Funding you earn now, next payment 08:00 UTC−0.0081%/8h= −8.8% APRnext payment −$0.81 per $10,000 · paid last 24h −0.015%
Price spread now: Aster against Katana Perps−0.027%7-day average +0.034% · 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)−0.032%−$3 on $10k
+Price spread, last 7 days+0.022%+$2 · spread now −0.027%, 7d avg +0.034%
=Together, before fees−0.010%+ Points / potential airdropAster: Stage 5 · farm board−$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aster is 0.061% cheaper against Katana Perps than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.034%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps BTC-USD | 85,572 | 0.0100 | pay 0.0100% / 8h | 5h 56m | $203K | $7.6M | 50x |
| Short | Aster BTCUSDT | 85,548.7 | 0.0019 | get 0.0019% / 8h | 5h 56m | $515.7M | $1.11B | 200x |
Katana Perps BTC-USD
Aster BTCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster 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
- −$16.96
- Price spread: −0.027% → +0.034%
- −$6.11
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$34.87
- Costs to cover
- 0.118%
- Break-even
- never at this rate
Slippage unknown: Katana Perps: no order-book sample; Aster: live order book, 3 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 Aster live order book, 3 min ago | 0.74 bp | 5.5 bp −$5 | 6.2 bp −$62 | 9.2 bp −$920 | 15.7 bp −$7,872 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0144% | 1h | 85,498 | −0.086% | $2.1M | $10.1M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,608 | +0.042% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0056% | 1h | 85,598 | +0.030% | $365K | $2.3M | 50x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,579.5 | +0.009% | $16.7M | $20.9M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,488.5 | −0.098% | $36.6M | — | 200x | as long as short |
| Aster BTCUSDTshort | +0.0019% | 8h | 85,548.7 | −0.027% | $515.7M | $1.11B | 200x | |
| Nado BTC-PERP | +0.0019% | 1h | 85,477.1 | −0.111% | $22.5M | $224.4M | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0021% | 8h | 85,539.7 | −0.038% | $899.1M | $748.5M | 125x | as long as short |
| SoDEX BTC-USD | +0.0030% | 1h | 85,464 | −0.126% | $59.8M | $336.4M | 40x | as long as short |
| BingX BTC-USDC | +0.0055% | 8h | 85,588 | +0.019% | — | $17.0M | — | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Nado BTC-PERP
KuCoin XBTUSDTM
SoDEX BTC-USD
BingX BTC-USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX BTC-USDT | +0.0055% | 8h | 85,473.5 | −0.115% | $2.27B | $930.9M | 200x | as long as short |
| Reya BTCRUSDPERP | +0.0063% | 1h | 85,457.5 | −0.134% | $6.7M | $146.4M | 40x | as long as short |
| Bitget BTCUSDT | +0.0068% | 8h | 85,597 | +0.029% | $2.95B | $5.01B | 150x | as long as short |
| Popdex BTCUSDT | +0.0072% | 1h | 85,463 | −0.127% | $8.3M | $51.5M | 100x | as long as short |
| SunX BTC-USDT | +0.0073% | 8h | 85,453.9 | −0.138% | $2.9M | $6.4M | 100x | as long as short |
| Injective BTC/USDC PERP | +0.0079% | 1h | 85,617 | +0.053% | $340K | $26.9M | 52x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,469 | −0.120% | $2.4M | $1.7M | 20x | as long as short |
| Binance BTCUSDT | +0.0084% | 8h | 85,577.6 | +0.007% | $9.34B | $23.91B | 150x | as long as short |
| MEXC BTC_USDT | +0.0085% | 8h | 85,590.5 | +0.022% | $5.08B | $5.57B | 500x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,572.3 | 0.000% | $169.5M | $981.8M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,568.7 | −0.004% | $23.9M | $146.8M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0099% | 8h | 85,641.4 | +0.081% | $3.8M | $8.3M | 50x | as long as short |
| Katana Perps BTC-USDlong | +0.0100% | 8h | 85,572 | long leg | $203K | $7.6M | 50x | |
| Hyperliquid BTC | +0.0100% | 1h | 85,619 | +0.055% | $3.76B | $4.92B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,603.4 | +0.037% | $40.1M | $571.6M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,600 | +0.033% | $5.33B | $9.58B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,598.2 | +0.031% | $2.56B | $12.10B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,579 | +0.008% | $3.9M | $17.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,561.5 | −0.012% | $7.1M | $96.4M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,599.4 | +0.032% | $5.58B | $10.38B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,474.6 | −0.114% | $34.8M | $168.8M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,545 | −0.032% | $154.0M | $554.0M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,553.1 | −0.022% | $278.3M | $939.9M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,581.5 | +0.011% | $214.8M | $161.4M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,594.5 | +0.026% | $139.9M | $316.3M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,539.1 | −0.038% | $30.2M | $211.1M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,538.5 | −0.039% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,464 | −0.126% | $11.0M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,474.3 | −0.114% | $188K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,464.6 | −0.126% | $2.4M | $8.9M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,506.1 | −0.077% | $196K | $722K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,469.3 | −0.120% | $30.0M | $52.7M | 15x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,481.9 | −0.105% | $149.6M | $478.8M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,593.2 | +0.025% | $605.0M | $283.5M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,581.4 | +0.011% | $44.2M | $226.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,556.3 | −0.018% | — | $101.8M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,515 | −0.067% | $130.4M | $5.06B | 50x | as long as short |
| RISEx BTC/USDC | +0.0120% | 1h | 85,630.2 | +0.068% | $8.4M | $42.1M | 25x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0139% | 1h | 85,492.3 | −0.093% | $186.9M | $951.6M | 100x | as long as short |
| Deribit BTC-PERPETUAL | +0.0166% | 1h | 85,517.1 | −0.064% | $894.8M | $1.52B | 50x | as long as short |
| Aftermath Perps BTCUSD | +0.0188% | 1h | 85,583.9 | +0.014% | $78K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0192% | 1h | 85,577.9 | +0.007% | $682K | $7.8M | 30x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0203% / S −0.0184% | 1h | 85,485.2 | −0.101% | $13.5M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0212% | 8h | 85,509 | −0.074% | $10.2M | $765.2M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,512.5 | −0.070% | $509K | $19.7M | 6.7x | as long as short |
HTX BTC-USDT
Reya BTCRUSDPERP
Bitget BTCUSDT
Popdex BTCUSDT
SunX BTC-USDT
Injective BTC/USDC PERP
Aevo BTC-PERP
Binance BTCUSDT
MEXC BTC_USDT
Lighter BTC
Lighter RH BTC
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
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
RISEx BTC/USDC
Kraken Futures PF_XBTUSD
Deribit BTC-PERPETUAL
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Perpl BTC