BTC Funding Rates

BTC perp funding on 54 venues, normalized to APR. High APR is not guaranteed yield.

Venues54

Highest APR21.90%DigiFinex

Lowest APR-21.05%RISEx

Verified signals, 14 days1,045Average net 27.9 bps

66 rates


BTC	DigiFinex	+0.0200%	8h	+21.9%	n/a	n/a	n/a
BTC	BloFinBTC-USDC	+0.0181%	8h	+19.8%	n/a	n/a	n/a
BTC	Bitfinex	+0.0160%	8h	+17.5%	n/a	n/a	n/a
BTC	Coinbase	+0.0018%	1h	+15.8%	+0.008%*	+0.008%*	n/a
BTC	BloFinBTC-USDT	+0.0106%	8h	+11.6%	n/a	n/a	n/a
BTC	Phoenix	+0.0013%	1h	+11.0%	n/a	n/a	n/a
BTC	WhiteBIT	+0.0100%	8h	+10.9%	n/a	n/a	n/a
BTC	Poloniex	+0.0100%	8h	+10.9%	n/a	n/a	n/a
BTC	BTSE	+0.0100%	8h	+10.9%	n/a	n/a	n/a
BTC	Kraken US	+0.0100%	8h	+10.9%	n/a	n/a	n/a
BTC	AsterBTCUSDC	+0.0100%	8h	+10.9%	n/a	n/a	n/a
BTC	WEEX	+0.0100%	8h	+10.9%	n/a	n/a	n/a
BTC	BitunixBTCUSD	+0.0100%	8h	+10.9%	n/a	n/a	n/a
BTC	edgeX	+0.0050%	4h	+10.9%	n/a	n/a	n/a
BTC	ApeX Omni	+0.0013%	1h	+10.9%	+0.008%*	+0.008%*	n/a
BTC	Pacifica	+0.0013%	1h	+10.9%	n/a	n/a	n/a
BTC	Coincall	+0.0100%	8h	+10.9%	n/a	n/a	n/a
BTC	GRVT	+0.0100%	8h	+10.9%	n/a	n/a	n/a
BTC	Bulk	+0.0013%	1h	+10.9%	n/a	n/a	n/a
BTC	Katana Perps	+0.0100%	8h	+10.9%	n/a	n/a	n/a
BTC	Lighter	+0.0012%	1h	+10.5%	n/a	n/a	n/a
BTC	AsterBTCUSDT	+0.0096%	8h	+10.5%	n/a	n/a	n/a
BTC	Gate	+0.0080%	8h	+8.8%	n/a	n/a	n/a
BTC	Kraken	+0.0010%	1h	+8.6%	n/a	n/a	n/a
BTC	BingXBTC-USDT	+0.0078%	8h	+8.5%	n/a	n/a	n/a
BTC	BingXBTC-USDC	+0.0078%	8h	+8.5%	n/a	n/a	n/a
BTC	OKX	+0.0077%	8h	+8.5%	n/a	n/a	n/a
BTC	Derive	+0.0009%	1h	+8.2%	n/a	n/a	n/a
BTC	BybitBTCUSDT	+0.0061%	8h	+6.7%	n/a	n/a	n/a
BTC	Zoomex	+0.0061%	8h	+6.7%	n/a	n/a	n/a
BTC	BinanceBTCUSDC	+0.0061%	8h	+6.7%	n/a	n/a	n/a
BTC	ToobitBTC-SWAP-USDC	+0.0061%	8h	+6.7%	n/a	n/a	n/a
