BTC

Alert

Funding spread now, next payment 14:00 UTC+0.0100%/8h

paid, last 24h+0.033%paid, last 3 days+0.044%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX BTC-USD	85,091.7	0	get 0.0000% / 1h	35m 43s	$16.4M	$13.0M	50x
Short	Variational Omni BTC	85,119.9	0.0100	get 0.0100% / 8h	2h 35m	$171.5M	$441.5M	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee dYdXbpFee Variational OmnibpOrdersRate

Funding earned: $21
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $11
Break-even: 3.3 days

Slippage unknown: dYdX: live order book, 5 min ago; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.033%
Avg gap 7d: −0.008%

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 dYdX live order book, 5 min ago	0.70 bp	6.2 bp −$6	10.2 bp −$102	13.2 bp −$1,319	20.0 bp −$9,986
Sell Variational Omni RFQ quote, 5 min ago	0.58 bp	doesn't fit	0.6 bp −$6	3.4 bp −$338	doesn't fit

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Perpl BTC	−0.0223%	43m	$413K	$31.9M	6.7x	as long as short
ApeX Omni BTCUSDT	−0.0191%	1h	$137.2M	$313.8M	100x	as long as short
edgeX BTCUSDC	−0.0106%	4h	$283.4M	$733.0M	100x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$2K	50x	as long as short
Gate BTC_USDT	−0.0058%	8h	$6.02B	$7.78B	200x	as long as short
Reya BTCRUSDPERP	−0.0049%	1h	$6.8M	$128.3M	40x	as long as short
Injective BTC/USDC PERP	−0.0036%	1h	$322K	$27.0M	52x	as long as short
01 Exchange BTCUSD	−0.0032%	1h	$314K	$2.1M	50x	as long as short
Bitget BTCUSDT	−0.0015%	8h	$2.93B	$3.95B	150x	as long as short
BingX BTC-USDC	−0.0013%	8h	—	$15.1M	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
HTX BTC-USDT	−0.0005%	8h	$2.28B	$721.5M	200x	as long as short
dYdX BTC-USDlong	0.0000%	1h	$16.4M	$13.0M	50x
Kalshi KXBTCPERP	0.0000%	8h	$8.7M	$446.9M	6.4x	as long as short
Aftermath Perps BTCUSD	+0.0004%	1h	$83K	$137K	20x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	$36.4M	—	200x	as long as short
SoDEX BTC-USD	+0.0005%	1h	$61.1M	$233.3M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0031%	1h	$39.9M	$102.8M	75x	as long as short
Phemex BTCUSDT	+0.0039%	8h	$163.9M	$352.4M	150x	as long as short
Popdex BTCUSDT	+0.0048%	1h	$8.4M	$36.5M	100x	as long as short
Aster BTCUSDT	+0.0054%	8h	$489.7M	$865.9M	200x	as long as short
Nado BTC-PERP	+0.0073%	1h	$23.0M	$203.7M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0074%	8h	$2.55B	$9.85B	100x	as long as short
KuCoin XBTUSDTM	+0.0079%	8h	$802.4M	$544.4M	125x	as long as short
Bullet BTC-USD	+0.0079%	1h	$227K	$3.3M	20x	as long as short
RISEx BTC/USDC	+0.0090%	1h	$8.3M	$34.7M	25x	as long as short
Lighter BTC	+0.0096%	1h	$188.0M	$771.0M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$25.0M	$121.4M	50x	as long as short
Aevo BTC-PERP	+0.0096%	1h	$2.4M	$1.7M	20x	as long as short
Paradex BTC-USD-PERP	+0.0098%	8h	$4.3M	$6.5M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$233K	$4.5M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.4M	$289.3M	50x	as long as short
Binance BTCUSDT	+0.0100%	8h	$9.50B	$17.77B	150x	as long as short
Bybit BTCUSDT	+0.0100%	8h	$5.04B	$7.11B	150x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$3.9M	$14.8M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	$6.4M	$72.2M	40x	as long as short
MEXC BTC_USDT	+0.0100%	8h	$5.04B	$4.30B	500x	as long as short
Variational Omni BTCshort	+0.0100%	8h	$171.5M	$441.5M	—
StandX BTC-USD	+0.0100%	1h	$30.4M	$248.8M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	—	$12.3M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	$10.7M	$9.7M	50x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.2M	$6.3M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	$142K	$355K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	$26.1M	$49.8M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$5.0M	100x	as long as short
Bulk BTC-USD	+0.0100%	1h	$531.7M	$81.4M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	$47.0M	$172.6M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$78.9M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0120%	1h	$139.8M	$5.86B	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0124%	1h	$185.8M	$690.4M	100x	as long as short
Phoenix BTC	+0.0126%	1h	$1.5M	$10.3M	40x	as long as short
Hyperliquid BTC	+0.0169%	1h	$3.85B	$3.77B	40x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0190% / S −0.0195%	1h	$12.9M	—	200x	as long as short
BloFin BTC-USDT	+0.0220%	8h	$419.3M	$401.3M	150x	as long as short
Hibachi BTC/USDT-P	+0.0232%	1h	$609K	$7.5M	30x	as long as short
Deribit BTC-PERPETUAL	+0.0440%	1h	$829.6M	$849.8M	50x	as long as short