BTC

Alert

Funding spread now, next payment 19:00 UTC−0.0068%/8h

next payment, per $10,000−$0.09paid, last 24h−0.016%paid, last 7 days+0.034%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive BTC-PERP	85,885.9	0.0100	pay 0.0013% / 1h	29m 59s	$30.4M	$58.9M	15x
Short	Aevo BTC-PERP	85,857.9	0.0032	get 0.0004% / 1h	29m 59s	$2.4M	$1.3M	20x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DerivebpFee AevobpOrdersRate

Funding earned: −$14.28
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$36.28
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; Aevo: live order book, 1 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.033%
Avg gap 7d: −0.015%

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 Derive no order-book sample	—	—	—	—	—
Sell Aevo live order book, 1 min ago	1.00 bp	10.2 bp −$10	11.9 bp −$119	doesn't fit	doesn't fit

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Perpl BTC	−0.0447%	43m	$403K	$26.2M	6.7x	as long as short
Arcus BTC-USD	−0.0299%	1h	$6.7M	$86.2M	40x	as long as short
BloFin BTC-USDT	−0.0089%	8h	$422.6M	$567.5M	150x	as long as short
Phoenix BTC	−0.0082%	1h	$2.0M	$11.0M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$4K	50x	as long as short
01 Exchange BTCUSD	−0.0048%	1h	$311K	$2.3M	50x	as long as short
Kraken Futures PF_XBTUSD	−0.0019%	1h	$188.9M	$818.0M	100x	as long as short
Reya BTCRUSDPERP	−0.0016%	1h	$6.7M	$138.4M	40x	as long as short
SoDEX BTC-USD	−0.0010%	1h	$60.9M	$285.3M	40x	as long as short
KuCoin XBTUSDTM	−0.0007%	8h	$806.6M	$620.7M	125x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective BTC/USDC PERP	−0.0006%	1h	$309K	$27.0M	52x	as long as short
dYdX BTC-USD	−0.0001%	1h	$17.1M	$17.7M	50x	as long as short
Kalshi KXBTCPERP	0.0000%	8h	$11.7M	$655.8M	6.4x	as long as short
Bitget BTCUSDT	+0.0002%	8h	$2.96B	$4.68B	150x	as long as short
BingX BTC-USDC	+0.0002%	8h	—	$14.4M	—	as long as short
Aftermath Perps BTCUSD	+0.0004%	1h	$87K	$157K	20x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	$36.7M	—	200x	as long as short
ApeX Omni BTCUSDT	+0.0009%	1h	$140.1M	$320.3M	100x	as long as short
Bulk BTC-USD	+0.0010%	1h	$563.2M	$127.1M	40x	as long as short
Aster BTCUSDT	+0.0017%	8h	$506.2M	$1.10B	200x	as long as short
Phemex BTCUSDT	+0.0020%	8h	$151.8M	$424.7M	150x	as long as short
OKX BTC-USDT-SWAP	+0.0030%	8h	$2.67B	$11.59B	100x	as long as short
MEXC BTC_USDT	+0.0030%	8h	$5.15B	$5.12B	500x	as long as short
Binance BTCUSDT	+0.0031%	8h	$9.50B	$22.12B	150x	as long as short
RISEx BTC/USDC	+0.0031%	1h	$9.1M	$38.8M	25x	as long as short
Gate BTC_USDT	+0.0032%	8h	$6.06B	$9.64B	200x	as long as short
Aevo BTC-PERPshort	+0.0032%	1h	$2.4M	$1.3M	20x
Bybit BTCUSDT	+0.0037%	8h	$5.28B	$8.67B	150x	as long as short
Popdex BTCUSDT	+0.0048%	1h	$8.5M	$46.3M	100x	as long as short
HTX BTC-USDT	+0.0056%	8h	$2.29B	$848.1M	200x	as long as short
Variational Omni BTC	+0.0074%	8h	$170.0M	$506.6M	—	as long as short
Hibachi BTC/USDT-P	+0.0088%	1h	$753K	$6.5M	30x	as long as short
Lighter BTC	+0.0096%	1h	$171.9M	$950.3M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.4M	$138.2M	50x	as long as short
Extended BTC-USD	+0.0096%	1h	$48.5M	$200.5M	50x	as long as short
Orderly PERP_BTC_USDC	+0.0097%	8h	$2.4M	$7.4M	100x	as long as short
Paradex BTC-USD-PERP	+0.0099%	8h	$4.4M	$6.9M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$192K	$5.9M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.1M	$227.0M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.8M	$416.1M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$4.0M	$17.4M	25x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$37.5M	$134.9M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	$280.7M	$885.1M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	$30.7M	$214.5M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	—	$11.5M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	$10.9M	$12.3M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	$233K	$3.3M	20x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	$143K	$411K	40x	as long as short
Derive BTC-PERPlong	+0.0100%	1h	$30.4M	$58.9M	15x
SunX BTC-USDT	+0.0100%	8h	$3.4M	$5.7M	100x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$83.7M	500x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0172% / S −0.0153%	1h	$12.7M	—	200x	as long as short
Hyperliquid BTC	+0.0172%	1h	$3.96B	$4.50B	40x	as long as short
Coinbase International BTC-PERP-INTX	+0.0200%	1h	$129.9M	$5.84B	50x	as long as short
Deribit BTC-PERPETUAL	+0.0242%	1h	$915.8M	$1.11B	50x	as long as short