Loading live market data…
← BACK TO INDEX
8 ROUTES
$79,6440.1bps-0.5bps$2.9B$2.9B
-0.0bps—$628.7M$167.6M
$79,6711.1bps+2.9bps$376.5M$87.9M
$79,649—+0.1bps$122.1M$48.6M
$79,6970.2bps+6.2bps$4.0M-
$79,6900.0bps+5.3bps$252.9K$91.5K
Bitcoin
BTCCRYPTOCrypto majors
PERP: 8 ROUTES
BE THE FIRST TO WATCH
The benchmark onchain asset and deepest crypto collateral market.
- PRICE
- $79,648
- MARKET CAP
- $1.6T
- VOLUME 24H
- $3.7B
- OPEN INTEREST
- $3.2B
- PERP SPREAD
- 0.0bps
- SPOT SPREAD
- Unavailable
- MAX LEVERAGE
- 100x
- PERP VENUES
- 8
Market cap source: coingecko.
PRICE
-
Loading price history...
PERP VENUESHyperliquidLighterVariationalPacificaExtendedVestOstiumPhoenix
MARKET EXPOSURE
PERPETUALS THEN TOKENIZED SPOTPERPETUALS
Venue, price, volume, open interest, funding and leverage.
LINK
HyperliquidBTC
+10.95%APR
0.045%40xTRADEFUNDING RATE
1h+0.0013%
8h+0.0100%
24h+0.0300%
Annualized+10.95%
Settles every1h
Hyperliquid pays on a 1h cycle, not the 8h cross-venue standard. Figures above are normalized.
LighterBTC
+10.51%APR
0.000%50xTRADEFUNDING RATE
1h+0.0012%
8h+0.0096%
24h+0.0288%
Annualized+10.51%
Settles every1h
Lighter pays on a 1h cycle, not the 8h cross-venue standard. Figures above are normalized.
VariationalBTC
+0.0915%APR
0.000%20xTRADEFUNDING RATE
1h+0.0000%
8h+0.0001%
24h+0.0003%
Annualized+0.09%
Settles every8h
P
$79,655—+0.9bps$305.4M$38.1MPacificaBTC
+10.95%APR
—50xNOT ROUTEDFUNDING RATE
1h+0.0013%
8h+0.0100%
24h+0.0300%
Annualized+10.95%
Settles every1h
Pacifica pays on a 1h cycle, not the 8h cross-venue standard. Figures above are normalized.
ExtendedBTC-USD
+8.76%APR
0.025%50xTRADEFUNDING RATE
1h+0.0010%
8h+0.0080%
24h+0.0240%
Annualized+8.76%
Settles every1h
Extended pays on a 1h cycle, not the 8h cross-venue standard. Figures above are normalized.
VestBTC-PERP
+10.95%APR
0.010%50xNOT ROUTEDFUNDING RATE
1h+0.0013%
8h+0.0100%
24h+0.0300%
Annualized+10.95%
Settles every1h
Vest pays on a 1h cycle, not the 8h cross-venue standard. Figures above are normalized.
OstiumBTC
-
—100xTRADEP
$79,692—+5.5bps-$2.6MPhoenixBTC
-
0.035%40xTRADEPERP EXECUTION COST
Where does BTC execute cheapest?
Set your size and direction — we pull the live order book from every venue listing BTC and rank them by all-in cost: spread, depth slippage and venue fee, plus funding carry if you set a holding period. The same trade can cost meaningfully more on the wrong venue.
Trade setup
5 markets found for BTC
$
Order type
Direction
Funding carry
Ready
0
Loading
5
Offline
0
Waiting for venue books
We will rank routes as soon as at least one venue responds.
Venue ranking
Sorted by lowest all-in cost; depth-exhausted books are held back from winning.
0/5 priced
MarketEff. priceSlippageFeeAll-inCost line
1
loading...Hyperliquidchecking
2
loading...Lighterchecking
3
loading...Variationalchecking
4
loading...Vestchecking
5
loading...Ostiumchecking
Effective price folds spread, depth-slippage and base fee into the price you transact at; all-in adds funding over the selected holding period. Books are live snapshots at load time. HIP-3 deployer markets share Hyperliquid infrastructure but are shown as distinct markets. Estimate only, not execution advice.
Open in price aggregatorMEASURED BOOK QUALITY
captured 2026-09-04 · 15:00 UTCVENUESPREADRT $10KRT $100KBOOK
LighterBTC
HyperliquidBTC
HISTORY
BTC volume by venue
LIVE$4.8BHyperliquid 65.2%
All$4.8B