BTC

Alert

Funding spread now, next payment 16:00 UTC−0.0196%/8h

next payment, per $10,000−$0.25paid, last 24h−0.049%paid, last 3 days−0.145%to open and close $10k−$15

Long on Deribit Short on gTrade (Gains Network)

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit BTC-PERPETUAL	86,200.8	0.0201	pay 0.0025% / 1h	39m 47s	$888.4M	$1.05B	50x
Short	gTrade (Gains Network) BTC/USD	86,203.9	L +0.0005% / S −0.0004%	get 0.0001% / 1h	39m 47s	$36.9M	—	200x

Funding history

latest

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Funding on every exchange

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Profit calculator

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

Funding earned: −$41.24
Slippage, 4 orders: −$1.09
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Net: −$56.33
Break-even: never at this rate

Slippage from Deribit: live order book, 1 min ago; gTrade (Gains Network): virtual book (oracle venue), 1 min ago.

Price risk

price view

Price gap now: +0.004%
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 Deribit live order book, 1 min ago	0.03 bp	3.5 bp −$4	4.6 bp −$46	7.3 bp −$728	11.4 bp −$5,693
Sell gTrade (Gains Network) virtual book (oracle venue), 1 min ago	0.51 bp	4.0 bp −$4	4.1 bp −$41	4.5 bp −$446	6.4 bp −$3,181

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Perpl BTC	−0.0223%	43m	$455K	$30.0M	6.7x	as long as short
ApeX Omni BTCUSDT	−0.0147%	1h	$139.0M	$318.7M	100x	as long as short
BloFin BTC-USDT	−0.0122%	8h	$427.2M	$536.4M	150x	as long as short
edgeX BTCUSDC	−0.0098%	4h	$278.7M	$863.9M	100x	as long as short
Phoenix BTC	−0.0086%	1h	$2.0M	$10.8M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$3K	50x	as long as short
01 Exchange BTCUSD	−0.0072%	1h	$290K	$2.4M	50x	as long as short
Aftermath Perps BTCUSD	−0.0060%	1h	$87K	$155K	20x	as long as short
Phemex BTCUSDT	−0.0023%	8h	$158.2M	$399.1M	150x	as long as short
Reya BTCRUSDPERP	−0.0023%	1h	$6.7M	$137.6M	40x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate BTC_USDT	−0.0012%	8h	$6.16B	$9.29B	200x	as long as short
Bitget BTCUSDT	−0.0005%	8h	$2.97B	$4.63B	150x	as long as short
BingX BTC-USDT	−0.0005%	8h	—	$1.38B	—	as long as short
dYdX BTC-USD	0.0000%	1h	$16.9M	$16.4M	50x	as long as short
gTrade (Gains Network) BTC/USDshort	L +0.0005% / S −0.0004%	1h	$36.9M	—	200x
SoDEX BTC-USD	+0.0023%	1h	$61.1M	$283.4M	40x	as long as short
OKX BTC-USDT-SWAP	+0.0032%	8h	$2.63B	$11.51B	100x	as long as short
KuCoin XBTUSDTM	+0.0047%	8h	$793.1M	$613.4M	125x	as long as short
Aster BTCUSDT	+0.0047%	8h	$488.6M	$1.11B	200x	as long as short
HTX BTC-USDT	+0.0061%	8h	$2.30B	$837.5M	200x	as long as short
Kraken Futures PF_XBTUSD	+0.0071%	1h	$185.9M	$809.3M	100x	as long as short
Binance BTCUSDT	+0.0076%	8h	$9.56B	$21.45B	150x	as long as short
MEXC BTC_USDT	+0.0076%	8h	$5.08B	$5.01B	500x	as long as short
Aevo BTC-PERP	+0.0080%	1h	$2.4M	$1.6M	20x	as long as short
Paradex BTC-USD-PERP	+0.0085%	8h	$4.4M	$6.6M	50x	as long as short
Lighter BTC	+0.0096%	1h	$172.7M	$918.0M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.9M	$137.0M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	$8.5M	$44.8M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$199K	$5.4M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.7M	$229.5M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.6M	$344.9M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	$5.15B	$8.41B	150x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$4.0M	$16.4M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	$5.5M	$81.9M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$39.3M	$104.6M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	$171.2M	$506.8M	—	as long as short
StandX BTC-USD	+0.0100%	1h	$30.7M	$236.5M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	—	$12.4M	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	$245K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.4M	$7.2M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	$144K	$406K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	$30.2M	$59.1M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$6.0M	100x	as long as short
Bulk BTC-USD	+0.0100%	1h	$547.8M	$93.7M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	$48.7M	$208.8M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$88.5M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	$150.7M	$6.25B	50x	as long as short
Injective BTC/USDC PERP	+0.0108%	1h	$305K	$27.0M	52x	as long as short
Kalshi KXBTCPERP	+0.0110%	8h	$11.0M	$561.0M	6.4x	as long as short
RISEx BTC/USDC	+0.0128%	1h	$8.5M	$38.7M	25x	as long as short
Hibachi BTC/USDT-P	+0.0152%	1h	$627K	$7.3M	30x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0198% / S −0.0176%	1h	$12.6M	—	200x	as long as short
Deribit BTC-PERPETUALlong	+0.0201%	1h	$888.4M	$1.05B	50x
Hyperliquid BTC	+0.0265%	1h	$3.91B	$4.32B	40x	as long as short