Funding you earn now, next payment 07:00 UTC+0.0101%/8h= +11.1% APRpaid last 24h +0.013%
Price spread now: Aftermath Perps against Kalshi+0.060%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$26as 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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aftermath Perps is 0.038% dearer against Kalshi than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.022%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXBTCPERP | 85,366 | 0.0174 | pay 0.0174% / 8h | 5h 00m | $11.9M | $738.9M | 6.4x |
| Short | Aftermath Perps BTCUSD | 85,417.2 | 0.0276 | get 0.0034% / 1h | 0m 41s | $79K | $246K | 20x |
Kalshi KXBTCPERP
Aftermath Perps BTCUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aftermath Perps against Kalshi. 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 Kalshi: 5 bp × 2 orders
- −$10
- Fee Aftermath Perps: 4.5 bp × 2 orders
- −$9
- Net
- −$4.88
- Costs to cover
- 0.299%
- Break-even
- 8.6 days
Slippage from Kalshi: live order book, 4 min ago; Aftermath Perps: live order book, 48 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 Kalshi live order book, 4 min ago | 0.06 bp | 5.4 bp −$5 | 6.3 bp −$63 | 7.4 bp −$737 | 12.0 bp −$6,009 |
| Sell Aftermath Perps live order book, 48 min ago | 0.14 bp | 10.6 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
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 | +0.057% | $2.3M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,360 | −0.007% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0031% | 8h | 85,321.8 | −0.052% | $928.3M | $773.0M | 125x | as long as short |
| BloFin BTC-USDT | −0.0023% | 8h | 85,336.6 | −0.034% | $420.9M | $680.7M | 150x | as long as short |
| Aster BTCUSDT | −0.0005% | 8h | 85,314.1 | −0.061% | $512.0M | $1.09B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,367.4 | +0.002% | $352K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,363.9 | −0.002% | $492K | $18.3M | 6.7x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 85,362.3 | −0.004% | $848.4M | $1.65B | 50x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 85,341.4 | −0.029% | $16.7M | $21.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,349.5 | −0.019% | $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 | −0.019% | $24.1M | $219.7M | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0057% | 1h | 85,374 | +0.009% | $338K | $26.8M | 52x | as long as short |
| BingX BTC-USDC | +0.0073% | 8h | 85,328.7 | −0.044% | — | $17.4M | — | as long as short |
| Kraken Futures PF_XBTUSD | +0.0089% | 1h | 85,346.2 | −0.023% | $185.8M | $951.9M | 100x | as long as short |
| Bybit BTCUSDT | +0.0089% | 8h | 85,328.4 | −0.044% | $5.13B | $9.97B | 150x | as long as short |
| Bitget BTCUSDT | +0.0091% | 8h | 85,350.5 | −0.018% | $2.96B | $5.15B | 150x | as long as short |
| SoDEX BTC-USD | +0.0091% | 1h | 85,335 | −0.036% | $59.7M | $336.6M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,334 | −0.037% | $169.7M | $1.03B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,333.8 | −0.038% | $23.5M | $149.2M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,344 | −0.026% | $8.4M | $57.2M | 100x | as long as short |
| MEXC BTC_USDT | +0.0096% | 8h | 85,339.4 | −0.031% | $5.04B | $5.79B | 500x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,328 | −0.044% | $2.4M | $6.7M | 20x | as long as short |
| Binance BTCUSDT | +0.0096% | 8h | 85,324 | −0.049% | $9.41B | $24.87B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,330 | −0.042% | $245K | $8.6M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,399.1 | +0.039% | $5.8M | $9.5M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,400 | +0.040% | $3.74B | $5.06B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,359 | −0.008% | $40.4M | $603.0M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,357.1 | −0.010% | $2.60B | $12.18B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,320 | −0.054% | $3.8M | $17.1M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,350.6 | −0.018% | $5.1M | $96.0M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,324.1 | −0.049% | $690.8M | $302.3M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,361.8 | −0.005% | $5.54B | $11.10B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,314.4 | −0.060% | $37.2M | $183.1M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,299.4 | −0.078% | $156.2M | $556.9M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,382.6 | +0.019% | $279.7M | $953.9M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,372.3 | +0.007% | $214.3M | $161.6M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,433.9 | +0.080% | $139.7M | $313.2M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,339 | −0.032% | $30.1M | $207.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,396.1 | +0.035% | — | $9.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,344 | −0.026% | $11.0M | $14.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,332.7 | −0.039% | $198K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,334.9 | −0.036% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,370.8 | +0.006% | $194K | $795K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,383.8 | +0.021% | $30.0M | $46.1M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,352.6 | −0.016% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,335.1 | −0.036% | $2.26B | $963.1M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,346.6 | −0.023% | $157.5M | $512.2M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,327.1 | −0.046% | $45.2M | $240.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,357.8 | −0.010% | — | $104.3M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,365 | −0.001% | $113.1M | $5.47B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0135% | 1h | 85,334.2 | −0.037% | $6.6M | $147.4M | 40x | as long as short |
| Kalshi KXBTCPERPlong | +0.0174% | 8h | 85,366 | long leg | $11.9M | $738.9M | 6.4x | |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0175% / S −0.0147% | 1h | 85,346.4 | −0.023% | $13.0M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0193% | 1h | 85,377.3 | +0.013% | $8.8M | $42.7M | 25x | as long as short |
| Hibachi BTC/USDT-P | +0.0208% | 1h | 85,384.7 | +0.022% | $684K | $7.8M | 30x | as long as short |
| Aftermath Perps BTCUSDshort | +0.0276% | 1h | 85,417.2 | +0.060% | $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
MEXC BTC_USDT
Aevo BTC-PERP
Binance BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk 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
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