BTC

Alert

Funding spread now, next payment 17:00 UTC+0.0020%/8h

next payment, per $10,000+$0.02paid, last 24h−0.042%paid, last 3 days−0.417%to open and close $10k−$16

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi BTC/USDT-P	85,876.5	0.0112	pay 0.0014% / 1h	9m 52s	$733K	$7.4M	30x
Short	RISEx BTC/USDC	85,951.5	0.0132	get 0.0016% / 1h	9m 52s	$9.1M	$38.7M	25x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee HibachibpFee RISExbpOrdersRate

Funding earned: $4.17
Slippage, 4 orders: −$0.7
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$11.53
Break-even: 26.4 days

Slippage from Hibachi: live order book, 6 min ago; RISEx: live order book, 6 min ago.

Price risk

price view

Price gap now: +0.087%
Avg gap 7d: −0.031%

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 Hibachi live order book, 6 min ago	0.01 bp	4.7 bp −$5	4.7 bp −$47	40.8 bp −$4,084	doesn't fit
Sell RISEx live order book, 6 min ago	0.01 bp	3.0 bp −$3	5.0 bp −$50	11.4 bp −$1,136	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	−0.7861%	1h	$142K	$367K	40x	as long as short
Perpl BTC	−0.0335%	43m	$409K	$27.7M	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
BloFin BTC-USDT	−0.0081%	8h	$423.3M	$562.5M	150x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$4K	50x	as long as short
Phemex BTCUSDT	−0.0069%	8h	$148.4M	$412.8M	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	$188.7M	$811.4M	100x	as long as short
ApeX Omni BTCUSDT	−0.0030%	1h	$138.6M	$318.2M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
SoDEX BTC-USD	−0.0026%	1h	$60.9M	$283.8M	40x	as long as short
Reya BTCRUSDPERP	−0.0019%	1h	$6.7M	$138.0M	40x	as long as short
Extended BTC-USD	−0.0008%	1h	$48.7M	$202.2M	50x	as long as short
dYdX BTC-USD	−0.0005%	1h	$17.4M	$17.7M	50x	as long as short
BingX BTC-USDC	−0.0004%	8h	—	$14.7M	—	as long as short
Bulk BTC-USD	−0.0004%	1h	$559.1M	$139.9M	40x	as long as short
Bitget BTCUSDT	−0.0003%	8h	$2.97B	$4.65B	150x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	$36.8M	—	200x	as long as short
KuCoin XBTUSDTM	+0.0005%	8h	$793.6M	$609.1M	125x	as long as short
Bybit BTCUSDT	+0.0009%	8h	$5.25B	$8.54B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0013%	8h	$2.66B	$11.52B	100x	as long as short
Aster BTCUSDT	+0.0027%	8h	$500.8M	$1.11B	200x	as long as short
Gate BTC_USDT	+0.0033%	8h	$6.06B	$9.52B	200x	as long as short
MEXC BTC_USDT	+0.0038%	8h	$5.15B	$5.28B	500x	as long as short
Binance BTCUSDT	+0.0040%	8h	$9.49B	$21.81B	150x	as long as short
Aevo BTC-PERP	+0.0040%	1h	$2.4M	$1.3M	20x	as long as short
Aftermath Perps BTCUSD	+0.0077%	1h	$87K	$149K	20x	as long as short
Variational Omni BTC	+0.0084%	8h	$172.3M	$506.5M	—	as long as short
Derive BTC-PERP	+0.0089%	1h	$30.4M	$60.1M	15x	as long as short
StandX BTC-USD	+0.0093%	1h	$30.6M	$229.3M	40x	as long as short
Paradex BTC-USD-PERP	+0.0094%	8h	$4.4M	$6.8M	50x	as long as short
Bullet BTC-USD	+0.0095%	1h	$231K	$3.3M	20x	as long as short
Lighter BTC	+0.0096%	1h	$172.2M	$938.1M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.7M	$136.3M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	$8.5M	$46.2M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$201K	$5.6M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.5M	$225.9M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.7M	$378.6M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$4.0M	$16.4M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	$6.6M	$84.2M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$37.5M	$121.1M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	$278.4M	$885.3M	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	$11.5M	50x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.4M	$7.3M	100x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$5.9M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	$2.29B	$840.3M	200x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$85.9M	500x	as long as short
Kalshi KXBTCPERP	+0.0105%	8h	$14.5M	$610.2M	6.4x	as long as short
Hibachi BTC/USDT-Plong	+0.0112%	1h	$733K	$7.4M	30x
Coinbase International BTC-PERP-INTX	+0.0112%	1h	$128.0M	$6.05B	50x	as long as short
Deribit BTC-PERPETUAL	+0.0115%	1h	$911.8M	$1.11B	50x	as long as short
Hyperliquid BTC	+0.0127%	1h	$3.90B	$4.39B	40x	as long as short
RISEx BTC/USDCshort	+0.0132%	1h	$9.1M	$38.7M	25x
GMX BTC/USD [WBTC.b-USDC]	L +0.0171% / S −0.0149%	1h	$12.5M	—	200x	as long as short