BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0011%/8h= −1.3% APRnext payment −$0.01 per $10,000 · paid last 24h −0.004%

Price spread now: Kraken Futures against StandX−0.003%46s7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$210.210% of the position

Long on StandX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now −0.003%, 7d avg +0.026%

Together, before fees+0.018%+ Points / potential airdropStandX: Active · farm board+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Kraken Futures is 0.030% cheaper against StandX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.026%). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX BTC-USD	85,486.8	0.0100	pay 0.0013% / 1h	23m 19s	$30.1M	$204.4M	40x
Short	Kraken Futures PF_XBTUSD	85,483.9	0.0089	get 0.0011% / 1h	23m 19s	$186.3M	$960.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against StandX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee StandXbpFee Kraken FuturesbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$2.4
Price spread: −0.003% → +0.026%: −$2.99
Slippage, 4 orders: −$2.97
Fee StandX: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$26.35
Costs to cover: 0.210%
Break-even: never at this rate

Slippage from StandX: live order book, 1 min ago; Kraken Futures: 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 StandX live order book, 1 min ago	0.82 bp	5.5 bp −$5	6.9 bp −$69	8.2 bp −$818	9.8 bp −$4,908
Sell Kraken Futures live order book, 6 min ago	0.06 bp	5.1 bp −$5	5.5 bp −$55	6.5 bp −$647	8.7 bp −$4,347

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	85,446	−0.048%	$2.1M	$10.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,459	−0.033%	$8K	$3K	50x	as long as short
KuCoin XBTUSDTM	−0.0043%	8h	85,442	−0.052%	$928.4M	$773.3M	125x	as long as short
BloFin BTC-USDT	−0.0027%	8h	85,477	−0.012%	$421.1M	$684.6M	150x	as long as short
Aster BTCUSDT	−0.0009%	8h	85,447.2	−0.046%	$513.3M	$1.09B	200x	as long as short
01 Exchange BTCUSD	0.0000%	1h	85,452.1	−0.041%	$353K	$2.4M	50x	as long as short
Perpl BTC	0.0000%	43m	85,463.8	−0.027%	$491K	$18.5M	6.7x	as long as short
dYdX BTC-USD	+0.0001%	1h	85,472.4	−0.017%	$16.8M	$21.2M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,477	−0.012%	$36.6M	—	200x	as long as short
Nado BTC-PERP	+0.0039%	1h	85,469.6	−0.020%	$24.4M	$222.6M	50x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BTC/USDC PERP	+0.0057%	1h	85,247	−0.281%	$338K	$26.8M	52x	as long as short
BingX BTC-USDT	+0.0071%	8h	85,463.7	−0.027%	—	$1.57B	—	as long as short
Kraken Futures PF_XBTUSDshort	+0.0089%	1h	85,483.9	−0.003%	$186.3M	$960.7M	100x
Bitget BTCUSDT	+0.0090%	8h	85,472.4	−0.017%	$2.97B	$5.17B	150x	as long as short
MEXC BTC_USDT	+0.0093%	8h	85,448.3	−0.045%	$5.02B	$5.76B	500x	as long as short
Binance BTCUSDT	+0.0093%	8h	85,458	−0.034%	$9.43B	$25.00B	150x	as long as short
Lighter BTC	+0.0096%	1h	85,468.4	−0.022%	$170.2M	$1.03B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,471.4	−0.018%	$23.5M	$148.3M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,439	−0.056%	$8.4M	$56.5M	100x	as long as short
Aevo BTC-PERP	+0.0096%	1h	85,463	−0.028%	$2.4M	$6.7M	20x	as long as short
Bybit BTCUSDT	+0.0099%	8h	85,461.5	−0.030%	$5.15B	$9.99B	150x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,422	−0.076%	$242K	$8.7M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,504.2	+0.020%	$5.8M	$9.6M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,525	+0.045%	$3.75B	$5.07B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,483.7	−0.004%	$40.0M	$602.6M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,474.3	−0.015%	$2.60B	$12.27B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,444	−0.050%	$3.8M	$17.1M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,435.9	−0.060%	$5.2M	$98.2M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,468.7	−0.021%	$5.55B	$11.04B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,465.2	−0.025%	$37.1M	$178.2M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,436.8	−0.059%	$154.6M	$558.5M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,386.4	−0.117%	$279.8M	$950.4M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,423.4	−0.074%	$214.5M	$163.9M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	85,436.7	−0.059%	$139.7M	$313.7M	100x	as long as short
StandX BTC-USDlong	+0.0100%	1h	85,486.8	long leg	$30.1M	$204.4M	40x
Vest BTC-PERP	+0.0100%	1h	85,513	+0.031%	—	$10.9M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,454	−0.038%	$11.0M	$14.6M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,461	−0.030%	$201K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,462.2	−0.029%	$2.6M	$9.8M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,508.9	+0.026%	$194K	$796K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,214.5	−0.319%	$29.9M	$47.0M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,450.7	−0.042%	$2.9M	$6.1M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,469	−0.021%	$59.8M	$336.8M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,449	−0.044%	$2.26B	$968.6M	200x	as long as short
Phemex BTCUSDT	+0.0100%	8h	85,473.4	−0.016%	$153.0M	$510.7M	150x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,269.9	−0.254%	$683.1M	$415.1M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	85,440.2	−0.055%	$44.9M	$240.7M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,481.7	−0.006%	—	$106.9M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	85,505.4	+0.022%	$115.2M	$5.49B	50x	as long as short
Reya BTCRUSDPERP	+0.0130%	1h	85,435.1	−0.061%	$6.6M	$147.7M	40x	as long as short
Deribit BTC-PERPETUAL	+0.0142%	1h	85,513.2	+0.031%	$861.9M	$1.64B	50x	as long as short
Kalshi KXBTCPERP	+0.0184%	8h	85,477	−0.012%	$11.8M	$741.4M	6.4x	as long as short
RISEx BTC/USDC	+0.0193%	1h	85,464.6	−0.026%	$8.8M	$42.8M	25x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0200% / S −0.0176%	1h	85,464.5	−0.026%	$13.1M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0224%	1h	85,481.8	−0.006%	$685K	$7.9M	30x	as long as short
Aftermath Perps BTCUSD	+0.0248%	1h	85,427.4	−0.070%	$79K	$230K	20x	as long as short