BTC

Alert

Funding spread now, next payment 16:00 UTC−0.0025%/8h

next payment, per $10,000−$0.25paid, last 24h−0.002%paid, last 7 days−0.043%to open and close $10k−$17

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BTC_USDT	85,931.9	0.0087	pay 0.0087% / 8h	1h 24m	$4.97B	$4.80B	500x
Short	KuCoin XBTUSDTM	85,933.3	0.0062	get 0.0062% / 8h	1h 24m	$790.4M	$587.4M	125x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee KuCoinbpOrdersRate

Funding earned: −$5.25
Slippage, 4 orders: −$0.92
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$22.17
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; KuCoin: live order book, 11 min ago.

Price risk

price view

Price gap now: +0.002%
Avg gap 7d: 0.000%

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, 1 min ago	0.04 bp	2.0 bp −$2	2.0 bp −$20	2.1 bp −$213	2.2 bp −$1,076
Sell KuCoin live order book, 11 min ago	0.01 bp	6.0 bp −$6	6.4 bp −$64	7.7 bp −$769	11.5 bp −$5,749

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Perpl BTC	−0.0447%	43m	$390K	$30.7M	6.7x	as long as short
Bluefin BTC-PERP	−0.0344%	1h	$143K	$402K	40x	as long as short
edgeX BTCUSDC	−0.0112%	4h	$285.2M	$811.1M	100x	as long as short
01 Exchange BTCUSD	−0.0104%	1h	$282K	$2.3M	50x	as long as short
Aftermath Perps BTCUSD	−0.0085%	1h	$87K	$144K	20x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$8K	$3K	50x	as long as short
ApeX Omni BTCUSDT	−0.0052%	1h	$138.6M	$317.3M	100x	as long as short
Reya BTCRUSDPERP	−0.0030%	1h	$6.7M	$137.3M	40x	as long as short
Phemex BTCUSDT	−0.0019%	8h	$159.2M	$380.8M	150x	as long as short
Gate BTC_USDT	−0.0010%	8h	$6.10B	$8.76B	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget BTCUSDT	−0.0009%	8h	$2.98B	$4.37B	150x	as long as short
BingX BTC-USDT	−0.0009%	8h	—	$1.32B	—	as long as short
dYdX BTC-USD	−0.0007%	1h	$17.3M	$15.3M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	$36.8M	—	200x	as long as short
Phoenix BTC	+0.0015%	1h	$1.6M	$10.8M	40x	as long as short
SoDEX BTC-USD	+0.0023%	1h	$61.2M	$258.8M	40x	as long as short
HTX BTC-USDT	+0.0041%	8h	$2.30B	$795.2M	200x	as long as short
Kraken Futures PF_XBTUSD	+0.0042%	1h	$185.6M	$770.9M	100x	as long as short
Aster BTCUSDT	+0.0043%	8h	$489.8M	$1.04B	200x	as long as short
OKX BTC-USDT-SWAP	+0.0047%	8h	$2.59B	$10.95B	100x	as long as short
KuCoin XBTUSDTMshort	+0.0062%	8h	$790.4M	$587.4M	125x
Bullet BTC-USD	+0.0068%	1h	$247K	$3.3M	20x	as long as short
Hibachi BTC/USDT-P	+0.0072%	1h	$615K	$7.2M	30x	as long as short
Nado BTC-PERP	+0.0073%	1h	$24.0M	$225.4M	50x	as long as short
Aevo BTC-PERP	+0.0080%	1h	$2.4M	$1.6M	20x	as long as short
Paradex BTC-USD-PERP	+0.0083%	8h	$4.3M	$6.5M	50x	as long as short
MEXC BTC_USDTlong	+0.0087%	8h	$4.97B	$4.80B	500x
Popdex BTCUSDT	+0.0088%	1h	$8.5M	$41.7M	100x	as long as short
Binance BTCUSDT	+0.0088%	8h	$9.62B	$20.17B	150x	as long as short
Lighter BTC	+0.0096%	1h	$177.4M	$880.7M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$25.2M	$135.0M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$200K	$5.1M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$37.0M	$323.4M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	$5.11B	$8.05B	150x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$3.9M	$15.7M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	$5.5M	$78.8M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	$537.2M	$59.9M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$39.6M	$99.7M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	$174.3M	$469.7M	—	as long as short
StandX BTC-USD	+0.0100%	1h	$30.7M	$244.3M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	—	$13.2M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	$10.9M	$10.9M	50x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.4M	$6.8M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	$29.0M	$56.7M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$5.5M	100x	as long as short
Kalshi KXBTCPERP	+0.0101%	8h	$8.9M	$519.1M	6.4x	as long as short
Extended BTC-USD	+0.0104%	1h	$47.4M	$202.5M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$87.3M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	$145.9M	$6.21B	50x	as long as short
Hyperliquid BTC	+0.0146%	1h	$3.87B	$4.15B	40x	as long as short
RISEx BTC/USDC	+0.0178%	1h	$8.6M	$37.2M	25x	as long as short
Injective BTC/USDC PERP	+0.0180%	1h	$308K	$27.0M	52x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0200% / S −0.0207%	1h	$13.4M	—	200x	as long as short
BloFin BTC-USDT	+0.0207%	8h	$426.1M	$495.0M	150x	as long as short
Deribit BTC-PERPETUAL	+0.0277%	1h	$859.1M	$968.2M	50x	as long as short