BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0062%/8h= +6.8% APRnext payment +$0.62 per $10,000 · paid last 24h +0.017%

Price spread now: Katana Perps against KuCoin+0.070%7-day average −0.032% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Katana Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.060%+$6 on $10k

Price spread, last 7 days−0.071%−$7 · spread now +0.070%, 7d avg −0.032%

Together, before fees−0.010%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Katana Perps is 0.102% dearer against KuCoin than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XBTUSDTM	85,464.1	0.0038	pay 0.0038% / 8h	6h 38m	$898.2M	$759.3M	125x
Short	Katana Perps BTC-USD	85,524	0.0100	get 0.0100% / 8h	6h 38m	$206K	$7.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee Katana PerpsbpOrdersPrice spread, now +0.070%Rate

Funding earned: $12.98
Price spread: +0.070% → −0.032%: $10.24
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: $7.41
Costs to cover: 0.158%
Break-even: 3.0 days

Slippage unknown: KuCoin: live order book, 6 min ago; Katana Perps: no order-book sample. 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 KuCoin live order book, 6 min ago	0.01 bp	6.0 bp −$6	6.0 bp −$60	7.8 bp −$785	doesn't fit
Sell Katana Perps no order-book sample	—	—	—	—	—

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	−0.0144%	1h	85,678	+0.250%	$2.2M	$10.5M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,584	+0.140%	$8K	$3K	50x	as long as short
BloFin BTC-USDT	−0.0078%	8h	85,853	+0.455%	$415.8M	$658.2M	150x	as long as short
01 Exchange BTCUSD	−0.0056%	1h	85,529.7	+0.077%	$363K	$2.3M	50x	as long as short
dYdX BTC-USD	0.0000%	1h	85,596.8	+0.155%	$16.8M	$21.0M	50x	as long as short
Perpl BTC	0.0000%	43m	85,589.7	+0.147%	$516K	$21.1M	6.7x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,532.6	+0.080%	$36.5M	—	200x	as long as short
Injective BTC/USDC PERP	+0.0020%	1h	85,573	+0.127%	$340K	$26.9M	52x	as long as short
Aster BTCUSDT	+0.0035%	8h	85,510.5	+0.054%	$496.0M	$1.14B	200x	as long as short
KuCoin XBTUSDTMlong	+0.0038%	8h	85,464.1	long leg	$898.2M	$759.3M	125x

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx BTC/USDC	+0.0044%	1h	85,561.9	+0.114%	$7.9M	$42.6M	25x	as long as short
BingX BTC-USDT	+0.0054%	8h	85,505.3	+0.048%	—	$1.59B	—	as long as short
Reya BTCRUSDPERP	+0.0055%	1h	85,552.9	+0.104%	$6.7M	$146.1M	40x	as long as short
HTX BTC-USDT	+0.0065%	8h	85,466.4	+0.003%	$2.27B	$969.6M	200x	as long as short
Bitget BTCUSDT	+0.0068%	8h	85,489	+0.029%	$2.94B	$5.16B	150x	as long as short
Gate BTC_USDT	+0.0076%	8h	85,500.9	+0.043%	$5.60B	$10.47B	200x	as long as short
Nado BTC-PERP	+0.0078%	1h	85,567.1	+0.120%	$22.7M	$230.6M	50x	as long as short
Aevo BTC-PERP	+0.0080%	1h	85,481.6	+0.020%	$2.4M	$1.8M	20x	as long as short
MEXC BTC_USDT	+0.0086%	8h	85,479.7	+0.018%	$5.07B	$5.70B	500x	as long as short
Binance BTCUSDT	+0.0087%	8h	85,534.7	+0.083%	$9.30B	$24.71B	150x	as long as short
Lighter BTC	+0.0096%	1h	85,484.6	+0.024%	$169.2M	$984.3M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,488.8	+0.029%	$23.1M	$145.9M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,551	+0.102%	$8.4M	$52.6M	100x	as long as short
Katana Perps BTC-USDshort	+0.0100%	8h	85,524	+0.070%	$206K	$7.6M	50x
Paradex BTC-USD-PERP	+0.0100%	8h	85,605.4	+0.165%	$3.8M	$8.6M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,562	+0.115%	$3.76B	$4.98B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,594.3	+0.152%	$40.7M	$569.7M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,545.1	+0.095%	$5.28B	$9.87B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,531.9	+0.079%	$2.53B	$12.55B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,539	+0.088%	$3.9M	$17.9M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,535.2	+0.083%	$7.3M	$98.6M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,470.6	+0.008%	$35.0M	$163.5M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,634.2	+0.199%	$157.4M	$554.3M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,806	+0.400%	$278.1M	$938.4M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,648.7	+0.216%	$215.0M	$166.7M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	85,842.7	+0.443%	$140.4M	$321.1M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	85,444	−0.024%	$30.2M	$208.2M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,615.6	+0.177%	—	$11.8M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,554	+0.105%	$11.0M	$14.3M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,536	+0.084%	$191K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,503.2	+0.046%	$2.4M	$9.1M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,532.3	+0.080%	$186K	$709K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,498.1	+0.040%	$29.9M	$57.6M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,516.6	+0.061%	$2.9M	$6.6M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,495	+0.036%	$59.8M	$337.7M	40x	as long as short
Phemex BTCUSDT	+0.0100%	8h	85,476.6	+0.015%	$153.3M	$481.3M	150x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,804.9	+0.399%	$582.3M	$118.5M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	85,472.1	+0.009%	$44.7M	$228.0M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,580.3	+0.136%	—	$102.7M	500x	as long as short
Deribit BTC-PERPETUAL	+0.0106%	1h	85,513	+0.057%	$893.5M	$1.55B	50x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	85,508.3	+0.052%	$130.5M	$5.26B	50x	as long as short
Hibachi BTC/USDT-P	+0.0128%	1h	85,634.1	+0.199%	$697K	$7.9M	30x	as long as short
Kraken Futures PF_XBTUSD	+0.0146%	1h	85,488.9	+0.029%	$187.8M	$973.0M	100x	as long as short
Aftermath Perps BTCUSD	+0.0152%	1h	85,680.4	+0.253%	$78K	$219K	20x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0204% / S −0.0192%	1h	85,526.6	+0.073%	$13.6M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0206%	8h	85,600	+0.159%	$10.0M	$771.3M	6.4x	as long as short