Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%
Price spread now: StandX against Katana Perps+0.023%7-day average +0.029% · 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)−0.002%$0 on $10k
+Price spread, last 7 days−0.043%−$4 · spread now +0.023%, 7d avg +0.029%
=Together, before fees−0.046%+ Points / potential airdropStandX: Active · farm board−$5 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps BTC-USD | 86,577 | 0.0100 | pay 0.0100% / 8h | 41m 37s | $200K | $7.0M | 50x |
| Short | StandX BTC-USD | 86,596.7 | 0.0100 | get 0.0013% / 1h | 41m 37s | $30.7M | $204.7M | 40x |
Katana Perps BTC-USD
StandX BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
StandX 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: +0.023% → +0.029%
- −$0.59
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee StandX: 4 bp × 2 orders
- −$8
- Net
- −$12.35
- Costs to cover
- 0.118%
- Break-even
- 1967.4 days
Slippage unknown: Katana Perps: no order-book sample; StandX: 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 StandX live order book, 3 min ago | 0.98 bp | 5.3 bp −$5 | 6.4 bp −$64 | 7.4 bp −$741 | 8.9 bp −$4,438 |
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 | −0.0118% | 1h | 86,580 | +0.003% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,586 | +0.010% | $9K | $3K | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0035% | 1h | 86,568 | −0.010% | $333K | $26.8M | 52x | as long as short |
| RISEx BTC/USDC | −0.0024% | 1h | 86,610.4 | +0.039% | $8.3M | $42.9M | 25x | as long as short |
| 01 Exchange BTCUSD | −0.0024% | 1h | 86,610.1 | +0.038% | $361K | $2.5M | 50x | as long as short |
| Aster BTCUSDT | 0.0000% | 8h | 86,603.2 | +0.030% | $502.3M | $1.15B | 200x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,597.6 | +0.024% | $916.4M | $1.49B | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,585.7 | +0.010% | $36.9M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0013% | 8h | 86,565.4 | −0.013% | $850.9M | $715.1M | 125x | as long as short |
| dYdX BTC-USD | +0.0025% | 1h | 86,584.4 | +0.009% | $17.0M | $21.1M | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
Injective BTC/USDC PERP
RISEx BTC/USDC
01 Exchange BTCUSD
Aster BTCUSDT
Deribit BTC-PERPETUAL
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
dYdX BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0027% | 1h | 86,572.2 | −0.006% | $6.7M | $145.4M | 40x | as long as short |
| BingX BTC-USDT | +0.0042% | 8h | 86,599.6 | +0.026% | — | $1.59B | — | as long as short |
| Phemex BTCUSDT | +0.0042% | 8h | 86,578.5 | +0.002% | $150.4M | $479.5M | 150x | as long as short |
| Bitget BTCUSDT | +0.0052% | 8h | 86,596.8 | +0.023% | $2.96B | $5.12B | 150x | as long as short |
| MEXC BTC_USDT | +0.0072% | 8h | 86,571.9 | −0.006% | $5.15B | $5.64B | 500x | as long as short |
| Aevo BTC-PERP | +0.0072% | 1h | 86,565.1 | −0.014% | $2.4M | $1.3M | 20x | as long as short |
| Binance BTCUSDT | +0.0073% | 8h | 86,600 | +0.027% | $9.44B | $24.57B | 150x | as long as short |
| Gate BTC_USDT | +0.0082% | 8h | 86,598.5 | +0.025% | $5.88B | $10.74B | 200x | as long as short |
| SoDEX BTC-USD | +0.0093% | 1h | 86,564 | −0.015% | $60.5M | $337.7M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,581 | +0.005% | $170.5M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,592.6 | +0.018% | $24.1M | $151.8M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,600 | +0.027% | $8.5M | $52.6M | 100x | as long as short |
| Katana Perps BTC-USDlong | +0.0100% | 8h | 86,577 | long leg | $200K | $7.0M | 50x | |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,600.3 | +0.027% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,564.4 | −0.014% | $21.8M | $234.8M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,641 | +0.074% | $3.80B | $5.11B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,605.2 | +0.033% | $40.8M | $524.0M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 86,596.7 | +0.023% | $5.27B | $9.82B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,611.3 | +0.040% | $2.55B | $12.77B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,582 | +0.006% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,631.4 | +0.063% | $7.6M | $95.1M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,560.7 | −0.019% | $572.5M | $17.8M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,561.4 | −0.018% | $38.4M | $156.0M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,628.8 | +0.060% | $157.3M | $569.4M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,643 | +0.076% | $279.9M | $948.2M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,607.5 | +0.035% | $217.5M | $171.6M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,662 | +0.098% | $141.6M | $323.3M | 100x | as long as short |
| StandX BTC-USDshort | +0.0100% | 1h | 86,596.7 | +0.023% | $30.7M | $204.7M | 40x | |
| Vest BTC-PERP | +0.0100% | 1h | 86,628.4 | +0.059% | — | $11.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,574 | −0.003% | $11.1M | $13.8M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,570 | −0.008% | $190K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,569.6 | −0.009% | $2.4M | $8.9M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,596.3 | +0.022% | $140K | $663K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,595.8 | +0.022% | $30.6M | $62.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,626 | +0.057% | $3.4M | $5.4M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,566.1 | −0.013% | $2.30B | $970.6M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,584.3 | +0.008% | $45.5M | $227.2M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,584.2 | +0.008% | — | $98.9M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0110% | 1h | 86,588.1 | +0.013% | $193.5M | $951.7M | 100x | as long as short |
| Perpl BTC | +0.0112% | 43m | 86,586.8 | +0.011% | $418K | $23.2M | 6.7x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,600.9 | +0.028% | $132.7M | $5.68B | 50x | as long as short |
| Aftermath Perps BTCUSD | +0.0119% | 1h | 86,610.6 | +0.039% | $79K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0184% | 1h | 86,688.4 | +0.129% | $729K | $8.1M | 30x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0193% / S −0.0216% | 1h | 86,579.7 | +0.003% | $15.1M | — | 200x | as long as short |
| BloFin BTC-USDT | +0.0193% | 8h | 86,567.3 | −0.011% | $413.7M | $658.7M | 150x | as long as short |
| Kalshi KXBTCPERP | +0.0209% | 8h | 86,606 | +0.033% | $9.7M | $743.6M | 6.4x | as long as short |
Reya BTCRUSDPERP
BingX BTC-USDT
Phemex BTCUSDT
Bitget BTCUSDT
MEXC BTC_USDT
Aevo BTC-PERP
Binance BTCUSDT
Gate BTC_USDT
SoDEX BTC-USD
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Perpl BTC
Coinbase International BTC-PERP-INTX
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
GMX BTC/USD [WBTC.b-USDC]
BloFin BTC-USDT
Kalshi KXBTCPERP