BTC

Alert

Funding spread now, next payment 00:00 UTC+0.0082%/8h

next payment, per $10,000+$0.82paid, last 24h+0.034%paid, last 7 days−0.008%to open and close $10k−$23

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BTC-USDT	85,790.7	−0.0082	get 0.0082% / 8h	7h 14m	$425.2M	$563.2M	150x
Short	Bybit BTCUSDT	85,836	0	get 0.0000% / 8h	7h 14m	$5.23B	$8.54B	150x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee BybitbpOrdersRate

Funding earned: $17.15
Slippage, 4 orders: −$0.18
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$6.02
Break-even: 9.5 days

Slippage from BloFin: live order book, 6 min ago; Bybit: live order book, 1 min ago.

Price risk

price view

Price gap now: +0.053%
Avg gap 7d: +0.001%

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 BloFin live order book, 6 min ago	0.01 bp	6.1 bp −$6	6.1 bp −$61	6.3 bp −$634	7.8 bp −$3,890
Sell Bybit live order book, 1 min ago	0.01 bp	5.5 bp −$6	5.5 bp −$55	6.0 bp −$601	6.1 bp −$3,054

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bluefin BTC-PERP	−0.7820%	1h	$142K	$367K	40x	as long as short
Perpl BTC	−0.0335%	43m	$409K	$27.7M	6.7x	as long as short
Injective BTC/USDC PERP	−0.0137%	1h	$308K	$27.0M	52x	as long as short
Phoenix BTC	−0.0116%	1h	$1.9M	$11.4M	40x	as long as short
BloFin BTC-USDTlong	−0.0082%	8h	$425.2M	$563.2M	150x
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$4K	50x	as long as short
01 Exchange BTCUSD	−0.0056%	1h	$292K	$2.4M	50x	as long as short
Kraken Futures PF_XBTUSD	−0.0040%	1h	$187.9M	$810.6M	100x	as long as short
ApeX Omni BTCUSDT	−0.0039%	1h	$138.3M	$318.0M	100x	as long as short
SoDEX BTC-USD	−0.0032%	1h	$60.8M	$283.9M	40x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex BTCUSDT	−0.0019%	8h	$147.8M	$413.2M	150x	as long as short
Reya BTCRUSDPERP	−0.0019%	1h	$6.7M	$138.0M	40x	as long as short
Bitget BTCUSDT	−0.0004%	8h	$2.97B	$4.65B	150x	as long as short
BingX BTC-USDC	−0.0004%	8h	—	$14.8M	—	as long as short
Bulk BTC-USD	−0.0004%	1h	$559.1M	$139.9M	40x	as long as short
dYdX BTC-USD	0.0000%	1h	$17.2M	$17.6M	50x	as long as short
Bybit BTCUSDTshort	0.0000%	8h	$5.23B	$8.54B	150x
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	$36.8M	—	200x	as long as short
KuCoin XBTUSDTM	+0.0006%	8h	$792.6M	$609.9M	125x	as long as short
OKX BTC-USDT-SWAP	+0.0014%	8h	$2.65B	$11.52B	100x	as long as short
Extended BTC-USD	+0.0016%	1h	$48.7M	$202.0M	50x	as long as short
Aster BTCUSDT	+0.0025%	8h	$499.4M	$1.11B	200x	as long as short
Gate BTC_USDT	+0.0036%	8h	$6.05B	$9.50B	200x	as long as short
MEXC BTC_USDT	+0.0038%	8h	$5.12B	$5.27B	500x	as long as short
Binance BTCUSDT	+0.0038%	8h	$9.47B	$21.80B	150x	as long as short
Aevo BTC-PERP	+0.0040%	1h	$2.4M	$1.3M	20x	as long as short
Aftermath Perps BTCUSD	+0.0072%	1h	$87K	$149K	20x	as long as short
StandX BTC-USD	+0.0082%	1h	$30.6M	$229.8M	40x	as long as short
Variational Omni BTC	+0.0083%	8h	$171.9M	$506.0M	—	as long as short
Bullet BTC-USD	+0.0089%	1h	$231K	$3.3M	20x	as long as short
Paradex BTC-USD-PERP	+0.0093%	8h	$4.4M	$6.8M	50x	as long as short
Derive BTC-PERP	+0.0096%	1h	$30.3M	$60.1M	15x	as long as short
Lighter BTC	+0.0096%	1h	$171.9M	$935.9M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.7M	$136.1M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	$8.5M	$46.2M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$203K	$5.6M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.5M	$225.8M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.6M	$378.6M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$3.9M	$16.2M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	$6.6M	$84.2M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$37.7M	$119.5M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	$277.5M	$892.7M	100x	as long as short
Vest BTC-PERP	+0.0100%	1h	—	$11.9M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	$11.0M	$11.5M	50x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.4M	$7.3M	100x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$5.9M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	$2.29B	$839.4M	200x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$86.4M	500x	as long as short
Kalshi KXBTCPERP	+0.0104%	8h	$14.5M	$608.5M	6.4x	as long as short
Hibachi BTC/USDT-P	+0.0112%	1h	$733K	$7.4M	30x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	$127.8M	$6.07B	50x	as long as short
Hyperliquid BTC	+0.0117%	1h	$3.89B	$4.37B	40x	as long as short
RISEx BTC/USDC	+0.0132%	1h	$9.1M	$38.6M	25x	as long as short
Deribit BTC-PERPETUAL	+0.0156%	1h	$911.5M	$1.12B	50x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0171% / S −0.0149%	1h	$12.4M	—	200x	as long as short