BTC

Alert

Funding spread now, next payment 15:00 UTC+0.1040%/8h

next payment, per $10,000+$1.30paid, last 24h+0.094%paid, last 3 days+0.105%to open and close $10k−$26

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.105% in total (about 13.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.30 per $10,000. 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	Bluefin BTC-PERP	85,396.3	−0.0962	get 0.0120% / 1h	38m 14s	$142K	$400K	40x
Short	Bullet BTC-USD	85,354.2	0.0078	get 0.0010% / 1h	38m 14s	$248K	$3.3M	20x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BluefinbpFee BulletbpOrdersRate

Funding earned: $218.36
Slippage, 4 orders: −$10.82
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee Bullet: 4 bp × 2 orders: −$8
Net: $192.54
Break-even: 0.8 days

Slippage from Bluefin: live order book, 17 min ago; Bullet: live order book, 2 min ago.

Price risk

price view

Price gap now: −0.049%
Avg gap 7d: +0.032%

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, 17 min ago	2.50 bp	7.7 bp −$8	12.9 bp −$129	doesn't fit	doesn't fit
Sell Bullet live order book, 2 min ago	0.18 bp	4.8 bp −$5	8.7 bp −$87	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
Bluefin BTC-PERPlong	−0.0962%	1h	$142K	$400K	40x
Perpl BTC	−0.0447%	43m	$400K	$31.1M	6.7x	as long as short
ApeX Omni BTCUSDT	−0.0159%	1h	$138.1M	$316.9M	100x	as long as short
edgeX BTCUSDC	−0.0114%	4h	$284.1M	$800.7M	100x	as long as short
01 Exchange BTCUSD	−0.0088%	1h	$279K	$2.3M	50x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$8K	$3K	50x	as long as short
Aftermath Perps BTCUSD	−0.0061%	1h	$83K	$140K	20x	as long as short
Reya BTCRUSDPERP	−0.0032%	1h	$6.8M	$137.5M	40x	as long as short
Gate BTC_USDT	−0.0016%	8h	$6.03B	$8.56B	200x	as long as short
Bitget BTCUSDT	−0.0010%	8h	$2.96B	$4.28B	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BingX BTC-USDC	−0.0010%	8h	—	$14.4M	—	as long as short
Phemex BTCUSDT	−0.0005%	8h	$157.7M	$374.8M	150x	as long as short
dYdX BTC-USD	0.0000%	1h	$16.5M	$14.3M	50x	as long as short
Kalshi KXBTCPERP	0.0000%	8h	$8.7M	$504.8M	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
Phoenix BTC	+0.0015%	1h	$1.6M	$10.8M	40x	as long as short
SoDEX BTC-USD	+0.0019%	1h	$61.2M	$234.6M	40x	as long as short
HTX BTC-USDT	+0.0034%	8h	$2.29B	$780.8M	200x	as long as short
Aster BTCUSDT	+0.0037%	8h	$493.8M	$1.02B	200x	as long as short
Kraken Futures PF_XBTUSD	+0.0042%	1h	$187.5M	$752.6M	100x	as long as short
OKX BTC-USDT-SWAP	+0.0053%	8h	$2.56B	$10.69B	100x	as long as short
KuCoin XBTUSDTM	+0.0064%	8h	$802.1M	$578.0M	125x	as long as short
Nado BTC-PERP	+0.0074%	1h	$23.9M	$222.0M	50x	as long as short
Bullet BTC-USDshort	+0.0078%	1h	$248K	$3.3M	20x
Derive BTC-PERP	+0.0081%	1h	$28.3M	$55.9M	15x	as long as short
Paradex BTC-USD-PERP	+0.0082%	8h	$4.3M	$6.5M	50x	as long as short
Aevo BTC-PERP	+0.0088%	1h	$2.4M	$1.7M	20x	as long as short
Binance BTCUSDT	+0.0091%	8h	$9.54B	$19.64B	150x	as long as short
MEXC BTC_USDT	+0.0091%	8h	$4.94B	$4.67B	500x	as long as short
Lighter BTC	+0.0096%	1h	$182.2M	$857.1M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$25.5M	$132.3M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	$8.4M	$40.9M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$195K	$5.0M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.5M	$317.3M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	$5.07B	$7.85B	150x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$3.9M	$15.5M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	$6.0M	$77.5M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	$533.0M	$59.2M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$39.3M	$100.7M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	$173.7M	$467.5M	—	as long as short
StandX BTC-USD	+0.0100%	1h	$30.5M	$245.9M	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	$10.6M	50x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.4M	$6.7M	100x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$5.3M	100x	as long as short
Extended BTC-USD	+0.0104%	1h	$47.3M	$200.4M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$85.5M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	$142.8M	$6.13B	50x	as long as short
Hyperliquid BTC	+0.0116%	1h	$3.84B	$4.08B	40x	as long as short
Hibachi BTC/USDT-P	+0.0128%	1h	$592K	$7.4M	30x	as long as short
RISEx BTC/USDC	+0.0178%	1h	$8.8M	$36.7M	25x	as long as short
Injective BTC/USDC PERP	+0.0180%	1h	$306K	$27.0M	52x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0199% / S −0.0205%	1h	$13.4M	—	200x	as long as short
BloFin BTC-USDT	+0.0212%	8h	$421.4M	$482.2M	150x	as long as short
Deribit BTC-PERPETUAL	+0.0446%	1h	$850.5M	$934.5M	50x	as long as short