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.
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 |
|---|---|---|---|---|---|---|
| Huobi Futures | BTC_CQ | -0.261 | 0.10 | 308,458,700 | 1,684,883,784 | 26/5/2020 |
| Huobi Futures | BTC_CQ | -2.282 | 0.10 | 444,289,500 | 916,817,622 | 25/8/2020 |
| OKEx (Futures) | BTC-USD-200925 | -2.187 | 0.00 | 522,563,800 | 534,328,900 | 25/8/2020 |
| OKEx (Futures) | BTC-USD-200807 | -0.095 | 0.00 | 80,476,300 | 289,571,000 | 7/7/2020 |
| Huobi Futures | BTC_CW | -0.069 | 0.10 | 43,835,800 | 282,691,016 | 31/6/2020 |
| OKEx (Futures) | BTC-USD-200731 | -0.131 | 0.00 | 69,186,800 | 250,971,400 | 31/6/2020 |
| Huobi Futures | BTC_CW | -0.332 | 0.11 | 137,295,400 | 241,553,307 | 26/5/2020 |
| Huobi Futures | BTC_NW | -0.300 | 0.10 | 9,633,600 | 224,095,352 | 12/5/2020 |
| Huobi Futures | BTC_CW | -0.116 | 0.10 | 26,371,100 | 190,752,911 | 19/5/2020 |
| OKEx (Futures) | BTC-USD-200626 | -0.126 | 0.00 | 157,190,500 | 182,718,100 | 26/5/2020 |
| Huobi Futures | BTC_NW | -0.022 | 0.13 | 12,213,600 | 166,384,521 | 19/5/2020 |
| Huobi Futures | BTC_CW | -0.131 | 0.10 | 41,739,500 | 165,223,718 | 7/7/2020 |
| OKEx (Futures) | BTC-USD-200619 | -0.102 | 0.00 | 39,836,500 | 155,258,700 | 19/5/2020 |
| OKEx (Futures) | BTC-USD-200612 | -0.066 | 0.00 | 44,895,900 | 147,802,200 | 12/5/2020 |
| OKEx (Futures) | BTC-USD-200605 | -0.056 | 0.00 | 55,443,800 | 139,561,700 | 5/5/2020 |
| Huobi Futures | BCH_CQ | -0.120 | 0.12 | 22,037,510 | 138,946,163 | 26/5/2020 |
| Huobi Futures | BTC_CW | -0.101 | 0.10 | 24,609,800 | 138,729,393 | 5/5/2020 |
| Huobi Futures | BTC_NW | -0.472 | 0.10 | 47,767,500 | 137,008,075 | 7/7/2020 |
| Huobi Futures | BTC_NW | -0.064 | 0.10 | 17,728,400 | 129,281,204 | 3/6/2020 |
| Huobi Futures | BTC_NW | 0.105 | 0.10 | 17,986,000 | 127,471,700 | 10/6/2020 |
| Huobi Futures | BTC_CW | -0.066 | 0.10 | 22,692,400 | 126,247,284 | 10/6/2020 |
| Huobi Futures | BTC_NW | -0.206 | 0.10 | 205,928,500 | 113,318,122 | 26/5/2020 |
| Huobi Futures | BTC_CW | -0.008 | 0.10 | 16,092,100 | 112,520,598 | 12/5/2020 |
| Huobi Futures | BTC_NW | -0.126 | 0.10 | 17,562,100 | 106,123,045 | 17/6/2020 |
| Huobi Futures | BTC_CW | -0.124 | 0.10 | 67,660,500 | 105,691,158 | 14/7/2020 |
| Huobi Futures | BTC_CW | -0.031 | 0.10 | 27,030,700 | 99,214,901 | 3/6/2020 |
| OKEx (Futures) | BTC-USD-201225 | -3.825 | 0.00 | 132,113,500 | 97,570,000 | 25/11/2020 |
| Huobi Futures | BTC_CW | -0.010 | 0.10 | 30,924,200 | 94,230,115 | 24/6/2020 |
