BTC

Alert

Funding spread now, next payment 17:00 UTC+0.0091%/8h

next payment, per $10,000+$0.11paid, last 24h+0.027%paid, last 3 days+0.178%to open and close $10k−$9

Long on gTrade (Gains Network)Short on Lighter

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) BTC/USD	85,907.2	L +0.0005% / S −0.0004%	pay 0.0001% / 1h	42m 15s	$36.8M	—	200x
Short	Lighter BTC	85,846.3	0.0096	get 0.0012% / 1h	42m 15s	$171.6M	$914.4M	50x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee LighterbpOrdersRate

Funding earned: $19.2
Slippage, 4 orders: −$2.01
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: $10.19
Break-even: 3.3 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 3 min ago; Lighter: live order book, 8 min ago.

Price risk

price view

Price gap now: −0.071%
Avg gap 7d: +0.006%

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 gTrade (Gains Network) virtual book (oracle venue), 3 min ago	0.51 bp	4.0 bp −$4	4.1 bp −$41	4.5 bp −$446	6.4 bp −$3,179
Sell Lighter live order book, 8 min ago	0.01 bp	1.0 bp −$1	1.3 bp −$13	2.1 bp −$207	4.8 bp −$2,398

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bluefin BTC-PERP	−0.8000%	1h	$143K	$408K	40x	as long as short
Perpl BTC	−0.0335%	43m	$405K	$28.8M	6.7x	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
Phemex BTCUSDT	−0.0115%	8h	$149.6M	$411.4M	150x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$4K	50x	as long as short
BloFin BTC-USDT	−0.0074%	8h	$424.7M	$567.2M	150x	as long as short
01 Exchange BTCUSD	−0.0056%	1h	$292K	$2.4M	50x	as long as short
Kraken Futures PF_XBTUSD	−0.0040%	1h	$188.3M	$822.2M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
SoDEX BTC-USD	−0.0034%	1h	$60.9M	$283.6M	40x	as long as short
Reya BTCRUSDPERP	−0.0020%	1h	$6.7M	$138.0M	40x	as long as short
BingX BTC-USDT	−0.0015%	8h	—	$1.39B	—	as long as short
Bitget BTCUSDT	−0.0004%	8h	$2.98B	$4.70B	150x	as long as short
dYdX BTC-USD	0.0000%	1h	$17.3M	$17.5M	50x	as long as short
gTrade (Gains Network) BTC/USDlong	L +0.0005% / S −0.0004%	1h	$36.8M	—	200x
KuCoin XBTUSDTM	+0.0014%	8h	$792.1M	$616.2M	125x	as long as short
Bybit BTCUSDT	+0.0016%	8h	$5.23B	$8.60B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0020%	8h	$2.65B	$11.65B	100x	as long as short
Aftermath Perps BTCUSD	+0.0026%	1h	$87K	$152K	20x	as long as short
Aster BTCUSDT	+0.0032%	8h	$487.0M	$1.13B	200x	as long as short
Bulk BTC-USD	+0.0040%	1h	$557.2M	$154.9M	40x	as long as short
Gate BTC_USDT	+0.0044%	8h	$6.09B	$9.38B	200x	as long as short
MEXC BTC_USDT	+0.0045%	8h	$5.10B	$5.18B	500x	as long as short
Binance BTCUSDT	+0.0046%	8h	$9.49B	$22.07B	150x	as long as short
Aevo BTC-PERP	+0.0048%	1h	$2.4M	$1.5M	20x	as long as short
Popdex BTCUSDT	+0.0056%	1h	$8.5M	$45.7M	100x	as long as short
StandX BTC-USD	+0.0074%	1h	$30.6M	$229.3M	40x	as long as short
Extended BTC-USD	+0.0080%	1h	$48.9M	$206.8M	50x	as long as short
Deribit BTC-PERPETUAL	+0.0084%	1h	$911.1M	$1.12B	50x	as long as short
Variational Omni BTC	+0.0088%	8h	$171.1M	$507.1M	—	as long as short
Paradex BTC-USD-PERP	+0.0093%	8h	$4.4M	$6.7M	50x	as long as short
Lighter BTCshort	+0.0096%	1h	$171.6M	$914.4M	50x
Lighter RH BTC	+0.0096%	1h	$24.5M	$133.7M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$191K	$5.6M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.3M	$228.8M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$37.0M	$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	$6.4M	$84.2M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$37.4M	$115.2M	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	$11.6M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	$237K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.4M	$7.3M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	$30.2M	$59.4M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$6.1M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	$2.29B	$843.1M	200x	as long as short
Kalshi KXBTCPERP	+0.0101%	8h	$13.9M	$598.3M	6.4x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$89.1M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	$128.8M	$6.21B	50x	as long as short
RISEx BTC/USDC	+0.0132%	1h	$8.7M	$38.5M	25x	as long as short
Hyperliquid BTC	+0.0135%	1h	$3.90B	$4.46B	40x	as long as short
Hibachi BTC/USDT-P	+0.0184%	1h	$717K	$7.4M	30x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0198% / S −0.0175%	1h	$12.4M	—	200x	as long as short