Settings8H · net · $10k
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Funding arb · Price arb /

BTC

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 00:00 UTC+0.0038%/8h= +4.2% APRnext payment +$0.38 per $10,000 · paid last 24h +0.010%
Price spread now: Katana Perps against Binance−0.002%7-day average −0.034% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on BinanceShort on Katana Perps
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.019%+$2 on $10k
Price spread, last 7 days+0.004%$0 · spread now −0.002%, 7d avg −0.034%
Together, before fees+0.023%+$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Katana Perps is 0.032% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.034%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance BTCUSDT86,586.60.0062pay 0.0062% / 8h1h 37m$9.42B$24.31B150x
ShortKatana Perps BTC-USD86,5850.0100get 0.0100% / 8h1h 37m$204K$6.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Katana Perps against Binance. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$7.98
Price spread: −0.002% → −0.034%
$3.2
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Net
−$2.62
Costs to cover
0.138%
Break-even
9.3 days
Slippage unknown: Binance: live order book, 7 min ago; Katana Perps: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 7 min ago0.01 bp5.0 bp −$55.0 bp −$505.1 bp −$5136.6 bp −$3,312
Sell Katana Perps no order-book sample—————
Katana Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BTC on 56 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin BTC-PERP−0.0809%1h86,685.1+0.114%$141K$618K40xas long as short
Aftermath Perps BTCUSD−0.0161%1h86,650.9+0.074%$83K$206K20xas long as short
Phoenix BTC−0.0159%1h86,627+0.047%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,606+0.022%$9K$3K50xas long as short
dYdX BTC-USD−0.0011%1h86,627.2+0.047%$17.5M$20.3M50xas long as short
01 Exchange BTCUSD−0.0008%1h86,603.6+0.020%$359K$2.4M50xas long as short
Aster BTCUSDT−0.0007%8h86,597.7+0.013%$505.3M$1.15B200xas long as short
Perpl BTC0.0000%43m86,598.6+0.014%$419K$23.9M6.7xas long as short
KuCoin XBTUSDTM+0.0001%8h86,590+0.004%$852.4M$707.5M125xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,682.4+0.111%$36.9M—200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
RISEx BTC/USDC+0.0006%1h86,601.5+0.017%$8.6M$43.2M25xas long as short
Reya BTCRUSDPERP+0.0022%1h86,573.6−0.015%$6.7M$144.8M40xas long as short
Injective BTC/USDC PERP+0.0024%1h86,559−0.032%$315K$26.8M52xas long as short
Phemex BTCUSDT+0.0026%8h86,646.7+0.069%$150.3M$473.6M150xas long as short
Deribit BTC-PERPETUAL+0.0030%1h86,675.4+0.103%$925.3M$1.47B50xas long as short
BingX BTC-USDC+0.0032%8h86,584.2−0.003%—$15.3M—as long as short
Hibachi BTC/USDT-P+0.0040%1h86,683.5+0.112%$731K$8.2M30xas long as short
Bitget BTCUSDT+0.0042%8h86,585.1−0.002%$2.96B$5.07B150xas long as short
MEXC BTC_USDT+0.0061%8h86,601.1+0.017%$5.19B$5.64B500xas long as short
Binance BTCUSDTlong+0.0062%8h86,586.6long leg$9.42B$24.31B150x
Aevo BTC-PERP+0.0064%1h86,631.1+0.051%$2.4M$1.3M20xas long as short
Gate BTC_USDT+0.0076%8h86,592.4+0.007%$5.86B$10.65B200xas long as short
Bybit BTCUSDT+0.0090%8h86,586.30.000%$5.27B$9.70B150xas long as short
Lighter BTC+0.0096%1h86,614.1+0.032%$171.9M$1.00B50xas long as short
Lighter RH BTC+0.0096%1h86,618.7+0.037%$24.1M$151.8M50xas long as short
Popdex BTCUSDT+0.0096%1h86,5870.000%$8.5M$52.2M100xas long as short
Katana Perps BTC-USDshort+0.0100%8h86,585−0.002%$204K$6.9M50x
Paradex BTC-USD-PERP+0.0100%8h86,631.6+0.052%$4.8M$8.4M50xas long as short
Nado BTC-PERP+0.0100%1h86,602.6+0.018%$21.8M$233.4M50xas long as short
Hyperliquid BTC+0.0100%1h86,662+0.087%$3.81B$5.08B40xas long as short
Pacifica BTC+0.0100%1h86,643.6+0.066%$41.1M$505.2M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,584.5−0.002%$2.55B$12.69B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,606+0.022%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,678.3+0.106%$7.4M$93.8M40xas long as short
Bulk BTC-USD+0.0100%1h86,703.1+0.134%$573.0M$18.8M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,626+0.045%$38.5M$153.2M75xas long as short
Variational Omni BTC+0.0100%8h86,696.3+0.127%$156.8M$565.9M—as long as short
edgeX BTCUSDC+0.0100%4h86,636.2+0.057%$280.0M$943.9M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,641.8+0.064%$217.4M$174.1M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,642.9+0.065%$141.6M$323.1M100xas long as short
StandX BTC-USD+0.0100%1h86,666+0.092%$30.7M$203.4M40xas long as short
Vest BTC-PERP+0.0100%1h86,649.2+0.072%—$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,5870.000%$11.1M$13.6M50xas long as short
Bullet BTC-USD+0.0100%1h86,586−0.001%$194K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,664.9+0.090%$2.4M$8.6M100xas long as short
Derive BTC-PERP+0.0100%1h86,636.5+0.058%$30.0M$61.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,628.3+0.048%$3.4M$5.4M100xas long as short
SoDEX BTC-USD+0.0100%1h86,636+0.057%$60.5M$337.0M40xas long as short
HTX BTC-USDT+0.0100%8h86,654.4+0.078%$2.30B$964.1M200xas long as short
Extended BTC-USD+0.0104%1h86,585.5−0.001%$46.3M$225.3M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,662.4+0.088%—$98.2M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,680.7+0.109%$131.8M$5.72B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,671.8+0.098%$191.8M$937.0M100xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0180% / S −0.0208%1h86,678.6+0.106%$15.1M—200xas long as short
BloFin BTC-USDT+0.0181%8h86,634.4+0.055%$415.3M$652.1M150xas long as short
Kalshi KXBTCPERP+0.0194%8h86,663+0.088%$9.7M$727.7M6.4xas long as short