BTC

Alert

Funding spread now, next payment 19:00 UTC−0.0069%/8h

paid, last 24h+0.002%paid, last 3 days−0.123%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_BTC_USDC	85,927.7	0.0100	pay 0.0100% / 8h	5h 49m	$2.4M	$7.4M	100x
Short	RISEx BTC/USDC	85,944.7	0.0031	get 0.0004% / 1h	49m 32s	$9.0M	$38.5M	25x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee RISExbpOrdersRate

Funding earned: −$14.48
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$26.48
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; RISEx: live order book, 1 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.020%
Avg gap 7d: +0.020%

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 Orderly no order-book sample	—	—	—	—	—
Sell RISEx live order book, 1 min ago	0.98 bp	4.0 bp −$4	4.0 bp −$40	12.5 bp −$1,251	doesn't fit

Orderly: 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	$404K	$26.2M	6.7x	as long as short
Arcus BTC-USD	−0.0299%	1h	$6.7M	$85.2M	40x	as long as short
BloFin BTC-USDT	−0.0090%	8h	$422.0M	$566.9M	150x	as long as short
Phoenix BTC	−0.0082%	1h	$1.9M	$11.0M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$4K	50x	as long as short
01 Exchange BTCUSD	−0.0040%	1h	$308K	$2.4M	50x	as long as short
Kraken Futures PF_XBTUSD	−0.0019%	1h	$188.2M	$816.4M	100x	as long as short
Reya BTCRUSDPERP	−0.0017%	1h	$6.7M	$138.3M	40x	as long as short
Phemex BTCUSDT	−0.0013%	8h	$148.5M	$422.2M	150x	as long as short
Injective BTC/USDC PERP	−0.0006%	1h	$307K	$27.0M	52x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin XBTUSDTM	−0.0006%	8h	$805.3M	$619.0M	125x	as long as short
dYdX BTC-USD	−0.0002%	1h	$17.1M	$18.1M	50x	as long as short
BingX BTC-USDC	−0.0001%	8h	—	$14.6M	—	as long as short
Kalshi KXBTCPERP	0.0000%	8h	$12.0M	$649.5M	6.4x	as long as short
Bitget BTCUSDT	+0.0001%	8h	$2.96B	$4.68B	150x	as long as short
Bulk BTC-USD	+0.0002%	1h	$562.2M	$127.9M	40x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	$36.8M	—	200x	as long as short
Aster BTCUSDT	+0.0018%	8h	$505.0M	$1.09B	200x	as long as short
OKX BTC-USDT-SWAP	+0.0022%	8h	$2.66B	$11.57B	100x	as long as short
Bybit BTCUSDT	+0.0026%	8h	$5.27B	$8.63B	150x	as long as short
MEXC BTC_USDT	+0.0031%	8h	$5.18B	$5.08B	500x	as long as short
RISEx BTC/USDCshort	+0.0031%	1h	$9.0M	$38.5M	25x
Binance BTCUSDT	+0.0031%	8h	$9.47B	$22.02B	150x	as long as short
Aevo BTC-PERP	+0.0032%	1h	$2.4M	$1.3M	20x	as long as short
Aftermath Perps BTCUSD	+0.0034%	1h	$87K	$152K	20x	as long as short
Gate BTC_USDT	+0.0037%	8h	$6.05B	$9.58B	200x	as long as short
SoDEX BTC-USD	+0.0041%	1h	$60.9M	$284.7M	40x	as long as short
Variational Omni BTC	+0.0074%	8h	$170.7M	$505.7M	—	as long as short
Extended BTC-USD	+0.0080%	1h	$48.5M	$199.5M	50x	as long as short
Popdex BTCUSDT	+0.0080%	1h	$8.5M	$46.1M	100x	as long as short
ApeX Omni BTCUSDT	+0.0083%	1h	$140.0M	$319.8M	100x	as long as short
Lighter BTC	+0.0096%	1h	$172.1M	$943.1M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.5M	$137.2M	50x	as long as short
Paradex BTC-USD-PERP	+0.0098%	8h	$4.4M	$6.9M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$200K	$5.9M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.1M	$226.8M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.7M	$411.8M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$4.1M	$17.2M	25x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$37.7M	$132.0M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	$280.6M	$882.7M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	$30.7M	$216.2M	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	$11.0M	$12.0M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	$234K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDClong	+0.0100%	8h	$2.4M	$7.4M	100x
Bluefin BTC-PERP	+0.0100%	1h	$144K	$411K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	$30.4M	$58.8M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.4M	$5.8M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	$2.29B	$844.0M	200x	as long as short
Hibachi BTC/USDT-P	+0.0104%	1h	$754K	$6.6M	30x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$83.8M	500x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0172% / S −0.0153%	1h	$12.7M	—	200x	as long as short
Hyperliquid BTC	+0.0185%	1h	$3.96B	$4.45B	40x	as long as short
Deribit BTC-PERPETUAL	+0.0199%	1h	$916.0M	$1.10B	50x	as long as short
Coinbase International BTC-PERP-INTX	+0.0200%	1h	$129.1M	$5.85B	50x	as long as short