BTC

Alert

Funding spread now, next payment 16:00 UTC+0.0158%/8h

paid, last 24h+0.053%paid, last 7 days+0.356%to open and close $10k−$14

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BTC_USDT	85,839.9	0.0066	pay 0.0066% / 8h	26m 50s	$5.05B	$5.11B	500x
Short	Hibachi BTC/USDT-P	85,859.9	0.0224	get 0.0028% / 1h	26m 50s	$633K	$7.3M	30x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee HibachibpOrdersRate

Funding earned: $33.18
Slippage, 4 orders: −$0.94
Fee MEXC: 2 bp × 2 orders: −$4
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: $19.24
Break-even: 2.9 days

Slippage from MEXC: live order book, 4 min ago; Hibachi: live order book, 4 min ago.

Price risk

price view

Price gap now: +0.023%
Avg gap 7d: +0.039%

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, 4 min ago	0.01 bp	2.0 bp −$2	2.1 bp −$21	2.3 bp −$234	3.4 bp −$1,716
Sell Hibachi live order book, 4 min ago	0.01 bp	5.3 bp −$5	6.5 bp −$65	42.8 bp −$4,280	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	$443K	$29.9M	6.7x	as long as short
ApeX Omni BTCUSDT	−0.0103%	1h	$139.4M	$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	$4K	50x	as long as short
01 Exchange BTCUSD	−0.0064%	1h	$289K	$2.4M	50x	as long as short
BloFin BTC-USDT	−0.0054%	8h	$430.4M	$555.6M	150x	as long as short
Aftermath Perps BTCUSD	−0.0030%	1h	$86K	$154K	20x	as long as short
Reya BTCRUSDPERP	−0.0022%	1h	$6.7M	$137.7M	40x	as long as short
SoDEX BTC-USD	−0.0017%	1h	$60.8M	$283.4M	40x	as long as short
Gate BTC_USDT	−0.0017%	8h	$6.14B	$9.43B	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex BTCUSDT	−0.0014%	8h	$155.4M	$403.6M	150x	as long as short
Bitget BTCUSDT	−0.0005%	8h	$2.96B	$4.67B	150x	as long as short
BingX BTC-USDC	−0.0005%	8h	—	$14.8M	—	as long as short
dYdX BTC-USD	0.0000%	1h	$17.2M	$17.4M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	$36.7M	—	200x	as long as short
OKX BTC-USDT-SWAP	+0.0030%	8h	$2.64B	$11.60B	100x	as long as short
KuCoin XBTUSDTM	+0.0038%	8h	$788.9M	$616.1M	125x	as long as short
Aster BTCUSDT	+0.0038%	8h	$486.5M	$1.12B	200x	as long as short
HTX BTC-USDT	+0.0063%	8h	$2.29B	$853.4M	200x	as long as short
Aevo BTC-PERP	+0.0064%	1h	$2.4M	$1.6M	20x	as long as short
Binance BTCUSDT	+0.0065%	8h	$9.52B	$21.68B	150x	as long as short
MEXC BTC_USDTlong	+0.0066%	8h	$5.05B	$5.11B	500x
Kraken Futures PF_XBTUSD	+0.0071%	1h	$185.8M	$816.9M	100x	as long as short
Paradex BTC-USD-PERP	+0.0088%	8h	$4.4M	$6.6M	50x	as long as short
Lighter BTC	+0.0096%	1h	$172.2M	$928.1M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.7M	$138.6M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	$8.5M	$45.5M	100x	as long as short
Bybit BTCUSDT	+0.0100%	8h	$5.17B	$8.50B	150x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$191K	$5.5M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.8M	$229.7M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.5M	$350.6M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$3.9M	$16.3M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	$5.9M	$83.9M	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	$38.8M	$106.6M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	$169.3M	$508.3M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	$277.9M	$874.0M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	$30.6M	$231.8M	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	$11.7M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	$242K	$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	$59.2M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$6.0M	100x	as long as short
Kalshi KXBTCPERP	+0.0103%	8h	$12.0M	$572.0M	6.4x	as long as short
Extended BTC-USD	+0.0104%	1h	$48.6M	$209.9M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$89.7M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	$150.1M	$6.23B	50x	as long as short
Injective BTC/USDC PERP	+0.0108%	1h	$307K	$27.0M	52x	as long as short
RISEx BTC/USDC	+0.0128%	1h	$8.4M	$38.7M	25x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0198% / S −0.0175%	1h	$12.5M	—	200x	as long as short
Hibachi BTC/USDT-Pshort	+0.0224%	1h	$633K	$7.3M	30x
Hyperliquid BTC	+0.0237%	1h	$3.89B	$4.42B	40x	as long as short
Deribit BTC-PERPETUAL	+0.0327%	1h	$898.6M	$1.09B	50x	as long as short