BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.01 per $10,000 · paid last 24h +0.001%

Price spread now: MEXC against HTX−0.030%50s7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as 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−$160.160% of the position

Long on HTX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 4 days (all we have)+0.083%+$8 · spread now −0.030%, 7d avg +0.012%

Together, before fees+0.103%+$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.042% cheaper against HTX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.012%. The two prices were read 50 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	HTX BTC-USDT	85,458.6	0.0100	pay 0.0100% / 8h	3h 25m	$2.26B	$948.7M	200x
Short	MEXC BTC_USDT	85,433	0.0099	get 0.0099% / 8h	3h 25m	$5.06B	$5.66B	500x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against HTX. 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 HTXbpFee MEXCbpOrdersPrice spread, now −0.030%Rate

Funding earned: −$0.21
Price spread: −0.030% → +0.012%: −$4.2
Slippage, 4 orders: −$0.02
Fee HTX: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$20.44
Costs to cover: 0.160%
Break-even: never at this rate

Slippage from HTX: live order book, 4 min ago; MEXC: 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 HTX live order book, 4 min ago	0.01 bp	6.0 bp −$6	6.0 bp −$60	6.8 bp −$685	9.6 bp −$4,776
Sell MEXC live order book, 4 min ago	0.01 bp	2.0 bp −$2	2.0 bp −$20	2.1 bp −$207	2.2 bp −$1,105

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	−0.0140%	1h	85,490	+0.037%	$2.1M	$10.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,452	−0.008%	$8K	$3K	50x	as long as short
KuCoin XBTUSDTM	−0.0042%	8h	85,429.3	−0.034%	$917.8M	$757.4M	125x	as long as short
BloFin BTC-USDT	−0.0020%	8h	85,495.6	+0.043%	$419.0M	$675.7M	150x	as long as short
01 Exchange BTCUSD	−0.0016%	1h	85,451.2	−0.009%	$365K	$2.3M	50x	as long as short
Aster BTCUSDT	−0.0002%	8h	85,429.6	−0.034%	$514.4M	$1.10B	200x	as long as short
Perpl BTC	0.0000%	43m	85,468	+0.011%	$501K	$18.7M	6.7x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,450.2	−0.010%	$36.5M	—	200x	as long as short
Nado BTC-PERP	+0.0004%	1h	85,455.1	−0.004%	$24.5M	$223.3M	50x	as long as short
dYdX BTC-USD	+0.0038%	1h	85,485.8	+0.032%	$16.8M	$21.2M	50x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BTC/USDC PERP	+0.0044%	1h	85,514	+0.065%	$339K	$26.9M	52x	as long as short
BingX BTC-USDC	+0.0065%	8h	85,420.3	−0.045%	—	$17.2M	—	as long as short
SoDEX BTC-USD	+0.0066%	1h	85,456	−0.003%	$59.9M	$336.0M	40x	as long as short
Deribit BTC-PERPETUAL	+0.0066%	1h	85,508.1	+0.058%	$884.7M	$1.59B	50x	as long as short
Phemex BTCUSDT	+0.0073%	8h	85,471	+0.015%	$148.3M	$495.5M	150x	as long as short
Bitget BTCUSDT	+0.0080%	8h	85,435	−0.028%	$2.95B	$5.11B	150x	as long as short
Lighter BTC	+0.0096%	1h	85,466.3	+0.009%	$172.0M	$1.02B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,467.9	+0.011%	$24.0M	$148.6M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,439	−0.023%	$8.4M	$55.0M	100x	as long as short
Aevo BTC-PERP	+0.0096%	1h	85,452.9	−0.007%	$2.7M	$2.0M	20x	as long as short
MEXC BTC_USDTshort	+0.0099%	8h	85,433	−0.030%	$5.06B	$5.66B	500x
Binance BTCUSDT	+0.0099%	8h	85,430.1	−0.033%	$9.43B	$24.42B	150x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,433	−0.030%	$208K	$8.3M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,523.5	+0.076%	$5.7M	$9.4M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,515	+0.066%	$3.79B	$5.02B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,498	+0.046%	$40.1M	$588.0M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,433.2	−0.030%	$5.18B	$9.86B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,446.8	−0.014%	$2.59B	$12.12B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,450	−0.010%	$3.8M	$17.8M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,451.4	−0.008%	$4.7M	$100.4M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,517.4	+0.069%	$680.3M	$725.5M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,458.2	0.000%	$5.53B	$10.81B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,454.9	−0.004%	$36.2M	$179.0M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,453	−0.007%	$154.1M	$565.9M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,480.4	+0.025%	$279.2M	$928.6M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,538.4	+0.093%	$215.0M	$168.8M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	85,498.2	+0.046%	$139.9M	$315.6M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	85,486	+0.032%	$30.2M	$207.1M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,509.6	+0.060%	—	$11.2M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,439	−0.023%	$11.1M	$14.3M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,435	−0.028%	$199K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,463.2	+0.005%	$2.5M	$8.9M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,509.4	+0.059%	$207K	$738K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,458.2	−0.001%	$30.0M	$50.1M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,462.6	+0.005%	$2.9M	$6.1M	100x	as long as short
HTX BTC-USDTlong	+0.0100%	8h	85,458.6	long leg	$2.26B	$948.7M	200x
Reya BTCRUSDPERP	+0.0100%	1h	85,430.9	−0.032%	$6.6M	$147.0M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	85,424.5	−0.040%	$45.0M	$233.6M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	85,476.5	+0.021%	—	$107.3M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	85,494.4	+0.042%	$117.2M	$5.25B	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0135%	1h	85,481.9	+0.027%	$187.5M	$954.7M	100x	as long as short
RISEx BTC/USDC	+0.0174%	1h	85,470	+0.013%	$8.6M	$43.0M	25x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0176% / S −0.0149%	1h	85,490.3	+0.037%	$13.1M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0188%	8h	85,509	+0.059%	$11.7M	$754.3M	6.4x	as long as short
Hibachi BTC/USDT-P	+0.0240%	1h	85,520.9	+0.073%	$697K	$7.9M	30x	as long as short
Aftermath Perps BTCUSD	+0.0252%	1h	85,524.2	+0.077%	$78K	$221K	20x	as long as short