Funding you earn now, next payment 00:00 UTC+0.0083%/8h= +9.1% APRnext payment +$0.83 per $10,000 · paid last 24h +0.014%
Price spread now: Katana Perps against KuCoin−0.042%7-day average −0.032% · 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)+0.053%+$5 on $10k
+Price spread, last 7 days+0.050%+$5 · spread now −0.042%, 7d avg −0.032%
=The price spread sits at its 7-day average of −0.032%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin XBTUSDTM | 86,429.1 | 0.0017 | pay 0.0017% / 8h | 26m 43s | $850.0M | $715.7M | 125x |
| Short | Katana Perps BTC-USD | 86,393 | 0.0100 | get 0.0100% / 8h | 26m 43s | $202K | $7.1M | 50x |
KuCoin XBTUSDTM
Katana Perps BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps against KuCoin. 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
- $17.39
- Price spread: −0.042% → −0.032%
- −$0.96
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- $0.63
- Costs to cover
- 0.158%
- Break-even
- 6.7 days
Slippage unknown: KuCoin: live order book, 2 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 KuCoin live order book, 2 min ago | 0.01 bp | 6.0 bp −$6 | 6.6 bp −$66 | 8.4 bp −$842 | doesn't fit |
| 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0118% | 1h | 86,477 | +0.055% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,413 | −0.019% | $9K | $3K | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0035% | 1h | 86,568 | +0.161% | $333K | $26.8M | 52x | as long as short |
| RISEx BTC/USDC | −0.0024% | 1h | 86,420.6 | −0.010% | $8.3M | $42.8M | 25x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 86,423.2 | −0.007% | $359K | $2.5M | 50x | as long as short |
| Aster BTCUSDT | −0.0001% | 8h | 86,424.3 | −0.006% | $501.5M | $1.15B | 200x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,401.8 | −0.032% | $415K | $23.1M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,448.4 | +0.022% | $36.8M | — | 200x | as long as short |
| KuCoin XBTUSDTMlong | +0.0017% | 8h | 86,429.1 | long leg | $850.0M | $715.7M | 125x | |
| Deribit BTC-PERPETUAL | +0.0026% | 1h | 86,466.9 | +0.044% | $914.6M | $1.48B | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
Injective BTC/USDC PERP
RISEx BTC/USDC
01 Exchange BTCUSD
Aster BTCUSDT
Perpl BTC
gTrade (Gains Network) BTC/USD
Deribit BTC-PERPETUALShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0031% | 1h | 86,418.6 | −0.012% | $6.7M | $145.5M | 40x | as long as short |
| BingX BTC-USDC | +0.0042% | 8h | 86,413.9 | −0.018% | — | $15.4M | — | as long as short |
| Bitget BTCUSDT | +0.0052% | 8h | 86,409.1 | −0.023% | $2.96B | $5.13B | 150x | as long as short |
| Phemex BTCUSDT | +0.0053% | 8h | 86,446.4 | +0.020% | $150.7M | $478.5M | 150x | as long as short |
| dYdX BTC-USD | +0.0066% | 1h | 86,448.3 | +0.022% | $16.9M | $21.2M | 50x | as long as short |
| Binance BTCUSDT | +0.0069% | 8h | 86,424.6 | −0.005% | $9.42B | $24.58B | 150x | as long as short |
| MEXC BTC_USDT | +0.0069% | 8h | 86,417.1 | −0.014% | $5.15B | $5.67B | 500x | as long as short |
| Aevo BTC-PERP | +0.0072% | 1h | 86,424.5 | −0.005% | $2.4M | $1.3M | 20x | as long as short |
| Gate BTC_USDT | +0.0082% | 8h | 86,413.1 | −0.019% | $5.86B | $10.77B | 200x | as long as short |
| SoDEX BTC-USD | +0.0086% | 1h | 86,430 | +0.001% | $60.4M | $337.9M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,432.1 | +0.003% | $170.2M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,449.9 | +0.024% | $23.9M | $152.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,411 | −0.021% | $8.5M | $52.4M | 100x | as long as short |
| Bybit BTCUSDT | +0.0098% | 8h | 86,412.2 | −0.019% | $5.26B | $9.81B | 150x | as long as short |
| Katana Perps BTC-USDshort | +0.0100% | 8h | 86,393 | −0.042% | $202K | $7.1M | 50x | |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,462 | +0.038% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,430.1 | +0.001% | $22.0M | $234.7M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,506 | +0.089% | $3.79B | $5.11B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,457.8 | +0.033% | $41.1M | $529.8M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,419.8 | −0.011% | $2.55B | $12.73B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,437 | +0.009% | $3.9M | $18.7M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,463.5 | +0.040% | $7.5M | $95.3M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,443.6 | +0.017% | $38.2M | $155.7M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,474.8 | +0.053% | $157.5M | $568.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,448.6 | +0.023% | $279.2M | $945.2M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,485.6 | +0.065% | $217.2M | $171.6M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,461.9 | +0.038% | $141.4M | $323.1M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,471 | +0.048% | $30.7M | $205.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,464 | +0.040% | — | $11.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,423 | −0.007% | $11.1M | $13.8M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,417 | −0.014% | $191K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,435.6 | +0.008% | $2.4M | $9.0M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,459.7 | +0.035% | $140K | $664K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,460.9 | +0.037% | $30.5M | $62.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,410.3 | −0.022% | $3.4M | $5.4M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,412.8 | −0.019% | $2.29B | $969.5M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,464.9 | +0.041% | $572.1M | $16.9M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,395.3 | −0.039% | $45.5M | $227.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,450.9 | +0.025% | — | $98.9M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0110% | 1h | 86,462.6 | +0.039% | $192.1M | $954.4M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,475.3 | +0.053% | $132.3M | $5.65B | 50x | as long as short |
| Aftermath Perps BTCUSD | +0.0146% | 1h | 86,497.4 | +0.079% | $78K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0184% | 1h | 86,493.4 | +0.074% | $728K | $8.1M | 30x | as long as short |
| BloFin BTC-USDT | +0.0189% | 8h | 86,446 | +0.020% | $416.9M | $658.5M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0196% / S −0.0218% | 1h | 86,442.8 | +0.016% | $15.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0207% | 8h | 86,448 | +0.022% | $9.8M | $747.1M | 6.4x | as long as short |
Reya BTCRUSDPERP
BingX BTC-USDC
Bitget BTCUSDT
Phemex BTCUSDT
dYdX BTC-USD
Binance BTCUSDT
MEXC BTC_USDT
Aevo BTC-PERP
Gate BTC_USDT
SoDEX BTC-USD
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Bybit BTCUSDT
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus 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
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Coinbase International BTC-PERP-INTX
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP