BTC

Alert

Funding spread now, next payment 13:00 UTC+0.0215%/8h

paid, last 24h+0.051%paid, last 7 days+0.249%to open and close $10k−$11

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 30m	$283.3M	$706.5M	100x
Short	Lighter RH BTC	85,031.8	0.0096	get 0.0012% / 1h	30m 31s	$25.1M	$115.7M	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee edgeXbpFee Lighter RHbpOrdersRate

Funding earned: $45.19
Slippage, 4 orders: −$2.16
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $34.03
Break-even: 1.7 days

Slippage from edgeX: live order book, 5 min ago; Lighter RH: live order book, 5 min ago.

Price risk

price view

Price gap now: −0.157%
Avg gap 7d: +0.049%

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, 5 min ago	0.07 bp	4.6 bp −$5	4.6 bp −$46	4.7 bp −$473	5.6 bp −$2,816
Sell Lighter RH live order book, 5 min ago	0.59 bp	0.6 bp −$1	0.6 bp −$6	2.4 bp −$239	16.6 bp −$8,287

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	$33.5M	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	$6.8M	$119.7M	40x	as long as short
Gate BTC_USDT	−0.0046%	8h	$5.93B	$7.52B	200x	as long as short
01 Exchange BTCUSD	−0.0032%	1h	$309K	$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	−0.0019%	8h	$2.27B	$690.5M	200x	as long as short
Bitget BTCUSDT	−0.0004%	8h	$2.90B	$3.84B	150x	as long as short
BingX BTC-USDT	−0.0003%	8h	—	$1.13B	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
dYdX BTC-USD	0.0000%	1h	$16.3M	$12.6M	50x	as long as short
Kalshi KXBTCPERP	0.0000%	8h	$9.0M	$417.7M	6.4x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	$36.3M	—	200x	as long as short
SoDEX BTC-USD	+0.0016%	1h	$61.2M	$208.0M	40x	as long as short
ApeX Omni BTCUSDT	+0.0025%	1h	$136.3M	$312.7M	100x	as long as short
Phemex BTCUSDT	+0.0054%	8h	$171.1M	$338.1M	150x	as long as short
SunX BTC-USDT	+0.0056%	8h	$3.3M	$5.0M	100x	as long as short
Aster BTCUSDT	+0.0076%	8h	$483.0M	$841.3M	200x	as long as short
Phoenix BTC	+0.0080%	1h	$1.5M	$11.2M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0085%	1h	$40.3M	$95.4M	75x	as long as short
Aftermath Perps BTCUSD	+0.0093%	1h	$83K	$144K	20x	as long as short
Lighter BTC	+0.0096%	1h	$189.4M	$741.1M	50x	as long as short
Lighter RH BTCshort	+0.0096%	1h	$25.1M	$115.7M	50x
Popdex BTCUSDT	+0.0096%	1h	$8.4M	$35.5M	100x	as long as short
Aevo BTC-PERP	+0.0096%	1h	$2.4M	$1.8M	20x	as long as short
KuCoin XBTUSDTM	+0.0098%	8h	$810.0M	$523.6M	125x	as long as short
Paradex BTC-USD-PERP	+0.0098%	8h	$4.4M	$6.5M	50x	as long as short
StandX BTC-USD	+0.0099%	1h	$30.6M	$252.4M	40x	as long as short
OKX BTC-USDT-SWAP	+0.0099%	8h	$2.54B	$9.55B	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$234K	$4.4M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$25.4M	$197.2M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$37.2M	$268.3M	50x	as long as short
Binance BTCUSDT	+0.0100%	8h	$9.45B	$17.25B	150x	as long as short
Bybit BTCUSDT	+0.0100%	8h	$4.92B	$6.83B	150x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$3.9M	$15.0M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	$6.5M	$69.5M	40x	as long as short
MEXC BTC_USDT	+0.0100%	8h	$4.91B	$4.10B	500x	as long as short
Variational Omni BTC	+0.0100%	8h	$174.2M	$418.9M	—	as long as short
Vest BTC-PERP	+0.0100%	1h	—	$9.6M	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
Extended BTC-USD	+0.0104%	1h	$47.4M	$166.0M	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	$8.0M	$33.3M	25x	as long as short
Kraken Futures PF_XBTUSD	+0.0117%	1h	$185.3M	$664.0M	100x	as long as short
Coinbase International BTC-PERP-INTX	+0.0136%	1h	$138.6M	$5.75B	50x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0181% / S −0.0166%	1h	$11.8M	—	200x	as long as short
Deribit BTC-PERPETUAL	+0.0200%	1h	$803.1M	$787.2M	50x	as long as short
BloFin BTC-USDT	+0.0220%	8h	$416.2M	$379.9M	150x	as long as short
Hibachi BTC/USDT-P	+0.0256%	1h	$689K	$7.4M	30x	as long as short
Hyperliquid BTC	+0.0455%	1h	$3.87B	$3.62B	40x	as long as short