BTC

Alert

Funding spread now, next payment 15:00 UTC+0.1396%/8h

next payment, per $10,000+$1.74paid, last 24h+0.072%paid, last 7 days+0.175%to open and close $10k−$31

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.175% in total (about 9.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.74 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	85,410.6	−0.1215	get 0.0152% / 1h	40m 55s	$142K	$400K	40x
Short	Injective BTC/USDC PERP	85,406	0.0180	get 0.0023% / 1h	40m 55s	$306K	$27.0M	52x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BluefinbpFee InjectivebpOrdersRate

Funding earned: $293.12
Slippage, 4 orders: −$24.47
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $261.63
Break-even: 0.8 days

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

Price risk

price view

Price gap now: −0.005%
Avg gap 7d: +0.046%

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	2.50 bp	7.7 bp −$8	12.9 bp −$129	doesn't fit	doesn't fit
Sell Injective live order book, 5 min ago	5.86 bp	8.3 bp −$8	22.2 bp −$222	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	−0.1215%	1h	$142K	$400K	40x
Perpl BTC	−0.0447%	43m	$401K	$31.2M	6.7x	as long as short
ApeX Omni BTCUSDT	−0.0159%	1h	$138.1M	$316.9M	100x	as long as short
edgeX BTCUSDC	−0.0118%	4h	$282.4M	$796.3M	100x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$8K	$3K	50x	as long as short
01 Exchange BTCUSD	−0.0072%	1h	$279K	$2.3M	50x	as long as short
Aftermath Perps BTCUSD	−0.0060%	1h	$83K	$140K	20x	as long as short
Reya BTCRUSDPERP	−0.0033%	1h	$6.8M	$137.4M	40x	as long as short
Gate BTC_USDT	−0.0018%	8h	$6.04B	$8.54B	200x	as long as short
BingX BTC-USDC	−0.0011%	8h	—	$14.4M	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex BTCUSDT	−0.0011%	8h	$157.4M	$374.3M	150x	as long as short
Bitget BTCUSDT	−0.0010%	8h	$2.96B	$4.28B	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	$503.3M	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	+0.0030%	1h	$61.2M	$234.5M	40x	as long as short
HTX BTC-USDT	+0.0032%	8h	$2.29B	$781.2M	200x	as long as short
Derive BTC-PERP	+0.0035%	1h	$28.2M	$54.4M	15x	as long as short
Aster BTCUSDT	+0.0038%	8h	$493.9M	$1.02B	200x	as long as short
Kraken Futures PF_XBTUSD	+0.0042%	1h	$187.9M	$751.0M	100x	as long as short
OKX BTC-USDT-SWAP	+0.0054%	8h	$2.56B	$10.68B	100x	as long as short
KuCoin XBTUSDTM	+0.0064%	8h	$802.2M	$577.7M	125x	as long as short
Nado BTC-PERP	+0.0076%	1h	$24.0M	$222.0M	50x	as long as short
Paradex BTC-USD-PERP	+0.0082%	8h	$4.3M	$6.5M	50x	as long as short
MEXC BTC_USDT	+0.0092%	8h	$4.92B	$4.66B	500x	as long as short
Bullet BTC-USD	+0.0092%	1h	$248K	$3.3M	20x	as long as short
Binance BTCUSDT	+0.0092%	8h	$9.54B	$19.63B	150x	as long as short
Lighter BTC	+0.0096%	1h	$182.0M	$854.6M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$25.5M	$132.1M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	$8.4M	$40.8M	100x	as long as short
Aevo BTC-PERP	+0.0096%	1h	$2.4M	$1.7M	20x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$196K	$5.0M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.7M	$312.3M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	$5.06B	$7.83B	150x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$3.9M	$15.6M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	$6.1M	$77.4M	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	$100.8M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	$172.0M	$467.0M	—	as long as short
StandX BTC-USD	+0.0100%	1h	$30.6M	$246.1M	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	$142.1M	$6.13B	50x	as long as short
Hyperliquid BTC	+0.0119%	1h	$3.85B	$4.10B	40x	as long as short
Hibachi BTC/USDT-P	+0.0144%	1h	$592K	$7.4M	30x	as long as short
RISEx BTC/USDC	+0.0178%	1h	$8.7M	$36.6M	25x	as long as short
Injective BTC/USDC PERPshort	+0.0180%	1h	$306K	$27.0M	52x
GMX BTC/USD [WBTC.b-USDC]	L +0.0198% / S −0.0210%	1h	$13.1M	—	200x	as long as short
BloFin BTC-USDT	+0.0212%	8h	$421.2M	$482.1M	150x	as long as short
Deribit BTC-PERPETUAL	+0.0405%	1h	$850.7M	$928.0M	50x	as long as short