Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: StandX against Katana Perps+0.030%7-day average +0.029% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.006%−$1 on $10k
+Price spread, last 7 days−0.018%−$2 · spread now +0.030%, 7d avg +0.029%
=Together, before fees−0.024%+ Points / potential airdropStandX: Active · farm board−$2 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps BTC-USD | 85,363 | 0.0100 | pay 0.0100% / 8h | 2h 53m | $240K | $8.5M | 50x |
| Short | StandX BTC-USD | 85,389 | 0.0100 | get 0.0013% / 1h | 53m 24s | $30.1M | $206.4M | 40x |
Katana Perps BTC-USD
StandX BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
StandX 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: +0.030% → +0.029%
- $0.1
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee StandX: 4 bp × 2 orders
- −$8
- Net
- −$11.65
- Costs to cover
- 0.118%
- Break-even
- 1856.7 days
Slippage unknown: Katana Perps: no order-book sample; StandX: live order book, 1 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 StandX live order book, 1 min ago | 0.53 bp | 5.4 bp −$5 | 6.4 bp −$64 | 7.6 bp −$761 | 9.8 bp −$4,908 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0111% | 1h | 85,404 | +0.048% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,400 | +0.043% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0054% | 8h | 85,368.8 | +0.007% | $920.7M | $760.5M | 125x | as long as short |
| BloFin BTC-USDT | −0.0030% | 8h | 85,394 | +0.036% | $422.0M | $676.4M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0024% | 1h | 85,395.9 | +0.039% | $381K | $2.3M | 50x | as long as short |
| Aster BTCUSDT | −0.0012% | 8h | 85,387.8 | +0.029% | $513.8M | $1.10B | 200x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,409.1 | +0.054% | $16.8M | $21.3M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,382.2 | +0.022% | $535K | $18.8M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,419.4 | +0.066% | $36.5M | — | 200x | as long as short |
| Nado BTC-PERP | +0.0021% | 1h | 85,377.4 | +0.017% | $24.6M | $223.5M | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
01 Exchange BTCUSD
Aster BTCUSDT
dYdX BTC-USD
Perpl BTC
gTrade (Gains Network) BTC/USD
Nado BTC-PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0023% | 1h | 85,449 | +0.101% | $339K | $26.8M | 52x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0056% | 1h | 85,401.2 | +0.045% | $187.4M | $955.6M | 100x | as long as short |
| BingX BTC-USDC | +0.0063% | 8h | 85,397.1 | +0.040% | — | $17.3M | — | as long as short |
| Bullet BTC-USD | +0.0068% | 1h | 85,409.5 | +0.054% | $204K | $3.3M | 20x | as long as short |
| Phemex BTCUSDT | +0.0074% | 8h | 85,377.9 | +0.017% | $149.2M | $499.6M | 150x | as long as short |
| SoDEX BTC-USD | +0.0077% | 1h | 85,375 | +0.014% | $59.8M | $335.9M | 40x | as long as short |
| Bitget BTCUSDT | +0.0080% | 8h | 85,399.4 | +0.043% | $2.95B | $5.14B | 150x | as long as short |
| Aevo BTC-PERP | +0.0088% | 1h | 85,354.5 | −0.010% | $2.3M | $6.5M | 20x | as long as short |
| MEXC BTC_USDT | +0.0089% | 8h | 85,414.9 | +0.061% | $5.08B | $5.66B | 500x | as long as short |
| Binance BTCUSDT | +0.0090% | 8h | 85,394.3 | +0.037% | $9.44B | $24.68B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,411.4 | +0.057% | $171.8M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,413.7 | +0.059% | $23.9M | $147.2M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,386 | +0.027% | $8.4M | $55.3M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0096% | 1h | 85,415 | +0.061% | $117.3M | $5.29B | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0098% | 1h | 85,417.6 | +0.064% | $872.1M | $1.60B | 50x | as long as short |
| Katana Perps BTC-USDlong | +0.0100% | 8h | 85,363 | long leg | $240K | $8.5M | 50x | |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,433.9 | +0.083% | $5.6M | $9.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,477 | +0.134% | $3.78B | $5.03B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,431.2 | +0.080% | $40.1M | $593.1M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,392.9 | +0.035% | $5.18B | $9.89B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,403.8 | +0.048% | $2.59B | $12.13B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,390 | +0.032% | $3.8M | $17.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,392.9 | +0.035% | $4.7M | $99.3M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,389.3 | +0.031% | $5.54B | $10.77B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,359.6 | −0.004% | $36.5M | $175.8M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,385.5 | +0.026% | $154.2M | $565.3M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,359.3 | −0.004% | $279.1M | $937.0M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,462 | +0.116% | $214.7M | $168.9M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,445.3 | +0.096% | $139.7M | $315.9M | 100x | as long as short |
| StandX BTC-USDshort | +0.0100% | 1h | 85,389 | +0.030% | $30.1M | $206.4M | 40x | |
| Vest BTC-PERP | +0.0100% | 1h | 85,454 | +0.107% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,413 | +0.059% | $11.1M | $14.4M | 50x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,358.9 | −0.005% | $2.5M | $8.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,409.7 | +0.055% | $207K | $738K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,344.3 | −0.022% | $30.0M | $50.3M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,351.6 | −0.013% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,354.5 | −0.010% | $2.26B | $950.9M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,404.3 | +0.048% | $678.7M | $662.5M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,358.9 | −0.005% | $45.8M | $236.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,384 | +0.025% | — | $106.8M | 500x | as long as short |
| Reya BTCRUSDPERP | +0.0108% | 1h | 85,413.6 | +0.059% | $6.6M | $147.3M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0167% | 8h | 85,397 | +0.040% | $11.4M | $750.6M | 6.4x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,424.9 | +0.073% | $13.0M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0232% | 1h | 85,395.9 | +0.039% | $694K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0252% | 1h | 85,438.2 | +0.088% | $78K | $225K | 20x | as long as short |
| RISEx BTC/USDC | +0.0257% | 1h | 85,422.9 | +0.070% | $8.8M | $43.1M | 25x | as long as short |
Injective BTC/USDC PERP
Kraken Futures PF_XBTUSD
BingX BTC-USDC
Bullet BTC-USD
Phemex BTCUSDT
SoDEX BTC-USD
Bitget BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Coinbase International BTC-PERP-INTX
Deribit BTC-PERPETUAL
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
Vest BTC-PERP
Polymarket Perps BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Reya BTCRUSDPERP
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
RISEx BTC/USDC