BTC

Alert

Funding spread now, next payment 17:00 UTC0.0000%/8h

paid, last 24h0.000%paid, last 3 days+0.116%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus BTC-USD	85,806.8	0.0100	pay 0.0013% / 1h	13m 21s	$6.6M	$84.2M	40x
Short	Orderly PERP_BTC_USDC	85,856.2	0.0100	get 0.0100% / 8h	7h 13m	$2.4M	$7.3M	100x

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 ArcusbpFee OrderlybpOrdersRate

Funding earned: $0
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$10.5
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 2 min ago; Orderly: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.058%
Avg gap 7d: −0.020%

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, 2 min ago	0.01 bp	2.3 bp −$2	2.3 bp −$23	4.5 bp −$447	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.7638%	1h	$142K	$367K	40x	as long as short
Perpl BTC	−0.0335%	43m	$410K	$27.7M	6.7x	as long as short
Injective BTC/USDC PERP	−0.0137%	1h	$308K	$27.0M	52x	as long as short
Phoenix BTC	−0.0116%	1h	$1.9M	$11.4M	40x	as long as short
BloFin BTC-USDT	−0.0082%	8h	$425.2M	$563.2M	150x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$4K	50x	as long as short
01 Exchange BTCUSD	−0.0056%	1h	$292K	$2.4M	50x	as long as short
Kraken Futures PF_XBTUSD	−0.0040%	1h	$187.9M	$810.6M	100x	as long as short
ApeX Omni BTCUSDT	−0.0036%	1h	$138.6M	$318.2M	100x	as long as short
SoDEX BTC-USD	−0.0032%	1h	$60.8M	$283.9M	40x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex BTCUSDT	−0.0019%	8h	$147.8M	$413.2M	150x	as long as short
Reya BTCRUSDPERP	−0.0019%	1h	$6.7M	$138.0M	40x	as long as short
Bitget BTCUSDT	−0.0004%	8h	$2.97B	$4.64B	150x	as long as short
BingX BTC-USDC	−0.0004%	8h	—	$14.7M	—	as long as short
Bulk BTC-USD	−0.0004%	1h	$559.1M	$139.9M	40x	as long as short
dYdX BTC-USD	0.0000%	1h	$17.2M	$17.6M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	$36.8M	—	200x	as long as short
Bybit BTCUSDT	+0.0005%	8h	$5.23B	$8.53B	150x	as long as short
KuCoin XBTUSDTM	+0.0006%	8h	$792.9M	$609.9M	125x	as long as short
OKX BTC-USDT-SWAP	+0.0014%	8h	$2.65B	$11.50B	100x	as long as short
Extended BTC-USD	+0.0016%	1h	$48.7M	$202.0M	50x	as long as short
Aster BTCUSDT	+0.0025%	8h	$500.0M	$1.11B	200x	as long as short
MEXC BTC_USDT	+0.0038%	8h	$5.13B	$5.27B	500x	as long as short
Binance BTCUSDT	+0.0038%	8h	$9.47B	$21.80B	150x	as long as short
Aevo BTC-PERP	+0.0040%	1h	$2.4M	$1.3M	20x	as long as short
Gate BTC_USDT	+0.0041%	8h	$6.05B	$9.51B	200x	as long as short
Aftermath Perps BTCUSD	+0.0073%	1h	$87K	$149K	20x	as long as short
Variational Omni BTC	+0.0083%	8h	$171.9M	$506.0M	—	as long as short
StandX BTC-USD	+0.0085%	1h	$30.6M	$229.6M	40x	as long as short
Bullet BTC-USD	+0.0090%	1h	$230K	$3.3M	20x	as long as short
Paradex BTC-USD-PERP	+0.0093%	8h	$4.4M	$6.8M	50x	as long as short
Derive BTC-PERP	+0.0096%	1h	$30.3M	$60.1M	15x	as long as short
Lighter BTC	+0.0096%	1h	$171.9M	$936.0M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.7M	$136.1M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	$8.5M	$46.2M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$203K	$5.6M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.5M	$225.9M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.6M	$378.6M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$3.9M	$16.2M	25x	as long as short
Arcus BTC-USDlong	+0.0100%	1h	$6.6M	$84.2M	40x
Backpack BTC_USDC_PERP	+0.0100%	1h	$37.3M	$119.7M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	$278.3M	$894.8M	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	$11.0M	$11.5M	50x	as long as short
Orderly PERP_BTC_USDCshort	+0.0100%	8h	$2.4M	$7.3M	100x
SunX BTC-USDT	+0.0100%	8h	$3.3M	$5.9M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	$2.29B	$839.4M	200x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$86.4M	500x	as long as short
Kalshi KXBTCPERP	+0.0104%	8h	$14.5M	$608.5M	6.4x	as long as short
Hibachi BTC/USDT-P	+0.0112%	1h	$733K	$7.4M	30x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	$127.8M	$6.07B	50x	as long as short
Hyperliquid BTC	+0.0118%	1h	$3.89B	$4.37B	40x	as long as short
RISEx BTC/USDC	+0.0132%	1h	$9.0M	$38.6M	25x	as long as short
Deribit BTC-PERPETUAL	+0.0156%	1h	$911.5M	$1.12B	50x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0171% / S −0.0149%	1h	$12.4M	—	200x	as long as short