BTC

Alert

Funding spread now, next payment 15:00 UTC−0.0105%/8h

paid, last 24h−0.040%paid, last 3 days−0.183%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BTC-USDT	85,180.2	0.0025	pay 0.0025% / 8h	1h 49m	$2.28B	$777.8M	200x
Short	Hotstuff BTC-PERP	85,088	−0.0080	pay 0.0010% / 1h	49m 46s	$8K	$3K	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee HTXbpFee HotstuffbpOrdersRate

Funding earned: −$22.02
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$39.02
Break-even: never at this rate

Slippage unknown: HTX: live order book, 1 min ago; Hotstuff: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.108%
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 HTX live order book, 1 min ago	0.01 bp	6.0 bp −$6	6.1 bp −$61	9.2 bp −$916	12.0 bp −$6,010
Sell Hotstuff no order-book sample	—	—	—	—	—

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
Perpl BTC	−0.0447%	43m	$431K	$31.6M	6.7x	as long as short
ApeX Omni BTCUSDT	−0.0172%	1h	$137.1M	$315.6M	100x	as long as short
edgeX BTCUSDC	−0.0114%	4h	$281.7M	$788.6M	100x	as long as short
Hotstuff BTC-PERPshort	−0.0080%	1h	$8K	$3K	50x
Aftermath Perps BTCUSD	−0.0046%	1h	$83K	$140K	20x	as long as short
Reya BTCRUSDPERP	−0.0035%	1h	$6.8M	$136.0M	40x	as long as short
01 Exchange BTCUSD	−0.0032%	1h	$279K	$2.3M	50x	as long as short
Derive BTC-PERP	−0.0028%	1h	$27.8M	$54.7M	15x	as long as short
Gate BTC_USDT	−0.0018%	8h	$6.00B	$8.44B	200x	as long as short
Phemex BTCUSDT	−0.0016%	8h	$158.1M	$371.2M	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget BTCUSDT	−0.0011%	8h	$2.95B	$4.26B	150x	as long as short
BingX BTC-USDT	−0.0011%	8h	—	$1.29B	—	as long as short
dYdX BTC-USD	0.0000%	1h	$16.0M	$13.8M	50x	as long as short
Kalshi KXBTCPERP	0.0000%	8h	$8.2M	$493.7M	6.4x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	$36.4M	—	200x	as long as short
Phoenix BTC	+0.0015%	1h	$1.6M	$10.8M	40x	as long as short
HTX BTC-USDTlong	+0.0025%	8h	$2.28B	$777.8M	200x
Aster BTCUSDT	+0.0037%	8h	$486.5M	$990.8M	200x	as long as short
Kraken Futures PF_XBTUSD	+0.0042%	1h	$185.6M	$746.2M	100x	as long as short
SoDEX BTC-USD	+0.0054%	1h	$61.1M	$234.5M	40x	as long as short
OKX BTC-USDT-SWAP	+0.0058%	8h	$2.55B	$10.61B	100x	as long as short
KuCoin XBTUSDTM	+0.0067%	8h	$800.9M	$575.2M	125x	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	$4.92B	$4.62B	500x	as long as short
Binance BTCUSDT	+0.0094%	8h	$9.48B	$19.40B	150x	as long as short
Lighter BTC	+0.0096%	1h	$181.7M	$846.2M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$25.2M	$130.6M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	$8.4M	$40.2M	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	$209K	$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	$36.2M	$310.2M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	$5.04B	$7.77B	150x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$3.9M	$15.5M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	$6.1M	$77.1M	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	$101.9M	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	$30.4M	$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	$248K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.3M	$6.7M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	$142K	$399K	40x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$5.3M	100x	as long as short
Extended BTC-USD	+0.0104%	1h	$47.1M	$199.6M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$85.3M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	$142.7M	$6.09B	50x	as long as short
Hyperliquid BTC	+0.0115%	1h	$3.84B	$4.07B	40x	as long as short
RISEx BTC/USDC	+0.0178%	1h	$8.5M	$36.6M	25x	as long as short
Injective BTC/USDC PERP	+0.0180%	1h	$306K	$27.0M	52x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0196% / S −0.0203%	1h	$12.9M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0200%	1h	$630K	$7.6M	30x	as long as short
BloFin BTC-USDT	+0.0215%	8h	$421.4M	$477.0M	150x	as long as short
Deribit BTC-PERPETUAL	+0.0506%	1h	$849.1M	$919.5M	50x	as long as short