Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Katana Perps against Ondo Perps−0.044%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 4 days (all we have)−0.009%−$1 on $10k
+Price spread, last 7 days+0.229%+$23 · spread now −0.044%, 7d avg −0.039%
=Together, before fees+0.220%+ Points / potential airdropOndo Perps: Active · farm board+$22 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps BTC-USD.P | 86,564 | 0.0100 | pay 0.0013% / 1h | 39m 55s | $3.9M | $18.6M | 25x |
| Short | Katana Perps BTC-USD | 86,526 | 0.0100 | get 0.0100% / 8h | 39m 55s | $200K | $7.0M | 50x |
Ondo Perps BTC-USD.P
Katana Perps BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps against Ondo Perps. 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: −0.044% → −0.039%
- −$0.52
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- −$9.36
- Costs to cover
- 0.088%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Katana Perps no order-book sample | — | — | — | — | — |
Ondo Perps and 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 | −0.0118% | 1h | 86,598 | +0.039% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,553 | −0.013% | $9K | $3K | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0035% | 1h | 86,568 | +0.005% | $333K | $26.8M | 52x | as long as short |
| RISEx BTC/USDC | −0.0024% | 1h | 86,562.6 | −0.002% | $8.3M | $42.9M | 25x | as long as short |
| 01 Exchange BTCUSD | −0.0024% | 1h | 86,560.2 | −0.004% | $360K | $2.5M | 50x | as long as short |
| Aster BTCUSDT | 0.0000% | 8h | 86,543.1 | −0.024% | $502.0M | $1.15B | 200x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,577.2 | +0.015% | $916.5M | $1.49B | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,566.2 | +0.003% | $36.9M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0013% | 8h | 86,540.7 | −0.027% | $850.6M | $715.1M | 125x | as long as short |
| Reya BTCRUSDPERP | +0.0027% | 1h | 86,542.8 | −0.025% | $6.7M | $145.4M | 40x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
Injective BTC/USDC PERP
RISEx BTC/USDC
01 Exchange BTCUSD
Aster BTCUSDT
Deribit BTC-PERPETUAL
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
Reya BTCRUSDPERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX BTC-USD | +0.0029% | 1h | 86,584.4 | +0.024% | $17.0M | $21.1M | 50x | as long as short |
| BingX BTC-USDT | +0.0042% | 8h | 86,550.6 | −0.015% | — | $1.59B | — | as long as short |
| Phemex BTCUSDT | +0.0044% | 8h | 86,548.8 | −0.018% | $150.5M | $479.2M | 150x | as long as short |
| Bitget BTCUSDT | +0.0052% | 8h | 86,535.2 | −0.033% | $2.96B | $5.12B | 150x | as long as short |
| Binance BTCUSDT | +0.0072% | 8h | 86,549.9 | −0.016% | $9.43B | $24.58B | 150x | as long as short |
| MEXC BTC_USDT | +0.0072% | 8h | 86,543.3 | −0.024% | $5.15B | $5.65B | 500x | as long as short |
| Aevo BTC-PERP | +0.0072% | 1h | 86,538.5 | −0.029% | $2.4M | $1.3M | 20x | as long as short |
| Gate BTC_USDT | +0.0082% | 8h | 86,539.9 | −0.028% | $5.88B | $10.75B | 200x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,550.7 | −0.015% | $170.5M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,558.3 | −0.007% | $24.0M | $151.9M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,551 | −0.015% | $8.5M | $52.6M | 100x | as long as short |
| SoDEX BTC-USD | +0.0097% | 1h | 86,543 | −0.024% | $60.5M | $337.7M | 40x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 86,546 | −0.021% | $5.26B | $9.82B | 150x | as long as short |
| Katana Perps BTC-USDshort | +0.0100% | 8h | 86,526 | −0.044% | $200K | $7.0M | 50x | |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,593.7 | +0.034% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,574.9 | +0.013% | $21.9M | $234.8M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,615 | +0.059% | $3.80B | $5.11B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,598.7 | +0.040% | $40.8M | $524.0M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,545 | −0.022% | $2.55B | $12.76B | 100x | as long as short |
| Ondo Perps BTC-USD.Plong | +0.0100% | 1h | 86,564 | long leg | $3.9M | $18.6M | 25x | |
| Arcus BTC-USD | +0.0100% | 1h | 86,591.6 | +0.032% | $7.6M | $95.1M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,538.4 | −0.030% | $38.4M | $155.1M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,585.8 | +0.025% | $157.4M | $570.0M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,643 | +0.091% | $279.9M | $948.2M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,607.5 | +0.050% | $217.5M | $171.6M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,662 | +0.113% | $141.6M | $323.3M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,574 | +0.012% | $30.7M | $204.8M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,605.6 | +0.048% | — | $11.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,551 | −0.015% | $11.1M | $13.8M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,547 | −0.020% | $191K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,548.7 | −0.018% | $2.4M | $9.0M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,577.1 | +0.015% | $140K | $663K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,574.6 | +0.012% | $30.6M | $62.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,556.7 | −0.008% | $3.4M | $5.4M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,531.6 | −0.037% | $2.30B | $970.9M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,562.5 | −0.002% | $572.7M | $17.7M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,523 | −0.047% | $45.5M | $227.2M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,617.3 | +0.062% | — | $98.9M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0110% | 1h | 86,569.3 | +0.006% | $193.5M | $951.6M | 100x | as long as short |
| Perpl BTC | +0.0112% | 43m | 86,584.2 | +0.023% | $417K | $23.2M | 6.7x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,584.6 | +0.024% | $132.6M | $5.68B | 50x | as long as short |
| Aftermath Perps BTCUSD | +0.0123% | 1h | 86,601.4 | +0.043% | $79K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0184% | 1h | 86,625.4 | +0.071% | $728K | $8.1M | 30x | as long as short |
| BloFin BTC-USDT | +0.0193% | 8h | 86,593.5 | +0.034% | $413.9M | $658.9M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0193% / S −0.0215% | 1h | 86,561 | −0.004% | $15.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0209% | 8h | 86,583 | +0.022% | $9.6M | $743.9M | 6.4x | as long as short |
dYdX BTC-USD
BingX BTC-USDT
Phemex BTCUSDT
Bitget BTCUSDT
Binance BTCUSDT
MEXC BTC_USDT
Aevo BTC-PERP
Gate BTC_USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
SoDEX BTC-USD
Bybit BTCUSDT
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Arcus 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
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Perpl BTC
Coinbase International BTC-PERP-INTX
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP