BTC

Alert

Funding spread now, next payment 16:00 UTC−0.0104%/8h

next payment, per $10,000−$1.04paid, last 24h−0.013%paid, last 3 days+0.022%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Katana Perps BTC-USD	84,929	0.0100	pay 0.0100% / 8h	2h 27m	$226K	$4.5M	50x
Short	HTX BTC-USDT	84,848.4	−0.0004	pay 0.0004% / 8h	2h 27m	$2.28B	$734.5M	200x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Katana PerpsbpFee HTXbpOrdersRate

Funding earned: −$21.83
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$37.63
Break-even: never at this rate

Slippage unknown: Katana Perps: no order-book sample; HTX: live order book, 3 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.095%
Avg gap 7d: −0.002%

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 Katana Perps no order-book sample	—	—	—	—	—
Sell HTX live order book, 3 min ago	0.01 bp	6.0 bp −$6	6.0 bp −$60	6.6 bp −$663	10.5 bp −$5,251

Katana Perps: 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	$424K	$31.8M	6.7x	as long as short
ApeX Omni BTCUSDT	−0.0164%	1h	$136.6M	$314.1M	100x	as long as short
edgeX BTCUSDC	−0.0101%	4h	$282.5M	$738.5M	100x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$8K	$3K	50x	as long as short
Gate BTC_USDT	−0.0046%	8h	$6.00B	$7.90B	200x	as long as short
Reya BTCRUSDPERP	−0.0044%	1h	$6.8M	$130.3M	40x	as long as short
01 Exchange BTCUSD	−0.0040%	1h	$313K	$2.1M	50x	as long as short
Injective BTC/USDC PERP	−0.0036%	1h	$321K	$27.0M	52x	as long as short
Bitget BTCUSDT	−0.0016%	8h	$2.92B	$3.99B	150x	as long as short
BingX BTC-USDC	−0.0015%	8h	—	$14.3M	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aftermath Perps BTCUSD	−0.0010%	1h	$83K	$137K	20x	as long as short
HTX BTC-USDTshort	−0.0004%	8h	$2.28B	$734.5M	200x
SoDEX BTC-USD	0.0000%	1h	$60.8M	$233.5M	40x	as long as short
dYdX BTC-USD	0.0000%	1h	$16.1M	$13.5M	50x	as long as short
Kalshi KXBTCPERP	0.0000%	8h	$8.6M	$453.1M	6.4x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	$36.4M	—	200x	as long as short
Phemex BTCUSDT	+0.0029%	8h	$161.5M	$355.2M	150x	as long as short
Aster BTCUSDT	+0.0046%	8h	$489.9M	$875.5M	200x	as long as short
Backpack BTC_USDC_PERP	+0.0052%	1h	$40.2M	$103.4M	75x	as long as short
OKX BTC-USDT-SWAP	+0.0071%	8h	$2.55B	$9.97B	100x	as long as short
Popdex BTCUSDT	+0.0072%	1h	$8.4M	$36.7M	100x	as long as short
KuCoin XBTUSDTM	+0.0075%	8h	$801.4M	$550.1M	125x	as long as short
Nado BTC-PERP	+0.0076%	1h	$22.6M	$205.7M	50x	as long as short
Bullet BTC-USD	+0.0083%	1h	$225K	$3.3M	20x	as long as short
StandX BTC-USD	+0.0088%	1h	$30.3M	$249.1M	40x	as long as short
RISEx BTC/USDC	+0.0090%	1h	$8.6M	$35.8M	25x	as long as short
Lighter BTC	+0.0096%	1h	$187.7M	$781.7M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.9M	$123.4M	50x	as long as short
Aevo BTC-PERP	+0.0096%	1h	$2.4M	$1.7M	20x	as long as short
Paradex BTC-USD-PERP	+0.0097%	8h	$4.2M	$6.5M	50x	as long as short
Katana Perps BTC-USDlong	+0.0100%	8h	$226K	$4.5M	50x
Pacifica BTC	+0.0100%	1h	$36.7M	$293.1M	50x	as long as short
Binance BTCUSDT	+0.0100%	8h	$9.51B	$18.06B	150x	as long as short
Bybit BTCUSDT	+0.0100%	8h	$5.04B	$7.21B	150x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$3.9M	$14.9M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	$6.8M	$73.1M	40x	as long as short
MEXC BTC_USDT	+0.0100%	8h	$5.07B	$4.35B	500x	as long as short
Variational Omni BTC	+0.0100%	8h	$170.7M	$448.6M	—	as long as short
Vest BTC-PERP	+0.0100%	1h	—	$12.7M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	$10.7M	$9.9M	50x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.3M	$6.4M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	$142K	$356K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	$26.0M	$49.7M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$5.0M	100x	as long as short
Bulk BTC-USD	+0.0100%	1h	$530.3M	$67.0M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	$46.9M	$174.3M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$80.0M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0120%	1h	$139.4M	$5.87B	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0124%	1h	$185.9M	$703.0M	100x	as long as short
Phoenix BTC	+0.0126%	1h	$1.5M	$10.3M	40x	as long as short
Hyperliquid BTC	+0.0137%	1h	$3.82B	$3.82B	40x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0191% / S −0.0196%	1h	$12.8M	—	200x	as long as short
BloFin BTC-USDT	+0.0240%	8h	$418.9M	$404.6M	150x	as long as short
Hibachi BTC/USDT-P	+0.0248%	1h	$646K	$7.5M	30x	as long as short
Deribit BTC-PERPETUAL	+0.0358%	1h	$829.2M	$857.9M	50x	as long as short