BTC

Alert

Funding spread now, next payment 17:00 UTC+0.0142%/8h

paid, last 24h+0.035%paid, last 7 days+0.047%to open and close $10k−$19

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XBTUSDTM	85,771.3	0.0014	pay 0.0014% / 8h	7h 39m	$791.6M	$616.5M	125x
Short	Deribit BTC-PERPETUAL	85,826.1	0.0156	get 0.0019% / 1h	39m 54s	$911.1M	$1.12B	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee DeribitbpOrdersRate

Funding earned: $29.74
Slippage, 4 orders: −$0.4
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $10.34
Break-even: 4.6 days

Slippage from KuCoin: live order book, 6 min ago; Deribit: live order book, 1 min ago.

Price risk

price view

Price gap now: +0.064%
Avg gap 7d: +0.050%

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 KuCoin live order book, 6 min ago	0.01 bp	6.0 bp −$6	6.6 bp −$66	8.0 bp −$801	10.5 bp −$5,263
Sell Deribit live order book, 1 min ago	0.03 bp	3.6 bp −$4	4.7 bp −$47	7.4 bp −$737	13.9 bp −$6,945

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bluefin BTC-PERP	−0.8000%	1h	$141K	$407K	40x	as long as short
Perpl BTC	−0.0335%	43m	$401K	$28.8M	6.7x	as long as short
ApeX Omni BTCUSDT	−0.0162%	1h	$139.2M	$317.6M	100x	as long as short
Injective BTC/USDC PERP	−0.0137%	1h	$308K	$27.0M	52x	as long as short
Phoenix BTC	−0.0116%	1h	$1.8M	$11.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$4K	50x	as long as short
BloFin BTC-USDT	−0.0073%	8h	$424.0M	$566.9M	150x	as long as short
01 Exchange BTCUSD	−0.0056%	1h	$291K	$2.4M	50x	as long as short
Kraken Futures PF_XBTUSD	−0.0040%	1h	$188.0M	$821.7M	100x	as long as short
SoDEX BTC-USD	−0.0030%	1h	$60.8M	$283.6M	40x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Reya BTCRUSDPERP	−0.0020%	1h	$6.7M	$138.0M	40x	as long as short
BingX BTC-USDC	−0.0015%	8h	—	$14.9M	—	as long as short
Bitget BTCUSDT	−0.0004%	8h	$2.98B	$4.69B	150x	as long as short
dYdX BTC-USD	0.0000%	1h	$17.2M	$17.6M	50x	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	+0.0005%	8h	$5.22B	$8.61B	150x	as long as short
Gate BTC_USDT	+0.0012%	8h	$6.08B	$9.40B	200x	as long as short
KuCoin XBTUSDTMlong	+0.0014%	8h	$791.6M	$616.5M	125x
OKX BTC-USDT-SWAP	+0.0020%	8h	$2.65B	$11.65B	100x	as long as short
Aftermath Perps BTCUSD	+0.0027%	1h	$87K	$150K	20x	as long as short
Aster BTCUSDT	+0.0031%	8h	$486.3M	$1.12B	200x	as long as short
Bulk BTC-USD	+0.0040%	1h	$557.2M	$154.9M	40x	as long as short
MEXC BTC_USDT	+0.0046%	8h	$5.09B	$5.19B	500x	as long as short
Binance BTCUSDT	+0.0047%	8h	$9.49B	$22.07B	150x	as long as short
Aevo BTC-PERP	+0.0048%	1h	$2.4M	$1.5M	20x	as long as short
Phemex BTCUSDT	+0.0066%	8h	$149.1M	$411.8M	150x	as long as short
Extended BTC-USD	+0.0080%	1h	$48.9M	$206.8M	50x	as long as short
StandX BTC-USD	+0.0084%	1h	$30.6M	$229.6M	40x	as long as short
HTX BTC-USDT	+0.0085%	8h	$2.29B	$843.3M	200x	as long as short
Variational Omni BTC	+0.0089%	8h	$171.7M	$506.8M	—	as long as short
Paradex BTC-USD-PERP	+0.0093%	8h	$4.4M	$6.7M	50x	as long as short
Lighter BTC	+0.0096%	1h	$171.6M	$915.6M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.5M	$133.8M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	$8.5M	$46.0M	100x	as long as short
Bullet BTC-USD	+0.0096%	1h	$234K	$3.3M	20x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$198K	$5.6M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.3M	$228.4M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.9M	$364.7M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$3.9M	$16.2M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	$6.4M	$84.0M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$37.4M	$115.9M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	$278.1M	$887.3M	100x	as long as short
Vest BTC-PERP	+0.0100%	1h	—	$11.9M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	$11.0M	$11.6M	50x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.4M	$7.3M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	$30.2M	$59.4M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$6.1M	100x	as long as short
Kalshi KXBTCPERP	+0.0101%	8h	$13.7M	$600.0M	6.4x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$88.7M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	$128.8M	$6.20B	50x	as long as short
RISEx BTC/USDC	+0.0132%	1h	$8.6M	$38.0M	25x	as long as short
Hyperliquid BTC	+0.0133%	1h	$3.90B	$4.46B	40x	as long as short
Deribit BTC-PERPETUALshort	+0.0156%	1h	$911.1M	$1.12B	50x
Hibachi BTC/USDT-P	+0.0184%	1h	$717K	$7.4M	30x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0198% / S −0.0175%	1h	$12.4M	—	200x	as long as short