BTC

Alert

Funding spread now, next payment 18:00 UTC+0.0113%/8h

next payment, per $10,000+$0.14paid, last 24h+0.008%paid, last 3 days+0.050%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BTC/USDC	85,945.8	0.0040	pay 0.0005% / 1h	45m 26s	$9.2M	$38.6M	25x
Short	GMX BTC/USD [WBTC.b-USDC]	86,005.3	L +0.0172% / S −0.0153%	get 0.0019% / 1h	45m 26s	$12.7M	—	200x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee RISExbpFee GMXbpOrdersRate

Funding earned: $23.7
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee GMX: 6 bp × 2 orders: −$12
Net: $5.7
Break-even: 5.3 days

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

Price risk

price view

Price gap now: +0.069%
Avg gap 7d: +0.023%

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 RISEx live order book, 5 min ago	0.01 bp	3.1 bp −$3	3.1 bp −$31	10.5 bp −$1,049	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
Bluefin BTC-PERP	−0.2212%	1h	$143K	$411K	40x	as long as short
Arcus BTC-USD	−0.0377%	1h	$6.6M	$84.8M	40x	as long as short
Perpl BTC	−0.0223%	43m	$402K	$27.1M	6.7x	as long as short
Phoenix BTC	−0.0096%	1h	$1.9M	$11.0M	40x	as long as short
BloFin BTC-USDT	−0.0089%	8h	$424.7M	$565.9M	150x	as long as short
Phemex BTCUSDT	−0.0088%	8h	$148.1M	$413.4M	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	$189.3M	$812.6M	100x	as long as short
01 Exchange BTCUSD	−0.0048%	1h	$294K	$2.4M	50x	as long as short
dYdX BTC-USD	−0.0046%	1h	$17.3M	$17.9M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
SoDEX BTC-USD	−0.0032%	1h	$60.9M	$283.9M	40x	as long as short
Extended BTC-USD	−0.0024%	1h	$48.7M	$199.2M	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	$6.7M	$138.1M	40x	as long as short
Bulk BTC-USD	−0.0012%	1h	$560.3M	$139.6M	40x	as long as short
Bitget BTCUSDT	−0.0005%	8h	$2.96B	$4.68B	150x	as long as short
BingX BTC-USDT	−0.0005%	8h	—	$1.37B	—	as long as short
KuCoin XBTUSDTM	+0.0003%	8h	$791.9M	$612.2M	125x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	$36.8M	—	200x	as long as short
Bybit BTCUSDT	+0.0009%	8h	$5.24B	$8.56B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0012%	8h	$2.67B	$11.53B	100x	as long as short
Aster BTCUSDT	+0.0021%	8h	$504.7M	$1.11B	200x	as long as short
Gate BTC_USDT	+0.0024%	8h	$6.07B	$9.48B	200x	as long as short
MEXC BTC_USDT	+0.0030%	8h	$5.19B	$5.09B	500x	as long as short
Binance BTCUSDT	+0.0030%	8h	$9.50B	$21.98B	150x	as long as short
Popdex BTCUSDT	+0.0032%	1h	$8.5M	$46.4M	100x	as long as short
Aevo BTC-PERP	+0.0032%	1h	$2.4M	$1.3M	20x	as long as short
RISEx BTC/USDClong	+0.0040%	1h	$9.2M	$38.6M	25x
ApeX Omni BTCUSDT	+0.0045%	1h	$139.6M	$318.8M	100x	as long as short
StandX BTC-USD	+0.0072%	1h	$30.6M	$226.9M	40x	as long as short
Bullet BTC-USD	+0.0077%	1h	$230K	$3.3M	20x	as long as short
Variational Omni BTC	+0.0077%	8h	$171.5M	$508.1M	—	as long as short
Derive BTC-PERP	+0.0081%	1h	$30.4M	$59.8M	15x	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	$933.9M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.6M	$135.0M	50x	as long as short
Aftermath Perps BTCUSD	+0.0099%	1h	$87K	$150K	20x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$214K	$5.6M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.5M	$226.8M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.7M	$391.3M	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	$37.4M	$124.1M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	$279.2M	$886.3M	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	$11.0M	$11.6M	50x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.3M	$7.3M	100x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$5.7M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	$2.29B	$834.8M	200x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$85.2M	500x	as long as short
Kalshi KXBTCPERP	+0.0107%	8h	$13.4M	$624.6M	6.4x	as long as short
Hibachi BTC/USDT-P	+0.0112%	1h	$765K	$7.4M	30x	as long as short
Deribit BTC-PERPETUAL	+0.0132%	1h	$913.3M	$1.11B	50x	as long as short
Hyperliquid BTC	+0.0139%	1h	$3.89B	$4.38B	40x	as long as short
GMX BTC/USD [WBTC.b-USDC]short	L +0.0172% / S −0.0153%	1h	$12.7M	—	200x
Coinbase International BTC-PERP-INTX	+0.0184%	1h	$128.0M	$5.97B	50x	as long as short