BTC

Alert

Funding spread now, next payment 14:00 UTC+0.0012%/8h

paid, last 24h+0.007%paid, last 7 days+0.011%to open and close $10k−$21

Long on Bybit Short on Coinbase International

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BTCUSDT	85,308.4	0.0100	pay 0.0100% / 8h	1h 47m	$5.04B	$7.78B	150x
Short	Coinbase International BTC-PERP-INTX	85,328.3	0.0112	get 0.0014% / 1h	47m 21s	$143.4M	$6.11B	50x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee Coinbase InternationalbpOrdersRate

Funding earned: $2.52
Slippage, 4 orders: −$0.02
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$18.5
Break-even: 58.4 days

Slippage from Bybit: live order book, 3 min ago; Coinbase International: live order book, 3 min ago.

Price risk

price view

Price gap now: +0.023%
Avg gap 7d: +0.039%

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 Bybit live order book, 3 min ago	0.01 bp	5.5 bp −$6	5.5 bp −$55	6.5 bp −$651	7.9 bp −$3,965
Sell Coinbase International live order book, 3 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	5.8 bp −$581	12.6 bp −$6,313

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bluefin BTC-PERP	−0.2087%	1h	$142K	$400K	40x	as long as short
Perpl BTC	−0.0447%	43m	$430K	$31.4M	6.7x	as long as short
ApeX Omni BTCUSDT	−0.0168%	1h	$137.2M	$315.7M	100x	as long as short
edgeX BTCUSDC	−0.0106%	4h	$281.8M	$791.6M	100x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$8K	$3K	50x	as long as short
Aftermath Perps BTCUSD	−0.0052%	1h	$83K	$140K	20x	as long as short
01 Exchange BTCUSD	−0.0040%	1h	$280K	$2.3M	50x	as long as short
Reya BTCRUSDPERP	−0.0034%	1h	$6.8M	$136.6M	40x	as long as short
Derive BTC-PERP	−0.0031%	1h	$27.9M	$54.7M	15x	as long as short
Gate BTC_USDT	−0.0018%	8h	$6.02B	$8.46B	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex BTCUSDT	−0.0015%	8h	$157.7M	$372.1M	150x	as long as short
BingX BTC-USDC	−0.0011%	8h	—	$14.4M	—	as long as short
Bitget BTCUSDT	−0.0010%	8h	$2.96B	$4.27B	150x	as long as short
dYdX BTC-USD	0.0000%	1h	$16.1M	$13.8M	50x	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
HTX BTC-USDT	+0.0028%	8h	$2.28B	$778.7M	200x	as long as short
Aster BTCUSDT	+0.0041%	8h	$487.2M	$995.2M	200x	as long as short
Kraken Futures PF_XBTUSD	+0.0042%	1h	$186.8M	$747.2M	100x	as long as short
OKX BTC-USDT-SWAP	+0.0057%	8h	$2.56B	$10.65B	100x	as long as short
KuCoin XBTUSDTM	+0.0067%	8h	$801.7M	$575.6M	125x	as long as short
SoDEX BTC-USD	+0.0067%	1h	$61.1M	$234.5M	40x	as long as short
Paradex BTC-USD-PERP	+0.0084%	8h	$4.3M	$6.5M	50x	as long as short
MEXC BTC_USDT	+0.0094%	8h	$4.91B	$4.63B	500x	as long as short
Binance BTCUSDT	+0.0095%	8h	$9.51B	$19.46B	150x	as long as short
Lighter BTC	+0.0096%	1h	$181.4M	$848.2M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$25.3M	$131.5M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	$8.4M	$40.4M	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	$207K	$4.9M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.7M	$221.0M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.7M	$312.3M	50x	as long as short
Bybit BTCUSDTlong	+0.0100%	8h	$5.04B	$7.78B	150x
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	$77.3M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	$534.4M	$59.0M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$38.9M	$101.2M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	$171.1M	$466.0M	—	as long as short
StandX BTC-USD	+0.0100%	1h	$30.5M	$246.9M	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	$10.5M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	$248K	$3.3M	20x	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
Kalshi KXBTCPERP	+0.0101%	8h	$8.5M	$496.8M	6.4x	as long as short
Extended BTC-USD	+0.0104%	1h	$47.1M	$199.8M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$85.4M	500x	as long as short
Coinbase International BTC-PERP-INTXshort	+0.0112%	1h	$143.4M	$6.11B	50x
Hyperliquid BTC	+0.0122%	1h	$3.84B	$4.08B	40x	as long as short
RISEx BTC/USDC	+0.0178%	1h	$8.8M	$36.7M	25x	as long as short
Injective BTC/USDC PERP	+0.0180%	1h	$306K	$27.0M	52x	as long as short
Hibachi BTC/USDT-P	+0.0184%	1h	$598K	$7.6M	30x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0197% / S −0.0209%	1h	$13.1M	—	200x	as long as short
BloFin BTC-USDT	+0.0215%	8h	$422.6M	$479.1M	150x	as long as short
Deribit BTC-PERPETUAL	+0.0340%	1h	$849.4M	$921.4M	50x	as long as short