BTC

Alert

Funding spread now, next payment 16:00 UTC−0.0230%/8h

next payment, per $10,000−$2.30paid, last 24h+0.009%paid, last 7 days−0.002%to open and close $10k−$24

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.002% in total (about -0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.30 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXBTCPERP	85,913	0.0107	pay 0.0107% / 8h	4h 34m	$11.7M	$566.8M	6.4x
Short	BloFin BTC-USDT	85,876.7	−0.0123	pay 0.0123% / 8h	34m 05s	$428.2M	$537.6M	150x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee KalshibpFee BloFinbpOrdersRate

Funding earned: −$48.31
Slippage, 4 orders: −$1.77
Fee Kalshi: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$72.08
Break-even: never at this rate

Slippage from Kalshi: live order book, 2 min ago; BloFin: live order book, 7 min ago.

Price risk

price view

Price gap now: −0.042%
Avg gap 7d: +0.008%

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 Kalshi live order book, 2 min ago	0.64 bp	5.7 bp −$6	7.4 bp −$74	7.8 bp −$776	14.0 bp −$6,991
Sell BloFin live order book, 7 min ago	0.05 bp	6.0 bp −$6	6.0 bp −$60	6.0 bp −$605	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	$448K	$30.0M	6.7x	as long as short
BloFin BTC-USDTshort	−0.0123%	8h	$428.2M	$537.6M	150x
edgeX BTCUSDC	−0.0101%	4h	$278.4M	$869.0M	100x	as long as short
ApeX Omni BTCUSDT	−0.0100%	1h	$139.2M	$318.6M	100x	as long as short
Phoenix BTC	−0.0086%	1h	$1.8M	$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	−0.0051%	1h	$86K	$155K	20x	as long as short
Reya BTCRUSDPERP	−0.0022%	1h	$6.7M	$137.7M	40x	as long as short
Gate BTC_USDT	−0.0016%	8h	$6.13B	$9.36B	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
SoDEX BTC-USD	−0.0014%	1h	$60.9M	$283.5M	40x	as long as short
Phemex BTCUSDT	−0.0012%	8h	$157.4M	$401.2M	150x	as long as short
Bitget BTCUSDT	−0.0005%	8h	$2.96B	$4.66B	150x	as long as short
BingX BTC-USDC	−0.0005%	8h	—	$14.8M	—	as long as short
dYdX BTC-USD	0.0000%	1h	$17.1M	$17.2M	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	+0.0032%	8h	$2.63B	$11.57B	100x	as long as short
Aster BTCUSDT	+0.0040%	8h	$486.7M	$1.11B	200x	as long as short
KuCoin XBTUSDTM	+0.0042%	8h	$788.9M	$615.8M	125x	as long as short
HTX BTC-USDT	+0.0061%	8h	$2.29B	$844.5M	200x	as long as short
MEXC BTC_USDT	+0.0070%	8h	$5.08B	$5.07B	500x	as long as short
Binance BTCUSDT	+0.0070%	8h	$9.53B	$21.60B	150x	as long as short
Kraken Futures PF_XBTUSD	+0.0071%	1h	$185.3M	$814.4M	100x	as long as short
Aevo BTC-PERP	+0.0072%	1h	$2.4M	$1.6M	20x	as long as short
Paradex BTC-USD-PERP	+0.0086%	8h	$4.4M	$6.6M	50x	as long as short
Lighter BTC	+0.0096%	1h	$172.1M	$923.8M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.9M	$137.6M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	$8.4M	$45.2M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$196K	$5.4M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.9M	$230.1M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.5M	$344.9M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	$5.15B	$8.47B	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	$5.8M	$82.5M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	$548.9M	$98.1M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$39.1M	$106.0M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	$170.5M	$507.8M	—	as long as short
StandX BTC-USD	+0.0100%	1h	$30.6M	$234.5M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	—	$12.4M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	$10.9M	$11.6M	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	$7.2M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	$144K	$406K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	$30.1M	$59.1M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$6.0M	100x	as long as short
Extended BTC-USD	+0.0104%	1h	$48.7M	$209.5M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$89.1M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	$150.8M	$6.24B	50x	as long as short
Kalshi KXBTCPERPlong	+0.0107%	8h	$11.7M	$566.8M	6.4x
Injective BTC/USDC PERP	+0.0108%	1h	$305K	$27.0M	52x	as long as short
RISEx BTC/USDC	+0.0128%	1h	$8.3M	$38.8M	25x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0198% / S −0.0176%	1h	$12.5M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0200%	1h	$633K	$7.3M	30x	as long as short
Hyperliquid BTC	+0.0232%	1h	$3.90B	$4.35B	40x	as long as short
Deribit BTC-PERPETUAL	+0.0251%	1h	$893.7M	$1.07B	50x	as long as short