BTC

Alert

Funding spread now, next payment 19:00 UTC+0.0013%/8h

next payment, per $10,000+$0.02paid, last 24h+0.025%paid, last 3 days+0.158%to open and close $10k−$19

Long on 01 Exchange Short on Kraken Futures

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange BTCUSD	85,926.4	−0.0032	get 0.0004% / 1h	54m 59s	$309K	$2.4M	50x
Short	Kraken Futures PF_XBTUSD	85,939.4	−0.0019	pay 0.0002% / 1h	54m 59s	$188.2M	$816.0M	100x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee 01 ExchangebpFee Kraken FuturesbpOrdersRate

Funding earned: $2.73
Slippage, 4 orders: −$2.22
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$16.49
Break-even: 49.3 days

Slippage from 01 Exchange: live order book, 1 min ago; Kraken Futures: live order book, 6 min ago.

Price risk

price view

Price gap now: +0.015%
Avg gap 7d: −0.002%

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, 1 min ago	0.01 bp	3.5 bp −$4	8.5 bp −$85	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 6 min ago	0.06 bp	5.2 bp −$5	5.7 bp −$57	6.6 bp −$661	9.0 bp −$4,478

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Perpl BTC	−0.0447%	43m	$407K	$26.3M	6.7x	as long as short
Arcus BTC-USD	−0.0299%	1h	$6.7M	$85.4M	40x	as long as short
BloFin BTC-USDT	−0.0093%	8h	$422.5M	$567.9M	150x	as long as short
Phoenix BTC	−0.0082%	1h	$1.9M	$11.0M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$4K	50x	as long as short
01 Exchange BTCUSDlong	−0.0032%	1h	$309K	$2.4M	50x
Kraken Futures PF_XBTUSDshort	−0.0019%	1h	$188.2M	$816.0M	100x
ApeX Omni BTCUSDT	−0.0018%	1h	$139.6M	$319.6M	100x	as long as short
Reya BTCRUSDPERP	−0.0017%	1h	$6.7M	$138.3M	40x	as long as short
Phemex BTCUSDT	−0.0011%	8h	$147.9M	$420.8M	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin XBTUSDTM	−0.0007%	8h	$803.0M	$618.6M	125x	as long as short
Injective BTC/USDC PERP	−0.0006%	1h	$307K	$27.0M	52x	as long as short
Bulk BTC-USD	−0.0005%	1h	$560.1M	$127.0M	40x	as long as short
dYdX BTC-USD	−0.0004%	1h	$17.1M	$18.1M	50x	as long as short
Bitget BTCUSDT	−0.0001%	8h	$2.96B	$4.67B	150x	as long as short
BingX BTC-USDC	−0.0001%	8h	—	$14.7M	—	as long as short
Kalshi KXBTCPERP	0.0000%	8h	$12.5M	$647.2M	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
Aster BTCUSDT	+0.0013%	8h	$505.0M	$1.09B	200x	as long as short
OKX BTC-USDT-SWAP	+0.0019%	8h	$2.66B	$11.58B	100x	as long as short
Bybit BTCUSDT	+0.0022%	8h	$5.25B	$8.63B	150x	as long as short
Gate BTC_USDT	+0.0023%	8h	$6.06B	$9.56B	200x	as long as short
Aevo BTC-PERP	+0.0024%	1h	$2.4M	$1.3M	20x	as long as short
MEXC BTC_USDT	+0.0026%	8h	$5.17B	$5.06B	500x	as long as short
Binance BTCUSDT	+0.0027%	8h	$9.47B	$22.07B	150x	as long as short
RISEx BTC/USDC	+0.0031%	1h	$9.1M	$38.5M	25x	as long as short
SoDEX BTC-USD	+0.0035%	1h	$60.9M	$284.6M	40x	as long as short
Aftermath Perps BTCUSD	+0.0037%	1h	$86K	$152K	20x	as long as short
Popdex BTCUSDT	+0.0064%	1h	$8.5M	$46.7M	100x	as long as short
Variational Omni BTC	+0.0068%	8h	$170.5M	$505.8M	—	as long as short
Extended BTC-USD	+0.0080%	1h	$48.6M	$200.2M	50x	as long as short
Lighter BTC	+0.0096%	1h	$171.9M	$940.1M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.5M	$137.0M	50x	as long as short
Paradex BTC-USD-PERP	+0.0098%	8h	$4.4M	$6.9M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	$189K	$5.8M	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	$36.6M	$407.0M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$3.9M	$16.9M	25x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$37.5M	$131.4M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	$280.3M	$881.3M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	$30.7M	$217.0M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	—	$11.5M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	$11.0M	$11.9M	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	$7.4M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	$143K	$411K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	$30.4M	$58.9M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.4M	$5.8M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	$2.29B	$840.0M	200x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$84.5M	500x	as long as short
Hibachi BTC/USDT-P	+0.0112%	1h	$751K	$6.6M	30x	as long as short
Deribit BTC-PERPETUAL	+0.0128%	1h	$916.2M	$1.10B	50x	as long as short
Hyperliquid BTC	+0.0156%	1h	$3.96B	$4.45B	40x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0172% / S −0.0153%	1h	$12.7M	—	200x	as long as short
Coinbase International BTC-PERP-INTX	+0.0200%	1h	$129.1M	$5.86B	50x	as long as short