Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Katana Perps against Nado−0.024%7-day average −0.039% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.004%$0 on $10k
+Price spread, last 7 days+0.026%+$3 · spread now −0.024%, 7d avg −0.039%
=Together, before fees+0.022%+ Points / potential airdropNado: 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 | Nado BTC-PERP | 86,450.1 | 0.0100 | pay 0.0012% / 1h | 30m 49s | $21.9M | $233.7M | 50x |
| Short | Katana Perps BTC-USD | 86,429 | 0.0100 | get 0.0100% / 8h | 1h 30m | $200K | $6.9M | 50x |
Nado BTC-PERP
Katana Perps BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps against Nado. 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: −0.024% → −0.039%
- $1.43
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- −$9.42
- Costs to cover
- 0.108%
- Break-even
- never at this rate
Slippage unknown: Nado: live order book, 3 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 Nado live order book, 3 min ago | 0.06 bp | 3.6 bp −$4 | 3.7 bp −$37 | 5.1 bp −$510 | 10.9 bp −$5,467 |
| 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.0500% | 1h | 86,397.1 | −0.061% | $140K | $618K | 40x | as long as short |
| Phoenix BTC | −0.0159% | 1h | 86,459 | +0.010% | $2.2M | $11.8M | 40x | as long as short |
| Aftermath Perps BTCUSD | −0.0092% | 1h | 86,549.1 | +0.115% | $83K | $216K | 20x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,440 | −0.012% | $9K | $3K | 50x | as long as short |
| Aster BTCUSDT | −0.0012% | 8h | 86,339.7 | −0.128% | $503.9M | $1.15B | 200x | as long as short |
| 01 Exchange BTCUSD | −0.0008% | 1h | 86,456.2 | +0.007% | $358K | $2.4M | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0001% | 8h | 86,331.8 | −0.137% | $850.6M | $709.2M | 125x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,456.1 | +0.007% | $421K | $23.8M | 6.7x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,400.7 | −0.057% | $921.9M | $1.48B | 50x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 86,364.7 | −0.099% | $16.9M | $21.1M | 50x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Aftermath Perps BTCUSD
Hotstuff BTC-PERP
Aster BTCUSDT
01 Exchange BTCUSD
KuCoin XBTUSDTM
Perpl BTC
Deribit BTC-PERPETUAL
dYdX BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,460.7 | +0.012% | $36.8M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0006% | 1h | 86,447.8 | −0.003% | $8.5M | $43.2M | 25x | as long as short |
| Reya BTCRUSDPERP | +0.0022% | 1h | 86,424.2 | −0.030% | $6.7M | $144.9M | 40x | as long as short |
| Injective BTC/USDC PERP | +0.0024% | 1h | 86,559 | +0.126% | $315K | $26.8M | 52x | as long as short |
| Phemex BTCUSDT | +0.0032% | 8h | 86,360 | −0.104% | $149.3M | $476.0M | 150x | as long as short |
| BingX BTC-USDT | +0.0034% | 8h | 86,344.5 | −0.122% | — | $1.59B | — | as long as short |
| Bitget BTCUSDT | +0.0043% | 8h | 86,330 | −0.139% | $2.94B | $5.09B | 150x | as long as short |
| Hibachi BTC/USDT-P | +0.0056% | 1h | 86,482.2 | +0.037% | $724K | $8.2M | 30x | as long as short |
| MEXC BTC_USDT | +0.0059% | 8h | 86,344.3 | −0.122% | $5.12B | $5.67B | 500x | as long as short |
| Binance BTCUSDT | +0.0060% | 8h | 86,349.9 | −0.116% | $9.40B | $24.36B | 150x | as long as short |
| Aevo BTC-PERP | +0.0064% | 1h | 86,359.9 | −0.104% | $2.4M | $1.3M | 20x | as long as short |
| Gate BTC_USDT | +0.0074% | 8h | 86,343.3 | −0.123% | $5.85B | $10.67B | 200x | as long as short |
| SoDEX BTC-USD | +0.0089% | 1h | 86,370 | −0.093% | $60.4M | $337.2M | 40x | as long as short |
| Bybit BTCUSDT | +0.0089% | 8h | 86,347.5 | −0.119% | $5.25B | $9.73B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,347.9 | −0.118% | $171.0M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,367.9 | −0.095% | $24.0M | $152.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,443 | −0.008% | $8.5M | $52.2M | 100x | as long as short |
| Katana Perps BTC-USDshort | +0.0100% | 8h | 86,429 | −0.024% | $200K | $6.9M | 50x | |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,382.5 | −0.078% | $4.8M | $8.4M | 50x | as long as short |
| Nado BTC-PERPlong | +0.0100% | 1h | 86,450.1 | long leg | $21.9M | $233.7M | 50x | |
| Hyperliquid BTC | +0.0100% | 1h | 86,409 | −0.047% | $3.80B | $5.10B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,380.8 | −0.080% | $41.0M | $505.2M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,349.9 | −0.116% | $2.53B | $12.70B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,446 | −0.005% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,517.7 | +0.078% | $7.4M | $93.8M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,703.1 | +0.293% | $573.0M | $18.8M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,337 | −0.131% | $38.2M | $153.9M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,541.3 | +0.106% | $156.5M | $566.0M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,500.3 | +0.058% | $279.4M | $945.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,543.9 | +0.109% | $217.3M | $174.1M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,518.6 | +0.079% | $141.4M | $323.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,455.4 | +0.006% | $30.7M | $203.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,490.4 | +0.047% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,444 | −0.007% | $11.0M | $13.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,439.5 | −0.012% | $191K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,380.6 | −0.080% | $2.4M | $8.6M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,375.3 | −0.087% | $30.0M | $61.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,422.7 | −0.032% | $3.4M | $5.4M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,330.8 | −0.138% | $2.29B | $967.5M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,329.4 | −0.140% | $45.9M | $226.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,468.4 | +0.021% | — | $98.5M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,407.9 | −0.049% | $131.4M | $5.69B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,394.1 | −0.065% | $190.3M | $939.6M | 100x | as long as short |
| BloFin BTC-USDT | +0.0180% | 8h | 86,337.5 | −0.130% | $413.9M | $651.2M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0183% / S −0.0217% | 1h | 86,451.9 | +0.002% | $15.4M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0195% | 8h | 86,435 | −0.017% | $9.6M | $730.2M | 6.4x | as long as short |
gTrade (Gains Network) BTC/USD
RISEx BTC/USDC
Reya BTCRUSDPERP
Injective BTC/USDC PERP
Phemex BTCUSDT
BingX BTC-USDT
Bitget BTCUSDT
Hibachi BTC/USDT-P
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
Gate BTC_USDT
SoDEX BTC-USD
Bybit BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Paradex BTC-USD-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
HTX BTC-USDT
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