BTC

Alert

Funding spread now, next payment 17:00 UTC+0.0174%/8h

next payment, per $10,000+$0.22paid, last 24h+0.050%paid, last 3 days+0.141%to open and close $10k−$16

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange BTCUSD	85,931.1	−0.0056	get 0.0007% / 1h	58m 41s	$289K	$2.4M	50x
Short	Deribit BTC-PERPETUAL	85,965.4	0.0118	get 0.0015% / 1h	58m 41s	$910.6M	$1.12B	50x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee 01 ExchangebpFee DeribitbpOrdersRate

Funding earned: $36.53
Slippage, 4 orders: −$1.6
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $20.94
Break-even: 3.0 days

Slippage from 01 Exchange: live order book, 2 min ago; Deribit: live order book, 2 min ago.

Price risk

price view

Price gap now: +0.040%
Avg gap 7d: +0.031%

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, 2 min ago	0.49 bp	4.0 bp −$4	14.8 bp −$148	doesn't fit	doesn't fit
Sell Deribit live order book, 2 min ago	0.03 bp	3.6 bp −$4	4.3 bp −$43	7.8 bp −$780	14.9 bp −$7,455

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective BTC/USDC PERP	−0.0137%	1h	$308K	$27.0M	52x	as long as short
ApeX Omni BTCUSDT	−0.0115%	1h	$139.3M	$318.2M	100x	as long as short
Perpl BTC	−0.0112%	43m	$406K	$29.3M	6.7x	as long as short
Phoenix BTC	−0.0086%	1h	$1.8M	$10.7M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$4K	50x	as long as short
BloFin BTC-USDT	−0.0065%	8h	$429.8M	$568.5M	150x	as long as short
01 Exchange BTCUSDlong	−0.0056%	1h	$289K	$2.4M	50x
SoDEX BTC-USD	−0.0046%	1h	$60.9M	$283.6M	40x	as long as short
Kraken Futures PF_XBTUSD	−0.0040%	1h	$186.6M	$822.6M	100x	as long as short
Popdex BTCUSDT	−0.0032%	1h	$8.5M	$45.8M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex BTCUSDT	−0.0022%	8h	$153.0M	$410.0M	150x	as long as short
Reya BTCRUSDPERP	−0.0020%	1h	$6.7M	$137.9M	40x	as long as short
Gate BTC_USDT	−0.0019%	8h	$6.12B	$9.25B	200x	as long as short
Bitget BTCUSDT	−0.0004%	8h	$2.96B	$4.70B	150x	as long as short
BingX BTC-USDT	−0.0004%	8h	—	$1.40B	—	as long as short
dYdX BTC-USD	0.0000%	1h	$17.3M	$17.5M	50x	as long as short
Kalshi KXBTCPERP	0.0000%	8h	$12.9M	$585.4M	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
OKX BTC-USDT-SWAP	+0.0020%	8h	$2.66B	$11.69B	100x	as long as short
KuCoin XBTUSDTM	+0.0022%	8h	$790.2M	$617.3M	125x	as long as short
Aftermath Perps BTCUSD	+0.0022%	1h	$86K	$154K	20x	as long as short
Aster BTCUSDT	+0.0037%	8h	$487.6M	$1.13B	200x	as long as short
Binance BTCUSDT	+0.0054%	8h	$9.50B	$22.05B	150x	as long as short
MEXC BTC_USDT	+0.0054%	8h	$5.09B	$5.12B	500x	as long as short
Aevo BTC-PERP	+0.0056%	1h	$2.4M	$1.5M	20x	as long as short
HTX BTC-USDT	+0.0084%	8h	$2.29B	$851.5M	200x	as long as short
Derive BTC-PERP	+0.0091%	1h	$30.3M	$59.2M	15x	as long as short
Bullet BTC-USD	+0.0091%	1h	$243K	$3.3M	20x	as long as short
Paradex BTC-USD-PERP	+0.0091%	8h	$4.4M	$6.7M	50x	as long as short
Lighter BTC	+0.0096%	1h	$173.0M	$897.5M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.9M	$132.4M	50x	as long as short
Variational Omni BTC	+0.0098%	8h	$172.1M	$512.2M	—	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$199K	$5.6M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.8M	$230.2M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$37.0M	$362.8M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	$5.20B	$8.60B	150x	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	$6.1M	$85.1M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	$558.9M	$144.9M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$38.6M	$109.9M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	$278.4M	$884.5M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	$30.6M	$230.3M	40x	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
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.4M	$7.3M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	$143K	$408K	40x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$6.1M	100x	as long as short
Extended BTC-USD	+0.0104%	1h	$48.9M	$209.7M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$89.7M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	$151.8M	$6.23B	50x	as long as short
Deribit BTC-PERPETUALshort	+0.0118%	1h	$910.6M	$1.12B	50x
RISEx BTC/USDC	+0.0132%	1h	$8.8M	$38.8M	25x	as long as short
Hyperliquid BTC	+0.0136%	1h	$3.91B	$4.51B	40x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0198% / S −0.0175%	1h	$12.5M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0216%	1h	$705K	$7.4M	30x	as long as short