Funding you earn now, next payment 00:00 UTC−0.0058%/8h= −6.3% APRnext payment −$0.58 per $10,000 · paid last 24h −0.021%
Price spread now: BingX against Katana Perps+0.032%7-day average +0.033% · 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)−0.061%−$6 on $10k
+Price spread, last 7 days−0.037%−$4 · spread now +0.032%, 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 | Katana Perps BTC-USD | 86,466 | 0.0100 | pay 0.0100% / 8h | 18m 22s | $202K | $7.1M | 50x |
| Short | BingX BTC-USDT | 86,493.3 | 0.0042 | get 0.0042% / 8h | 18m 22s | — | $1.59B | — |
Katana Perps BTC-USD
BingX BTC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$12.14
- Price spread: +0.032% → +0.033%
- −$0.11
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$26.05
- Costs to cover
- 0.138%
- Break-even
- never at this rate
Slippage unknown: Katana Perps: no order-book sample; BingX: live order book, 6 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 BingX live order book, 6 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.0 bp −$501 | 5.0 bp −$2,506 |
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 | 86,367 | −0.114% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,465 | −0.001% | $9K | $3K | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0035% | 1h | 86,345 | −0.140% | $332K | $26.9M | 52x | as long as short |
| RISEx BTC/USDC | −0.0024% | 1h | 86,497.8 | +0.037% | $8.3M | $42.7M | 25x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 86,484.6 | +0.022% | $359K | $2.5M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,465.6 | 0.000% | $411K | $22.7M | 6.7x | as long as short |
| Aster BTCUSDT | +0.0003% | 8h | 86,489 | +0.027% | $501.8M | $1.15B | 200x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,505.2 | +0.045% | $36.8M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0017% | 8h | 86,483.7 | +0.020% | $853.7M | $716.0M | 125x | as long as short |
| Reya BTCRUSDPERP | +0.0033% | 1h | 86,486.5 | +0.024% | $6.7M | $145.5M | 40x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
Injective BTC/USDC PERP
RISEx BTC/USDC
01 Exchange BTCUSD
Perpl BTC
Aster BTCUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDTshort | +0.0042% | 8h | 86,493.3 | +0.032% | — | $1.59B | — | |
| Phemex BTCUSDT | +0.0052% | 8h | 86,461.8 | −0.005% | $150.3M | $478.6M | 150x | as long as short |
| Bitget BTCUSDT | +0.0053% | 8h | 86,489.4 | +0.027% | $2.96B | $5.13B | 150x | as long as short |
| dYdX BTC-USD | +0.0063% | 1h | 86,455.1 | −0.013% | $16.9M | $21.2M | 50x | as long as short |
| MEXC BTC_USDT | +0.0069% | 8h | 86,486.9 | +0.024% | $5.16B | $5.68B | 500x | as long as short |
| Binance BTCUSDT | +0.0071% | 8h | 86,489.6 | +0.027% | $9.43B | $24.56B | 150x | as long as short |
| Aevo BTC-PERP | +0.0072% | 1h | 86,457.3 | −0.010% | $2.4M | $1.3M | 20x | as long as short |
| Gate BTC_USDT | +0.0080% | 8h | 86,487.8 | +0.025% | $5.86B | $10.79B | 200x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,466.1 | 0.000% | $170.2M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,487.3 | +0.025% | $23.9M | $152.6M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,487 | +0.024% | $8.5M | $52.4M | 100x | as long as short |
| Bybit BTCUSDT | +0.0097% | 8h | 86,494.8 | +0.033% | $5.26B | $9.80B | 150x | as long as short |
| SoDEX BTC-USD | +0.0099% | 1h | 86,465 | −0.001% | $60.5M | $338.2M | 40x | as long as short |
| Katana Perps BTC-USDlong | +0.0100% | 8h | 86,466 | long leg | $202K | $7.1M | 50x | |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,523.4 | +0.066% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,475.9 | +0.011% | $21.8M | $234.3M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,563 | +0.112% | $3.79B | $5.11B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,497.3 | +0.036% | $41.1M | $535.5M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,500 | +0.039% | $2.55B | $12.75B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,476 | +0.012% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,518.8 | +0.061% | $7.4M | $95.5M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,449 | −0.020% | $572.1M | $12.5M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,463.3 | −0.003% | $38.0M | $157.4M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,376.4 | −0.104% | $157.0M | $568.3M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,328.2 | −0.159% | $278.8M | $946.3M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,354.3 | −0.129% | $216.8M | $171.7M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,355.9 | −0.127% | $141.2M | $323.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,432.2 | −0.039% | $30.7M | $205.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,522.4 | +0.065% | — | $11.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,491 | +0.029% | $11.1M | $13.9M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,490.4 | +0.028% | $189K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,487.6 | +0.025% | $2.4M | $9.4M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,498.6 | +0.038% | $140K | $663K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,493.7 | +0.032% | $30.5M | $62.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,402.3 | −0.074% | $3.4M | $5.3M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,436.5 | −0.034% | $2.29B | $968.3M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,473 | +0.008% | $45.5M | $227.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,478.3 | +0.014% | — | $99.1M | 500x | as long as short |
| Deribit BTC-PERPETUAL | +0.0106% | 1h | 86,506.1 | +0.046% | $913.7M | $1.48B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0110% | 1h | 86,497.9 | +0.037% | $191.9M | $953.4M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,509.5 | +0.050% | $132.3M | $5.65B | 50x | as long as short |
| Aftermath Perps BTCUSD | +0.0155% | 1h | 86,454.9 | −0.013% | $78K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0176% | 1h | 86,482.7 | +0.019% | $728K | $8.0M | 30x | as long as short |
| BloFin BTC-USDT | +0.0190% | 8h | 86,444.8 | −0.025% | $416.1M | $658.6M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0197% / S −0.0221% | 1h | 86,501.5 | +0.041% | $15.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0206% | 8h | 86,457 | −0.010% | $9.9M | $749.0M | 6.4x | as long as short |
Phemex BTCUSDT
Bitget BTCUSDT
dYdX BTC-USD
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
Gate BTC_USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Bybit BTCUSDT
SoDEX BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk 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
Extended BTC-USD
Jupiter Perps WBTC-PERP
Deribit BTC-PERPETUAL
Kraken Futures PF_XBTUSD
Coinbase International BTC-PERP-INTX
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP