BTC

Alert

Funding spread now, next payment 17:00 UTC−0.0140%/8h

next payment, per $10,000−$0.17paid, last 24h−0.020%paid, last 7 days+0.058%to open and close $10k−$12

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit BTC-PERPETUAL	85,902.3	0.0156	pay 0.0019% / 1h	13m 47s	$911.5M	$1.12B	50x
Short	Extended BTC-USD	85,838	0.0016	get 0.0002% / 1h	13m 47s	$48.7M	$202.0M	50x

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 DeribitbpFee ExtendedbpOrdersRate

Funding earned: −$29.3
Slippage, 4 orders: −$0.17
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$41.47
Break-even: never at this rate

Slippage from Deribit: live order book, 2 min ago; Extended: live order book, 2 min ago.

Price risk

price view

Price gap now: −0.075%
Avg gap 7d: −0.082%

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 Deribit live order book, 2 min ago	0.03 bp	3.5 bp −$4	4.2 bp −$42	7.4 bp −$743	11.8 bp −$5,918
Sell Extended live order book, 2 min ago	0.06 bp	2.6 bp −$3	2.6 bp −$26	2.6 bp −$258	7.2 bp −$3,595

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bluefin BTC-PERP	−0.7820%	1h	$142K	$367K	40x	as long as short
Perpl BTC	−0.0335%	43m	$409K	$27.7M	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	$425.2M	$563.2M	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
Kraken Futures PF_XBTUSD	−0.0040%	1h	$187.9M	$810.6M	100x	as long as short
ApeX Omni BTCUSDT	−0.0039%	1h	$138.3M	$318.0M	100x	as long as short
SoDEX BTC-USD	−0.0032%	1h	$60.8M	$283.9M	40x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex BTCUSDT	−0.0019%	8h	$147.8M	$413.2M	150x	as long as short
Reya BTCRUSDPERP	−0.0019%	1h	$6.7M	$138.0M	40x	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
Bulk BTC-USD	−0.0004%	1h	$559.1M	$139.9M	40x	as long as short
dYdX BTC-USD	0.0000%	1h	$17.2M	$17.6M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	$36.8M	—	200x	as long as short
Bybit BTCUSDT	+0.0005%	8h	$5.23B	$8.54B	150x	as long as short
KuCoin XBTUSDTM	+0.0006%	8h	$792.7M	$609.9M	125x	as long as short
OKX BTC-USDT-SWAP	+0.0014%	8h	$2.65B	$11.50B	100x	as long as short
Extended BTC-USDshort	+0.0016%	1h	$48.7M	$202.0M	50x
Aster BTCUSDT	+0.0025%	8h	$499.5M	$1.11B	200x	as long as short
Gate BTC_USDT	+0.0036%	8h	$6.05B	$9.51B	200x	as long as short
MEXC BTC_USDT	+0.0038%	8h	$5.13B	$5.27B	500x	as long as short
Binance BTCUSDT	+0.0038%	8h	$9.47B	$21.81B	150x	as long as short
Aevo BTC-PERP	+0.0040%	1h	$2.4M	$1.3M	20x	as long as short
Aftermath Perps BTCUSD	+0.0072%	1h	$87K	$149K	20x	as long as short
StandX BTC-USD	+0.0082%	1h	$30.6M	$229.8M	40x	as long as short
Variational Omni BTC	+0.0083%	8h	$171.9M	$506.0M	—	as long as short
Bullet BTC-USD	+0.0089%	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
Derive BTC-PERP	+0.0096%	1h	$30.3M	$60.1M	15x	as long as short
Lighter BTC	+0.0096%	1h	$171.9M	$936.0M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.7M	$136.1M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	$8.5M	$46.2M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$203K	$5.6M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.5M	$225.8M	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	$6.6M	$84.2M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$37.3M	$119.7M	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	$839.4M	200x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$86.4M	500x	as long as short
Kalshi KXBTCPERP	+0.0104%	8h	$14.5M	$608.5M	6.4x	as long as short
Hibachi BTC/USDT-P	+0.0112%	1h	$733K	$7.4M	30x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	$127.8M	$6.07B	50x	as long as short
Hyperliquid BTC	+0.0117%	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
Deribit BTC-PERPETUALlong	+0.0156%	1h	$911.5M	$1.12B	50x
GMX BTC/USD [WBTC.b-USDC]	L +0.0171% / S −0.0149%	1h	$12.4M	—	200x	as long as short