BTC

Alert

Funding spread now, next payment 17:44 UTC+0.0466%/8h

paid, last 24h+0.002%paid, last 7 days−0.376%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl BTC	85,976.5	−0.0447	get 0.0040% / 43m	40m 30s	$403K	$26.3M	6.7x
Short	Aster BTCUSDT	85,965.7	0.0019	get 0.0019% / 8h	5h 45m	$505.3M	$1.09B	200x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PerplbpFee AsterbpOrdersRate

Funding earned: $97.78
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee Aster: 4 bp × 2 orders: −$8
Net: $75.98
Break-even: 1.6 days

Slippage unknown: Perpl: no order-book sample; Aster: live order book, 5 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.013%
Avg gap 7d: −0.018%

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 Perpl no order-book sample	—	—	—	—	—
Sell Aster live order book, 5 min ago	0.01 bp	4.0 bp −$4	4.0 bp −$40	4.2 bp −$417	5.9 bp −$2,966

Perpl: 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 BTClong	−0.0447%	43m	$403K	$26.3M	6.7x
Arcus BTC-USD	−0.0299%	1h	$6.7M	$85.4M	40x	as long as short
BloFin BTC-USDT	−0.0088%	8h	$421.8M	$567.7M	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	−0.0048%	1h	$311K	$2.4M	50x	as long as short
Kraken Futures PF_XBTUSD	−0.0019%	1h	$188.2M	$816.7M	100x	as long as short
Reya BTCRUSDPERP	−0.0017%	1h	$6.8M	$138.3M	40x	as long as short
Phemex BTCUSDT	−0.0011%	8h	$149.3M	$422.7M	150x	as long as short
KuCoin XBTUSDTM	−0.0007%	8h	$805.7M	$619.2M	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	−0.0001%	1h	$17.2M	$18.1M	50x	as long as short
Kalshi KXBTCPERP	0.0000%	8h	$12.2M	$650.6M	6.4x	as long as short
Bitget BTCUSDT	+0.0001%	8h	$2.96B	$4.68B	150x	as long as short
BingX BTC-USDT	+0.0001%	8h	—	$1.37B	—	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 BTCUSDTshort	+0.0019%	8h	$505.3M	$1.09B	200x
OKX BTC-USDT-SWAP	+0.0024%	8h	$2.67B	$11.58B	100x	as long as short
Bybit BTCUSDT	+0.0029%	8h	$5.28B	$8.64B	150x	as long as short
SoDEX BTC-USD	+0.0031%	1h	$60.9M	$284.7M	40x	as long as short
MEXC BTC_USDT	+0.0031%	8h	$5.17B	$5.09B	500x	as long as short
RISEx BTC/USDC	+0.0031%	1h	$9.0M	$38.6M	25x	as long as short
Aevo BTC-PERP	+0.0032%	1h	$2.4M	$1.3M	20x	as long as short
Binance BTCUSDT	+0.0032%	8h	$9.48B	$22.04B	150x	as long as short
Gate BTC_USDT	+0.0033%	8h	$6.06B	$9.59B	200x	as long as short
Aftermath Perps BTCUSD	+0.0033%	1h	$87K	$152K	20x	as long as short
Popdex BTCUSDT	+0.0072%	1h	$8.5M	$46.2M	100x	as long as short
Variational Omni BTC	+0.0075%	8h	$170.5M	$505.3M	—	as long as short
Extended BTC-USD	+0.0088%	1h	$48.5M	$199.0M	50x	as long as short
ApeX Omni BTCUSDT	+0.0094%	1h	$140.0M	$319.9M	100x	as long as short
Lighter BTC	+0.0096%	1h	$172.2M	$944.4M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.5M	$137.4M	50x	as long as short
HTX BTC-USDT	+0.0097%	8h	$2.29B	$845.1M	200x	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	$226.7M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.8M	$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	$37.6M	$133.0M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	$280.6M	$884.5M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	$30.7M	$215.4M	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	$233K	$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	$30.4M	$58.8M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.4M	$5.8M	100x	as long as short
Hibachi BTC/USDT-P	+0.0104%	1h	$753K	$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	+0.0175%	1h	$915.6M	$1.10B	50x	as long as short
Hyperliquid BTC	+0.0196%	1h	$3.97B	$4.46B	40x	as long as short
Coinbase International BTC-PERP-INTX	+0.0200%	1h	$129.2M	$5.85B	50x	as long as short