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
Binance (Futures) BTCUSD_PERP -0.099 0.11 1,635,700 62,305,943 25/12/2100

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
Bitrue (Futures) BTC-USDT 0.039 0.01 0.00508 38,732,378,667 3,223,516,957
BYDfi (Futures) BTC-PERPUSDT 0.078 0.01 0.00950 22,315,395,040 5,871,535,452
Coincall BTC-USD 0.039 0.01 0.00950 9,373,823,782 52,693,635
Binance (Futures) BTCUSDT 0.072 0.01 0.00078 8,012,024,940 18,079,828,698
Gate.io (Futures) BTC_USDT 0.052 0.01 0.00360 7,556,682,613 8,854,491,786
Gate (Futures) BTC_USDT 0.053 0.01 0.00110 6,398,580,866 6,428,587,635
Bybit (Futures) BTCUSDT 0.044 0.01 0.00142 5,626,230,989 8,864,806,574
CoinW (Futures) BTC/USDT 0.000 0.01 0.00060 5,275,001,574 11,906,139,634
OrangeX Futures BTC-USDT-PERPETUAL 0.254 0.00 0.01440 5,094,869,269 13,408,496,190
Deepcoin (Derivatives) BTCUSDT 0.099 0.01 0.01095 4,454,700,565 11,228,405,980
Bitmart Futures BTCUSDT 0.048 0.01 0.00829 4,286,377,636 10,156,730,579
HTX Futures BTC-USDT 0.057 0.01 0.00649 4,108,773,813 1,012,895,059
Coincatch Derivatives BTCUSDT_UMCBL 0.048 0.01 0.00886 3,452,745,132 9,870,414,980
WEEX (Futures) BTC-USDT 0.000 0.01 0.00004 3,195,293,701 8,293,027,392
Hyperliquid (Futures) BTC-USD 0.057 0.02 0.00078 2,896,221,803 3,641,258,032
MEXC (Futures) BTC_USDT 0.052 0.01 0.00080 2,410,777,919 5,678,616,447
Binance (Futures) BTCUSD_PERP 0.075 0.01 0.00284 2,326,130,100 1,931,980,710
WhiteBIT Futures BTC_PERP 0.062 0.01 0.01000 2,005,010,063 1,635,453,143
BTSE (Futures) BTCPFC 0.092 0.01 0.00000 1,738,516,781 466,080,802
Prime XBT BTC/USD 0.000 0.02 0.00000 1,624,076,700 40,063,304
Bybit (Futures) BTCUSD 0.044 0.01 0.00201 1,554,387,897 591,018,012
BVOX (Futures) BTC-SWAP-USDT 0.000 0.01 0.03664 1,361,377,001 5,242,443,963
PrimeXBT BTC/USD 0.000 0.01 0.00000 1,360,393,900 59,671,884
Toobit Futures BTC-SWAP-USDT 0.058 0.01 0.00113 1,218,903,076 6,601,581,288
BitVenus Futures BTC-SWAP-USDT 0.000 0.01 0.00676 1,171,627,977 4,231,456,379
PrimeXBT BTC/USDT -0.020 0.00 0.00600 1,155,495,617 2,027,814,423
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
Deribit BTC-PERPETUAL 0.017 0.01 -0.00010 1,040,162,780 544,351,856
Bitunix Futures BTC_USDT 0.046 0.01 0.00674 1,017,736,467 2,018,818,087
BTCEX (Futures) BTC-30SEP22 0.162 0.04 0.00630 981,441,422 846,336,704
BingX (Futures) BTC-USDT 0.046 0.01 0.00140 908,374,730 1,066,250,056
LBank (Futures) BTCUSDT 0.033 0.01 0.00060 800,982,751 668,537,608
Bitfinex (Futures) BTCF0:USTF0 -0.066 0.02 0.00688 724,057,891 41,808,104
Binance (Futures) BTCUSDC 0.079 0.01 -0.00319 674,488,968 2,726,441,192
Coincatch Derivatives BTCUSD_DMCBL 0.032 0.02 0.03480 661,678,842 887,449,946
Bitget Futures CMT_BTCUSDT 0.008 0.02 -0.00136 650,218,862 2,589,428,358
Crypto.com Exchange (Futures) BTCUSD-PERP -0.010 0.01 -0.00105 648,876,539 1,367,634,103
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
XT.COM (Derivatives) BTC_USDT 0.068 0.01 -0.00731 596,816,913 2,628,507,181
Zoomex (Futures) BTC-USDT 0.048 0.01 -0.00040 564,383,319 3,179,193,680
FTX (Derivatives) BTC-PERP -0.605 0.02 0.41280 556,680,218 3,931,839,727
KuCoin Futures XBTUSDTM 0.011 0.01 0.00580 555,494,175 588,917,430
Blofin BTC-USDT 0.000 0.01 0.00243 553,791,073 4,025,260,254
CoinTR Pro (Derivatives) BTCUSDT 0.033 0.00 -0.00600 518,229,292 1,530,139,711
