Funding you earn now, next payment 08:00 UTC−0.0072%/8h= −7.8% APRpaid last 24h +0.007%
Price spread now: StandX against Kalshi−0.023%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$210.212% of the position
Funding, last 7 days+0.021%+$2 on $10k
+Price spread, last 7 days+0.001%$0 · spread now −0.023%, 7d avg 0.000%
=Together, before fees+0.022%+ Points / potential airdropStandX: Active · farm board+$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and StandX is 0.023% cheaper against Kalshi than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of 0.000%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXBTCPERP | 85,369 | 0.0172 | pay 0.0172% / 8h | 4h 57m | $12.0M | $738.5M | 6.4x |
| Short | StandX BTC-USD | 85,349 | 0.0100 | get 0.0013% / 1h | 57m 39s | $30.1M | $207.9M | 40x |
Kalshi KXBTCPERP
StandX BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
StandX 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
- −$15.05
- Price spread: −0.023% → 0.000%
- −$2.3
- Slippage, 4 orders
- −$3.16
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee StandX: 4 bp × 2 orders
- −$8
- Net
- −$38.51
- Costs to cover
- 0.212%
- Break-even
- never at this rate
Slippage from Kalshi: live order book, 2 min ago; StandX: 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 | 0.06 bp | 5.2 bp −$5 | 5.8 bp −$58 | 7.2 bp −$718 | 11.7 bp −$5,859 |
| Sell StandX live order book, 2 min ago | 0.64 bp | 5.6 bp −$6 | 6.8 bp −$68 | 7.7 bp −$769 | 9.6 bp −$4,819 |
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 | +0.054% | $2.3M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,343 | −0.030% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0031% | 8h | 85,337.6 | −0.037% | $928.3M | $773.2M | 125x | as long as short |
| BloFin BTC-USDT | −0.0024% | 8h | 85,354.8 | −0.017% | $421.0M | $680.8M | 150x | as long as short |
| Aster BTCUSDT | −0.0005% | 8h | 85,328.1 | −0.048% | $512.2M | $1.09B | 200x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,384.6 | +0.018% | $16.7M | $21.0M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,370.4 | +0.002% | $491K | $18.3M | 6.7x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 85,369.6 | +0.001% | $847.5M | $1.65B | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,359.2 | −0.011% | $36.5M | — | 200x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0026% | 1h | 85,354.8 | −0.017% | $185.6M | $951.5M | 100x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
dYdX BTC-USD
Perpl BTC
Deribit BTC-PERPETUAL
gTrade (Gains Network) BTC/USD
Kraken Futures PF_XBTUSDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange BTCUSD | +0.0032% | 1h | 85,349.5 | −0.023% | $353K | $2.3M | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0067% | 1h | 85,367 | −0.002% | $338K | $24.6M | 52x | as long as short |
| BingX BTC-USDT | +0.0073% | 8h | 85,333 | −0.042% | — | $1.57B | — | as long as short |
| Bybit BTCUSDT | +0.0089% | 8h | 85,327.5 | −0.049% | $5.13B | $9.97B | 150x | as long as short |
| Nado BTC-PERP | +0.0090% | 1h | 85,347.9 | −0.025% | $24.1M | $219.6M | 50x | as long as short |
| Bitget BTCUSDT | +0.0091% | 8h | 85,328.8 | −0.047% | $2.96B | $5.16B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,342.7 | −0.031% | $169.6M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,340.9 | −0.033% | $23.5M | $147.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,334 | −0.041% | $8.4M | $57.2M | 100x | as long as short |
| MEXC BTC_USDT | +0.0096% | 8h | 85,336.4 | −0.038% | $5.03B | $5.70B | 500x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,340.3 | −0.034% | $2.4M | $6.7M | 20x | as long as short |
| Binance BTCUSDT | +0.0096% | 8h | 85,334.1 | −0.041% | $9.41B | $24.87B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,315 | −0.063% | $244K | $8.6M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,383.2 | +0.017% | $5.8M | $9.5M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,410 | +0.048% | $3.74B | $5.06B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,368.5 | −0.001% | $39.9M | $605.4M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,333.2 | −0.042% | $2.60B | $12.18B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,328 | −0.048% | $3.8M | $17.1M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,343.1 | −0.030% | $5.1M | $96.0M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,324.1 | −0.053% | $690.8M | $302.3M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,340 | −0.034% | $5.54B | $10.97B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,337.4 | −0.037% | $37.3M | $183.7M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,299.4 | −0.082% | $156.2M | $556.9M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,335.1 | −0.040% | $279.6M | $951.2M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,342.1 | −0.032% | $214.2M | $158.7M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,333.7 | −0.041% | $139.5M | $313.1M | 100x | as long as short |
| StandX BTC-USDshort | +0.0100% | 1h | 85,349 | −0.023% | $30.1M | $207.9M | 40x | |
| Vest BTC-PERP | +0.0100% | 1h | 85,405.9 | +0.043% | — | $9.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,348 | −0.025% | $11.0M | $14.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,350.1 | −0.022% | $199K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,345.3 | −0.028% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,379.1 | +0.012% | $194K | $795K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,318.2 | −0.059% | $30.0M | $46.2M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,345.4 | −0.028% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,345 | −0.028% | $59.7M | $336.6M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,342.4 | −0.031% | $2.26B | $963.2M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,354.4 | −0.017% | $157.5M | $512.5M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,307.1 | −0.073% | $45.2M | $240.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,353.9 | −0.018% | — | $104.3M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,368.9 | 0.000% | $113.3M | $5.47B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0135% | 1h | 85,337.7 | −0.037% | $6.6M | $147.2M | 40x | as long as short |
| Kalshi KXBTCPERPlong | +0.0172% | 8h | 85,369 | long leg | $12.0M | $738.5M | 6.4x | |
| RISEx BTC/USDC | +0.0174% | 1h | 85,372.8 | +0.004% | $8.8M | $42.7M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0175% / S −0.0147% | 1h | 85,356.9 | −0.014% | $13.0M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0200% | 1h | 85,384.9 | +0.019% | $684K | $7.8M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0285% | 1h | 85,393 | +0.028% | $79K | $247K | 20x | as long as short |
01 Exchange BTCUSD
Injective BTC/USDC PERP
BingX BTC-USDT
Bybit BTCUSDT
Nado BTC-PERP
Bitget BTCUSDT
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
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
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
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD