BTC

Alert

Funding spread now, next payment 00:00 UTC+0.0042%/8h

next payment, per $10,000+$0.42paid, last 24h+0.018%paid, last 3 days−0.020%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BTC_USDT	85,765.3	0.0046	pay 0.0046% / 8h	7h 25m	$6.08B	$9.44B	200x
Short	Variational Omni BTC	85,816.1	0.0088	get 0.0088% / 8h	7h 25m	$172.3M	$505.0M	—

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee GatebpFee Variational OmnibpOrdersRate

Funding earned: $8.9
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$6.1
Break-even: 11.8 days

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

Price risk

price view

Price gap now: +0.059%
Avg gap 7d: −0.007%

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 Gate live order book, 5 min ago	0.01 bp	7.5 bp −$8	7.5 bp −$75	8.8 bp −$882	11.5 bp −$5,735
Sell Variational Omni RFQ quote, just now	0.51 bp	doesn't fit	0.5 bp −$5	1.7 bp −$171	doesn't fit

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	$142K	$408K	40x	as long as short
Perpl BTC	−0.0335%	43m	$400K	$28.2M	6.7x	as long as short
Injective BTC/USDC PERP	−0.0137%	1h	$308K	$27.0M	52x	as long as short
Phoenix BTC	−0.0116%	1h	$1.9M	$11.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$4K	50x	as long as short
BloFin BTC-USDT	−0.0077%	8h	$421.7M	$567.0M	150x	as long as short
01 Exchange BTCUSD	−0.0056%	1h	$291K	$2.4M	50x	as long as short
ApeX Omni BTCUSDT	−0.0055%	1h	$138.6M	$317.8M	100x	as long as short
Kraken Futures PF_XBTUSD	−0.0040%	1h	$187.9M	$815.5M	100x	as long as short
SoDEX BTC-USD	−0.0033%	1h	$60.8M	$283.8M	40x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex BTCUSDT	−0.0024%	8h	$148.8M	$413.6M	150x	as long as short
Reya BTCRUSDPERP	−0.0019%	1h	$6.7M	$138.0M	40x	as long as short
Bitget BTCUSDT	−0.0004%	8h	$2.97B	$4.68B	150x	as long as short
BingX BTC-USDT	−0.0004%	8h	—	$1.39B	—	as long as short
dYdX BTC-USD	0.0000%	1h	$17.2M	$17.6M	50x	as long as short
Bybit BTCUSDT	+0.0001%	8h	$5.22B	$8.59B	150x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	$36.7M	—	200x	as long as short
KuCoin XBTUSDTM	+0.0009%	8h	$790.6M	$615.3M	125x	as long as short
OKX BTC-USDT-SWAP	+0.0015%	8h	$2.65B	$11.61B	100x	as long as short
Bulk BTC-USD	+0.0019%	1h	$558.8M	$146.4M	40x	as long as short
Aster BTCUSDT	+0.0029%	8h	$497.2M	$1.13B	200x	as long as short
Aevo BTC-PERP	+0.0040%	1h	$2.4M	$1.4M	20x	as long as short
MEXC BTC_USDT	+0.0042%	8h	$5.12B	$5.22B	500x	as long as short
Binance BTCUSDT	+0.0043%	8h	$9.47B	$21.95B	150x	as long as short
Gate BTC_USDTlong	+0.0046%	8h	$6.08B	$9.44B	200x
Extended BTC-USD	+0.0048%	1h	$48.7M	$206.2M	50x	as long as short
Aftermath Perps BTCUSD	+0.0055%	1h	$87K	$149K	20x	as long as short
Bullet BTC-USD	+0.0080%	1h	$231K	$3.3M	20x	as long as short
Variational Omni BTCshort	+0.0088%	8h	$172.3M	$505.0M	—
StandX BTC-USD	+0.0092%	1h	$30.6M	$230.9M	40x	as long as short
Paradex BTC-USD-PERP	+0.0093%	8h	$4.4M	$6.8M	50x	as long as short
Deribit BTC-PERPETUAL	+0.0094%	1h	$911.3M	$1.12B	50x	as long as short
Lighter BTC	+0.0096%	1h	$171.6M	$927.9M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.6M	$134.8M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	$8.5M	$46.8M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$197K	$5.7M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.3M	$226.2M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.6M	$374.9M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$3.9M	$16.2M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	$6.5M	$84.4M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$37.4M	$117.8M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	$278.4M	$889.4M	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
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.4M	$7.3M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	$30.3M	$60.7M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$6.0M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	$2.29B	$842.5M	200x	as long as short
Kalshi KXBTCPERP	+0.0103%	8h	$14.5M	$606.0M	6.4x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$87.4M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	$128.6M	$6.14B	50x	as long as short
Hyperliquid BTC	+0.0122%	1h	$3.89B	$4.43B	40x	as long as short
Hibachi BTC/USDT-P	+0.0128%	1h	$732K	$7.4M	30x	as long as short
RISEx BTC/USDC	+0.0132%	1h	$8.9M	$38.3M	25x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0171% / S −0.0147%	1h	$12.4M	—	200x	as long as short