| Huobi Futures | BTC_NW | -0.341 | 0.11 | 52,250,100 | 85,759,387 | 14/7/2020 |
| Huobi Futures | BCH_CQ | -2.425 | 0.10 | 30,039,680 | 84,432,256 | 25/8/2020 |
| Huobi Futures | BTC_NW | -0.231 | 0.10 | 25,495,700 | 81,662,574 | 31/6/2020 |
| Binance (Futures) | BTCUSD_200925 | -2.111 | 0.10 | 29,013,100 | 77,079,446 | 25/8/2020 |
| Huobi Futures | BCH_CW | -0.058 | 0.10 | 1,850,680 | 76,356,717 | 12/5/2020 |
| Huobi Futures | BTC_NW | -0.181 | 0.10 | 14,469,700 | 76,061,497 | 24/6/2020 |
| OKEx (Futures) | BTC-USD-200710 | -0.058 | 0.00 | 55,221,900 | 72,924,800 | 10/6/2020 |
| OKEx (Futures) | BTC-USD-200703 | -0.009 | 0.00 | 50,152,500 | 72,506,200 | 3/6/2020 |
| OKEx (Futures) | BTC-USD-200814 | -0.197 | 0.00 | 98,866,400 | 69,665,600 | 14/7/2020 |
| Huobi Futures | BTC_CW | -0.067 | 0.10 | 19,580,500 | 63,699,144 | 17/6/2020 |
| Huobi Futures | BCH_CW | -0.206 | 0.10 | 6,078,420 | 63,268,290 | 26/5/2020 |
| OKEx (Futures) | BTC-USD-200724 | -0.008 | 0.00 | 53,797,600 | 59,825,100 | 24/6/2020 |
| OKEx (Futures) | BCH-USD-200925 | -2.181 | 0.00 | 24,185,950 | 54,029,230 | 25/8/2020 |
| Huobi Futures | BCH_NW | -0.140 | 0.18 | 1,350,010 | 48,402,275 | 19/5/2020 |
| CME Bitcoin Futures | BTCN0 | 0.000 | 0.00 | 0 | 44,484,325 | 31/6/2020 |
| OKEx (Futures) | BTC-USD-200821 | -0.535 | 0.00 | 27,705,300 | 44,038,000 | 21/7/2020 |
| Huobi Futures | BCH_CW | -0.273 | 0.10 | 2,047,490 | 43,340,024 | 19/5/2020 |
| Huobi Futures | BCH_NW | -0.401 | 0.13 | 14,451,880 | 38,364,816 | 26/5/2020 |
| OKEx (Futures) | BTC-USD-200717 | -0.108 | 0.00 | 40,505,700 | 33,851,900 | 17/6/2020 |
| Bakkt | 6137645 | 0.000 | 0.00 | 0 | 32,347,880 | |
| Huobi Futures | BTC_NW | -0.448 | 0.10 | 21,677,600 | 32,259,428 | 21/7/2020 |
| Bakkt | 6137618 | 0.000 | 0.00 | 0 | 31,826,963 | |
| OKEx (Futures) | BCH-USD-200807 | -0.208 | 0.00 | 2,313,420 | 30,218,660 | 7/7/2020 |
| Deribit | BTC-26JUN20 | -0.085 | 0.11 | 22,137,950 | 28,799,232 | 26/5/2020 |
| BitMEX | XBTM20 | -0.160 | 0.11 | 39,141,723 | 28,187,963 | 26/5/2020 |
| CME Bitcoin Futures | BTCQ0 | 0.000 | 0.00 | 0 | 28,177,175 | 28/7/2020 |
| FTX (Derivatives) | BTC-0626 | -0.274 | 0.15 | 7,999,804 | 27,479,676 | 26/5/2020 |
| Huobi Futures | BCH_NW | -0.260 | 0.10 | 1,309,110 | 25,522,634 | 3/6/2020 |
| BitMEX | XBTZ20 | -3.184 | 0.10 | 114,112,783 | 24,553,808 | 25/11/2020 |
| Huobi Futures | BCH_CW | -0.202 | 0.10 | 3,446,320 | 23,744,439 | 31/6/2020 |
| BitMEX | XBTU20 | -1.678 | 0.10 | 168,270,310 | 23,080,019 | 25/8/2020 |
