BTC

Alert

Funding spread now, next payment 00:00 UTC+0.0040%/8h

next payment, per $10,000+$0.40paid, last 24h+0.007%paid, last 3 days−0.062%to open and closeno order book

Long on Binance Short on Variational Omni

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BTCUSDT	85,846	0.0026	pay 0.0026% / 8h	6h 32m	$9.48B	$22.08B	150x
Short	Variational Omni BTC	85,738.5	0.0066	get 0.0066% / 8h	6h 32m	$172.2M	$506.8M	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee Variational OmnibpOrdersRate

Funding earned: $8.45
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$1.55
Break-even: 8.3 days

Slippage unknown: Binance: live order book, 13 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.125%
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 Binance live order book, 13 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	5.6 bp −$556	7.2 bp −$3,613
Sell Variational Omni RFQ quote, 3 min ago	0.52 bp	doesn't fit	1.0 bp −$10	1.7 bp −$175	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	−0.2414%	1h	$143K	$411K	40x	as long as short
Arcus BTC-USD	−0.0377%	1h	$6.6M	$85.0M	40x	as long as short
Perpl BTC	−0.0223%	43m	$409K	$26.7M	6.7x	as long as short
Phoenix BTC	−0.0096%	1h	$1.9M	$11.0M	40x	as long as short
BloFin BTC-USDT	−0.0094%	8h	$424.8M	$566.8M	150x	as long as short
ApeX Omni BTCUSDT	−0.0093%	1h	$139.5M	$319.2M	100x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$4K	50x	as long as short
Kraken Futures PF_XBTUSD	−0.0073%	1h	$190.6M	$813.6M	100x	as long as short
01 Exchange BTCUSD	−0.0048%	1h	$302K	$2.4M	50x	as long as short
dYdX BTC-USD	−0.0031%	1h	$17.1M	$18.1M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
SoDEX BTC-USD	−0.0027%	1h	$60.8M	$284.1M	40x	as long as short
Bulk BTC-USD	−0.0019%	1h	$560.6M	$139.0M	40x	as long as short
Injective BTC/USDC PERP	−0.0019%	1h	$308K	$27.0M	52x	as long as short
Phemex BTCUSDT	−0.0018%	8h	$148.4M	$415.2M	150x	as long as short
Reya BTCRUSDPERP	−0.0018%	1h	$6.7M	$138.1M	40x	as long as short
Bitget BTCUSDT	−0.0005%	8h	$2.96B	$4.69B	150x	as long as short
BingX BTC-USDT	−0.0005%	8h	—	$1.37B	—	as long as short
KuCoin XBTUSDTM	0.0000%	8h	$797.3M	$614.8M	125x	as long as short
Gate BTC_USDT	+0.0002%	8h	$6.06B	$9.55B	200x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	$36.7M	—	200x	as long as short
Extended BTC-USD	+0.0008%	1h	$48.7M	$199.6M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0013%	8h	$2.66B	$11.55B	100x	as long as short
Aster BTCUSDT	+0.0014%	8h	$504.8M	$1.10B	200x	as long as short
Bybit BTCUSDT	+0.0016%	8h	$5.24B	$8.58B	150x	as long as short
Aevo BTC-PERP	+0.0024%	1h	$2.4M	$1.3M	20x	as long as short
Binance BTCUSDTlong	+0.0026%	8h	$9.48B	$22.08B	150x
MEXC BTC_USDT	+0.0026%	8h	$5.15B	$5.13B	500x	as long as short
Popdex BTCUSDT	+0.0040%	1h	$8.5M	$46.5M	100x	as long as short
RISEx BTC/USDC	+0.0040%	1h	$9.0M	$38.6M	25x	as long as short
StandX BTC-USD	+0.0064%	1h	$30.7M	$226.0M	40x	as long as short
Variational Omni BTCshort	+0.0066%	8h	$172.2M	$506.8M	—
Aftermath Perps BTCUSD	+0.0085%	1h	$86K	$154K	20x	as long as short
Bullet BTC-USD	+0.0088%	1h	$230K	$3.3M	20x	as long as short
Paradex BTC-USD-PERP	+0.0095%	8h	$4.4M	$6.8M	50x	as long as short
Lighter BTC	+0.0096%	1h	$171.5M	$941.2M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.6M	$136.2M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$191K	$5.7M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.2M	$227.1M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$37.0M	$391.7M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$3.9M	$16.7M	25x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$37.3M	$125.4M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	$280.2M	$880.7M	100x	as long as short
Vest BTC-PERP	+0.0100%	1h	—	$11.5M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	$11.0M	$11.7M	50x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.4M	$7.4M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	$30.4M	$59.6M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$5.8M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	$2.28B	$833.4M	200x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$85.0M	500x	as long as short
Kalshi KXBTCPERP	+0.0105%	8h	$13.4M	$631.1M	6.4x	as long as short
Hibachi BTC/USDT-P	+0.0112%	1h	$757K	$7.2M	30x	as long as short
Hyperliquid BTC	+0.0135%	1h	$3.92B	$4.40B	40x	as long as short
Deribit BTC-PERPETUAL	+0.0158%	1h	$914.1M	$1.11B	50x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0172% / S −0.0153%	1h	$12.7M	—	200x	as long as short
Coinbase International BTC-PERP-INTX	+0.0184%	1h	$128.6M	$5.93B	50x	as long as short