BTC

Alert

Funding spread now, next payment 17:00 UTC−0.0041%/8h

paid, last 24h−0.017%paid, last 7 days+0.037%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive BTC-PERP	85,869.3	0.0091	pay 0.0011% / 1h	51m 47s	$30.3M	$59.5M	15x
Short	MEXC BTC_USDT	85,697.3	0.0050	get 0.0050% / 8h	7h 51m	$5.08B	$5.15B	500x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DerivebpFee MEXCbpOrdersRate

Funding earned: −$8.62
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$18.62
Break-even: never at this rate

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

Price risk

price view

Price gap now: −0.200%
Avg gap 7d: +0.002%

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 MEXC live order book, 4 min ago	0.01 bp	2.0 bp −$2	2.0 bp −$20	2.1 bp −$207	2.6 bp −$1,306

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
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
Gate BTC_USDT	−0.0115%	8h	$6.09B	$9.31B	200x	as long as short
Perpl BTC	−0.0112%	43m	$406K	$29.1M	6.7x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$4K	50x	as long as short
BloFin BTC-USDT	−0.0069%	8h	$423.2M	$568.2M	150x	as long as short
01 Exchange BTCUSD	−0.0056%	1h	$287K	$2.4M	50x	as long as short
SoDEX BTC-USD	−0.0053%	1h	$60.9M	$283.7M	40x	as long as short
Bybit BTCUSDT	−0.0043%	8h	$5.21B	$8.65B	150x	as long as short
Kraken Futures PF_XBTUSD	−0.0040%	1h	$188.1M	$827.2M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Reya BTCRUSDPERP	−0.0020%	1h	$6.7M	$138.0M	40x	as long as short
Bitget BTCUSDT	−0.0005%	8h	$2.97B	$4.72B	150x	as long as short
BingX BTC-USDC	−0.0004%	8h	—	$15.0M	—	as long as short
dYdX BTC-USD	0.0000%	1h	$17.2M	$17.6M	50x	as long as short
Kalshi KXBTCPERP	0.0000%	8h	$14.2M	$589.8M	6.4x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	$36.8M	—	200x	as long as short
KuCoin XBTUSDTM	+0.0017%	8h	$789.3M	$618.5M	125x	as long as short
OKX BTC-USDT-SWAP	+0.0020%	8h	$2.65B	$11.69B	100x	as long as short
Popdex BTCUSDT	+0.0024%	1h	$8.5M	$45.9M	100x	as long as short
ApeX Omni BTCUSDT	+0.0027%	1h	$139.3M	$318.2M	100x	as long as short
Aftermath Perps BTCUSD	+0.0030%	1h	$87K	$156K	20x	as long as short
Aster BTCUSDT	+0.0031%	8h	$486.5M	$1.13B	200x	as long as short
HTX BTC-USDT	+0.0040%	8h	$2.29B	$855.4M	200x	as long as short
Aevo BTC-PERP	+0.0048%	1h	$2.4M	$1.5M	20x	as long as short
Binance BTCUSDT	+0.0049%	8h	$9.47B	$22.18B	150x	as long as short
MEXC BTC_USDTshort	+0.0050%	8h	$5.08B	$5.15B	500x
Bulk BTC-USD	+0.0079%	1h	$557.9M	$149.5M	40x	as long as short
Extended BTC-USD	+0.0080%	1h	$48.9M	$209.3M	50x	as long as short
StandX BTC-USD	+0.0081%	1h	$30.6M	$229.7M	40x	as long as short
Bullet BTC-USD	+0.0090%	1h	$239K	$3.3M	20x	as long as short
Derive BTC-PERPlong	+0.0091%	1h	$30.3M	$59.5M	15x
Paradex BTC-USD-PERP	+0.0091%	8h	$4.4M	$6.8M	50x	as long as short
Lighter BTC	+0.0096%	1h	$172.8M	$905.2M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.7M	$133.0M	50x	as long as short
Variational Omni BTC	+0.0096%	8h	$171.5M	$511.0M	—	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$202K	$5.6M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.5M	$230.4M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.9M	$362.8M	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	$84.9M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$37.6M	$112.9M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	$278.4M	$883.3M	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
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.3M	$7.3M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	$143K	$408K	40x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$6.2M	100x	as long as short
Phemex BTCUSDT	+0.0100%	8h	$151.6M	$411.6M	150x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$90.0M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	$135.2M	$6.25B	50x	as long as short
Hyperliquid BTC	+0.0122%	1h	$3.89B	$4.45B	40x	as long as short
RISEx BTC/USDC	+0.0132%	1h	$8.7M	$38.8M	25x	as long as short
Deribit BTC-PERPETUAL	+0.0162%	1h	$910.7M	$1.12B	50x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0174% / S −0.0152%	1h	$12.5M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0184%	1h	$717K	$7.4M	30x	as long as short