BTC

Alert

Funding spread now, next payment 16:00 UTC+0.0059%/8h

paid, last 24h+0.005%paid, last 7 days+0.060%to open and close $10k−$17

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BTCUSDT	85,927.8	0.0041	pay 0.0041% / 8h	16m 08s	$487.0M	$1.12B	200x
Short	Pacifica BTC	85,920	0.0100	get 0.0013% / 1h	16m 08s	$37.0M	$351.8M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee PacificabpOrdersRate

Funding earned: $12.32
Slippage, 4 orders: −$0.68
Fee Aster: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$4.36
Break-even: 9.5 days

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

Price risk

price view

Price gap now: −0.009%
Avg gap 7d: +0.021%

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, 5 min ago	0.01 bp	4.4 bp −$4	4.9 bp −$49	5.0 bp −$497	7.6 bp −$3,808
Sell Pacifica live order book, 5 min ago	0.06 bp	4.2 bp −$4	4.5 bp −$45	doesn't fit	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	−0.0265%	1h	$143K	$407K	40x	as long as short
ApeX Omni BTCUSDT	−0.0122%	1h	$139.2M	$318.6M	100x	as long as short
Perpl BTC	−0.0112%	43m	$423K	$29.7M	6.7x	as long as short
Phoenix BTC	−0.0086%	1h	$1.8M	$10.8M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$4K	50x	as long as short
01 Exchange BTCUSD	−0.0056%	1h	$288K	$2.4M	50x	as long as short
BloFin BTC-USDT	−0.0055%	8h	$430.5M	$563.0M	150x	as long as short
Reya BTCRUSDPERP	−0.0021%	1h	$6.7M	$137.8M	40x	as long as short
Gate BTC_USDT	−0.0020%	8h	$6.12B	$9.50B	200x	as long as short
Phemex BTCUSDT	−0.0019%	8h	$153.1M	$406.1M	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aftermath Perps BTCUSD	−0.0016%	1h	$86K	$154K	20x	as long as short
SoDEX BTC-USD	−0.0005%	1h	$61.0M	$283.6M	40x	as long as short
Bitget BTCUSDT	−0.0004%	8h	$2.97B	$4.69B	150x	as long as short
BingX BTC-USDT	−0.0004%	8h	—	$1.40B	—	as long as short
dYdX BTC-USD	0.0000%	1h	$17.3M	$17.4M	50x	as long as short
Kalshi KXBTCPERP	0.0000%	8h	$12.1M	$576.9M	6.4x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	$36.8M	—	200x	as long as short
OKX BTC-USDT-SWAP	+0.0026%	8h	$2.66B	$11.65B	100x	as long as short
KuCoin XBTUSDTM	+0.0032%	8h	$790.4M	$616.1M	125x	as long as short
Aster BTCUSDTlong	+0.0041%	8h	$487.0M	$1.12B	200x
MEXC BTC_USDT	+0.0064%	8h	$5.09B	$5.16B	500x	as long as short
Aevo BTC-PERP	+0.0064%	1h	$2.4M	$1.6M	20x	as long as short
Binance BTCUSDT	+0.0064%	8h	$9.54B	$21.75B	150x	as long as short
HTX BTC-USDT	+0.0068%	8h	$2.29B	$847.0M	200x	as long as short
Kraken Futures PF_XBTUSD	+0.0071%	1h	$185.7M	$818.4M	100x	as long as short
Popdex BTCUSDT	+0.0088%	1h	$8.5M	$45.6M	100x	as long as short
Paradex BTC-USD-PERP	+0.0090%	8h	$4.4M	$6.7M	50x	as long as short
Bybit BTCUSDT	+0.0093%	8h	$5.20B	$8.53B	150x	as long as short
Lighter BTC	+0.0096%	1h	$172.6M	$933.7M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.7M	$140.0M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$190K	$5.5M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.7M	$229.5M	50x	as long as short
Pacifica BTCshort	+0.0100%	1h	$37.0M	$351.8M	50x
Ondo Perps BTC-USD.P	+0.0100%	1h	$3.9M	$16.3M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	$5.8M	$84.6M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	$548.9M	$117.2M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$38.9M	$107.7M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	$170.4M	$509.5M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	$278.0M	$878.0M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	$30.6M	$230.6M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	—	$12.3M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	$11.0M	$11.7M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	$242K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.4M	$7.2M	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	$6.1M	100x	as long as short
Extended BTC-USD	+0.0104%	1h	$48.7M	$209.4M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$89.3M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	$151.0M	$6.23B	50x	as long as short
Injective BTC/USDC PERP	+0.0108%	1h	$307K	$27.0M	52x	as long as short
RISEx BTC/USDC	+0.0128%	1h	$8.7M	$38.7M	25x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0198% / S −0.0175%	1h	$12.5M	—	200x	as long as short
Hyperliquid BTC	+0.0248%	1h	$3.90B	$4.48B	40x	as long as short
Hibachi BTC/USDT-P	+0.0256%	1h	$697K	$7.4M	30x	as long as short
Deribit BTC-PERPETUAL	+0.0263%	1h	$906.1M	$1.10B	50x	as long as short