Funding you earn now, next payment 20:00 UTC−0.0073%/8hpaid last 24h +0.001%
Price spread now: RISEx against Katana Perps+0.028%7-day average +0.041% · 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)−0.014%−$1 on $10k
+Price spread, last 7 days−0.003%$0 · spread now +0.028%, 7d avg +0.041%
=The price spread sits at its 7-day average of +0.041%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps BTC-USD | 86,540 | 0.0100 | pay 0.0100% / 8h | 4h 21m | $205K | $6.0M | 50x |
| Short | RISEx BTC/USDC | 86,564.3 | 0.0027 | get 0.0003% / 1h | 21m 35s | $8.8M | $39.6M | 25x |
Katana Perps BTC-USD
RISEx BTC/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- −$15.33
- Price spread: +0.028% → +0.041%
- −$1.31
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$26.44
- Costs to cover
- 0.098%
- Break-even
- never at this rate
Slippage unknown: Katana Perps: no order-book sample; RISEx: 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 RISEx live order book, 2 min ago | 0.14 bp | 3.1 bp −$3 | 3.4 bp −$34 | 14.6 bp −$1,456 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Perpl BTC | −0.0223% | 43m | 86,631.6 | +0.106% | $404K | $25.9M | 6.7x | as long as short |
| Phoenix BTC | −0.0132% | 1h | 86,325 | −0.248% | $2.1M | $11.1M | 40x | as long as short |
| Bluefin BTC-PERP | −0.0085% | 1h | 86,639.7 | +0.115% | $141K | $462K | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,549 | +0.010% | $9K | $4K | 50x | as long as short |
| BloFin BTC-USDT | −0.0080% | 8h | 86,634 | +0.109% | $424.1M | $591.2M | 150x | as long as short |
| Aftermath Perps BTCUSD | −0.0048% | 1h | 86,542.4 | +0.003% | $87K | $159K | 20x | as long as short |
| Kraken Futures PF_XBTUSD | −0.0030% | 1h | 86,632.8 | +0.107% | $185.7M | $855.2M | 100x | as long as short |
| dYdX BTC-USD | −0.0020% | 1h | 86,590.9 | +0.059% | $17.3M | $18.1M | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 86,583.1 | +0.050% | $302K | $2.4M | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0008% | 8h | 86,533.5 | −0.007% | $789.8M | $649.1M | 125x | as long as short |
Perpl BTC
Phoenix BTC
Bluefin BTC-PERP
Hotstuff BTC-PERP
BloFin BTC-USDT
Aftermath Perps BTCUSD
Kraken Futures PF_XBTUSD
dYdX BTC-USD
01 Exchange BTCUSD
KuCoin XBTUSDTMShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | −0.0002% | 1h | 86,611.6 | +0.083% | $6.8M | $139.5M | 40x | as long as short |
| Kalshi KXBTCPERP | 0.0000% | 8h | 86,684 | +0.166% | $9.4M | $685.8M | 6.4x | as long as short |
| Injective BTC/USDC PERP | 0.0000% | 1h | 86,686 | +0.169% | $327K | $27.0M | 52x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,637.8 | +0.113% | $37.0M | — | 200x | as long as short |
| BingX BTC-USDT | +0.0005% | 8h | 86,555.5 | +0.018% | — | $1.46B | — | as long as short |
| Bitget BTCUSDT | +0.0007% | 8h | 86,548.6 | +0.010% | $2.97B | $4.87B | 150x | as long as short |
| Phemex BTCUSDT | +0.0008% | 8h | 86,580.8 | +0.047% | $155.3M | $438.5M | 150x | as long as short |
| SoDEX BTC-USD | +0.0021% | 1h | 86,597 | +0.066% | $61.1M | $311.5M | 40x | as long as short |
| RISEx BTC/USDCshort | +0.0027% | 1h | 86,564.3 | +0.028% | $8.8M | $39.6M | 25x | |
| Aster BTCUSDT | +0.0029% | 8h | 86,563.4 | +0.027% | $506.1M | $1.12B | 200x | as long as short |
| OKX BTC-USDT-SWAP | +0.0039% | 8h | 86,550 | +0.012% | $2.62B | $12.11B | 100x | as long as short |
| Binance BTCUSDT | +0.0040% | 8h | 86,551.9 | +0.014% | $9.54B | $23.17B | 150x | as long as short |
| MEXC BTC_USDT | +0.0040% | 8h | 86,562.8 | +0.026% | $5.13B | $5.31B | 500x | as long as short |
| Aevo BTC-PERP | +0.0040% | 1h | 86,616.7 | +0.089% | $2.4M | $1.3M | 20x | as long as short |
| Bulk BTC-USD | +0.0058% | 1h | 86,654.7 | +0.133% | $571.1M | $66.6M | 40x | as long as short |
