BTC

Alert

Funding spread now, next payment 15:00 UTC+0.0295%/8h

paid, last 24h+0.044%paid, last 3 days+0.214%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff BTC-PERP	85,278	−0.0080	get 0.0010% / 1h	45m 22s	$8K	$3K	50x
Short	BloFin BTC-USDT	85,224.2	0.0215	get 0.0215% / 8h	1h 45m	$422.6M	$479.1M	150x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee HotstuffbpFee BloFinbpOrdersRate

Funding earned: $62.04
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: $45.04
Break-even: 1.9 days

Slippage unknown: Hotstuff: no order-book sample; BloFin: live order book, 5 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.063%
Avg gap 7d: —

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 Hotstuff no order-book sample	—	—	—	—	—
Sell BloFin live order book, 5 min ago	0.03 bp	6.0 bp −$6	6.1 bp −$61	6.6 bp −$664	8.2 bp −$4,122

Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bluefin BTC-PERP	−0.1718%	1h	$142K	$400K	40x	as long as short
Perpl BTC	−0.0447%	43m	$430K	$31.4M	6.7x	as long as short
edgeX BTCUSDC	−0.0109%	4h	$282.7M	$795.0M	100x	as long as short
ApeX Omni BTCUSDT	−0.0092%	1h	$137.6M	$316.2M	100x	as long as short
Hotstuff BTC-PERPlong	−0.0080%	1h	$8K	$3K	50x
Aftermath Perps BTCUSD	−0.0050%	1h	$83K	$140K	20x	as long as short
01 Exchange BTCUSD	−0.0048%	1h	$279K	$2.3M	50x	as long as short
Reya BTCRUSDPERP	−0.0034%	1h	$6.8M	$137.1M	40x	as long as short
Gate BTC_USDT	−0.0019%	8h	$6.01B	$8.48B	200x	as long as short
Derive BTC-PERP	−0.0017%	1h	$27.9M	$54.7M	15x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BingX BTC-USDT	−0.0011%	8h	—	$1.29B	—	as long as short
Phemex BTCUSDT	−0.0010%	8h	$157.9M	$372.7M	150x	as long as short
Bitget BTCUSDT	−0.0010%	8h	$2.96B	$4.27B	150x	as long as short
dYdX BTC-USD	0.0000%	1h	$16.1M	$13.8M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	$36.5M	—	200x	as long as short
Phoenix BTC	+0.0015%	1h	$1.6M	$10.8M	40x	as long as short
HTX BTC-USDT	+0.0029%	8h	$2.28B	$778.9M	200x	as long as short
Aster BTCUSDT	+0.0038%	8h	$491.0M	$1000.0M	200x	as long as short
Kraken Futures PF_XBTUSD	+0.0042%	1h	$186.6M	$747.9M	100x	as long as short
OKX BTC-USDT-SWAP	+0.0056%	8h	$2.56B	$10.65B	100x	as long as short
SoDEX BTC-USD	+0.0060%	1h	$61.1M	$234.5M	40x	as long as short
KuCoin XBTUSDTM	+0.0066%	8h	$801.9M	$576.0M	125x	as long as short
Paradex BTC-USD-PERP	+0.0083%	8h	$4.3M	$6.5M	50x	as long as short
MEXC BTC_USDT	+0.0094%	8h	$4.91B	$4.64B	500x	as long as short
Binance BTCUSDT	+0.0094%	8h	$9.51B	$19.49B	150x	as long as short
Lighter BTC	+0.0096%	1h	$181.6M	$849.2M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$25.4M	$131.6M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	$8.4M	$40.5M	100x	as long as short
Aevo BTC-PERP	+0.0096%	1h	$2.4M	$1.7M	20x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$205K	$4.9M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.6M	$221.4M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.7M	$312.3M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	$5.04B	$7.80B	150x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$3.9M	$15.6M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	$6.1M	$77.3M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	$533.0M	$59.2M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$39.1M	$101.1M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	$172.0M	$467.0M	—	as long as short
StandX BTC-USD	+0.0100%	1h	$30.5M	$246.8M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	—	$13.1M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	$10.8M	$10.5M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	$248K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.4M	$6.7M	100x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$5.3M	100x	as long as short
Kalshi KXBTCPERP	+0.0100%	8h	$8.4M	$497.6M	6.4x	as long as short
Extended BTC-USD	+0.0104%	1h	$47.2M	$199.9M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$85.5M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	$142.9M	$6.11B	50x	as long as short
Hyperliquid BTC	+0.0119%	1h	$3.84B	$4.09B	40x	as long as short
RISEx BTC/USDC	+0.0178%	1h	$8.7M	$36.7M	25x	as long as short
Injective BTC/USDC PERP	+0.0180%	1h	$306K	$27.0M	52x	as long as short
Hibachi BTC/USDT-P	+0.0184%	1h	$595K	$7.5M	30x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0197% / S −0.0209%	1h	$13.1M	—	200x	as long as short
BloFin BTC-USDTshort	+0.0215%	8h	$422.6M	$479.1M	150x
Deribit BTC-PERPETUAL	+0.0314%	1h	$849.4M	$921.6M	50x	as long as short