Funding you earn now, next payment 12:00 UTC−0.0090%/8h= −9.8% APRnext payment −$0.90 per $10,000 · paid last 24h −0.006%
Price spread now: Gate against Kalshi+0.031%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$260.260% of the position
Funding, last 7 days−0.052%−$5 on $10k
+Price spread, last 7 days−0.053%−$5 · spread now +0.031%, 7d avg +0.001%
=The price spread pays, funding is against you. Gate is 0.029% dearer against Kalshi than usual: you sell high and buy low (spread +0.031% now, against its 7-day average of +0.001%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 7 days (−0.052% in total) that is about 3.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXBTCPERP | 85,767 | 0.0190 | pay 0.0190% / 8h | 3h 21m | $10.8M | $734.3M | 6.4x |
| Short | Gate BTC_USDT | 85,793.4 | 0.0100 | get 0.0100% / 8h | 7h 21m | $5.51B | $9.99B | 200x |
Kalshi KXBTCPERP
Gate BTC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$18.85
- Price spread: +0.031% → +0.001%
- $2.94
- Slippage, 4 orders
- −$1
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$41.91
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage from Kalshi: live order book, 2 min ago; Gate: live order book, 2 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, 2 min ago | 0.12 bp | 5.3 bp −$5 | 7.1 bp −$71 | 8.5 bp −$851 | 14.3 bp −$7,141 |
| Sell Gate live order book, 2 min ago | 0.01 bp | 7.5 bp −$8 | 7.5 bp −$75 | 7.8 bp −$775 | 10.2 bp −$5,117 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.0784% | 1h | 85,854.9 | +0.102% | $195K | $785K | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,694 | −0.085% | $8K | $2K | 50x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,706.9 | −0.070% | $425.8M | $654.2M | 150x | as long as short |
| Injective BTC/USDC PERP | −0.0006% | 1h | 85,652 | −0.134% | $307K | $26.2M | 52x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,741.1 | −0.030% | $355K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,818 | +0.059% | $36.7M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0022% | 8h | 85,790.7 | +0.028% | $943.8M | $755.2M | 125x | as long as short |
| Aster BTCUSDT | +0.0039% | 8h | 85,814 | +0.055% | $504.8M | $1.06B | 200x | as long as short |
| dYdX BTC-USD | +0.0051% | 1h | 85,738.3 | −0.034% | $16.8M | $20.7M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0068% | 1h | 85,805 | +0.044% | $186.5M | $911.9M | 100x | as long as short |
Bluefin BTC-PERP
Hotstuff BTC-PERP
BloFin BTC-USDT
Injective BTC/USDC PERP
01 Exchange BTCUSD
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
Aster BTCUSDT
dYdX BTC-USD
Kraken Futures PF_XBTUSDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | +0.0075% | 1h | 85,520 | −0.288% | $2.3M | $10.4M | 40x | as long as short |
| BingX BTC-USDT | +0.0080% | 8h | 85,777.4 | +0.012% | — | $1.53B | — | as long as short |
| Nado BTC-PERP | +0.0083% | 1h | 85,738.8 | −0.033% | $24.4M | $213.6M | 50x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,787.9 | +0.024% | $172.1M | $952.7M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,792.1 | +0.029% | $23.3M | $136.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,742 | −0.029% | $8.7M | $56.0M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,785.2 | +0.021% | $2.4M | $6.7M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,726 | −0.048% | $266K | $8.6M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,791.2 | +0.028% | $5.8M | $9.3M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,783.5 | +0.019% | $40.4M | $602.4M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,825.5 | +0.068% | $9.43B | $24.40B | 150x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,777.1 | +0.012% | $5.09B | $9.69B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,777.6 | +0.012% | $2.62B | $11.65B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,726 | −0.048% | $3.9M | $17.1M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,755.2 | −0.014% | $5.0M | $96.4M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,303.3 | −0.541% | $702.0M | $164.8M | 40x | as long as short |
| Gate BTC_USDTshort | +0.0100% | 8h | 85,793.4 | +0.031% | $5.51B | $9.99B | 200x | |
| MEXC BTC_USDT | +0.0100% | 8h | 85,785.7 | +0.022% | $5.07B | $5.79B | 500x | as long as short |
| Bitget BTCUSDT | +0.0100% | 8h | 85,795.9 | +0.034% | $2.99B | $4.92B | 150x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,801.4 | +0.040% | $37.8M | $191.9M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,352.3 | −0.484% | $155.8M | $535.0M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,427 | −0.396% | $285.6M | $964.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,464 | −0.353% | $214.5M | $157.0M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,415 | −0.410% | $136.6M | $312.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,531.9 | −0.274% | $30.2M | $217.2M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,818.3 | +0.060% | — | $9.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,775 | +0.009% | $10.9M | $14.2M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,808.4 | +0.048% | $210K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,812.3 | +0.053% | $2.6M | $9.8M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,444.6 | −0.376% | $28.8M | $52.4M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,792.7 | +0.030% | $3.1M | $7.0M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,788 | +0.024% | $60.0M | $311.8M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,777 | +0.012% | $2.27B | $948.2M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,787.8 | +0.024% | $165.6M | $509.2M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,768.6 | +0.002% | $45.7M | $236.7M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,755.5 | −0.013% | — | $103.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,833 | +0.077% | $112.1M | $5.40B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0151% | 1h | 85,769.4 | +0.003% | $6.6M | $135.8M | 40x | as long as short |
| Hyperliquid BTC | +0.0156% | 1h | 85,888 | +0.141% | $3.86B | $4.74B | 40x | as long as short |
| Kalshi KXBTCPERPlong | +0.0190% | 8h | 85,767 | long leg | $10.8M | $734.3M | 6.4x | |
| RISEx BTC/USDC | +0.0194% | 1h | 85,776.3 | +0.011% | $9.0M | $41.7M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0198% / S −0.0175% | 1h | 85,718.7 | −0.056% | $12.9M | — | 200x | as long as short |
| Deribit BTC-PERPETUAL | +0.0218% | 1h | 85,833.8 | +0.078% | $833.2M | $1.64B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0344% | 1h | 85,721.6 | −0.053% | $694K | $7.5M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0348% | 1h | 85,560.4 | −0.241% | $81K | $259K | 20x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,792.3 | +0.029% | $459K | $17.3M | 6.7x | as long as short |
Phoenix BTC
BingX BTC-USDT
Nado BTC-PERP
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Pacifica BTC
Binance BTCUSDT
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
MEXC BTC_USDT
Bitget BTCUSDT
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
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
Hyperliquid BTC
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Deribit BTC-PERPETUAL
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
Perpl BTC