BTC

Alert

Funding spread now, next payment 15:00 UTC−0.0059%/8h

paid, last 24h−0.005%paid, last 3 days+0.039%to open and close $10k−$13

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus BTC-USD	85,785.4	0.0100	pay 0.0013% / 1h	0m 29s	$5.3M	$81.2M	40x
Short	Aster BTCUSDT	85,785.5	0.0041	get 0.0041% / 8h	1h 00m	$488.0M	$1.09B	200x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee ArcusbpFee AsterbpOrdersRate

Funding earned: −$12.42
Slippage, 4 orders: −$0.58
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$25.5
Break-even: never at this rate

Slippage from Arcus: live order book, 5 min ago; Aster: live order book, 5 min ago.

Price risk

price view

Price gap now: 0.000%
Avg gap 7d: −0.031%

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 Arcus live order book, 5 min ago	0.01 bp	2.3 bp −$2	2.3 bp −$23	4.2 bp −$416	doesn't fit
Sell Aster live order book, 5 min ago	0.01 bp	4.0 bp −$4	4.4 bp −$44	5.0 bp −$500	7.2 bp −$3,610

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Perpl BTC	−0.0223%	43m	$478K	$30.6M	6.7x	as long as short
01 Exchange BTCUSD	−0.0112%	1h	$278K	$2.3M	50x	as long as short
edgeX BTCUSDC	−0.0091%	4h	$282.9M	$839.2M	100x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$3K	50x	as long as short
Aftermath Perps BTCUSD	−0.0079%	1h	$87K	$149K	20x	as long as short
Reya BTCRUSDPERP	−0.0026%	1h	$6.7M	$137.5M	40x	as long as short
Phemex BTCUSDT	−0.0021%	8h	$157.2M	$389.8M	150x	as long as short
BingX BTC-USDC	−0.0009%	8h	—	$14.7M	—	as long as short
Gate BTC_USDT	−0.0008%	8h	$6.10B	$9.14B	200x	as long as short
Bitget BTCUSDT	−0.0008%	8h	$2.94B	$4.54B	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
dYdX BTC-USD	−0.0008%	1h	$16.7M	$16.3M	50x	as long as short
Kalshi KXBTCPERP	0.0000%	8h	$10.1M	$543.2M	6.4x	as long as short
SoDEX BTC-USD	+0.0004%	1h	$61.1M	$259.1M	40x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	$36.8M	—	200x	as long as short
Phoenix BTC	+0.0015%	1h	$1.6M	$10.8M	40x	as long as short
Bluefin BTC-PERP	+0.0019%	1h	$143K	$403K	40x	as long as short
ApeX Omni BTCUSDT	+0.0021%	1h	$139.3M	$317.3M	100x	as long as short
OKX BTC-USDT-SWAP	+0.0035%	8h	$2.60B	$11.27B	100x	as long as short
Aster BTCUSDTshort	+0.0041%	8h	$488.0M	$1.09B	200x
Kraken Futures PF_XBTUSD	+0.0042%	1h	$184.3M	$793.7M	100x	as long as short
HTX BTC-USDT	+0.0050%	8h	$2.29B	$810.6M	200x	as long as short
KuCoin XBTUSDTM	+0.0052%	8h	$788.5M	$605.4M	125x	as long as short
Paradex BTC-USD-PERP	+0.0078%	8h	$4.4M	$6.5M	50x	as long as short
Binance BTCUSDT	+0.0080%	8h	$9.58B	$20.92B	150x	as long as short
Popdex BTCUSDT	+0.0080%	1h	$8.5M	$43.5M	100x	as long as short
Hibachi BTC/USDT-P	+0.0080%	1h	$627K	$7.2M	30x	as long as short
Aevo BTC-PERP	+0.0080%	1h	$2.4M	$1.6M	20x	as long as short
MEXC BTC_USDT	+0.0081%	8h	$5.00B	$4.97B	500x	as long as short
Bullet BTC-USD	+0.0082%	1h	$245K	$3.3M	20x	as long as short
Lighter BTC	+0.0096%	1h	$178.6M	$907.6M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$25.2M	$138.8M	50x	as long as short
Nado BTC-PERP	+0.0097%	1h	$23.4M	$230.2M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$188K	$5.3M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.4M	$331.3M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	$5.14B	$8.28B	150x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$3.9M	$16.1M	25x	as long as short
Arcus BTC-USDlong	+0.0100%	1h	$5.3M	$81.2M	40x
Bulk BTC-USD	+0.0100%	1h	$540.9M	$69.9M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$39.3M	$102.9M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	$173.9M	$497.6M	—	as long as short
StandX BTC-USD	+0.0100%	1h	$30.7M	$241.0M	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	$11.4M	50x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.4M	$7.1M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	$29.9M	$57.4M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$5.6M	100x	as long as short
Extended BTC-USD	+0.0104%	1h	$48.3M	$206.5M	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	$148.8M	$6.26B	50x	as long as short
Hyperliquid BTC	+0.0160%	1h	$3.88B	$4.27B	40x	as long as short
RISEx BTC/USDC	+0.0178%	1h	$8.7M	$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	+0.0201%	8h	$423.9M	$509.3M	150x	as long as short
Deribit BTC-PERPETUAL	+0.0377%	1h	$873.4M	$1.01B	50x	as long as short