Funding you earn now, next payment 04:00 UTC−0.0095%/8h= −10.4% APRpaid last 24h −0.029%
Price spread now: gTrade (Gains Network) against Katana Perps+0.060%7-day average +0.028% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.095%−$10 on $10k
+Price spread, last 7 days−0.041%−$4 · spread now +0.060%, 7d avg +0.028%
=The price spread pays, funding is against you. gTrade (Gains Network) is 0.032% dearer against Katana Perps than usual: you sell high and buy low (spread +0.060% now, against its 7-day average of +0.028%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 27 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps BTC-USD | 85,451 | 0.0100 | pay 0.0100% / 8h | 4h 12m | $210K | $8.1M | 50x |
| Short | gTrade (Gains Network) BTC/USD | 85,502.4 | L +0.0005% / S −0.0004% | get 0.0001% / 1h | 12m 11s | $36.5M | — | 200x |
Katana Perps BTC-USD
gTrade (Gains Network) BTC/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$20.02
- Price spread: +0.060% → +0.028%
- $3.2
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee gTrade (Gains Network): 3.5 bp × 2 orders
- −$7
- Net
- −$27.62
- Costs to cover
- 0.108%
- Break-even
- never at this rate
Slippage unknown: Katana Perps: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 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 gTrade (Gains Network) virtual book (oracle venue), 2 min ago | 0.51 bp | 4.0 bp −$4 | 4.1 bp −$41 | 4.5 bp −$447 | 6.4 bp −$3,185 |
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 | −0.0179% | 1h | 85,466 | +0.018% | $2.1M | $10.3M | 40x | as long as short |
| Bluefin BTC-PERP | −0.0122% | 1h | 85,535.4 | +0.099% | $207K | $739K | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,505 | +0.063% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0056% | 1h | 85,483.6 | +0.038% | $365K | $2.3M | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0028% | 8h | 85,471 | +0.023% | $919.4M | $752.0M | 125x | as long as short |
| BloFin BTC-USDT | −0.0021% | 8h | 85,487.8 | +0.043% | $417.2M | $668.9M | 150x | as long as short |
| gTrade (Gains Network) BTC/USDshort | L +0.0005% / S −0.0004% | 1h | 85,502.4 | +0.060% | $36.5M | — | 200x | |
| Aster BTCUSDT | +0.0011% | 8h | 85,483.6 | +0.038% | $515.3M | $1.10B | 200x | as long as short |
| dYdX BTC-USD | +0.0012% | 1h | 85,459.5 | +0.010% | $16.7M | $21.2M | 50x | as long as short |
| Nado BTC-PERP | +0.0016% | 1h | 85,475.4 | +0.028% | $25.1M | $222.0M | 50x | as long as short |
Phoenix BTC
Bluefin BTC-PERP
Hotstuff BTC-PERP
01 Exchange BTCUSD
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
dYdX BTC-USD
Nado BTC-PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus BTC-USD | +0.0021% | 1h | 85,463 | +0.014% | $4.6M | $97.8M | 40x | as long as short |
| BingX BTC-USDC | +0.0062% | 8h | 85,472.1 | +0.025% | — | $17.1M | — | as long as short |
| Phemex BTCUSDT | +0.0076% | 8h | 85,484.6 | +0.039% | $147.8M | $488.3M | 150x | as long as short |
| Bitget BTCUSDT | +0.0079% | 8h | 85,489.4 | +0.045% | $2.95B | $5.08B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0085% | 1h | 85,481.5 | +0.036% | $6.7M | $146.8M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,502.3 | +0.060% | $172.4M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,502.1 | +0.060% | $23.9M | $149.4M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,479 | +0.033% | $8.4M | $53.2M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,485.5 | +0.040% | $2.4M | $1.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0099% | 8h | 85,489.4 | +0.045% | $5.07B | $5.65B | 500x | as long as short |
| Katana Perps BTC-USDlong | +0.0100% | 8h | 85,451 | long leg | $210K | $8.1M | 50x | |
| Binance BTCUSDT | +0.0100% | 8h | 85,489.9 | +0.046% | $9.36B | $24.17B | 150x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,537.9 | +0.102% | $5.1M | $9.1M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,565 | +0.133% | $3.75B | $4.99B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,511.8 | +0.071% | $40.1M | $579.3M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,488.1 | +0.043% | $5.20B | $9.80B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,495.2 | +0.052% | $2.58B | $12.14B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,491 | +0.047% | $3.9M | $18.3M | 25x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,445.9 | −0.006% | $666.8M | $675.6M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,491.7 | +0.048% | $5.51B | $10.75B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,477.8 | +0.031% | $35.0M | $177.1M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,420.9 | −0.035% | $153.3M | $564.9M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,431 | −0.023% | $279.1M | $923.0M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,456.5 | +0.006% | $214.5M | $168.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,469.4 | +0.022% | $139.7M | $314.8M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,474.3 | +0.027% | $30.2M | $208.4M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,532.9 | +0.096% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,477 | +0.030% | $11.1M | $14.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,487.9 | +0.043% | $192K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,495.8 | +0.052% | $2.4M | $8.8M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,481.5 | +0.036% | $30.0M | $50.2M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,467.6 | +0.019% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,495 | +0.051% | $59.9M | $336.1M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,470.7 | +0.023% | $2.26B | $942.6M | 200x | as long as short |
| Deribit BTC-PERPETUAL | +0.0104% | 1h | 85,531.8 | +0.095% | $890.7M | $1.58B | 50x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,471.2 | +0.024% | $44.6M | $231.0M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,500.1 | +0.057% | — | $107.5M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,533.3 | +0.096% | $117.2M | $5.20B | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0150% | 1h | 85,442 | −0.011% | $339K | $26.9M | 52x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0170% | 1h | 85,516.1 | +0.076% | $187.4M | $954.9M | 100x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0152% | 1h | 85,496 | +0.053% | $13.3M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 85,503.9 | +0.062% | $8.3M | $42.5M | 25x | as long as short |
| Aftermath Perps BTCUSD | +0.0219% | 1h | 85,492.3 | +0.048% | $78K | $219K | 20x | as long as short |
| Kalshi KXBTCPERP | +0.0220% | 8h | 85,512 | +0.071% | $10.4M | $756.1M | 6.4x | as long as short |
| Hibachi BTC/USDT-P | +0.0232% | 1h | 85,526.5 | +0.088% | $702K | $7.9M | 30x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,493.1 | +0.049% | $495K | $18.8M | 6.7x | as long as short |
Arcus BTC-USD
BingX BTC-USDC
Phemex BTCUSDT
Bitget BTCUSDT
Reya BTCRUSDPERP
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Bulk 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
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Deribit BTC-PERPETUAL
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Injective BTC/USDC PERP
Kraken Futures PF_XBTUSD
GMX BTC/USD [WBTC.b-USDC]
RISEx BTC/USDC
Aftermath Perps BTCUSD
Kalshi KXBTCPERP
Hibachi BTC/USDT-P
Perpl BTC