BTC

Alert

Funding spread now, next payment 00:00 UTC+0.0128%/8h

next payment, per $10,000+$1.28paid, last 24h+0.009%paid, last 7 days+0.043%to open and close $10k−$16

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex BTCUSDT	86,018.6	−0.0096	get 0.0096% / 8h	6h 50m	$148.0M	$414.0M	150x
Short	MEXC BTC_USDT	86,007.8	0.0032	get 0.0032% / 8h	6h 50m	$5.19B	$5.08B	500x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee MEXCbpOrdersRate

Funding earned: $26.9
Slippage, 4 orders: −$0.02
Fee Phemex: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: $10.88
Break-even: 4.2 days

Slippage from Phemex: live order book, 6 min ago; MEXC: live order book, 6 min ago.

Price risk

price view

Price gap now: −0.013%
Avg gap 7d: −0.001%

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 Phemex live order book, 6 min ago	0.01 bp	6.0 bp −$6	6.0 bp −$60	7.3 bp −$727	doesn't fit
Sell MEXC live order book, 6 min ago	0.01 bp	2.0 bp −$2	2.0 bp −$20	2.3 bp −$226	2.6 bp −$1,302

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bluefin BTC-PERP	−0.3606%	1h	$143K	$411K	40x	as long as short
Arcus BTC-USD	−0.0377%	1h	$6.6M	$84.7M	40x	as long as short
Perpl BTC	−0.0223%	43m	$406K	$27.2M	6.7x	as long as short
Phemex BTCUSDTlong	−0.0096%	8h	$148.0M	$414.0M	150x
Phoenix BTC	−0.0096%	1h	$1.9M	$11.0M	40x	as long as short
BloFin BTC-USDT	−0.0088%	8h	$423.5M	$565.4M	150x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$4K	50x	as long as short
Kraken Futures PF_XBTUSD	−0.0073%	1h	$189.4M	$812.4M	100x	as long as short
01 Exchange BTCUSD	−0.0056%	1h	$294K	$2.4M	50x	as long as short
dYdX BTC-USD	−0.0054%	1h	$17.3M	$17.9M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Extended BTC-USD	−0.0032%	1h	$48.7M	$199.1M	50x	as long as short
Injective BTC/USDC PERP	−0.0019%	1h	$308K	$27.0M	52x	as long as short
Reya BTCRUSDPERP	−0.0018%	1h	$6.8M	$138.1M	40x	as long as short
SoDEX BTC-USD	−0.0013%	1h	$60.9M	$284.0M	40x	as long as short
Bulk BTC-USD	−0.0012%	1h	$560.3M	$139.6M	40x	as long as short
Bitget BTCUSDT	−0.0004%	8h	$2.96B	$4.69B	150x	as long as short
BingX BTC-USDC	−0.0004%	8h	—	$14.7M	—	as long as short
Deribit BTC-PERPETUAL	0.0000%	1h	$913.2M	$1.11B	50x	as long as short
KuCoin XBTUSDTM	+0.0004%	8h	$793.9M	$610.8M	125x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	$36.8M	—	200x	as long as short
OKX BTC-USDT-SWAP	+0.0012%	8h	$2.67B	$11.54B	100x	as long as short
Bybit BTCUSDT	+0.0021%	8h	$5.24B	$8.57B	150x	as long as short
Aster BTCUSDT	+0.0023%	8h	$505.4M	$1.11B	200x	as long as short
MEXC BTC_USDTshort	+0.0032%	8h	$5.19B	$5.08B	500x
Aevo BTC-PERP	+0.0032%	1h	$2.4M	$1.3M	20x	as long as short
Binance BTCUSDT	+0.0032%	8h	$9.51B	$21.95B	150x	as long as short
RISEx BTC/USDC	+0.0040%	1h	$9.2M	$38.7M	25x	as long as short
Gate BTC_USDT	+0.0041%	8h	$6.07B	$9.45B	200x	as long as short
ApeX Omni BTCUSDT	+0.0047%	1h	$139.5M	$318.7M	100x	as long as short
Popdex BTCUSDT	+0.0048%	1h	$8.5M	$46.4M	100x	as long as short
Derive BTC-PERP	+0.0069%	1h	$30.4M	$59.9M	15x	as long as short
Variational Omni BTC	+0.0078%	8h	$171.2M	$507.9M	—	as long as short
StandX BTC-USD	+0.0083%	1h	$30.6M	$227.1M	40x	as long as short
Bullet BTC-USD	+0.0090%	1h	$230K	$3.3M	20x	as long as short
Paradex BTC-USD-PERP	+0.0094%	8h	$4.4M	$6.8M	50x	as long as short
Lighter BTC	+0.0096%	1h	$172.2M	$932.6M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.7M	$134.8M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$213K	$5.6M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.3M	$227.2M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$37.0M	$385.2M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$4.0M	$16.6M	25x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$37.5M	$123.8M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	$278.9M	$884.3M	100x	as long as short
Vest BTC-PERP	+0.0100%	1h	—	$11.7M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	$11.1M	$11.6M	50x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.4M	$7.3M	100x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$5.8M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	$2.29B	$838.5M	200x	as long as short
Hibachi BTC/USDT-P	+0.0104%	1h	$753K	$7.4M	30x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$85.4M	500x	as long as short
Aftermath Perps BTCUSD	+0.0105%	1h	$87K	$150K	20x	as long as short
Kalshi KXBTCPERP	+0.0106%	8h	$14.1M	$621.6M	6.4x	as long as short
Hyperliquid BTC	+0.0146%	1h	$3.90B	$4.37B	40x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0172% / S −0.0153%	1h	$12.7M	—	200x	as long as short
Coinbase International BTC-PERP-INTX	+0.0184%	1h	$128.1M	$5.99B	50x	as long as short