BTC

Alert

Funding spread now, next payment 15:00 UTC−0.0394%/8h

paid, last 24h−0.029%paid, last 7 days−0.032%to open and close $10k−$19

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.032% in total (about -1.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit BTC-PERPETUAL	85,741.9	0.0432	pay 0.0054% / 1h	29m 49s	$856.3M	$955.5M	50x
Short	HTX BTC-USDT	85,670.3	0.0038	get 0.0038% / 8h	1h 29m	$2.29B	$786.2M	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 DeribitbpFee HTXbpOrdersRate

Funding earned: −$82.71
Slippage, 4 orders: −$0.33
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$102.03
Break-even: never at this rate

Slippage from Deribit: live order book, 1 min ago; HTX: live order book, 1 min ago.

Price risk

price view

Price gap now: −0.084%
Avg gap 7d: −0.062%

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	3.8 bp −$4	4.6 bp −$46	6.4 bp −$642	10.3 bp −$5,139
Sell HTX live order book, 1 min ago	0.01 bp	6.0 bp −$6	6.0 bp −$60	6.0 bp −$601	7.8 bp −$3,910

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bluefin BTC-PERP	−0.0533%	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	−0.0104%	1h	$284K	$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	−0.0075%	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
Gate BTC_USDT	−0.0012%	8h	$6.09B	$8.68B	200x	as long as short
Bitget BTCUSDT	−0.0009%	8h	$2.97B	$4.33B	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BingX BTC-USDC	−0.0009%	8h	—	$14.5M	—	as long as short
Phemex BTCUSDT	−0.0009%	8h	$158.0M	$378.2M	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	$9.1M	$513.2M	6.4x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	$36.7M	—	200x	as long as short
Phoenix BTC	+0.0015%	1h	$1.6M	$10.8M	40x	as long as short
SoDEX BTC-USD	+0.0027%	1h	$61.0M	$258.6M	40x	as long as short
HTX BTC-USDTshort	+0.0038%	8h	$2.29B	$786.2M	200x
Aster BTCUSDT	+0.0040%	8h	$488.0M	$1.03B	200x	as long as short
Kraken Futures PF_XBTUSD	+0.0042%	1h	$186.7M	$760.3M	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	$789.8M	$586.7M	125x	as long as short
Nado BTC-PERP	+0.0069%	1h	$24.1M	$223.2M	50x	as long as short
Bullet BTC-USD	+0.0070%	1h	$248K	$3.3M	20x	as long as short
Hibachi BTC/USDT-P	+0.0080%	1h	$592K	$7.2M	30x	as long as short
Paradex BTC-USD-PERP	+0.0082%	8h	$4.3M	$6.5M	50x	as long as short
MEXC BTC_USDT	+0.0088%	8h	$4.96B	$4.74B	500x	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	$19.90B	150x	as long as short
Lighter BTC	+0.0096%	1h	$179.8M	$869.6M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$25.5M	$133.2M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	$8.4M	$41.3M	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 BTCUSDT	+0.0100%	8h	$5.10B	$7.94B	150x	as long as short
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	$77.9M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$39.6M	$100.4M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	$174.8M	$467.7M	—	as long as short
StandX BTC-USD	+0.0100%	1h	$30.6M	$244.9M	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	$10.8M	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	$28.7M	$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	—	$86.8M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	$144.4M	$6.17B	50x	as long as short
Hyperliquid BTC	+0.0137%	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-PERPETUALlong	+0.0432%	1h	$856.3M	$955.5M	50x