How to hedge Bitcoin

BTC is Bitcoin token.

As BTC is a volatile asset, in certain instances it will require hedging.

The best method of hedging BTC is to use crypto derivatives.
There are multiple of the exchanges serving futures and perpetual swaps.

Choose from the list of hedging options

Bitcoin Futures

When required to hedge the position for the mid-term period (weeks to months) you can use futures.

Exchange Symbol Premium (-)
Discount (+)
Spread Open Intrest 24h Volume Expiry Date
BTCC Futures BTC-QUARTERLY 0.001 0.01 0 387,930,722 31/3/2023
Binance (Futures) BTCUSD_230331 -0.104 0.01 88,261,200 89,090,908 31/3/2023
OKX (Futures) BTC-USD-230630 -0.960 0.01 108,905,900 74,990,689 30/6/2023
Binance (Futures) BTCUSD_230630 -1.024 0.01 90,856,200 63,104,971 30/6/2023
Binance (Futures) BTCUSD_PERP -0.099 0.11 1,635,700 62,305,943 25/12/2100
FTX (Derivatives) BTC-0331 -1.709 0.74 17,744,774 40,056,070 31/3/2023
OKX (Futures) BTC-USDT-230630 -1.092 0.01 33,631,405 36,930,946 30/6/2023
OKX (Futures) BTC-USDT-230331 -0.039 0.02 23,789,568 28,908,048 31/3/2023
OKX (Futures) BTC-USD-230929 -1.949 0.01 35,862,100 28,114,764 29/9/2023
Huobi Futures BTC_CQ 0.202 0.05 2,716,300 27,716,129 31/3/2023
OKX (Futures) BTC-USD-230331 -0.068 0.02 38,904,900 26,582,096 31/3/2023
Deribit BTC-31MAR23 -0.076 0.02 124,529,180 18,299,902 31/3/2023
Huobi Futures BTC_NW 0.124 0.03 273,300 18,277,090 7/4/2023
Huobi Futures BTC_CW 0.694 0.03 6,307,300 16,713,290 31/3/2023
OKX (Futures) BTC-USDT-230929 -1.824 0.01 5,499,625 16,233,898 29/9/2023
Huobi Futures BTC_NW 0.527 0.06 6,181,700 15,411,324 31/3/2023
Huobi Futures BTC_CQ 0.046 0.01 2,046,300 13,475,513 30/6/2023
OKX (Futures) BTC-USDT-230407 -0.206 0.02 868,167 12,022,934 7/4/2023
OKX (Futures) BTC-USD-230407 -0.087 0.01 1,915,000 9,461,247 7/4/2023
Bybit (Futures) BTCUSDM23 -0.863 0.01 21,936,132 5,031,669 30/6/2023
Bybit (Futures) BTCUSDH23 0.016 0.01 4,279,539 4,794,555 31/3/2023
Deribit BTC-30JUN23 -0.732 0.03 57,863,530 1,942,731 30/6/2023
Bybit (Futures) BTCUSDU23 -1.465 0.07 3,090,190 1,248,948 29/9/2023
Deribit BTC-7APR23 -0.213 0.03 1,890,300 896,750 7/4/2023
OKX (Futures) BTC-USDC-230630 -0.946 0.02 0 762,675 30/6/2023
Deribit BTC-29SEP23 -1.426 0.05 39,856,030 437,271 29/9/2023
Deribit BTC-29DEC23 -2.238 0.10 8,533,370 421,692 29/12/2023
OKX (Futures) BTC-USDC-230407 -0.167 0.05 0 311,416 7/4/2023
OKX (Futures) BTC-USDC-230331 -0.065 0.06 0 265,727 31/3/2023
Deribit BTC-28APR23 -0.278 0.06 33,695,920 241,352 28/4/2023
OKX (Futures) BTC-USDC-230929 -1.912 0.05 0 206,234 29/9/2023
Bybit (Futures) BTC-31MAR23 -0.052 0.04 0 101,134 31/3/2023
Bybit (Futures) BTC-29SEP23 -1.846 0.04 0 95,793 29/9/2023
Bybit (Futures) BTC-07APR23 -0.133 0.04 8 93,890 7/4/2023

Bitcoin Perpetual Swaps

Short position for indefinite time is also possible by using perpetual.
Moreover you can earn swaps in particular cases.

