Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.012%
Price spread now: Arcus against Katana Perps+0.046%7-day average +0.066% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.010%−$1 on $10k
+Price spread, last 7 days+0.045%+$5 · spread now +0.046%, 7d avg +0.066%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps BTC-USD | 85,231 | 0.0100 | pay 0.0100% / 8h | 12m 19s | $269K | $8.7M | 50x |
| Short | Arcus BTC-USD | 85,270.6 | 0.0100 | get 0.0013% / 1h | 12m 19s | $4.7M | $97.6M | 40x |
Katana Perps BTC-USD
Arcus BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Katana 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: +0.046% → +0.066%
- −$1.95
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$10.2
- Costs to cover
- 0.083%
- Break-even
- 1626.8 days
Slippage unknown: Katana Perps: no order-book sample; Arcus: live order book, 2 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 Arcus live order book, 2 min ago | 0.01 bp | 2.3 bp −$2 | 2.6 bp −$26 | 3.7 bp −$368 | 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 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,270 | +0.046% | $8K | $3K | 50x | as long as short |
| Phoenix BTC | −0.0034% | 1h | 85,263 | +0.038% | $2.3M | $10.8M | 40x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,264.5 | +0.039% | $421.4M | $686.8M | 150x | as long as short |
| KuCoin XBTUSDTM | −0.0011% | 8h | 85,247.1 | +0.019% | $927.5M | $778.0M | 125x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,266.4 | +0.042% | $343K | $2.3M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,260.1 | +0.034% | $36.5M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0007% | 8h | 85,254.2 | +0.027% | $509.2M | $1.09B | 200x | as long as short |
| dYdX BTC-USD | +0.0018% | 1h | 85,277.8 | +0.055% | $16.7M | $21.0M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0026% | 1h | 85,260.8 | +0.035% | $185.7M | $953.5M | 100x | as long as short |
| BingX BTC-USDT | +0.0064% | 8h | 85,253.3 | +0.026% | — | $1.58B | — | as long as short |
Hotstuff BTC-PERP
Phoenix BTC
BloFin BTC-USDT
KuCoin XBTUSDTM
01 Exchange BTCUSD
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
dYdX BTC-USD
Kraken Futures PF_XBTUSD
BingX BTC-USDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0067% | 1h | 85,200 | −0.036% | $310K | $25.7M | 52x | as long as short |
| Bybit BTCUSDT | +0.0082% | 8h | 85,252 | +0.025% | $5.09B | $10.04B | 150x | as long as short |
| Nado BTC-PERP | +0.0090% | 1h | 85,252.8 | +0.026% | $24.1M | $221.2M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0091% | 1h | 85,192.8 | −0.045% | $139.6M | $312.3M | 100x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,269.1 | +0.045% | $168.7M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,268.3 | +0.044% | $23.6M | $149.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,256 | +0.029% | $8.4M | $57.7M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,254.4 | +0.027% | $2.4M | $6.7M | 20x | as long as short |
| Bitget BTCUSDT | +0.0098% | 8h | 85,250 | +0.022% | $2.97B | $5.21B | 150x | as long as short |
| Katana Perps BTC-USDlong | +0.0100% | 8h | 85,231 | long leg | $269K | $8.7M | 50x | |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,297.2 | +0.078% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,344 | +0.133% | $3.78B | $5.11B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,279 | +0.056% | $40.4M | $604.7M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,250.7 | +0.023% | $9.39B | $25.16B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,252.7 | +0.025% | $2.60B | $12.26B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,245 | +0.016% | $3.8M | $17.3M | 25x | as long as short |
| Arcus BTC-USDshort | +0.0100% | 1h | 85,270.6 | +0.046% | $4.7M | $97.6M | 40x | |
| Gate BTC_USDT | +0.0100% | 8h | 85,254.4 | +0.027% | $5.49B | $11.16B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,252.9 | +0.026% | $5.02B | $5.77B | 500x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,252.7 | +0.025% | $36.8M | $190.1M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,180.5 | −0.059% | $155.7M | $548.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,184.8 | −0.054% | $282.5M | $959.6M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,188.8 | −0.050% | $213.8M | $159.8M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,274.9 | +0.051% | $30.1M | $213.4M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,331.9 | +0.118% | — | $10.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,256 | +0.029% | $10.9M | $15.0M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,259.1 | +0.033% | $197K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,265 | +0.040% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,294.5 | +0.075% | $194K | $796K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,291.5 | +0.071% | $28.9M | $45.1M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,243.5 | +0.015% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,250 | +0.022% | $59.7M | $336.5M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,270 | +0.046% | $2.25B | $973.8M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,252.4 | +0.025% | $158.8M | $516.0M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,240 | +0.011% | $693.3M | $214.1M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,229.4 | −0.002% | $45.4M | $241.0M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,279.5 | +0.057% | — | $106.7M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,293.1 | +0.073% | $111.8M | $5.47B | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0105% | 1h | 85,288.9 | +0.068% | $835.9M | $1.67B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0143% | 1h | 85,249.4 | +0.022% | $6.6M | $142.3M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0171% | 8h | 85,310 | +0.093% | $12.0M | $737.8M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,280.1 | +0.058% | $8.8M | $43.0M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0174% / S −0.0146% | 1h | 85,257.6 | +0.031% | $13.0M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0256% | 1h | 85,270.8 | +0.047% | $694K | $7.7M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0297% | 1h | 85,258.2 | +0.032% | $81K | $245K | 20x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,294.7 | +0.075% | $465K | $18.3M | 6.7x | as long as short |
Injective BTC/USDC PERP
Bybit BTCUSDT
Nado BTC-PERP
ApeX Omni BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Bitget BTCUSDT
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Binance BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Gate BTC_USDT
MEXC BTC_USDT
Backpack BTC_USDC_PERP
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
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Deribit BTC-PERPETUAL
Reya BTCRUSDPERP
Kalshi KXBTCPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
Perpl BTC