BTC funding rates and arbitrage
Updated 2026-10-29 14:51 UTC
Best BTC arbitrage after every cost
| Coin | Pair | Long | Short | Net · 168 h | Net APR | Max size | Status |
|---|---|---|---|---|---|---|---|
| BTC | Spot ↔ perp | Binance BTCUSDT (spot) | BloFin BTC-USDT | — | — | — | Watch |
| BTC | Spot ↔ perp | Bybit BTCUSDT (spot) | BloFin BTC-USDT | — | — | — | Watch |
| BTC | Spot ↔ perp | OKX BTC-USDT (spot) | BloFin BTC-USDT | — | — | — | Watch |
| BTC | Perp ↔ perp | Bybit BTCUSDT | BloFin BTC-USDT | — | — | — | Watch |
| BTC | Perp ↔ perp | Bitget BTCUSDT | BloFin BTC-USDT | — | — | — | Watch |
| BTC | Perp ↔ perp | Gate BTC_USDT | BloFin BTC-USDT | — | — | — | Watch |
| BTC | Perp ↔ perp | Aster BTCUSDT | BloFin BTC-USDT | — | — | — | Watch |
| BTC | Perp ↔ perp | OKX BTC-USDT-SWAP | BloFin BTC-USDT | — | — | — | Watch |
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.
BTC funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| BloFin | BTC-USDT | 0.0220% | 8 h | +24.1% | +19.0% | $345.9M | 2026-10-29 16:00 |
| Phoenix | BTC | 0.0022% | 1 h | +19.4% | +17.2% | — | 2026-10-29 15:00 |
| Hibachi | BTC/USDT-P | 0.0021% | 1 h | +18.4% | +21.1% | $580.4K | 2026-10-29 15:00 |
| Perpl | BTC | 0.0010% | 0.7166666666666666666666666667 h | +12.2% | — | $743.3K | — |
| Coinbase Derivatives | BIP-20DEC30-CDE | 0.0013% | 1 h | +11.4% | — | $162.9M | 2026-10-29 15:00 |
| Extended | BTC-USD | 0.0013% | 1 h | +11.4% | +11.4% | $48.7M | 2026-10-29 15:00 |
| Ondo Perps | BTC-USD.P | 0.0013% | 1 h | +10.9% | — | $5.2M | 2026-10-29 15:00 |
| Phemex | BTCUSDT | 0.0100% | 8 h | +10.9% | — | $189.7M | 2026-10-29 16:00 |
| KuCoin | XBTUSDTM | 0.0100% | 8 h | +10.9% | +8.4% | $761.3M | 2026-10-29 16:00 |
| Arcus | BTC-USD | 0.0013% | 1 h | +10.9% | +10.0% | $16.2M | 2026-10-29 15:00 |
| Nado | BTC-PERP_USDT0 | 0.0013% | 1 h | +10.9% | — | $10.5M | 2026-10-29 15:00 |
| Bulk | BTC-USD | 0.0013% | 1 h | +10.9% | — | $2.3M | 2026-10-29 15:00 |
| PopDEX | BTCUSDT | 0.0013% | 1 h | +10.9% | +10.9% | $51.6M | 2026-10-29 15:00 |
| Bitunix | BTCUSDT | 0.0100% | 8 h | +10.9% | +7.2% | — | 2026-10-29 16:00 |
| MEXC | BTC_USDT | 0.0100% | 8 h | +10.9% | +7.2% | $4B | 2026-10-29 16:00 |
| WhiteBIT | BTC_PERP | 0.0100% | 8 h | +10.9% | +10.8% | $1.6B | 2026-10-29 16:00 |
| Backpack | BTC_USDC_PERP | 0.0013% | 1 h | +10.9% | +11.0% | $48.6M | 2026-10-29 15:00 |
| Pacifica | BTC | 0.0013% | 1 h | +10.9% | +11.0% | $40.5M | 2026-10-29 15:00 |
| ApeX | BTC-USDT | 0.0013% | 1 h | +10.9% | +8.2% | $131.9M | 2026-10-29 15:00 |
| StandX | BTC-USD | 0.0013% | 1 h | +10.9% | — | $657.4K | 2026-10-29 15:00 |
| OKX | BTC-USDT-SWAP | 0.0100% | 8 h | +10.9% | +8.5% | $2.6B | 2026-10-29 16:00 |
| WOO X | PERP_BTC_USDT | 0.0100% | 8 h | +10.9% | +7.2% | $16.9M | 2026-10-29 16:00 |
| LBank | BTCUSDT | 0.0100% | 8 h | +10.9% | — | — | 2026-10-29 16:00 |
| HTX | BTC-USDT | 0.0100% | 8 h | +10.9% | +6.6% | $1.5B | 2026-10-29 16:00 |
| BingX | BTC-USDT | 0.0100% | 8 h | +10.9% | +10.1% | $689.8M | 2026-10-29 16:00 |
| GRVT | BTC_USDT_Perp | 0.0100% | 8 h | +10.9% | +11.0% | $204M | 2026-10-29 16:00 |
