BTC

Alert

Funding spread now, next payment 16:00 UTC+0.0028%/8h

paid, last 24h+0.001%paid, last 3 days−0.008%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Katana Perps BTC-USD	85,863	0.0100	pay 0.0100% / 8h	25m 06s	$190K	$5.5M	50x
Short	RISEx BTC/USDC	85,908.3	0.0128	get 0.0016% / 1h	25m 06s	$8.4M	$38.5M	25x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Katana PerpsbpFee RISExbpOrdersRate

Funding earned: $5.84
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$3.96
Break-even: 11.7 days

Slippage unknown: Katana Perps: no order-book sample; RISEx: live order book, 6 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.053%
Avg gap 7d: +0.041%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 RISEx live order book, 6 min ago	0.01 bp	4.0 bp −$4	4.1 bp −$41	10.8 bp −$1,077	doesn't fit

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 55 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
ApeX Omni BTCUSDT	−0.0112%	1h	$139.1M	$318.5M	100x	as long as short
Perpl BTC	−0.0112%	43m	$432K	$30.0M	6.7x	as long as short
Phoenix BTC	−0.0086%	1h	$1.8M	$10.8M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$4K	50x	as long as short
01 Exchange BTCUSD	−0.0064%	1h	$290K	$2.4M	50x	as long as short
BloFin BTC-USDT	−0.0055%	8h	$431.0M	$557.2M	150x	as long as short
Aftermath Perps BTCUSD	−0.0028%	1h	$86K	$154K	20x	as long as short
Reya BTCRUSDPERP	−0.0022%	1h	$6.7M	$137.7M	40x	as long as short
Gate BTC_USDT	−0.0017%	8h	$6.13B	$9.45B	200x	as long as short
Phemex BTCUSDT	−0.0017%	8h	$155.0M	$404.3M	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
SoDEX BTC-USD	−0.0015%	1h	$60.9M	$283.4M	40x	as long as short
Bitget BTCUSDT	−0.0005%	8h	$2.97B	$4.68B	150x	as long as short
BingX BTC-USDC	−0.0005%	8h	—	$14.8M	—	as long as short
dYdX BTC-USD	0.0000%	1h	$17.2M	$17.4M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	$36.8M	—	200x	as long as short
OKX BTC-USDT-SWAP	+0.0029%	8h	$2.65B	$11.61B	100x	as long as short
KuCoin XBTUSDTM	+0.0036%	8h	$789.0M	$616.4M	125x	as long as short
Aster BTCUSDT	+0.0038%	8h	$486.5M	$1.12B	200x	as long as short
HTX BTC-USDT	+0.0064%	8h	$2.29B	$853.3M	200x	as long as short
MEXC BTC_USDT	+0.0064%	8h	$5.07B	$5.12B	500x	as long as short
Aevo BTC-PERP	+0.0064%	1h	$2.4M	$1.6M	20x	as long as short
Binance BTCUSDT	+0.0065%	8h	$9.53B	$21.70B	150x	as long as short
Kraken Futures PF_XBTUSD	+0.0071%	1h	$185.7M	$817.1M	100x	as long as short
Popdex BTCUSDT	+0.0088%	1h	$8.5M	$45.5M	100x	as long as short
Paradex BTC-USD-PERP	+0.0088%	8h	$4.4M	$6.6M	50x	as long as short
Lighter BTC	+0.0096%	1h	$171.8M	$929.3M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.7M	$138.7M	50x	as long as short
Bybit BTCUSDT	+0.0099%	8h	$5.18B	$8.50B	150x	as long as short
StandX BTC-USD	+0.0099%	1h	$30.6M	$231.8M	40x	as long as short
Katana Perps BTC-USDlong	+0.0100%	8h	$190K	$5.5M	50x
Nado BTC-PERP	+0.0100%	1h	$23.8M	$229.9M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.5M	$350.6M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$3.9M	$16.3M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	$6.0M	$83.9M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	$548.9M	$98.1M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$38.8M	$106.8M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	$170.2M	$510.0M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	$277.9M	$874.0M	100x	as long as short
Vest BTC-PERP	+0.0100%	1h	—	$12.4M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	$11.0M	$11.7M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	$242K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.4M	$7.2M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	$143K	$406K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	$30.1M	$59.2M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.3M	$6.1M	100x	as long as short
Kalshi KXBTCPERP	+0.0102%	8h	$12.1M	$573.0M	6.4x	as long as short
Extended BTC-USD	+0.0104%	1h	$48.6M	$210.0M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$89.7M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	$150.1M	$6.23B	50x	as long as short
Injective BTC/USDC PERP	+0.0108%	1h	$308K	$27.0M	52x	as long as short
RISEx BTC/USDCshort	+0.0128%	1h	$8.4M	$38.5M	25x
GMX BTC/USD [WBTC.b-USDC]	L +0.0198% / S −0.0175%	1h	$12.5M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0232%	1h	$638K	$7.3M	30x	as long as short
Hyperliquid BTC	+0.0242%	1h	$3.89B	$4.42B	40x	as long as short
Deribit BTC-PERPETUAL	+0.0332%	1h	$900.8M	$1.09B	50x	as long as short