BTC	MEXCBTC_USDC	+0.0060%	8h	+6.6%	n/a	n/a	n/a
BTC	BitunixBTCUSDC	+0.0057%	8h	+6.3%	n/a	n/a	n/a
BTC	Hyperliquid	+0.0007%	1h	+6.2%	n/a	n/a	n/a
BTC	XT	+0.0052%	8h	+5.7%	n/a	n/a	n/a
BTC	Nado	+0.0156%	24h	+5.7%	+0.095%*	+0.095%*	n/a
BTC	PhemexBTCUSDC	+0.0048%	8h	+5.3%	n/a	n/a	n/a
BTC	BybitBTCPERP	+0.0048%	8h	+5.3%	n/a	n/a	n/a
BTC	TxFlow	+0.0005%	1h	+4.6%	+0.001%*	+0.001%*	n/a
BTC	Extended	+0.0005%	1h	+4.4%	+0.002%*	+0.002%*	n/a
BTC	SoDEX	+0.0005%	1h	+4.0%	+0.003%*	+0.003%*	n/a
BTC	Paradex	+0.0033%	8h	+3.6%	n/a	n/a	n/a
BTC	PhemexBTCUSDT	+0.0031%	8h	+3.4%	n/a	n/a	n/a
BTC	Ondo Perps	+0.0003%	1h	+3.0%	+0.005%*	+0.005%*	n/a
BTC	LBank	+0.0027%	8h	+2.9%	n/a	n/a	n/a
BTC	BinanceBTCUSDT	+0.0026%	8h	+2.9%	n/a	n/a	n/a
BTC	ToobitBTC-SWAP-USDT	+0.0026%	8h	+2.9%	n/a	n/a	n/a
BTC	MEXCBTC_USDT	+0.0026%	8h	+2.8%	n/a	n/a	n/a
BTC	BitunixBTCUSDT	+0.0025%	8h	+2.7%	n/a	n/a	n/a
BTC	Polymarket Perps	+0.0002%	1h	+1.8%	0.000%*	0.000%*	n/a
BTC	Backpack	+0.0002%	1h	+1.8%	+0.005%*	+0.005%*	n/a
BTC	KuCoinXBTUSDTM	+0.0013%	8h	+1.4%	n/a	n/a	n/a
BTC	Helix	+0.0001%	1h	+0.9%	0.000%*	0.000%*	n/a
BTC	Hibachi	+0.0001%	1h	+0.9%	+0.009%*	+0.009%*	n/a
BTC	DeribitBTC_USDC-PERPETUAL	0.0000%	8h	0.0%	n/a	n/a	n/a
BTC	DeribitBTC-PERPETUAL	0.0000%	8h	0.0%	n/a	n/a	n/a
BTC	Bullish	0.0000%	1h	0.0%	n/a	n/a	n/a
BTC	HTX	-0.0001%	8h	-0.2%	n/a	n/a	n/a
BTC	KuCoinXBTUSDCM	-0.0004%	8h	-0.4%	n/a	n/a	n/a
BTC	dYdX	-0.0002%	1h	-2.1%	n/a	n/a	n/a
BTC	Arcus	-0.0004%	1h	-3.4%	+0.002%*	+0.002%*	n/a
BTC	Bitget	-0.0037%	8h	-4.1%	n/a	n/a	n/a
BTC	Crypto.com	-0.0007%	1h	-6.0%	n/a	n/a	n/a
BTC	Deepcoin	-0.0086%	8h	-9.4%	n/a	n/a	n/a
BTC	RISEx	-0.0024%	1h	-21.0%	-0.016%*	-0.016%*	n/a

