BTC

Alert

Funding spread now, next payment 17:00 UTC+0.0024%/8h

paid, last 24h+0.003%paid, last 7 days+0.072%to open and close $10k−$17

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BTCUSDT	85,778.5	0	get 0.0000% / 8h	7h 16m	$5.23B	$8.54B	150x
Short	Extended BTC-USD	85,825.6	0.0024	get 0.0003% / 1h	16m 01s	$48.8M	$202.3M	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee ExtendedbpOrdersRate

Funding earned: $5.04
Slippage, 4 orders: −$0.88
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$11.84
Break-even: 23.4 days

Slippage from Bybit: live order book, 5 min ago; Extended: live order book, 5 min ago.

Price risk

price view

Price gap now: +0.055%
Avg gap 7d: −0.037%

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, 5 min ago	0.01 bp	6.3 bp −$6	6.5 bp −$65	7.2 bp −$718	8.5 bp −$4,260
Sell Extended live order book, 5 min ago	0.06 bp	2.6 bp −$3	2.6 bp −$26	3.5 bp −$348	9.5 bp −$4,751

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bluefin BTC-PERP	−0.8000%	1h	$142K	$367K	40x	as long as short
Perpl BTC	−0.0335%	43m	$392K	$27.9M	6.7x	as long as short
Injective BTC/USDC PERP	−0.0137%	1h	$308K	$27.0M	52x	as long as short
Phoenix BTC	−0.0116%	1h	$1.9M	$11.4M	40x	as long as short
BloFin BTC-USDT	−0.0082%	8h	$424.8M	$561.0M	150x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$4K	50x	as long as short
01 Exchange BTCUSD	−0.0056%	1h	$292K	$2.4M	50x	as long as short
ApeX Omni BTCUSDT	−0.0046%	1h	$138.2M	$317.6M	100x	as long as short
Kraken Futures PF_XBTUSD	−0.0040%	1h	$188.0M	$810.9M	100x	as long as short
SoDEX BTC-USD	−0.0033%	1h	$60.8M	$283.9M	40x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Reya BTCRUSDPERP	−0.0019%	1h	$6.7M	$138.0M	40x	as long as short
Phemex BTCUSDT	−0.0017%	8h	$147.8M	$413.1M	150x	as long as short
Bitget BTCUSDT	−0.0004%	8h	$2.97B	$4.65B	150x	as long as short
BingX BTC-USDT	−0.0004%	8h	—	$1.38B	—	as long as short
dYdX BTC-USD	0.0000%	1h	$17.2M	$17.6M	50x	as long as short
Bybit BTCUSDTlong	0.0000%	8h	$5.23B	$8.54B	150x
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	$36.8M	—	200x	as long as short
KuCoin XBTUSDTM	+0.0006%	8h	$792.8M	$610.9M	125x	as long as short
OKX BTC-USDT-SWAP	+0.0013%	8h	$2.65B	$11.51B	100x	as long as short
Bulk BTC-USD	+0.0019%	1h	$558.8M	$146.4M	40x	as long as short
Extended BTC-USDshort	+0.0024%	1h	$48.8M	$202.3M	50x
Aster BTCUSDT	+0.0024%	8h	$499.4M	$1.11B	200x	as long as short
MEXC BTC_USDT	+0.0037%	8h	$5.09B	$5.26B	500x	as long as short
Binance BTCUSDT	+0.0038%	8h	$9.47B	$21.83B	150x	as long as short
Aevo BTC-PERP	+0.0040%	1h	$2.4M	$1.4M	20x	as long as short
Gate BTC_USDT	+0.0041%	8h	$6.05B	$9.50B	200x	as long as short
Aftermath Perps BTCUSD	+0.0070%	1h	$87K	$149K	20x	as long as short
StandX BTC-USD	+0.0079%	1h	$30.5M	$229.9M	40x	as long as short
Variational Omni BTC	+0.0084%	8h	$172.3M	$505.1M	—	as long as short
Bullet BTC-USD	+0.0085%	1h	$231K	$3.3M	20x	as long as short
Paradex BTC-USD-PERP	+0.0093%	8h	$4.4M	$6.8M	50x	as long as short
Lighter BTC	+0.0096%	1h	$171.7M	$934.8M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.6M	$135.9M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	$8.5M	$46.3M	100x	as long as short
Derive BTC-PERP	+0.0097%	1h	$30.3M	$60.1M	15x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$202K	$5.6M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.7M	$225.7M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.6M	$378.6M	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	$6.5M	$84.3M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$37.7M	$119.5M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	$277.5M	$892.7M	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	$11.5M	50x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.4M	$7.3M	100x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$5.9M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	$2.29B	$839.5M	200x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$86.7M	500x	as long as short
Kalshi KXBTCPERP	+0.0104%	8h	$14.5M	$607.8M	6.4x	as long as short
Hibachi BTC/USDT-P	+0.0112%	1h	$732K	$7.4M	30x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	$127.7M	$6.07B	50x	as long as short
Hyperliquid BTC	+0.0118%	1h	$3.89B	$4.37B	40x	as long as short
RISEx BTC/USDC	+0.0132%	1h	$9.1M	$38.6M	25x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0171% / S −0.0148%	1h	$12.4M	—	200x	as long as short
Deribit BTC-PERPETUAL	+0.0178%	1h	$911.5M	$1.12B	50x	as long as short