BTC

Alert

Funding spread now, next payment 15:00 UTC−0.0004%/8h

paid, last 24h−0.001%paid, last 7 days+0.021%to open and close $10k−$12

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BTC-USDT	85,303.5	0.0100	pay 0.0100% / 8h	1h 44m	$3.3M	$5.3M	100x
Short	Lighter BTC	85,290.7	0.0096	get 0.0012% / 1h	44m 58s	$181.8M	$849.3M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee SunXbpFee LighterbpOrdersRate

Funding earned: −$0.84
Slippage, 4 orders: −$1.59
Fee SunX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$12.43
Break-even: never at this rate

Slippage from SunX: live order book, 10 min ago; Lighter: live order book, 6 min ago.

Price risk

price view

Price gap now: −0.015%
Avg gap 7d: +0.027%

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, 10 min ago	0.36 bp	5.5 bp −$6	7.3 bp −$73	10.3 bp −$1,035	19.0 bp −$9,491
Sell Lighter live order book, 6 min ago	0.01 bp	0.6 bp −$1	0.7 bp −$7	3.0 bp −$302	6.8 bp −$3,392

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bluefin BTC-PERP	−0.1718%	1h	$142K	$400K	40x	as long as short
Perpl BTC	−0.0447%	43m	$430K	$31.4M	6.7x	as long as short
edgeX BTCUSDC	−0.0109%	4h	$282.7M	$795.0M	100x	as long as short
ApeX Omni BTCUSDT	−0.0092%	1h	$137.6M	$316.2M	100x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$8K	$3K	50x	as long as short
Aftermath Perps BTCUSD	−0.0050%	1h	$83K	$140K	20x	as long as short
01 Exchange BTCUSD	−0.0048%	1h	$279K	$2.3M	50x	as long as short
Reya BTCRUSDPERP	−0.0034%	1h	$6.8M	$137.1M	40x	as long as short
Gate BTC_USDT	−0.0019%	8h	$6.01B	$8.48B	200x	as long as short
BingX BTC-USDC	−0.0011%	8h	—	$14.4M	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget BTCUSDT	−0.0010%	8h	$2.95B	$4.27B	150x	as long as short
Phemex BTCUSDT	−0.0009%	8h	$157.5M	$373.5M	150x	as long as short
Derive BTC-PERP	−0.0002%	1h	$28.0M	$54.4M	15x	as long as short
dYdX BTC-USD	0.0000%	1h	$16.1M	$13.8M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	$36.5M	—	200x	as long as short
Phoenix BTC	+0.0015%	1h	$1.6M	$10.8M	40x	as long as short
HTX BTC-USDT	+0.0030%	8h	$2.28B	$779.1M	200x	as long as short
Aster BTCUSDT	+0.0038%	8h	$491.0M	$1.00B	200x	as long as short
Kraken Futures PF_XBTUSD	+0.0042%	1h	$186.7M	$748.1M	100x	as long as short
SoDEX BTC-USD	+0.0055%	1h	$61.1M	$234.5M	40x	as long as short
OKX BTC-USDT-SWAP	+0.0055%	8h	$2.56B	$10.65B	100x	as long as short
KuCoin XBTUSDTM	+0.0066%	8h	$801.8M	$576.0M	125x	as long as short
Paradex BTC-USD-PERP	+0.0083%	8h	$4.3M	$6.5M	50x	as long as short
MEXC BTC_USDT	+0.0094%	8h	$4.91B	$4.64B	500x	as long as short
Binance BTCUSDT	+0.0094%	8h	$9.51B	$19.50B	150x	as long as short
Lighter BTCshort	+0.0096%	1h	$181.8M	$849.3M	50x
Lighter RH BTC	+0.0096%	1h	$25.4M	$131.6M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	$8.4M	$40.5M	100x	as long as short
Aevo BTC-PERP	+0.0096%	1h	$2.4M	$1.7M	20x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$205K	$4.9M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.6M	$221.4M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.7M	$312.3M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	$5.04B	$7.80B	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	$77.3M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	$533.0M	$59.2M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$39.2M	$101.1M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	$172.0M	$467.0M	—	as long as short
StandX BTC-USD	+0.0100%	1h	$30.5M	$246.8M	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	$10.5M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	$248K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.4M	$6.7M	100x	as long as short
SunX BTC-USDTlong	+0.0100%	8h	$3.3M	$5.3M	100x
Kalshi KXBTCPERP	+0.0100%	8h	$8.7M	$498.4M	6.4x	as long as short
Extended BTC-USD	+0.0104%	1h	$47.3M	$200.1M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$85.5M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	$142.7M	$6.11B	50x	as long as short
Hyperliquid BTC	+0.0119%	1h	$3.84B	$4.09B	40x	as long as short
RISEx BTC/USDC	+0.0178%	1h	$8.7M	$36.7M	25x	as long as short
Injective BTC/USDC PERP	+0.0180%	1h	$306K	$27.0M	52x	as long as short
Hibachi BTC/USDT-P	+0.0184%	1h	$595K	$7.5M	30x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0197% / S −0.0209%	1h	$13.1M	—	200x	as long as short
BloFin BTC-USDT	+0.0214%	8h	$420.8M	$480.1M	150x	as long as short
Deribit BTC-PERPETUAL	+0.0289%	1h	$849.2M	$921.8M	50x	as long as short