Funding you earn now, next payment 00:00 UTC+0.0109%/8h= +11.9% APRpaid last 24h −0.018%
Price spread now: Kalshi against StandX+0.010%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$210.212% of the position
Funding, last 7 days−0.042%−$4 on $10k
+Price spread, last 7 days+0.028%+$3 · spread now +0.010%, 7d avg +0.001%
=Together, before fees−0.014%+ Points / potential airdropStandX: Active · farm board−$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | StandX BTC-USD | 86,574 | 0.0100 | pay 0.0013% / 1h | 39m 44s | $30.7M | $204.8M | 40x |
| Short | Kalshi KXBTCPERP | 86,583 | 0.0209 | get 0.0209% / 8h | 4h 39m | $9.6M | $743.9M | 6.4x |
StandX BTC-USD
Kalshi KXBTCPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against StandX. 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
- $22.89
- Price spread: +0.010% → +0.001%
- $0.97
- Slippage, 4 orders
- −$3.19
- Fee StandX: 4 bp × 2 orders
- −$8
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- $2.66
- Costs to cover
- 0.212%
- Break-even
- 6.2 days
Slippage from StandX: live order book, 4 min ago; Kalshi: 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 StandX live order book, 4 min ago | 0.98 bp | 5.2 bp −$5 | 7.1 bp −$71 | 8.5 bp −$846 | 9.5 bp −$4,757 |
| Sell Kalshi live order book, 4 min ago | 0.12 bp | 5.2 bp −$5 | 6.6 bp −$66 | 7.5 bp −$751 | 11.9 bp −$5,957 |
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 | −0.0118% | 1h | 86,598 | +0.028% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,553 | −0.024% | $9K | $3K | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0035% | 1h | 86,568 | −0.007% | $333K | $26.8M | 52x | as long as short |
| RISEx BTC/USDC | −0.0024% | 1h | 86,562.6 | −0.013% | $8.3M | $42.9M | 25x | as long as short |
| 01 Exchange BTCUSD | −0.0024% | 1h | 86,560.2 | −0.016% | $360K | $2.5M | 50x | as long as short |
| Aster BTCUSDT | 0.0000% | 8h | 86,543.1 | −0.036% | $502.0M | $1.15B | 200x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,577.2 | +0.004% | $916.5M | $1.49B | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,566.2 | −0.009% | $36.9M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0013% | 8h | 86,540.7 | −0.038% | $850.6M | $715.1M | 125x | as long as short |
| dYdX BTC-USD | +0.0027% | 1h | 86,584.4 | +0.012% | $17.0M | $21.1M | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
Injective BTC/USDC PERP
RISEx BTC/USDC
01 Exchange BTCUSD
Aster BTCUSDT
Deribit BTC-PERPETUAL
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
dYdX BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0027% | 1h | 86,542.8 | −0.036% | $6.7M | $145.4M | 40x | as long as short |
| BingX BTC-USDC | +0.0042% | 8h | 86,528.1 | −0.053% | — | $15.4M | — | as long as short |
| Phemex BTCUSDT | +0.0044% | 8h | 86,548.8 | −0.029% | $150.5M | $479.2M | 150x | as long as short |
| Bitget BTCUSDT | +0.0052% | 8h | 86,542.5 | −0.036% | $2.96B | $5.12B | 150x | as long as short |
| Binance BTCUSDT | +0.0072% | 8h | 86,544.6 | −0.034% | $9.43B | $24.57B | 150x | as long as short |
| MEXC BTC_USDT | +0.0072% | 8h | 86,543.3 | −0.035% | $5.15B | $5.65B | 500x | as long as short |
| Aevo BTC-PERP | +0.0072% | 1h | 86,538.5 | −0.041% | $2.4M | $1.3M | 20x | as long as short |
| Gate BTC_USDT | +0.0082% | 8h | 86,549.3 | −0.028% | $5.88B | $10.75B | 200x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,556.4 | −0.020% | $170.5M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,560.9 | −0.015% | $24.0M | $151.9M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,551 | −0.027% | $8.5M | $52.6M | 100x | as long as short |
| SoDEX BTC-USD | +0.0097% | 1h | 86,543 | −0.036% | $60.5M | $337.7M | 40x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 86,537 | −0.043% | $5.26B | $9.82B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,526 | −0.055% | $200K | $7.0M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,593.7 | +0.023% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,574.9 | +0.001% | $21.9M | $234.8M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,623 | +0.057% | $3.80B | $5.10B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,598.7 | +0.029% | $40.8M | $524.0M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,540.1 | −0.039% | $2.55B | $12.75B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,564 | −0.012% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,591.6 | +0.020% | $7.6M | $95.1M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,538.4 | −0.041% | $38.4M | $155.1M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,585.8 | +0.014% | $157.4M | $570.0M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,643 | +0.080% | $279.9M | $948.2M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,607.5 | +0.039% | $217.5M | $171.6M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,662 | +0.102% | $141.6M | $323.3M | 100x | as long as short |
| StandX BTC-USDlong | +0.0100% | 1h | 86,574 | long leg | $30.7M | $204.8M | 40x | |
| Vest BTC-PERP | +0.0100% | 1h | 86,605.6 | +0.037% | — | $11.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,551 | −0.027% | $11.1M | $13.8M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,547 | −0.031% | $191K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,548.7 | −0.029% | $2.4M | $9.0M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,577.1 | +0.004% | $140K | $663K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,574.6 | +0.001% | $30.6M | $62.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,556.7 | −0.020% | $3.4M | $5.4M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,531.6 | −0.049% | $2.30B | $970.9M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,562.5 | −0.013% | $572.7M | $17.7M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,523 | −0.059% | $45.5M | $227.2M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,617.3 | +0.050% | — | $98.9M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0110% | 1h | 86,569.3 | −0.005% | $193.5M | $951.6M | 100x | as long as short |
| Perpl BTC | +0.0112% | 43m | 86,584.2 | +0.012% | $417K | $23.2M | 6.7x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,584.6 | +0.012% | $132.6M | $5.68B | 50x | as long as short |
| Aftermath Perps BTCUSD | +0.0123% | 1h | 86,601.4 | +0.032% | $79K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0184% | 1h | 86,625.4 | +0.059% | $728K | $8.1M | 30x | as long as short |
| BloFin BTC-USDT | +0.0193% | 8h | 86,593.5 | +0.023% | $413.9M | $658.9M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0193% / S −0.0215% | 1h | 86,561 | −0.015% | $15.0M | — | 200x | as long as short |
| Kalshi KXBTCPERPshort | +0.0209% | 8h | 86,583 | +0.010% | $9.6M | $743.9M | 6.4x |
Reya BTCRUSDPERP
BingX BTC-USDC
Phemex BTCUSDT
Bitget BTCUSDT
Binance BTCUSDT
MEXC BTC_USDT
Aevo BTC-PERP
Gate BTC_USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
SoDEX BTC-USD
Bybit BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
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
HTX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Perpl BTC
Coinbase International BTC-PERP-INTX
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]