BTC

Alert

Funding spread now, next payment 15:00 UTC−0.0140%/8h

paid, last 24h+0.006%paid, last 7 days−0.021%to open and close $10k−$19

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BTC-USDT	86,001.5	0.0054	pay 0.0054% / 8h	51m 47s	$2.30B	$811.9M	200x
Short	Phoenix BTC	85,966	−0.0086	pay 0.0011% / 1h	51m 47s	$1.6M	$10.8M	40x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee HTXbpFee PhoenixbpOrdersRate

Funding earned: −$29.4
Slippage, 4 orders: −$0.43
Fee HTX: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$48.84
Break-even: never at this rate

Slippage from HTX: live order book, 4 min ago; Phoenix: live order book, 4 min ago.

Price risk

price view

Price gap now: −0.041%
Avg gap 7d: +0.049%

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, 4 min ago	0.01 bp	6.0 bp −$6	6.1 bp −$61	8.1 bp −$812	11.2 bp −$5,588
Sell Phoenix live order book, 4 min ago	0.06 bp	3.7 bp −$4	5.7 bp −$57	10.7 bp −$1,072	283.8 bp −$141.9K

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Perpl BTC	−0.0223%	43m	$457K	$30.1M	6.7x	as long as short
ApeX Omni BTCUSDT	−0.0165%	1h	$139.6M	$317.7M	100x	as long as short
01 Exchange BTCUSD	−0.0112%	1h	$282K	$2.4M	50x	as long as short
edgeX BTCUSDC	−0.0106%	4h	$278.3M	$851.2M	100x	as long as short
Phoenix BTCshort	−0.0086%	1h	$1.6M	$10.8M	40x
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$3K	50x	as long as short
Aftermath Perps BTCUSD	−0.0078%	1h	$87K	$150K	20x	as long as short
Phemex BTCUSDT	−0.0025%	8h	$158.0M	$390.5M	150x	as long as short
Reya BTCRUSDPERP	−0.0025%	1h	$6.7M	$137.5M	40x	as long as short
Gate BTC_USDT	−0.0008%	8h	$6.13B	$9.06B	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BingX BTC-USDT	−0.0008%	8h	—	$1.36B	—	as long as short
Bitget BTCUSDT	−0.0006%	8h	$2.95B	$4.55B	150x	as long as short
dYdX BTC-USD	0.0000%	1h	$16.7M	$16.3M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	$36.8M	—	200x	as long as short
OKX BTC-USDT-SWAP	+0.0034%	8h	$2.62B	$11.32B	100x	as long as short
Aster BTCUSDT	+0.0045%	8h	$490.6M	$1.10B	200x	as long as short
KuCoin XBTUSDTM	+0.0051%	8h	$794.5M	$609.8M	125x	as long as short
HTX BTC-USDTlong	+0.0054%	8h	$2.30B	$811.9M	200x
SoDEX BTC-USD	+0.0055%	1h	$61.3M	$259.1M	40x	as long as short
Kraken Futures PF_XBTUSD	+0.0071%	1h	$183.9M	$796.3M	100x	as long as short
Binance BTCUSDT	+0.0079%	8h	$9.60B	$21.01B	150x	as long as short
MEXC BTC_USDT	+0.0079%	8h	$5.02B	$4.91B	500x	as long as short
Paradex BTC-USD-PERP	+0.0080%	8h	$4.4M	$6.6M	50x	as long as short
Aevo BTC-PERP	+0.0080%	1h	$2.4M	$1.6M	20x	as long as short
Lighter BTC	+0.0096%	1h	$179.3M	$889.5M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$25.2M	$135.2M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	$8.5M	$43.8M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$190K	$5.3M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.4M	$229.3M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.5M	$337.2M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	$5.16B	$8.29B	150x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$3.9M	$16.1M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	$5.4M	$81.2M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$39.2M	$102.9M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	$171.7M	$501.4M	—	as long as short
StandX BTC-USD	+0.0100%	1h	$30.7M	$239.8M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	—	$12.8M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	$10.9M	$11.5M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	$244K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.4M	$7.0M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	$144K	$404K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	$30.2M	$58.4M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$5.7M	100x	as long as short
Bulk BTC-USD	+0.0100%	1h	$541.8M	$78.7M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	$48.2M	$206.8M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$87.0M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	$150.4M	$6.24B	50x	as long as short
Kalshi KXBTCPERP	+0.0105%	8h	$10.1M	$549.3M	6.4x	as long as short
Injective BTC/USDC PERP	+0.0108%	1h	$304K	$27.0M	52x	as long as short
BloFin BTC-USDT	+0.0127%	8h	$427.2M	$526.8M	150x	as long as short
RISEx BTC/USDC	+0.0128%	1h	$8.7M	$38.1M	25x	as long as short
Hibachi BTC/USDT-P	+0.0128%	1h	$624K	$7.3M	30x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0198% / S −0.0177%	1h	$12.6M	—	200x	as long as short
Hyperliquid BTC	+0.0310%	1h	$3.91B	$4.28B	40x	as long as short
Deribit BTC-PERPETUAL	+0.0376%	1h	$880.8M	$1.02B	50x	as long as short