BTC

Alert

Funding spread now, next payment 19:00 UTC+0.0072%/8h

next payment, per $10,000+$0.09paid, last 24h+0.008%paid, last 7 days+0.035%to open and close $10k−$21

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo BTC-PERP	85,814.6	0.0024	pay 0.0003% / 1h	22m 15s	$2.4M	$1.3M	20x
Short	Lighter BTC	85,882.1	0.0096	get 0.0012% / 1h	22m 15s	$171.9M	$951.8M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee AevobpFee LighterbpOrdersRate

Funding earned: $15.12
Slippage, 4 orders: −$5.13
Fee Aevo: 8 bp × 2 orders: −$16
Fee Lighter: 0 bp × 2 orders: $0
Net: −$6.01
Break-even: 9.8 days

Slippage from Aevo: live order book, 3 min ago; Lighter: live order book, 8 min ago.

Price risk

price view

Price gap now: +0.079%
Avg gap 7d: +0.034%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Aevo live order book, 3 min ago	0.69 bp	10.0 bp −$10	11.8 bp −$118	14.7 bp −$1,470	doesn't fit
Sell Lighter live order book, 8 min ago	0.02 bp	0.8 bp −$1	1.3 bp −$13	2.3 bp −$233	5.1 bp −$2,539

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Perpl BTC	−0.0447%	43m	$407K	$26.0M	6.7x	as long as short
Arcus BTC-USD	−0.0299%	1h	$6.7M	$86.3M	40x	as long as short
BloFin BTC-USDT	−0.0093%	8h	$425.1M	$567.7M	150x	as long as short
Phoenix BTC	−0.0082%	1h	$2.0M	$11.0M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$4K	50x	as long as short
01 Exchange BTCUSD	−0.0048%	1h	$311K	$2.3M	50x	as long as short
Kraken Futures PF_XBTUSD	−0.0019%	1h	$188.7M	$818.7M	100x	as long as short
SoDEX BTC-USD	−0.0019%	1h	$60.8M	$285.6M	40x	as long as short
Reya BTCRUSDPERP	−0.0016%	1h	$6.8M	$138.4M	40x	as long as short
KuCoin XBTUSDTM	−0.0009%	8h	$806.3M	$620.9M	125x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective BTC/USDC PERP	−0.0006%	1h	$309K	$27.0M	52x	as long as short
dYdX BTC-USD	−0.0004%	1h	$17.2M	$17.7M	50x	as long as short
Kalshi KXBTCPERP	0.0000%	8h	$11.8M	$657.2M	6.4x	as long as short
Aftermath Perps BTCUSD	+0.0001%	1h	$87K	$157K	20x	as long as short
Bitget BTCUSDT	+0.0002%	8h	$2.96B	$4.68B	150x	as long as short
BingX BTC-USDT	+0.0002%	8h	—	$1.37B	—	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	$36.7M	—	200x	as long as short
Bulk BTC-USD	+0.0005%	1h	$563.1M	$124.9M	40x	as long as short
Aster BTCUSDT	+0.0014%	8h	$506.0M	$1.10B	200x	as long as short
Phemex BTCUSDT	+0.0017%	8h	$152.3M	$425.0M	150x	as long as short
Aevo BTC-PERPlong	+0.0024%	1h	$2.4M	$1.3M	20x
MEXC BTC_USDT	+0.0027%	8h	$5.16B	$5.13B	500x	as long as short
Binance BTCUSDT	+0.0027%	8h	$9.51B	$22.14B	150x	as long as short
RISEx BTC/USDC	+0.0031%	1h	$9.1M	$38.7M	25x	as long as short
OKX BTC-USDT-SWAP	+0.0031%	8h	$2.67B	$11.58B	100x	as long as short
ApeX Omni BTCUSDT	+0.0035%	1h	$139.8M	$320.5M	100x	as long as short
HTX BTC-USDT	+0.0036%	8h	$2.29B	$851.0M	200x	as long as short
Gate BTC_USDT	+0.0037%	8h	$6.06B	$9.65B	200x	as long as short
Popdex BTCUSDT	+0.0040%	1h	$8.5M	$46.3M	100x	as long as short
Bybit BTCUSDT	+0.0042%	8h	$5.28B	$8.67B	150x	as long as short
Hibachi BTC/USDT-P	+0.0072%	1h	$752K	$6.5M	30x	as long as short
Variational Omni BTC	+0.0074%	8h	$170.1M	$506.3M	—	as long as short
Orderly PERP_BTC_USDC	+0.0094%	8h	$2.4M	$7.4M	100x	as long as short
Lighter BTCshort	+0.0096%	1h	$171.9M	$951.8M	50x
Lighter RH BTC	+0.0096%	1h	$24.5M	$138.6M	50x	as long as short
Extended BTC-USD	+0.0096%	1h	$48.6M	$200.6M	50x	as long as short
Paradex BTC-USD-PERP	+0.0099%	8h	$4.4M	$6.9M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$193K	$5.9M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.1M	$227.1M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.9M	$418.4M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$4.0M	$17.3M	25x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$37.4M	$135.0M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	$280.7M	$882.0M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	$30.7M	$212.4M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	—	$11.5M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	$10.9M	$12.4M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	$230K	$3.3M	20x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	$144K	$411K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	$30.4M	$58.9M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.4M	$5.7M	100x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$83.3M	500x	as long as short
Deribit BTC-PERPETUAL	+0.0143%	1h	$917.2M	$1.12B	50x	as long as short
Hyperliquid BTC	+0.0150%	1h	$3.96B	$4.50B	40x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0175% / S −0.0177%	1h	$13.7M	—	200x	as long as short
Coinbase International BTC-PERP-INTX	+0.0200%	1h	$129.6M	$5.83B	50x	as long as short