BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0122%/8h= +13.4% APRnext payment +$1.22 per $10,000 · paid last 24h +0.025%

Price spread now: HTX against BloFin−0.044%59s7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

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

Long on BloFin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 4 days (all we have)+0.026%+$3 · spread now −0.044%, 7d avg −0.009%

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

Funding pays, the price is against you. HTX is 0.034% cheaper against BloFin than usual: you would sell low and buy high (spread −0.044% now, against its 7-day average of −0.009%). If the spread goes back, that is −$3 on $10k: about 23 hours of funding at the current rate (+$4 a day). The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BTC-USDT	85,517.2	−0.0022	get 0.0022% / 8h	1h 15m	$420.1M	$682.9M	150x
Short	HTX BTC-USDT	85,480	0.0100	get 0.0100% / 8h	1h 15m	$2.26B	$966.4M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against BloFin. 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 BloFinbpFee HTXbpOrdersPrice spread, now −0.044%Rate

Funding earned: $25.65
Price spread: −0.044% → −0.009%: −$3.45
Slippage, 4 orders: −$0.05
Fee BloFin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$1.85
Costs to cover: 0.240%
Break-even: 7.5 days

Slippage from BloFin: live order book, 9 min ago; HTX: live order book, 4 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 BloFin live order book, 9 min ago	0.02 bp	6.0 bp −$6	6.0 bp −$60	6.2 bp −$621	doesn't fit
Sell HTX live order book, 4 min ago	0.01 bp	6.0 bp −$6	6.0 bp −$60	6.2 bp −$625	9.7 bp −$4,874

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	−0.0082%	1h	85,513	−0.005%	$2.2M	$10.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,475	−0.049%	$8K	$3K	50x	as long as short
KuCoin XBTUSDTM	−0.0038%	8h	85,480.1	−0.043%	$929.9M	$775.4M	125x	as long as short
BloFin BTC-USDTlong	−0.0022%	8h	85,517.2	long leg	$420.1M	$682.9M	150x
Aster BTCUSDT	−0.0002%	8h	85,474	−0.050%	$513.4M	$1.09B	200x	as long as short
01 Exchange BTCUSD	0.0000%	1h	85,481.4	−0.042%	$353K	$2.4M	50x	as long as short
Perpl BTC	0.0000%	43m	85,492.4	−0.029%	$490K	$18.4M	6.7x	as long as short
Deribit BTC-PERPETUAL	0.0000%	1h	85,508.1	−0.011%	$861.4M	$1.63B	50x	as long as short
dYdX BTC-USD	+0.0001%	1h	85,517.7	+0.001%	$16.8M	$21.2M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,530.2	+0.015%	$36.6M	—	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado BTC-PERP	+0.0043%	1h	85,487.8	−0.034%	$24.2M	$222.7M	50x	as long as short
Injective BTC/USDC PERP	+0.0057%	1h	85,247	−0.316%	$338K	$26.8M	52x	as long as short
Popdex BTCUSDT	+0.0072%	1h	85,497	−0.024%	$8.5M	$56.7M	100x	as long as short
BingX BTC-USDT	+0.0073%	8h	85,460.6	−0.066%	—	$1.57B	—	as long as short
Kraken Futures PF_XBTUSD	+0.0089%	1h	85,489.5	−0.032%	$186.1M	$959.0M	100x	as long as short
Bitget BTCUSDT	+0.0091%	8h	85,462	−0.065%	$2.97B	$5.17B	150x	as long as short
Lighter BTC	+0.0096%	1h	85,484	−0.039%	$170.2M	$1.03B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,488.7	−0.033%	$23.6M	$148.4M	50x	as long as short
Aevo BTC-PERP	+0.0096%	1h	85,471.1	−0.054%	$2.4M	$6.7M	20x	as long as short
MEXC BTC_USDT	+0.0097%	8h	85,476.5	−0.048%	$5.03B	$5.77B	500x	as long as short
Bybit BTCUSDT	+0.0098%	8h	85,454.5	−0.073%	$5.14B	$9.99B	150x	as long as short
Binance BTCUSDT	+0.0099%	8h	85,471.1	−0.054%	$9.43B	$24.99B	150x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,450	−0.079%	$245K	$8.7M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,530.7	+0.016%	$5.8M	$9.6M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,564.5	+0.055%	$3.75B	$5.08B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,505.8	−0.013%	$40.1M	$603.8M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,464.3	−0.062%	$2.60B	$12.24B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,450	−0.079%	$3.8M	$17.1M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,459.3	−0.068%	$5.1M	$97.4M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,499.5	−0.021%	$686.3M	$379.3M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,465.9	−0.060%	$5.56B	$11.07B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,469.4	−0.056%	$37.2M	$179.4M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,450.4	−0.078%	$156.4M	$558.0M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,505.1	−0.014%	$280.1M	$953.6M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,525	+0.009%	$214.7M	$164.4M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	85,519	+0.002%	$139.8M	$313.5M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	85,493.1	−0.028%	$30.1M	$206.3M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,558.6	+0.048%	—	$10.7M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,482	−0.041%	$11.0M	$14.6M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,482	−0.041%	$200K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,477.8	−0.046%	$2.6M	$9.7M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,521.2	+0.005%	$194K	$796K	40x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,473.3	−0.051%	$2.9M	$6.1M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,477	−0.047%	$59.8M	$336.7M	40x	as long as short
HTX BTC-USDTshort	+0.0100%	8h	85,480	−0.044%	$2.26B	$966.4M	200x
Phemex BTCUSDT	+0.0100%	8h	85,486.9	−0.035%	$154.5M	$512.2M	150x	as long as short
Extended BTC-USD	+0.0104%	1h	85,436.5	−0.094%	$44.9M	$240.7M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,526.3	+0.011%	—	$104.8M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	85,515.6	−0.002%	$114.3M	$5.50B	50x	as long as short
Reya BTCRUSDPERP	+0.0131%	1h	85,513	−0.005%	$6.6M	$147.7M	40x	as long as short
Kalshi KXBTCPERP	+0.0183%	8h	85,499	−0.021%	$12.0M	$741.7M	6.4x	as long as short
RISEx BTC/USDC	+0.0193%	1h	85,506.3	−0.013%	$8.8M	$42.7M	25x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0200% / S −0.0176%	1h	85,490.1	−0.032%	$13.1M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0224%	1h	85,555.1	+0.044%	$686K	$7.8M	30x	as long as short
Aftermath Perps BTCUSD	+0.0249%	1h	85,521	+0.004%	$79K	$230K	20x	as long as short