Funding you earn now, next payment 08:00 UTC−0.0109%/8h= −11.9% APRnext payment −$1.09 per $10,000 · paid last 24h −0.017%
Price spread now: KuCoin against Katana Perps+0.009%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)−0.060%−$6 on $10k
+Price spread, last 7 days+0.017%+$2 · spread now +0.009%, 7d avg +0.033%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and KuCoin is 0.023% cheaper against Katana Perps than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.033%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps BTC-USD | 85,256 | 0.0100 | pay 0.0100% / 8h | 8m 34s | $269K | $8.7M | 50x |
| Short | KuCoin XBTUSDTM | 85,264 | −0.0009 | pay 0.0009% / 8h | 8m 34s | $927.8M | $776.9M | 125x |
Katana Perps BTC-USD
KuCoin XBTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$22.85
- Price spread: +0.009% → +0.033%
- −$2.34
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$40.99
- Costs to cover
- 0.158%
- Break-even
- never at this rate
Slippage unknown: Katana Perps: no order-book sample; KuCoin: live order book, 11 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 KuCoin live order book, 11 min ago | 0.01 bp | 6.4 bp −$6 | 7.3 bp −$73 | 8.7 bp −$868 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,279 | +0.027% | $8K | $3K | 50x | as long as short |
| Phoenix BTC | −0.0034% | 1h | 85,330 | +0.087% | $2.3M | $10.8M | 40x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,261.5 | +0.006% | $421.2M | $686.7M | 150x | as long as short |
| KuCoin XBTUSDTMshort | −0.0009% | 8h | 85,264 | +0.009% | $927.8M | $776.9M | 125x | |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,274.9 | +0.022% | $344K | $2.3M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,277.5 | +0.025% | $36.5M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0011% | 8h | 85,274.4 | +0.022% | $509.3M | $1.09B | 200x | as long as short |
| dYdX BTC-USD | +0.0017% | 1h | 85,277.8 | +0.026% | $16.7M | $21.0M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0026% | 1h | 85,281 | +0.029% | $185.6M | $953.8M | 100x | as long as short |
| BingX BTC-USDT | +0.0065% | 8h | 85,273.3 | +0.020% | — | $1.57B | — | as long as short |
Hotstuff BTC-PERP
Phoenix BTC
BloFin BTC-USDT
01 Exchange BTCUSD
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
dYdX BTC-USD
Kraken Futures PF_XBTUSD
BingX BTC-USDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0067% | 1h | 85,260 | +0.005% | $310K | $25.8M | 52x | as long as short |
| Bybit BTCUSDT | +0.0084% | 8h | 85,264.8 | +0.010% | $5.09B | $10.03B | 150x | as long as short |
| Nado BTC-PERP | +0.0093% | 1h | 85,261.4 | +0.006% | $24.0M | $221.5M | 50x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,272.8 | +0.020% | $169.0M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,272.4 | +0.019% | $23.6M | $149.1M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,274 | +0.021% | $8.4M | $57.8M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,264.2 | +0.010% | $2.4M | $6.7M | 20x | as long as short |
| ApeX Omni BTCUSDT | +0.0097% | 1h | 85,252.4 | −0.004% | $139.7M | $311.8M | 100x | as long as short |
| Katana Perps BTC-USDlong | +0.0100% | 8h | 85,256 | long leg | $269K | $8.7M | 50x | |
| Deribit BTC-PERPETUAL | +0.0100% | 1h | 85,301.3 | +0.053% | $836.0M | $1.66B | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,300.3 | +0.052% | $5.7M | $9.5M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,280.7 | +0.029% | $40.0M | $605.4M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,270.9 | +0.017% | $9.39B | $25.17B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,262 | +0.007% | $2.60B | $12.26B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,276 | +0.023% | $3.8M | $17.3M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,286.2 | +0.035% | $4.6M | $97.8M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,256 | 0.000% | $695.2M | $190.7M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,272.3 | +0.019% | $5.49B | $11.16B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,275.8 | +0.023% | $5.04B | $5.77B | 500x | as long as short |
| Bitget BTCUSDT | +0.0100% | 8h | 85,280.2 | +0.028% | $2.97B | $5.21B | 150x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,263.5 | +0.009% | $36.8M | $190.7M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,228.2 | −0.033% | $155.9M | $548.6M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,229.3 | −0.031% | $282.6M | $957.5M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,251.2 | −0.006% | $213.9M | $159.8M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,265.4 | +0.011% | $30.1M | $214.4M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,340.5 | +0.099% | — | $10.3M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,269 | +0.015% | $10.9M | $15.0M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,273 | +0.020% | $197K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,277.1 | +0.025% | $2.6M | $9.7M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,312.8 | +0.067% | $194K | $795K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,296.9 | +0.048% | $28.8M | $47.0M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,238.9 | −0.020% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,265 | +0.011% | $59.7M | $336.5M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,251.5 | −0.005% | $2.25B | $974.2M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,269.5 | +0.016% | $158.9M | $515.9M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,256.4 | +0.001% | $45.4M | $240.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,291.8 | +0.042% | — | $106.7M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,309.1 | +0.062% | $111.8M | $5.47B | 50x | as long as short |
| Hyperliquid BTC | +0.0108% | 1h | 85,346 | +0.106% | $3.78B | $5.11B | 40x | as long as short |
| Reya BTCRUSDPERP | +0.0144% | 1h | 85,266.7 | +0.013% | $6.6M | $142.0M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0172% | 8h | 85,283 | +0.032% | $12.0M | $737.8M | 6.4x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0174% / S −0.0146% | 1h | 85,272.2 | +0.019% | $13.0M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,296 | +0.047% | $8.8M | $43.0M | 25x | as long as short |
| Hibachi BTC/USDT-P | +0.0280% | 1h | 85,315.7 | +0.070% | $696K | $7.7M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0296% | 1h | 85,269.7 | +0.016% | $79K | $246K | 20x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,263.6 | +0.009% | $464K | $18.3M | 6.7x | as long as short |
Injective BTC/USDC PERP
Bybit BTCUSDT
Nado BTC-PERP
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
ApeX Omni BTCUSDT
Deribit BTC-PERPETUAL
Paradex BTC-USD-PERP
Pacifica BTC
Binance 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
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
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Hyperliquid BTC
Reya BTCRUSDPERP
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]
RISEx BTC/USDC
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
Perpl BTC