| Huobi Futures | BCH_CW | -0.352 | 0.12 | 2,996,580 | 22,989,916 | 7/7/2020 |
| Binance (Futures) | BTCUSD_201225 | -4.228 | 0.10 | 8,590,500 | 22,303,619 | 25/11/2020 |
| Huobi Futures | BCH_NW | -0.248 | 0.18 | 1,363,650 | 21,925,278 | 12/5/2020 |
| Huobi Futures | BTC_NQ | -3.722 | 0.14 | 36,605,200 | 18,608,151 | 25/11/2020 |
| Huobi Futures | BCH_CW | -0.064 | 0.10 | 2,266,940 | 18,009,430 | 10/6/2020 |
| Huobi Futures | BCH_CW | -0.181 | 0.10 | 2,402,370 | 17,802,766 | 5/5/2020 |
| OKEx (Futures) | BCH-USD-200731 | -0.297 | 0.00 | 1,990,760 | 14,523,370 | 31/6/2020 |
| Huobi Futures | BCH_CW | 0.075 | 0.10 | 1,833,550 | 13,000,943 | 3/6/2020 |
| OKEx (Futures) | BCH-USD-201225 | -3.778 | 0.00 | 8,728,440 | 11,414,450 | 25/11/2020 |
| Deribit | BTC-25SEP20 | -1.729 | 0.13 | 81,607,430 | 11,229,631 | 25/8/2020 |
| Huobi Futures | BCH_CW | -0.100 | 0.11 | 2,089,900 | 10,977,052 | 17/6/2020 |
| Huobi Futures | BCH_CW | -0.109 | 0.14 | 1,579,810 | 10,415,583 | 24/6/2020 |
| Huobi Futures | BTC_NQ | -1.914 | 0.14 | 60,991,600 | 8,606,385 | 19/5/2020 |
| OKEx (Futures) | BCH-USD-200814 | -0.423 | 0.00 | 2,929,500 | 8,586,790 | 14/7/2020 |
| OKEx (Futures) | BCH-USD-200612 | -0.078 | 0.00 | 1,054,680 | 8,278,620 | 12/5/2020 |
| Huobi Futures | BCH_NW | -0.678 | 0.14 | 2,519,610 | 7,921,648 | 14/7/2020 |
| OKEx (Futures) | BCH-USD-200626 | 0.030 | 0.00 | 4,235,560 | 7,232,830 | 26/5/2020 |
| CME Bitcoin Futures | BTCV0 | 0.000 | 0.00 | 0 | 6,796,500 | 30/9/2020 |
| OKEx (Futures) | BCH-USD-200710 | -0.099 | 0.00 | 1,311,660 | 6,402,410 | 10/6/2020 |
| FTX (Derivatives) | BTC-0925 | -2.098 | 0.16 | 32,847,968 | 6,044,919 | 25/8/2020 |
| OKEx (Futures) | BCH-USD-200724 | -0.125 | 0.00 | 1,043,480 | 5,852,080 | 24/6/2020 |
| OKEx (Futures) | BCH-USD-200619 | -0.139 | 0.00 | 961,810 | 5,639,400 | 19/5/2020 |
| Huobi Futures | BCH_NW | -0.010 | 0.16 | 1,362,440 | 5,238,819 | 10/6/2020 |
| Kraken (Futures) | FI_XBTUSD_200731 | -0.005 | 0.18 | 0 | 5,048,982 | 31/6/2020 |
| OKEx (Futures) | BCH-USD-200605 | -0.168 | 0.00 | 1,180,860 | 4,912,440 | 5/5/2020 |
| OKEx (Futures) | BCH-USD-200703 | -0.011 | 0.00 | 1,058,780 | 4,749,380 | 3/6/2020 |
| Huobi Futures | BCH_NQ | -4.168 | 0.12 | 9,993,980 | 4,714,589 | 25/11/2020 |
| Bakkt | 6137595 | 0.000 | 0.00 | 0 | 4,712,960 | |
| CME Bitcoin Futures | BTCU0 | 0.000 | 0.00 | 0 | 4,341,675 | 25/8/2020 |
| Huobi Futures | BCH_NW | -0.720 | 0.17 | 2,714,620 | 3,588,059 | 7/7/2020 |
