BTC

Alert

Funding spread now, next payment 16:00 UTC+0.0004%/8h

next payment, per $10,000+$0.01paid, last 24h+0.001%paid, last 7 days+0.013%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH BTC	85,890.4	0.0096	pay 0.0012% / 1h	35m 00s	$24.9M	$137.6M	50x
Short	Ondo Perps BTC-USD.P	85,848	0.0100	get 0.0013% / 1h	35m 00s	$4.0M	$16.3M	25x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Lighter RHbpFee Ondo PerpsbpOrdersRate

Funding earned: $0.84
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$4.16
Break-even: 41.7 days

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

Price risk

price view

Price gap now: −0.049%
Avg gap 7d: −0.010%

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	0.25 bp	1.2 bp −$1	1.7 bp −$17	3.5 bp −$353	24.2 bp −$12.1K
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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
Perpl BTC	−0.0223%	43m	$449K	$30.1M	6.7x	as long as short
BloFin BTC-USDT	−0.0123%	8h	$428.2M	$537.6M	150x	as long as short
edgeX BTCUSDC	−0.0101%	4h	$278.4M	$869.0M	100x	as long as short
ApeX Omni BTCUSDT	−0.0100%	1h	$139.2M	$318.6M	100x	as long as short
Phoenix BTC	−0.0086%	1h	$1.8M	$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	$287K	$2.4M	50x	as long as short
Aftermath Perps BTCUSD	−0.0054%	1h	$87K	$155K	20x	as long as short
Reya BTCRUSDPERP	−0.0023%	1h	$6.7M	$137.7M	40x	as long as short
Gate BTC_USDT	−0.0015%	8h	$6.13B	$9.35B	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex BTCUSDT	−0.0013%	8h	$157.7M	$401.0M	150x	as long as short
SoDEX BTC-USD	−0.0011%	1h	$60.9M	$283.5M	40x	as long as short
Bitget BTCUSDT	−0.0005%	8h	$2.96B	$4.65B	150x	as long as short
BingX BTC-USDT	−0.0005%	8h	—	$1.39B	—	as long as short
dYdX BTC-USD	0.0000%	1h	$16.8M	$16.6M	50x	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	+0.0032%	8h	$2.63B	$11.56B	100x	as long as short
Aster BTCUSDT	+0.0042%	8h	$486.8M	$1.11B	200x	as long as short
KuCoin XBTUSDTM	+0.0042%	8h	$789.2M	$615.5M	125x	as long as short
HTX BTC-USDT	+0.0061%	8h	$2.29B	$843.9M	200x	as long as short
Binance BTCUSDT	+0.0070%	8h	$9.53B	$21.58B	150x	as long as short
Kraken Futures PF_XBTUSD	+0.0071%	1h	$185.4M	$814.1M	100x	as long as short
MEXC BTC_USDT	+0.0071%	8h	$5.07B	$5.06B	500x	as long as short
Aevo BTC-PERP	+0.0072%	1h	$2.4M	$1.6M	20x	as long as short
Paradex BTC-USD-PERP	+0.0086%	8h	$4.4M	$6.6M	50x	as long as short
Lighter BTC	+0.0096%	1h	$172.1M	$923.4M	50x	as long as short
Lighter RH BTClong	+0.0096%	1h	$24.9M	$137.6M	50x
Popdex BTCUSDT	+0.0096%	1h	$8.4M	$45.1M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$194K	$5.4M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.9M	$230.2M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.5M	$344.9M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	$5.15B	$8.46B	150x	as long as short
Ondo Perps BTC-USD.Pshort	+0.0100%	1h	$4.0M	$16.3M	25x
Arcus BTC-USD	+0.0100%	1h	$5.8M	$82.5M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	$548.9M	$98.1M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$39.2M	$105.4M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	$170.5M	$507.8M	—	as long as short
StandX BTC-USD	+0.0100%	1h	$30.6M	$235.1M	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	$10.9M	$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	$30.1M	$59.1M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$6.0M	100x	as long as short
Extended BTC-USD	+0.0104%	1h	$48.7M	$209.5M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$89.0M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	$150.9M	$6.24B	50x	as long as short
Kalshi KXBTCPERP	+0.0107%	8h	$11.7M	$566.2M	6.4x	as long as short
Injective BTC/USDC PERP	+0.0108%	1h	$305K	$27.0M	52x	as long as short
RISEx BTC/USDC	+0.0128%	1h	$8.3M	$38.8M	25x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0198% / S −0.0176%	1h	$12.5M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0200%	1h	$633K	$7.3M	30x	as long as short
Deribit BTC-PERPETUAL	+0.0227%	1h	$892.6M	$1.06B	50x	as long as short
Hyperliquid BTC	+0.0236%	1h	$3.90B	$4.35B	40x	as long as short