BTC

Alert

Funding spread now, next payment 19:00 UTC+0.0072%/8h

paid, last 24h+0.017%paid, last 7 days−0.035%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BTC_USDT	85,875.6	0.0028	pay 0.0028% / 8h	5h 23m	$5.16B	$5.12B	500x
Short	Derive BTC-PERP	85,888.3	0.0100	get 0.0013% / 1h	23m 37s	$30.4M	$58.9M	15x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee DerivebpOrdersRate

Funding earned: $15.12
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Derive: 3 bp × 2 orders: −$6
Net: $5.12
Break-even: 4.6 days

Slippage unknown: MEXC: live order book, 2 min ago; Derive: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.015%
Avg gap 7d: −0.001%

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 MEXC live order book, 2 min ago	0.01 bp	2.0 bp −$2	2.0 bp −$20	2.2 bp −$221	2.6 bp −$1,305
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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	−0.0447%	43m	$403K	$26.0M	6.7x	as long as short
Arcus BTC-USD	−0.0299%	1h	$6.7M	$86.2M	40x	as long as short
BloFin BTC-USDT	−0.0092%	8h	$424.3M	$567.7M	150x	as long as short
Phoenix BTC	−0.0082%	1h	$2.0M	$11.0M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$4K	50x	as long as short
01 Exchange BTCUSD	−0.0048%	1h	$311K	$2.3M	50x	as long as short
Kraken Futures PF_XBTUSD	−0.0019%	1h	$188.9M	$817.5M	100x	as long as short
Reya BTCRUSDPERP	−0.0016%	1h	$6.7M	$138.4M	40x	as long as short
SoDEX BTC-USD	−0.0016%	1h	$60.9M	$285.5M	40x	as long as short
KuCoin XBTUSDTM	−0.0009%	8h	$806.7M	$620.9M	125x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective BTC/USDC PERP	−0.0006%	1h	$309K	$27.0M	52x	as long as short
dYdX BTC-USD	−0.0004%	1h	$17.1M	$17.7M	50x	as long as short
Kalshi KXBTCPERP	0.0000%	8h	$11.7M	$657.0M	6.4x	as long as short
Aftermath Perps BTCUSD	+0.0001%	1h	$87K	$157K	20x	as long as short
Bitget BTCUSDT	+0.0001%	8h	$2.96B	$4.68B	150x	as long as short
BingX BTC-USDT	+0.0002%	8h	—	$1.37B	—	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	$36.7M	—	200x	as long as short
Bulk BTC-USD	+0.0005%	1h	$563.1M	$124.9M	40x	as long as short
Aster BTCUSDT	+0.0014%	8h	$506.2M	$1.10B	200x	as long as short
Phemex BTCUSDT	+0.0018%	8h	$152.3M	$424.9M	150x	as long as short
ApeX Omni BTCUSDT	+0.0027%	1h	$140.0M	$320.5M	100x	as long as short
Binance BTCUSDT	+0.0027%	8h	$9.52B	$22.13B	150x	as long as short
MEXC BTC_USDTlong	+0.0028%	8h	$5.16B	$5.12B	500x
OKX BTC-USDT-SWAP	+0.0031%	8h	$2.67B	$11.59B	100x	as long as short
RISEx BTC/USDC	+0.0031%	1h	$9.1M	$38.7M	25x	as long as short
Aevo BTC-PERP	+0.0032%	1h	$2.4M	$1.3M	20x	as long as short
Gate BTC_USDT	+0.0037%	8h	$6.07B	$9.65B	200x	as long as short
HTX BTC-USDT	+0.0040%	8h	$2.29B	$849.2M	200x	as long as short
Popdex BTCUSDT	+0.0040%	1h	$8.5M	$46.3M	100x	as long as short
Bybit BTCUSDT	+0.0042%	8h	$5.28B	$8.67B	150x	as long as short
Variational Omni BTC	+0.0074%	8h	$170.1M	$506.3M	—	as long as short
Hibachi BTC/USDT-P	+0.0080%	1h	$752K	$6.5M	30x	as long as short
Orderly PERP_BTC_USDC	+0.0094%	8h	$2.4M	$7.4M	100x	as long as short
Lighter BTC	+0.0096%	1h	$171.6M	$951.5M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.4M	$138.6M	50x	as long as short
Extended BTC-USD	+0.0096%	1h	$48.6M	$200.6M	50x	as long as short
Paradex BTC-USD-PERP	+0.0099%	8h	$4.4M	$6.9M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$193K	$5.9M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.1M	$227.1M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.9M	$418.4M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$4.0M	$17.3M	25x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$37.4M	$135.1M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	$280.7M	$882.0M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	$30.7M	$212.8M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	—	$11.5M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	$10.9M	$12.3M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	$231K	$3.3M	20x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	$143K	$411K	40x	as long as short
Derive BTC-PERPshort	+0.0100%	1h	$30.4M	$58.9M	15x
SunX BTC-USDT	+0.0100%	8h	$3.4M	$5.7M	100x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$83.3M	500x	as long as short
Deribit BTC-PERPETUAL	+0.0153%	1h	$915.9M	$1.11B	50x	as long as short
Hyperliquid BTC	+0.0154%	1h	$3.96B	$4.49B	40x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0175% / S −0.0177%	1h	$13.7M	—	200x	as long as short
Coinbase International BTC-PERP-INTX	+0.0200%	1h	$129.7M	$5.83B	50x	as long as short