| Delta Exchange | BTCUSD_26JUN | 0.018 | 0.11 | 0 | 3,351,795 | |
| FTX (Derivatives) | BTC-1225 | -3.791 | 0.19 | 10,298,338 | 3,066,258 | 25/11/2020 |
| OKEx (Futures) | BCH-USD-200821 | -0.824 | 0.00 | 712,970 | 2,858,710 | 21/7/2020 |
| Huobi Futures | BCH_NW | -0.283 | 0.12 | 1,420,800 | 2,806,878 | 17/6/2020 |
| Huobi Futures | BCH_NW | -0.189 | 0.13 | 1,758,660 | 2,769,038 | 31/6/2020 |
| Deribit | BTC-25DEC20 | -3.589 | 0.13 | 26,698,310 | 2,766,841 | 25/11/2020 |
| Huobi Futures | BCH_NQ | -1.343 | 0.18 | 6,099,160 | 2,548,557 | 19/5/2020 |
| OKEx (Futures) | BCH-USD-200717 | -0.175 | 0.00 | 1,038,360 | 2,273,580 | 17/6/2020 |
| Delta Exchange | BTCUSD_25SEP | -1.641 | 0.16 | 0 | 2,185,155 | |
| Kraken (Futures) | FI_XBTUSD_200626 | -0.052 | 0.11 | 0 | 2,134,480 | 26/5/2020 |
| Huobi Futures | BCH_NW | -0.217 | 0.15 | 1,470,360 | 2,079,192 | 24/6/2020 |
| CME Bitcoin Futures | BTCM0 | 0.000 | 0.00 | 0 | 1,894,200 | 26/5/2020 |
| BitMEX | BCHU20 | -0.696 | 0.14 | 6,561,868 | 1,793,509 | 25/8/2020 |
| Bakkt | 6137574 | 0.000 | 0.00 | 0 | 1,701,245 | |
| Deribit | BTC-26MAR21 | -5.208 | 0.10 | 24,199,590 | 1,643,458 | 26/2/2021 |
| Delta Exchange | BTCUSD_25DEC | -3.225 | 0.10 | 0 | 1,352,583 | |
| BTSE (Futures) | BTCM20 | -0.086 | 0.12 | 8,807,463 | 1,178,057 | 26/5/2020 |
| BTSE (Futures) | BTCN20 | -0.952 | 0.10 | 9,769,083 | 963,318 | 31/6/2020 |
| CME Bitcoin Futures | BTCX0 | 0.000 | 0.00 | 0 | 952,800 | 27/10/2020 |
| CME Bitcoin Futures | BTCZ0 | 0.000 | 0.00 | 0 | 772,850 | 24/11/2020 |
| BitMEX | BCHM20 | 0.000 | 0.14 | 2,771,404 | 678,332 | 26/5/2020 |
| Kraken (Futures) | FI_XBTUSD_200925 | 0.141 | 0.10 | 0 | 675,357 | 25/8/2020 |
| Bakkt | 6180587 | 0.000 | 0.00 | 0 | 509,013 | |
| Kraken (Futures) | FI_XBTUSD_200828 | 0.159 | 0.10 | 0 | 464,488 | 28/7/2020 |
| CME Bitcoin Futures | BTCF1 | 0.000 | 0.00 | 0 | 361,500 | 29/0/2021 |
| KuCoin Futures | XBTMM20 | -0.136 | 0.12 | 74,589 | 324,088 | 26/5/2020 |
| Kumex | XBTMM20 | -0.330 | 0.11 | 36,405 | 284,720 | 26/5/2020 |
| Kumex | XBTMU20 | -1.419 | 0.11 | 17,290 | 249,698 | 25/8/2020 |
| Kraken (Futures) | FI_XBTUSD_201225 | -0.008 | 0.12 | 0 | 187,166 | 25/11/2020 |
| Bitflyer (Futures) | BTCJPY31JUL2020 | 0.000 | 0.43 | 0 | 146,818 | |
| Bitflyer (Futures) | BTCJPY12JUN2020 | 0.000 | 0.58 | 0 | 137,030 | |
| KuCoin Futures | XBTMU20 | -2.112 | 0.13 | 331,320 | 124,669 | 25/8/2020 |
| Bakkt | 6236159 | 0.000 | 0.00 | 0 | 113,600 | |
| Bitflyer (Futures) | BTCJPY05JUN2020 | 0.000 | 0.31 | 0 | 92,196 | |
