BTC

Alert

Funding spread now, next payment 16:00 UTC+0.0058%/8h

paid, last 24h+0.005%paid, last 7 days+0.078%to open and close $10k−$17

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BTCUSDT	86,023.5	0.0042	pay 0.0042% / 8h	7m 28s	$485.8M	$1.13B	200x
Short	Polymarket Perps BTC-USD	86,010	0.0100	get 0.0013% / 1h	7m 28s	$11.0M	$11.7M	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 Polymarket PerpsbpOrdersRate

Funding earned: $12.09
Slippage, 4 orders: −$0.75
Fee Aster: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$4.66
Break-even: 9.7 days

Slippage from Aster: live order book, 3 min ago; Polymarket Perps: live order book, 3 min ago.

Price risk

price view

Price gap now: −0.016%
Avg gap 7d: −0.012%

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, 3 min ago	0.01 bp	4.0 bp −$4	4.5 bp −$45	5.5 bp −$547	7.8 bp −$3,885
Sell Polymarket Perps live order book, 3 min ago	0.35 bp	4.3 bp −$4	5.1 bp −$51	7.6 bp −$762	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	−0.0137%	1h	$143K	$407K	40x	as long as short
ApeX Omni BTCUSDT	−0.0120%	1h	$139.3M	$318.4M	100x	as long as short
Perpl BTC	−0.0112%	43m	$401K	$29.5M	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	−0.0064%	1h	$287K	$2.4M	50x	as long as short
BloFin BTC-USDT	−0.0059%	8h	$430.7M	$569.6M	150x	as long as short
Phemex BTCUSDT	−0.0025%	8h	$153.6M	$408.1M	150x	as long as short
Reya BTCRUSDPERP	−0.0021%	1h	$6.7M	$137.9M	40x	as long as short
Gate BTC_USDT	−0.0020%	8h	$6.12B	$9.58B	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
SoDEX BTC-USD	−0.0014%	1h	$61.1M	$283.6M	40x	as long as short
Bitget BTCUSDT	−0.0003%	8h	$2.97B	$4.72B	150x	as long as short
BingX BTC-USDT	−0.0003%	8h	—	$1.40B	—	as long as short
dYdX BTC-USD	0.0000%	1h	$17.3M	$17.5M	50x	as long as short
Aftermath Perps BTCUSD	+0.0002%	1h	$87K	$154K	20x	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	+0.0023%	8h	$2.66B	$11.70B	100x	as long as short
KuCoin XBTUSDTM	+0.0028%	8h	$790.8M	$617.8M	125x	as long as short
Aster BTCUSDTlong	+0.0042%	8h	$485.8M	$1.13B	200x
MEXC BTC_USDT	+0.0060%	8h	$5.09B	$5.21B	500x	as long as short
Binance BTCUSDT	+0.0060%	8h	$9.53B	$21.97B	150x	as long as short
Aevo BTC-PERP	+0.0064%	1h	$2.4M	$1.5M	20x	as long as short
HTX BTC-USDT	+0.0069%	8h	$2.29B	$850.9M	200x	as long as short
Kraken Futures PF_XBTUSD	+0.0071%	1h	$186.8M	$821.4M	100x	as long as short
Popdex BTCUSDT	+0.0072%	1h	$8.5M	$45.7M	100x	as long as short
Bybit BTCUSDT	+0.0088%	8h	$5.20B	$8.58B	150x	as long as short
Paradex BTC-USD-PERP	+0.0091%	8h	$4.4M	$6.7M	50x	as long as short
Lighter BTC	+0.0096%	1h	$171.8M	$943.5M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.8M	$141.1M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$191K	$5.5M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.7M	$230.5M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.9M	$357.1M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$3.9M	$16.3M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	$6.0M	$85.8M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	$553.6M	$134.9M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$38.9M	$108.6M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	$171.4M	$511.1M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	$278.9M	$878.0M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	$30.7M	$230.6M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	—	$12.2M	50x	as long as short
Polymarket Perps BTC-USDshort	+0.0100%	1h	$11.0M	$11.7M	50x
Bullet BTC-USD	+0.0100%	1h	$243K	$3.3M	20x	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	$30.3M	$59.2M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$6.1M	100x	as long as short
Kalshi KXBTCPERP	+0.0101%	8h	$12.3M	$581.4M	6.4x	as long as short
Extended BTC-USD	+0.0104%	1h	$48.8M	$209.6M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$89.4M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	$151.7M	$6.25B	50x	as long as short
Injective BTC/USDC PERP	+0.0108%	1h	$308K	$27.0M	52x	as long as short
RISEx BTC/USDC	+0.0128%	1h	$8.8M	$38.9M	25x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0198% / S −0.0175%	1h	$12.6M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0240%	1h	$695K	$7.4M	30x	as long as short
Hyperliquid BTC	+0.0243%	1h	$3.92B	$4.50B	40x	as long as short
Deribit BTC-PERPETUAL	+0.0251%	1h	$910.7M	$1.11B	50x	as long as short