Funding you earn now, next payment 08:00 UTC+0.0025%/8h= +2.7% APRnext payment +$0.25 per $10,000 · paid last 24h +0.007%
Price spread now: Katana Perps against MEXC+0.014%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)+0.019%+$2 on $10k
+Price spread, last 7 days−0.005%$0 · spread now +0.014%, 7d avg −0.033%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Katana Perps is 0.046% dearer against MEXC than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.033%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC BTC_USDT | 86,291.1 | 0.0075 | pay 0.0075% / 8h | 7h 49m | $5.12B | $5.66B | 500x |
| Short | Katana Perps BTC-USD | 86,303 | 0.0100 | get 0.0100% / 8h | 7h 49m | $207K | $7.1M | 50x |
MEXC BTC_USDT
Katana Perps BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps against MEXC. 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
- $5.21
- Price spread: +0.014% → −0.033%
- $4.64
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- $2.04
- Costs to cover
- 0.078%
- Break-even
- 4.3 days
Slippage unknown: MEXC: live order book, 9 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 MEXC live order book, 9 min ago | 0.01 bp | 2.0 bp −$2 | 2.0 bp −$20 | 2.1 bp −$208 | 2.6 bp −$1,280 |
| 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 | −0.0129% | 1h | 86,441 | +0.174% | $2.2M | $11.2M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,306 | +0.017% | $9K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0032% | 1h | 86,329.5 | +0.045% | $362K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,345.2 | +0.063% | $460K | $22.2M | 6.7x | as long as short |
| dYdX BTC-USD | +0.0003% | 1h | 86,307.1 | +0.018% | $16.9M | $20.6M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,361.7 | +0.082% | $36.9M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0014% | 8h | 86,292 | +0.001% | $500.4M | $1.15B | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 86,616 | +0.377% | $333K | $26.9M | 52x | as long as short |
| Deribit BTC-PERPETUAL | +0.0026% | 1h | 86,317.7 | +0.031% | $903.1M | $1.51B | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0030% | 8h | 86,290.9 | 0.000% | $829.5M | $723.8M | 125x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
Perpl BTC
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
Injective BTC/USDC PERP
Deribit BTC-PERPETUAL
KuCoin XBTUSDTMShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0041% | 1h | 86,338.3 | +0.055% | $6.7M | $145.7M | 40x | as long as short |
| BingX BTC-USDC | +0.0047% | 8h | 86,283.6 | −0.009% | — | $15.4M | — | as long as short |
| RISEx BTC/USDC | +0.0052% | 1h | 86,345.8 | +0.063% | $8.3M | $42.9M | 25x | as long as short |
| SoDEX BTC-USD | +0.0059% | 1h | 86,284 | −0.008% | $60.4M | $338.2M | 40x | as long as short |
| Bitget BTCUSDT | +0.0060% | 8h | 86,294.4 | +0.004% | $2.96B | $5.10B | 150x | as long as short |
| ApeX Omni BTCUSDT | +0.0069% | 1h | 86,448.9 | +0.183% | $141.6M | $323.3M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0072% | 1h | 86,300.2 | +0.011% | $140K | $663K | 40x | as long as short |
| Aevo BTC-PERP | +0.0072% | 1h | 86,459.2 | +0.195% | $2.5M | $1.5M | 20x | as long as short |
| MEXC BTC_USDTlong | +0.0075% | 8h | 86,291.1 | long leg | $5.12B | $5.66B | 500x | |
| Binance BTCUSDT | +0.0076% | 8h | 86,291.3 | 0.000% | $9.40B | $24.51B | 150x | as long as short |
| Gate BTC_USDT | +0.0077% | 8h | 86,293.9 | +0.003% | $5.81B | $10.48B | 200x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,297.4 | +0.007% | $169.9M | $981.4M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,302.8 | +0.014% | $23.7M | $148.8M | 50x | as long as short |
| GRVT BTC_USDT_Perp | +0.0096% | 8h | 86,431.6 | +0.163% | $216.9M | $167.8M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,333 | +0.049% | $8.4M | $52.2M | 100x | as long as short |
| Katana Perps BTC-USDshort | +0.0100% | 8h | 86,303 | +0.014% | $207K | $7.1M | 50x | |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,356.8 | +0.076% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,310.6 | +0.023% | $22.1M | $232.1M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,369 | +0.090% | $3.79B | $5.04B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,353.8 | +0.073% | $40.7M | $540.8M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 86,298.9 | +0.009% | $5.26B | $9.75B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,307.2 | +0.019% | $2.56B | $12.63B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,338 | +0.054% | $3.9M | $18.0M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,358.9 | +0.079% | $7.3M | $95.9M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,523.6 | +0.269% | $572.9M | $12.4M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,279 | −0.014% | $37.5M | $155.4M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,309.8 | +0.022% | $157.9M | $567.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,419.2 | +0.148% | $279.1M | $949.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,300 | +0.010% | $30.6M | $208.4M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,377.1 | +0.100% | — | $11.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,340 | +0.057% | $11.1M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,343.5 | +0.061% | $192K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,278.6 | −0.014% | $2.5M | $9.1M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,301.8 | +0.012% | $30.4M | $62.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,304.4 | +0.015% | $3.4M | $5.3M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,280.3 | −0.013% | $2.29B | $967.9M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 86,294.8 | +0.004% | $153.0M | $478.8M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,276.7 | −0.017% | $45.9M | $224.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,336.6 | +0.053% | — | $99.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,332.4 | +0.048% | $132.5M | $5.57B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,317.9 | +0.031% | $192.3M | $951.1M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0165% | 1h | 86,423.8 | +0.154% | $76K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0168% | 1h | 86,388.4 | +0.113% | $714K | $8.0M | 30x | as long as short |
| BloFin BTC-USDT | +0.0196% | 8h | 86,301 | +0.011% | $414.7M | $654.0M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0201% / S −0.0215% | 1h | 86,352.2 | +0.071% | $14.5M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0211% | 8h | 86,342 | +0.059% | $9.5M | $760.5M | 6.4x | as long as short |
Reya BTCRUSDPERP
BingX BTC-USDC
RISEx BTC/USDC
SoDEX BTC-USD
Bitget BTCUSDT
ApeX Omni BTCUSDT
Bluefin BTC-PERP
Aevo BTC-PERP
Binance BTCUSDT
Gate BTC_USDT
Lighter BTC
Lighter RH BTC
GRVT BTC_USDT_Perp
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
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP