BTC

Alert

Funding spread now, next payment 15:00 UTC−0.0054%/8h

paid, last 24h−0.005%paid, last 7 days−0.056%to open and close $10k−$16

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica BTC	85,472.4	0.0100	pay 0.0013% / 1h	57m 16s	$36.3M	$310.2M	50x
Short	Aster BTCUSDT	85,447.5	0.0046	get 0.0046% / 8h	1h 57m	$487.3M	$966.6M	200x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee PacificabpFee AsterbpOrdersRate

Funding earned: −$11.38
Slippage, 4 orders: −$0.13
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$27.51
Break-even: never at this rate

Slippage from Pacifica: live order book, 3 min ago; Aster: live order book, 3 min ago.

Price risk

price view

Price gap now: −0.029%
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 Pacifica live order book, 3 min ago	0.06 bp	4.1 bp −$4	4.1 bp −$41	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	0.01 bp	4.0 bp −$4	4.1 bp −$41	4.5 bp −$446	7.4 bp −$3,686

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Perpl BTC	−0.0447%	43m	$416K	$31.6M	6.7x	as long as short
edgeX BTCUSDC	−0.0092%	4h	$282.8M	$781.6M	100x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$8K	$3K	50x	as long as short
Reya BTCRUSDPERP	−0.0037%	1h	$6.8M	$134.9M	40x	as long as short
Aftermath Perps BTCUSD	−0.0034%	1h	$85K	$140K	20x	as long as short
Phemex BTCUSDT	−0.0028%	8h	$160.2M	$369.5M	150x	as long as short
01 Exchange BTCUSD	−0.0024%	1h	$279K	$2.3M	50x	as long as short
Gate BTC_USDT	−0.0020%	8h	$6.03B	$8.32B	200x	as long as short
ApeX Omni BTCUSDT	−0.0019%	1h	$137.7M	$315.3M	100x	as long as short
Bitget BTCUSDT	−0.0012%	8h	$2.96B	$4.23B	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BingX BTC-USDT	−0.0012%	8h	—	$1.28B	—	as long as short
dYdX BTC-USD	0.0000%	1h	$16.1M	$13.7M	50x	as long as short
Kalshi KXBTCPERP	0.0000%	8h	$8.1M	$487.5M	6.4x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	$36.5M	—	200x	as long as short
HTX BTC-USDT	+0.0020%	8h	$2.29B	$776.6M	200x	as long as short
SoDEX BTC-USD	+0.0027%	1h	$61.2M	$234.4M	40x	as long as short
Nado BTC-PERP	+0.0028%	1h	$24.4M	$219.9M	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0042%	1h	$187.0M	$742.7M	100x	as long as short
Aster BTCUSDTshort	+0.0046%	8h	$487.3M	$966.6M	200x
OKX BTC-USDT-SWAP	+0.0061%	8h	$2.57B	$10.57B	100x	as long as short
KuCoin XBTUSDTM	+0.0068%	8h	$796.3M	$580.5M	125x	as long as short
Paradex BTC-USD-PERP	+0.0090%	8h	$4.4M	$6.6M	50x	as long as short
Lighter BTC	+0.0096%	1h	$182.6M	$837.5M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$25.3M	$128.5M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	$8.4M	$39.8M	100x	as long as short
Aevo BTC-PERP	+0.0096%	1h	$2.4M	$1.7M	20x	as long as short
Binance BTCUSDT	+0.0098%	8h	$9.52B	$19.20B	150x	as long as short
MEXC BTC_USDT	+0.0098%	8h	$4.96B	$4.57B	500x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$198K	$4.8M	50x	as long as short
Pacifica BTClong	+0.0100%	1h	$36.3M	$310.2M	50x
Bybit BTCUSDT	+0.0100%	8h	$5.06B	$7.70B	150x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$3.9M	$15.6M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	$6.2M	$76.9M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	$534.4M	$59.0M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$39.8M	$100.6M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	$173.2M	$463.3M	—	as long as short
StandX BTC-USD	+0.0100%	1h	$30.5M	$246.7M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	—	$13.1M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	$10.8M	$10.4M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	$249K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.3M	$6.6M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	$142K	$399K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	$27.6M	$50.8M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$5.2M	100x	as long as short
Extended BTC-USD	+0.0104%	1h	$47.6M	$198.7M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$85.0M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	$142.5M	$6.08B	50x	as long as short
Phoenix BTC	+0.0126%	1h	$1.6M	$9.5M	40x	as long as short
RISEx BTC/USDC	+0.0178%	1h	$8.5M	$36.5M	25x	as long as short
Injective BTC/USDC PERP	+0.0180%	1h	$307K	$27.0M	52x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0195% / S −0.0202%	1h	$12.9M	—	200x	as long as short
BloFin BTC-USDT	+0.0218%	8h	$421.0M	$477.3M	150x	as long as short
Hyperliquid BTC	+0.0227%	1h	$3.84B	$4.03B	40x	as long as short
Hibachi BTC/USDT-P	+0.0240%	1h	$607K	$7.5M	30x	as long as short
Deribit BTC-PERPETUAL	+0.0440%	1h	$843.6M	$907.8M	50x	as long as short