BTC

Alert

Funding spread now, next payment 15:00 UTC+0.0259%/8h

paid, last 24h+0.004%paid, last 3 days−0.080%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 -0.080% in total (about -8.9% a year). A funding rate is set anew for every payment. 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	85,303.6	−0.0159	get 0.0020% / 1h	38m 23s	$138.1M	$316.9M	100x
Short	Katana Perps BTC-USD	85,307	0.0100	get 0.0100% / 8h	1h 38m	$195K	$5.0M	50x

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee Katana PerpsbpOrdersRate

Funding earned: $54.3
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: $40.5
Break-even: 1.8 days

Slippage unknown: ApeX Omni: live order book, 2 min ago; Katana Perps: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.004%
Avg gap 7d: −0.038%

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, 2 min ago	0.26 bp	5.3 bp −$5	5.3 bp −$53	11.2 bp −$1,120	39.3 bp −$19.6K
Sell Katana Perps no order-book sample	—	—	—	—	—

Katana Perps: 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
Bluefin BTC-PERP	−0.1039%	1h	$142K	$400K	40x	as long as short
Perpl BTC	−0.0447%	43m	$400K	$31.1M	6.7x	as long as short
ApeX Omni BTCUSDTlong	−0.0159%	1h	$138.1M	$316.9M	100x
edgeX BTCUSDC	−0.0114%	4h	$284.1M	$800.7M	100x	as long as short
01 Exchange BTCUSD	−0.0088%	1h	$279K	$2.3M	50x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$8K	$3K	50x	as long as short
Aftermath Perps BTCUSD	−0.0061%	1h	$83K	$140K	20x	as long as short
Reya BTCRUSDPERP	−0.0032%	1h	$6.8M	$137.5M	40x	as long as short
Gate BTC_USDT	−0.0016%	8h	$6.03B	$8.56B	200x	as long as short
Phemex BTCUSDT	−0.0011%	8h	$157.7M	$374.7M	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget BTCUSDT	−0.0010%	8h	$2.96B	$4.28B	150x	as long as short
BingX BTC-USDC	−0.0010%	8h	—	$14.4M	—	as long as short
dYdX BTC-USD	0.0000%	1h	$16.5M	$14.3M	50x	as long as short
Kalshi KXBTCPERP	0.0000%	8h	$8.7M	$504.3M	6.4x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	$36.5M	—	200x	as long as short
Phoenix BTC	+0.0015%	1h	$1.6M	$10.8M	40x	as long as short
SoDEX BTC-USD	+0.0023%	1h	$61.2M	$234.5M	40x	as long as short
HTX BTC-USDT	+0.0033%	8h	$2.29B	$780.9M	200x	as long as short
Aster BTCUSDT	+0.0037%	8h	$493.8M	$1.02B	200x	as long as short
Kraken Futures PF_XBTUSD	+0.0042%	1h	$187.7M	$752.4M	100x	as long as short
OKX BTC-USDT-SWAP	+0.0054%	8h	$2.56B	$10.68B	100x	as long as short
Derive BTC-PERP	+0.0054%	1h	$28.3M	$55.9M	15x	as long as short
KuCoin XBTUSDTM	+0.0064%	8h	$802.1M	$578.0M	125x	as long as short
Nado BTC-PERP	+0.0071%	1h	$23.9M	$222.0M	50x	as long as short
Bullet BTC-USD	+0.0078%	1h	$248K	$3.3M	20x	as long as short
Paradex BTC-USD-PERP	+0.0082%	8h	$4.3M	$6.5M	50x	as long as short
Binance BTCUSDT	+0.0091%	8h	$9.54B	$19.64B	150x	as long as short
MEXC BTC_USDT	+0.0091%	8h	$4.94B	$4.67B	500x	as long as short
Lighter BTC	+0.0096%	1h	$182.0M	$856.9M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$25.5M	$132.3M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	$8.4M	$40.9M	100x	as long as short
Aevo BTC-PERP	+0.0096%	1h	$2.4M	$1.7M	20x	as long as short
Katana Perps BTC-USDshort	+0.0100%	8h	$195K	$5.0M	50x
Pacifica BTC	+0.0100%	1h	$36.5M	$317.3M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	$5.07B	$7.85B	150x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$3.9M	$15.5M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	$6.0M	$77.5M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	$533.0M	$59.2M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$39.3M	$100.7M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	$173.7M	$467.5M	—	as long as short
StandX BTC-USD	+0.0100%	1h	$30.5M	$245.9M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	—	$13.1M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	$10.8M	$10.6M	50x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.4M	$6.7M	100x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$5.3M	100x	as long as short
Extended BTC-USD	+0.0104%	1h	$47.3M	$200.5M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$85.5M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	$142.7M	$6.13B	50x	as long as short
Hyperliquid BTC	+0.0116%	1h	$3.84B	$4.08B	40x	as long as short
Hibachi BTC/USDT-P	+0.0128%	1h	$592K	$7.4M	30x	as long as short
RISEx BTC/USDC	+0.0178%	1h	$8.8M	$36.7M	25x	as long as short
Injective BTC/USDC PERP	+0.0180%	1h	$306K	$27.0M	52x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0198% / S −0.0210%	1h	$13.1M	—	200x	as long as short
BloFin BTC-USDT	+0.0212%	8h	$421.4M	$482.2M	150x	as long as short
Deribit BTC-PERPETUAL	+0.0467%	1h	$850.1M	$933.8M	50x	as long as short