BTC

Alert

Funding spread now, next payment 18:00 UTC+0.0144%/8h

next payment, per $10,000+$0.18paid, last 24h+0.030%paid, last 3 days+0.181%to open and close $10k−$10

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange BTCUSD	85,902.8	−0.0048	get 0.0006% / 1h	55m 25s	$294K	$2.4M	50x
Short	Lighter RH BTC	85,931.6	0.0096	get 0.0012% / 1h	55m 25s	$24.6M	$134.6M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee 01 ExchangebpFee Lighter RHbpOrdersRate

Funding earned: $30.24
Slippage, 4 orders: −$2.92
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $20.32
Break-even: 2.3 days

Slippage from 01 Exchange: live order book, just now; Lighter RH: live order book, 5 min ago.

Price risk

price view

Price gap now: +0.034%
Avg gap 7d: +0.013%

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, just now	0.01 bp	3.5 bp −$4	14.0 bp −$140	doesn't fit	doesn't fit
Sell Lighter RH live order book, 5 min ago	0.38 bp	1.0 bp −$1	1.5 bp −$15	3.5 bp −$347	23.9 bp −$11.9K

BTC on 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bluefin BTC-PERP	−0.8000%	1h	$142K	$392K	40x	as long as short
Arcus BTC-USD	−0.0377%	1h	$6.5M	$84.6M	40x	as long as short
Perpl BTC	−0.0223%	43m	$412K	$27.4M	6.7x	as long as short
Phoenix BTC	−0.0096%	1h	$1.9M	$11.0M	40x	as long as short
BloFin BTC-USDT	−0.0085%	8h	$421.0M	$564.9M	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	$189.7M	$813.5M	100x	as long as short
Phemex BTCUSDT	−0.0059%	8h	$148.6M	$414.1M	150x	as long as short
01 Exchange BTCUSDlong	−0.0048%	1h	$294K	$2.4M	50x
dYdX BTC-USD	−0.0038%	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	$201.4M	50x	as long as short
SoDEX BTC-USD	−0.0023%	1h	$60.9M	$284.0M	40x	as long as short
Injective BTC/USDC PERP	−0.0019%	1h	$308K	$27.0M	52x	as long as short
Reya BTCRUSDPERP	−0.0018%	1h	$6.7M	$138.1M	40x	as long as short
Bulk BTC-USD	−0.0012%	1h	$560.3M	$139.6M	40x	as long as short
ApeX Omni BTCUSDT	−0.0004%	1h	$138.8M	$318.4M	100x	as long as short
Bitget BTCUSDT	−0.0003%	8h	$2.95B	$4.68B	150x	as long as short
BingX BTC-USDC	−0.0003%	8h	—	$14.7M	—	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	$36.7M	—	200x	as long as short
KuCoin XBTUSDTM	+0.0005%	8h	$793.2M	$611.3M	125x	as long as short
OKX BTC-USDT-SWAP	+0.0012%	8h	$2.66B	$11.52B	100x	as long as short
Bybit BTCUSDT	+0.0015%	8h	$5.24B	$8.57B	150x	as long as short
Aster BTCUSDT	+0.0023%	8h	$504.7M	$1.12B	200x	as long as short
Gate BTC_USDT	+0.0030%	8h	$6.05B	$9.43B	200x	as long as short
Popdex BTCUSDT	+0.0032%	1h	$8.5M	$46.4M	100x	as long as short
Aevo BTC-PERP	+0.0032%	1h	$2.4M	$1.3M	20x	as long as short
Binance BTCUSDT	+0.0034%	8h	$9.49B	$21.95B	150x	as long as short
MEXC BTC_USDT	+0.0034%	8h	$5.17B	$5.07B	500x	as long as short
RISEx BTC/USDC	+0.0040%	1h	$9.2M	$38.8M	25x	as long as short
Derive BTC-PERP	+0.0073%	1h	$30.4M	$60.0M	15x	as long as short
Variational Omni BTC	+0.0081%	8h	$171.5M	$507.9M	—	as long as short
StandX BTC-USD	+0.0086%	1h	$30.6M	$227.6M	40x	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	$172.2M	$928.5M	50x	as long as short
Lighter RH BTCshort	+0.0096%	1h	$24.6M	$134.6M	50x
Katana Perps BTC-USD	+0.0100%	8h	$218K	$5.6M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	$23.4M	$227.0M	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	$16.4M	25x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$37.5M	$123.7M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	$278.9M	$883.3M	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	$11.5M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	$232K	$3.3M	20x	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	$839.8M	200x	as long as short
Hyperliquid BTC	+0.0102%	1h	$3.89B	$4.38B	40x	as long as short
Hibachi BTC/USDT-P	+0.0104%	1h	$756K	$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	+0.0104%	8h	$14.2M	$619.3M	6.4x	as long as short
Aftermath Perps BTCUSD	+0.0104%	1h	$87K	$150K	20x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0171% / S −0.0149%	1h	$12.4M	—	200x	as long as short
Coinbase International BTC-PERP-INTX	+0.0184%	1h	$128.4M	$6.01B	50x	as long as short
Deribit BTC-PERPETUAL	+0.0207%	1h	$913.3M	$1.11B	50x	as long as short