Funding you earn now, next payment 08:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.96 per $10,000 · paid last 24h −0.010%
Price spread now: Bitget against Kalshi−0.114%7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$230.231% of the position
Funding, last 7 days−0.037%−$4 on $10k
+Price spread, last 7 days+0.089%+$9 · spread now −0.114%, 7d avg +0.002%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.116% cheaper against Kalshi than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.002%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXBTCPERP | 85,207 | 0.0180 | pay 0.0180% / 8h | 6h 28m | $11.3M | $744.5M | 6.4x |
| Short | Bitget BTCUSDT | 85,109.9 | 0.0084 | get 0.0084% / 8h | 2h 28m | $2.95B | $5.15B | 150x |
Kalshi KXBTCPERP
Bitget BTCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$20.11
- Price spread: −0.114% → +0.002%
- −$11.59
- Slippage, 4 orders
- −$1.07
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$54.77
- Costs to cover
- 0.231%
- Break-even
- never at this rate
Slippage from Kalshi: live order book, 6 min ago; Bitget: live order book, 6 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, 6 min ago | 0.35 bp | 5.4 bp −$5 | 6.8 bp −$68 | 7.4 bp −$738 | 12.8 bp −$6,409 |
| Sell Bitget live order book, 6 min ago | 0.01 bp | 6.0 bp −$6 | 6.0 bp −$60 | 6.8 bp −$683 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Perpl BTC | −0.0112% | 43m | 85,147.4 | −0.070% | $524K | $18.4M | 6.7x | as long as short |
| Phoenix BTC | −0.0111% | 1h | 85,204 | −0.004% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,173 | −0.040% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0054% | 8h | 85,129 | −0.092% | $921.1M | $763.4M | 125x | as long as short |
| BloFin BTC-USDT | −0.0035% | 8h | 85,189.4 | −0.021% | $419.3M | $678.8M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0024% | 1h | 85,134.5 | −0.085% | $373K | $2.3M | 50x | as long as short |
| Aster BTCUSDT | −0.0015% | 8h | 85,116.8 | −0.106% | $511.7M | $1.09B | 200x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 85,169.5 | −0.044% | $16.7M | $21.6M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,198.4 | −0.010% | $36.4M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 85,225 | +0.021% | $338K | $26.8M | 52x | as long as short |
Perpl BTC
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
01 Exchange BTCUSD
Aster BTCUSDT
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado BTC-PERP | +0.0028% | 1h | 85,134.6 | −0.085% | $24.7M | $222.7M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0056% | 1h | 85,168.3 | −0.045% | $187.0M | $955.3M | 100x | as long as short |
| BingX BTC-USDC | +0.0066% | 8h | 85,106.5 | −0.118% | — | $17.3M | — | as long as short |
| Phemex BTCUSDT | +0.0077% | 8h | 85,156 | −0.060% | $148.4M | $504.8M | 150x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,171.6 | −0.042% | $2.4M | $6.7M | 20x | as long as short |
| Bitget BTCUSDTshort | +0.0084% | 8h | 85,109.9 | −0.114% | $2.95B | $5.15B | 150x | |
| MEXC BTC_USDT | +0.0085% | 8h | 85,113.3 | −0.110% | $5.06B | $5.71B | 500x | as long as short |
| Binance BTCUSDT | +0.0085% | 8h | 85,119.1 | −0.103% | $9.40B | $24.81B | 150x | as long as short |
| Deribit BTC-PERPETUAL | +0.0087% | 1h | 85,207.2 | 0.000% | $870.9M | $1.61B | 50x | as long as short |
| Bullet BTC-USD | +0.0091% | 1h | 85,111.3 | −0.112% | $206K | $3.3M | 20x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,136.8 | −0.082% | $170.7M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,141.1 | −0.077% | $23.7M | $148.4M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,121 | −0.101% | $8.3M | $55.7M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0096% | 1h | 85,187.9 | −0.022% | $116.8M | $5.35B | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,102 | −0.123% | $239K | $8.6M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,190.2 | −0.020% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,192 | −0.018% | $3.74B | $5.08B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,160.3 | −0.055% | $40.1M | $599.0M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,113.4 | −0.110% | $5.15B | $9.93B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,117.1 | −0.106% | $2.58B | $12.15B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,114 | −0.109% | $3.8M | $17.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,130.3 | −0.090% | $4.6M | $99.2M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,183.8 | −0.027% | $678.4M | $603.6M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,127.9 | −0.093% | $5.49B | $10.93B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,144.1 | −0.074% | $35.9M | $174.8M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,111.9 | −0.112% | $154.3M | $569.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,133.5 | −0.086% | $278.8M | $944.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,139 | −0.080% | $214.0M | $168.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,125.3 | −0.096% | $139.1M | $315.2M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,156.3 | −0.060% | $30.0M | $205.4M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,199.2 | −0.009% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,111 | −0.113% | $11.0M | $14.4M | 50x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,178.4 | −0.034% | $2.5M | $9.3M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,215.9 | +0.010% | $217K | $749K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,155.7 | −0.060% | $29.9M | $49.7M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,181.9 | −0.029% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,157 | −0.059% | $59.6M | $335.8M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,187.2 | −0.023% | $2.25B | $946.1M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,102.8 | −0.122% | $45.3M | $238.5M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,202.2 | −0.006% | — | $106.8M | 500x | as long as short |
| Reya BTCRUSDPERP | +0.0114% | 1h | 85,109.7 | −0.114% | $6.6M | $147.4M | 40x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,189.4 | −0.021% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERPlong | +0.0180% | 8h | 85,207 | long leg | $11.3M | $744.5M | 6.4x | |
| Aftermath Perps BTCUSD | +0.0220% | 1h | 85,209.3 | +0.003% | $78K | $226K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0224% | 1h | 85,228.8 | +0.026% | $717K | $8.0M | 30x | as long as short |
| RISEx BTC/USDC | +0.0257% | 1h | 85,149.7 | −0.067% | $8.7M | $43.1M | 25x | as long as short |
Nado BTC-PERP
Kraken Futures PF_XBTUSD
BingX BTC-USDC
Phemex BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Deribit BTC-PERPETUAL
Bullet BTC-USD
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Coinbase International BTC-PERP-INTX
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
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
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Reya BTCRUSDPERP
GMX BTC/USD [WBTC.b-USDC]
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
RISEx BTC/USDC