BTC

Alert

Funding spread now, next payment 16:00 UTC−0.0008%/8h

next payment, per $10,000−$0.01paid, last 24h−0.072%paid, last 7 days−0.179%to open and close $10k−$27

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective BTC/USDC PERP	86,335	0.0108	pay 0.0013% / 1h	41m 04s	$305K	$27.0M	52x
Short	Bluefin BTC-PERP	86,160.6	0.0100	get 0.0013% / 1h	41m 04s	$144K	$406K	40x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee BluefinbpOrdersRate

Funding earned: −$1.61
Slippage, 4 orders: −$19.85
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bluefin: 3.5 bp × 2 orders: −$7
Net: −$28.48
Break-even: never at this rate

Slippage from Injective: live order book, 5 min ago; Bluefin: live order book, 10 min ago.

Price risk

price view

Price gap now: −0.202%
Avg gap 7d: −0.045%

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 Injective live order book, 5 min ago	3.94 bp	7.8 bp −$8	14.3 bp −$143	doesn't fit	doesn't fit
Sell Bluefin live order book, 10 min ago	0.99 bp	7.1 bp −$7	11.8 bp −$118	doesn't fit	doesn't fit

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Perpl BTC	−0.0223%	43m	$460K	$30.0M	6.7x	as long as short
ApeX Omni BTCUSDT	−0.0147%	1h	$139.0M	$318.7M	100x	as long as short
BloFin BTC-USDT	−0.0122%	8h	$427.2M	$536.4M	150x	as long as short
edgeX BTCUSDC	−0.0098%	4h	$278.7M	$863.9M	100x	as long as short
Phoenix BTC	−0.0086%	1h	$2.0M	$10.8M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$3K	50x	as long as short
01 Exchange BTCUSD	−0.0072%	1h	$287K	$2.4M	50x	as long as short
Aftermath Perps BTCUSD	−0.0062%	1h	$87K	$155K	20x	as long as short
Reya BTCRUSDPERP	−0.0023%	1h	$6.7M	$137.6M	40x	as long as short
Phemex BTCUSDT	−0.0021%	8h	$157.9M	$398.6M	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate BTC_USDT	−0.0012%	8h	$6.15B	$9.27B	200x	as long as short
Bitget BTCUSDT	−0.0005%	8h	$2.96B	$4.63B	150x	as long as short
BingX BTC-USDT	−0.0005%	8h	—	$1.38B	—	as long as short
dYdX BTC-USD	0.0000%	1h	$16.9M	$16.4M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	$36.9M	—	200x	as long as short
SoDEX BTC-USD	+0.0022%	1h	$61.1M	$283.4M	40x	as long as short
OKX BTC-USDT-SWAP	+0.0032%	8h	$2.63B	$11.51B	100x	as long as short
Aster BTCUSDT	+0.0047%	8h	$488.6M	$1.11B	200x	as long as short
KuCoin XBTUSDTM	+0.0047%	8h	$793.0M	$613.4M	125x	as long as short
HTX BTC-USDT	+0.0061%	8h	$2.30B	$836.1M	200x	as long as short
Kraken Futures PF_XBTUSD	+0.0071%	1h	$185.3M	$808.4M	100x	as long as short
MEXC BTC_USDT	+0.0076%	8h	$5.08B	$5.01B	500x	as long as short
Binance BTCUSDT	+0.0077%	8h	$9.59B	$21.43B	150x	as long as short
Aevo BTC-PERP	+0.0080%	1h	$2.4M	$1.6M	20x	as long as short
Paradex BTC-USD-PERP	+0.0084%	8h	$4.4M	$6.6M	50x	as long as short
Lighter BTC	+0.0096%	1h	$172.8M	$917.0M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.9M	$136.9M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	$8.5M	$44.8M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$199K	$5.4M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.7M	$229.5M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$37.1M	$342.8M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	$5.15B	$8.40B	150x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$4.0M	$16.3M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	$5.5M	$81.7M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$39.2M	$104.2M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	$171.1M	$505.8M	—	as long as short
StandX BTC-USD	+0.0100%	1h	$30.7M	$237.5M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	—	$12.6M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	$11.0M	$11.6M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	$245K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.4M	$7.1M	100x	as long as short
Bluefin BTC-PERPshort	+0.0100%	1h	$144K	$406K	40x
Derive BTC-PERP	+0.0100%	1h	$30.2M	$58.1M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$5.9M	100x	as long as short
Bulk BTC-USD	+0.0100%	1h	$547.8M	$93.7M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	$48.7M	$208.8M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$88.5M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	$150.5M	$6.24B	50x	as long as short
Injective BTC/USDC PERPlong	+0.0108%	1h	$305K	$27.0M	52x
Kalshi KXBTCPERP	+0.0111%	8h	$10.6M	$559.9M	6.4x	as long as short
RISEx BTC/USDC	+0.0128%	1h	$8.5M	$38.7M	25x	as long as short
Hibachi BTC/USDT-P	+0.0152%	1h	$627K	$7.3M	30x	as long as short
Deribit BTC-PERPETUAL	+0.0188%	1h	$887.4M	$1.04B	50x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0198% / S −0.0176%	1h	$12.6M	—	200x	as long as short
Hyperliquid BTC	+0.0270%	1h	$3.92B	$4.33B	40x	as long as short