Bitmart Futures BTCUSDC 0.063 0.01 0.01030 471,243,550 278,420,022
Bybit BTCUSD 0.058 0.01 0.00620 445,125,214 732,610,774
Toobit Futures BTC-SWAP-USDC 0.059 0.01 0.00514 440,373,972 2,402,054,450
BloFin (Futures) BTC-USDT 0.000 0.01 0.01439 418,658,003 588,438,879
Bitfinex (Futures) TBTCF0:USTF0 0.175 0.12 0.00000 413,715,764 72,274,942
BitMEX XBTUSD 0.006 0.01 0.00000 343,574,300 405,676,611
ZBG Futures BTC_ZUSD 0.142 0.01 -0.00543 324,272,699 1,120,235
MEXC Global (Futures) BTC_USDT 0.057 0.01 0.00650 320,647,100 1,776,779,067
BTCEX (Futures) BTC-USDT-PERPETUAL -0.002 0.01 0.01130 302,634,235 5,394,013,060
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
BingX (Futures) BTC-USD 0.093 0.01 0.00550 272,692,788 885,611,400
KCEX (Futures) BTC_USDT 0.050 0.00 0.00510 251,219,454 6,778,989,590
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
Bitget Futures BTCPERP_CMCBL 0.047 0.01 0.00300 134,198,258 136,527,981
XT.COM (Derivatives) BTC_USD 0.074 0.01 -0.00880 125,034,000 1,156,107,000
Bitforex (Futures) SWAP-USD-BTC -0.034 0.01 0.01631 121,995,305 513,073,592
dYdX Perpetual BTC-USD -0.021 0.01 0.00127 117,728,497 73,914,013
dYdX Chain (Cosmos) BTC-USD -0.029 0.00 0.00248 114,587,005 164,541,379
MXC (Futures) BTC_USD 0.018 0.06 0.02000 111,583,200 1,212
Hyperliquid BTC-USD 0.017 0.01 0.00044 109,695,569 310,749,542
ZBG Futures BTC_USDT 0.099 0.01 -0.00734 105,190,970 1,418,028
BTSE (Futures) BTC-PERP 0.007 0.01 0.01010 103,920,866 376,909,800
BYDfi (Futures) BTC-PERPUSD 0.219 0.01 0.00363 100,228,840 1,546,189,788
MEXC (Futures) BTC_USD 0.045 0.01 -0.00370 88,318,800 46,483,046
Phemex (Futures) BTC-PERPUSDT 0.049 0.01 -0.00225 87,319,260 89,300,342
CoinEx (Futures) BTC-USDT 0.011 0.01 0.00000 86,807,381 222,331,747
Fairdesk Derivatives BTC-USDT-PERP 0.014 -0.13 0.01000 86,311,432 1,316,955,715
KuCoin Futures XBTUSDM -0.023 0.01 -0.00340 85,048,659 7,133,890
Phemex (Futures) BTCUSD 0.027 0.01 0.01000 83,598,314 696,132,762
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
Huobi Futures BTC-USDT 0.021 0.01 0.00655 74,048,027 665,283,615
DexToro BTC-PERP 0.027 0.00 8.48994 69,210,129 4,903
dYdX Chain BTC-USD -0.006 0.00 -0.00046 66,632,063 303,697,344
Bybit (Futures) BTCPERP 0.047 0.02 0.00293 65,277,760 77,655,221
OX.FUN BTC-USD-SWAP-LIN -0.645 0.01 0.00000 63,351,560 161,159,303
MXC (Futures) BTC_USDT -0.023 0.03 0.00297 63,213,940 113,293,123
BingX (Futures) BTC-USDC 0.241 0.01 0.00980 62,160,696 72,940,555
Biconomy (Futures) BTC_USDT 0.022 0.00 0.01010 60,674,910 2,840,447,312
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
Bitget Futures BTCUSD_DMCBL_250328 -2.193 0.01 0.00000 50,031,819 3,237,695
Stormgain Futures BTC-PERPUSDT 0.000 0.03 0.00400 45,097,933 19,527,775
Globe (Derivatives) BTC-PERP -0.023 0.04 0.00000 44,249,487 3,020,975
Drift Protocol BTC-PERP 0.000 0.00 0.00001 42,793,238 46,392,519
Gate.io (Futures) BTC_USD 0.020 0.06 0.01000 42,670,270 36,102,514
Bitget Futures BTCUSD_DMCBL_241227 -1.573 0.01 0.00000 42,117,500 4,360,592
MUFEX M1BTCUSDT 2.704 0.02 -0.05000 41,742,343 504,900,388
HTX Futures BTC-USD 0.007 0.02 0.01000 37,618,700 24,029,587
Ourbit (Futures) BTC_USDT 0.054 0.01 0.01000 35,947,899 14,040,121,374
Flipster BTC-USDT.PERP 0.028 0.03 0.01000 34,751,689 201,521,555
HashKey Global (Futures) BTCUSDT-PERPETUAL -0.008 0.01 0.01000 34,172,502 74,232,953
