BTC

Alert

Funding spread now, next payment 15:00 UTC+0.0002%/8h

paid, last 24h−0.017%paid, last 7 days−0.123%to open and close $10k−$20

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BTCUSDT	85,257.5	0.0098	pay 0.0098% / 8h	1h 54m	$9.50B	$19.25B	150x
Short	Backpack BTC_USDC_PERP	85,285.3	0.0100	get 0.0013% / 1h	54m 53s	$39.3M	$100.7M	75x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee BackpackbpOrdersRate

Funding earned: $0.41
Slippage, 4 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$19.61
Break-even: 338.8 days

Slippage from Binance: live order book, 6 min ago; Backpack: live order book, 6 min ago.

Price risk

price view

Price gap now: +0.033%
Avg gap 7d: −0.028%

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 Binance live order book, 6 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	5.4 bp −$538	6.8 bp −$3,423
Sell Backpack live order book, 6 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	6.4 bp −$639	28.3 bp −$14.1K

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Perpl BTC	−0.0447%	43m	$425K	$31.6M	6.7x	as long as short
edgeX BTCUSDC	−0.0092%	4h	$282.8M	$781.6M	100x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$8K	$3K	50x	as long as short
Aftermath Perps BTCUSD	−0.0037%	1h	$85K	$137K	20x	as long as short
Reya BTCRUSDPERP	−0.0036%	1h	$6.8M	$135.2M	40x	as long as short
Phemex BTCUSDT	−0.0026%	8h	$159.5M	$369.7M	150x	as long as short
01 Exchange BTCUSD	−0.0024%	1h	$279K	$2.3M	50x	as long as short
Gate BTC_USDT	−0.0020%	8h	$6.01B	$8.34B	200x	as long as short
BingX BTC-USDT	−0.0012%	8h	—	$1.29B	—	as long as short
Bitget BTCUSDT	−0.0011%	8h	$2.95B	$4.23B	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
dYdX BTC-USD	0.0000%	1h	$16.0M	$13.7M	50x	as long as short
Kalshi KXBTCPERP	0.0000%	8h	$8.2M	$489.1M	6.4x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	$36.4M	—	200x	as long as short
Phoenix BTC	+0.0015%	1h	$1.6M	$10.8M	40x	as long as short
HTX BTC-USDT	+0.0021%	8h	$2.28B	$772.8M	200x	as long as short
SoDEX BTC-USD	+0.0024%	1h	$61.1M	$234.4M	40x	as long as short
Kraken Futures PF_XBTUSD	+0.0042%	1h	$186.0M	$742.1M	100x	as long as short
Aster BTCUSDT	+0.0045%	8h	$486.3M	$970.9M	200x	as long as short
OKX BTC-USDT-SWAP	+0.0060%	8h	$2.56B	$10.55B	100x	as long as short
KuCoin XBTUSDTM	+0.0068%	8h	$798.4M	$580.3M	125x	as long as short
Derive BTC-PERP	+0.0082%	1h	$27.8M	$55.0M	15x	as long as short
Paradex BTC-USD-PERP	+0.0088%	8h	$4.3M	$6.6M	50x	as long as short
Popdex BTCUSDT	+0.0088%	1h	$8.4M	$39.8M	100x	as long as short
Nado BTC-PERP	+0.0096%	1h	$24.1M	$219.9M	50x	as long as short
Lighter BTC	+0.0096%	1h	$182.5M	$839.6M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$25.2M	$129.5M	50x	as long as short
Aevo BTC-PERP	+0.0096%	1h	$2.4M	$1.7M	20x	as long as short
MEXC BTC_USDT	+0.0098%	8h	$4.95B	$4.58B	500x	as long as short
Binance BTCUSDTlong	+0.0098%	8h	$9.50B	$19.25B	150x
Katana Perps BTC-USD	+0.0100%	8h	$198K	$4.8M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.3M	$310.2M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	$5.04B	$7.75B	150x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$3.9M	$15.5M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	$6.1M	$76.8M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	$534.4M	$59.0M	40x	as long as short
Backpack BTC_USDC_PERPshort	+0.0100%	1h	$39.3M	$100.7M	75x
Variational Omni BTC	+0.0100%	8h	$172.6M	$465.7M	—	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	$137.7M	$315.4M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	$30.5M	$246.8M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	—	$13.1M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	$10.8M	$10.4M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	$248K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.3M	$6.6M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	$142K	$399K	40x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$5.3M	100x	as long as short
Extended BTC-USD	+0.0104%	1h	$47.1M	$198.9M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$84.9M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	$141.8M	$6.07B	50x	as long as short
Hyperliquid BTC	+0.0161%	1h	$3.83B	$4.05B	40x	as long as short
RISEx BTC/USDC	+0.0178%	1h	$8.5M	$36.4M	25x	as long as short
Injective BTC/USDC PERP	+0.0180%	1h	$307K	$27.0M	52x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0195% / S −0.0202%	1h	$12.9M	—	200x	as long as short
BloFin BTC-USDT	+0.0218%	8h	$420.5M	$475.5M	150x	as long as short
Hibachi BTC/USDT-P	+0.0240%	1h	$608K	$7.5M	30x	as long as short
Deribit BTC-PERPETUAL	+0.0443%	1h	$845.6M	$910.4M	50x	as long as short