Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.003%
Price spread now: Popdex against Katana Perps+0.043%7-day average +0.037% · 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)−0.013%−$1 on $10k
+Price spread, last 7 days−0.047%−$5 · spread now +0.043%, 7d avg +0.037%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps BTC-USD | 85,637 | 0.0100 | pay 0.0100% / 8h | 6h 16m | $202K | $7.5M | 50x |
| Short | Popdex BTCUSDT | 85,674 | 0.0096 | get 0.0012% / 1h | 16m 25s | $8.4M | $51.9M | 100x |
Katana Perps BTC-USD
Popdex BTCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex 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
- −$0.8
- Price spread: +0.043% → +0.037%
- $0.62
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$10.38
- Costs to cover
- 0.102%
- Break-even
- never at this rate
Slippage unknown: Katana Perps: no order-book sample; Popdex: live order book, 3 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 Popdex live order book, 3 min ago | 0.06 bp | 3.3 bp −$3 | 3.4 bp −$34 | 3.6 bp −$356 | 4.8 bp −$2,402 |
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 55 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 | −0.0144% | 1h | 85,785 | +0.173% | $2.2M | $10.5M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,681 | +0.051% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0064% | 1h | 85,668.9 | +0.037% | $362K | $2.3M | 50x | as long as short |
| dYdX BTC-USD | +0.0002% | 1h | 85,692.4 | +0.065% | $16.8M | $21.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,673.5 | +0.043% | $36.7M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0020% | 1h | 85,691 | +0.063% | $340K | $26.9M | 52x | as long as short |
| KuCoin XBTUSDTM | +0.0031% | 8h | 85,676.8 | +0.046% | $900.8M | $753.8M | 125x | as long as short |
| Aster BTCUSDT | +0.0032% | 8h | 85,662.2 | +0.029% | $516.0M | $1.14B | 200x | as long as short |
| Nado BTC-PERP | +0.0042% | 1h | 85,690.3 | +0.062% | $22.6M | $227.6M | 50x | as long as short |
| RISEx BTC/USDC | +0.0044% | 1h | 85,690.6 | +0.063% | $8.2M | $42.1M | 25x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERP
KuCoin XBTUSDTM
Aster BTCUSDT
Nado BTC-PERP
RISEx BTC/USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0055% | 8h | 85,665.3 | +0.033% | — | $1.56B | — | as long as short |
| Reya BTCRUSDPERP | +0.0059% | 1h | 85,665.9 | +0.034% | $6.7M | $146.3M | 40x | as long as short |
| HTX BTC-USDT | +0.0061% | 8h | 85,652.2 | +0.018% | $2.27B | $947.6M | 200x | as long as short |
| Bitget BTCUSDT | +0.0070% | 8h | 85,675 | +0.044% | $2.95B | $5.08B | 150x | as long as short |
| Binance BTCUSDT | +0.0090% | 8h | 85,659.6 | +0.026% | $9.33B | $24.28B | 150x | as long as short |
| MEXC BTC_USDT | +0.0091% | 8h | 85,672.7 | +0.042% | $5.09B | $5.75B | 500x | as long as short |
| ApeX Omni BTCUSDT | +0.0091% | 1h | 85,637.3 | 0.000% | $140.0M | $318.1M | 100x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,676.9 | +0.047% | $170.5M | $992.9M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,705.4 | +0.080% | $23.5M | $147.7M | 50x | as long as short |
| Popdex BTCUSDTshort | +0.0096% | 1h | 85,674 | +0.043% | $8.4M | $51.9M | 100x | |
| Aevo BTC-PERP | +0.0096% | 1h | 85,655.3 | +0.021% | $2.5M | $1.8M | 20x | as long as short |
| Katana Perps BTC-USDlong | +0.0100% | 8h | 85,637 | long leg | $202K | $7.5M | 50x | |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,636.5 | −0.001% | $3.8M | $8.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,737 | +0.117% | $3.76B | $4.98B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,703 | +0.077% | $40.8M | $571.9M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,669.8 | +0.038% | $5.31B | $9.74B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,668 | +0.036% | $2.54B | $12.34B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,661 | +0.028% | $3.9M | $18.3M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,647.2 | +0.012% | $7.2M | $97.6M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,673.4 | +0.042% | $5.59B | $10.57B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,650.5 | +0.016% | $35.3M | $165.7M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,688 | +0.060% | $156.6M | $555.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,614.3 | −0.027% | $278.4M | $941.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,656.6 | +0.023% | $214.9M | $164.7M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,640 | +0.003% | $30.3M | $208.8M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,728.8 | +0.107% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,673 | +0.042% | $11.0M | $14.2M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,676 | +0.046% | $187K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,657.7 | +0.024% | $2.4M | $9.1M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,693.7 | +0.066% | $186K | $708K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,661.5 | +0.029% | $30.0M | $56.0M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,628.8 | −0.010% | $2.9M | $6.6M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,660 | +0.027% | $60.0M | $337.0M | 40x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,668 | +0.036% | $153.3M | $480.8M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,673.6 | +0.043% | $597.8M | $234.3M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,645.4 | +0.010% | $44.0M | $227.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,683.1 | +0.054% | — | $101.8M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,704 | +0.078% | $131.2M | $5.15B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0144% | 1h | 85,681.7 | +0.052% | $694K | $7.8M | 30x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0146% | 1h | 85,692.5 | +0.065% | $187.9M | $963.6M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0171% | 1h | 85,705.8 | +0.080% | $78K | $219K | 20x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0203% / S −0.0189% | 1h | 85,670.8 | +0.039% | $13.5M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0212% | 8h | 85,676 | +0.046% | $10.3M | $770.1M | 6.4x | as long as short |
| Deribit BTC-PERPETUAL | +0.0219% | 1h | 85,710.9 | +0.086% | $894.7M | $1.54B | 50x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,687.2 | +0.059% | $513K | $20.5M | 6.7x | as long as short |
BingX BTC-USDT
Reya BTCRUSDPERP
HTX BTC-USDT
Bitget BTCUSDT
Binance BTCUSDT
MEXC BTC_USDT
ApeX Omni BTCUSDT
Lighter BTC
Lighter RH BTC
Aevo BTC-PERP
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
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
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Hibachi BTC/USDT-P
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Deribit BTC-PERPETUAL
Perpl BTC