BTC

Alert

Funding spread now, next payment 16:00 UTC+0.0053%/8h

next payment, per $10,000+$0.53paid, last 24h+0.008%paid, last 3 days−0.028%to open and closeno order book

Long on KuCoin Short on Variational Omni

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XBTUSDTM	86,127.2	0.0047	pay 0.0047% / 8h	40m 17s	$793.8M	$613.4M	125x
Short	Variational Omni BTC	86,132.3	0.0100	get 0.0100% / 8h	40m 17s	$171.2M	$506.8M	—

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee Variational OmnibpOrdersRate

Funding earned: $11.13
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$0.87
Break-even: 7.5 days

Slippage unknown: KuCoin: live order book, 5 min ago; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.006%
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, 5 min ago	0.01 bp	6.2 bp −$6	7.6 bp −$76	9.2 bp −$917	11.3 bp −$5,665
Sell Variational Omni RFQ quote, 5 min ago	0.51 bp	doesn't fit	0.7 bp −$7	2.2 bp −$220	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	$455K	$30.0M	6.7x	as long as short
ApeX Omni BTCUSDT	−0.0147%	1h	$139.0M	$318.7M	100x	as long as short
BloFin BTC-USDT	−0.0122%	8h	$427.2M	$536.4M	150x	as long as short
edgeX BTCUSDC	−0.0098%	4h	$278.7M	$863.9M	100x	as long as short
Phoenix BTC	−0.0086%	1h	$2.0M	$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	$290K	$2.4M	50x	as long as short
Aftermath Perps BTCUSD	−0.0060%	1h	$87K	$155K	20x	as long as short
Phemex BTCUSDT	−0.0023%	8h	$158.2M	$399.1M	150x	as long as short
Reya BTCRUSDPERP	−0.0023%	1h	$6.7M	$137.6M	40x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate BTC_USDT	−0.0012%	8h	$6.16B	$9.28B	200x	as long as short
Bitget BTCUSDT	−0.0005%	8h	$2.97B	$4.63B	150x	as long as short
BingX BTC-USDT	−0.0005%	8h	—	$1.38B	—	as long as short
dYdX BTC-USD	0.0000%	1h	$16.9M	$16.4M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	$36.9M	—	200x	as long as short
SoDEX BTC-USD	+0.0023%	1h	$61.1M	$283.4M	40x	as long as short
OKX BTC-USDT-SWAP	+0.0032%	8h	$2.63B	$11.52B	100x	as long as short
KuCoin XBTUSDTMlong	+0.0047%	8h	$793.8M	$613.4M	125x
Aster BTCUSDT	+0.0047%	8h	$488.9M	$1.11B	200x	as long as short
HTX BTC-USDT	+0.0061%	8h	$2.30B	$837.5M	200x	as long as short
Kraken Futures PF_XBTUSD	+0.0071%	1h	$185.9M	$809.3M	100x	as long as short
MEXC BTC_USDT	+0.0076%	8h	$5.07B	$5.01B	500x	as long as short
Binance BTCUSDT	+0.0076%	8h	$9.57B	$21.44B	150x	as long as short
Aevo BTC-PERP	+0.0080%	1h	$2.4M	$1.6M	20x	as long as short
Paradex BTC-USD-PERP	+0.0084%	8h	$4.4M	$6.6M	50x	as long as short
Lighter BTC	+0.0096%	1h	$172.9M	$917.8M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.9M	$137.0M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	$8.5M	$44.8M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$199K	$5.4M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.7M	$229.5M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$37.1M	$342.8M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	$5.16B	$8.40B	150x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$4.0M	$16.4M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	$5.5M	$81.9M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$39.2M	$104.2M	75x	as long as short
Variational Omni BTCshort	+0.0100%	8h	$171.2M	$506.8M	—
StandX BTC-USD	+0.0100%	1h	$30.7M	$236.5M	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	$11.0M	$11.6M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	$245K	$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	$30.2M	$58.1M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$6.0M	100x	as long as short
Bulk BTC-USD	+0.0100%	1h	$547.8M	$93.7M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	$48.7M	$208.8M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$88.5M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	$150.7M	$6.25B	50x	as long as short
Injective BTC/USDC PERP	+0.0108%	1h	$305K	$27.0M	52x	as long as short
Kalshi KXBTCPERP	+0.0110%	8h	$11.0M	$561.0M	6.4x	as long as short
RISEx BTC/USDC	+0.0128%	1h	$8.5M	$38.7M	25x	as long as short
Hibachi BTC/USDT-P	+0.0152%	1h	$627K	$7.3M	30x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0198% / S −0.0176%	1h	$12.6M	—	200x	as long as short
Deribit BTC-PERPETUAL	+0.0201%	1h	$888.4M	$1.05B	50x	as long as short
Hyperliquid BTC	+0.0270%	1h	$3.92B	$4.33B	40x	as long as short