Paid is what a short collected per dollar over the last 7 or 30 days, from the settlements we kept. * marks a stretch with settlements missing, which is never filled in.

BTC funding paid, last 30 days

Each settlement as we read its rate just before it paid. A venue that names no settlement time, or a stretch we missed, has no line, never a guess.

Coinbase+0.008% paid, 6x
ApeX Omni+0.008% paid, 6x
Nado+0.095% paid, 6x

APR of each settlement. Paid is what a short collected per dollar, summed.

BTC regional premiums

Where it trades for a local currency, how far that price sits from the USDT price.

BTC/IDR-18.8 bps24h avg -4.3 bpsNone

Venue	Price (IDR)	IDR per USDT	Premium	Route
Indodax btcidr	1,459,575,500	18,121.5	-18.8 bps	—

BTC/JPY+6.1 bps24h avg +6.1 bpsNone

Venue	Price (JPY)	JPY per USDT	Premium	Route
Bitbank btc_jpy	12,758,426	158	+6.1 bps	—

BTC/BRL-5.1 bps24h avg -3.6 bpsNone

Venue	Price (BRL)	BRL per USDT	Premium	Route
Foxbit btcbrl	440,454.5	5.46	-5.1 bps	—

BTC/KRW+1.9 bps24h avg +1.0 bpsNone

Venue	Price (KRW)	KRW per USDT	Premium	Route
Upbit KRW-BTC	108,550,000	1,344.5	+3.6 bps	—
Coinone KRW-BTC	108,535,000	1,344.5	+2.9 bps	—
Korbit btc_krw	108,549,500	1,344.5	+1.0 bps	—
Bithumb KRW-BTC	108,583,000	1,345.5	0.0 bps	—

BTC/TRY0.0 bps24h avg -0.4 bpsNone

Venue	Price (TRY)	TRY per USDT	Premium	Route
BtcTurk BTCTRY	4,031,040.5	49.96	0.0 bps	—
CoinTR BTCTRY	4,032,833	49.98	0.0 bps	—
Paribu btc_tl	4,028,139.5	49.95	-3.6 bps	—

BTC/EUR0.0 bps24h avg 0.0 bps Verified

Venue	Price (EUR)	EUR per USDT	Premium	Route
Bitstamp btceur	71,776.61	0.8894	0.0 bps	—
CEX.IO BTC-EUR	71,775.8	0.8896	0.0 bps	—
Bitvavo BTC-EUR	71,774.5	0.8896	-1.4 bps	Verified

BTC/TWD0.0 bps24h avg -0.4 bpsNone

Venue	Price (TWD)	TWD per USDT	Premium	Route
BitoPro BTC_TWD	2,650,500	32.84	0.0 bps	—

BTC/ZAR0.0 bps24h avg -0.2 bpsNone

Venue	Price (ZAR)	ZAR per USDT	Premium	Route
VALR BTCZAR	1,335,124	16.55	0.0 bps	—

IDR-20.1 bps
JPY+5.0 bps
BRL-1.5 bps

5-minute means over the USDT price, in bps. A break is a stretch with no fresh book.

Each local price is converted at that exchange's own USDT book, the rate its money really converts at, and compared with the middle USDT price on order book exchanges. Verified means a route that passes every check trades that market the way the premium pays. A premium is not a promise of profit.

Where BTC trades

24-hour volume and open interest, as each venue publishes them. A venue that publishes none shows n/a.

Venue	Type	24h volume	Open interest
BinanceBTCUSDT	Perp	$19.79B	n/a
DigiFinexBTCUSDTPERP	Perp	$16.07B	n/a
OKXBTC-USDT-SWAP	Perp	$11.72B	$2.67B
GateBTC_USDT	Perp	$11.24B	$2.31B
ToobitBTC-SWAP-USDT	Perp	$9.16B	n/a
WhiteBITBTC_PERP	Perp	$8.68B	n/a
ZoomexBTCUSDT	Perp	$8.01B	n/a
BybitBTCUSDT	Perp	$8.01B	$5.45B
WEEXBTCUSDT	Perp	$6.78B	n/a
DeribitBTC_USDC-PERPETUAL	Perp	$5.88B	n/a
HyperliquidBTC	Perp	$5.77B	$3.09B
BitgetBTCUSDT	Perp	$4.81B	$3.00B

Recent BTC gaps

From the free feed and the Proof Log, at least 15 minutes old. Paid plans and the trial see them live.

Coin	Route	Type	Net	When
BTC	Bitfinex Deribit	Basis	478.1 bps	Delayed feed
BTC	Bitfinex Bybit	Basis	476.7 bps	Delayed feed
BTC	MEXC Deribit	Basis	476.0 bps	Delayed feed
BTC	MEXC Bybit	Basis	474.6 bps	Delayed feed
BTC	Binance.US Bybit	Basis	472.9 bps	Delayed feed
BTC	Aster Deribit	Basis	470.9 bps	Delayed feed

Across 81 venues over 1 of the last 14 days. Last closed Nov 4, 23:26 UTC. See the Proof Log.

See BTC routes as they open

Net after fees, depth and transfer checks, on every venue we read. No card required.

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