· four exchange APIs · rebuilt daily
29 captured days, and what they say about where carry was cheapest.
Across 29 captured days the funding spread between venues averaged 0.0053 percentage points and reached 0.0111 at its widest. The venue that was cheapest to hold on a given day was not always the same one.
Cheapest venue by day: Bybit 11/27, OKX 6/27, MEXC 5/27, Bitget 5/27. Bybit held that position most often.
Bitcoin ranged 75,747.10 to 86,342.10, finishing the period +6.17% from where it started.
Breadth — perpetuals clearing $5M of daily volume — ran between 47 and 103, averaging 80.
Sentiment averaged 67 on the Fear & Greed index, low of 50, high of 78.
| Date | BTC | Funding spread | Cheapest | Liquid | F&G |
|---|---|---|---|---|---|
| 2026-09-01 | 78,651.90 | 0.0000pp | — | 68 | 69 |
| 2026-09-02 | 77,379.10 | 0.0000pp | — | 79 | 63 |
| 2026-09-03 | 77,086.00 | 0.0042pp | bybit | 75 | 65 |
| 2026-09-04 | 81,312.40 | 0.0080pp | bitget | 85 | 74 |
| 2026-09-05 | 79,578.20 | 0.0019pp | bybit | 81 | 73 |
| 2026-09-06 | 79,869.40 | 0.0039pp | okx | 51 | 73 |
| 2026-09-07 | 80,169.00 | 0.0061pp | okx | 65 | 71 |
| 2026-09-08 | 79,027.50 | 0.0025pp | bybit | 75 | 69 |
| 2026-09-09 | 78,733.50 | 0.0051pp | okx | 85 | 66 |
| 2026-09-10 | 77,954.80 | 0.0085pp | bybit | 83 | 69 |
| 2026-09-11 | 76,808.90 | 0.0040pp | mexc | 73 | 56 |
| 2026-09-12 | 77,259.60 | 0.0035pp | okx | 81 | 63 |
| 2026-09-13 | 77,233.80 | 0.0052pp | mexc | 47 | 61 |
| 2026-09-14 | 77,602.30 | 0.0041pp | okx | 74 | 57 |
| 2026-09-15 | 78,066.40 | 0.0031pp | bybit | 85 | 69 |
| 2026-09-16 | 75,747.10 | 0.0039pp | bybit | 89 | 51 |
| 2026-09-17 | 76,369.70 | 0.0030pp | bitget | 81 | 50 |
| 2026-09-18 | 76,362.70 | 0.0111pp | bybit | 78 | 56 |
| 2026-09-19 | 80,991.10 | 0.0080pp | bitget | 99 | 71 |
| 2026-09-20 | 81,223.10 | 0.0000pp | bybit | 72 | 71 |
| 2026-09-21 | 81,531.10 | 0.0043pp | mexc | 71 | 70 |
| 2026-09-22 | 86,342.10 | 0.0038pp | bitget | 98 | 78 |
| 2026-09-24 | 84,359.50 | 0.0062pp | mexc | 103 | 71 |
| 2026-09-25 | 84,559.70 | 0.0090pp | okx | 100 | 71 |
| 2026-09-26 | 84,015.90 | 0.0104pp | bybit | 94 | 74 |
| 2026-09-27 | 84,254.30 | 0.0073pp | bybit | 64 | 70 |
| 2026-09-28 | 84,448.70 | 0.0053pp | bitget | 66 | 74 |
| 2026-09-29 | 83,390.20 | 0.0058pp | mexc | 95 | 73 |
| 2026-09-30 | 83,506.90 | 0.0058pp | bybit | 92 | 71 |