BTC

Alert

Funding spread now, next payment 15:00 UTC+0.0077%/8h

paid, last 24h+0.023%paid, last 7 days+0.065%to open and close $10k−$19

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BTCUSDT	86,041.1	0.0083	pay 0.0083% / 8h	1h 06m	$9.59B	$20.74B	150x
Short	Hyperliquid BTC	86,138	0.0160	get 0.0020% / 1h	6m 20s	$3.89B	$4.24B	40x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee HyperliquidbpOrdersRate

Funding earned: $16.1
Slippage, 4 orders: −$0.13
Fee Binance: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$3.03
Break-even: 8.3 days

Slippage from Binance: live order book, 9 min ago; Hyperliquid: live order book, 9 min ago.

Price risk

price view

Price gap now: +0.113%
Avg gap 7d: +0.034%

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, 9 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	5.5 bp −$546	6.9 bp −$3,465
Sell Hyperliquid live order book, 9 min ago	0.06 bp	4.6 bp −$5	4.6 bp −$46	4.6 bp −$462	doesn't fit

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Perpl BTC	−0.0223%	43m	$435K	$30.6M	6.7x	as long as short
edgeX BTCUSDC	−0.0117%	4h	$282.4M	$832.6M	100x	as long as short
01 Exchange BTCUSD	−0.0112%	1h	$279K	$2.3M	50x	as long as short
Aftermath Perps BTCUSD	−0.0086%	1h	$87K	$145K	20x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$3K	50x	as long as short
Bluefin BTC-PERP	−0.0046%	1h	$143K	$403K	40x	as long as short
Reya BTCRUSDPERP	−0.0027%	1h	$6.7M	$137.4M	40x	as long as short
Phemex BTCUSDT	−0.0025%	8h	$157.6M	$387.0M	150x	as long as short
BingX BTC-USDC	−0.0010%	8h	—	$14.7M	—	as long as short
Gate BTC_USDT	−0.0009%	8h	$6.12B	$9.07B	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget BTCUSDT	−0.0009%	8h	$2.96B	$4.51B	150x	as long as short
dYdX BTC-USD	−0.0009%	1h	$16.8M	$16.3M	50x	as long as short
ApeX Omni BTCUSDT	0.0000%	1h	$138.7M	$317.0M	100x	as long as short
Kalshi KXBTCPERP	0.0000%	8h	$9.5M	$536.1M	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
SoDEX BTC-USD	+0.0010%	1h	$61.3M	$259.1M	40x	as long as short
Phoenix BTC	+0.0015%	1h	$1.6M	$10.8M	40x	as long as short
OKX BTC-USDT-SWAP	+0.0038%	8h	$2.59B	$11.22B	100x	as long as short
Kraken Futures PF_XBTUSD	+0.0042%	1h	$185.7M	$789.6M	100x	as long as short
Aster BTCUSDT	+0.0045%	8h	$488.6M	$1.08B	200x	as long as short
HTX BTC-USDT	+0.0048%	8h	$2.30B	$807.7M	200x	as long as short
KuCoin XBTUSDTM	+0.0054%	8h	$784.7M	$601.1M	125x	as long as short
Hibachi BTC/USDT-P	+0.0056%	1h	$618K	$7.2M	30x	as long as short
Bullet BTC-USD	+0.0076%	1h	$246K	$3.3M	20x	as long as short
Paradex BTC-USD-PERP	+0.0079%	8h	$4.4M	$6.5M	50x	as long as short
Popdex BTCUSDT	+0.0080%	1h	$8.6M	$42.9M	100x	as long as short
Aevo BTC-PERP	+0.0080%	1h	$2.4M	$1.6M	20x	as long as short
Binance BTCUSDTlong	+0.0083%	8h	$9.59B	$20.74B	150x
MEXC BTC_USDT	+0.0083%	8h	$4.98B	$4.93B	500x	as long as short
Nado BTC-PERP	+0.0091%	1h	$23.5M	$229.6M	50x	as long as short
Lighter BTC	+0.0096%	1h	$180.0M	$899.9M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$25.2M	$138.2M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$188K	$5.2M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.6M	$331.3M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	$5.15B	$8.25B	150x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$3.9M	$15.9M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	$5.5M	$80.1M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	$540.9M	$69.9M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$40.3M	$101.0M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	$170.7M	$477.0M	—	as long as short
StandX BTC-USD	+0.0100%	1h	$30.8M	$241.4M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	—	$13.3M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	$10.9M	$11.2M	50x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.4M	$7.1M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	$29.7M	$57.4M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$5.6M	100x	as long as short
Extended BTC-USD	+0.0104%	1h	$48.3M	$206.1M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$88.8M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	$148.1M	$6.26B	50x	as long as short
Hyperliquid BTCshort	+0.0160%	1h	$3.89B	$4.24B	40x
RISEx BTC/USDC	+0.0178%	1h	$8.8M	$38.2M	25x	as long as short
Injective BTC/USDC PERP	+0.0180%	1h	$304K	$27.0M	52x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0198% / S −0.0177%	1h	$12.5M	—	200x	as long as short
BloFin BTC-USDT	+0.0203%	8h	$426.0M	$507.3M	150x	as long as short
Deribit BTC-PERPETUAL	+0.0420%	1h	$870.2M	$998.3M	50x	as long as short