BTC

Alert

Funding spread now, next payment 19:00 UTC+0.0091%/8h

next payment, per $10,000+$0.11paid, last 24h+0.050%paid, last 7 days+0.331%to open and close $10k−$20

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XBTUSD	85,923.9	−0.0019	get 0.0002% / 1h	18m 00s	$189.1M	$819.5M	100x
Short	Hibachi BTC/USDT-P	85,937.1	0.0072	get 0.0009% / 1h	18m 00s	$752K	$6.5M	30x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee HibachibpOrdersRate

Funding earned: $19.11
Slippage, 4 orders: −$0.94
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$0.83
Break-even: 7.3 days

Slippage from Kraken Futures: live order book, 3 min ago; Hibachi: live order book, 3 min ago.

Price risk

price view

Price gap now: +0.015%
Avg gap 7d: +0.026%

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 Kraken Futures live order book, 3 min ago	0.06 bp	5.3 bp −$5	6.3 bp −$63	7.2 bp −$721	8.4 bp −$4,202
Sell Hibachi live order book, 3 min ago	0.01 bp	4.9 bp −$5	5.7 bp −$57	46.1 bp −$4,611	doesn't fit

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Perpl BTC	−0.0447%	43m	$401K	$26.0M	6.7x	as long as short
Arcus BTC-USD	−0.0299%	1h	$6.7M	$86.3M	40x	as long as short
BloFin BTC-USDT	−0.0094%	8h	$425.5M	$568.6M	150x	as long as short
Phoenix BTC	−0.0082%	1h	$2.0M	$11.0M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$4K	50x	as long as short
01 Exchange BTCUSD	−0.0048%	1h	$310K	$2.3M	50x	as long as short
SoDEX BTC-USD	−0.0019%	1h	$60.9M	$285.7M	40x	as long as short
Kraken Futures PF_XBTUSDlong	−0.0019%	1h	$189.1M	$819.5M	100x
Reya BTCRUSDPERP	−0.0016%	1h	$6.8M	$138.5M	40x	as long as short
KuCoin XBTUSDTM	−0.0011%	8h	$807.2M	$623.1M	125x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective BTC/USDC PERP	−0.0006%	1h	$308K	$27.0M	52x	as long as short
Aftermath Perps BTCUSD	−0.0005%	1h	$87K	$157K	20x	as long as short
dYdX BTC-USD	−0.0004%	1h	$17.1M	$17.7M	50x	as long as short
Kalshi KXBTCPERP	0.0000%	8h	$11.9M	$659.2M	6.4x	as long as short
Bitget BTCUSDT	+0.0002%	8h	$2.96B	$4.68B	150x	as long as short
BingX BTC-USDT	+0.0002%	8h	—	$1.37B	—	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	$36.7M	—	200x	as long as short
Bulk BTC-USD	+0.0005%	1h	$563.1M	$124.9M	40x	as long as short
Aster BTCUSDT	+0.0014%	8h	$506.2M	$1.10B	200x	as long as short
Phemex BTCUSDT	+0.0020%	8h	$153.0M	$425.8M	150x	as long as short
Aevo BTC-PERP	+0.0024%	1h	$2.4M	$1.3M	20x	as long as short
MEXC BTC_USDT	+0.0026%	8h	$5.16B	$5.14B	500x	as long as short
Binance BTCUSDT	+0.0027%	8h	$9.52B	$22.20B	150x	as long as short
RISEx BTC/USDC	+0.0031%	1h	$9.2M	$38.7M	25x	as long as short
OKX BTC-USDT-SWAP	+0.0032%	8h	$2.67B	$11.60B	100x	as long as short
HTX BTC-USDT	+0.0038%	8h	$2.29B	$858.5M	200x	as long as short
Popdex BTCUSDT	+0.0040%	1h	$8.5M	$46.4M	100x	as long as short
ApeX Omni BTCUSDT	+0.0042%	1h	$139.8M	$320.4M	100x	as long as short
Gate BTC_USDT	+0.0044%	8h	$6.07B	$9.68B	200x	as long as short
Bybit BTCUSDT	+0.0044%	8h	$5.28B	$8.69B	150x	as long as short
Variational Omni BTC	+0.0072%	8h	$170.0M	$505.8M	—	as long as short
Hibachi BTC/USDT-Pshort	+0.0072%	1h	$752K	$6.5M	30x
Orderly PERP_BTC_USDC	+0.0092%	8h	$2.4M	$7.4M	100x	as long as short
Lighter BTC	+0.0096%	1h	$171.9M	$953.4M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.5M	$138.9M	50x	as long as short
Extended BTC-USD	+0.0096%	1h	$48.6M	$200.9M	50x	as long as short
Paradex BTC-USD-PERP	+0.0099%	8h	$4.4M	$6.9M	50x	as long as short
Bullet BTC-USD	+0.0099%	1h	$231K	$3.3M	20x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$199K	$5.9M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.1M	$227.3M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.6M	$424.4M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$4.0M	$17.4M	25x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$37.4M	$135.0M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	$280.5M	$883.3M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	$30.7M	$211.2M	40x	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	$12.4M	50x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	$143K	$411K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	$30.4M	$58.9M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.4M	$5.7M	100x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$83.4M	500x	as long as short
Hyperliquid BTC	+0.0145%	1h	$3.96B	$4.50B	40x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0175% / S −0.0177%	1h	$13.7M	—	200x	as long as short
Deribit BTC-PERPETUAL	+0.0185%	1h	$917.4M	$1.12B	50x	as long as short
Coinbase International BTC-PERP-INTX	+0.0200%	1h	$129.6M	$5.83B	50x	as long as short