Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.5% APRpaid last 24h −0.001%
Price spread now: Extended against Katana Perps−0.040%7-day average −0.003% · 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)−0.005%$0 on $10k
+Price spread, last 7 days+0.048%+$5 · spread now −0.040%, 7d avg −0.003%
=Together, before fees+0.043%+ Points / potential airdropExtended: Active · farm board+$4 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.037% cheaper against Katana Perps than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.003%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps BTC-USD | 85,472 | 0.0100 | pay 0.0100% / 8h | 7h 41m | $267K | $8.7M | 50x |
| Short | Extended BTC-USD | 85,438.2 | 0.0104 | get 0.0013% / 1h | 41m 46s | $45.7M | $241.4M | 50x |
Katana Perps BTC-USD
Extended BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $0.88
- Price spread: −0.040% → −0.003%
- −$3.71
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$11.62
- Costs to cover
- 0.088%
- Break-even
- 99.0 days
Slippage unknown: Katana Perps: no order-book sample; Extended: 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 Extended live order book, 2 min ago | 0.06 bp | 3.7 bp −$4 | 3.9 bp −$39 | 4.9 bp −$489 | 11.0 bp −$5,488 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.2119% | 1h | 84,644.9 | −0.968% | $192K | $796K | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,478 | +0.007% | $8K | $2K | 50x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,414.1 | −0.068% | $422.3M | $681.6M | 150x | as long as short |
| Injective BTC/USDC PERP | −0.0006% | 1h | 85,428 | −0.051% | $307K | $24.1M | 52x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,508.7 | +0.043% | $346K | $2.3M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,500.6 | +0.033% | $36.6M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0012% | 8h | 85,462.1 | −0.012% | $931.4M | $776.1M | 125x | as long as short |
| Aster BTCUSDT | +0.0031% | 8h | 85,457.8 | −0.017% | $502.4M | $1.08B | 200x | as long as short |
| dYdX BTC-USD | +0.0055% | 1h | 85,468.3 | −0.004% | $16.7M | $21.0M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0068% | 1h | 85,498.8 | +0.031% | $186.4M | $947.5M | 100x | as long as short |
Bluefin BTC-PERP
Hotstuff BTC-PERP
BloFin BTC-USDT
Injective BTC/USDC PERP
01 Exchange BTCUSD
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
Aster BTCUSDT
dYdX BTC-USD
Kraken Futures PF_XBTUSDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | +0.0075% | 1h | 85,525 | +0.062% | $2.3M | $10.4M | 40x | as long as short |
| BingX BTC-USDC | +0.0080% | 8h | 85,431.4 | −0.048% | — | $17.4M | — | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,492.7 | +0.024% | $170.3M | $943.0M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,488.9 | +0.020% | $23.6M | $134.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,500 | +0.033% | $8.7M | $58.5M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,482.5 | +0.012% | $2.4M | $6.7M | 20x | as long as short |
| Katana Perps BTC-USDlong | +0.0100% | 8h | 85,472 | long leg | $267K | $8.7M | 50x | |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,517.6 | +0.053% | $5.7M | $9.6M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 85,495.6 | +0.028% | $24.1M | $217.6M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,498.2 | +0.031% | $40.1M | $605.5M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,457.8 | −0.017% | $9.41B | $25.11B | 150x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,446.9 | −0.029% | $5.09B | $9.99B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,440.9 | −0.036% | $2.61B | $12.21B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,483 | +0.013% | $3.9M | $17.4M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,500.4 | +0.033% | $4.7M | $97.6M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,453 | −0.022% | $700.3M | $171.9M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,464.9 | −0.008% | $5.51B | $9.88B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,461 | −0.013% | $5.06B | $5.73B | 500x | as long as short |
| Bitget BTCUSDT | +0.0100% | 8h | 85,440.9 | −0.036% | $2.98B | $5.17B | 150x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,472 | 0.000% | $37.8M | $193.7M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,465.7 | −0.007% | $156.0M | $544.2M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,469.8 | −0.003% | $283.4M | $962.5M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,488.7 | +0.020% | $214.6M | $154.7M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,478.7 | +0.008% | $136.6M | $312.4M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,411.6 | −0.071% | $30.1M | $218.7M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,555.6 | +0.098% | — | $10.0M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,517 | +0.053% | $10.9M | $14.9M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,505.5 | +0.039% | $199K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,493.3 | +0.025% | $2.7M | $9.9M | 100x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,490.7 | +0.022% | $2.9M | $6.7M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,489 | +0.020% | $59.8M | $336.5M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,486.7 | +0.017% | $2.26B | $974.6M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,490.4 | +0.022% | $161.4M | $517.8M | 150x | as long as short |
| Extended BTC-USDshort | +0.0104% | 1h | 85,438.2 | −0.040% | $45.7M | $241.4M | 50x | |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,464.6 | −0.009% | — | $107.4M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,525.5 | +0.063% | $111.9M | $5.46B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0148% | 1h | 85,493.1 | +0.025% | $6.6M | $138.9M | 40x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0174% / S −0.0148% | 1h | 85,504.8 | +0.038% | $13.0M | — | 200x | as long as short |
| Hyperliquid BTC | +0.0179% | 1h | 85,535.7 | +0.075% | $3.83B | $5.20B | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0190% | 8h | 85,505 | +0.039% | $10.6M | $738.5M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 85,516 | +0.051% | $8.9M | $42.6M | 25x | as long as short |
| Deribit BTC-PERPETUAL | +0.0201% | 1h | 85,532.5 | +0.071% | $832.1M | $1.66B | 50x | as long as short |
| Derive BTC-PERP | +0.0222% | 1h | 85,494.8 | +0.027% | $28.9M | $49.1M | 15x | as long as short |
| Aftermath Perps BTCUSD | +0.0295% | 1h | 85,494 | +0.026% | $81K | $248K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0352% | 1h | 85,475.8 | +0.004% | $688K | $7.7M | 30x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,428.6 | −0.051% | $468K | $18.3M | 6.7x | as long as short |
Phoenix BTC
BingX BTC-USDC
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Paradex BTC-USD-PERP
Nado BTC-PERP
Pacifica BTC
Binance BTCUSDT
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
MEXC BTC_USDT
Bitget BTCUSDT
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
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
GMX BTC/USD [WBTC.b-USDC]
Hyperliquid BTC
Kalshi KXBTCPERP
RISEx BTC/USDC
Deribit BTC-PERPETUAL
Derive BTC-PERP
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Perpl BTC