Huobi Futures BTC-USD 0.069 0.01 -0.01601 33,280,700 43,786,544
Kwenta Derivatives BTC-PERP 0.000 0.00 0.00000 32,519,272 16,416,430
Phemex BTCUSD -0.058 0.10 0.05913 31,597,323 341,056,663
Bitget Futures BTCUSD_DMCBL_240628 -0.721 0.01 0.00000 29,892,045 8,417,884
Binance (Futures) BTCBUSD 0.041 0.01 0.01000 29,107,154 99,226,956
dYdX Perpetual (Ethereum) BTC-USD -0.087 0.77 0.02598 26,626,042 13,895,695
SphereX BTC-USDT 0.276 0.20 0.00050 23,869,330 35,040
ApeX Pro BTCUSDC -0.114 0.01 0.00125 23,672,835 77,313,252
Bitget Futures BTCUSD 0.004 0.01 0.00469 22,994,034 89,974,754
MUFEX BTCUSDT 0.051 0.02 0.01000 18,367,562 552,307,452
WOO X (Futures) PERP_BTC_USDT 0.013 0.01 -0.00674 17,690,756 136,376,377
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
GMX Derivatives (Avalanche) BTC_USD 0.000 0.00 0.00000 15,573,496 170,105
Bitget Futures BTCUSD_DMCBL_240927 -0.016 0.01 0.00000 14,909,656 2,485,886
RabbitX BTC-USD -0.026 0.02 0.00408 14,698,692 104,102,615
CoinEx (Futures) BTC-USD -0.024 0.03 0.01070 14,067,530 3,691,146
Kraken (Futures) PI_XBTUSD 0.072 0.03 0.00000 12,562,123 1,417,926
OKX (Futures) BTC-USDC-SWAP 0.004 0.01 0.00590 12,033,089 10,178,085
GMX Derivatives (Arbitrum) BTC_USD 0.000 0.00 0.00000 10,134,202 5,403,516
Hopex BTCUSD -7.210 0.00 0.00000 9,027,980 81,588,839
ApeX Pro BTCUSDT -0.033 0.02 0.00125 8,770,358 71,193,064
HitBTC (Derivatives) BTCUSDT_PERP -0.016 0.01 -0.02074 8,381,006 4,305,565
Deribit BTC_USDC-PERPETUAL 0.005 0.03 -0.00083 8,051,551 19,116,813
MEXC Global (Futures) BTC_USD 0.040 0.01 0.01000 7,838,100 1,783
Equation BTC-USDT -0.001 0.00 0.00125 7,827,920 55,791,198
Aevo BTC-PERP 0.000 0.01 0.00220 7,725,229 33,056,305
dYdX Perpetual PBTC-USDC 0.090 0.05 0.00001 7,554,375 1,121,936
WOO Network (Futures) PERP_BTC_USDT -0.000 0.02 0.00097 5,930,153 247,467,895
BitZ (Futures) 1 0.055 0.11 0.00000 5,427,012 84,214,110
Gemini Derivatives BTCGUSDPERP -0.330 0.04 7.19455 5,102,698 5,126,686
Kumex XBTUSDM -0.052 0.11 0.01000 4,542,007 12,254,524
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
Levana Perps (Osmosis) BTC_USD 0.000 0.00 42.29814 3,663,717 23,153
BIT (Futures) COIN-M:BTC-PERPETUAL 2.758 0.11 0.00000 3,452,014 2,665,286,386
Kine Protocol (Derivatives) BTC-PERP 0.000 0.00 -0.01870 3,416,738 61,016,415
Perpetual protocol BTC_USDC 0.000 0.00 -0.02000 2,913,536 0
Bitget Futures BTCUSD_DMCBL_240329 -1.560 0.01 0.00000 2,736,983 778,954
Perpetual Protocol BTC_USD 0.000 0.00 0.00008 2,465,551 2,084,651
BitMax (Futures) BTC-PERP -0.105 0.00 0.04963 2,439,673 7,922,145
Bitget Futures BTCUSD_DMCBL_221230 -0.240 0.01 0.00000 2,369,221 714,737
Paradex BTC-USD-PERP -0.044 0.01 0.05483 2,271,081 99,476,809
AscendEX (BitMax) (Futures) BTC-PERP 0.007 0.00 -0.02600 2,137,177 9,012,799,813
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
Helix (Futures) BTC/USDT PERP -0.117 0.03 0.00570 1,986,843 40,124,108
Mango Markets (Derivatives) BTC-PERP -0.092 0.28 0.00583 1,573,348 63
Bitget Futures BTCUSD_DMCBL_230331 -1.312 0.02 0.00000 1,314,696 861,703
Bithumb (Futures) BTC-PERP -0.099 0.13 0.04236 1,300,023 7,381,074
BigONE Futures BTCUSD -0.170 0.02 0.01000 1,248,981 13,918,000
Bitget Futures BTCUSD_DMCBL_230630 0.176 0.01 0.00000 1,176,979 1,122,873
Bitget Futures BTCUSD_DMCBL_231229 -0.735 0.02 0.00000 1,074,488 1,617,290
