· four exchange APIs · rebuilt daily
14 captured days, and what they say about where carry was cheapest.
Across 14 captured days the funding spread between venues averaged 0.0044 percentage points and reached 0.0128 at its widest. The venue that was cheapest to hold on a given day was not always the same one.
Cheapest venue by day: Bitget 5/14, Bybit 4/14, OKX 3/14, MEXC 2/14. Bitget held that position most often.
Bitcoin ranged 68,288.40 to 80,666.50, finishing the period -11.86% from where it started.
Breadth — perpetuals clearing $5M of daily volume — ran between 44 and 123, averaging 86.
Sentiment averaged 30 on the Fear & Greed index, low of 13, high of 50.
| Date | BTC | Funding spread | Cheapest | Liquid | F&G |
|---|---|---|---|---|---|
| 2026-11-01 | 77,477.40 | 0.0019pp | bybit | 52 | 34 |
| 2026-11-02 | 78,067.70 | 0.0037pp | bitget | 61 | 37 |
| 2026-11-03 | 76,920.60 | 0.0000pp | bybit | 99 | 26 |
| 2026-11-04 | 77,355.60 | 0.0018pp | bitget | 88 | 34 |
| 2026-11-05 | 80,666.50 | 0.0099pp | bitget | 112 | 50 |
| 2026-11-06 | 76,244.50 | 0.0128pp | bybit | 123 | 28 |
| 2026-11-07 | 75,918.10 | 0.0058pp | bitget | 102 | 25 |
| 2026-11-08 | 75,784.00 | 0.0046pp | mexc | 44 | 28 |
| 2026-11-09 | 75,020.10 | 0.0047pp | okx | 74 | 29 |
| 2026-11-10 | 75,216.00 | 0.0065pp | okx | 89 | 32 |
| 2026-11-11 | 73,662.20 | 0.0018pp | mexc | 91 | 29 |
| 2026-11-12 | 74,004.00 | 0.0029pp | bitget | 85 | 28 |
| 2026-11-13 | 71,284.00 | 0.0000pp | bybit | 93 | 20 |
| 2026-11-14 | 68,288.40 | 0.0058pp | okx | 90 | 13 |