BTC

Alert

Funding spread now, next payment 19:00 UTC+0.0022%/8h

next payment, per $10,000+$0.03paid, last 24h−0.006%paid, last 3 days+0.055%to open and close $10k−$27

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk BTC-USD	85,890.4	0.0010	pay 0.0001% / 1h	31m 43s	$563.2M	$127.1M	40x
Short	Aevo BTC-PERP	85,899.2	0.0032	get 0.0004% / 1h	31m 43s	$2.4M	$1.3M	20x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BulkbpFee AevobpOrdersRate

Funding earned: $4.69
Slippage, 4 orders: −$3.97
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$22.28
Break-even: 40.2 days

Slippage from Bulk: live order book, 4 min ago; Aevo: live order book, 4 min ago.

Price risk

price view

Price gap now: +0.010%
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 Bulk live order book, 4 min ago	0.01 bp	3.5 bp −$4	3.5 bp −$35	3.5 bp −$351	4.4 bp −$2,194
Sell Aevo live order book, 4 min ago	0.61 bp	10.1 bp −$10	12.3 bp −$123	14.5 bp −$1,451	doesn't fit

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Perpl BTC	−0.0447%	43m	$402K	$26.1M	6.7x	as long as short
Arcus BTC-USD	−0.0299%	1h	$6.7M	$86.2M	40x	as long as short
BloFin BTC-USDT	−0.0089%	8h	$421.9M	$567.7M	150x	as long as short
Phoenix BTC	−0.0082%	1h	$2.0M	$11.0M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$4K	50x	as long as short
01 Exchange BTCUSD	−0.0048%	1h	$311K	$2.4M	50x	as long as short
Kraken Futures PF_XBTUSD	−0.0019%	1h	$189.0M	$818.0M	100x	as long as short
Reya BTCRUSDPERP	−0.0017%	1h	$6.7M	$138.4M	40x	as long as short
KuCoin XBTUSDTM	−0.0007%	8h	$806.7M	$620.5M	125x	as long as short
Injective BTC/USDC PERP	−0.0006%	1h	$309K	$27.0M	52x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
SoDEX BTC-USD	−0.0004%	1h	$60.9M	$285.2M	40x	as long as short
dYdX BTC-USD	−0.0001%	1h	$17.2M	$17.7M	50x	as long as short
Kalshi KXBTCPERP	0.0000%	8h	$11.8M	$655.4M	6.4x	as long as short
Bitget BTCUSDT	+0.0002%	8h	$2.96B	$4.68B	150x	as long as short
BingX BTC-USDT	+0.0002%	8h	—	$1.37B	—	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	$36.8M	—	200x	as long as short
Aftermath Perps BTCUSD	+0.0006%	1h	$87K	$157K	20x	as long as short
Bulk BTC-USDlong	+0.0010%	1h	$563.2M	$127.1M	40x
ApeX Omni BTCUSDT	+0.0016%	1h	$140.2M	$320.3M	100x	as long as short
Aster BTCUSDT	+0.0017%	8h	$506.4M	$1.10B	200x	as long as short
Phemex BTCUSDT	+0.0023%	8h	$151.5M	$424.2M	150x	as long as short
OKX BTC-USDT-SWAP	+0.0029%	8h	$2.67B	$11.59B	100x	as long as short
MEXC BTC_USDT	+0.0030%	8h	$5.15B	$5.12B	500x	as long as short
Binance BTCUSDT	+0.0031%	8h	$9.51B	$22.12B	150x	as long as short
Gate BTC_USDT	+0.0031%	8h	$6.06B	$9.63B	200x	as long as short
RISEx BTC/USDC	+0.0031%	1h	$9.1M	$38.8M	25x	as long as short
Aevo BTC-PERPshort	+0.0032%	1h	$2.4M	$1.3M	20x
Bybit BTCUSDT	+0.0035%	8h	$5.28B	$8.67B	150x	as long as short
Popdex BTCUSDT	+0.0056%	1h	$8.5M	$46.3M	100x	as long as short
HTX BTC-USDT	+0.0062%	8h	$2.29B	$847.9M	200x	as long as short
Variational Omni BTC	+0.0075%	8h	$171.2M	$505.6M	—	as long as short
Extended BTC-USD	+0.0088%	1h	$48.5M	$200.4M	50x	as long as short
Lighter BTC	+0.0096%	1h	$172.0M	$950.0M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.4M	$138.1M	50x	as long as short
Hibachi BTC/USDT-P	+0.0096%	1h	$753K	$6.5M	30x	as long as short
Orderly PERP_BTC_USDC	+0.0097%	8h	$2.4M	$7.4M	100x	as long as short
Paradex BTC-USD-PERP	+0.0099%	8h	$4.4M	$6.9M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$192K	$5.9M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.1M	$226.8M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.8M	$416.1M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$4.0M	$17.4M	25x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$37.6M	$134.7M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	$281.0M	$883.9M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	$30.7M	$214.9M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	—	$11.5M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	$11.0M	$12.3M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	$234K	$3.3M	20x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	$144K	$411K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	$30.4M	$58.9M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.4M	$5.8M	100x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$83.8M	500x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0172% / S −0.0153%	1h	$12.7M	—	200x	as long as short
Hyperliquid BTC	+0.0178%	1h	$3.96B	$4.49B	40x	as long as short
Coinbase International BTC-PERP-INTX	+0.0200%	1h	$129.8M	$5.84B	50x	as long as short
Deribit BTC-PERPETUAL	+0.0212%	1h	$915.8M	$1.11B	50x	as long as short