BTC

Alert

Funding spread now, next payment 15:00 UTC+0.0105%/8h

next payment, per $10,000+$0.13paid, last 24h+0.002%paid, last 3 days+0.005%to open and close $10k−$17

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet BTC-USD	85,646	0.0074	pay 0.0009% / 1h	35m 59s	$247K	$3.3M	20x
Short	RISEx BTC/USDC	85,687	0.0178	get 0.0022% / 1h	35m 59s	$8.7M	$36.8M	25x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BulletbpFee RISExbpOrdersRate

Funding earned: $21.95
Slippage, 4 orders: −$3.21
Fee Bullet: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: $4.74
Break-even: 5.5 days

Slippage from Bullet: live order book, 5 min ago; RISEx: live order book, 5 min ago.

Price risk

price view

Price gap now: +0.048%
Avg gap 7d: +0.001%

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 Bullet live order book, 5 min ago	0.18 bp	5.9 bp −$6	8.3 bp −$83	doesn't fit	doesn't fit
Sell RISEx live order book, 5 min ago	0.01 bp	3.5 bp −$4	3.6 bp −$36	12.4 bp −$1,239	doesn't fit

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bluefin BTC-PERP	−0.0826%	1h	$142K	$400K	40x	as long as short
Perpl BTC	−0.0447%	43m	$399K	$31.1M	6.7x	as long as short
edgeX BTCUSDC	−0.0110%	4h	$284.1M	$801.8M	100x	as long as short
ApeX Omni BTCUSDT	−0.0103%	1h	$138.3M	$316.8M	100x	as long as short
01 Exchange BTCUSD	−0.0088%	1h	$280K	$2.3M	50x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$8K	$3K	50x	as long as short
Aftermath Perps BTCUSD	−0.0068%	1h	$84K	$140K	20x	as long as short
Reya BTCRUSDPERP	−0.0032%	1h	$6.8M	$137.3M	40x	as long as short
Gate BTC_USDT	−0.0015%	8h	$6.06B	$8.58B	200x	as long as short
Phemex BTCUSDT	−0.0011%	8h	$158.4M	$375.8M	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BingX BTC-USDC	−0.0010%	8h	—	$14.4M	—	as long as short
Bitget BTCUSDT	−0.0009%	8h	$2.97B	$4.30B	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	$8.8M	$506.2M	6.4x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	$36.6M	—	200x	as long as short
Phoenix BTC	+0.0015%	1h	$1.6M	$10.8M	40x	as long as short
SoDEX BTC-USD	+0.0031%	1h	$61.3M	$234.6M	40x	as long as short
HTX BTC-USDT	+0.0037%	8h	$2.29B	$783.0M	200x	as long as short
Aster BTCUSDT	+0.0038%	8h	$489.4M	$1.02B	200x	as long as short
Kraken Futures PF_XBTUSD	+0.0042%	1h	$187.5M	$754.3M	100x	as long as short
OKX BTC-USDT-SWAP	+0.0053%	8h	$2.57B	$10.76B	100x	as long as short
Nado BTC-PERP	+0.0060%	1h	$24.3M	$222.3M	50x	as long as short
KuCoin XBTUSDTM	+0.0064%	8h	$805.0M	$579.4M	125x	as long as short
Bullet BTC-USDlong	+0.0074%	1h	$247K	$3.3M	20x
Paradex BTC-USD-PERP	+0.0082%	8h	$4.3M	$6.5M	50x	as long as short
Aevo BTC-PERP	+0.0088%	1h	$2.4M	$1.7M	20x	as long as short
MEXC BTC_USDT	+0.0090%	8h	$4.95B	$4.69B	500x	as long as short
Binance BTCUSDT	+0.0091%	8h	$9.58B	$19.75B	150x	as long as short
Lighter BTC	+0.0096%	1h	$179.7M	$864.2M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$25.5M	$132.6M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	$8.4M	$40.9M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$196K	$5.0M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.6M	$317.3M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	$5.09B	$7.88B	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	$77.5M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$39.4M	$100.6M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	$173.7M	$467.5M	—	as long as short
StandX BTC-USD	+0.0100%	1h	$30.6M	$245.5M	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	$6.8M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	$28.4M	$55.9M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$5.4M	100x	as long as short
Bulk BTC-USD	+0.0100%	1h	$535.4M	$59.7M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	$47.2M	$201.5M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$86.3M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	$143.4M	$6.16B	50x	as long as short
Hibachi BTC/USDT-P	+0.0120%	1h	$602K	$7.3M	30x	as long as short
Hyperliquid BTC	+0.0130%	1h	$3.86B	$4.09B	40x	as long as short
RISEx BTC/USDCshort	+0.0178%	1h	$8.7M	$36.8M	25x
Injective BTC/USDC PERP	+0.0180%	1h	$306K	$27.0M	52x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0199% / S −0.0206%	1h	$13.4M	—	200x	as long as short
BloFin BTC-USDT	+0.0210%	8h	$421.5M	$484.4M	150x	as long as short
Deribit BTC-PERPETUAL	+0.0398%	1h	$851.0M	$941.7M	50x	as long as short