BTC

Alert

Funding spread now, next payment 16:00 UTC−0.0036%/8h

next payment, per $10,000−$0.36paid, last 24h−0.008%paid, last 3 days+0.028%to open and closeno order book

Long on Variational Omni Short on KuCoin

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BTC	85,221.9	0.0100	pay 0.0100% / 8h	1h 41m	$172.0M	$467.0M	—
Short	KuCoin XBTUSDTM	85,386.3	0.0064	get 0.0064% / 8h	1h 41m	$802.5M	$577.3M	125x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee KuCoinbpOrdersRate

Funding earned: −$7.56
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$19.56
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; KuCoin: live order book, 4 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.193%
Avg gap 7d: +0.010%

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 Variational Omni RFQ quote, 4 min ago	0.50 bp	doesn't fit	0.5 bp −$5	0.5 bp −$50	doesn't fit
Sell KuCoin live order book, 4 min ago	0.01 bp	6.3 bp −$6	6.4 bp −$64	8.0 bp −$804	11.5 bp −$5,749

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bluefin BTC-PERP	−0.1322%	1h	$142K	$400K	40x	as long as short
Perpl BTC	−0.0447%	43m	$402K	$31.2M	6.7x	as long as short
ApeX Omni BTCUSDT	−0.0144%	1h	$137.7M	$316.5M	100x	as long as short
edgeX BTCUSDC	−0.0118%	4h	$282.4M	$796.3M	100x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$8K	$3K	50x	as long as short
01 Exchange BTCUSD	−0.0072%	1h	$279K	$2.3M	50x	as long as short
Aftermath Perps BTCUSD	−0.0061%	1h	$83K	$140K	20x	as long as short
Reya BTCRUSDPERP	−0.0033%	1h	$6.8M	$137.4M	40x	as long as short
Gate BTC_USDT	−0.0018%	8h	$6.04B	$8.53B	200x	as long as short
Phemex BTCUSDT	−0.0015%	8h	$157.5M	$374.2M	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BingX BTC-USDC	−0.0011%	8h	—	$14.4M	—	as long as short
Bitget BTCUSDT	−0.0010%	8h	$2.96B	$4.28B	150x	as long as short
dYdX BTC-USD	0.0000%	1h	$16.1M	$13.8M	50x	as long as short
Kalshi KXBTCPERP	0.0000%	8h	$8.6M	$502.4M	6.4x	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
Derive BTC-PERP	+0.0031%	1h	$28.2M	$54.4M	15x	as long as short
HTX BTC-USDT	+0.0032%	8h	$2.29B	$782.8M	200x	as long as short
Aster BTCUSDT	+0.0037%	8h	$491.7M	$1.02B	200x	as long as short
Kraken Futures PF_XBTUSD	+0.0042%	1h	$187.9M	$751.4M	100x	as long as short
SoDEX BTC-USD	+0.0043%	1h	$61.2M	$234.5M	40x	as long as short
OKX BTC-USDT-SWAP	+0.0054%	8h	$2.56B	$10.68B	100x	as long as short
KuCoin XBTUSDTMshort	+0.0064%	8h	$802.5M	$577.3M	125x
Nado BTC-PERP	+0.0074%	1h	$24.0M	$222.0M	50x	as long as short
Paradex BTC-USD-PERP	+0.0082%	8h	$4.3M	$6.5M	50x	as long as short
MEXC BTC_USDT	+0.0092%	8h	$4.91B	$4.66B	500x	as long as short
Binance BTCUSDT	+0.0093%	8h	$9.54B	$19.63B	150x	as long as short
Bullet BTC-USD	+0.0093%	1h	$247K	$3.3M	20x	as long as short
Lighter BTC	+0.0096%	1h	$182.0M	$853.5M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$25.5M	$132.0M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	$8.4M	$40.7M	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	$203K	$5.0M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.7M	$312.3M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	$5.06B	$7.83B	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	$77.4M	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	$39.3M	$100.8M	75x	as long as short
Variational Omni BTClong	+0.0100%	8h	$172.0M	$467.0M	—
StandX BTC-USD	+0.0100%	1h	$30.5M	$246.6M	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	$6.7M	100x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$5.3M	100x	as long as short
Extended BTC-USD	+0.0104%	1h	$47.3M	$200.5M	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	$142.3M	$6.14B	50x	as long as short
Hyperliquid BTC	+0.0120%	1h	$3.85B	$4.10B	40x	as long as short
Hibachi BTC/USDT-P	+0.0152%	1h	$591K	$7.4M	30x	as long as short
RISEx BTC/USDC	+0.0178%	1h	$8.7M	$36.6M	25x	as long as short
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 −0.0210%	1h	$13.1M	—	200x	as long as short
BloFin BTC-USDT	+0.0213%	8h	$422.2M	$480.5M	150x	as long as short
Deribit BTC-PERPETUAL	+0.0334%	1h	$849.7M	$926.7M	50x	as long as short