Funding you earn now, next payment 00:00 UTC+0.0043%/8h= +4.7% APRnext payment +$0.43 per $10,000 · paid last 24h +0.010%
Price spread now: Katana Perps against MEXC−0.044%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)+0.019%+$2 on $10k
+Price spread, last 7 days+0.046%+$5 · spread now −0.044%, 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: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC BTC_USDT | 86,770 | 0.0057 | pay 0.0057% / 8h | 2h 22m | $5.19B | $5.70B | 500x |
| Short | Katana Perps BTC-USD | 86,732 | 0.0100 | get 0.0100% / 8h | 2h 22m | $203K | $6.8M | 50x |
MEXC BTC_USDT
Katana Perps BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps against MEXC. 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
- $8.99
- Price spread: −0.044% → −0.032%
- −$1.15
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- $0.04
- Costs to cover
- 0.078%
- Break-even
- 7.0 days
Slippage unknown: MEXC: 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 MEXC live order book, 2 min ago | 0.01 bp | 2.0 bp −$2 | 2.0 bp −$20 | 2.0 bp −$201 | 2.1 bp −$1,030 |
| 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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps BTCUSD | −0.0237% | 1h | 86,727.8 | −0.049% | $85K | $188K | 20x | as long as short |
| Perpl BTC | −0.0223% | 43m | 86,760.2 | −0.011% | $429K | $24.8M | 6.7x | as long as short |
| Phoenix BTC | −0.0103% | 1h | 86,781 | +0.013% | $2.2M | $12.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,726 | −0.051% | $9K | $3K | 50x | as long as short |
| dYdX BTC-USD | −0.0067% | 1h | 86,773.8 | +0.004% | $17.6M | $20.6M | 50x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 86,771.2 | +0.001% | $364K | $2.4M | 50x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,767.1 | −0.003% | $934.0M | $1.45B | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0004% | 8h | 86,765.3 | −0.005% | $849.3M | $706.9M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,789.9 | +0.023% | $36.9M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0010% | 8h | 86,758 | −0.014% | $506.7M | $1.16B | 200x | as long as short |
Aftermath Perps BTCUSD
Perpl BTC
Phoenix BTC
Hotstuff BTC-PERP
dYdX BTC-USD
01 Exchange BTCUSD
Deribit BTC-PERPETUAL
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USD
Aster BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0021% | 1h | 86,768 | −0.002% | $6.7M | $144.4M | 40x | as long as short |
| Phemex BTCUSDT | +0.0022% | 8h | 86,741 | −0.033% | $150.2M | $471.6M | 150x | as long as short |
| BingX BTC-USDT | +0.0026% | 8h | 86,773 | +0.003% | — | $1.60B | — | as long as short |
| Bitget BTCUSDT | +0.0034% | 8h | 86,770.3 | 0.000% | $2.96B | $5.08B | 150x | as long as short |
| Injective BTC/USDC PERP | +0.0049% | 1h | 86,639 | −0.151% | $315K | $26.8M | 52x | as long as short |
| Aevo BTC-PERP | +0.0056% | 1h | 86,768.3 | −0.002% | $2.4M | $1.3M | 20x | as long as short |
| MEXC BTC_USDTlong | +0.0057% | 8h | 86,770 | long leg | $5.19B | $5.70B | 500x | |
| Binance BTCUSDT | +0.0059% | 8h | 86,770.9 | +0.001% | $9.45B | $24.35B | 150x | as long as short |
| RISEx BTC/USDC | +0.0063% | 1h | 86,751.4 | −0.021% | $9.2M | $41.9M | 25x | as long as short |
| Gate BTC_USDT | +0.0081% | 8h | 86,774.3 | +0.005% | $5.86B | $10.66B | 200x | as long as short |
| OKX BTC-USDT-SWAP | +0.0082% | 8h | 86,783.7 | +0.016% | $2.56B | $12.75B | 100x | as long as short |
| Bybit BTCUSDT | +0.0085% | 8h | 86,767.2 | −0.003% | $5.29B | $9.70B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,757.5 | −0.014% | $171.9M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,762.4 | −0.009% | $24.0M | $153.7M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,744 | −0.030% | $8.5M | $52.3M | 100x | as long as short |
| Variational Omni BTC | +0.0097% | 8h | 86,726.9 | −0.050% | $159.3M | $566.6M | — | as long as short |
| Katana Perps BTC-USDshort | +0.0100% | 8h | 86,732 | −0.044% | $203K | $6.8M | 50x | |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,791.3 | +0.025% | $4.8M | $8.2M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,739.8 | −0.035% | $21.8M | $235.7M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,832 | +0.071% | $3.82B | $5.11B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,770.9 | +0.001% | $41.0M | $492.6M | 50x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,751 | −0.022% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,808.2 | +0.044% | $7.5M | $94.8M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,577.9 | −0.221% | $571.8M | $22.4M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,722.5 | −0.055% | $38.1M | $148.5M | 75x | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,653.8 | −0.134% | $280.0M | $950.3M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,676.9 | −0.107% | $217.6M | $187.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,687.3 | −0.095% | $141.5M | $322.6M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,775.2 | +0.006% | $30.8M | $204.8M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,820.4 | +0.058% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,768 | −0.002% | $11.1M | $13.8M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,770.8 | +0.001% | $197K | $3.4M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,784.9 | +0.017% | $2.5M | $8.5M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,798.1 | +0.032% | $141K | $619K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,777 | +0.008% | $30.1M | $61.8M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,735.3 | −0.040% | $3.4M | $5.5M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,732 | −0.044% | $60.6M | $336.4M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,729.4 | −0.047% | $2.30B | $958.6M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,732 | −0.044% | $46.3M | $228.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,789.7 | +0.023% | — | $98.9M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0116% | 1h | 86,754.5 | −0.018% | $188.5M | $933.0M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,779.2 | +0.011% | $132.1M | $5.86B | 50x | as long as short |
| Kalshi KXBTCPERP | +0.0139% | 8h | 86,815 | +0.052% | $9.6M | $726.5M | 6.4x | as long as short |
| BloFin BTC-USDT | +0.0177% | 8h | 86,733.1 | −0.043% | $417.1M | $654.9M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0180% / S −0.0209% | 1h | 86,785.8 | +0.018% | $15.0M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0216% | 1h | 86,784 | +0.016% | $698K | $7.1M | 30x | as long as short |
Reya BTCRUSDPERP
Phemex BTCUSDT
BingX BTC-USDT
Bitget BTCUSDT
Injective BTC/USDC PERP
Aevo BTC-PERP
Binance BTCUSDT
RISEx BTC/USDC
Gate BTC_USDT
OKX BTC-USDT-SWAP
Bybit BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Variational Omni BTC
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Backpack BTC_USDC_PERP
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
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Coinbase International BTC-PERP-INTX
Kalshi KXBTCPERP
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P