BTC

Alert

Funding spread now, next payment 15:00 UTC−0.0096%/8h

paid, last 24h−0.023%paid, last 3 days−0.128%to open and close $10k−$19

Long on Bybit Short on gTrade (Gains Network)

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BTCUSDT	85,686.7	0.0100	pay 0.0100% / 8h	1h 30m	$5.09B	$7.93B	150x
Short	gTrade (Gains Network) BTC/USD	85,753.1	L +0.0004% / S −0.0004%	get 0.0001% / 1h	30m 52s	$36.7M	—	200x

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee gTrade (Gains Network)bpOrdersRate

Funding earned: −$20.12
Slippage, 4 orders: −$1.04
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Net: −$39.16
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; gTrade (Gains Network): virtual book (oracle venue), 5 min ago.

Price risk

price view

Price gap now: +0.077%
Avg gap 7d: +0.011%

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	5.5 bp −$6	5.5 bp −$55	6.0 bp −$595	7.3 bp −$3,642
Sell gTrade (Gains Network) virtual book (oracle venue), 5 min ago	0.51 bp	4.0 bp −$4	4.1 bp −$41	4.5 bp −$446	6.4 bp −$3,184

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bluefin BTC-PERP	−0.0574%	1h	$143K	$401K	40x	as long as short
Perpl BTC	−0.0447%	43m	$396K	$31.0M	6.7x	as long as short
01 Exchange BTCUSD	−0.0096%	1h	$282K	$2.3M	50x	as long as short
edgeX BTCUSDC	−0.0094%	4h	$285.1M	$809.0M	100x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$8K	$3K	50x	as long as short
Aftermath Perps BTCUSD	−0.0072%	1h	$86K	$142K	20x	as long as short
ApeX Omni BTCUSDT	−0.0045%	1h	$138.2M	$316.7M	100x	as long as short
Reya BTCRUSDPERP	−0.0031%	1h	$6.8M	$137.2M	40x	as long as short
Phemex BTCUSDT	−0.0013%	8h	$158.4M	$377.7M	150x	as long as short
Gate BTC_USDT	−0.0012%	8h	$6.09B	$8.67B	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BingX BTC-USDC	−0.0010%	8h	—	$14.5M	—	as long as short
Bitget BTCUSDT	−0.0009%	8h	$2.98B	$4.32B	150x	as long as short
dYdX BTC-USD	0.0000%	1h	$16.7M	$14.7M	50x	as long as short
Kalshi KXBTCPERP	0.0000%	8h	$9.0M	$512.3M	6.4x	as long as short
gTrade (Gains Network) BTC/USDshort	L +0.0004% / S −0.0004%	1h	$36.7M	—	200x
Phoenix BTC	+0.0015%	1h	$1.6M	$10.8M	40x	as long as short
SoDEX BTC-USD	+0.0026%	1h	$56.8M	$239.1M	40x	as long as short
HTX BTC-USDT	+0.0038%	8h	$2.29B	$785.3M	200x	as long as short
Aster BTCUSDT	+0.0040%	8h	$488.1M	$1.03B	200x	as long as short
Kraken Futures PF_XBTUSD	+0.0042%	1h	$187.0M	$760.0M	100x	as long as short
OKX BTC-USDT-SWAP	+0.0050%	8h	$2.58B	$10.83B	100x	as long as short
KuCoin XBTUSDTM	+0.0064%	8h	$789.3M	$581.7M	125x	as long as short
Nado BTC-PERP	+0.0067%	1h	$24.1M	$223.1M	50x	as long as short
Bullet BTC-USD	+0.0069%	1h	$247K	$3.3M	20x	as long as short
Paradex BTC-USD-PERP	+0.0082%	8h	$4.3M	$6.5M	50x	as long as short
Hibachi BTC/USDT-P	+0.0088%	1h	$592K	$7.2M	30x	as long as short
Aevo BTC-PERP	+0.0088%	1h	$2.4M	$1.7M	20x	as long as short
Binance BTCUSDT	+0.0089%	8h	$9.60B	$19.89B	150x	as long as short
MEXC BTC_USDT	+0.0090%	8h	$4.97B	$4.74B	500x	as long as short
Lighter BTC	+0.0096%	1h	$179.9M	$869.0M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$25.5M	$133.0M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	$8.4M	$41.2M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$197K	$5.0M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.6M	$317.3M	50x	as long as short
Bybit BTCUSDTlong	+0.0100%	8h	$5.09B	$7.93B	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	$77.8M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$39.6M	$100.3M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	$173.7M	$466.2M	—	as long as short
StandX BTC-USD	+0.0100%	1h	$30.6M	$245.2M	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	$10.7M	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	$28.6M	$55.7M	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	$47.4M	$201.8M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$86.7M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	$144.5M	$6.18B	50x	as long as short
Hyperliquid BTC	+0.0134%	1h	$3.87B	$4.12B	40x	as long as short
RISEx BTC/USDC	+0.0178%	1h	$8.5M	$36.9M	25x	as long as short
Injective BTC/USDC PERP	+0.0180%	1h	$308K	$27.0M	52x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0199% / S −0.0202%	1h	$13.3M	—	200x	as long as short
BloFin BTC-USDT	+0.0209%	8h	$421.1M	$488.2M	150x	as long as short
Deribit BTC-PERPETUAL	+0.0449%	1h	$854.9M	$953.6M	50x	as long as short