BTC

Alert

Funding spread now, next payment 13:00 UTC+0.0329%/8h

paid, last 24h+0.060%paid, last 7 days+0.198%to open and close $10k−$18

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.198% in total (about 10.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX BTCUSDC	85,165.5	−0.0119	get 0.0060% / 4h	3h 31m	$283.3M	$706.5M	100x
Short	Deribit BTC-PERPETUAL	85,129	0.0210	get 0.0026% / 1h	31m 47s	$802.5M	$784.7M	50x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee edgeXbpFee DeribitbpOrdersRate

Funding earned: $69.02
Slippage, 4 orders: −$2.41
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $50.61
Break-even: 1.9 days

Slippage from edgeX: live order book, 4 min ago; Deribit: live order book, 4 min ago.

Price risk

price view

Price gap now: −0.043%
Avg gap 7d: +0.071%

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 edgeX live order book, 4 min ago	0.07 bp	4.6 bp −$5	4.6 bp −$46	4.7 bp −$473	5.6 bp −$2,816
Sell Deribit live order book, 4 min ago	0.70 bp	4.2 bp −$4	4.6 bp −$46	8.5 bp −$851	17.7 bp −$8,849

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Perpl BTC	−0.0335%	43m	$443K	$33.4M	6.7x	as long as short
edgeX BTCUSDClong	−0.0119%	4h	$283.3M	$706.5M	100x
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$2K	50x	as long as short
Reya BTCRUSDPERP	−0.0062%	1h	$6.9M	$119.3M	40x	as long as short
Gate BTC_USDT	−0.0046%	8h	$5.94B	$7.50B	200x	as long as short
01 Exchange BTCUSD	−0.0032%	1h	$303K	$2.1M	50x	as long as short
Injective BTC/USDC PERP	−0.0021%	1h	$445K	$29.9M	52x	as long as short
HTX BTC-USDT	−0.0017%	8h	$2.28B	$690.2M	200x	as long as short
Bitget BTCUSDT	−0.0003%	8h	$2.90B	$3.84B	150x	as long as short
BingX BTC-USDC	−0.0001%	8h	—	$14.8M	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
dYdX BTC-USD	0.0000%	1h	$16.4M	$12.6M	50x	as long as short
Kalshi KXBTCPERP	0.0000%	8h	$9.2M	$417.1M	6.4x	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	+0.0020%	1h	$61.3M	$208.0M	40x	as long as short
ApeX Omni BTCUSDT	+0.0026%	1h	$136.4M	$312.5M	100x	as long as short
Phemex BTCUSDT	+0.0050%	8h	$171.3M	$337.8M	150x	as long as short
SunX BTC-USDT	+0.0056%	8h	$3.3M	$5.0M	100x	as long as short
Phoenix BTC	+0.0080%	1h	$1.5M	$11.2M	40x	as long as short
Aster BTCUSDT	+0.0080%	8h	$479.9M	$838.4M	200x	as long as short
Backpack BTC_USDC_PERP	+0.0090%	1h	$40.4M	$95.0M	75x	as long as short
Lighter BTC	+0.0096%	1h	$189.1M	$739.8M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$25.1M	$115.3M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	$8.4M	$35.4M	100x	as long as short
Aevo BTC-PERP	+0.0096%	1h	$2.4M	$1.8M	20x	as long as short
Paradex BTC-USD-PERP	+0.0099%	8h	$4.4M	$6.3M	50x	as long as short
KuCoin XBTUSDTM	+0.0099%	8h	$809.3M	$522.8M	125x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$235K	$4.4M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$25.7M	$196.7M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$37.3M	$268.3M	50x	as long as short
Binance BTCUSDT	+0.0100%	8h	$9.44B	$17.22B	150x	as long as short
Bybit BTCUSDT	+0.0100%	8h	$4.93B	$6.82B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	$2.55B	$9.55B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$4.0M	$15.0M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	$6.6M	$69.2M	40x	as long as short
MEXC BTC_USDT	+0.0100%	8h	$4.91B	$4.09B	500x	as long as short
Variational Omni BTC	+0.0100%	8h	$173.2M	$417.7M	—	as long as short
StandX BTC-USD	+0.0100%	1h	$30.7M	$252.3M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	—	$9.4M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	$10.8M	$9.4M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	$235K	$3.3M	20x	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	$353K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	$26.5M	$45.4M	15x	as long as short
Bulk BTC-USD	+0.0100%	1h	$529.8M	$139.6M	40x	as long as short
Aftermath Perps BTCUSD	+0.0101%	1h	$83K	$145K	20x	as long as short
Extended BTC-USD	+0.0104%	1h	$47.4M	$165.8M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$75.6M	500x	as long as short
RISEx BTC/USDC	+0.0116%	1h	$7.8M	$32.9M	25x	as long as short
Kraken Futures PF_XBTUSD	+0.0117%	1h	$185.3M	$663.0M	100x	as long as short
Coinbase International BTC-PERP-INTX	+0.0136%	1h	$138.5M	$5.75B	50x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0181% / S −0.0181%	1h	$12.4M	—	200x	as long as short
Deribit BTC-PERPETUALshort	+0.0210%	1h	$802.5M	$784.7M	50x
BloFin BTC-USDT	+0.0220%	8h	$416.8M	$378.4M	150x	as long as short
Hibachi BTC/USDT-P	+0.0256%	1h	$691K	$7.3M	30x	as long as short
Hyperliquid BTC	+0.0464%	1h	$3.88B	$3.61B	40x	as long as short