| KuCoin Futures | XBTMZ20 | -3.851 | 0.13 | 47,494 | 82,963 | 25/11/2020 |
| BTSE (Futures) | BTCU20 | 0.068 | 0.13 | 11,261,889 | 64,872 | 25/8/2020 |
| Bitflyer (Futures) | BTCJPY03JUL2020 | 0.000 | 0.51 | 0 | 24,609 | |
| Kraken (Futures) | FI_BCHUSD_200626 | -0.043 | 0.14 | 0 | 21,878 | 26/5/2020 |
| BTSE (Futures) | BTCQ20 | 0.129 | 0.18 | 9,579,415 | 21,363 | 28/7/2020 |
| BTSE (Futures) | BTCZ20 | 0.933 | 0.16 | 9,876,077 | 16,613 | 25/11/2020 |
| Bitflyer (Futures) | BTCJPY25SEP2020 | 0.000 | 0.56 | 0 | 15,080 | |
| Bitflyer (Futures) | BTCJPY26JUN2020 | 0.000 | 0.95 | 0 | 14,765 | |
| Bakkt | 6205042 | 0.000 | 0.00 | 0 | 12,273 | |
| Bitflyer (Futures) | BTCJPY19JUN2020 | 0.000 | 0.30 | 0 | 11,891 | |
| Bakkt | 6381111 | 0.000 | 0.00 | 0 | 9,845 | |
| Kraken (Futures) | FI_BCHUSD_200731 | -2.238 | 1.02 | 0 | 9,576 | 31/6/2020 |
| Bitflyer (Futures) | BTCJPY24JUL2020 | 0.000 | 0.60 | 0 | 7,942 | |
| CoinFLEX (Futures) | BTC-USD-200925-LIN | 0.000 | 0.00 | 0 | 6,633 | |
| Bitflyer (Futures) | BTCJPY14AUG2020 | 0.000 | 0.42 | 0 | 5,919 | |
| Kraken (Futures) | FI_BCHUSD_200925 | 0.589 | 0.23 | 0 | 4,500 | 25/8/2020 |
| Bitflyer (Futures) | BTCJPY17JUL2020 | 0.000 | 0.37 | 0 | 4,423 | |
| Kraken (Futures) | FI_BCHUSD_200828 | -0.590 | 0.13 | 0 | 1,921 | 28/7/2020 |
| Bitflyer (Futures) | BTCJPY07AUG2020 | 0.000 | 0.58 | 0 | 1,893 | |
| Bitflyer (Futures) | BTCJPY10JUL2020 | 0.000 | 0.86 | 0 | 1,780 | |
| Bitflyer (Futures) | BTCJPY21AUG2020 | 0.000 | 0.76 | 0 | 600 |
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 |
|---|---|---|---|---|---|---|
| BitMEX | XBTUSD | -0.039 | 0.10 | 0.01000 | 710,525,420 | 1,011,940,882 |
| Binance (Futures) | BTCUSDT | -0.007 | 0.10 | 0.01000 | 404,891,268 | 1,466,120,872 |
| Bybit | BTCUSD | -0.024 | 0.10 | 0.01000 | 320,600,776 | 681,585,349 |
| Huobi Futures | BTC-USD | 0.000 | 0.10 | 0.01000 | 236,309,600 | 812,572,476 |
| OKEx (Futures) | BTC-USD-SWAP | 0.038 | 0.00 | 0.02224 | 151,069,500 | 281,451,800 |
| FTX (Derivatives) | BTC-PERP | -0.024 | 0.10 | 0.00160 | 150,457,771 | 130,910,975 |
| Deribit | BTC-PERPETUAL | -0.018 | 0.10 | 0.00647 | 118,193,810 | 83,125,656 |
| Bitfinex (Futures) | TBTCF0:USTF0 | 0.133 | 0.12 | 0.00000 | 85,026,616 | 716,305 |
| Bitforex (Futures) | SWAP-USD-BTC | 0.001 | 0.10 | -0.00700 | 77,934,545 | 184,745,112 |
| BitZ (Futures) | 101 | 0.009 | 0.10 | 0.00000 | 68,957,399 | 249,354,974 |
| Bybit | BTCUSDT | -0.025 | 0.10 | 0.01000 | 60,204,630 | 82,632,671 |
