BTC

Alert

Funding spread now, next payment 18:00 UTC+0.0148%/8h

paid, last 24h+0.032%paid, last 3 days+0.093%to open and closeno order book

Long on 01 Exchange Short on Katana Perps

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange BTCUSD	85,687.1	−0.0048	get 0.0006% / 1h	4m 36s	$308K	$2.4M	50x
Short	Katana Perps BTC-USD	85,668	0.0100	get 0.0100% / 8h	6h 04m	$192K	$5.8M	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee 01 ExchangebpFee Katana PerpsbpOrdersRate

Funding earned: $31.04
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: $20.24
Break-even: 2.4 days

Slippage unknown: 01 Exchange: live order book, 1 min ago; Katana Perps: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.022%
Avg gap 7d: −0.029%

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 01 Exchange live order book, 1 min ago	0.08 bp	3.6 bp −$4	11.0 bp −$110	doesn't fit	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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bluefin BTC-PERP	−0.0941%	1h	$143K	$411K	40x	as long as short
Perpl BTC	−0.0447%	43m	$413K	$26.5M	6.7x	as long as short
Arcus BTC-USD	−0.0377%	1h	$6.7M	$85.3M	40x	as long as short
BloFin BTC-USDT	−0.0099%	8h	$423.0M	$565.5M	150x	as long as short
Phoenix BTC	−0.0096%	1h	$1.9M	$11.0M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	$9K	$4K	50x	as long as short
ApeX Omni BTCUSDT	−0.0074%	1h	$139.2M	$319.7M	100x	as long as short
Kraken Futures PF_XBTUSD	−0.0073%	1h	$189.1M	$815.1M	100x	as long as short
01 Exchange BTCUSDlong	−0.0048%	1h	$308K	$2.4M	50x
dYdX BTC-USD	−0.0019%	1h	$17.1M	$18.1M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective BTC/USDC PERP	−0.0019%	1h	$308K	$27.0M	52x	as long as short
Reya BTCRUSDPERP	−0.0017%	1h	$6.7M	$138.2M	40x	as long as short
KuCoin XBTUSDTM	−0.0006%	8h	$804.1M	$618.1M	125x	as long as short
SoDEX BTC-USD	−0.0006%	1h	$60.7M	$284.3M	40x	as long as short
Bulk BTC-USD	−0.0005%	1h	$560.1M	$127.0M	40x	as long as short
BingX BTC-USDT	−0.0003%	8h	—	$1.37B	—	as long as short
Bitget BTCUSDT	−0.0002%	8h	$2.95B	$4.68B	150x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	$36.7M	—	200x	as long as short
Aster BTCUSDT	+0.0006%	8h	$503.4M	$1.10B	200x	as long as short
Phemex BTCUSDT	+0.0011%	8h	$147.8M	$419.2M	150x	as long as short
Gate BTC_USDT	+0.0013%	8h	$6.05B	$9.63B	200x	as long as short
Bybit BTCUSDT	+0.0017%	8h	$5.24B	$8.61B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0018%	8h	$2.65B	$11.53B	100x	as long as short
MEXC BTC_USDT	+0.0021%	8h	$5.17B	$5.19B	500x	as long as short
Binance BTCUSDT	+0.0021%	8h	$9.45B	$22.09B	150x	as long as short
Aevo BTC-PERP	+0.0024%	1h	$2.4M	$1.3M	20x	as long as short
RISEx BTC/USDC	+0.0040%	1h	$9.1M	$38.7M	25x	as long as short
Popdex BTCUSDT	+0.0048%	1h	$8.5M	$46.6M	100x	as long as short
Aftermath Perps BTCUSD	+0.0052%	1h	$86K	$153K	20x	as long as short
Variational Omni BTC	+0.0061%	8h	$170.6M	$506.7M	—	as long as short
Extended BTC-USD	+0.0072%	1h	$48.6M	$200.0M	50x	as long as short
HTX BTC-USDT	+0.0079%	8h	$2.28B	$834.7M	200x	as long as short
StandX BTC-USD	+0.0079%	1h	$30.6M	$218.9M	40x	as long as short
Lighter BTC	+0.0096%	1h	$171.6M	$951.2M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	$24.4M	$138.3M	50x	as long as short
Paradex BTC-USD-PERP	+0.0097%	8h	$4.4M	$6.9M	50x	as long as short
Katana Perps BTC-USDshort	+0.0100%	8h	$192K	$5.8M	50x
Nado BTC-PERP	+0.0100%	1h	$23.3M	$227.0M	50x	as long as short
Pacifica BTC	+0.0100%	1h	$36.5M	$404.7M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	$3.9M	$16.8M	25x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	$37.2M	$128.5M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	$279.9M	$880.5M	100x	as long as short
Vest BTC-PERP	+0.0100%	1h	—	$11.5M	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	$235K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	$2.4M	$7.5M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	$30.4M	$58.9M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	$3.4M	$5.8M	100x	as long as short
Kalshi KXBTCPERP	+0.0101%	8h	$13.0M	$644.2M	6.4x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	—	$84.8M	500x	as long as short
Hibachi BTC/USDT-P	+0.0112%	1h	$754K	$6.8M	30x	as long as short
Deribit BTC-PERPETUAL	+0.0129%	1h	$916.1M	$1.10B	50x	as long as short
Hyperliquid BTC	+0.0153%	1h	$3.94B	$4.42B	40x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0172% / S −0.0153%	1h	$12.6M	—	200x	as long as short
Coinbase International BTC-PERP-INTX	+0.0184%	1h	$128.7M	$5.85B	50x	as long as short