Funding you earn now, next payment 05:00 UTC−0.0051%/8h= −5.5% APRpaid last 24h −0.012%
Price spread now: SoDEX against Katana Perps0.000%7-day average +0.011% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.028%−$3 on $10k
+Price spread, last 4 days (all we have)−0.031%−$3 · spread now 0.000%, 7d avg +0.011%
=The price spread sits at its 7-day average of +0.011%, 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 | Katana Perps BTC-USD | 85,462 | 0.0100 | pay 0.0100% / 8h | 3h 13m | $228K | $8.4M | 50x |
| Short | SoDEX BTC-USD | 85,462 | 0.0049 | get 0.0006% / 1h | 13m 42s | $59.9M | $335.9M | 40x |
Katana Perps BTC-USD
SoDEX BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against Katana Perps. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
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How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$10.61
- Price spread: 0.000% → +0.011%
- −$1.09
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$23.5
- Costs to cover
- 0.118%
- Break-even
- never at this rate
Slippage unknown: Katana Perps: no order-book sample; SoDEX: live order book, 5 min ago. 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 Katana Perps no order-book sample | — | — | — | — | — |
| Sell SoDEX live order book, 5 min ago | 0.06 bp | 4.1 bp −$4 | 4.1 bp −$41 | 5.0 bp −$499 | 43.5 bp −$21.7K |
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 | −0.0140% | 1h | 85,565 | +0.121% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,540 | +0.091% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0045% | 8h | 85,464.9 | +0.003% | $919.6M | $758.1M | 125x | as long as short |
| BloFin BTC-USDT | −0.0026% | 8h | 85,488.5 | +0.031% | $419.6M | $675.9M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0008% | 1h | 85,483.3 | +0.025% | $363K | $2.3M | 50x | as long as short |
| Aster BTCUSDT | −0.0007% | 8h | 85,469.6 | +0.009% | $514.6M | $1.10B | 200x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,487.1 | +0.029% | $503K | $18.7M | 6.7x | as long as short |
| Nado BTC-PERP | +0.0003% | 1h | 85,480.3 | +0.021% | $24.4M | $222.9M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,480.9 | +0.022% | $36.5M | — | 200x | as long as short |
| dYdX BTC-USD | +0.0030% | 1h | 85,493.3 | +0.037% | $16.8M | $21.2M | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
01 Exchange BTCUSD
Aster BTCUSDT
Perpl BTC
Nado BTC-PERP
gTrade (Gains Network) BTC/USD
dYdX BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0044% | 1h | 85,552 | +0.105% | $340K | $26.9M | 52x | as long as short |
| SoDEX BTC-USDshort | +0.0049% | 1h | 85,462 | 0.000% | $59.9M | $335.9M | 40x | |
| Deribit BTC-PERPETUAL | +0.0061% | 1h | 85,506.9 | +0.053% | $872.2M | $1.60B | 50x | as long as short |
| BingX BTC-USDT | +0.0063% | 8h | 85,484 | +0.026% | — | $1.55B | — | as long as short |
| Phemex BTCUSDT | +0.0068% | 8h | 85,475.8 | +0.016% | $148.7M | $497.0M | 150x | as long as short |
| Bitget BTCUSDT | +0.0079% | 8h | 85,482.3 | +0.024% | $2.95B | $5.12B | 150x | as long as short |
| Binance BTCUSDT | +0.0093% | 8h | 85,474.1 | +0.014% | $9.45B | $24.47B | 150x | as long as short |
| MEXC BTC_USDT | +0.0093% | 8h | 85,474.2 | +0.014% | $5.08B | $5.67B | 500x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,489 | +0.032% | $172.0M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,486.4 | +0.029% | $23.9M | $149.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,479 | +0.020% | $8.4M | $55.1M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,456.7 | −0.006% | $2.7M | $3.4M | 20x | as long as short |
| Katana Perps BTC-USDlong | +0.0100% | 8h | 85,462 | long leg | $228K | $8.4M | 50x | |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,537 | +0.088% | $5.7M | $9.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,560 | +0.115% | $3.79B | $5.02B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,511.8 | +0.058% | $40.4M | $591.8M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,469.5 | +0.009% | $5.17B | $9.87B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,487.4 | +0.030% | $2.59B | $12.12B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,471 | +0.011% | $3.8M | $17.7M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,474.4 | +0.015% | $4.7M | $99.4M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,479.2 | +0.020% | $5.53B | $10.85B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,456 | −0.007% | $36.4M | $178.5M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,488.9 | +0.031% | $154.5M | $565.3M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,546.8 | +0.099% | $279.5M | $931.6M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,570.8 | +0.127% | $215.0M | $168.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,566.9 | +0.123% | $139.9M | $316.2M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,560.5 | +0.115% | $30.2M | $206.8M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,545 | +0.097% | — | $11.0M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,480 | +0.021% | $11.1M | $14.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,476.8 | +0.017% | $204K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,458.1 | −0.005% | $2.5M | $8.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,508.2 | +0.054% | $207K | $737K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,449.3 | −0.015% | $30.0M | $50.1M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,457.4 | −0.005% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,466.3 | +0.005% | $2.26B | $950.0M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,447 | −0.018% | $679.5M | $701.9M | 40x | as long as short |
| Reya BTCRUSDPERP | +0.0103% | 1h | 85,476 | +0.016% | $6.6M | $147.2M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,449.8 | −0.014% | $45.7M | $235.0M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,504.1 | +0.049% | — | $106.4M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,501.5 | +0.046% | $117.0M | $5.26B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0135% | 1h | 85,479.5 | +0.020% | $187.7M | $956.6M | 100x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,511.5 | +0.058% | $8.6M | $42.9M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,492.2 | +0.035% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0176% | 8h | 85,519 | +0.067% | $11.4M | $753.5M | 6.4x | as long as short |
| Hibachi BTC/USDT-P | +0.0240% | 1h | 85,555.1 | +0.109% | $700K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0254% | 1h | 85,533.2 | +0.083% | $78K | $222K | 20x | as long as short |
Injective BTC/USDC PERP
Deribit BTC-PERPETUAL
BingX BTC-USDT
Phemex BTCUSDT
Bitget BTCUSDT
Binance BTCUSDT
MEXC BTC_USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
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
Reya BTCRUSDPERP
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD