BTC

Alert

Funding spread now, next payment 18:00 UTC−0.0176%/8h

next payment, per $10,000−$0.22paid, last 24h−0.053%paid, last 3 days−0.263%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH BTC	85,862.3	0.0096	pay 0.0012% / 1h	14m 40s	$24.5M	$137.8M	50x
Short	Hotstuff BTC-PERP	85,882	−0.0080	pay 0.0010% / 1h	14m 40s	$9K	$4K	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Lighter RHbpFee HotstuffbpOrdersRate

Funding earned: −$36.96
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$41.96
Break-even: never at this rate

Slippage unknown: Lighter RH: live order book, 6 min ago; Hotstuff: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.023%
Avg gap 7d: —

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 RH live order book, 6 min ago	0.98 bp	1.0 bp −$1	1.0 bp −$10	3.0 bp −$296	21.6 bp −$10.8K
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: 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	−0.1254%	1h	$143K	$410K	40x	as long as short
Perpl BTC	−0.0447%	43m	$390K	$26.6M	6.7x	as long as short
Arcus BTC-USD	−0.0377%	1h	$6.9M	$85.3M	40x	as long as short
Phoenix BTC	−0.0096%	1h	$1.9M	$11.0M	40x	as long as short
BloFin BTC-USDT	−0.0096%	8h	$423.4M	$567.0M	150x	as long as short
Hotstuff BTC-PERPshort	−0.0080%	1h	$9K	$4K	50x
ApeX Omni BTCUSDT	−0.0076%	1h	$139.2M	$319.3M	100x	as long as short
Kraken Futures PF_XBTUSD	−0.0073%	1h	$190.4M	$811.9M	100x	as long as short
01 Exchange BTCUSD	−0.0048%	1h	$309K	$2.4M	50x	as long as short
dYdX BTC-USD	−0.0020%	1h	$17.1M	$18.1M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective BTC/USDC PERP	−0.0019%	1h	$308K	$27.0M	52x	as long as short
Reya BTCRUSDPERP	−0.0017%	1h	$6.7M	$138.2M	40x	as long as short
Bulk BTC-USD	−0.0015%	1h	$560.8M	$139.1M	40x	as long as short
BingX BTC-USDC	−0.0004%	8h	—	$14.7M	—	as long as short
KuCoin XBTUSDTM	−0.0003%	8h	$805.8M	$618.1M	125x	as long as short
Bitget BTCUSDT	−0.0003%	8h	$2.96B	$4.68B	150x	as long as short
SoDEX BTC-USD	−0.0002%	1h	$60.8M	$284.3M	40x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	$36.7M	—	200x	as long as short
Gate BTC_USDT	+0.0006%	8h	$6.07B	$9.59B	200x	as long as short
Phemex BTCUSDT	+0.0010%	8h	$147.7M	$417.6M	150x	as long as short
Aster BTCUSDT	+0.0012%	8h	$504.7M	$1.10B	200x	as long as short
OKX BTC-USDT-SWAP	+0.0016%	8h	$2.66B	$11.54B	100x	as long as short
Bybit BTCUSDT	+0.0016%	8h	$5.25B	$8.59B	150x	as long as short
Binance BTCUSDT	+0.0024%	8h	$9.47B	$22.07B	150x	as long as short
MEXC BTC_USDT	+0.0024%	8h	$5.18B	$5.16B	500x	as long as short
Aevo BTC-PERP	+0.0024%	1h	$2.4M	$1.3M	20x	as long as short
Extended BTC-USD	+0.0032%	1h	$48.7M	$199.9M	50x	as long as short
RISEx BTC/USDC	+0.0040%	1h	$9.1M	$38.6M	25x	as long as short
Popdex BTCUSDT	+0.0048%	1h	$8.5M	$46.5M	100x	as long as short
Aftermath Perps BTCUSD	+0.0058%	1h	$86K	$154K	20x	as long as short
Variational Omni BTC	+0.0063%	8h	$171.7M	$506.9M	—	as long as short
StandX BTC-USD	+0.0070%	1h	$30.7M	$220.4M	40x	as long as short
HTX BTC-USDT	+0.0093%	8h	$2.29B	$835.4M	200x	as long as short
Lighter BTC	+0.0096%	1h	$171.8M	$945.8M	50x	as long as short
Lighter RH BTClong	+0.0096%	1h	$24.5M	$137.8M	50x
Paradex BTC-USD-PERP	+0.0097%	8h	$4.4M	$6.8M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$188K	$5.8M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.3M	$227.4M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.9M	$400.4M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$3.9M	$16.8M	25x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$37.2M	$127.3M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	$280.4M	$881.2M	100x	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	$11.7M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	$238K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.4M	$7.4M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	$30.4M	$59.0M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.4M	$5.8M	100x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$84.8M	500x	as long as short
Kalshi KXBTCPERP	+0.0106%	8h	$13.1M	$640.3M	6.4x	as long as short
Hibachi BTC/USDT-P	+0.0120%	1h	$754K	$6.9M	30x	as long as short
Deribit BTC-PERPETUAL	+0.0135%	1h	$914.5M	$1.10B	50x	as long as short
Hyperliquid BTC	+0.0156%	1h	$3.92B	$4.40B	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	$128.7M	$5.88B	50x	as long as short