| HTX BTC-USDT | +0.0067% | 8h | 86,574.3 | +0.040% | $2.31B | $894.9M | 200x | as long as short |
| Gate BTC_USDT | +0.0069% | 8h | 86,562 | +0.025% | $6.02B | $10.11B | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0072% | 1h | 86,787.8 | +0.286% | $632K | $6.8M | 30x | as long as short |
| ApeX Omni BTCUSDT | +0.0077% | 1h | 86,643 | +0.119% | $141.0M | $320.4M | 100x | as long as short |
| Bybit BTCUSDT | +0.0079% | 8h | 86,554.9 | +0.017% | $5.29B | $9.15B | 150x | as long as short |
| Derive BTC-PERP | +0.0085% | 1h | 86,597 | +0.066% | $30.2M | $60.1M | 15x | as long as short |
| Variational Omni BTC | +0.0086% | 8h | 86,400.3 | −0.161% | $165.2M | $519.9M | — | as long as short |
| Popdex BTCUSDT | +0.0088% | 1h | 86,551 | +0.013% | $8.5M | $49.7M | 100x | as long as short |
| Orderly PERP_BTC_USDC | +0.0088% | 8h | 86,615.8 | +0.088% | $2.3M | $7.7M | 100x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,560.1 | +0.023% | $173.4M | $972.1M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,553.8 | +0.016% | $24.3M | $144.9M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0099% | 8h | 86,574.1 | +0.039% | $4.6M | $7.1M | 50x | as long as short |
| Katana Perps BTC-USDlong | +0.0100% | 8h | 86,540 | long leg | $205K | $6.0M | 50x | |
| Nado BTC-PERP | +0.0100% | 1h | 86,592.6 | +0.061% | $23.1M | $229.2M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,565 | +0.029% | $36.8M | $439.8M | 50x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,556 | +0.018% | $4.0M | $17.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,593.9 | +0.062% | $6.6M | $91.1M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,586.7 | +0.054% | $37.7M | $141.0M | 75x | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,649.7 | +0.127% | $284.5M | $901.2M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,623.6 | +0.097% | $217.6M | $180.7M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,616.1 | +0.088% | $30.8M | $210.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,694.9 | +0.179% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,613 | +0.084% | $10.9M | $12.9M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,599 | +0.068% | $241K | $3.4M | 20x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,573 | +0.038% | $3.4M | $5.7M | 100x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,540.3 | 0.000% | $48.0M | $218.5M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,702.1 | +0.187% | — | $86.7M | 500x | as long as short |
| Deribit BTC-PERPETUAL | +0.0108% | 1h | 86,661.4 | +0.140% | $934.0M | $1.17B | 50x | as long as short |
| Hyperliquid BTC | +0.0147% | 1h | 86,652 | +0.129% | $3.99B | $4.71B | 40x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0168% | 1h | 86,660.8 | +0.140% | $131.7M | $5.89B | 50x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0186% | 1h | 86,626.7 | +0.100% | $13.8M | — | 200x | as long as short |
Reya BTCRUSDPERP
Kalshi KXBTCPERP
Injective BTC/USDC PERP
gTrade (Gains Network) BTC/USD
BingX BTC-USDT
Bitget BTCUSDT
Phemex BTCUSDT
SoDEX BTC-USD
Aster BTCUSDT
OKX BTC-USDT-SWAP
Binance BTCUSDT
MEXC BTC_USDT
Aevo BTC-PERP
Bulk BTC-USD
HTX BTC-USDT
Gate BTC_USDT
Hibachi BTC/USDT-P
ApeX Omni BTCUSDT
Bybit BTCUSDT
Derive BTC-PERP
Variational Omni BTC
Popdex BTCUSDT
Orderly PERP_BTC_USDC
Lighter BTC
Lighter RH BTC
Paradex BTC-USD-PERP
Nado BTC-PERP
Pacifica BTC
Ondo Perps BTC-USD.P
Arcus BTC-USD
Backpack BTC_USDC_PERP
edgeX BTCUSDC
GRVT BTC_USDT_Perp
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
SunX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Deribit BTC-PERPETUAL
Hyperliquid BTC
Coinbase International BTC-PERP-INTX
GMX BTC/USD [WBTC.b-USDC]