BTC

Alert

Funding spread now, next payment 18:00 UTC+0.0060%/8h

next payment, per $10,000+$0.08paid, last 24h+0.003%paid, last 3 days−0.002%to open and close $10k−$17

Long on 01 Exchange Short on gTrade (Gains Network)

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange BTCUSD	85,990.8	−0.0056	get 0.0007% / 1h	52m 27s	$294K	$2.4M	50x
Short	gTrade (Gains Network) BTC/USD	85,989.9	L +0.0005% / S −0.0004%	get 0.0001% / 1h	52m 27s	$36.8M	—	200x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee 01 ExchangebpFee gTrade (Gains Network)bpOrdersRate

Funding earned: $12.68
Slippage, 4 orders: −$2.59
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Net: −$3.9
Break-even: 9.2 days

Slippage from 01 Exchange: live order book, 3 min ago; gTrade (Gains Network): virtual book (oracle venue), 3 min ago.

Price risk

price view

Price gap now: −0.001%
Avg gap 7d: −0.006%

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	0.01 bp	3.5 bp −$4	14.0 bp −$140	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 3 min ago	0.51 bp	4.0 bp −$4	4.1 bp −$41	4.5 bp −$446	6.4 bp −$3,182

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bluefin BTC-PERP	−0.5527%	1h	$142K	$392K	40x	as long as short
Arcus BTC-USD	−0.0377%	1h	$6.6M	$84.8M	40x	as long as short
Perpl BTC	−0.0223%	43m	$413K	$27.2M	6.7x	as long as short
Phoenix BTC	−0.0096%	1h	$1.9M	$11.0M	40x	as long as short
BloFin BTC-USDT	−0.0088%	8h	$423.2M	$565.0M	150x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$4K	50x	as long as short
Kraken Futures PF_XBTUSD	−0.0073%	1h	$189.6M	$813.7M	100x	as long as short
01 Exchange BTCUSDlong	−0.0056%	1h	$294K	$2.4M	50x
Phemex BTCUSDT	−0.0054%	8h	$148.4M	$413.7M	150x	as long as short
dYdX BTC-USD	−0.0039%	1h	$17.3M	$17.8M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Extended BTC-USD	−0.0024%	1h	$48.7M	$200.6M	50x	as long as short
Injective BTC/USDC PERP	−0.0019%	1h	$308K	$27.0M	52x	as long as short
Reya BTCRUSDPERP	−0.0018%	1h	$6.8M	$138.1M	40x	as long as short
SoDEX BTC-USD	−0.0015%	1h	$60.9M	$284.0M	40x	as long as short
Bulk BTC-USD	−0.0012%	1h	$560.3M	$139.6M	40x	as long as short
Bitget BTCUSDT	−0.0004%	8h	$2.96B	$4.69B	150x	as long as short
BingX BTC-USDT	−0.0003%	8h	—	$1.38B	—	as long as short
KuCoin XBTUSDTM	+0.0004%	8h	$795.4M	$611.3M	125x	as long as short
gTrade (Gains Network) BTC/USDshort	L +0.0005% / S −0.0004%	1h	$36.8M	—	200x
OKX BTC-USDT-SWAP	+0.0012%	8h	$2.66B	$11.53B	100x	as long as short
Bybit BTCUSDT	+0.0019%	8h	$5.24B	$8.57B	150x	as long as short
Aster BTCUSDT	+0.0023%	8h	$505.3M	$1.11B	200x	as long as short
Gate BTC_USDT	+0.0030%	8h	$6.06B	$9.44B	200x	as long as short
MEXC BTC_USDT	+0.0032%	8h	$5.18B	$5.07B	500x	as long as short
Aevo BTC-PERP	+0.0032%	1h	$2.4M	$1.3M	20x	as long as short
Binance BTCUSDT	+0.0032%	8h	$9.50B	$21.94B	150x	as long as short
RISEx BTC/USDC	+0.0040%	1h	$9.2M	$38.8M	25x	as long as short
Popdex BTCUSDT	+0.0056%	1h	$8.5M	$46.4M	100x	as long as short
ApeX Omni BTCUSDT	+0.0057%	1h	$139.3M	$318.6M	100x	as long as short
Derive BTC-PERP	+0.0068%	1h	$30.4M	$60.0M	15x	as long as short
StandX BTC-USD	+0.0081%	1h	$30.6M	$227.3M	40x	as long as short
Variational Omni BTC	+0.0081%	8h	$171.5M	$507.9M	—	as long as short
Bullet BTC-USD	+0.0093%	1h	$230K	$3.3M	20x	as long as short
Paradex BTC-USD-PERP	+0.0094%	8h	$4.4M	$6.8M	50x	as long as short
Lighter BTC	+0.0096%	1h	$172.4M	$929.5M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.6M	$134.7M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$213K	$5.6M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.2M	$227.1M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$37.0M	$385.2M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$4.0M	$16.5M	25x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$37.5M	$123.8M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	$278.8M	$883.9M	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	$11.5M	50x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.3M	$7.3M	100x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$5.9M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	$2.29B	$839.0M	200x	as long as short
Hibachi BTC/USDT-P	+0.0104%	1h	$753K	$7.4M	30x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$85.4M	500x	as long as short
Kalshi KXBTCPERP	+0.0105%	8h	$14.2M	$620.6M	6.4x	as long as short
Aftermath Perps BTCUSD	+0.0106%	1h	$87K	$150K	20x	as long as short
Hyperliquid BTC	+0.0136%	1h	$3.90B	$4.37B	40x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0172% / S −0.0154%	1h	$12.7M	—	200x	as long as short
Coinbase International BTC-PERP-INTX	+0.0184%	1h	$128.2M	$6.00B	50x	as long as short
Deribit BTC-PERPETUAL	+0.0208%	1h	$913.2M	$1.11B	50x	as long as short