BTC

Alert

Funding spread now, next payment 15:00 UTC+0.0109%/8h

paid, last 24h+0.010%paid, last 7 days+0.057%to open and close $10k−$20

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BTCUSDT	85,940.3	−0.0009	get 0.0009% / 8h	1h 06m	$2.95B	$4.51B	150x
Short	Pacifica BTC	86,109.2	0.0100	get 0.0013% / 1h	6m 02s	$36.6M	$331.3M	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee PacificabpOrdersRate

Funding earned: $22.89
Slippage, 4 orders: −$0.46
Fee Bitget: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $2.43
Break-even: 6.3 days

Slippage from Bitget: live order book, 5 min ago; Pacifica: live order book, 5 min ago.

Price risk

price view

Price gap now: +0.197%
Avg gap 7d: +0.021%

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, 5 min ago	0.01 bp	6.0 bp −$6	6.0 bp −$60	7.1 bp −$712	doesn't fit
Sell Pacifica live order book, 5 min ago	0.06 bp	4.4 bp −$4	doesn't fit	doesn't fit	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	−0.0031%	1h	$143K	$403K	40x	as long as short
Phemex BTCUSDT	−0.0028%	8h	$157.7M	$387.4M	150x	as long as short
Reya BTCRUSDPERP	−0.0027%	1h	$6.7M	$137.4M	40x	as long as short
BingX BTC-USDT	−0.0010%	8h	—	$1.36B	—	as long as short
Gate BTC_USDT	−0.0009%	8h	$6.12B	$9.08B	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget BTCUSDTlong	−0.0009%	8h	$2.95B	$4.51B	150x
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	$537.2M	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	$11.23B	100x	as long as short
Kraken Futures PF_XBTUSD	+0.0042%	1h	$185.4M	$790.7M	100x	as long as short
Aster BTCUSDT	+0.0045%	8h	$488.4M	$1.08B	200x	as long as short
HTX BTC-USDT	+0.0048%	8h	$2.30B	$808.7M	200x	as long as short
KuCoin XBTUSDTM	+0.0054%	8h	$784.5M	$601.5M	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 BTCUSDT	+0.0083%	8h	$9.58B	$20.75B	150x	as long as short
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	$179.7M	$900.9M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$25.2M	$138.3M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$188K	$5.2M	50x	as long as short
Pacifica BTCshort	+0.0100%	1h	$36.6M	$331.3M	50x
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	$101.1M	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	$206.3M	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	$148.3M	$6.27B	50x	as long as short
Hyperliquid BTC	+0.0158%	1h	$3.89B	$4.24B	40x	as long as short
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	+0.0370%	1h	$869.3M	$1.00B	50x	as long as short