| BTCMEX | BTCUSD | -0.033 | 0.00 | 0.01000 | 42,901,122 | 386,780,227 |
| Kraken (Futures) | PI_XBTUSD | 0.015 | 0.10 | 0.00052 | 41,336,050 | 18,103,935 |
| BTSE (Futures) | BTCPFC | -0.012 | 0.10 | 0.00000 | 37,493,725 | 59,940,569 |
| Phemex (Futures) | BTCUSD | 0.020 | 0.10 | 0.01000 | 31,880,503 | 250,076,763 |
| Phemex | BTCUSD | -0.058 | 0.10 | 0.05913 | 31,597,323 | 341,056,663 |
| KuCoin Futures | XBTUSDM | -0.002 | 0.11 | 0.00000 | 27,079,144 | 41,378,312 |
| KuCoin Futures | XBTUSDTM | 0.001 | 0.11 | 0.00000 | 23,814,790 | 46,909,244 |
| BaseFEX | BTCUSDT | -0.013 | 0.10 | 0.00000 | 22,026,738 | 21,651,340 |
| BitZ (Futures) | 201 | 0.035 | 0.10 | 0.00000 | 18,781,471 | 67,992,863 |
| Huobi Futures | BCH-USD | -0.217 | 0.10 | 0.01000 | 16,455,390 | 75,321,439 |
| OKEx (Futures) | BCH-USD-SWAP | -0.028 | 0.00 | 0.03447 | 16,448,130 | 29,282,840 |
| Hopex | BTCUSDT | 0.024 | 0.00 | 0.00000 | 14,910,984 | 490,976,288 |
| MXC (Futures) | BTC_USDT | -0.037 | 0.10 | 0.02090 | 12,470,834 | 26,885,176 |
| Gate.io (Futures) | BTC_USD | 0.024 | 0.00 | 0.01000 | 8,368,226 | 21,517,271 |
| BitZ (Futures) | 1 | -0.039 | 0.10 | 0.00000 | 7,812,938 | 28,306,865 |
| Hopex | BTCUSD | -0.021 | 0.00 | 0.00000 | 6,782,162 | 8,715 |
| Kumex | XBTUSDM | -0.052 | 0.11 | 0.01000 | 4,542,007 | 12,254,524 |
| BaseFEX | BTCUSD | 0.009 | 0.12 | 0.01000 | 4,346,321 | 42,235,361 |
| Kraken (Futures) | PI_BCHUSD | -0.033 | 0.13 | 0.03241 | 2,849,706 | 996,604 |
| BitMax (Futures) | BTC-PERP | -0.059 | 0.00 | 0.02349 | 2,678,392 | 3,125,778 |
| Bithumb (Futures) | BTC-PERP | -0.062 | 0.10 | 0.02351 | 2,676,906 | 3,144,428 |
| Kumex | XBTUSDTM | 0.058 | 0.11 | 0.01000 | 1,999,642 | 1,926 |
| dYdX Perpetual | PBTC-USDC | -0.104 | 0.12 | 0.00000 | 1,209,621 | 771,819 |
| DueDEX | BTCUSD | -0.049 | 0.00 | 0.03570 | 1,028,949 | 13,749,064 |
| DueDEX | BTCUSDT | -0.032 | 0.00 | 0.01000 | 450,937 | 1,634,608 |
| Biki (Futures) | 28 | -0.047 | 0.12 | 0.00994 | 0 | 3,477,115,102 |
| Bitflyer (Futures) | FX_BTC_JPY | 0.000 | 0.11 | 0.00000 | 0 | 1,013,749,625 |
| Biki (Futures) | 11 | -0.047 | 0.10 | 0.00988 | 0 | 435,169,917 |
| Prime XBT | BTC/USD | 0.000 | 0.11 | 0.00000 | 0 | 315,961,337 |
| Biki (Futures) | 29 | -0.049 | 0.12 | 0.01006 | 0 | 103,356,192 |
| Biki (Futures) | 17 | -0.019 | 0.11 | 0.01790 | 0 | 99,640,498 |
| GMO Japan (Futures) | BTC_JPY | 0.000 | 0.10 | 0.00000 | 0 | 93,554,532 |
| Biki (Futures) | 1 | -0.046 | 0.11 | -0.00576 | 0 | 83,523,577 |
| HBTC (Futures) | BTC-PERP-BUSDT | 0.018 | 0.10 | 0.00183 | 0 | 81,581,055 |
