Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.011%
Price spread now: HTX against Katana Perps−0.009%7-day average 0.000% · 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)−0.046%−$5 on $10k
+Price spread, last 3 days (all we have)−0.049%−$5 · spread now −0.009%, 7d avg 0.000%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps BTC-USD | 86,409 | 0.0100 | pay 0.0100% / 8h | 1h 16m | $201K | $6.9M | 50x |
| Short | HTX BTC-USDT | 86,400.8 | 0.0100 | get 0.0100% / 8h | 1h 16m | $2.29B | $968.5M | 200x |
Katana Perps BTC-USD
HTX BTC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Katana Perps. 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
- $0.04
- Price spread: −0.009% → 0.000%
- −$0.9
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$16.66
- Costs to cover
- 0.158%
- Break-even
- 2651.1 days
Slippage unknown: Katana Perps: no order-book sample; HTX: live order book, 3 min ago. 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 Katana Perps no order-book sample | — | — | — | — | — |
| Sell HTX live order book, 3 min ago | 0.01 bp | 6.0 bp −$6 | 6.0 bp −$60 | 7.7 bp −$774 | 9.9 bp −$4,970 |
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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.0766% | 1h | 86,442 | +0.038% | $140K | $620K | 40x | as long as short |
| Phoenix BTC | −0.0159% | 1h | 86,503 | +0.109% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,397 | −0.014% | $9K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 86,434.3 | +0.029% | $358K | $2.4M | 50x | as long as short |
| Aster BTCUSDT | −0.0010% | 8h | 86,388.4 | −0.024% | $503.5M | $1.15B | 200x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,441.3 | +0.037% | $421K | $23.7M | 6.7x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,430.9 | +0.025% | $920.5M | $1.48B | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0002% | 8h | 86,393.5 | −0.018% | $851.8M | $712.2M | 125x | as long as short |
| dYdX BTC-USD | +0.0004% | 1h | 86,452.8 | +0.051% | $17.0M | $21.1M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,441.6 | +0.038% | $36.8M | — | 200x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
Aster BTCUSDT
Perpl BTC
Deribit BTC-PERPETUAL
KuCoin XBTUSDTM
dYdX BTC-USD
gTrade (Gains Network) BTC/USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| RISEx BTC/USDC | +0.0006% | 1h | 86,437.5 | +0.033% | $8.5M | $42.8M | 25x | as long as short |
| Aftermath Perps BTCUSD | +0.0017% | 1h | 86,477.9 | +0.080% | $82K | $217K | 20x | as long as short |
| Reya BTCRUSDPERP | +0.0023% | 1h | 86,407.2 | −0.002% | $6.7M | $145.0M | 40x | as long as short |
| Injective BTC/USDC PERP | +0.0024% | 1h | 86,559 | +0.174% | $315K | $26.8M | 52x | as long as short |
| BingX BTC-USDC | +0.0036% | 8h | 86,373.3 | −0.041% | — | $15.3M | — | as long as short |
| Phemex BTCUSDT | +0.0039% | 8h | 86,403.1 | −0.007% | $150.0M | $476.9M | 150x | as long as short |
| Bitget BTCUSDT | +0.0046% | 8h | 86,387.1 | −0.025% | $2.95B | $5.10B | 150x | as long as short |
| Binance BTCUSDT | +0.0064% | 8h | 86,395.7 | −0.015% | $9.42B | $24.43B | 150x | as long as short |
| MEXC BTC_USDT | +0.0064% | 8h | 86,391.9 | −0.020% | $5.13B | $5.70B | 500x | as long as short |
| Aevo BTC-PERP | +0.0064% | 1h | 86,411.1 | +0.002% | $2.4M | $1.3M | 20x | as long as short |
| Gate BTC_USDT | +0.0079% | 8h | 86,403.4 | −0.007% | $5.84B | $10.74B | 200x | as long as short |
| Bybit BTCUSDT | +0.0093% | 8h | 86,399.3 | −0.011% | $5.25B | $9.77B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,413.2 | +0.005% | $170.6M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,420.2 | +0.013% | $24.1M | $152.4M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,430 | +0.024% | $8.5M | $52.4M | 100x | as long as short |
| Hibachi BTC/USDT-P | +0.0096% | 1h | 86,499.1 | +0.104% | $717K | $8.2M | 30x | as long as short |
| Katana Perps BTC-USDlong | +0.0100% | 8h | 86,409 | long leg | $201K | $6.9M | 50x | |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,455 | +0.053% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,400.5 | −0.010% | $21.8M | $234.5M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,470 | +0.071% | $3.80B | $5.10B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,452.5 | +0.050% | $40.8M | $513.8M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,400 | −0.010% | $2.54B | $12.72B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,437 | +0.032% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,492.7 | +0.097% | $7.8M | $94.8M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,498.7 | +0.104% | $571.7M | $18.6M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,391.7 | −0.020% | $37.8M | $155.1M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,498.8 | +0.104% | $156.2M | $568.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,531.2 | +0.141% | $279.7M | $948.9M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,484.2 | +0.087% | $217.3M | $176.0M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,540.1 | +0.152% | $141.5M | $323.4M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,418.5 | +0.011% | $30.7M | $203.8M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,472.6 | +0.074% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,419 | +0.012% | $11.1M | $13.8M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,422 | +0.015% | $189K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,427.5 | +0.021% | $2.4M | $8.7M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,427.2 | +0.021% | $30.4M | $61.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,394.8 | −0.016% | $3.4M | $5.4M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,403 | −0.007% | $60.4M | $337.3M | 40x | as long as short |
| HTX BTC-USDTshort | +0.0100% | 8h | 86,400.8 | −0.009% | $2.29B | $968.5M | 200x | |
| Extended BTC-USD | +0.0104% | 1h | 86,375.6 | −0.039% | $45.5M | $226.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,441.2 | +0.037% | — | $98.8M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,438.9 | +0.035% | $131.5M | $5.69B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,419.3 | +0.012% | $191.1M | $943.7M | 100x | as long as short |
| BloFin BTC-USDT | +0.0184% | 8h | 86,401.9 | −0.008% | $414.3M | $653.7M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0186% / S −0.0212% | 1h | 86,436.3 | +0.032% | $15.2M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0199% | 8h | 86,446 | +0.043% | $9.7M | $734.2M | 6.4x | as long as short |
RISEx BTC/USDC
Aftermath Perps BTCUSD
Reya BTCRUSDPERP
Injective BTC/USDC PERP
BingX BTC-USDC
Phemex BTCUSDT
Bitget BTCUSDT
Binance BTCUSDT
MEXC BTC_USDT
Aevo BTC-PERP
Gate BTC_USDT
Bybit BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Hibachi BTC/USDT-P
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
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
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP