BTC

Alert

Funding spread now, next payment 17:00 UTC−0.7944%/8h

next payment, per $10,000−$9.93paid, last 24h−0.064%paid, last 3 days−0.041%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.041% in total (about -4.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$9.93 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange BTCUSD	85,852.3	−0.0056	get 0.0007% / 1h	42m 53s	$291K	$2.4M	50x
Short	Bluefin BTC-PERP	84,992.3	−0.8000	pay 0.1000% / 1h	42m 53s	$141K	$408K	40x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee 01 ExchangebpFee BluefinbpOrdersRate

Funding earned: −$1,668.24
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Bluefin: 3.5 bp × 2 orders: −$7
Net: −$1,682.24
Break-even: never at this rate

Slippage unknown: 01 Exchange: live order book, 3 min ago; Bluefin: live order book, 3 min ago. Net counts fees only.

Price risk

price view

Price gap now: −1.002%
Avg gap 7d: −0.042%

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 01 Exchange live order book, 3 min ago	0.08 bp	5.6 bp −$6	13.9 bp −$139	doesn't fit	doesn't fit
Sell Bluefin live order book, 3 min ago	949.33 bp	962.8 bp −$963	doesn't fit	doesn't fit	doesn't fit

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bluefin BTC-PERPshort	−0.8000%	1h	$141K	$408K	40x
ApeX Omni BTCUSDT	−0.0238%	1h	$139.1M	$317.7M	100x	as long as short
Injective BTC/USDC PERP	−0.0137%	1h	$308K	$27.0M	52x	as long as short
Phoenix BTC	−0.0116%	1h	$1.8M	$11.4M	40x	as long as short
Perpl BTC	−0.0112%	43m	$409K	$28.7M	6.7x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$4K	50x	as long as short
BloFin BTC-USDT	−0.0074%	8h	$424.7M	$567.2M	150x	as long as short
01 Exchange BTCUSDlong	−0.0056%	1h	$291K	$2.4M	50x
Kraken Futures PF_XBTUSD	−0.0040%	1h	$188.1M	$821.8M	100x	as long as short
SoDEX BTC-USD	−0.0038%	1h	$60.8M	$283.7M	40x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex BTCUSDT	−0.0032%	8h	$150.0M	$411.4M	150x	as long as short
Reya BTCRUSDPERP	−0.0020%	1h	$6.7M	$138.0M	40x	as long as short
BingX BTC-USDC	−0.0015%	8h	—	$14.9M	—	as long as short
Bybit BTCUSDT	−0.0009%	8h	$5.23B	$8.61B	150x	as long as short
Bitget BTCUSDT	−0.0005%	8h	$2.98B	$4.69B	150x	as long as short
dYdX BTC-USD	0.0000%	1h	$17.3M	$17.5M	50x	as long as short
Kalshi KXBTCPERP	0.0000%	8h	$14.0M	$597.4M	6.4x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	$36.8M	—	200x	as long as short
Gate BTC_USDT	+0.0012%	8h	$6.09B	$9.38B	200x	as long as short
KuCoin XBTUSDTM	+0.0013%	8h	$792.1M	$617.0M	125x	as long as short
OKX BTC-USDT-SWAP	+0.0020%	8h	$2.65B	$11.65B	100x	as long as short
Aftermath Perps BTCUSD	+0.0026%	1h	$87K	$156K	20x	as long as short
Aster BTCUSDT	+0.0029%	8h	$486.5M	$1.13B	200x	as long as short
Bulk BTC-USD	+0.0040%	1h	$557.2M	$154.9M	40x	as long as short
MEXC BTC_USDT	+0.0045%	8h	$5.10B	$5.18B	500x	as long as short
Binance BTCUSDT	+0.0046%	8h	$9.49B	$22.09B	150x	as long as short
Aevo BTC-PERP	+0.0048%	1h	$2.4M	$1.5M	20x	as long as short
Popdex BTCUSDT	+0.0056%	1h	$8.7M	$45.7M	100x	as long as short
StandX BTC-USD	+0.0074%	1h	$30.6M	$229.3M	40x	as long as short
Extended BTC-USD	+0.0080%	1h	$48.9M	$206.7M	50x	as long as short
Variational Omni BTC	+0.0088%	8h	$171.1M	$507.1M	—	as long as short
HTX BTC-USDT	+0.0089%	8h	$2.29B	$843.8M	200x	as long as short
Paradex BTC-USD-PERP	+0.0092%	8h	$4.4M	$6.7M	50x	as long as short
Lighter BTC	+0.0096%	1h	$171.9M	$912.9M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.6M	$133.6M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$190K	$5.6M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.3M	$228.8M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$37.0M	$364.7M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$3.9M	$16.3M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	$6.4M	$84.3M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$37.4M	$115.1M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	$277.8M	$889.3M	100x	as long as short
Vest BTC-PERP	+0.0100%	1h	—	$11.9M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	$11.0M	$11.7M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	$236K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.4M	$7.3M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	$30.2M	$59.4M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$6.1M	100x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$89.2M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	$129.0M	$6.21B	50x	as long as short
Deribit BTC-PERPETUAL	+0.0114%	1h	$911.1M	$1.12B	50x	as long as short
RISEx BTC/USDC	+0.0132%	1h	$8.8M	$38.4M	25x	as long as short
Hyperliquid BTC	+0.0132%	1h	$3.90B	$4.46B	40x	as long as short
Hibachi BTC/USDT-P	+0.0184%	1h	$717K	$7.4M	30x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0198% / S −0.0175%	1h	$12.4M	—	200x	as long as short