| Biki (Futures) | 16 | -0.047 | 0.13 | -0.04116 | 0 | 80,529,655 |
| BitZ (Futures) | 301 | -0.002 | 0.11 | 0.00000 | 0 | 74,565,466 |
| HBTC (Futures) | BTC-SWAP-USDT | 0.017 | 0.11 | 0.00254 | 0 | 69,049,134 |
| HBTC (Futures) | BTC-SWAP | 0.013 | 0.11 | 0.00014 | 0 | 45,454,039 |
| ZBG Futures | BTC_USD-R | 0.000 | 0.10 | 0.00000 | 0 | 27,097,751 |
| Delta Exchange | BTCUSDT | -0.107 | 0.10 | 0.01000 | 0 | 22,331,110 |
| Bibox (Futures) | 4BTC_USDT | 0.000 | 0.14 | 0.00000 | 0 | 22,294,876 |
| Delta Exchange | BTCUSD | -0.065 | 0.10 | 0.01000 | 0 | 16,235,717 |
| BHEX (Futures) | BTC-SWAP | 0.010 | 0.11 | 0.00070 | 0 | 12,176,232 |
| Biki (Futures) | 21 | -0.049 | 0.13 | 0.00995 | 0 | 11,137,627 |
| Biki (Futures) | 25 | -0.049 | 0.12 | 0.00995 | 0 | 11,053,883 |
| Biki (Futures) | 27 | -0.046 | 0.12 | 0.00995 | 0 | 10,398,666 |
| HBTC (Futures) | BTC-PERP-REV | 0.014 | 0.11 | 0.00089 | 0 | 9,980,741 |
| Biki (Futures) | 15 | -0.046 | 0.14 | 0.00995 | 0 | 9,609,548 |
| Biki (Futures) | 26 | -0.049 | 0.15 | 0.00997 | 0 | 9,365,925 |
| ZBG Futures | BTC_USD-R20190927 | 0.000 | 0.11 | 0.00000 | 0 | 8,043,860 |
| BitMEX | BCHUSD | -0.077 | 0.12 | 0.02850 | 0 | 6,957,371 |
| 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 |
| Biki (Futures) | 24 | -0.028 | 0.13 | -0.00776 | 0 | 5,925,964 |
| ZBG Futures | BTC_ZUSD | 0.000 | 0.10 | 0.00000 | 0 | 2,682,333 |
| ZBG Futures | BTC_USDT | 0.000 | 0.10 | 0.00000 | 0 | 2,023,830 |
| CoinFLEX (Futures) | BTC-USD-SWAP-LIN | 0.000 | 0.00 | 0.00000 | 0 | 469,909 |
| ZBG Futures | BTC_USD-R20190628 | 0.000 | 0.11 | 0.00000 | 0 | 311,190 |
| Biki (Futures) | 14 | -0.046 | 0.14 | 0.00995 | 0 | 197,961 |
| Liquid Perpetuals | P-BTCUSD | -0.205 | 0.12 | 0.25900 | 0 | 23,165 |
| Biki (Futures) | 2 | -0.049 | 0.12 | 0.01000 | 0 | 6,434 |
| Binance JEX (Futures) | BTCUSDT | 0.058 | 0.85 | 0.01000 | 0 | 1,323 |
| Liquid Perpetuals | P-BTCJPY | 1.378 | 0.13 | 0.36400 | 0 | 1,059 |
| 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 |
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:
| KNC | DASH | |
|---|---|---|
| BTC | -0.02 | -0.02 |
Check other correlations with Bitcoin or use a custom form to check BTC changes in correlation coefficient with other token.
There is a group of other derivatives which can be utilized for the purpose of hedging, like crypto indexes.
Indexes can be partly correlated with Bitcoin
Stable coins or non-crypto assets can also be considered for hedging positions.