BTC

Alert

Funding spread now, next payment 16:00 UTC+0.0056%/8h

next payment, per $10,000+$0.56paid, last 24h+0.003%paid, last 3 days−0.051%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BTCUSDT	86,041.9	0.0044	pay 0.0044% / 8h	13m 31s	$487.6M	$1.12B	200x
Short	Variational Omni BTC	85,880.8	0.0100	get 0.0100% / 8h	13m 31s	$170.9M	$510.4M	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee Variational OmnibpOrdersRate

Funding earned: $11.66
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $3.66
Break-even: 4.8 days

Slippage unknown: Aster: live order book, 2 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.187%
Avg gap 7d: −0.010%

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	0.01 bp	4.1 bp −$4	4.6 bp −$46	4.8 bp −$478	7.2 bp −$3,612
Sell Variational Omni RFQ quote, 2 min ago	0.50 bp	doesn't fit	0.5 bp −$5	3.7 bp −$371	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	−0.0228%	1h	$143K	$407K	40x	as long as short
ApeX Omni BTCUSDT	−0.0124%	1h	$139.2M	$318.5M	100x	as long as short
Perpl BTC	−0.0112%	43m	$421K	$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
BloFin BTC-USDT	−0.0071%	8h	$431.3M	$564.7M	150x	as long as short
01 Exchange BTCUSD	−0.0064%	1h	$288K	$2.4M	50x	as long as short
Phemex BTCUSDT	−0.0026%	8h	$153.2M	$407.0M	150x	as long as short
Reya BTCRUSDPERP	−0.0021%	1h	$6.7M	$137.8M	40x	as long as short
Gate BTC_USDT	−0.0019%	8h	$6.14B	$9.52B	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aftermath Perps BTCUSD	−0.0010%	1h	$86K	$154K	20x	as long as short
SoDEX BTC-USD	−0.0006%	1h	$61.1M	$283.6M	40x	as long as short
Bitget BTCUSDT	−0.0004%	8h	$2.97B	$4.70B	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	$17.5M	50x	as long as short
Kalshi KXBTCPERP	0.0000%	8h	$12.2M	$577.7M	6.4x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	$36.9M	—	200x	as long as short
OKX BTC-USDT-SWAP	+0.0025%	8h	$2.66B	$11.68B	100x	as long as short
KuCoin XBTUSDTM	+0.0031%	8h	$790.9M	$616.6M	125x	as long as short
Aster BTCUSDTlong	+0.0044%	8h	$487.6M	$1.12B	200x
MEXC BTC_USDT	+0.0063%	8h	$5.08B	$5.18B	500x	as long as short
Aevo BTC-PERP	+0.0064%	1h	$2.4M	$1.5M	20x	as long as short
Binance BTCUSDT	+0.0064%	8h	$9.55B	$21.83B	150x	as long as short
HTX BTC-USDT	+0.0069%	8h	$2.29B	$848.5M	200x	as long as short
Kraken Futures PF_XBTUSD	+0.0071%	1h	$186.7M	$820.7M	100x	as long as short
Popdex BTCUSDT	+0.0080%	1h	$8.5M	$45.7M	100x	as long as short
Paradex BTC-USD-PERP	+0.0091%	8h	$4.4M	$6.7M	50x	as long as short
Bybit BTCUSDT	+0.0092%	8h	$5.20B	$8.55B	150x	as long as short
Lighter BTC	+0.0096%	1h	$172.0M	$937.7M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.8M	$140.5M	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	$23.5M	$230.1M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$37.0M	$351.8M	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	$5.7M	$84.9M	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	$108.2M	75x	as long as short
Variational Omni BTCshort	+0.0100%	8h	$170.9M	$510.4M	—
edgeX BTCUSDC	+0.0100%	4h	$278.4M	$880.8M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	$30.7M	$230.7M	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	$7.3M	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	$6.1M	100x	as long as short
Extended BTC-USD	+0.0104%	1h	$48.7M	$209.3M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$89.7M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	$150.8M	$6.25B	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	$12.6M	—	200x	as long as short
Hyperliquid BTC	+0.0246%	1h	$3.91B	$4.52B	40x	as long as short
Hibachi BTC/USDT-P	+0.0248%	1h	$698K	$7.4M	30x	as long as short
Deribit BTC-PERPETUAL	+0.0270%	1h	$907.1M	$1.11B	50x	as long as short