BTC

Alert

Funding spread now, next payment 15:00 UTC+0.0519%/8h

paid, last 24h+0.024%paid, last 7 days+0.083%to open and close $10k−$21

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.083% in total (about 4.3% 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	Bitget BTCUSDT	85,415.3	−0.0012	get 0.0012% / 8h	1h 59m	$2.96B	$4.23B	150x
Short	Hyperliquid BTC	85,494	0.0507	get 0.0063% / 1h	59m 40s	$3.84B	$4.02B	40x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee HyperliquidbpOrdersRate

Funding earned: $108.9
Slippage, 4 orders: −$0.13
Fee Bitget: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $87.77
Break-even: 1.4 days

Slippage from Bitget: live order book, 6 min ago; Hyperliquid: live order book, 6 min ago.

Price risk

price view

Price gap now: +0.092%
Avg gap 7d: +0.035%

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 Bitget live order book, 6 min ago	0.01 bp	6.0 bp −$6	6.0 bp −$60	6.7 bp −$668	8.2 bp −$4,084
Sell Hyperliquid live order book, 6 min ago	0.06 bp	4.6 bp −$5	4.6 bp −$46	4.8 bp −$475	doesn't fit

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Perpl BTC	−0.0447%	43m	$438K	$31.9M	6.7x	as long as short
edgeX BTCUSDC	−0.0093%	4h	$283.6M	$775.9M	100x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$8K	$3K	50x	as long as short
ApeX Omni BTCUSDT	−0.0044%	1h	$137.7M	$315.4M	100x	as long as short
Reya BTCRUSDPERP	−0.0037%	1h	$6.8M	$134.4M	40x	as long as short
Injective BTC/USDC PERP	−0.0036%	1h	$307K	$27.0M	52x	as long as short
Aftermath Perps BTCUSD	−0.0035%	1h	$85K	$143K	20x	as long as short
01 Exchange BTCUSD	−0.0032%	1h	$279K	$2.3M	50x	as long as short
Phemex BTCUSDT	−0.0027%	8h	$160.3M	$368.6M	150x	as long as short
Gate BTC_USDT	−0.0025%	8h	$6.02B	$8.30B	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget BTCUSDTlong	−0.0012%	8h	$2.96B	$4.23B	150x
BingX BTC-USDC	−0.0012%	8h	—	$14.4M	—	as long as short
dYdX BTC-USD	0.0000%	1h	$16.0M	$13.6M	50x	as long as short
Kalshi KXBTCPERP	0.0000%	8h	$8.1M	$484.2M	6.4x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	$36.5M	—	200x	as long as short
SoDEX BTC-USD	+0.0014%	1h	$61.2M	$234.4M	40x	as long as short
HTX BTC-USDT	+0.0017%	8h	$2.29B	$778.1M	200x	as long as short
Aster BTCUSDT	+0.0046%	8h	$482.3M	$963.4M	200x	as long as short
OKX BTC-USDT-SWAP	+0.0063%	8h	$2.56B	$10.59B	100x	as long as short
KuCoin XBTUSDTM	+0.0068%	8h	$793.8M	$579.1M	125x	as long as short
Nado BTC-PERP	+0.0071%	1h	$24.5M	$219.5M	50x	as long as short
Popdex BTCUSDT	+0.0080%	1h	$8.4M	$39.8M	100x	as long as short
Backpack BTC_USDC_PERP	+0.0081%	1h	$40.9M	$100.1M	75x	as long as short
Bullet BTC-USD	+0.0083%	1h	$252K	$3.3M	20x	as long as short
Paradex BTC-USD-PERP	+0.0090%	8h	$4.4M	$6.7M	50x	as long as short
Lighter BTC	+0.0096%	1h	$182.7M	$835.6M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$25.1M	$127.8M	50x	as long as short
Aevo BTC-PERP	+0.0096%	1h	$2.4M	$1.7M	20x	as long as short
MEXC BTC_USDT	+0.0099%	8h	$4.95B	$4.56B	500x	as long as short
Binance BTCUSDT	+0.0099%	8h	$9.51B	$19.15B	150x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$197K	$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	$5.05B	$7.68B	150x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$3.9M	$15.6M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	$6.2M	$76.8M	40x	as long as short
Variational Omni BTC	+0.0100%	8h	$173.2M	$463.3M	—	as long as short
StandX BTC-USD	+0.0100%	1h	$30.6M	$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
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
Derive BTC-PERP	+0.0100%	1h	$27.6M	$50.8M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$5.2M	100x	as long as short
Bulk BTC-USD	+0.0100%	1h	$535.7M	$60.2M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	$47.3M	$198.0M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$85.1M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0120%	1h	$142.9M	$6.07B	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0123%	1h	$187.1M	$740.6M	100x	as long as short
Phoenix BTC	+0.0126%	1h	$1.8M	$10.3M	40x	as long as short
RISEx BTC/USDC	+0.0178%	1h	$8.5M	$36.5M	25x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0194% / S −0.0201%	1h	$12.9M	—	200x	as long as short
BloFin BTC-USDT	+0.0220%	8h	$419.4M	$476.6M	150x	as long as short
Hibachi BTC/USDT-P	+0.0256%	1h	$596K	$7.4M	30x	as long as short
Deribit BTC-PERPETUAL	+0.0408%	1h	$840.1M	$902.7M	50x	as long as short
Hyperliquid BTCshort	+0.0507%	1h	$3.84B	$4.02B	40x