BTC

Alert

Funding spread now, next payment 15:00 UTC−0.0119%/8h

next payment, per $10,000−$0.15paid, last 24h+0.001%paid, last 3 days+0.004%to open and close $10k−$14

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BTC/USDC	85,724.5	0.0178	pay 0.0022% / 1h	35m 25s	$8.6M	$36.8M	25x
Short	Nado BTC-PERP	85,701.3	0.0059	get 0.0007% / 1h	35m 25s	$24.2M	$223.0M	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee RISExbpFee NadobpOrdersRate

Funding earned: −$24.93
Slippage, 4 orders: −$0.65
Fee RISEx: 3 bp × 2 orders: −$6
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$38.58
Break-even: never at this rate

Slippage from RISEx: live order book, 5 min ago; Nado: live order book, 5 min ago.

Price risk

price view

Price gap now: −0.027%
Avg gap 7d: −0.002%

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	3.0 bp −$3	3.0 bp −$30	11.7 bp −$1,172	doesn't fit
Sell Nado live order book, 5 min ago	0.06 bp	3.6 bp −$4	3.6 bp −$36	4.2 bp −$424	10.1 bp −$5,061

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bluefin BTC-PERP	−0.0765%	1h	$142K	$400K	40x	as long as short
Perpl BTC	−0.0447%	43m	$395K	$31.1M	6.7x	as long as short
edgeX BTCUSDC	−0.0113%	4h	$284.2M	$803.0M	100x	as long as short
ApeX Omni BTCUSDT	−0.0103%	1h	$138.3M	$316.8M	100x	as long as short
01 Exchange BTCUSD	−0.0096%	1h	$280K	$2.3M	50x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$8K	$3K	50x	as long as short
Aftermath Perps BTCUSD	−0.0069%	1h	$85K	$142K	20x	as long as short
Reya BTCRUSDPERP	−0.0032%	1h	$6.8M	$137.3M	40x	as long as short
Gate BTC_USDT	−0.0016%	8h	$6.08B	$8.60B	200x	as long as short
Phemex BTCUSDT	−0.0011%	8h	$158.4M	$375.8M	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BingX BTC-USDC	−0.0010%	8h	—	$14.5M	—	as long as short
Bitget BTCUSDT	−0.0009%	8h	$2.97B	$4.31B	150x	as long as short
dYdX BTC-USD	0.0000%	1h	$16.7M	$14.7M	50x	as long as short
Kalshi KXBTCPERP	0.0000%	8h	$8.8M	$506.2M	6.4x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	$36.6M	—	200x	as long as short
Phoenix BTC	+0.0015%	1h	$1.6M	$10.8M	40x	as long as short
SoDEX BTC-USD	+0.0030%	1h	$61.4M	$234.6M	40x	as long as short
HTX BTC-USDT	+0.0037%	8h	$2.29B	$783.0M	200x	as long as short
Aster BTCUSDT	+0.0041%	8h	$489.8M	$1.03B	200x	as long as short
Kraken Futures PF_XBTUSD	+0.0042%	1h	$186.9M	$756.8M	100x	as long as short
OKX BTC-USDT-SWAP	+0.0052%	8h	$2.57B	$10.78B	100x	as long as short
Nado BTC-PERPshort	+0.0059%	1h	$24.2M	$223.0M	50x
KuCoin XBTUSDTM	+0.0064%	8h	$805.9M	$579.4M	125x	as long as short
Bullet BTC-USD	+0.0073%	1h	$247K	$3.3M	20x	as long as short
Paradex BTC-USD-PERP	+0.0082%	8h	$4.3M	$6.5M	50x	as long as short
Aevo BTC-PERP	+0.0088%	1h	$2.4M	$1.7M	20x	as long as short
MEXC BTC_USDT	+0.0090%	8h	$4.96B	$4.70B	500x	as long as short
Binance BTCUSDT	+0.0091%	8h	$9.59B	$19.79B	150x	as long as short
Lighter BTC	+0.0096%	1h	$179.6M	$864.6M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$25.5M	$132.6M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	$8.4M	$41.0M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$197K	$5.0M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.6M	$317.3M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	$5.09B	$7.90B	150x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$3.9M	$15.6M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	$6.1M	$77.7M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$39.4M	$100.6M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	$173.7M	$466.2M	—	as long as short
StandX BTC-USD	+0.0100%	1h	$30.6M	$245.4M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	—	$13.1M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	$10.8M	$10.6M	50x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.4M	$6.8M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	$28.5M	$55.9M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$5.4M	100x	as long as short
Bulk BTC-USD	+0.0100%	1h	$535.4M	$59.7M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	$47.4M	$201.6M	50x	as long as short
Hibachi BTC/USDT-P	+0.0104%	1h	$603K	$7.3M	30x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$86.4M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	$143.4M	$6.16B	50x	as long as short
Hyperliquid BTC	+0.0133%	1h	$3.86B	$4.10B	40x	as long as short
RISEx BTC/USDClong	+0.0178%	1h	$8.6M	$36.8M	25x
Injective BTC/USDC PERP	+0.0180%	1h	$306K	$27.0M	52x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0198% / S −0.0201%	1h	$13.2M	—	200x	as long as short
BloFin BTC-USDT	+0.0210%	8h	$421.5M	$484.4M	150x	as long as short
Deribit BTC-PERPETUAL	+0.0393%	1h	$851.0M	$943.4M	50x	as long as short