Funding you earn now, next payment 16:00 UTC+0.0065%/8h= +7.1% APRnext payment +$0.65 per $10,000 · paid last 24h +0.025%
Price spread now: Katana Perps against KuCoin−0.042%7-day average −0.033% · 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)+0.070%+$7 on $10k
+Price spread, last 7 days+0.012%+$1 · spread now −0.042%, 7d avg −0.033%
=The price spread sits at its 7-day average of −0.033%, 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 | KuCoin XBTUSDTM | 85,738.7 | 0.0035 | pay 0.0035% / 8h | 6h 52m | $918.2M | $672.9M | 125x |
| Short | Katana Perps BTC-USD | 85,703 | 0.0100 | get 0.0100% / 8h | 6h 52m | $248K | $8.2M | 50x |
KuCoin XBTUSDTM
Katana Perps BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps against KuCoin. 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
- $13.61
- Price spread: −0.042% → −0.033%
- −$0.87
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- −$3.07
- Costs to cover
- 0.158%
- Break-even
- 8.6 days
Slippage unknown: KuCoin: live order book, 6 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 KuCoin live order book, 6 min ago | 0.01 bp | 6.0 bp −$6 | 6.5 bp −$65 | 8.6 bp −$864 | 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 55 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 | −0.0970% | 1h | 85,788.7 | +0.058% | $194K | $646K | 40x | as long as short |
| ApeX Omni BTCUSDT | −0.0777% | 1h | 85,760.3 | +0.025% | $136.5M | $301.4M | 100x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,725 | −0.016% | $8K | $2K | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0065% | 1h | 85,739 | 0.000% | $300K | $25.5M | 52x | as long as short |
| 01 Exchange BTCUSD | −0.0064% | 1h | 85,706.4 | −0.038% | $356K | $2.1M | 50x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,763.4 | +0.029% | $423.8M | $621.2M | 150x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,687.8 | −0.059% | $16.8M | $17.6M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,758.5 | +0.023% | $36.7M | — | 200x | as long as short |
| Bybit BTCUSDT | +0.0027% | 8h | 85,778.9 | +0.047% | $5.06B | $9.06B | 150x | as long as short |
| KuCoin XBTUSDTMlong | +0.0035% | 8h | 85,738.7 | long leg | $918.2M | $672.9M | 125x |
Bluefin BTC-PERP
ApeX Omni BTCUSDT
Hotstuff BTC-PERP
Injective BTC/USDC PERP
01 Exchange BTCUSD
BloFin BTC-USDT
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Bybit BTCUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BTCUSDT | +0.0043% | 8h | 85,771.3 | +0.038% | $502.5M | $967.1M | 200x | as long as short |
| SoDEX BTC-USD | +0.0051% | 1h | 85,750 | +0.013% | $60.0M | $251.7M | 40x | as long as short |
| Phoenix BTC | +0.0053% | 1h | 85,748 | +0.011% | $2.0M | $8.5M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0092% | 1h | 85,765.7 | +0.031% | $36.5M | $189.0M | 75x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,779.7 | +0.048% | $170.9M | $874.6M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,775.6 | +0.043% | $23.0M | $122.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,706 | −0.038% | $8.4M | $52.3M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,748.7 | +0.012% | $2.4M | $6.7M | 20x | as long as short |
| Paradex BTC-USD-PERP | +0.0099% | 8h | 85,794.2 | +0.065% | $6.0M | $8.6M | 50x | as long as short |
| Katana Perps BTC-USDshort | +0.0100% | 8h | 85,703 | −0.042% | $248K | $8.2M | 50x | |
| Nado BTC-PERP | +0.0100% | 1h | 85,750.1 | +0.013% | $22.1M | $212.3M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,857 | +0.138% | $3.84B | $4.71B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,786.3 | +0.056% | $40.5M | $587.4M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,788.3 | +0.058% | $9.41B | $23.12B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,799.9 | +0.071% | $2.59B | $10.77B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,763 | +0.028% | $4.0M | $16.4M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,776.1 | +0.044% | $4.7M | $93.6M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,780 | +0.048% | $5.44B | $9.11B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,777.6 | +0.045% | $5.12B | $5.30B | 500x | as long as short |
| Bitget BTCUSDT | +0.0100% | 8h | 85,801.8 | +0.074% | $2.96B | $4.56B | 150x | as long as short |
| BingX BTC-USDC | +0.0100% | 8h | 85,755.9 | +0.020% | — | $16.6M | — | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,961.3 | +0.260% | $156.3M | $509.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,807.7 | +0.081% | $289.3M | $987.2M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,060.9 | +0.376% | $216.3M | $140.7M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,696.4 | −0.049% | $30.2M | $214.1M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,784.1 | +0.053% | — | $10.7M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,714 | −0.029% | $11.0M | $13.4M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,727 | −0.014% | $203K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,748.3 | +0.011% | $2.6M | $9.5M | 100x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,720.5 | −0.021% | $3.2M | $7.3M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,757.9 | +0.022% | $2.27B | $911.6M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,785.5 | +0.055% | $166.4M | $495.2M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,993 | +0.297% | $711.2M | $175.6M | 40x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0102% | 1h | 85,782.1 | +0.051% | $187.9M | $863.2M | 100x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,775.5 | +0.043% | $46.7M | $220.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,779 | +0.047% | — | $93.0M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 85,794 | +0.064% | $111.9M | $5.23B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0155% | 1h | 85,760.6 | +0.026% | $6.6M | $131.8M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0179% | 8h | 85,764 | +0.030% | $10.5M | $730.0M | 6.4x | as long as short |
| Deribit BTC-PERPETUAL | +0.0184% | 1h | 85,809.1 | +0.082% | $837.6M | $1.61B | 50x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0199% / S −0.0183% | 1h | 85,747.9 | +0.011% | $13.1M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0204% | 1h | 85,749.9 | +0.013% | $8.9M | $40.1M | 25x | as long as short |
| Hibachi BTC/USDT-P | +0.0280% | 1h | 85,822.7 | +0.098% | $685K | $7.4M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0417% | 1h | 85,973 | +0.273% | $82K | $256K | 20x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,743 | +0.005% | $488K | $16.3M | 6.7x | as long as short |
Aster BTCUSDT
SoDEX BTC-USD
Phoenix BTC
Backpack BTC_USDC_PERP
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Binance BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
MEXC BTC_USDT
Bitget BTCUSDT
BingX BTC-USDC
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
SunX BTC-USDT
HTX BTC-USDT
Phemex BTCUSDT
Bulk BTC-USD
Kraken Futures PF_XBTUSD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
Kalshi KXBTCPERP
Deribit BTC-PERPETUAL
GMX BTC/USD [WBTC.b-USDC]
RISEx BTC/USDC
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
Perpl BTC