Exchange Symbol Premium (-)
Discount (+)
Spread Funding Rate Open Intrest 24h Volume
Binance (Futures) BTCUSDT 0.048 0.01 0.00291 2,865,562,281 11,188,974,500
BTSE (Futures) BTCPFC 0.079 0.01 0.00000 2,470,582,647 55,647,900
Prime XBT BTC/USD 0.000 0.04 0.00000 1,938,366,700 191,531,044
Bybit (Futures) BTCUSDT 0.073 0.01 0.00580 1,464,749,857 2,995,167,912
BTCEX (Futures) BTC-USDT-PERPETUAL 0.023 0.01 0.00750 1,321,650,257 3,282,459,892
Bybit BTCUSDT 0.051 0.01 0.01000 1,073,535,970 3,330,158,640
C-Trade BTCUSDT 0.044 0.01 0.01000 1,056,269,319 48,055,085
BTCEX (Futures) BTC-30SEP22 0.162 0.04 0.00630 981,441,422 846,336,704
Bitget Futures CMT_BTCUSDT 0.008 0.02 -0.00136 650,218,862 2,589,428,358
Bitmart Futures BTCUSDT -0.011 0.02 -0.03000 635,319,009 1,099,763,212
BTCEX (Futures) BTC-24JUN22 0.078 0.06 0.01000 600,632,539 1,089,317,456
AAX Futures BTCUSDTFP 0.000 0.07 0.20459 599,756,558 17
KuCoin Futures XBTUSDTM 0.052 0.01 -0.01840 580,611,173 1,000,159,097
FTX (Derivatives) BTC-PERP -0.605 0.02 0.41280 556,680,218 3,931,839,727
Deribit BTC-PERPETUAL -0.029 0.01 0.00146 539,534,880 203,576,986
Binance (Futures) BTCUSD_PERP 0.060 0.01 0.00616 539,238,800 1,461,132,887
Bybit BTCUSD 0.058 0.01 0.00620 445,125,214 732,610,774
Bybit (Futures) BTCUSD 0.043 0.01 0.01000 432,510,681 520,650,097
Bitfinex (Futures) TBTCF0:USTF0 0.175 0.12 0.00000 413,715,764 72,274,942
Gate.io (Futures) BTC_USDT 0.057 0.01 -0.00130 357,226,881 459,327,491
BitMEX XBTUSD 0.006 0.01 0.00000 343,574,300 405,676,611
BingX (Futures) BTC-USDT -0.005 0.01 -0.01810 343,175,962 546,766,022
ZBG Futures BTC_ZUSD 0.142 0.01 -0.00543 324,272,699 1,120,235
OKEx (Futures) BTC-USDT-SWAP -0.032 0.01 0.00748 295,259,300 4,325,657,815
C-Trade BTCUSD 0.044 0.01 0.01000 290,046,548 8,585,645
BTCMEX BTCUSD 0.084 0.00 0.01000 289,778,991 2,143,017,004
BTCMEX BTCUSDT 0.050 0.00 0.01000 289,778,991 572,722,079
MEXC Global (Futures) BTC_USDT 0.039 0.01 0.00290 272,686,401 1,153,263,704
Binance (Futures) BTCBUSD 0.036 0.01 0.00494 262,531,707 1,297,371,025
OKEx (Futures) BTC-USD-SWAP -0.019 0.01 -0.00814 205,257,500 679,545,460
AAX Futures BTCUSDFP 0.307 4.21 0.04903 194,079,416 274,981,140
BitZ (Futures) 101 0.023 0.12 0.00000 147,712,494 2,328,854,320
Phemex (Futures) BTCUSD 0.048 0.01 0.00867 134,777,107 410,311,319
Bitfinex (Futures) BTCF0:USTF0 -0.054 0.01 0.00000 132,045,013 24,709,354
MXC (Futures) BTC_USD 0.018 0.06 0.02000 111,583,200 1,212
Bitrue (Futures) BTC-USDT 0.091 0.01 0.00295 110,902,387 3,751,191,747
ZBG Futures BTC_USDT 0.099 0.01 -0.00734 105,190,970 1,418,028
WhiteBIT Futures BTC_PERP 0.086 0.02 -0.02358 95,707,314 7,166,770
dYdX Perpetual BTC-USD 0.035 0.01 0.00078 92,497,877 228,107,453
Huobi Futures BTC-USDT 0.085 0.01 -0.03566 87,696,304 252,945,026
BTCEX (Futures) BTC-31MAR23 -0.076 0.01 0.00030 76,111,971 524,528,810
BTCEX (Futures) BTC-30DEC22 0.221 0.02 0.00030 75,710,085 322,017,007
MXC (Futures) BTC_USDT -0.023 0.03 0.00297 63,213,940 113,293,123
Gate.io (Futures) BTC_USD 0.037 0.02 -0.00080 58,001,426 19,773,235
MyCoinStory BTCUSDT -0.016 0.02 0.01000 51,117,733 18,546,549
