BTC

Alert

Funding spread now, next payment 17:00 UTC+0.0085%/8h

paid, last 24h+0.013%paid, last 7 days+0.084%to open and close $10k−$14

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XBTUSDTM	85,757.6	0.0011	pay 0.0011% / 8h	7h 35m	$790.7M	$616.4M	125x
Short	Lighter RH BTC	85,809.2	0.0096	get 0.0012% / 1h	35m 17s	$24.4M	$134.2M	50x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee Lighter RHbpOrdersRate

Funding earned: $17.85
Slippage, 4 orders: −$1.74
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $4.11
Break-even: 5.4 days

Slippage from KuCoin: live order book, 10 min ago; Lighter RH: live order book, 5 min ago.

Price risk

price view

Price gap now: +0.060%
Avg gap 7d: +0.009%

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, 10 min ago	0.01 bp	6.0 bp −$6	6.6 bp −$66	8.0 bp −$801	10.5 bp −$5,263
Sell Lighter RH live order book, 5 min ago	0.67 bp	0.8 bp −$1	0.8 bp −$8	2.5 bp −$251	18.3 bp −$9,139

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	$142K	$408K	40x	as long as short
Perpl BTC	−0.0335%	43m	$401K	$28.6M	6.7x	as long as short
Injective BTC/USDC PERP	−0.0137%	1h	$308K	$27.0M	52x	as long as short
ApeX Omni BTCUSDT	−0.0117%	1h	$138.8M	$317.7M	100x	as long as short
Phoenix BTC	−0.0116%	1h	$1.9M	$11.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$4K	50x	as long as short
BloFin BTC-USDT	−0.0076%	8h	$424.7M	$567.5M	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	$821.2M	100x	as long as short
SoDEX BTC-USD	−0.0033%	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	−0.0019%	1h	$6.7M	$138.0M	40x	as long as short
Bybit BTCUSDT	−0.0013%	8h	$5.22B	$8.61B	150x	as long as short
Bitget BTCUSDT	−0.0004%	8h	$2.98B	$4.68B	150x	as long as short
BingX BTC-USDT	−0.0004%	8h	—	$1.39B	—	as long as short
Phemex BTCUSDT	−0.0002%	8h	$148.8M	$412.1M	150x	as long as short
dYdX BTC-USD	0.0000%	1h	$17.2M	$17.6M	50x	as long as short
Kalshi KXBTCPERP	0.0000%	8h	$13.8M	$602.6M	6.4x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	$36.7M	—	200x	as long as short
KuCoin XBTUSDTMlong	+0.0011%	8h	$790.7M	$616.4M	125x
OKX BTC-USDT-SWAP	+0.0018%	8h	$2.65B	$11.63B	100x	as long as short
Aster BTCUSDT	+0.0029%	8h	$487.7M	$1.13B	200x	as long as short
Aftermath Perps BTCUSD	+0.0033%	1h	$87K	$150K	20x	as long as short
Bulk BTC-USD	+0.0033%	1h	$558.3M	$154.4M	40x	as long as short
Aevo BTC-PERP	+0.0040%	1h	$2.4M	$1.4M	20x	as long as short
MEXC BTC_USDT	+0.0043%	8h	$5.11B	$5.20B	500x	as long as short
Binance BTCUSDT	+0.0044%	8h	$9.48B	$22.04B	150x	as long as short
Gate BTC_USDT	+0.0051%	8h	$6.08B	$9.41B	200x	as long as short
StandX BTC-USD	+0.0079%	1h	$30.6M	$230.1M	40x	as long as short
Extended BTC-USD	+0.0080%	1h	$48.7M	$206.8M	50x	as long as short
Bullet BTC-USD	+0.0086%	1h	$234K	$3.3M	20x	as long as short
Variational Omni BTC	+0.0086%	8h	$171.9M	$506.6M	—	as long as short
HTX BTC-USDT	+0.0092%	8h	$2.28B	$843.4M	200x	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	$171.3M	$919.1M	50x	as long as short
Lighter RH BTCshort	+0.0096%	1h	$24.4M	$134.2M	50x
Popdex BTCUSDT	+0.0096%	1h	$8.5M	$46.4M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$199K	$5.7M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.4M	$227.9M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.6M	$372.2M	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	$84.1M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$37.4M	$117.1M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	$277.9M	$889.1M	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	$11.7M	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	$59.3M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$6.0M	100x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$88.6M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	$128.7M	$6.18B	50x	as long as short
Deribit BTC-PERPETUAL	+0.0112%	1h	$911.6M	$1.12B	50x	as long as short
Hyperliquid BTC	+0.0123%	1h	$3.90B	$4.42B	40x	as long as short
RISEx BTC/USDC	+0.0132%	1h	$8.7M	$38.0M	25x	as long as short
Hibachi BTC/USDT-P	+0.0160%	1h	$727K	$7.4M	30x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0171% / S −0.0148%	1h	$12.4M	—	200x	as long as short