BTC

Alert

Funding spread now, next payment 14:00 UTC+0.0274%/8h

next payment, per $10,000+$0.34paid, last 24h+0.011%paid, last 3 days+0.056%to open and close $10k−$15

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.056% in total (about 7.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.34 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado BTC-PERP	85,040.9	0.0074	pay 0.0009% / 1h	34m 21s	$23.1M	$203.8M	50x
Short	Deribit BTC-PERPETUAL	85,078.3	0.0348	get 0.0043% / 1h	34m 21s	$829.5M	$850.6M	50x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee NadobpFee DeribitbpOrdersRate

Funding earned: $57.45
Slippage, 4 orders: −$0.65
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $42.81
Break-even: 1.8 days

Slippage from Nado: live order book, 1 min ago; Deribit: live order book, 1 min ago.

Price risk

price view

Price gap now: +0.044%
Avg gap 7d: +0.048%

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 Nado live order book, 1 min ago	0.06 bp	3.6 bp −$4	3.6 bp −$36	4.6 bp −$457	9.8 bp −$4,878
Sell Deribit live order book, 1 min ago	0.03 bp	4.0 bp −$4	4.9 bp −$49	7.0 bp −$696	14.6 bp −$7,308

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Perpl BTC	−0.0447%	43m	$413K	$31.9M	6.7x	as long as short
ApeX Omni BTCUSDT	−0.0191%	1h	$137.2M	$313.8M	100x	as long as short
edgeX BTCUSDC	−0.0103%	4h	$283.3M	$734.1M	100x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$2K	50x	as long as short
Gate BTC_USDT	−0.0058%	8h	$6.01B	$7.79B	200x	as long as short
Reya BTCRUSDPERP	−0.0048%	1h	$6.7M	$128.6M	40x	as long as short
Injective BTC/USDC PERP	−0.0036%	1h	$322K	$27.0M	52x	as long as short
01 Exchange BTCUSD	−0.0032%	1h	$314K	$2.1M	50x	as long as short
Bitget BTCUSDT	−0.0015%	8h	$2.92B	$3.96B	150x	as long as short
BingX BTC-USDC	−0.0014%	8h	—	$15.1M	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
SoDEX BTC-USD	−0.0005%	1h	$60.9M	$233.3M	40x	as long as short
HTX BTC-USDT	−0.0005%	8h	$2.28B	$725.3M	200x	as long as short
Aftermath Perps BTCUSD	0.0000%	1h	$83K	$136K	20x	as long as short
dYdX BTC-USD	0.0000%	1h	$16.4M	$13.0M	50x	as long as short
Kalshi KXBTCPERP	0.0000%	8h	$8.8M	$447.3M	6.4x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	$36.4M	—	200x	as long as short
Backpack BTC_USDC_PERP	+0.0034%	1h	$39.8M	$102.4M	75x	as long as short
Phemex BTCUSDT	+0.0043%	8h	$163.6M	$352.5M	150x	as long as short
Popdex BTCUSDT	+0.0048%	1h	$8.4M	$36.5M	100x	as long as short
Aster BTCUSDT	+0.0052%	8h	$489.1M	$867.1M	200x	as long as short
OKX BTC-USDT-SWAP	+0.0072%	8h	$2.54B	$9.86B	100x	as long as short
Nado BTC-PERPlong	+0.0074%	1h	$23.1M	$203.8M	50x
Bullet BTC-USD	+0.0079%	1h	$227K	$3.3M	20x	as long as short
KuCoin XBTUSDTM	+0.0079%	8h	$801.9M	$544.6M	125x	as long as short
RISEx BTC/USDC	+0.0090%	1h	$8.0M	$35.0M	25x	as long as short
Lighter BTC	+0.0096%	1h	$188.1M	$771.7M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$25.0M	$121.4M	50x	as long as short
Aevo BTC-PERP	+0.0096%	1h	$2.4M	$1.7M	20x	as long as short
Paradex BTC-USD-PERP	+0.0097%	8h	$4.3M	$6.5M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$232K	$4.5M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.4M	$289.3M	50x	as long as short
Binance BTCUSDT	+0.0100%	8h	$9.49B	$17.80B	150x	as long as short
Bybit BTCUSDT	+0.0100%	8h	$5.04B	$7.13B	150x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$3.9M	$14.8M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	$6.4M	$72.2M	40x	as long as short
MEXC BTC_USDT	+0.0100%	8h	$5.07B	$4.31B	500x	as long as short
Variational Omni BTC	+0.0100%	8h	$171.5M	$441.5M	—	as long as short
StandX BTC-USD	+0.0100%	1h	$30.4M	$249.1M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	—	$12.3M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	$10.7M	$9.7M	50x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.2M	$6.3M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	$142K	$355K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	$26.1M	$49.8M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$5.0M	100x	as long as short
Bulk BTC-USD	+0.0100%	1h	$531.7M	$81.4M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	$46.9M	$172.8M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$78.9M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0120%	1h	$139.5M	$5.85B	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0124%	1h	$185.2M	$694.6M	100x	as long as short
Phoenix BTC	+0.0126%	1h	$1.5M	$10.3M	40x	as long as short
Hyperliquid BTC	+0.0160%	1h	$3.84B	$3.78B	40x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0190% / S −0.0195%	1h	$12.9M	—	200x	as long as short
BloFin BTC-USDT	+0.0220%	8h	$418.6M	$401.7M	150x	as long as short
Hibachi BTC/USDT-P	+0.0232%	1h	$604K	$7.5M	30x	as long as short
Deribit BTC-PERPETUALshort	+0.0348%	1h	$829.5M	$850.6M	50x