BTC

Alert

Funding spread now, next payment 00:00 UTC−0.0190%/8h

next payment, per $10,000−$1.90paid, last 24h−0.035%paid, last 3 days+0.045%to open and close $10k−$18

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.045% in total (about 4.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.90 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	Paradex BTC-USD-PERP	86,005.5	0.0098	pay 0.0098% / 8h	5h 52m	$4.4M	$6.8M	50x
Short	BloFin BTC-USDT	85,912	−0.0092	pay 0.0092% / 8h	5h 52m	$422.6M	$567.5M	150x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee ParadexbpFee BloFinbpOrdersRate

Funding earned: −$39.83
Slippage, 4 orders: −$2.02
Fee Paradex: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$57.85
Break-even: never at this rate

Slippage from Paradex: live order book, 4 min ago; BloFin: live order book, 4 min ago.

Price risk

price view

Price gap now: −0.109%
Avg gap 7d: −0.028%

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 Paradex live order book, 4 min ago	0.52 bp	2.5 bp −$3	2.5 bp −$25	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	0.08 bp	6.1 bp −$6	6.6 bp −$66	7.2 bp −$721	8.3 bp −$4,173

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	$26.3M	6.7x	as long as short
Arcus BTC-USD	−0.0299%	1h	$6.7M	$85.1M	40x	as long as short
BloFin BTC-USDTshort	−0.0092%	8h	$422.6M	$567.5M	150x
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	$310K	$2.4M	50x	as long as short
Phemex BTCUSDT	−0.0024%	8h	$147.9M	$421.3M	150x	as long as short
Kraken Futures PF_XBTUSD	−0.0019%	1h	$188.4M	$815.6M	100x	as long as short
Reya BTCRUSDPERP	−0.0017%	1h	$6.7M	$138.3M	40x	as long as short
KuCoin XBTUSDTM	−0.0007%	8h	$805.3M	$618.6M	125x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective BTC/USDC PERP	−0.0006%	1h	$307K	$27.0M	52x	as long as short
dYdX BTC-USD	−0.0002%	1h	$17.2M	$18.1M	50x	as long as short
Bitget BTCUSDT	−0.0001%	8h	$2.96B	$4.67B	150x	as long as short
BingX BTC-USDC	−0.0001%	8h	—	$14.6M	—	as long as short
Kalshi KXBTCPERP	0.0000%	8h	$12.2M	$648.5M	6.4x	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	+0.0016%	8h	$505.2M	$1.09B	200x	as long as short
OKX BTC-USDT-SWAP	+0.0021%	8h	$2.66B	$11.57B	100x	as long as short
Bybit BTCUSDT	+0.0025%	8h	$5.27B	$8.63B	150x	as long as short
MEXC BTC_USDT	+0.0028%	8h	$5.16B	$5.07B	500x	as long as short
Binance BTCUSDT	+0.0030%	8h	$9.48B	$22.03B	150x	as long as short
RISEx BTC/USDC	+0.0031%	1h	$9.1M	$38.6M	25x	as long as short
Aevo BTC-PERP	+0.0032%	1h	$2.4M	$1.3M	20x	as long as short
ApeX Omni BTCUSDT	+0.0033%	1h	$139.7M	$319.7M	100x	as long as short
Gate BTC_USDT	+0.0034%	8h	$6.06B	$9.57B	200x	as long as short
Aftermath Perps BTCUSD	+0.0035%	1h	$86K	$152K	20x	as long as short
SoDEX BTC-USD	+0.0049%	1h	$60.9M	$284.7M	40x	as long as short
Variational Omni BTC	+0.0068%	8h	$170.5M	$505.8M	—	as long as short
Extended BTC-USD	+0.0080%	1h	$48.5M	$200.0M	50x	as long as short
Popdex BTCUSDT	+0.0080%	1h	$8.5M	$46.4M	100x	as long as short
Lighter BTC	+0.0096%	1h	$172.1M	$942.6M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.5M	$137.1M	50x	as long as short
Paradex BTC-USD-PERPlong	+0.0098%	8h	$4.4M	$6.8M	50x
Katana Perps BTC-USD	+0.0100%	8h	$189K	$5.8M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.1M	$226.9M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.6M	$407.0M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$3.9M	$17.2M	25x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$37.7M	$131.8M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	$280.4M	$881.9M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	$30.7M	$216.3M	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	$236K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.4M	$7.4M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	$144K	$411K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	$30.5M	$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	$842.7M	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
Deribit BTC-PERPETUAL	+0.0178%	1h	$916.2M	$1.10B	50x	as long as short
Hyperliquid BTC	+0.0188%	1h	$3.96B	$4.44B	40x	as long as short
Coinbase International BTC-PERP-INTX	+0.0200%	1h	$129.4M	$5.85B	50x	as long as short