MCS BTCUSDT -0.159 0.12 0.01000 50,901,999 13,793,324
KuCoin Futures XBTUSDM 0.038 0.01 0.01000 37,636,528 6,867,172
BingX (Futures) BTC-USDC 0.000 0.02 0.01000 36,416,459 240,974,060
Bitforex (Futures) SWAP-USD-BTC 0.044 0.01 -0.01679 34,008,907 1,050,319,764
Huobi Futures BTC-USD 0.039 0.02 0.01000 32,929,100 16,505,145
Phemex BTCUSD -0.058 0.10 0.05913 31,597,323 341,056,663
Kraken (Futures) PI_XBTUSD -0.028 0.01 0.00018 30,469,826 18,358,001
Bitget Futures BTCUSD 0.004 0.01 0.00469 22,994,034 89,974,754
BitZ (Futures) 201 -0.009 0.13 0.00000 17,312,302 268,684,298
BaseFEX BTCUSDT -0.079 0.04 0.01000 17,272,631 18,032,837
Hopex BTCUSDT -2.019 0.00 0.00000 16,394,223 135,611,173
CoinEx (Futures) BTC-USDT -0.088 0.01 -0.00982 13,511,631 107,473,070
Hopex BTCUSD -7.210 0.00 0.00000 9,027,980 81,588,839
dYdX Perpetual PBTC-USDC 0.090 0.05 0.00001 7,554,375 1,121,936
WOO X (Futures) PERP_BTC_USDT -0.002 0.02 0.00040 6,478,847 79,555,925
WOO Network (Futures) PERP_BTC_USDT -0.000 0.02 0.00097 5,930,153 247,467,895
Deribit BTC_USDC-PERPETUAL 0.007 0.01 0.00034 5,552,234 5,955,692
BitZ (Futures) 1 0.055 0.11 0.00000 5,427,012 84,214,110
Kumex XBTUSDM -0.052 0.11 0.01000 4,542,007 12,254,524
HitBTC (Derivatives) BTCUSDT_PERP 0.114 0.02 -0.00378 4,400,573 22,362,089
MEXC Global (Futures) BTC_USD 0.074 0.01 0.00610 4,319,800 1,133
BitMEX BCHUSD -0.071 0.05 0.02690 4,286,551 2,071,978
Bit.com BTC-PERPETUAL 0.197 0.02 0.00000 4,090,270 6,338,440
BIT (Futures) COIN-M:BTC-PERPETUAL -3.651 0.12 0.03575 3,500,109 310,705,040
Bitget Futures BTCUSD_DMCBL_230630 -0.886 0.02 0.00000 3,244,601 1,504,304
Bitget Futures BTCUSD_DMCBL_221230 -0.886 0.02 0.00000 3,244,601 1,504,304
Perpetual protocol BTC_USDC 0.000 0.00 -0.02000 2,913,536 0
Crypto.com Exchange (Futures) BTCUSD-PERP -0.012 0.01 0.00040 2,662,202 51,362,113
BitMax (Futures) BTC-PERP -0.105 0.00 0.04963 2,439,673 7,922,145
BitZ (Futures) BTC_USDT -0.001 0.03 0.00000 2,082,641 11,464,759
Kumex XBTUSDTM 0.058 0.11 0.01000 1,999,642 1,926
Perpetual Protocol BTC_USD 0.000 0.00 0.00003 1,788,186 1,230,392
Drift Protocol BTC-PERP 0.000 0.00 0.00478 1,669,755 714,784
Mango Markets (Derivatives) BTC-PERP -0.092 0.28 0.00583 1,573,348 63
Bithumb (Futures) BTC-PERP -0.099 0.13 0.04236 1,300,023 7,381,074
BigONE Futures BTCUSD 0.034 0.01 0.01000 1,271,055 22,282,046
BigONE Futures BTCUSDT -0.051 0.02 0.01000 1,204,186 101,419,101
CoinEx (Futures) BTC-USD 0.024 0.04 -0.02751 1,000,687 866,847
AscendEX (BitMax) (Futures) BTC-PERP -0.028 0.00 -0.01262 977,054 3,535,651
ZB (Derivatives) BTC_USDT 0.994 0.13 0.01000 848,581 774,149,658
dYdX Perpetual (L1) PBTC-USDC 0.128 77.50 0.00000 843,580 410,367
Bit.com (Futures) COIN-M:BTC-PERPETUAL 0.079 0.03 0.00000 789,320 142,086,793,600
ZB (Derivatives) BTC_QC -0.010 0.06 0.01000 666,061 20,640,169
Bitget Futures BTCUSD_DMCBL_230331 0.016 0.01 0.00000 523,628 723,308
Kraken (Futures) PI_BCHUSD 0.000 0.08 0.31861 503,891 92,806
Bit.com (Futures) BTC-PERPETUAL 0.014 0.06 0.00000 503,410 4,689,380
Bitmart Futures 1 0.048 0.01 -0.00151 416,497 660,863,582
