BTC

Alert

Funding spread now, next payment 15:00 UTC+0.0185%/8h

next payment, per $10,000+$0.23paid, last 24h−0.021%paid, last 3 days−0.017%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.017% in total (about -2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.23 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps BTCUSD	85,953.7	−0.0085	get 0.0011% / 1h	2m 48s	$87K	$149K	20x
Short	Derive BTC-PERP	85,928.4	0.0100	get 0.0013% / 1h	2m 48s	$29.9M	$57.4M	15x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Aftermath PerpsbpFee DerivebpOrdersRate

Funding earned: $38.77
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Derive: 3 bp × 2 orders: −$6
Net: $23.77
Break-even: 2.7 days

Slippage unknown: Aftermath Perps: live order book, 38 min ago; Derive: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.029%
Avg gap 7d: −0.028%

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 Aftermath Perps live order book, 38 min ago	1.08 bp	10.6 bp −$11	16.5 bp −$165	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Perpl BTC	−0.0223%	43m	$433K	$30.5M	6.7x	as long as short
01 Exchange BTCUSD	−0.0112%	1h	$280K	$2.3M	50x	as long as short
edgeX BTCUSDC	−0.0109%	4h	$282.8M	$837.9M	100x	as long as short
Aftermath Perps BTCUSDlong	−0.0085%	1h	$87K	$149K	20x
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$3K	50x	as long as short
Reya BTCRUSDPERP	−0.0026%	1h	$6.7M	$137.5M	40x	as long as short
Phemex BTCUSDT	−0.0024%	8h	$157.6M	$388.4M	150x	as long as short
BingX BTC-USDC	−0.0010%	8h	—	$14.6M	—	as long as short
Gate BTC_USDT	−0.0009%	8h	$6.11B	$9.11B	200x	as long as short
Bitget BTCUSDT	−0.0009%	8h	$2.95B	$4.52B	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
dYdX BTC-USD	−0.0008%	1h	$16.8M	$16.3M	50x	as long as short
Bluefin BTC-PERP	0.0000%	1h	$144K	$403K	40x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	$36.8M	—	200x	as long as short
SoDEX BTC-USD	+0.0007%	1h	$61.2M	$259.1M	40x	as long as short
Phoenix BTC	+0.0015%	1h	$1.6M	$10.8M	40x	as long as short
ApeX Omni BTCUSDT	+0.0018%	1h	$139.0M	$317.6M	100x	as long as short
OKX BTC-USDT-SWAP	+0.0036%	8h	$2.60B	$11.25B	100x	as long as short
Kraken Futures PF_XBTUSD	+0.0042%	1h	$184.8M	$791.8M	100x	as long as short
Aster BTCUSDT	+0.0045%	8h	$489.0M	$1.09B	200x	as long as short
HTX BTC-USDT	+0.0049%	8h	$2.30B	$809.2M	200x	as long as short
KuCoin XBTUSDTM	+0.0053%	8h	$789.1M	$605.6M	125x	as long as short
Hibachi BTC/USDT-P	+0.0064%	1h	$626K	$7.2M	30x	as long as short
Bullet BTC-USD	+0.0077%	1h	$244K	$3.3M	20x	as long as short
Paradex BTC-USD-PERP	+0.0079%	8h	$4.4M	$6.5M	50x	as long as short
Popdex BTCUSDT	+0.0080%	1h	$8.6M	$43.3M	100x	as long as short
Aevo BTC-PERP	+0.0080%	1h	$2.4M	$1.6M	20x	as long as short
Binance BTCUSDT	+0.0082%	8h	$9.59B	$20.79B	150x	as long as short
MEXC BTC_USDT	+0.0082%	8h	$5.00B	$4.96B	500x	as long as short
Nado BTC-PERP	+0.0093%	1h	$23.7M	$229.8M	50x	as long as short
Lighter BTC	+0.0096%	1h	$180.2M	$903.7M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$25.2M	$138.5M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$184K	$5.3M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.5M	$331.3M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	$5.15B	$8.25B	150x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$3.9M	$16.0M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	$5.3M	$81.3M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	$540.9M	$69.9M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$39.9M	$102.3M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	$172.9M	$488.6M	—	as long as short
StandX BTC-USD	+0.0100%	1h	$30.8M	$241.2M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	—	$13.3M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	$10.9M	$11.2M	50x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.4M	$7.1M	100x	as long as short
Derive BTC-PERPshort	+0.0100%	1h	$29.9M	$57.4M	15x
SunX BTC-USDT	+0.0100%	8h	$3.3M	$5.6M	100x	as long as short
Kalshi KXBTCPERP	+0.0100%	8h	$9.6M	$540.1M	6.4x	as long as short
Extended BTC-USD	+0.0104%	1h	$48.2M	$206.2M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$89.0M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	$148.9M	$6.26B	50x	as long as short
Hyperliquid BTC	+0.0158%	1h	$3.89B	$4.25B	40x	as long as short
RISEx BTC/USDC	+0.0178%	1h	$8.8M	$38.2M	25x	as long as short
Injective BTC/USDC PERP	+0.0180%	1h	$304K	$27.0M	52x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0198% / S −0.0177%	1h	$12.5M	—	200x	as long as short
BloFin BTC-USDT	+0.0202%	8h	$425.0M	$510.1M	150x	as long as short
Deribit BTC-PERPETUAL	+0.0336%	1h	$870.9M	$1.01B	50x	as long as short