BTC

Alert

Funding spread now, next payment 14:00 UTC+0.0200%/8h

paid, last 24h+0.032%paid, last 7 days+0.087%to open and close $10k−$19

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.087% in total (about 4.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BTC-USDT	85,153.9	−0.0013	get 0.0013% / 8h	2h 40m	—	$1.17B	—
Short	Hyperliquid BTC	85,254	0.0187	get 0.0023% / 1h	40m 12s	$3.87B	$3.76B	40x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee HyperliquidbpOrdersRate

Funding earned: $42
Slippage, 4 orders: −$0.16
Fee BingX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $22.84
Break-even: 3.2 days

Slippage from BingX: live order book, 5 min ago; Hyperliquid: live order book, 5 min ago.

Price risk

price view

Price gap now: +0.118%
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 BingX live order book, 5 min ago	0.02 bp	5.0 bp −$5	5.1 bp −$51	5.3 bp −$529	5.7 bp −$2,859
Sell Hyperliquid live order book, 5 min ago	0.06 bp	4.6 bp −$5	4.6 bp −$46	5.0 bp −$500	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	$417K	$32.0M	6.7x	as long as short
ApeX Omni BTCUSDT	−0.0214%	1h	$137.2M	$313.9M	100x	as long as short
edgeX BTCUSDC	−0.0100%	4h	$283.3M	$731.2M	100x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$2K	50x	as long as short
Gate BTC_USDT	−0.0060%	8h	$6.03B	$7.76B	200x	as long as short
Reya BTCRUSDPERP	−0.0051%	1h	$6.8M	$127.7M	40x	as long as short
Injective BTC/USDC PERP	−0.0036%	1h	$322K	$27.0M	52x	as long as short
01 Exchange BTCUSD	−0.0024%	1h	$314K	$2.1M	50x	as long as short
Bitget BTCUSDT	−0.0014%	8h	$2.93B	$3.94B	150x	as long as short
BingX BTC-USDTlong	−0.0013%	8h	—	$1.17B	—

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
HTX BTC-USDT	−0.0012%	8h	$2.28B	$720.8M	200x	as long as short
SoDEX BTC-USD	−0.0004%	1h	$61.1M	$233.2M	40x	as long as short
dYdX BTC-USD	0.0000%	1h	$16.4M	$13.0M	50x	as long as short
Kalshi KXBTCPERP	0.0000%	8h	$9.0M	$444.7M	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
Aftermath Perps BTCUSD	+0.0010%	1h	$83K	$137K	20x	as long as short
Backpack BTC_USDC_PERP	+0.0029%	1h	$39.8M	$103.0M	75x	as long as short
Phemex BTCUSDT	+0.0038%	8h	$164.8M	$350.8M	150x	as long as short
Popdex BTCUSDT	+0.0048%	1h	$8.4M	$36.4M	100x	as long as short
Aster BTCUSDT	+0.0055%	8h	$490.0M	$865.7M	200x	as long as short
Nado BTC-PERP	+0.0071%	1h	$22.9M	$203.6M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0076%	8h	$2.54B	$9.84B	100x	as long as short
Bullet BTC-USD	+0.0077%	1h	$229K	$3.3M	20x	as long as short
KuCoin XBTUSDTM	+0.0080%	8h	$802.6M	$543.7M	125x	as long as short
RISEx BTC/USDC	+0.0090%	1h	$8.3M	$34.7M	25x	as long as short
Lighter BTC	+0.0096%	1h	$188.0M	$768.4M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$25.0M	$121.1M	50x	as long as short
Aevo BTC-PERP	+0.0096%	1h	$2.4M	$1.7M	20x	as long as short
SunX BTC-USDT	+0.0097%	8h	$3.3M	$5.0M	100x	as long as short
Paradex BTC-USD-PERP	+0.0098%	8h	$4.3M	$6.5M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$231K	$4.5M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.4M	$285.8M	50x	as long as short
Binance BTCUSDT	+0.0100%	8h	$9.51B	$17.75B	150x	as long as short
Bybit BTCUSDT	+0.0100%	8h	$5.04B	$7.09B	150x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$3.9M	$14.8M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	$6.3M	$72.1M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	$532.2M	$82.1M	40x	as long as short
MEXC BTC_USDT	+0.0100%	8h	$5.05B	$4.28B	500x	as long as short
Variational Omni BTC	+0.0100%	8h	$170.9M	$439.0M	—	as long as short
StandX BTC-USD	+0.0100%	1h	$30.4M	$248.7M	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	$10.7M	$9.7M	50x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.2M	$6.3M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	$142K	$354K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	$26.1M	$49.8M	15x	as long as short
Extended BTC-USD	+0.0104%	1h	$47.1M	$172.5M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$77.5M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0120%	1h	$140.0M	$5.85B	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0123%	1h	$185.4M	$689.0M	100x	as long as short
Phoenix BTC	+0.0126%	1h	$1.5M	$10.3M	40x	as long as short
Hyperliquid BTCshort	+0.0187%	1h	$3.87B	$3.76B	40x
GMX BTC/USD [WBTC.b-USDC]	L +0.0189% / S −0.0194%	1h	$12.9M	—	200x	as long as short
BloFin BTC-USDT	+0.0220%	8h	$419.1M	$399.7M	150x	as long as short
Hibachi BTC/USDT-P	+0.0224%	1h	$610K	$7.5M	30x	as long as short
Deribit BTC-PERPETUAL	+0.0394%	1h	$828.2M	$847.5M	50x	as long as short