Crypto.com Exchange (Futures) BTCUSD-220325 0.086 0.05 0.00000 415,158 359,471
BaseFEX BTCUSD 0.013 0.04 0.01000 314,593 3,087,350
Crypto.com Exchange (Futures) BTCUSD-220225 0.234 0.22 0.00000 291,801 203,876
Bit.com (Futures) BTC-USDT-PERPETUAL -0.065 0.06 0.00000 243,717 58,703
MCDEX (BSC) BTC-BUSD 0.000 0.80 0.06702 146,347 9,391
CoinFLEX (Futures) BTC-USD-SWAP-LIN 0.000 8.36 0.00000 115,650 252
Powertrade (Derivatives) BTC-USD-PERPETUAL -1.666 0.01 -1.61000 103,417 2,630,008
Crypto.com Exchange (Futures) BTCUSD-211231 0.017 0.11 0.00000 86,159 148,680
Crypto.com Exchange (Futures) BTCUSD-220624 -0.156 0.02 0.00000 70,307 136,184
Bitmart Futures BTCUSD 0.059 0.01 0.01650 66,878 11,181
BitZ (Futures) BTC_USD -0.001 0.08 0.00000 50,787 296,651
Crypto.com Exchange (Futures) BTCUSD-220930 -0.983 0.04 0.00000 44,827 376,080
Crypto.com Exchange (Futures) BTCUSD-220527 -0.093 0.10 0.00000 21,324 18,506
MCDEX (Arbitrum) BTC-USDC -2.771 0.20 -0.00005 18,218 4,556
Crypto.com Exchange (Futures) BTCUSD-220128 0.061 0.10 0.00000 17,046 60,591
Crypto.com Exchange (Futures) BTCUSD-220429 0.054 0.10 0.00000 7,160 7,059
Crypto.com Exchange (Futures) BTCUSD-220729 -0.526 0.05 0.00000 5,735 3,564
Bybit (Futures) BTCPERP 0.029 0.01 0.00770 836 17,614,911
Bit.com (Futures) USD-M:BTC-USD-PERPETUAL 0.143 0.02 0.00000 341 40,440,020
Alpha5 XBTUSD 7.706 0.57 0.00003 292 11,194
BIT (Futures) USD-M:BTC-USD-PERPETUAL -0.030 0.07 0.01000 284 32,122,183
XT.COM (Derivatives) BTC_USDT 0.029 0.00 0.00910 0 9,152,024,214
Biki (Futures) 28 -0.020 0.13 0.00997 0 4,057,314,709
Deepcoin (Derivatives) BTCUSDT 0.025 0.04 -0.02282 0 3,380,392,036
Deepcoin (Derivatives) 4BTCUSDT 0.020 0.01 0.00976 0 3,359,979,966
BTCC Futures BTCUSDT 0.027 0.01 0.00000 0 2,142,255,637
BTCEX (Futures) BTC-25MAR22 -0.302 0.01 0.01000 0 1,631,238,351
HBTC (Futures) BTC-PERP-REV -0.004 0.01 -0.02077 0 1,586,088,571
CoinTiger (Futures) BTCUSDT 0.060 0.01 0.00171 0 1,087,386,652
Bitget Futures CMT_BTCSUSDT -0.003 0.01 -0.01086 0 805,185,697
BHEX (Futures) BTC-PERP-REV -0.014 0.01 -0.01084 0 661,137,486
BHEX (Futures) BTC-PERP-BUSDT -0.014 0.01 0.00422 0 544,266,307
Biki (Futures) 11 -0.022 0.10 0.00993 0 460,193,559
Fairdesk Derivatives BTC-USDT-PERP 0.055 -0.18 0.00000 0 425,087,634
XT.COM (Derivatives) BTC_USD 0.075 0.00 -0.00940 0 364,678,500
Bybit BTCUSDM21 -1.335 0.01 -0.04060 0 329,470,782
BitZ (Futures) BTC_DKKT 2.155 0.07 0.00000 0 297,641,032
Deepcoin (Derivatives) BTCUSD 0.049 0.05 -0.01842 0 210,980,118
Bybit BTCUSDU21 -6.760 0.01 -0.04060 0 205,364,120
HBTC (Futures) BTC-PERP-BUSDT 0.051 0.01 -0.00284 0 203,428,138
BitZ (Futures) 301 0.042 0.12 0.00000 0 186,963,949
Stormgain Futures BTC-PERPUSDT 0.000 0.03 0.00400 0 144,567,946
Biki (Futures) 1 1.440 0.02 -0.16641 0 140,945,714
Biki (Futures) 29 -0.020 0.12 0.01544 0 107,521,811
Biki (Futures) 17 -0.019 0.11 0.01790 0 99,640,498
Binance (Futures) BTCUSDT_210326 -4.217 0.18 0.00000 0 55,708,338
CoinTR Pro (Derivatives) BTCUSDT 0.031 0.00 0.01000 0 49,202,399
Biki (Futures) 16 0.027 0.11 -0.03174 0 43,147,817
GMO Japan (Futures) BTC_JPY 0.000 0.03 0.00000 0 40,898,116
