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,354.3	−0.053%	$216.8M	$171.7M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,355.9	−0.051%	$141.2M	$323.0M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,377.3	−0.026%	$30.6M	$205.3M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,432.1	+0.037%	—	$11.9M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,391	−0.010%	$11.1M	$13.9M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,382.9	−0.020%	$190K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,352.1	−0.055%	$2.4M	$9.4M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	86,379.4	−0.024%	$140K	$664K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,387.9	−0.014%	$30.5M	$62.6M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,402.6	+0.003%	$3.4M	$5.3M	100x	as long as short
HTX BTC-USDTshort	+0.0100%	8h	86,350.1	−0.058%	$2.29B	$968.1M	200x
Bulk BTC-USD	+0.0100%	1h	86,464.9	+0.075%	$572.1M	$16.9M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	86,381.6	−0.021%	$45.6M	$227.5M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,421.4	+0.025%	—	$99.0M	500x	as long as short
Kraken Futures PF_XBTUSD	+0.0110%	1h	86,385.3	−0.017%	$191.7M	$953.9M	100x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	86,408.2	+0.010%	$132.2M	$5.64B	50x	as long as short
Aftermath Perps BTCUSD	+0.0154%	1h	86,432.6	+0.038%	$78K	$219K	20x	as long as short
Hibachi BTC/USDT-P	+0.0184%	1h	86,447.2	+0.055%	$728K	$8.0M	30x	as long as short
BloFin BTC-USDT	+0.0189%	8h	86,357.9	−0.048%	$415.7M	$658.0M	150x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0197% / S −0.0220%	1h	86,390.8	−0.010%	$15.0M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0206%	8h	86,411	+0.013%	$9.8M	$749.4M	6.4x	as long as short