BTC

Alert

Funding spread now, next payment 16:00 UTC−0.0055%/8h

paid, last 24h−0.008%paid, last 3 days+0.018%to open and close $10k−$19

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex BTCUSDT	85,828	0.0096	pay 0.0012% / 1h	32m 57s	$8.4M	$45.3M	100x
Short	KuCoin XBTUSDTM	85,795.2	0.0041	get 0.0041% / 8h	32m 57s	$788.6M	$615.9M	125x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee PopdexbpFee KuCoinbpOrdersRate

Funding earned: −$11.55
Slippage, 4 orders: −$0.59
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$30.54
Break-even: never at this rate

Slippage from Popdex: live order book, 3 min ago; KuCoin: live order book, 3 min ago.

Price risk

price view

Price gap now: −0.038%
Avg gap 7d: −0.004%

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 Popdex live order book, 3 min ago	0.23 bp	3.4 bp −$3	3.4 bp −$34	3.8 bp −$378	5.2 bp −$2,589
Sell KuCoin live order book, 3 min ago	0.01 bp	6.0 bp −$6	6.2 bp −$62	8.6 bp −$858	doesn't fit

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Perpl BTC	−0.0223%	43m	$447K	$30.0M	6.7x	as long as short
BloFin BTC-USDT	−0.0121%	8h	$429.0M	$542.2M	150x	as long as short
edgeX BTCUSDC	−0.0112%	4h	$278.1M	$871.2M	100x	as long as short
ApeX Omni BTCUSDT	−0.0106%	1h	$139.1M	$318.6M	100x	as long as short
Phoenix BTC	−0.0086%	1h	$1.8M	$10.8M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$3K	50x	as long as short
01 Exchange BTCUSD	−0.0072%	1h	$287K	$2.4M	50x	as long as short
Aftermath Perps BTCUSD	−0.0048%	1h	$86K	$155K	20x	as long as short
Reya BTCRUSDPERP	−0.0022%	1h	$6.7M	$137.7M	40x	as long as short
Gate BTC_USDT	−0.0016%	8h	$6.13B	$9.38B	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
SoDEX BTC-USD	−0.0015%	1h	$60.8M	$283.5M	40x	as long as short
Phemex BTCUSDT	−0.0013%	8h	$157.1M	$401.5M	150x	as long as short
Bitget BTCUSDT	−0.0005%	8h	$2.95B	$4.66B	150x	as long as short
BingX BTC-USDC	−0.0005%	8h	—	$14.8M	—	as long as short
dYdX BTC-USD	0.0000%	1h	$17.3M	$17.4M	50x	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	+0.0031%	8h	$2.63B	$11.56B	100x	as long as short
Aster BTCUSDT	+0.0040%	8h	$486.3M	$1.12B	200x	as long as short
KuCoin XBTUSDTMshort	+0.0041%	8h	$788.6M	$615.9M	125x
HTX BTC-USDT	+0.0062%	8h	$2.29B	$844.9M	200x	as long as short
Aevo BTC-PERP	+0.0064%	1h	$2.4M	$1.6M	20x	as long as short
Binance BTCUSDT	+0.0069%	8h	$9.52B	$21.62B	150x	as long as short
MEXC BTC_USDT	+0.0070%	8h	$5.06B	$5.08B	500x	as long as short
Kraken Futures PF_XBTUSD	+0.0071%	1h	$185.3M	$814.9M	100x	as long as short
Paradex BTC-USD-PERP	+0.0086%	8h	$4.4M	$6.6M	50x	as long as short
Lighter BTC	+0.0096%	1h	$172.0M	$924.3M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.9M	$137.7M	50x	as long as short
Popdex BTCUSDTlong	+0.0096%	1h	$8.4M	$45.3M	100x
Katana Perps BTC-USD	+0.0100%	8h	$192K	$5.4M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.9M	$230.0M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.5M	$344.9M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	$5.15B	$8.48B	150x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$4.0M	$16.3M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	$5.7M	$82.8M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	$548.9M	$98.1M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$39.0M	$106.2M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	$170.5M	$507.8M	—	as long as short
StandX BTC-USD	+0.0100%	1h	$30.6M	$234.3M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	—	$12.4M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	$10.9M	$11.7M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	$244K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.4M	$7.2M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	$144K	$406K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	$30.1M	$59.1M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$6.0M	100x	as long as short
Extended BTC-USD	+0.0104%	1h	$48.7M	$209.5M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$89.1M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	$150.8M	$6.24B	50x	as long as short
Kalshi KXBTCPERP	+0.0106%	8h	$11.7M	$567.6M	6.4x	as long as short
Injective BTC/USDC PERP	+0.0108%	1h	$305K	$27.0M	52x	as long as short
RISEx BTC/USDC	+0.0128%	1h	$8.3M	$38.8M	25x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0198% / S −0.0176%	1h	$12.5M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0200%	1h	$633K	$7.3M	30x	as long as short
Hyperliquid BTC	+0.0229%	1h	$3.91B	$4.36B	40x	as long as short
Deribit BTC-PERPETUAL	+0.0253%	1h	$895.3M	$1.07B	50x	as long as short