Funding you earn now, next payment 09:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.029%
Price spread now: Katana Perps against gTrade (Gains Network)−0.045%7-day average −0.029% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.105%+$10 on $10k
+Price spread, last 7 days+0.016%+$2 · spread now −0.045%, 7d avg −0.029%
=The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) BTC/USD | 86,236.1 | L +0.0004% / S −0.0004% | pay 0.0001% / 1h | 3m 01s | $36.9M | — | 200x |
| Short | Katana Perps BTC-USD | 86,197 | 0.0100 | get 0.0100% / 8h | 7h 03m | $223K | $8.2M | 50x |
gTrade (Gains Network) BTC/USD
Katana Perps BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps against gTrade (Gains Network). Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $20.02
- Price spread: −0.045% → −0.029%
- −$1.68
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 3.5 bp × 2 orders
- −$7
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- $7.54
- Costs to cover
- 0.108%
- Break-even
- 4.4 days
Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 26 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy gTrade (Gains Network) virtual book (oracle venue), 26 min ago | 0.51 bp | 4.0 bp −$4 | 4.1 bp −$41 | 4.5 bp −$447 | 6.4 bp −$3,185 |
| 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 55 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.0223% | 1h | 86,259.3 | +0.027% | $196K | $673K | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,246 | +0.011% | $8K | $2K | 50x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 86,210.2 | −0.030% | $423.4M | $623.5M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 86,227.1 | −0.010% | $360K | $2.1M | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0006% | 1h | 86,248 | +0.014% | $471K | $28.2M | 52x | as long as short |
| gTrade (Gains Network) BTC/USDlong | L +0.0004% / S −0.0004% | 1h | 86,236.1 | long leg | $36.9M | — | 200x | |
| KuCoin XBTUSDTM | +0.0034% | 8h | 86,189.1 | −0.054% | $938.2M | $667.7M | 125x | as long as short |
| dYdX BTC-USD | +0.0034% | 1h | 86,243 | +0.008% | $16.9M | $17.7M | 50x | as long as short |
| Aster BTCUSDT | +0.0049% | 8h | 86,192.2 | −0.051% | $504.4M | $974.6M | 200x | as long as short |
| Bybit BTCUSDT | +0.0053% | 8h | 86,181.3 | −0.064% | $5.12B | $9.04B | 150x | as long as short |
Bluefin BTC-PERP
Hotstuff BTC-PERP
BloFin BTC-USDT
01 Exchange BTCUSD
Injective BTC/USDC PERP
KuCoin XBTUSDTM
dYdX BTC-USD
Aster BTCUSDT
Bybit BTCUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0058% | 8h | 86,168.8 | −0.078% | — | $16.8M | — | as long as short |
| Phemex BTCUSDT | +0.0059% | 8h | 86,215.6 | −0.024% | $168.0M | $498.8M | 150x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0068% | 1h | 86,228.6 | −0.009% | $189.4M | $867.0M | 100x | as long as short |
| Phoenix BTC | +0.0075% | 1h | 86,283 | +0.054% | $2.3M | $10.4M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,220.7 | −0.018% | $173.5M | $969.1M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,217.6 | −0.021% | $23.4M | $137.8M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,222 | −0.016% | $8.8M | $52.5M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 86,210.4 | −0.030% | $2.4M | $6.7M | 20x | as long as short |
| Katana Perps BTC-USDshort | +0.0100% | 8h | 86,197 | −0.045% | $223K | $8.2M | 50x | |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,302.5 | +0.077% | $6.1M | $8.7M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,211.3 | −0.029% | $22.0M | $210.0M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,269 | +0.038% | $40.3M | $585.4M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 86,188.9 | −0.055% | $9.47B | $23.06B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,165.9 | −0.081% | $2.62B | $10.77B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,224 | −0.014% | $4.0M | $16.4M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,255.3 | +0.022% | $4.6M | $93.5M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,176.9 | −0.069% | $711.8M | $175.1M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 86,209.6 | −0.031% | $5.47B | $10.32B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 86,189 | −0.055% | $5.08B | $5.91B | 500x | as long as short |
| Bitget BTCUSDT | +0.0100% | 8h | 86,182.1 | −0.063% | $2.99B | $4.54B | 150x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,188.2 | −0.056% | $37.6M | $187.6M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,275.4 | +0.046% | $158.2M | $510.0M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,267.1 | +0.036% | $289.9M | $986.6M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,243.6 | +0.009% | $216.7M | $143.1M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,270.8 | +0.040% | $137.3M | $302.2M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,245.8 | +0.011% | $30.4M | $212.7M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,304.1 | +0.079% | — | $10.3M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,224 | −0.014% | $11.0M | $13.5M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,223 | −0.015% | $207K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,219.6 | −0.019% | $2.6M | $9.5M | 100x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,244.2 | +0.009% | $3.2M | $7.0M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,214 | −0.026% | $60.3M | $257.8M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,204.6 | −0.037% | $2.28B | $909.9M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,156.7 | −0.092% | $46.4M | $219.8M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,234.7 | −0.002% | — | $94.2M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,252 | +0.018% | $112.5M | $5.28B | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0125% | 1h | 86,266.9 | +0.036% | $834.1M | $1.61B | 50x | as long as short |
| Hyperliquid BTC | +0.0140% | 1h | 86,287 | +0.059% | $3.88B | $4.74B | 40x | as long as short |
| Reya BTCRUSDPERP | +0.0153% | 1h | 86,203.4 | −0.038% | $6.7M | $132.7M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0188% | 8h | 86,255 | +0.022% | $11.1M | $726.2M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 86,253.2 | +0.020% | $9.0M | $40.7M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0200% / S −0.0185% | 1h | 86,221.2 | −0.017% | $13.3M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0280% | 1h | 86,292.6 | +0.066% | $684K | $7.4M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0396% | 1h | 86,247 | +0.013% | $82K | $252K | 20x | as long as short |
| Perpl BTC | +0.0447% | 43m | 86,265.4 | +0.034% | $496K | $16.5M | 6.7x | as long as short |
BingX BTC-USDC
Phemex BTCUSDT
Kraken Futures PF_XBTUSD
Phoenix BTC
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Paradex BTC-USD-PERP
Nado BTC-PERP
Pacifica BTC
Binance BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
MEXC BTC_USDT
Bitget BTCUSDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Deribit BTC-PERPETUAL
Hyperliquid BTC
Reya BTCRUSDPERP
Kalshi KXBTCPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
Perpl BTC