BTC

Alert

Funding spread now, next payment 15:00 UTC−0.0330%/8h

next payment, per $10,000−$0.41paid, last 24h−0.068%paid, last 3 days−0.283%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid BTC	85,520	0.0250	pay 0.0031% / 1h	58m 56s	$3.84B	$4.02B	40x
Short	Hotstuff BTC-PERP	85,381	−0.0080	pay 0.0010% / 1h	58m 56s	$8K	$3K	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee HotstuffbpOrdersRate

Funding earned: −$69.31
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$83.31
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 7 min ago; Hotstuff: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.163%
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 Hyperliquid live order book, 7 min ago	0.06 bp	4.6 bp −$5	5.1 bp −$51	doesn't fit	doesn't fit
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	$437K	$31.5M	6.7x	as long as short
edgeX BTCUSDC	−0.0087%	4h	$283.5M	$782.6M	100x	as long as short
Hotstuff BTC-PERPshort	−0.0080%	1h	$8K	$3K	50x
ApeX Omni BTCUSDT	−0.0044%	1h	$137.7M	$315.4M	100x	as long as short
Reya BTCRUSDPERP	−0.0037%	1h	$6.8M	$134.6M	40x	as long as short
Aftermath Perps BTCUSD	−0.0033%	1h	$85K	$143K	20x	as long as short
Phemex BTCUSDT	−0.0030%	8h	$160.3M	$369.1M	150x	as long as short
Gate BTC_USDT	−0.0025%	8h	$6.02B	$8.31B	200x	as long as short
Nado BTC-PERP	−0.0025%	1h	$24.4M	$219.9M	50x	as long as short
01 Exchange BTCUSD	−0.0024%	1h	$279K	$2.3M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget BTCUSDT	−0.0012%	8h	$2.96B	$4.23B	150x	as long as short
BingX BTC-USDC	−0.0012%	8h	—	$14.4M	—	as long as short
dYdX BTC-USD	0.0000%	1h	$16.0M	$13.6M	50x	as long as short
Kalshi KXBTCPERP	0.0000%	8h	$8.1M	$485.2M	6.4x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	$36.5M	—	200x	as long as short
SoDEX BTC-USD	+0.0014%	1h	$61.2M	$234.4M	40x	as long as short
HTX BTC-USDT	+0.0018%	8h	$2.29B	$778.5M	200x	as long as short
Kraken Futures PF_XBTUSD	+0.0042%	1h	$187.0M	$741.8M	100x	as long as short
Aster BTCUSDT	+0.0046%	8h	$482.4M	$964.7M	200x	as long as short
Lighter BTC	+0.0048%	1h	$182.7M	$836.0M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0063%	8h	$2.56B	$10.59B	100x	as long as short
KuCoin XBTUSDTM	+0.0068%	8h	$795.1M	$579.1M	125x	as long as short
Lighter RH BTC	+0.0072%	1h	$25.1M	$127.8M	50x	as long as short
Bullet BTC-USD	+0.0089%	1h	$250K	$3.3M	20x	as long as short
Paradex BTC-USD-PERP	+0.0090%	8h	$4.4M	$6.7M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	$8.4M	$39.8M	100x	as long as short
Aevo BTC-PERP	+0.0096%	1h	$2.4M	$1.7M	20x	as long as short
MEXC BTC_USDT	+0.0099%	8h	$4.95B	$4.56B	500x	as long as short
Binance BTCUSDT	+0.0099%	8h	$9.51B	$19.18B	150x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$197K	$4.8M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.3M	$310.2M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	$5.05B	$7.69B	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	$6.2M	$76.8M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$39.7M	$100.1M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	$173.2M	$463.3M	—	as long as short
StandX BTC-USD	+0.0100%	1h	$30.6M	$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	$10.4M	50x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.3M	$6.6M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	$142K	$399K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	$27.6M	$50.8M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$5.2M	100x	as long as short
Bulk BTC-USD	+0.0100%	1h	$535.7M	$60.2M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	$47.3M	$198.3M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$85.1M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	$143.0M	$6.07B	50x	as long as short
Phoenix BTC	+0.0126%	1h	$1.7M	$9.5M	40x	as long as short
RISEx BTC/USDC	+0.0178%	1h	$8.5M	$36.5M	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 +0.0195% / S −0.0202%	1h	$12.9M	—	200x	as long as short
BloFin BTC-USDT	+0.0219%	8h	$419.5M	$477.3M	150x	as long as short
Hyperliquid BTClong	+0.0250%	1h	$3.84B	$4.02B	40x
Hibachi BTC/USDT-P	+0.0256%	1h	$596K	$7.4M	30x	as long as short
Deribit BTC-PERPETUAL	+0.0464%	1h	$841.2M	$904.4M	50x	as long as short