BTC

Alert

Funding spread now, next payment 16:00 UTC−0.0100%/8h

next payment, per $10,000−$0.13paid, last 24h+0.060%paid, last 7 days+0.064%to open and close $10k−$33

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin BTC-PERP	86,011.2	0.0100	pay 0.0013% / 1h	35m 38s	$144K	$406K	40x
Short	dYdX BTC-USD	85,945.8	0	get 0.0000% / 1h	35m 38s	$16.8M	$16.6M	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BluefinbpFee dYdXbpOrdersRate

Funding earned: −$21
Slippage, 4 orders: −$15.58
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$53.58
Break-even: never at this rate

Slippage from Bluefin: live order book, 15 min ago; dYdX: live order book, 5 min ago.

Price risk

price view

Price gap now: −0.076%
Avg gap 7d: +0.037%

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, 15 min ago	0.99 bp	7.1 bp −$7	12.0 bp −$120	doesn't fit	doesn't fit
Sell dYdX live order book, 5 min ago	0.64 bp	10.8 bp −$11	15.4 bp −$154	23.2 bp −$2,320	26.6 bp −$13.3K

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Perpl BTC	−0.0223%	43m	$450K	$30.1M	6.7x	as long as short
BloFin BTC-USDT	−0.0127%	8h	$428.8M	$537.3M	150x	as long as short
edgeX BTCUSDC	−0.0110%	4h	$278.7M	$865.4M	100x	as long as short
ApeX Omni BTCUSDT	−0.0090%	1h	$139.0M	$318.5M	100x	as long as short
Phoenix BTC	−0.0086%	1h	$1.8M	$10.8M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$3K	50x	as long as short
01 Exchange BTCUSD	−0.0072%	1h	$288K	$2.4M	50x	as long as short
Aftermath Perps BTCUSD	−0.0057%	1h	$87K	$155K	20x	as long as short
Reya BTCRUSDPERP	−0.0023%	1h	$6.7M	$137.6M	40x	as long as short
Phemex BTCUSDT	−0.0015%	8h	$158.1M	$400.6M	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	$9.34B	200x	as long as short
SoDEX BTC-USD	−0.0008%	1h	$61.0M	$283.4M	40x	as long as short
Bitget BTCUSDT	−0.0005%	8h	$2.96B	$4.65B	150x	as long as short
BingX BTC-USDT	−0.0005%	8h	—	$1.39B	—	as long as short
dYdX BTC-USDshort	0.0000%	1h	$16.8M	$16.6M	50x
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	$36.8M	—	200x	as long as short
OKX BTC-USDT-SWAP	+0.0031%	8h	$2.63B	$11.54B	100x	as long as short
Aster BTCUSDT	+0.0042%	8h	$487.1M	$1.11B	200x	as long as short
KuCoin XBTUSDTM	+0.0042%	8h	$790.0M	$615.2M	125x	as long as short
HTX BTC-USDT	+0.0061%	8h	$2.29B	$843.4M	200x	as long as short
Binance BTCUSDT	+0.0070%	8h	$9.54B	$21.55B	150x	as long as short
Kraken Futures PF_XBTUSD	+0.0071%	1h	$186.0M	$812.3M	100x	as long as short
MEXC BTC_USDT	+0.0071%	8h	$5.07B	$5.05B	500x	as long as short
Aevo BTC-PERP	+0.0072%	1h	$2.4M	$1.6M	20x	as long as short
Paradex BTC-USD-PERP	+0.0086%	8h	$4.4M	$6.6M	50x	as long as short
Lighter BTC	+0.0096%	1h	$172.3M	$922.7M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.9M	$137.6M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	$8.4M	$45.0M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$194K	$5.4M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.7M	$229.6M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.5M	$344.9M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	$5.15B	$8.45B	150x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$4.0M	$16.3M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	$5.8M	$82.4M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$39.2M	$105.4M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	$170.5M	$507.8M	—	as long as short
StandX BTC-USD	+0.0100%	1h	$30.6M	$235.1M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	—	$12.4M	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	$246K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.4M	$7.2M	100x	as long as short
Bluefin BTC-PERPlong	+0.0100%	1h	$144K	$406K	40x
Derive BTC-PERP	+0.0100%	1h	$30.2M	$59.1M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$6.0M	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	$209.3M	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	+0.0104%	1h	$150.3M	$6.24B	50x	as long as short
Kalshi KXBTCPERP	+0.0108%	8h	$11.6M	$565.1M	6.4x	as long as short
Injective BTC/USDC PERP	+0.0108%	1h	$305K	$27.0M	52x	as long as short
RISEx BTC/USDC	+0.0128%	1h	$8.4M	$38.8M	25x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0198% / S −0.0176%	1h	$12.5M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0200%	1h	$633K	$7.3M	30x	as long as short
Hyperliquid BTC	+0.0241%	1h	$3.91B	$4.34B	40x	as long as short
Deribit BTC-PERPETUAL	+0.0242%	1h	$891.9M	$1.06B	50x	as long as short