HBTC (Futures) BTC-SWAP -0.019 0.07 -0.00668 0 39,112,668
Bitflyer (Futures) FX_BTC_JPY 0.000 0.06 0.00000 0 33,939,302
HBTC (Futures) BTC-SWAP-USDT -0.064 0.02 0.01014 0 30,321,688
Crypto.com (Futures) BTCUSD-PERP 0.000 0.05 0.00000 0 28,463,889
ZBG Futures BTC_USD-R 0.243 0.01 -0.00638 0 27,563,179
Delta Exchange BTCUSDT -0.176 0.01 0.05600 0 23,882,819
OKX (Futures) BTC-USDC-SWAP -0.019 0.01 -0.01063 0 16,339,333
Biki (Futures) 25 -0.023 0.12 0.00998 0 15,249,112
Bitget Futures BTCPERP_CMCBL 0.056 0.01 -0.01000 0 12,223,964
Biki (Futures) 27 -0.020 0.12 0.00998 0 10,865,415
Biki (Futures) 26 -0.023 0.15 0.00993 0 10,138,308
Biki (Futures) 21 -0.024 0.14 0.00997 0 10,103,314
Biki (Futures) 15 -0.021 0.12 0.00997 0 9,924,614
Delta Exchange BTCUSD -0.116 0.01 0.06750 0 8,511,155
ZBG Futures BTC_USD-R20190927 0.000 0.11 0.00000 0 8,043,860
Biki (Futures) 24 -0.028 0.17 0.00166 0 6,828,717
Biki (Futures) 19 -0.121 0.11 -0.00003 0 6,584,926
Biki (Futures) 18 0.063 0.12 0.01940 0 6,486,261
Injective Exchange (Futures) BTC/USDT PERP 0.224 0.09 0.00760 0 4,008,293
Bibox (Futures) 4BTC_USDT 0.000 0.01 0.00000 0 3,067,250
Helix (Futures) BTC/USDT PERP -0.060 0.01 -0.00120 0 2,124,884
MEXC Global (Futures) BTC_MUSDT 0.035 94.74 0.00000 0 1,156,657
Crypto.com (Futures) BTCUSD-210625 0.000 0.06 0.00000 0 868,907
Globe (Derivatives) BTC-PERP 0.071 0.03 -1.00000 0 620,394
MCDEX (BSC) BTC-USX -0.548 0.00 0.00000 0 561,379
ZBG Futures BTC_USD-R20190628 0.000 0.11 0.00000 0 311,190
Injective Pro (Futures) BTC/USDT PERP -0.451 0.03 0.00040 0 292,561
Biki (Futures) 14 -0.021 0.14 0.00998 0 280,646
Bitfinex (Futures) BTCF0:EUTF0 -0.036 0.04 -0.00526 0 278,814
BHEX (Futures) BTC-SWAP-USDT 0.004 0.12 -0.02497 0 124,255
Crypto.com Exchange (Futures) BTCUSD-210924 0.183 0.13 0.00000 0 114,430
BHEX (Futures) BTC-SWAP 0.052 0.07 -0.01350 0 39,659
MCDEX 00002 0.000 0.00 0.00000 0 34,889
Crypto.com Exchange (Futures) BTCUSD-211126 0.065 0.09 0.00000 0 25,256
EQONEX (Perpetual) 25 -2.339 7.41 -80.48430 0 20,713
Bitmart Futures 32895 0.043 0.03 0.01690 0 15,640
ACDX Futures BTC-PERP -1.082 0.04 0.00000 0 13,950
Crypto.com (Futures) BTCUSD-210924 0.000 0.12 0.00000 0 9,349
Crypto.com (Futures) BTCUSD-211231 0.000 0.24 0.00000 0 8,974
Crypto.com Exchange (Futures) BTCUSD-210625 0.000 0.33 0.00000 0 5,475
MCDEX BTC-USDC -0.369 0.12 0.03156 0 2,262
Liquid Perpetuals P-BTCUSD -1.188 1.19 0.00500 0 1,212
BitZ (Futures) BTC_USDT_BZ -1.676 0.04 0.00000 0 868
Biki (Futures) 2 -0.170 0.11 -0.13722 0 406
DueDEX BTCUSD 0.663 0.00 0.01000 0 134
DueDEX BTCUSDT -2.508 0.00 0.01000 0 126
Liquid Perpetuals P-BTCJPY -2.114 1.00 0.04700 0 105
Binance JEX (Futures) BTCUSDT 0.491 0.86 0.01000 0 10
MCDEX (BSC) BTC-ETH 0.310 0.02 0.00000 0 0
Stormgain Futures BTC-PERPDAI NaN 0.04 0.00400 0 0
Stormgain Futures BTC-PERPUSDC NaN 0.11 0.00400 0 0
Stormgain Futures BTC-PERPUDAI NaN 0.11 0.00400 0 0
Prime XBT BTC/USDC 0.000 0.00 0.00000 0 0
Prime XBT BTC/USDT 0.000 0.00 0.00000 0 0
CoinFLEX (Futures) BTC-USD-SWAP-LIN_LIQ 0.000 0.00 0.00000 0 0
CoinFLEX (Futures) BTC-USD-SWAP-LIN-LIQ 0.000 0.00 0.00000 0 0

