BTC

Alert

Funding spread now, next payment 16:00 UTC0.0000%/8h

next payment, per $10,000+$0.00paid, last 24h+0.103%paid, last 7 days+0.143%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin BTC-PERP	86,112.1	0.0100	pay 0.0013% / 1h	42m 05s	$144K	$406K	40x
Short	Derive BTC-PERP	86,111	0.0100	get 0.0013% / 1h	42m 05s	$30.2M	$58.1M	15x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BluefinbpFee DerivebpOrdersRate

Funding earned: $0
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee Derive: 3 bp × 2 orders: −$6
Net: −$13
Break-even: never at this rate

Slippage unknown: Bluefin: live order book, 9 min ago; Derive: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.001%
Avg gap 7d: +0.025%

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, 9 min ago	0.99 bp	7.1 bp −$7	12.0 bp −$120	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Perpl BTC	−0.0223%	43m	$462K	$30.0M	6.7x	as long as short
ApeX Omni BTCUSDT	−0.0118%	1h	$139.1M	$318.6M	100x	as long as short
edgeX BTCUSDC	−0.0091%	4h	$278.6M	$864.2M	100x	as long as short
Phoenix BTC	−0.0086%	1h	$2.0M	$10.8M	40x	as long as short
BloFin BTC-USDT	−0.0081%	8h	$427.3M	$537.7M	150x	as long as short
01 Exchange BTCUSD	−0.0080%	1h	$287K	$2.4M	50x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$3K	50x	as long as short
Aftermath Perps BTCUSD	−0.0067%	1h	$87K	$155K	20x	as long as short
Reya BTCRUSDPERP	−0.0023%	1h	$6.7M	$137.6M	40x	as long as short
Phemex BTCUSDT	−0.0017%	8h	$157.7M	$398.3M	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate BTC_USDT	−0.0013%	8h	$6.14B	$9.27B	200x	as long as short
Bitget BTCUSDT	−0.0005%	8h	$2.96B	$4.63B	150x	as long as short
BingX BTC-USDC	−0.0005%	8h	—	$14.8M	—	as long as short
dYdX BTC-USD	0.0000%	1h	$16.9M	$16.4M	50x	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	+0.0029%	1h	$61.0M	$283.4M	40x	as long as short
OKX BTC-USDT-SWAP	+0.0032%	8h	$2.63B	$11.50B	100x	as long as short
KuCoin XBTUSDTM	+0.0047%	8h	$792.8M	$613.3M	125x	as long as short
Aster BTCUSDT	+0.0048%	8h	$488.7M	$1.11B	200x	as long as short
HTX BTC-USDT	+0.0060%	8h	$2.30B	$835.8M	200x	as long as short
Kraken Futures PF_XBTUSD	+0.0071%	1h	$185.1M	$807.7M	100x	as long as short
Binance BTCUSDT	+0.0077%	8h	$9.60B	$21.42B	150x	as long as short
MEXC BTC_USDT	+0.0078%	8h	$5.08B	$5.00B	500x	as long as short
Aevo BTC-PERP	+0.0080%	1h	$2.4M	$1.6M	20x	as long as short
Paradex BTC-USD-PERP	+0.0084%	8h	$4.4M	$6.6M	50x	as long as short
Lighter BTC	+0.0096%	1h	$172.6M	$915.8M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.9M	$136.9M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	$8.5M	$44.8M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$199K	$5.4M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.6M	$229.5M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$37.1M	$342.8M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	$5.16B	$8.41B	150x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$3.9M	$16.3M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	$5.5M	$81.7M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$39.2M	$103.9M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	$171.1M	$505.8M	—	as long as short
StandX BTC-USD	+0.0100%	1h	$30.7M	$237.5M	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	$10.9M	$11.6M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	$245K	$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	$406K	40x
Derive BTC-PERPshort	+0.0100%	1h	$30.2M	$58.1M	15x
SunX BTC-USDT	+0.0100%	8h	$3.3M	$5.9M	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	$48.7M	$208.5M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$88.5M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	$150.4M	$6.24B	50x	as long as short
Injective BTC/USDC PERP	+0.0108%	1h	$305K	$27.0M	52x	as long as short
Kalshi KXBTCPERP	+0.0111%	8h	$10.6M	$559.0M	6.4x	as long as short
RISEx BTC/USDC	+0.0128%	1h	$8.5M	$38.7M	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	$12.5M	—	200x	as long as short
Deribit BTC-PERPETUAL	+0.0211%	1h	$886.7M	$1.04B	50x	as long as short
Hyperliquid BTC	+0.0270%	1h	$3.92B	$4.33B	40x	as long as short