BTC

Alert

Funding spread now, next payment 19:00 UTC0.0000%/8h

paid, last 24h+0.007%paid, last 7 days−0.050%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BTC-USDT	85,881.1	0.0100	pay 0.0100% / 8h	5h 34m	$3.4M	$5.8M	100x
Short	Derive BTC-PERP	85,901.3	0.0100	get 0.0013% / 1h	34m 09s	$30.4M	$58.9M	15x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee SunXbpFee DerivebpOrdersRate

Funding earned: $0
Slippage, 4 orders: no order book: not counted
Fee SunX: 5 bp × 2 orders: −$10
Fee Derive: 3 bp × 2 orders: −$6
Net: −$16
Break-even: never at this rate

Slippage unknown: SunX: live order book, 11 min ago; Derive: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.024%
Avg gap 7d: +0.008%

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 SunX live order book, 11 min ago	0.80 bp	6.5 bp −$7	6.8 bp −$68	8.5 bp −$849	10.9 bp −$5,460
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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	−0.0447%	43m	$402K	$26.1M	6.7x	as long as short
Arcus BTC-USD	−0.0299%	1h	$6.7M	$86.1M	40x	as long as short
BloFin BTC-USDT	−0.0088%	8h	$422.3M	$568.1M	150x	as long as short
Phoenix BTC	−0.0082%	1h	$1.9M	$11.0M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$4K	50x	as long as short
01 Exchange BTCUSD	−0.0048%	1h	$311K	$2.4M	50x	as long as short
Kraken Futures PF_XBTUSD	−0.0019%	1h	$188.9M	$818.0M	100x	as long as short
Reya BTCRUSDPERP	−0.0017%	1h	$6.7M	$138.4M	40x	as long as short
KuCoin XBTUSDTM	−0.0007%	8h	$805.8M	$619.6M	125x	as long as short
Injective BTC/USDC PERP	−0.0006%	1h	$309K	$27.0M	52x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
SoDEX BTC-USD	−0.0004%	1h	$60.9M	$285.2M	40x	as long as short
dYdX BTC-USD	−0.0001%	1h	$17.2M	$18.1M	50x	as long as short
Kalshi KXBTCPERP	0.0000%	8h	$11.7M	$654.6M	6.4x	as long as short
BingX BTC-USDC	+0.0001%	8h	—	$14.4M	—	as long as short
Bitget BTCUSDT	+0.0002%	8h	$2.96B	$4.68B	150x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	$36.8M	—	200x	as long as short
Bulk BTC-USD	+0.0008%	1h	$563.6M	$127.9M	40x	as long as short
Aftermath Perps BTCUSD	+0.0010%	1h	$87K	$155K	20x	as long as short
Aster BTCUSDT	+0.0018%	8h	$505.1M	$1.10B	200x	as long as short
Phemex BTCUSDT	+0.0025%	8h	$151.0M	$423.8M	150x	as long as short
OKX BTC-USDT-SWAP	+0.0028%	8h	$2.67B	$11.59B	100x	as long as short
MEXC BTC_USDT	+0.0031%	8h	$5.16B	$5.12B	500x	as long as short
RISEx BTC/USDC	+0.0031%	1h	$9.1M	$38.8M	25x	as long as short
Binance BTCUSDT	+0.0032%	8h	$9.48B	$22.10B	150x	as long as short
Aevo BTC-PERP	+0.0032%	1h	$2.4M	$1.3M	20x	as long as short
Gate BTC_USDT	+0.0033%	8h	$6.06B	$9.62B	200x	as long as short
Bybit BTCUSDT	+0.0034%	8h	$5.28B	$8.67B	150x	as long as short
ApeX Omni BTCUSDT	+0.0051%	1h	$140.3M	$320.2M	100x	as long as short
Popdex BTCUSDT	+0.0056%	1h	$8.5M	$46.2M	100x	as long as short
HTX BTC-USDT	+0.0066%	8h	$2.29B	$847.8M	200x	as long as short
Variational Omni BTC	+0.0075%	8h	$171.2M	$505.6M	—	as long as short
Extended BTC-USD	+0.0088%	1h	$48.4M	$200.2M	50x	as long as short
Lighter BTC	+0.0096%	1h	$172.1M	$949.0M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.4M	$138.0M	50x	as long as short
Hibachi BTC/USDT-P	+0.0096%	1h	$753K	$6.5M	30x	as long as short
Orderly PERP_BTC_USDC	+0.0098%	8h	$2.4M	$7.4M	100x	as long as short
Paradex BTC-USD-PERP	+0.0099%	8h	$4.4M	$6.9M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$192K	$5.9M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.0M	$226.8M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.8M	$416.1M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$4.0M	$17.4M	25x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$37.6M	$135.4M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	$281.1M	$883.1M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	$30.7M	$214.9M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	—	$11.5M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	$11.0M	$12.2M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	$233K	$3.3M	20x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	$143K	$411K	40x	as long as short
Derive BTC-PERPshort	+0.0100%	1h	$30.4M	$58.9M	15x
SunX BTC-USDTlong	+0.0100%	8h	$3.4M	$5.8M	100x
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$83.9M	500x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0172% / S −0.0153%	1h	$12.7M	—	200x	as long as short
Hyperliquid BTC	+0.0183%	1h	$3.96B	$4.49B	40x	as long as short
Coinbase International BTC-PERP-INTX	+0.0200%	1h	$129.5M	$5.84B	50x	as long as short
Deribit BTC-PERPETUAL	+0.0205%	1h	$915.8M	$1.11B	50x	as long as short