BTC

Alert

Funding spread now, next payment 16:00 UTC+0.0187%/8h

next payment, per $10,000+$0.23paid, last 24h+0.021%paid, last 3 days+0.068%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX BTC-USD	85,868	−0.0011	get 0.0001% / 1h	35m 24s	$60.9M	$283.5M	40x
Short	GMX BTC/USD [WBTC.b-USDC]	85,903.4	L +0.0198% / S −0.0176%	get 0.0022% / 1h	35m 24s	$12.5M	—	200x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee SoDEXbpFee GMXbpOrdersRate

Funding earned: $39.27
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $19.27
Break-even: 3.6 days

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

Price risk

price view

Price gap now: +0.041%
Avg gap 7d: +0.046%

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 SoDEX live order book, 5 min ago	0.06 bp	4.1 bp −$4	4.1 bp −$41	5.0 bp −$498	38.9 bp −$19.4K
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
Perpl BTC	−0.0223%	43m	$449K	$30.1M	6.7x	as long as short
BloFin BTC-USDT	−0.0127%	8h	$428.8M	$537.3M	150x	as long as short
edgeX BTCUSDC	−0.0101%	4h	$278.4M	$869.0M	100x	as long as short
ApeX Omni BTCUSDT	−0.0100%	1h	$139.2M	$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	−0.0054%	1h	$87K	$155K	20x	as long as short
Reya BTCRUSDPERP	−0.0023%	1h	$6.7M	$137.7M	40x	as long as short
Phemex BTCUSDT	−0.0015%	8h	$158.1M	$400.6M	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate BTC_USDT	−0.0015%	8h	$6.13B	$9.34B	200x	as long as short
SoDEX BTC-USDlong	−0.0011%	1h	$60.9M	$283.5M	40x
Bitget BTCUSDT	−0.0005%	8h	$2.96B	$4.65B	150x	as long as short
BingX BTC-USDC	−0.0005%	8h	—	$14.8M	—	as long as short
dYdX BTC-USD	0.0000%	1h	$16.8M	$16.6M	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	+0.0032%	8h	$2.63B	$11.55B	100x	as long as short
Aster BTCUSDT	+0.0042%	8h	$486.8M	$1.11B	200x	as long as short
KuCoin XBTUSDTM	+0.0042%	8h	$789.2M	$615.5M	125x	as long as short
HTX BTC-USDT	+0.0061%	8h	$2.29B	$843.4M	200x	as long as short
Binance BTCUSDT	+0.0070%	8h	$9.54B	$21.58B	150x	as long as short
Kraken Futures PF_XBTUSD	+0.0071%	1h	$186.0M	$812.3M	100x	as long as short
MEXC BTC_USDT	+0.0071%	8h	$5.07B	$5.05B	500x	as long as short
Aevo BTC-PERP	+0.0072%	1h	$2.4M	$1.6M	20x	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	$172.3M	$922.7M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.9M	$137.6M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	$8.4M	$45.1M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$194K	$5.4M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.9M	$230.2M	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	$8.46B	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	$5.8M	$82.5M	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	$39.2M	$105.4M	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	$235.1M	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	$11.6M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	$245K	$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	—	$89.0M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	$150.3M	$6.24B	50x	as long as short
Kalshi KXBTCPERP	+0.0108%	8h	$11.6M	$565.1M	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]short	L +0.0198% / S −0.0176%	1h	$12.5M	—	200x
Hibachi BTC/USDT-P	+0.0200%	1h	$633K	$7.3M	30x	as long as short
Deribit BTC-PERPETUAL	+0.0227%	1h	$892.6M	$1.06B	50x	as long as short
Hyperliquid BTC	+0.0235%	1h	$3.90B	$4.35B	40x	as long as short