BTC

Alert

Funding spread now, next payment 16:00 UTC−0.0050%/8h

paid, last 24h+0.090%paid, last 7 days+0.160%to open and close $10k−$23

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin BTC-PERP	86,258.1	0.0100	pay 0.0013% / 1h	46m 04s	$144K	$405K	40x
Short	Aster BTCUSDT	86,258.5	0.0050	get 0.0050% / 8h	46m 04s	$490.1M	$1.11B	200x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BluefinbpFee AsterbpOrdersRate

Funding earned: −$10.52
Slippage, 4 orders: −$7.54
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$33.06
Break-even: never at this rate

Slippage from Bluefin: live order book, 5 min ago; Aster: live order book, 5 min ago.

Price risk

price view

Price gap now: 0.000%
Avg gap 7d: +0.028%

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 Bluefin live order book, 5 min ago	0.99 bp	7.1 bp −$7	12.0 bp −$120	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	0.12 bp	4.1 bp −$4	4.6 bp −$46	5.6 bp −$562	8.4 bp −$4,182

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Perpl BTC	−0.0223%	43m	$443K	$30.1M	6.7x	as long as short
edgeX BTCUSDC	−0.0091%	4h	$278.7M	$860.1M	100x	as long as short
01 Exchange BTCUSD	−0.0088%	1h	$283K	$2.4M	50x	as long as short
Phoenix BTC	−0.0086%	1h	$2.0M	$10.8M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$3K	50x	as long as short
Aftermath Perps BTCUSD	−0.0077%	1h	$87K	$154K	20x	as long as short
Reya BTCRUSDPERP	−0.0024%	1h	$6.8M	$137.6M	40x	as long as short
Phemex BTCUSDT	−0.0021%	8h	$157.8M	$397.0M	150x	as long as short
Gate BTC_USDT	−0.0009%	8h	$6.16B	$9.22B	200x	as long as short
Bitget BTCUSDT	−0.0005%	8h	$2.96B	$4.62B	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BingX BTC-USDT	−0.0005%	8h	—	$1.37B	—	as long as short
dYdX BTC-USD	0.0000%	1h	$16.9M	$16.4M	50x	as long as short
BloFin BTC-USDT	0.0000%	8h	$427.3M	$537.1M	150x	as long as short
ApeX Omni BTCUSDT	+0.0002%	1h	$139.3M	$318.5M	100x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	$37.0M	—	200x	as long as short
OKX BTC-USDT-SWAP	+0.0034%	8h	$2.63B	$11.49B	100x	as long as short
Aster BTCUSDTshort	+0.0050%	8h	$490.1M	$1.11B	200x
KuCoin XBTUSDTM	+0.0050%	8h	$792.8M	$614.3M	125x	as long as short
HTX BTC-USDT	+0.0057%	8h	$2.31B	$824.5M	200x	as long as short
SoDEX BTC-USD	+0.0065%	1h	$61.2M	$283.3M	40x	as long as short
Kraken Futures PF_XBTUSD	+0.0071%	1h	$184.0M	$802.5M	100x	as long as short
Binance BTCUSDT	+0.0079%	8h	$9.61B	$21.31B	150x	as long as short
MEXC BTC_USDT	+0.0079%	8h	$5.03B	$4.98B	500x	as long as short
Aevo BTC-PERP	+0.0080%	1h	$2.4M	$1.6M	20x	as long as short
Paradex BTC-USD-PERP	+0.0082%	8h	$4.4M	$6.6M	50x	as long as short
Lighter BTC	+0.0096%	1h	$172.0M	$909.9M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$25.0M	$136.4M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	$8.5M	$44.7M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$191K	$5.4M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.6M	$230.1M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$37.2M	$342.8M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	$5.15B	$8.38B	150x	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	$5.4M	$81.6M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$39.4M	$103.5M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	$172.0M	$502.1M	—	as long as short
StandX BTC-USD	+0.0100%	1h	$30.7M	$238.8M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	—	$12.6M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	$11.0M	$11.5M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	$244K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.4M	$7.1M	100x	as long as short
Bluefin BTC-PERPlong	+0.0100%	1h	$144K	$405K	40x
Derive BTC-PERP	+0.0100%	1h	$30.3M	$58.1M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.4M	$5.8M	100x	as long as short
Bulk BTC-USD	+0.0100%	1h	$547.8M	$93.7M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	$48.3M	$207.9M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$87.9M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	$150.7M	$6.25B	50x	as long as short
Injective BTC/USDC PERP	+0.0108%	1h	$305K	$27.0M	52x	as long as short
Kalshi KXBTCPERP	+0.0110%	8h	$10.2M	$555.1M	6.4x	as long as short
RISEx BTC/USDC	+0.0128%	1h	$8.5M	$38.6M	25x	as long as short
Hibachi BTC/USDT-P	+0.0152%	1h	$627K	$7.3M	30x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0198% / S −0.0176%	1h	$12.6M	—	200x	as long as short
Deribit BTC-PERPETUAL	+0.0292%	1h	$883.4M	$1.03B	50x	as long as short
Hyperliquid BTC	+0.0304%	1h	$3.93B	$4.32B	40x	as long as short