BTC

Alert

Funding spread now, next payment 15:00 UTC+0.0442%/8h

paid, last 24h+0.029%paid, last 7 days+0.032%to open and close $10k−$19

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.032% in total (about 1.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BTC-USDT	85,270.2	0.0026	pay 0.0026% / 8h	1h 48m	$2.28B	$778.6M	200x
Short	Deribit BTC-PERPETUAL	85,331.5	0.0469	get 0.0059% / 1h	48m 23s	$849.5M	$920.9M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee HTXbpFee DeribitbpOrdersRate

Funding earned: $92.85
Slippage, 4 orders: −$0.07
Fee HTX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $73.78
Break-even: 1.4 days

Slippage from HTX: live order book, 2 min ago; Deribit: live order book, 2 min ago.

Price risk

price view

Price gap now: +0.072%
Avg gap 7d: +0.062%

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 HTX live order book, 2 min ago	0.01 bp	6.0 bp −$6	6.1 bp −$61	9.2 bp −$916	12.0 bp −$6,010
Sell Deribit live order book, 2 min ago	0.03 bp	3.5 bp −$4	3.6 bp −$36	7.5 bp −$751	16.7 bp −$8,361

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bluefin BTC-PERP	−0.2056%	1h	$141K	$399K	40x	as long as short
Perpl BTC	−0.0447%	43m	$431K	$31.4M	6.7x	as long as short
ApeX Omni BTCUSDT	−0.0168%	1h	$137.2M	$315.7M	100x	as long as short
edgeX BTCUSDC	−0.0106%	4h	$281.8M	$791.6M	100x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$8K	$3K	50x	as long as short
Aftermath Perps BTCUSD	−0.0052%	1h	$83K	$140K	20x	as long as short
01 Exchange BTCUSD	−0.0040%	1h	$280K	$2.3M	50x	as long as short
Reya BTCRUSDPERP	−0.0034%	1h	$6.8M	$136.3M	40x	as long as short
Derive BTC-PERP	−0.0030%	1h	$27.8M	$54.7M	15x	as long as short
Phemex BTCUSDT	−0.0019%	8h	$158.0M	$371.6M	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate BTC_USDT	−0.0017%	8h	$6.02B	$8.45B	200x	as long as short
Bitget BTCUSDT	−0.0011%	8h	$2.96B	$4.27B	150x	as long as short
BingX BTC-USDT	−0.0011%	8h	—	$1.29B	—	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-USDTlong	+0.0026%	8h	$2.28B	$778.6M	200x
Aster BTCUSDT	+0.0040%	8h	$487.4M	$993.1M	200x	as long as short
Kraken Futures PF_XBTUSD	+0.0042%	1h	$186.1M	$746.9M	100x	as long as short
OKX BTC-USDT-SWAP	+0.0057%	8h	$2.56B	$10.65B	100x	as long as short
KuCoin XBTUSDTM	+0.0067%	8h	$802.4M	$575.6M	125x	as long as short
SoDEX BTC-USD	+0.0069%	1h	$61.1M	$234.5M	40x	as long as short
Paradex BTC-USD-PERP	+0.0084%	8h	$4.3M	$6.5M	50x	as long as short
MEXC BTC_USDT	+0.0094%	8h	$4.91B	$4.63B	500x	as long as short
Binance BTCUSDT	+0.0095%	8h	$9.52B	$19.44B	150x	as long as short
Lighter BTC	+0.0096%	1h	$181.7M	$847.0M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$25.3M	$130.9M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	$8.4M	$40.3M	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	$207K	$4.9M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.5M	$220.4M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.7M	$312.3M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	$5.05B	$7.78B	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	$77.2M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	$534.4M	$59.0M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$38.8M	$101.8M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	$171.1M	$466.0M	—	as long as short
StandX BTC-USD	+0.0100%	1h	$30.5M	$246.9M	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	$249K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.3M	$6.7M	100x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$5.3M	100x	as long as short
Kalshi KXBTCPERP	+0.0101%	8h	$8.2M	$494.7M	6.4x	as long as short
Extended BTC-USD	+0.0104%	1h	$47.0M	$199.7M	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	$143.2M	$6.09B	50x	as long as short
Hyperliquid BTC	+0.0127%	1h	$3.85B	$4.08B	40x	as long as short
RISEx BTC/USDC	+0.0178%	1h	$8.6M	$36.6M	25x	as long as short
Injective BTC/USDC PERP	+0.0180%	1h	$306K	$27.0M	52x	as long as short
Hibachi BTC/USDT-P	+0.0192%	1h	$631K	$7.6M	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-USDT	+0.0214%	8h	$422.9M	$478.6M	150x	as long as short
Deribit BTC-PERPETUALshort	+0.0469%	1h	$849.5M	$920.9M	50x