BTC

Alert

Funding spread now, next payment 17:00 UTC−0.0071%/8h

paid, last 24h−0.017%paid, last 7 days+0.015%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive BTC-PERP	85,906.4	0.0100	pay 0.0013% / 1h	26m 44s	$30.3M	$60.7M	15x
Short	Aster BTCUSDT	85,846.5	0.0029	get 0.0029% / 8h	7h 26m	$497.7M	$1.13B	200x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DerivebpFee AsterbpOrdersRate

Funding earned: −$14.81
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: −$28.81
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; Aster: live order book, 4 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.070%
Avg gap 7d: +0.005%

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 Aster live order book, 4 min ago	0.01 bp	4.0 bp −$4	4.6 bp −$46	5.1 bp −$513	7.9 bp −$3,927

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
Bluefin BTC-PERP	−0.8000%	1h	$142K	$408K	40x	as long as short
Perpl BTC	−0.0335%	43m	$400K	$28.2M	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
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$4K	50x	as long as short
BloFin BTC-USDT	−0.0077%	8h	$421.7M	$567.0M	150x	as long as short
ApeX Omni BTCUSDT	−0.0065%	1h	$138.5M	$318.0M	100x	as long as short
01 Exchange BTCUSD	−0.0064%	1h	$291K	$2.4M	50x	as long as short
Phemex BTCUSDT	−0.0060%	8h	$149.0M	$413.6M	150x	as long as short
Kraken Futures PF_XBTUSD	−0.0040%	1h	$188.0M	$815.5M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
SoDEX BTC-USD	−0.0031%	1h	$60.8M	$283.8M	40x	as long as short
Reya BTCRUSDPERP	−0.0019%	1h	$6.7M	$138.0M	40x	as long as short
Bitget BTCUSDT	−0.0004%	8h	$2.98B	$4.68B	150x	as long as short
BingX BTC-USDC	−0.0004%	8h	—	$14.9M	—	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	+0.0006%	8h	$5.23B	$8.60B	150x	as long as short
KuCoin XBTUSDTM	+0.0010%	8h	$791.4M	$615.2M	125x	as long as short
OKX BTC-USDT-SWAP	+0.0016%	8h	$2.65B	$11.62B	100x	as long as short
Aster BTCUSDTshort	+0.0029%	8h	$497.7M	$1.13B	200x
Bulk BTC-USD	+0.0033%	1h	$558.3M	$154.4M	40x	as long as short
Aevo BTC-PERP	+0.0040%	1h	$2.4M	$1.4M	20x	as long as short
MEXC BTC_USDT	+0.0042%	8h	$5.12B	$5.22B	500x	as long as short
Binance BTCUSDT	+0.0043%	8h	$9.48B	$21.97B	150x	as long as short
Aftermath Perps BTCUSD	+0.0052%	1h	$87K	$149K	20x	as long as short
Extended BTC-USD	+0.0056%	1h	$48.7M	$206.3M	50x	as long as short
Gate BTC_USDT	+0.0061%	8h	$6.08B	$9.44B	200x	as long as short
Bullet BTC-USD	+0.0080%	1h	$232K	$3.3M	20x	as long as short
Variational Omni BTC	+0.0086%	8h	$172.1M	$505.4M	—	as long as short
StandX BTC-USD	+0.0089%	1h	$30.6M	$231.1M	40x	as long as short
Paradex BTC-USD-PERP	+0.0093%	8h	$4.4M	$6.8M	50x	as long as short
Lighter BTC	+0.0096%	1h	$171.5M	$927.0M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.6M	$134.8M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	$8.5M	$46.9M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$200K	$5.7M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.2M	$226.8M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.6M	$374.9M	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	$6.5M	$84.5M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$37.4M	$117.7M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	$278.3M	$891.5M	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
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.4M	$7.3M	100x	as long as short
Derive BTC-PERPlong	+0.0100%	1h	$30.3M	$60.7M	15x
SunX BTC-USDT	+0.0100%	8h	$3.3M	$6.0M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	$2.29B	$842.3M	200x	as long as short
Kalshi KXBTCPERP	+0.0102%	8h	$14.5M	$605.4M	6.4x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$87.7M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	$128.7M	$6.15B	50x	as long as short
Hyperliquid BTC	+0.0124%	1h	$3.90B	$4.43B	40x	as long as short
Hibachi BTC/USDT-P	+0.0128%	1h	$732K	$7.4M	30x	as long as short
RISEx BTC/USDC	+0.0132%	1h	$8.9M	$38.1M	25x	as long as short
Deribit BTC-PERPETUAL	+0.0144%	1h	$911.3M	$1.12B	50x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0171% / S −0.0148%	1h	$12.4M	—	200x	as long as short