Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.008%
Price spread now: HTX against Katana Perps−0.018%7-day average +0.001% · 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)−0.046%−$5 on $10k
+Price spread, last 4 days (all we have)−0.076%−$8 · spread now −0.018%, 7d avg +0.001%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps BTC-USD | 85,390 | 0.0100 | pay 0.0100% / 8h | 4h 36m | $217K | $8.0M | 50x |
| Short | HTX BTC-USDT | 85,375 | 0.0100 | get 0.0100% / 8h | 4h 36m | $2.26B | $941.5M | 200x |
Katana Perps BTC-USD
HTX BTC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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: −0.018% → +0.001%
- −$1.86
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$17.61
- Costs to cover
- 0.158%
- Break-even
- 2802.7 days
Slippage unknown: Katana Perps: no order-book sample; HTX: 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 HTX live order book, 2 min ago | 0.01 bp | 6.0 bp −$6 | 7.3 bp −$73 | 8.6 bp −$857 | 12.0 bp −$5,990 |
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 | −0.0208% | 1h | 85,421.6 | +0.037% | $207K | $739K | 40x | as long as short |
| Phoenix BTC | −0.0179% | 1h | 85,385 | −0.006% | $2.2M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,452 | +0.073% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0048% | 1h | 85,374.4 | −0.018% | $365K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0029% | 8h | 85,377.5 | −0.015% | $416.4M | $665.7M | 150x | as long as short |
| KuCoin XBTUSDTM | −0.0009% | 8h | 85,332.8 | −0.067% | $918.4M | $750.7M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 85,390 | 0.000% | $36.5M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0011% | 8h | 85,348.5 | −0.049% | $514.3M | $1.10B | 200x | as long as short |
| dYdX BTC-USD | +0.0019% | 1h | 85,428.4 | +0.045% | $16.7M | $21.3M | 50x | as long as short |
| Arcus BTC-USD | +0.0021% | 1h | 85,395 | +0.006% | $4.9M | $97.3M | 40x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
dYdX BTC-USD
Arcus BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado BTC-PERP | +0.0058% | 1h | 85,335.1 | −0.064% | $25.6M | $221.1M | 50x | as long as short |
| BingX BTC-USDC | +0.0060% | 8h | 85,342.5 | −0.056% | — | $17.1M | — | as long as short |
| Bitget BTCUSDT | +0.0076% | 8h | 85,352.8 | −0.044% | $2.95B | $5.04B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0080% | 1h | 85,376.3 | −0.016% | $6.6M | $146.7M | 40x | as long as short |
| Aevo BTC-PERP | +0.0088% | 1h | 85,378.1 | −0.014% | $2.4M | $1.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0090% | 8h | 85,359 | −0.036% | $5.05B | $5.61B | 500x | as long as short |
| Binance BTCUSDT | +0.0091% | 8h | 85,353.5 | −0.043% | $9.34B | $24.07B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,393.7 | +0.004% | $172.8M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,393 | +0.004% | $23.7M | $148.7M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,401 | +0.013% | $8.4M | $52.7M | 100x | as long as short |
| Phemex BTCUSDT | +0.0097% | 8h | 85,372.3 | −0.021% | $149.2M | $484.6M | 150x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,475.5 | +0.100% | $4.3M | $8.6M | 50x | as long as short |
| Katana Perps BTC-USDlong | +0.0100% | 8h | 85,390 | long leg | $217K | $8.0M | 50x | |
| Hyperliquid BTC | +0.0100% | 1h | 85,421 | +0.036% | $3.74B | $4.97B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,446.5 | +0.066% | $40.0M | $578.1M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,348.3 | −0.049% | $5.22B | $9.75B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,341.2 | −0.057% | $2.57B | $12.10B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,423 | +0.039% | $3.9M | $18.0M | 25x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,358.5 | −0.037% | $5.52B | $10.64B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,337.1 | −0.062% | $35.7M | $176.3M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,453.7 | +0.075% | $153.6M | $563.4M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,434.6 | +0.052% | $279.2M | $917.6M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,454 | +0.075% | $214.5M | $169.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,427.7 | +0.044% | $139.7M | $314.4M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,454.6 | +0.076% | $30.2M | $207.7M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,443.8 | +0.063% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,381 | −0.011% | $11.0M | $14.2M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,387.4 | −0.003% | $192K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,382.6 | −0.009% | $2.4M | $8.9M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,376.1 | −0.016% | $29.9M | $51.0M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,349.3 | −0.048% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,381 | −0.011% | $59.8M | $336.2M | 40x | as long as short |
| HTX BTC-USDTshort | +0.0100% | 8h | 85,375 | −0.018% | $2.26B | $941.5M | 200x | |
| Bulk BTC-USD | +0.0100% | 1h | 85,513.6 | +0.145% | $649.6M | $594.9M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,331.4 | −0.069% | $44.4M | $226.5M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,421.1 | +0.036% | — | $107.0M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,417 | +0.032% | $116.6M | $5.16B | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0117% | 1h | 85,428 | +0.044% | $894.3M | $1.54B | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0150% | 1h | 85,539 | +0.174% | $340K | $26.9M | 52x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0170% | 1h | 85,401.9 | +0.014% | $187.9M | $954.8M | 100x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 85,435.4 | +0.053% | $8.3M | $42.4M | 25x | as long as short |
| Hibachi BTC/USDT-P | +0.0200% | 1h | 85,477.4 | +0.102% | $692K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0202% | 1h | 85,478.7 | +0.104% | $78K | $219K | 20x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0202% / S −0.0178% | 1h | 85,391.6 | +0.002% | $13.4M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0217% | 8h | 85,414 | +0.028% | $10.4M | $758.6M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,383.4 | −0.008% | $501K | $18.9M | 6.7x | as long as short |
Nado BTC-PERP
BingX BTC-USDC
Bitget BTCUSDT
Reya BTCRUSDPERP
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Phemex BTCUSDT
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
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
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Deribit BTC-PERPETUAL
Injective BTC/USDC PERP
Kraken Futures PF_XBTUSD
RISEx BTC/USDC
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Perpl BTC