BTC

Alert

Funding spread now, next payment 18:00 UTC+0.0381%/8h

paid, last 24h−0.014%paid, last 3 days+0.010%to open and close $10k−$18

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.010% in total (about 1.1% 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	Arcus BTC-USD	86,001.3	−0.0377	get 0.0047% / 1h	51m 04s	$6.6M	$84.7M	40x
Short	KuCoin XBTUSDTM	86,042.7	0.0004	get 0.0004% / 8h	6h 51m	$794.1M	$611.3M	125x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee ArcusbpFee KuCoinbpOrdersRate

Funding earned: $79.92
Slippage, 4 orders: −$1.4
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $62.02
Break-even: 1.6 days

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

Price risk

price view

Price gap now: +0.048%
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	3.0 bp −$305	doesn't fit
Sell KuCoin live order book, 5 min ago	0.01 bp	6.0 bp −$6	6.6 bp −$66	8.7 bp −$867	doesn't fit

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bluefin BTC-PERP	−0.3982%	1h	$143K	$401K	40x	as long as short
Arcus BTC-USDlong	−0.0377%	1h	$6.6M	$84.7M	40x
Perpl BTC	−0.0223%	43m	$407K	$27.2M	6.7x	as long as short
Phoenix BTC	−0.0096%	1h	$1.9M	$11.0M	40x	as long as short
BloFin BTC-USDT	−0.0088%	8h	$423.5M	$565.4M	150x	as long as short
Phemex BTCUSDT	−0.0086%	8h	$148.2M	$413.7M	150x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$4K	50x	as long as short
Kraken Futures PF_XBTUSD	−0.0073%	1h	$189.6M	$812.0M	100x	as long as short
01 Exchange BTCUSD	−0.0056%	1h	$294K	$2.4M	50x	as long as short
dYdX BTC-USD	−0.0053%	1h	$17.3M	$17.8M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Extended BTC-USD	−0.0024%	1h	$48.7M	$199.2M	50x	as long as short
Injective BTC/USDC PERP	−0.0019%	1h	$308K	$27.0M	52x	as long as short
Reya BTCRUSDPERP	−0.0018%	1h	$6.8M	$138.1M	40x	as long as short
Bulk BTC-USD	−0.0012%	1h	$560.3M	$139.6M	40x	as long as short
SoDEX BTC-USD	−0.0010%	1h	$61.0M	$284.0M	40x	as long as short
Bitget BTCUSDT	−0.0005%	8h	$2.96B	$4.69B	150x	as long as short
BingX BTC-USDC	−0.0003%	8h	—	$14.7M	—	as long as short
Deribit BTC-PERPETUAL	0.0000%	1h	$913.2M	$1.11B	50x	as long as short
KuCoin XBTUSDTMshort	+0.0004%	8h	$794.1M	$611.3M	125x
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	$36.8M	—	200x	as long as short
OKX BTC-USDT-SWAP	+0.0012%	8h	$2.67B	$11.54B	100x	as long as short
Bybit BTCUSDT	+0.0021%	8h	$5.25B	$8.56B	150x	as long as short
Aster BTCUSDT	+0.0023%	8h	$505.5M	$1.11B	200x	as long as short
MEXC BTC_USDT	+0.0032%	8h	$5.19B	$5.08B	500x	as long as short
Aevo BTC-PERP	+0.0032%	1h	$2.4M	$1.3M	20x	as long as short
Binance BTCUSDT	+0.0032%	8h	$9.51B	$21.94B	150x	as long as short
Gate BTC_USDT	+0.0037%	8h	$6.07B	$9.45B	200x	as long as short
RISEx BTC/USDC	+0.0040%	1h	$9.2M	$38.8M	25x	as long as short
ApeX Omni BTCUSDT	+0.0047%	1h	$139.5M	$318.7M	100x	as long as short
Popdex BTCUSDT	+0.0048%	1h	$8.5M	$46.4M	100x	as long as short
Derive BTC-PERP	+0.0069%	1h	$30.4M	$59.9M	15x	as long as short
StandX BTC-USD	+0.0081%	1h	$30.6M	$227.3M	40x	as long as short
Variational Omni BTC	+0.0081%	8h	$171.5M	$507.9M	—	as long as short
Bullet BTC-USD	+0.0090%	1h	$231K	$3.3M	20x	as long as short
Paradex BTC-USD-PERP	+0.0094%	8h	$4.4M	$6.8M	50x	as long as short
Lighter BTC	+0.0096%	1h	$172.2M	$932.0M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.7M	$134.8M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$214K	$5.6M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.3M	$227.2M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$37.0M	$385.2M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$4.0M	$16.5M	25x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$37.5M	$123.8M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	$278.9M	$884.3M	100x	as long as short
Vest BTC-PERP	+0.0100%	1h	—	$11.9M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	$11.1M	$11.6M	50x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.4M	$7.3M	100x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$5.8M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	$2.29B	$838.3M	200x	as long as short
Hibachi BTC/USDT-P	+0.0104%	1h	$753K	$7.4M	30x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$85.5M	500x	as long as short
Aftermath Perps BTCUSD	+0.0105%	1h	$87K	$150K	20x	as long as short
Kalshi KXBTCPERP	+0.0105%	8h	$14.3M	$621.2M	6.4x	as long as short
Hyperliquid BTC	+0.0147%	1h	$3.90B	$4.37B	40x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0172% / S −0.0153%	1h	$12.7M	—	200x	as long as short
Coinbase International BTC-PERP-INTX	+0.0184%	1h	$128.2M	$6.00B	50x	as long as short