BTC

Alert

Funding spread now, next payment 14:00 UTC−0.0004%/8h

next payment, per $10,000−$0.01paid, last 24h+0.096%paid, last 7 days+0.217%to open and close $10k−$128

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin BTC-PERP	84,915.1	0.0100	pay 0.0013% / 1h	29m 14s	$142K	$356K	40x
Short	Lighter RH BTC	84,930.1	0.0096	get 0.0012% / 1h	29m 14s	$25.0M	$122.7M	50x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BluefinbpFee Lighter RHbpOrdersRate

Funding earned: −$0.84
Slippage, 4 orders: −$121.48
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$129.32
Break-even: never at this rate

Slippage from Bluefin: live order book, 31 min ago; Lighter RH: live order book, 6 min ago.

Price risk

price view

Price gap now: +0.018%
Avg gap 7d: +0.051%

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, 31 min ago	60.46 bp	64.0 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 6 min ago	0.28 bp	0.3 bp $0	0.7 bp −$7	3.0 bp −$302	23.6 bp −$11.8K

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Perpl BTC	−0.0447%	43m	$423K	$31.8M	6.7x	as long as short
ApeX Omni BTCUSDT	−0.0174%	1h	$136.7M	$314.0M	100x	as long as short
edgeX BTCUSDC	−0.0113%	4h	$283.0M	$736.9M	100x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$8K	$2K	50x	as long as short
Gate BTC_USDT	−0.0051%	8h	$6.01B	$7.86B	200x	as long as short
Reya BTCRUSDPERP	−0.0046%	1h	$6.8M	$129.7M	40x	as long as short
01 Exchange BTCUSD	−0.0040%	1h	$313K	$2.1M	50x	as long as short
Injective BTC/USDC PERP	−0.0036%	1h	$322K	$27.0M	52x	as long as short
Bitget BTCUSDT	−0.0016%	8h	$2.92B	$3.98B	150x	as long as short
BingX BTC-USDC	−0.0015%	8h	—	$15.1M	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
HTX BTC-USDT	−0.0005%	8h	$2.28B	$733.8M	200x	as long as short
Aftermath Perps BTCUSD	−0.0002%	1h	$83K	$136K	20x	as long as short
SoDEX BTC-USD	0.0000%	1h	$60.8M	$233.4M	40x	as long as short
dYdX BTC-USD	0.0000%	1h	$16.0M	$13.4M	50x	as long as short
Kalshi KXBTCPERP	0.0000%	8h	$8.6M	$451.9M	6.4x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	$36.3M	—	200x	as long as short
Phemex BTCUSDT	+0.0036%	8h	$161.9M	$354.5M	150x	as long as short
Aster BTCUSDT	+0.0046%	8h	$488.9M	$873.5M	200x	as long as short
Backpack BTC_USDC_PERP	+0.0048%	1h	$39.6M	$102.8M	75x	as long as short
Popdex BTCUSDT	+0.0064%	1h	$8.4M	$36.6M	100x	as long as short
OKX BTC-USDT-SWAP	+0.0071%	8h	$2.54B	$9.94B	100x	as long as short
Nado BTC-PERP	+0.0074%	1h	$22.7M	$205.5M	50x	as long as short
KuCoin XBTUSDTM	+0.0076%	8h	$803.2M	$548.0M	125x	as long as short
Bullet BTC-USD	+0.0082%	1h	$226K	$3.3M	20x	as long as short
StandX BTC-USD	+0.0088%	1h	$30.3M	$249.3M	40x	as long as short
RISEx BTC/USDC	+0.0090%	1h	$8.4M	$35.7M	25x	as long as short
Lighter BTC	+0.0096%	1h	$188.2M	$777.6M	50x	as long as short
Lighter RH BTCshort	+0.0096%	1h	$25.0M	$122.7M	50x
Aevo BTC-PERP	+0.0096%	1h	$2.4M	$1.7M	20x	as long as short
Paradex BTC-USD-PERP	+0.0097%	8h	$4.3M	$6.5M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$224K	$4.5M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.6M	$293.1M	50x	as long as short
Binance BTCUSDT	+0.0100%	8h	$9.48B	$17.98B	150x	as long as short
Bybit BTCUSDT	+0.0100%	8h	$5.05B	$7.18B	150x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$3.9M	$14.8M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	$6.8M	$73.0M	40x	as long as short
MEXC BTC_USDT	+0.0100%	8h	$5.05B	$4.33B	500x	as long as short
Variational Omni BTC	+0.0100%	8h	$170.7M	$448.6M	—	as long as short
Vest BTC-PERP	+0.0100%	1h	—	$12.4M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	$10.7M	$9.8M	50x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.3M	$6.4M	100x	as long as short
Bluefin BTC-PERPlong	+0.0100%	1h	$142K	$356K	40x
Derive BTC-PERP	+0.0100%	1h	$26.0M	$49.7M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$5.0M	100x	as long as short
Bulk BTC-USD	+0.0100%	1h	$531.7M	$81.4M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	$46.9M	$174.0M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$79.7M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0120%	1h	$139.7M	$5.87B	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0124%	1h	$185.6M	$701.2M	100x	as long as short
Phoenix BTC	+0.0126%	1h	$1.5M	$10.3M	40x	as long as short
Hyperliquid BTC	+0.0139%	1h	$3.82B	$3.80B	40x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0191% / S −0.0196%	1h	$12.8M	—	200x	as long as short
BloFin BTC-USDT	+0.0240%	8h	$418.9M	$404.6M	150x	as long as short
Hibachi BTC/USDT-P	+0.0240%	1h	$640K	$7.5M	30x	as long as short
Deribit BTC-PERPETUAL	+0.0360%	1h	$829.4M	$854.3M	50x	as long as short