BTC

Alert

Funding spread now, next payment 18:00 UTC+0.0004%/8h

next payment, per $10,000+$0.01paid, last 24h−0.002%paid, last 3 days−0.132%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BTC	86,001.8	0.0096	pay 0.0012% / 1h	48m 33s	$172.2M	$933.1M	50x
Short	Vest BTC-PERP	86,053.4	0.0100	get 0.0013% / 1h	48m 33s	—	$11.7M	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee VestbpOrdersRate

Funding earned: $0.84
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Vest: 1 bp × 2 orders: −$2
Net: −$1.16
Break-even: 16.7 days

Slippage unknown: Lighter: live order book, 7 min ago; Vest: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.060%
Avg gap 7d: −0.006%

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 Lighter live order book, 7 min ago	0.02 bp	0.0 bp $0	0.2 bp −$2	1.0 bp −$102	3.4 bp −$1,683
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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
Bluefin BTC-PERP	−0.3219%	1h	$143K	$411K	40x	as long as short
Arcus BTC-USD	−0.0377%	1h	$6.6M	$84.7M	40x	as long as short
Perpl BTC	−0.0223%	43m	$406K	$27.0M	6.7x	as long as short
Phoenix BTC	−0.0096%	1h	$1.9M	$11.0M	40x	as long as short
Phemex BTCUSDT	−0.0091%	8h	$148.0M	$413.7M	150x	as long as short
BloFin BTC-USDT	−0.0088%	8h	$424.7M	$565.1M	150x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$4K	50x	as long as short
Kraken Futures PF_XBTUSD	−0.0073%	1h	$189.3M	$812.3M	100x	as long as short
01 Exchange BTCUSD	−0.0056%	1h	$294K	$2.4M	50x	as long as short
dYdX BTC-USD	−0.0047%	1h	$17.3M	$17.9M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Extended BTC-USD	−0.0032%	1h	$48.7M	$199.1M	50x	as long as short
SoDEX BTC-USD	−0.0024%	1h	$60.9M	$284.0M	40x	as long as short
Injective BTC/USDC PERP	−0.0019%	1h	$308K	$27.0M	52x	as long as short
Reya BTCRUSDPERP	−0.0018%	1h	$6.8M	$138.1M	40x	as long as short
Bulk BTC-USD	−0.0012%	1h	$560.3M	$139.6M	40x	as long as short
Bitget BTCUSDT	−0.0005%	8h	$2.96B	$4.69B	150x	as long as short
BingX BTC-USDT	−0.0004%	8h	—	$1.37B	—	as long as short
Deribit BTC-PERPETUAL	0.0000%	1h	$913.2M	$1.11B	50x	as long as short
KuCoin XBTUSDTM	+0.0004%	8h	$792.3M	$611.8M	125x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	$36.8M	—	200x	as long as short
OKX BTC-USDT-SWAP	+0.0012%	8h	$2.67B	$11.54B	100x	as long as short
Bybit BTCUSDT	+0.0017%	8h	$5.25B	$8.57B	150x	as long as short
Aster BTCUSDT	+0.0022%	8h	$505.2M	$1.11B	200x	as long as short
Binance BTCUSDT	+0.0031%	8h	$9.51B	$21.96B	150x	as long as short
MEXC BTC_USDT	+0.0032%	8h	$5.19B	$5.08B	500x	as long as short
Aevo BTC-PERP	+0.0032%	1h	$2.4M	$1.3M	20x	as long as short
Gate BTC_USDT	+0.0038%	8h	$6.07B	$9.46B	200x	as long as short
Popdex BTCUSDT	+0.0040%	1h	$8.5M	$46.4M	100x	as long as short
RISEx BTC/USDC	+0.0040%	1h	$9.2M	$38.7M	25x	as long as short
Derive BTC-PERP	+0.0069%	1h	$30.4M	$59.9M	15x	as long as short
Variational Omni BTC	+0.0078%	8h	$171.2M	$507.9M	—	as long as short
StandX BTC-USD	+0.0084%	1h	$30.6M	$227.1M	40x	as long as short
Bullet BTC-USD	+0.0088%	1h	$230K	$3.3M	20x	as long as short
Paradex BTC-USD-PERP	+0.0094%	8h	$4.4M	$6.8M	50x	as long as short
Lighter BTClong	+0.0096%	1h	$172.2M	$933.1M	50x
Lighter RH BTC	+0.0096%	1h	$24.6M	$134.9M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$214K	$5.6M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.4M	$227.3M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.7M	$391.3M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$4.0M	$16.6M	25x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$37.5M	$123.8M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	$278.9M	$884.3M	100x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	$139.7M	$318.7M	100x	as long as short
Vest BTC-PERPshort	+0.0100%	1h	—	$11.7M	50x
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
SunX BTC-USDT	+0.0100%	8h	$3.3M	$5.7M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	$2.29B	$836.0M	200x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$85.5M	500x	as long as short
Aftermath Perps BTCUSD	+0.0105%	1h	$87K	$150K	20x	as long as short
Kalshi KXBTCPERP	+0.0106%	8h	$14.2M	$621.9M	6.4x	as long as short
Hibachi BTC/USDT-P	+0.0112%	1h	$765K	$7.4M	30x	as long as short
Hyperliquid BTC	+0.0142%	1h	$3.90B	$4.38B	40x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0172% / S −0.0153%	1h	$12.7M	—	200x	as long as short
Coinbase International BTC-PERP-INTX	+0.0184%	1h	$128.1M	$5.99B	50x	as long as short