Future Contracts on Indexes with Bitcoin embeded

Another way of hedging positions for the mid-term is using future contracts on indexes with the asset price as a component of the the index.

Unfortunatelly, no future contract on index consisting of BTC exists.

Perpetual Swaps on Indexes with Bitcoin component

Sometime the best option to hedge Bitcoin is to short with perpetual contract idefinitely.
Earning swaps can be in some cases crucial for the positioning.

Exchange Symbol Premium (-)
Discount (+)
Spread Funding Rate Open Intrest 24h Volume
BTSE (Futures) BBCXPFC -1.309 0.59 0.00000 0 30,866

Other crypto related Indexes (Perpetual Swaps)

There are several specyfic cryptocurrencies market Indexes which can be considered as a hedge for the trading positions. As Bitcoin take the lion's share of the whole market capitalisation, BTC dominance is one of the most notable.
Even more than on other markets, Bitcoin volatility influences almost all the trading pairs traded with both BTC and altcoins at the same moment.

Exchange Symbol Premium (-)
Discount (+)
Spread Funding Rate Open Intrest 24h Volume
BingX (Futures) BTCDOM-USDT -0.010 0.01 -0.01020 1,288,724 1,856,212
Bitfinex (Futures) BTCDOMF0:USTF0 0.020 0.04 0.00000 305,005 756
Bitfinex (Futures) TBTCDOMF0:USTF0 0.060 0.17 -0.11774 163,844 109,181
Binance (Futures) BTCDOMUSDT 0.123 0.02 0.01000 11,161 6,673,503
BTSE (Futures) BDIPFC -0.143 0.30 0.00000 2,482 41,193
BTSE (Futures) BTCDOMPFC 0.252 0.16 0.00000 0 121,499

Negative correlation with Bitcoin

It can be an awkward exercise to find liquid, negatively correlated altcoins in the cryptocurrency market.

The strongest negatively correlated crypto tokens (returns in USD) in a long term are:

DASH
BTC -0.02

Check correlations with Bitcoin or use a custom form to check BTC changes in correlation coefficient with other token.

Stable coins or non-crypto assets can also be considered for hedging positions.