BTC

Alert

Funding spread now, next payment 17:00 UTC+0.7970%/8h

next payment, per $10,000+$9.96paid, last 24h+0.081%paid, last 3 days+0.096%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.096% in total (about 12.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$9.96 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	85,809.8	−0.8000	get 0.1000% / 1h	37m 50s	$142K	$408K	40x
Short	SoDEX BTC-USD	85,764	−0.0030	pay 0.0004% / 1h	37m 50s	$60.8M	$283.6M	40x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BluefinbpFee SoDEXbpOrdersRate

Funding earned: $1,673.62
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $1,658.62
Break-even: 0.1 days

Slippage unknown: Bluefin: live order book, 8 min ago; SoDEX: live order book, 3 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.053%
Avg gap 7d: +0.020%

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, 8 min ago	949.33 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX live order book, 3 min ago	0.06 bp	4.1 bp −$4	4.1 bp −$41	5.1 bp −$513	46.5 bp −$23.3K

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bluefin BTC-PERPlong	−0.8000%	1h	$142K	$408K	40x
Perpl BTC	−0.0335%	43m	$400K	$28.6M	6.7x	as long as short
ApeX Omni BTCUSDT	−0.0162%	1h	$139.2M	$317.6M	100x	as long as short
Injective BTC/USDC PERP	−0.0137%	1h	$308K	$27.0M	52x	as long as short
Phoenix BTC	−0.0116%	1h	$1.8M	$11.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$4K	50x	as long as short
BloFin BTC-USDT	−0.0075%	8h	$424.4M	$566.9M	150x	as long as short
01 Exchange BTCUSD	−0.0056%	1h	$291K	$2.4M	50x	as long as short
Kraken Futures PF_XBTUSD	−0.0040%	1h	$188.1M	$821.3M	100x	as long as short
SoDEX BTC-USDshort	−0.0030%	1h	$60.8M	$283.6M	40x

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Reya BTCRUSDPERP	−0.0020%	1h	$6.7M	$138.0M	40x	as long as short
BingX BTC-USDC	−0.0015%	8h	—	$14.9M	—	as long as short
Bybit BTCUSDT	−0.0011%	8h	$5.22B	$8.60B	150x	as long as short
Bitget BTCUSDT	−0.0004%	8h	$2.98B	$4.69B	150x	as long as short
dYdX BTC-USD	0.0000%	1h	$17.2M	$17.6M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	$36.7M	—	200x	as long as short
KuCoin XBTUSDTM	+0.0012%	8h	$791.1M	$616.4M	125x	as long as short
Gate BTC_USDT	+0.0015%	8h	$6.08B	$9.40B	200x	as long as short
OKX BTC-USDT-SWAP	+0.0019%	8h	$2.65B	$11.64B	100x	as long as short
Aftermath Perps BTCUSD	+0.0027%	1h	$87K	$150K	20x	as long as short
Aster BTCUSDT	+0.0030%	8h	$487.6M	$1.13B	200x	as long as short
Bulk BTC-USD	+0.0040%	1h	$557.2M	$154.9M	40x	as long as short
Phemex BTCUSDT	+0.0043%	8h	$148.8M	$412.0M	150x	as long as short
Binance BTCUSDT	+0.0044%	8h	$9.49B	$22.06B	150x	as long as short
MEXC BTC_USDT	+0.0045%	8h	$5.10B	$5.19B	500x	as long as short
Aevo BTC-PERP	+0.0048%	1h	$2.4M	$1.4M	20x	as long as short
HTX BTC-USDT	+0.0073%	8h	$2.29B	$844.0M	200x	as long as short
StandX BTC-USD	+0.0078%	1h	$30.6M	$229.8M	40x	as long as short
Extended BTC-USD	+0.0088%	1h	$48.8M	$206.8M	50x	as long as short
Variational Omni BTC	+0.0089%	8h	$171.7M	$506.8M	—	as long as short
Paradex BTC-USD-PERP	+0.0093%	8h	$4.4M	$6.7M	50x	as long as short
Bullet BTC-USD	+0.0093%	1h	$234K	$3.3M	20x	as long as short
Lighter BTC	+0.0096%	1h	$171.4M	$916.5M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.5M	$133.9M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	$8.7M	$46.2M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$199K	$5.6M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.5M	$228.1M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.6M	$372.2M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$3.9M	$16.2M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	$6.4M	$84.1M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$37.4M	$116.4M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	$278.0M	$888.3M	100x	as long as short
Vest BTC-PERP	+0.0100%	1h	—	$11.9M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	$11.0M	$11.6M	50x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.4M	$7.3M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	$30.2M	$59.3M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$6.1M	100x	as long as short
Kalshi KXBTCPERP	+0.0100%	8h	$13.6M	$601.2M	6.4x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$88.7M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	$128.8M	$6.19B	50x	as long as short
Hyperliquid BTC	+0.0128%	1h	$3.90B	$4.42B	40x	as long as short
RISEx BTC/USDC	+0.0132%	1h	$8.7M	$38.0M	25x	as long as short
Hibachi BTC/USDT-P	+0.0184%	1h	$717K	$7.4M	30x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0198% / S −0.0175%	1h	$12.4M	—	200x	as long as short
Deribit BTC-PERPETUAL	+0.0198%	1h	$911.2M	$1.12B	50x	as long as short