Funding you earn now, next payment 23:00 UTC+0.0094%/8h= +10.2% APRpaid last 24h +0.003%
Price spread now: Katana Perps against RISEx−0.035%7-day average −0.041% · 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)+0.013%+$1 on $10k
+Price spread, last 7 days+0.012%+$1 · spread now −0.035%, 7d avg −0.041%
=The price spread sits at its 7-day average of −0.041%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx BTC/USDC | 86,558.5 | 0.0006 | pay 0.0001% / 1h | 20m 53s | $8.5M | $43.0M | 25x |
| Short | Katana Perps BTC-USD | 86,528 | 0.0100 | get 0.0100% / 8h | 1h 20m | $205K | $6.9M | 50x |
RISEx BTC/USDC
Katana Perps BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps against RISEx. 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
- $19.65
- Price spread: −0.035% → −0.041%
- $0.59
- Slippage, 4 orders
- no order book: not counted
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- $10.45
- Costs to cover
- 0.098%
- Break-even
- 3.3 days
Slippage unknown: RISEx: 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 RISEx live order book, 3 min ago | 0.01 bp | 4.0 bp −$4 | 4.0 bp −$40 | 11.5 bp −$1,153 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.0933% | 1h | 86,547.7 | −0.012% | $140K | $620K | 40x | as long as short |
| Phoenix BTC | −0.0159% | 1h | 86,503 | −0.064% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,549 | −0.011% | $9K | $3K | 50x | as long as short |
| Aftermath Perps BTCUSD | −0.0013% | 1h | 86,523.3 | −0.041% | $82K | $217K | 20x | as long as short |
| Aster BTCUSDT | −0.0009% | 8h | 86,502.1 | −0.065% | $504.4M | $1.15B | 200x | as long as short |
| 01 Exchange BTCUSD | −0.0008% | 1h | 86,550.8 | −0.009% | $360K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,544.6 | −0.016% | $424K | $23.8M | 6.7x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,562.3 | +0.004% | $921.1M | $1.48B | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0002% | 8h | 86,507.8 | −0.059% | $851.3M | $711.5M | 125x | as long as short |
| dYdX BTC-USD | +0.0004% | 1h | 86,541 | −0.020% | $17.0M | $21.1M | 50x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Hotstuff BTC-PERP
Aftermath Perps BTCUSD
Aster BTCUSDT
01 Exchange BTCUSD
Perpl BTC
Deribit BTC-PERPETUAL
KuCoin XBTUSDTM
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 | 86,546.4 | −0.014% | $36.8M | — | 200x | as long as short |
| RISEx BTC/USDClong | +0.0006% | 1h | 86,558.5 | long leg | $8.5M | $43.0M | 25x | |
| Reya BTCRUSDPERP | +0.0023% | 1h | 86,502 | −0.065% | $6.7M | $144.9M | 40x | as long as short |
| Injective BTC/USDC PERP | +0.0024% | 1h | 86,559 | +0.001% | $315K | $26.8M | 52x | as long as short |
| Phemex BTCUSDT | +0.0033% | 8h | 86,519.8 | −0.045% | $149.8M | $476.6M | 150x | as long as short |
| BingX BTC-USDC | +0.0035% | 8h | 86,482.4 | −0.088% | — | $15.3M | — | as long as short |
| Bitget BTCUSDT | +0.0045% | 8h | 86,493.4 | −0.075% | $2.95B | $5.10B | 150x | as long as short |
| MEXC BTC_USDT | +0.0062% | 8h | 86,498.1 | −0.070% | $5.14B | $5.69B | 500x | as long as short |
| Binance BTCUSDT | +0.0063% | 8h | 86,499.9 | −0.068% | $9.43B | $24.42B | 150x | as long as short |
| Aevo BTC-PERP | +0.0064% | 1h | 86,531.8 | −0.031% | $2.4M | $1.3M | 20x | as long as short |
| Gate BTC_USDT | +0.0079% | 8h | 86,508.9 | −0.057% | $5.85B | $10.73B | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0080% | 1h | 86,530.7 | −0.032% | $717K | $8.2M | 30x | as long as short |
| Bybit BTCUSDT | +0.0091% | 8h | 86,498.2 | −0.070% | $5.26B | $9.77B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,536.9 | −0.025% | $170.9M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,539.3 | −0.022% | $24.1M | $152.4M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,535 | −0.027% | $8.5M | $52.4M | 100x | as long as short |
| Katana Perps BTC-USDshort | +0.0100% | 8h | 86,528 | −0.035% | $205K | $6.9M | 50x | |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,586.6 | +0.032% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,550 | −0.010% | $22.0M | $234.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,571 | +0.014% | $3.80B | $5.09B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,591.8 | +0.039% | $40.8M | $513.3M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,494.2 | −0.074% | $2.54B | $12.74B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,562 | +0.004% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,624.1 | +0.076% | $7.4M | $94.3M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,343.9 | −0.248% | $570.6M | $18.8M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,493.8 | −0.075% | $37.9M | $155.2M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,374.3 | −0.213% | $155.6M | $566.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,398.5 | −0.185% | $279.2M | $947.6M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,484.6 | −0.085% | $217.1M | $175.1M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,464.3 | −0.109% | $141.4M | $323.2M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,483.3 | −0.087% | $30.7M | $203.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,567.2 | +0.010% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,514 | −0.051% | $11.1M | $13.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,528 | −0.035% | $190K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,540.3 | −0.021% | $2.4M | $8.7M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,525.9 | −0.038% | $30.3M | $61.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,489.1 | −0.080% | $3.4M | $5.4M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,531 | −0.032% | $60.4M | $337.2M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,509.4 | −0.057% | $2.30B | $968.6M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,475.9 | −0.095% | $45.4M | $226.6M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,578.5 | +0.023% | — | $98.7M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,567.6 | +0.011% | $132.0M | $5.71B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,553.9 | −0.005% | $191.5M | $944.0M | 100x | as long as short |
| BloFin BTC-USDT | +0.0183% | 8h | 86,513.9 | −0.051% | $415.8M | $654.8M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0184% / S −0.0211% | 1h | 86,537 | −0.025% | $15.2M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0198% | 8h | 86,567 | +0.010% | $9.7M | $733.7M | 6.4x | as long as short |
gTrade (Gains Network) BTC/USD
Reya BTCRUSDPERP
Injective BTC/USDC PERP
Phemex BTCUSDT
BingX BTC-USDC
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
Gate BTC_USDT
Hibachi BTC/USDT-P
Bybit BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
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
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