BTC

Alert

Funding spread now, next payment 17:00 UTC−0.0064%/8h

paid, last 24h−0.021%paid, last 7 days−0.008%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive BTC-PERP	85,679.9	0.0078	pay 0.0010% / 1h	44m 56s	$30.2M	$59.4M	15x
Short	KuCoin XBTUSDTM	85,661.5	0.0014	get 0.0014% / 8h	7h 44m	$790.4M	$617.8M	125x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DerivebpFee KuCoinbpOrdersRate

Funding earned: −$13.36
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$31.36
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; KuCoin: live order book, 11 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.021%
Avg gap 7d: +0.001%

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 KuCoin live order book, 11 min ago	0.01 bp	6.0 bp −$6	6.0 bp −$60	7.6 bp −$760	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
Bluefin BTC-PERP	−0.6726%	1h	$141K	$408K	40x	as long as short
ApeX Omni BTCUSDT	−0.0238%	1h	$139.1M	$317.7M	100x	as long as short
Injective BTC/USDC PERP	−0.0137%	1h	$308K	$27.0M	52x	as long as short
Phoenix BTC	−0.0116%	1h	$1.8M	$11.4M	40x	as long as short
Perpl BTC	−0.0112%	43m	$408K	$28.9M	6.7x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$4K	50x	as long as short
BloFin BTC-USDT	−0.0074%	8h	$424.0M	$565.6M	150x	as long as short
01 Exchange BTCUSD	−0.0064%	1h	$289K	$2.4M	50x	as long as short
SoDEX BTC-USD	−0.0053%	1h	$60.8M	$283.7M	40x	as long as short
Kraken Futures PF_XBTUSD	−0.0040%	1h	$188.1M	$823.3M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate BTC_USDT	−0.0028%	8h	$6.08B	$9.36B	200x	as long as short
Reya BTCRUSDPERP	−0.0020%	1h	$6.7M	$138.0M	40x	as long as short
BingX BTC-USDC	−0.0015%	8h	—	$14.9M	—	as long as short
Bybit BTCUSDT	−0.0013%	8h	$5.22B	$8.60B	150x	as long as short
Bitget BTCUSDT	−0.0005%	8h	$2.98B	$4.70B	150x	as long as short
dYdX BTC-USD	0.0000%	1h	$17.2M	$17.5M	50x	as long as short
Kalshi KXBTCPERP	0.0000%	8h	$14.4M	$596.6M	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
KuCoin XBTUSDTMshort	+0.0014%	8h	$790.4M	$617.8M	125x
OKX BTC-USDT-SWAP	+0.0020%	8h	$2.65B	$11.62B	100x	as long as short
Aftermath Perps BTCUSD	+0.0025%	1h	$87K	$156K	20x	as long as short
Aster BTCUSDT	+0.0029%	8h	$485.6M	$1.13B	200x	as long as short
Bulk BTC-USD	+0.0040%	1h	$557.2M	$154.9M	40x	as long as short
Binance BTCUSDT	+0.0046%	8h	$9.48B	$22.08B	150x	as long as short
MEXC BTC_USDT	+0.0047%	8h	$5.08B	$5.17B	500x	as long as short
Aevo BTC-PERP	+0.0048%	1h	$2.4M	$1.5M	20x	as long as short
HTX BTC-USDT	+0.0056%	8h	$2.28B	$849.5M	200x	as long as short
Popdex BTCUSDT	+0.0056%	1h	$8.7M	$45.7M	100x	as long as short
Derive BTC-PERPlong	+0.0078%	1h	$30.2M	$59.4M	15x
StandX BTC-USD	+0.0078%	1h	$30.6M	$229.3M	40x	as long as short
Extended BTC-USD	+0.0080%	1h	$49.0M	$206.7M	50x	as long as short
Variational Omni BTC	+0.0088%	8h	$171.1M	$507.1M	—	as long as short
Paradex BTC-USD-PERP	+0.0092%	8h	$4.4M	$6.7M	50x	as long as short
Lighter BTC	+0.0096%	1h	$171.9M	$911.4M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.6M	$133.4M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$190K	$5.6M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.4M	$228.7M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.9M	$364.7M	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	$84.2M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$37.3M	$114.4M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	$277.8M	$889.3M	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	$11.7M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	$236K	$3.3M	20x	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	$6.2M	100x	as long as short
Phemex BTCUSDT	+0.0100%	8h	$150.1M	$411.3M	150x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$89.2M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	$128.8M	$6.20B	50x	as long as short
Deribit BTC-PERPETUAL	+0.0118%	1h	$911.1M	$1.12B	50x	as long as short
Hyperliquid BTC	+0.0125%	1h	$3.89B	$4.45B	40x	as long as short
RISEx BTC/USDC	+0.0132%	1h	$8.7M	$38.4M	25x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0174% / S −0.0151%	1h	$12.5M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0184%	1h	$717K	$7.4M	30x	as long as short