BTC

Alert

Funding spread now, next payment 13:00 UTC+0.0329%/8h

next payment, per $10,000+$0.41paid, last 24h+0.002%paid, last 7 days−0.030%to open and close $10k−$21

Long on ApeX Omni Short on Coinbase International

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.030% in total (about -1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.41 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	ApeX Omni BTCUSDT	85,048.5	−0.0209	get 0.0026% / 1h	31m 58s	$137.1M	$313.9M	100x
Short	Coinbase International BTC-PERP-INTX	85,006.3	0.0120	get 0.0015% / 1h	31m 58s	$139.5M	$5.86B	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee Coinbase InternationalbpOrdersRate

Funding earned: $69.17
Slippage, 4 orders: −$0.68
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $48.48
Break-even: 2.1 days

Slippage from ApeX Omni: live order book, 4 min ago; Coinbase International: live order book, 4 min ago.

Price risk

price view

Price gap now: −0.050%
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 ApeX Omni live order book, 4 min ago	0.34 bp	5.3 bp −$5	5.3 bp −$53	7.7 bp −$768	38.8 bp −$19.4K
Sell Coinbase International live order book, 4 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	5.4 bp −$544	11.9 bp −$5,938

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	$31.8M	6.7x	as long as short
ApeX Omni BTCUSDTlong	−0.0209%	1h	$137.1M	$313.9M	100x
edgeX BTCUSDC	−0.0111%	4h	$283.1M	$734.9M	100x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$2K	50x	as long as short
Gate BTC_USDT	−0.0053%	8h	$6.02B	$7.82B	200x	as long as short
Reya BTCRUSDPERP	−0.0047%	1h	$6.7M	$129.0M	40x	as long as short
Injective BTC/USDC PERP	−0.0036%	1h	$322K	$27.0M	52x	as long as short
01 Exchange BTCUSD	−0.0032%	1h	$314K	$2.1M	50x	as long as short
Bitget BTCUSDT	−0.0015%	8h	$2.92B	$3.96B	150x	as long as short
BingX BTC-USDT	−0.0015%	8h	—	$1.17B	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aftermath Perps BTCUSD	−0.0005%	1h	$83K	$136K	20x	as long as short
HTX BTC-USDT	−0.0004%	8h	$2.28B	$727.5M	200x	as long as short
dYdX BTC-USD	0.0000%	1h	$16.1M	$13.4M	50x	as long as short
Kalshi KXBTCPERP	0.0000%	8h	$8.6M	$448.7M	6.4x	as long as short
SoDEX BTC-USD	+0.0002%	1h	$60.9M	$233.4M	40x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	$36.4M	—	200x	as long as short
Phemex BTCUSDT	+0.0039%	8h	$162.7M	$353.5M	150x	as long as short
Backpack BTC_USDC_PERP	+0.0044%	1h	$39.8M	$102.5M	75x	as long as short
Aster BTCUSDT	+0.0051%	8h	$489.2M	$867.9M	200x	as long as short
Popdex BTCUSDT	+0.0056%	1h	$8.4M	$36.5M	100x	as long as short
OKX BTC-USDT-SWAP	+0.0072%	8h	$2.55B	$9.89B	100x	as long as short
Nado BTC-PERP	+0.0075%	1h	$22.8M	$204.2M	50x	as long as short
KuCoin XBTUSDTM	+0.0078%	8h	$804.4M	$545.5M	125x	as long as short
Bullet BTC-USD	+0.0082%	1h	$227K	$3.3M	20x	as long as short
RISEx BTC/USDC	+0.0090%	1h	$7.8M	$35.1M	25x	as long as short
Lighter BTC	+0.0096%	1h	$188.4M	$774.1M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.9M	$122.0M	50x	as long as short
Aevo BTC-PERP	+0.0096%	1h	$2.4M	$1.7M	20x	as long as short
Paradex BTC-USD-PERP	+0.0097%	8h	$4.3M	$6.5M	50x	as long as short
StandX BTC-USD	+0.0099%	1h	$30.3M	$249.1M	40x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$225K	$4.5M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.4M	$289.3M	50x	as long as short
Binance BTCUSDT	+0.0100%	8h	$9.49B	$17.84B	150x	as long as short
Bybit BTCUSDT	+0.0100%	8h	$5.04B	$7.15B	150x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$3.9M	$14.8M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	$6.7M	$72.6M	40x	as long as short
MEXC BTC_USDT	+0.0100%	8h	$5.08B	$4.32B	500x	as long as short
Variational Omni BTC	+0.0100%	8h	$171.5M	$441.5M	—	as long as short
Vest BTC-PERP	+0.0100%	1h	—	$12.5M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	$10.7M	$9.7M	50x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.3M	$6.4M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	$142K	$355K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	$26.0M	$49.8M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$5.0M	100x	as long as short
Bulk BTC-USD	+0.0100%	1h	$531.7M	$81.4M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	$46.9M	$173.1M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$79.3M	500x	as long as short
Coinbase International BTC-PERP-INTXshort	+0.0120%	1h	$139.5M	$5.86B	50x
Kraken Futures PF_XBTUSD	+0.0124%	1h	$184.9M	$696.4M	100x	as long as short
Phoenix BTC	+0.0126%	1h	$1.5M	$10.3M	40x	as long as short
Hyperliquid BTC	+0.0153%	1h	$3.83B	$3.79B	40x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0190% / S −0.0196%	1h	$12.8M	—	200x	as long as short
BloFin BTC-USDT	+0.0225%	8h	$419.2M	$403.1M	150x	as long as short
Hibachi BTC/USDT-P	+0.0240%	1h	$652K	$7.5M	30x	as long as short
Deribit BTC-PERPETUAL	+0.0297%	1h	$829.3M	$851.0M	50x	as long as short