BTC

Alert

Funding spread now, next payment 14:51 UTC+0.0323%/8h

paid, last 24h−0.018%paid, last 7 days−0.403%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl BTC	85,809.9	−0.0223	get 0.0020% / 43m	20m 04s	$478K	$30.6M	6.7x
Short	Bybit BTCUSDT	85,805.4	0.0100	get 0.0100% / 8h	1h 00m	$5.14B	$8.28B	150x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PerplbpFee BybitbpOrdersRate

Funding earned: $67.88
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $43.08
Break-even: 2.6 days

Slippage unknown: Perpl: no order-book sample; Bybit: live order book, 6 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.005%
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 Bybit live order book, 6 min ago	0.01 bp	5.5 bp −$6	5.5 bp −$55	6.3 bp −$635	8.4 bp −$4,194

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	−0.0223%	43m	$478K	$30.6M	6.7x
01 Exchange BTCUSD	−0.0112%	1h	$278K	$2.3M	50x	as long as short
edgeX BTCUSDC	−0.0091%	4h	$282.9M	$839.2M	100x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$3K	50x	as long as short
Aftermath Perps BTCUSD	−0.0079%	1h	$87K	$149K	20x	as long as short
Reya BTCRUSDPERP	−0.0026%	1h	$6.7M	$137.5M	40x	as long as short
Phemex BTCUSDT	−0.0022%	8h	$157.4M	$390.0M	150x	as long as short
BingX BTC-USDC	−0.0009%	8h	—	$14.7M	—	as long as short
Gate BTC_USDT	−0.0008%	8h	$6.10B	$9.15B	200x	as long as short
Bitget BTCUSDT	−0.0008%	8h	$2.94B	$4.54B	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
dYdX BTC-USD	−0.0008%	1h	$16.7M	$16.3M	50x	as long as short
Kalshi KXBTCPERP	0.0000%	8h	$10.0M	$544.1M	6.4x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	$36.8M	—	200x	as long as short
SoDEX BTC-USD	+0.0005%	1h	$61.1M	$259.1M	40x	as long as short
Phoenix BTC	+0.0015%	1h	$1.6M	$10.8M	40x	as long as short
ApeX Omni BTCUSDT	+0.0021%	1h	$139.3M	$317.3M	100x	as long as short
Bluefin BTC-PERP	+0.0027%	1h	$143K	$403K	40x	as long as short
OKX BTC-USDT-SWAP	+0.0035%	8h	$2.60B	$11.27B	100x	as long as short
Aster BTCUSDT	+0.0041%	8h	$488.2M	$1.10B	200x	as long as short
Kraken Futures PF_XBTUSD	+0.0042%	1h	$184.9M	$795.4M	100x	as long as short
HTX BTC-USDT	+0.0050%	8h	$2.29B	$812.2M	200x	as long as short
KuCoin XBTUSDTM	+0.0052%	8h	$788.3M	$608.5M	125x	as long as short
Paradex BTC-USD-PERP	+0.0078%	8h	$4.4M	$6.5M	50x	as long as short
Binance BTCUSDT	+0.0080%	8h	$9.58B	$20.94B	150x	as long as short
Popdex BTCUSDT	+0.0080%	1h	$8.5M	$43.5M	100x	as long as short
Hibachi BTC/USDT-P	+0.0080%	1h	$627K	$7.2M	30x	as long as short
Aevo BTC-PERP	+0.0080%	1h	$2.4M	$1.6M	20x	as long as short
MEXC BTC_USDT	+0.0081%	8h	$5.01B	$4.98B	500x	as long as short
Bullet BTC-USD	+0.0082%	1h	$245K	$3.3M	20x	as long as short
Lighter BTC	+0.0096%	1h	$178.6M	$907.8M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$25.2M	$138.8M	50x	as long as short
Nado BTC-PERP	+0.0097%	1h	$23.4M	$230.2M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$188K	$5.3M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.4M	$331.3M	50x	as long as short
Bybit BTCUSDTshort	+0.0100%	8h	$5.14B	$8.28B	150x
Ondo Perps BTC-USD.P	+0.0100%	1h	$3.9M	$16.1M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	$5.3M	$81.2M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	$540.9M	$69.9M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$39.3M	$103.0M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	$173.9M	$497.6M	—	as long as short
StandX BTC-USD	+0.0100%	1h	$30.7M	$241.0M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	—	$13.3M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	$10.9M	$11.4M	50x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.4M	$7.1M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	$30.0M	$57.4M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$5.6M	100x	as long as short
Extended BTC-USD	+0.0104%	1h	$48.3M	$206.7M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$89.0M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	$149.1M	$6.26B	50x	as long as short
Hyperliquid BTC	+0.0161%	1h	$3.88B	$4.27B	40x	as long as short
RISEx BTC/USDC	+0.0178%	1h	$8.7M	$38.2M	25x	as long as short
Injective BTC/USDC PERP	+0.0180%	1h	$304K	$27.0M	52x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0198% / S −0.0177%	1h	$12.5M	—	200x	as long as short
BloFin BTC-USDT	+0.0201%	8h	$423.9M	$509.3M	150x	as long as short
Deribit BTC-PERPETUAL	+0.0391%	1h	$873.9M	$1.01B	50x	as long as short