| Aster | BTCUSDT | 0.0100% | 8 h | +10.9% | +9.9% | $519.9M | 2026-10-29 16:00 |
| Bullet | BTC-USD | 0.0013% | 1 h | +10.9% | — | $1.4M | 2026-10-29 15:00 |
| Variational | BTC-PERP | 0.0100% | 8 h | +10.9% | — | $95.1M | 2026-10-29 16:00 |
| TXFlow | BTC-USDC | 0.0013% | 1 h | +10.9% | — | $26.5M | 2026-10-29 15:00 |
| Binance | BTCUSDT | 0.0100% | 8 h | +10.9% | +7.2% | $7.9B | 2026-10-29 16:00 |
| Hyperliquid | BTC | 0.0013% | 1 h | +10.9% | +10.3% | $3.5B | 2026-10-29 15:00 |
| Katana Perps | BTC-USD | 0.0100% | 8 h | +10.9% | +11.0% | $159.4K | 2026-10-29 16:00 |
| Bitunix | BTCUSDC | 0.0099% | 8 h | +10.8% | +7.6% | — | 2026-10-29 16:00 |
| Paradex | BTC-USD-PERP | 0.0097% | 8 h | +10.6% | — | $6.2M | 2026-10-29 16:00 |
| Lighter RH | BTC | 0.0012% | 1 h | +10.5% | +9.2% | $15.9M | 2026-10-29 15:00 |
| Lighter | BTC | 0.0012% | 1 h | +10.5% | +10.4% | $168.3M | 2026-10-29 15:00 |
| Velocity | BTC-PERP | 0.0010% | 1 h | +8.8% | — | $6.5K | 2026-10-29 15:01 |
| Phemex | BTCUSDC | 0.0072% | 8 h | +7.8% | — | $57.3M | 2026-10-29 16:00 |
| Bybit | BTCUSDT | 0.0061% | 8 h | +6.7% | +6.1% | $5.1B | 2026-10-29 16:00 |
| Bitget | BTCUSDT | 0.0058% | 8 h | +6.4% | +8.4% | $3B | 2026-10-29 16:00 |
| Gate | BTC_USDT | 0.0056% | 8 h | +6.1% | +7.6% | $2.4B | 2026-10-29 16:00 |
| Kraken | PF_XBTUSD | 0.0007% | 1 h | +5.7% | +12.3% | $198.4M | 2026-10-29 15:00 |
| Crypto.com | BTCUSD-PERP | 0.0004% | 1 h | +3.1% | +6.3% | $502.3M | 2026-10-29 15:00 |
| Bitfinex | tBTCF0:USTF0 | 0.0009% | 8 h | +1.0% | — | $747.2M | 2026-10-29 16:00 |
| dYdX | BTC-USD | 0.0000% | 1 h | 0.0% | +4.8% | $17.3M | 2026-10-29 15:00 |
| RISEx | BTC/USDC | -0.0005% | 1 h | −4.6% | — | $18M | 2026-10-29 15:00 |
Borrow BTC to sell spot
| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Bitget | 0.22% | — |
| Binance | 0.43% | — |
| Bybit | 0.43% | — |
| OKX | 0.51% | — |
| Gate | 0.61% | $120M |
Lock BTC funding on Pendle Boros
Cost to enter $10,000 of BTC
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Lighter | BTC | 0.4 bp | order-book snapshot, 5 min old |
| Variational | BTC-PERP | 0.5 bp | exchange size quote (RFQ) |
| Lighter RH | BTC | 0.6 bp | order-book snapshot, 58 min old |
| MEXC | BTC_USDT | 2.0 bp | order-book snapshot, 30 min old |
| Extended | BTC-USD | 2.6 bp | order-book snapshot, 54 min old |
| Nado | BTC-PERP_USDT0 | 3.6 bp | order-book snapshot, 56 min old |
| Aster | BTCUSDT | 4.0 bp | order-book snapshot, 7 min old |
| Hyperliquid | BTC | 4.6 bp | order-book snapshot, 21 min old |
| Backpack | BTC_USDC_PERP | 5.0 bp * | order-book snapshot, 13 min old |
| Binance | BTCUSDT | 5.0 bp | live order book |
| OKX | BTC-USDT-SWAP | 5.0 bp | live order book |
| BingX | BTC-USDT | 5.0 bp | order-book snapshot, 25 min old |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees. * fee estimated: the exchange publishes no fee schedule without an account.
More on BTC
Questions
Is BTC funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no BTC pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest BTC funding rate?
BloFin at +24.1% a year (0.0220% every 8 h); the lowest is RISEx at −4.6%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.