BTC

Alert

Funding spread now, next payment 17:00 UTC+0.0072%/8h

paid, last 24h−0.009%paid, last 7 days−0.101%to open and close $10k−$19

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BTCUSDT	85,734.3	0.0028	pay 0.0028% / 8h	7h 33m	$487.4M	$1.13B	200x
Short	Backpack BTC_USDC_PERP	85,806.4	0.0100	get 0.0013% / 1h	33m 23s	$37.5M	$117.2M	75x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee BackpackbpOrdersRate

Funding earned: $15.09
Slippage, 4 orders: −$0.83
Fee Aster: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$3.73
Break-even: 8.7 days

Slippage from Aster: live order book, 2 min ago; Backpack: live order book, 2 min ago.

Price risk

price view

Price gap now: +0.084%
Avg gap 7d: −0.036%

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 Aster live order book, 2 min ago	0.36 bp	4.4 bp −$4	4.4 bp −$44	5.2 bp −$520	6.8 bp −$3,383
Sell Backpack live order book, 2 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	5.3 bp −$529	17.9 bp −$8,962

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bluefin BTC-PERP	−0.8000%	1h	$142K	$408K	40x	as long as short
Perpl BTC	−0.0335%	43m	$402K	$28.4M	6.7x	as long as short
Injective BTC/USDC PERP	−0.0137%	1h	$308K	$27.0M	52x	as long as short
ApeX Omni BTCUSDT	−0.0117%	1h	$138.8M	$317.7M	100x	as long as short
Phoenix BTC	−0.0116%	1h	$1.9M	$11.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$4K	50x	as long as short
BloFin BTC-USDT	−0.0076%	8h	$422.0M	$567.1M	150x	as long as short
01 Exchange BTCUSD	−0.0064%	1h	$291K	$2.4M	50x	as long as short
Phemex BTCUSDT	−0.0061%	8h	$148.8M	$412.5M	150x	as long as short
Kraken Futures PF_XBTUSD	−0.0040%	1h	$188.1M	$821.0M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
SoDEX BTC-USD	−0.0037%	1h	$60.9M	$283.6M	40x	as long as short
Reya BTCRUSDPERP	−0.0019%	1h	$6.7M	$138.0M	40x	as long as short
Bybit BTCUSDT	−0.0006%	8h	$5.22B	$8.61B	150x	as long as short
Bitget BTCUSDT	−0.0004%	8h	$2.98B	$4.68B	150x	as long as short
BingX BTC-USDC	−0.0004%	8h	—	$14.8M	—	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	$36.7M	—	200x	as long as short
KuCoin XBTUSDTM	+0.0010%	8h	$790.1M	$616.3M	125x	as long as short
OKX BTC-USDT-SWAP	+0.0017%	8h	$2.65B	$11.63B	100x	as long as short
Aster BTCUSDTlong	+0.0028%	8h	$487.4M	$1.13B	200x
Bulk BTC-USD	+0.0033%	1h	$558.3M	$154.4M	40x	as long as short
Aftermath Perps BTCUSD	+0.0038%	1h	$87K	$151K	20x	as long as short
Aevo BTC-PERP	+0.0040%	1h	$2.4M	$1.4M	20x	as long as short
MEXC BTC_USDT	+0.0042%	8h	$5.11B	$5.20B	500x	as long as short
Binance BTCUSDT	+0.0043%	8h	$9.48B	$22.04B	150x	as long as short
Gate BTC_USDT	+0.0050%	8h	$6.08B	$9.41B	200x	as long as short
Extended BTC-USD	+0.0072%	1h	$48.8M	$206.8M	50x	as long as short
StandX BTC-USD	+0.0079%	1h	$30.6M	$230.7M	40x	as long as short
Bullet BTC-USD	+0.0084%	1h	$232K	$3.3M	20x	as long as short
Variational Omni BTC	+0.0086%	8h	$171.9M	$506.6M	—	as long as short
Paradex BTC-USD-PERP	+0.0093%	8h	$4.4M	$6.7M	50x	as long as short
Lighter BTC	+0.0096%	1h	$171.5M	$921.1M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.4M	$134.4M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	$8.7M	$46.6M	100x	as long as short
HTX BTC-USDT	+0.0097%	8h	$2.29B	$843.1M	200x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$197K	$5.7M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.5M	$227.7M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.6M	$372.2M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$3.9M	$16.2M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	$6.4M	$84.3M	40x	as long as short
Backpack BTC_USDC_PERPshort	+0.0100%	1h	$37.5M	$117.2M	75x
edgeX BTCUSDC	+0.0100%	4h	$278.0M	$890.3M	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	$11.0M	$11.7M	50x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.4M	$7.3M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	$30.2M	$59.2M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$6.0M	100x	as long as short
Kalshi KXBTCPERP	+0.0101%	8h	$14.1M	$603.2M	6.4x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$88.5M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	$128.8M	$6.18B	50x	as long as short
Hyperliquid BTC	+0.0119%	1h	$3.90B	$4.42B	40x	as long as short
RISEx BTC/USDC	+0.0132%	1h	$8.7M	$38.0M	25x	as long as short
Deribit BTC-PERPETUAL	+0.0140%	1h	$911.7M	$1.12B	50x	as long as short
Hibachi BTC/USDT-P	+0.0152%	1h	$729K	$7.4M	30x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0171% / S −0.0148%	1h	$12.4M	—	200x	as long as short