BTC

Alert

Funding spread now, next payment 16:00 UTC−0.0098%/8h

paid, last 24h−0.016%paid, last 7 days−0.042%to open and close $10k−$22

Long on Coinbase International Short on KuCoin

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BTC-PERP-INTX	85,941.9	0.0112	pay 0.0014% / 1h	41m 49s	$128.8M	$6.21B	50x
Short	KuCoin XBTUSDTM	85,746.9	0.0014	get 0.0014% / 8h	7h 41m	$791.4M	$616.2M	125x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee KuCoinbpOrdersRate

Funding earned: −$20.58
Slippage, 4 orders: −$0.33
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$42.91
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; KuCoin: live order book, 4 min ago.

Price risk

price view

Price gap now: −0.227%
Avg gap 7d: −0.043%

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 Coinbase International live order book, 4 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	6.4 bp −$645	19.8 bp −$9,922
Sell KuCoin live order book, 4 min ago	0.01 bp	6.3 bp −$6	6.6 bp −$66	8.5 bp −$851	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	−0.8000%	1h	$143K	$408K	40x	as long as short
Perpl BTC	−0.0335%	43m	$405K	$28.8M	6.7x	as long as short
ApeX Omni BTCUSDT	−0.0238%	1h	$139.1M	$317.7M	100x	as long as short
Injective BTC/USDC PERP	−0.0137%	1h	$308K	$27.0M	52x	as long as short
Phoenix BTC	−0.0116%	1h	$1.8M	$11.4M	40x	as long as short
Phemex BTCUSDT	−0.0115%	8h	$149.6M	$411.4M	150x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$4K	50x	as long as short
BloFin BTC-USDT	−0.0074%	8h	$424.7M	$567.2M	150x	as long as short
01 Exchange BTCUSD	−0.0056%	1h	$292K	$2.4M	50x	as long as short
Kraken Futures PF_XBTUSD	−0.0040%	1h	$188.3M	$822.2M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
SoDEX BTC-USD	−0.0034%	1h	$60.9M	$283.6M	40x	as long as short
Reya BTCRUSDPERP	−0.0020%	1h	$6.7M	$138.0M	40x	as long as short
BingX BTC-USDC	−0.0015%	8h	—	$14.9M	—	as long as short
Bitget BTCUSDT	−0.0004%	8h	$2.98B	$4.70B	150x	as long as short
dYdX BTC-USD	0.0000%	1h	$17.3M	$17.5M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	$36.8M	—	200x	as long as short
KuCoin XBTUSDTMshort	+0.0014%	8h	$791.4M	$616.2M	125x
Bybit BTCUSDT	+0.0016%	8h	$5.22B	$8.60B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0020%	8h	$2.65B	$11.64B	100x	as long as short
Aftermath Perps BTCUSD	+0.0026%	1h	$87K	$152K	20x	as long as short
Aster BTCUSDT	+0.0032%	8h	$486.6M	$1.13B	200x	as long as short
Bulk BTC-USD	+0.0040%	1h	$557.2M	$154.9M	40x	as long as short
Gate BTC_USDT	+0.0044%	8h	$6.08B	$9.38B	200x	as long as short
MEXC BTC_USDT	+0.0045%	8h	$5.10B	$5.18B	500x	as long as short
Binance BTCUSDT	+0.0046%	8h	$9.48B	$22.08B	150x	as long as short
Aevo BTC-PERP	+0.0048%	1h	$2.4M	$1.5M	20x	as long as short
Popdex BTCUSDT	+0.0056%	1h	$8.5M	$45.7M	100x	as long as short
StandX BTC-USD	+0.0074%	1h	$30.6M	$229.3M	40x	as long as short
Extended BTC-USD	+0.0080%	1h	$48.9M	$206.8M	50x	as long as short
Deribit BTC-PERPETUAL	+0.0084%	1h	$911.1M	$1.12B	50x	as long as short
Variational Omni BTC	+0.0088%	8h	$171.1M	$507.1M	—	as long as short
Paradex BTC-USD-PERP	+0.0093%	8h	$4.4M	$6.7M	50x	as long as short
Lighter BTC	+0.0096%	1h	$171.4M	$914.8M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.5M	$133.8M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$191K	$5.6M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.3M	$228.8M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$37.0M	$364.7M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$3.9M	$16.3M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	$6.4M	$84.2M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$37.4M	$115.2M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	$277.8M	$889.3M	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	$11.6M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	$237K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.4M	$7.3M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	$30.2M	$59.4M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$6.1M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	$2.29B	$843.1M	200x	as long as short
Kalshi KXBTCPERP	+0.0101%	8h	$13.9M	$598.3M	6.4x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$89.1M	500x	as long as short
Coinbase International BTC-PERP-INTXlong	+0.0112%	1h	$128.8M	$6.21B	50x
RISEx BTC/USDC	+0.0132%	1h	$8.7M	$38.5M	25x	as long as short
Hyperliquid BTC	+0.0134%	1h	$3.89B	$4.46B	40x	as long as short
Hibachi BTC/USDT-P	+0.0184%	1h	$717K	$7.4M	30x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0198% / S −0.0175%	1h	$12.4M	—	200x	as long as short