BTC

Alert

Funding spread now, next payment 18:00 UTC+0.0140%/8h

next payment, per $10,000+$0.17paid, last 24h+0.043%paid, last 7 days+0.069%to open and close $10k−$19

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective BTC/USDC PERP	85,937	−0.0019	get 0.0002% / 1h	38m 18s	$308K	$27.0M	52x
Short	Hyperliquid BTC	85,867	0.0121	get 0.0015% / 1h	38m 18s	$3.89B	$4.38B	40x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee HyperliquidbpOrdersRate

Funding earned: $29.3
Slippage, 4 orders: −$9.75
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $10.52
Break-even: 4.5 days

Slippage from Injective: live order book, 2 min ago; Hyperliquid: live order book, 7 min ago.

Price risk

price view

Price gap now: −0.081%
Avg gap 7d: +0.056%

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, 2 min ago	3.79 bp	4.7 bp −$5	12.9 bp −$129	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 7 min ago	0.06 bp	4.6 bp −$5	4.6 bp −$46	4.6 bp −$456	5.1 bp −$2,556

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bluefin BTC-PERP	−0.1363%	1h	$143K	$410K	40x	as long as short
Arcus BTC-USD	−0.0377%	1h	$6.6M	$85.0M	40x	as long as short
Perpl BTC	−0.0223%	43m	$411K	$26.8M	6.7x	as long as short
ApeX Omni BTCUSDT	−0.0121%	1h	$139.4M	$318.9M	100x	as long as short
Phoenix BTC	−0.0096%	1h	$1.9M	$11.0M	40x	as long as short
BloFin BTC-USDT	−0.0094%	8h	$424.3M	$565.9M	150x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$4K	50x	as long as short
Kraken Futures PF_XBTUSD	−0.0073%	1h	$189.4M	$812.2M	100x	as long as short
01 Exchange BTCUSD	−0.0048%	1h	$302K	$2.4M	50x	as long as short
SoDEX BTC-USD	−0.0046%	1h	$60.8M	$284.0M	40x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
dYdX BTC-USD	−0.0038%	1h	$17.1M	$18.1M	50x	as long as short
Phemex BTCUSDT	−0.0026%	8h	$147.8M	$414.5M	150x	as long as short
Injective BTC/USDC PERPlong	−0.0019%	1h	$308K	$27.0M	52x
Reya BTCRUSDPERP	−0.0018%	1h	$6.7M	$138.1M	40x	as long as short
Bulk BTC-USD	−0.0016%	1h	$561.2M	$139.6M	40x	as long as short
Extended BTC-USD	−0.0008%	1h	$48.7M	$199.6M	50x	as long as short
Bitget BTCUSDT	−0.0005%	8h	$2.95B	$4.69B	150x	as long as short
BingX BTC-USDC	−0.0005%	8h	—	$14.7M	—	as long as short
Gate BTC_USDT	−0.0002%	8h	$6.05B	$9.53B	200x	as long as short
KuCoin XBTUSDTM	0.0000%	8h	$790.2M	$613.0M	125x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	$36.7M	—	200x	as long as short
Bybit BTCUSDT	+0.0010%	8h	$5.24B	$8.58B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0012%	8h	$2.66B	$11.53B	100x	as long as short
Aster BTCUSDT	+0.0012%	8h	$503.6M	$1.10B	200x	as long as short
Aevo BTC-PERP	+0.0024%	1h	$2.4M	$1.3M	20x	as long as short
MEXC BTC_USDT	+0.0025%	8h	$5.15B	$5.11B	500x	as long as short
Binance BTCUSDT	+0.0025%	8h	$9.47B	$22.07B	150x	as long as short
Popdex BTCUSDT	+0.0032%	1h	$8.5M	$46.5M	100x	as long as short
RISEx BTC/USDC	+0.0040%	1h	$9.1M	$38.5M	25x	as long as short
StandX BTC-USD	+0.0054%	1h	$30.6M	$226.4M	40x	as long as short
Variational Omni BTC	+0.0070%	8h	$172.4M	$506.5M	—	as long as short
Bullet BTC-USD	+0.0086%	1h	$229K	$3.3M	20x	as long as short
Aftermath Perps BTCUSD	+0.0091%	1h	$86K	$150K	20x	as long as short
Paradex BTC-USD-PERP	+0.0095%	8h	$4.4M	$6.8M	50x	as long as short
Lighter BTC	+0.0096%	1h	$171.8M	$938.3M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.5M	$135.9M	50x	as long as short
Derive BTC-PERP	+0.0097%	1h	$30.4M	$59.8M	15x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$193K	$5.7M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.3M	$227.1M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$37.0M	$391.7M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$4.0M	$16.6M	25x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$37.3M	$124.2M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	$280.1M	$879.6M	100x	as long as short
Vest BTC-PERP	+0.0100%	1h	—	$11.5M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	$11.0M	$11.7M	50x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.4M	$7.4M	100x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$5.8M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	$2.28B	$834.2M	200x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$85.2M	500x	as long as short
Kalshi KXBTCPERP	+0.0106%	8h	$13.6M	$627.4M	6.4x	as long as short
Hibachi BTC/USDT-P	+0.0112%	1h	$757K	$7.3M	30x	as long as short
Hyperliquid BTCshort	+0.0121%	1h	$3.89B	$4.38B	40x
GMX BTC/USD [WBTC.b-USDC]	L +0.0172% / S −0.0153%	1h	$12.7M	—	200x	as long as short
Coinbase International BTC-PERP-INTX	+0.0184%	1h	$128.0M	$5.95B	50x	as long as short
Deribit BTC-PERPETUAL	+0.0291%	1h	$913.5M	$1.11B	50x	as long as short