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+0.0017%/8h= +1.8% APRnext payment +$0.17 per $10,000 · paid last 24h +0.021%
Price spread now: Katana Perps against Gate−0.010%7-day average −0.031% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on GateShort on Katana Perps
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.041%+$4 on $10k
Price spread, last 7 days+0.019%+$2 · spread now −0.010%, 7d avg −0.031%
Together, before fees+0.059%+$6 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 0.021% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.031%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate BTC_USDT86,452.30.0083pay 0.0083% / 8h28m 46s$5.87B$10.76B200x
ShortKatana Perps BTC-USD86,4440.0100get 0.0100% / 8h28m 46s$200K$7.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Katana Perps against Gate. 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
$3.53
Price spread: −0.010% → −0.031%
$2.11
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Net
−$13.16
Costs to cover
0.188%
Break-even
33.1 days
Slippage unknown: Gate: live order book, 5 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 Gate live order book, 5 min ago0.01 bp7.5 bp −$87.5 bp −$757.6 bp −$75714.9 bp −$7,430
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
Phoenix BTC−0.0118%1h86,477+0.029%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,455+0.003%$9K$3K50xas long as short
Injective BTC/USDC PERP−0.0035%1h86,568+0.134%$333K$26.8M52xas long as short
RISEx BTC/USDC−0.0024%1h86,473.2+0.024%$8.3M$42.9M25xas long as short
01 Exchange BTCUSD−0.0016%1h86,488.3+0.042%$358K$2.5M50xas long as short
Aster BTCUSDT−0.0001%8h86,440.2−0.014%$501.6M$1.15B200xas long as short
Perpl BTC0.0000%43m86,478.3+0.030%$416K$23.1M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,484.8+0.038%$36.8M—200xas long as short
KuCoin XBTUSDTM+0.0017%8h86,449.4−0.003%$850.1M$715.5M125xas long as short
Reya BTCRUSDPERP+0.0031%1h86,456.6+0.005%$6.7M$145.5M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDT+0.0042%8h86,448.9−0.004%—$1.59B—as long as short
Phemex BTCUSDT+0.0051%8h86,464.1+0.014%$150.7M$478.6M150xas long as short
Bitget BTCUSDT+0.0052%8h86,439.2−0.015%$2.96B$5.13B150xas long as short
Deribit BTC-PERPETUAL+0.0056%1h86,503.7+0.059%$914.7M$1.48B50xas long as short
dYdX BTC-USD+0.0067%1h86,493.3+0.047%$16.9M$21.2M50xas long as short
Binance BTCUSDT+0.0069%8h86,439.3−0.015%$9.42B$24.57B150xas long as short
MEXC BTC_USDT+0.0070%8h86,447.5−0.006%$5.16B$5.66B500xas long as short
Aevo BTC-PERP+0.0072%1h86,454.3+0.002%$2.4M$1.3M20xas long as short
Gate BTC_USDTlong+0.0083%8h86,452.3long leg$5.87B$10.76B200x
SoDEX BTC-USD+0.0086%1h86,465+0.015%$60.5M$337.9M40xas long as short
Lighter BTC+0.0096%1h86,450.9−0.002%$170.2M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h86,461.5+0.011%$24.0M$152.2M50xas long as short
Popdex BTCUSDT+0.0096%1h86,462+0.011%$8.5M$52.4M100xas long as short
Bybit BTCUSDT+0.0098%8h86,441.7−0.012%$5.26B$9.81B150xas long as short
Katana Perps BTC-USDshort+0.0100%8h86,444−0.010%$200K$7.1M50x
Paradex BTC-USD-PERP+0.0100%8h86,495.3+0.050%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,459.6+0.009%$21.9M$234.7M50xas long as short
Hyperliquid BTC+0.0100%1h86,520+0.078%$3.79B$5.11B40xas long as short
Pacifica BTC+0.0100%1h86,498.6+0.054%$41.1M$529.8M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,455.6+0.004%$2.55B$12.73B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,473+0.024%$3.9M$18.7M25xas long as short
Arcus BTC-USD+0.0100%1h86,503.5+0.059%$7.5M$95.2M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,451.90.000%$38.2M$155.7M75xas long as short
Variational Omni BTC+0.0100%8h86,474.8+0.026%$157.5M$568.1M—as long as short
edgeX BTCUSDC+0.0100%4h86,477.1+0.029%$279.3M$947.6M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,485.6+0.039%$217.2M$171.6M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,488.9+0.042%$141.4M$323.2M100xas long as short
StandX BTC-USD+0.0100%1h86,471+0.022%$30.7M$205.4M40xas long as short
Vest BTC-PERP+0.0100%1h86,507.1+0.063%—$11.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,459+0.008%$11.1M$13.8M50xas long as short
Bullet BTC-USD+0.0100%1h86,456.7+0.005%$190K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,469+0.019%$2.4M$9.0M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,494.5+0.049%$140K$663K40xas long as short
Derive BTC-PERP+0.0100%1h86,495.8+0.050%$30.5M$62.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,450.6−0.002%$3.4M$5.4M100xas long as short
HTX BTC-USDT+0.0100%8h86,450−0.003%$2.29B$969.5M200xas long as short
Bulk BTC-USD+0.0100%1h86,464.9+0.015%$572.1M$16.9M40xas long as short
Extended BTC-USD+0.0104%1h86,434.1−0.021%$45.5M$227.3M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,485.2+0.038%—$98.9M500xas long as short
Kraken Futures PF_XBTUSD+0.0110%1h86,493.6+0.048%$194.0M$952.3M100xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,503.8+0.060%$132.3M$5.66B50xas long as short
Aftermath Perps BTCUSD+0.0143%1h86,519.6+0.078%$79K$218K20xas long as short
Hibachi BTC/USDT-P+0.0184%1h86,500.8+0.056%$728K$8.1M30xas long as short
BloFin BTC-USDT+0.0190%8h86,461+0.010%$415.5M$658.7M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0195% / S −0.0218%1h86,474.9+0.026%$15.0M—200xas long as short
Kalshi KXBTCPERP+0.0208%8h86,488+0.041%$9.7M$746.3M6.4xas long as short