BigONE Futures BTCUSDT -0.194 0.02 0.00000 952,887 60,790,167
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
Opnx Derivatives BTC-USDT-SWAP-LIN -0.195 0.00 0.00008 620,475 36,257,873
Powertrade (Derivatives) BTC-USD-PERPETUAL -0.214 0.04 0.73000 618,883 147
Holdstation DeFutures BTC - USD 0.000 0.00 -0.00000 570,501 8,988,487
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
Bitget Futures BTCUSD_DMCBL_230929 0.051 0.02 0.00000 186,579 753,334
MCDEX (BSC) BTC-BUSD 0.000 0.80 0.06702 146,347 9,391
Crypto.com Exchange (Futures) BTCUSD-211231 0.017 0.11 0.00000 86,159 148,680
Orderly Network (Derivatives) BTC-PERP -0.074 0.02 0.01009 75,163 478,341
Kraken (Futures) PI_BCHUSD -0.344 0.18 0.00001 74,467 37,269
Crypto.com Exchange (Futures) BTCUSD-220624 -0.156 0.02 0.00000 70,307 136,184
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
Bitmart Futures BTCUSD 0.043 0.01 0.01000 21,518 47,186
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
Phemex (Futures) BTC-PERPUSD 0.082 0.01 -0.04619 3,587 173,080,313
Phemex (Futures) BTC-PERP 0.081 0.01 -0.01589 3,032 246,323,841
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
Opnx Derivatives BTC-OUSD-SWAP-LIN 0.078 0.00 -0.00001 32 58,727,194
BIT (Futures) USD-M:BTC-USD-PERPETUAL -1.636 0.06 0.01000 3 1,223,785
BTCC Futures BTCUSDT -0.011 0.02 0.00000 0 4,273,868,271
Biki (Futures) 28 -0.020 0.13 0.00997 0 4,057,314,709
Deepcoin (Derivatives) 4BTCUSDT 0.053 0.02 -0.00147 0 2,865,237,954
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 0.061 0.01 0.00103 0 1,507,591,401
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
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
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
Deepcoin (Derivatives) BTCUSD 0.024 0.01 0.01202 0 157,977,253
BitMake Futures BTCUSDT 0.003 0.01 0.00000 0 144,180,686
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
Bitflyer (Futures) FX_BTC_JPY 0.000 0.03 0.00000 0 64,803,109
Binance (Futures) BTCUSDT_210326 -4.217 0.18 0.00000 0 55,708,338
GMO Japan (Futures) BTC_JPY 0.000 0.02 0.00000 0 48,329,400
Toobit Derivatives BTC-SWAP-USDT 0.046 0.01 0.01000 0 43,968,533
Biki (Futures) 16 0.027 0.11 -0.03174 0 43,147,817
HBTC (Futures) BTC-SWAP -0.019 0.07 -0.00668 0 39,112,668
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
Biki (Futures) 25 -0.023 0.12 0.00998 0 15,249,112
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
AQX (Derivatives) BTC-USDT.PERP 0.013 0.02 0.01000 0 6,775,953
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 2,521,360
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
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 0.019 0.05 0.00165 0 160,162
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
CoinEx (Futures) BTC-USDC -0.237 0.11 -0.23637 0 18,258
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
CoinFLEX (Futures) BTC-USD-SWAP-LIN 0.000 37.00 0.00000 0 5,757
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 -0.003 0.01 -0.01020 542,271 1,355,399
Bitfinex (Futures) BTCDOMF0:USTF0 0.095 0.15 -0.05461 502,413 259,229
Bitfinex (Futures) TBTCDOMF0:USTF0 0.060 0.17 -0.11774 163,844 109,181
Binance (Futures) BTCDOMUSDT 0.072 0.01 -0.02318 3,779 1,738,556
BTSE (Futures) BDIPFC -0.143 0.30 0.00000 2,482 41,193
BTSE (Futures) BTCDOMPFC 0.600 3.35 0.00000 0 5,990,922

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.