Funding you earn now, next payment 03:00 UTC+0.0156%/8h= +17.1% APRpaid last 24h +0.035%
Price spread now: Katana Perps against 01 Exchange−0.033%7-day average −0.030% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.106%+$11 on $10k
+Price spread, last 7 days+0.019%+$2 · spread now −0.033%, 7d avg −0.030%
=The price spread sits at its 7-day average of −0.030%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange BTCUSD | 85,515.5 | −0.0056 | get 0.0007% / 1h | 52m 57s | $365K | $2.3M | 50x |
| Short | Katana Perps BTC-USD | 85,487 | 0.0100 | get 0.0100% / 8h | 5h 52m | $203K | $7.6M | 50x |
01 Exchange BTCUSD
Katana Perps BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps against 01 Exchange. 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
- $32.72
- Price spread: −0.033% → −0.030%
- −$0.33
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- $21.58
- Costs to cover
- 0.108%
- Break-even
- 2.4 days
Slippage unknown: 01 Exchange: live order book, 1 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 01 Exchange live order book, 1 min ago | 0.01 bp | 5.0 bp −$5 | 9.7 bp −$97 | doesn't fit | 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 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 | −0.0160% | 1h | 85,538 | +0.026% | $2.2M | $10.3M | 40x | as long as short |
| ApeX Omni BTCUSDT | −0.0123% | 1h | 85,466.5 | −0.057% | $139.7M | $316.3M | 100x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,516 | +0.001% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSDlong | −0.0056% | 1h | 85,515.5 | long leg | $365K | $2.3M | 50x | |
| Nado BTC-PERP | −0.0013% | 1h | 85,501.3 | −0.017% | $22.5M | $221.6M | 50x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,532.4 | +0.020% | $16.7M | $20.9M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,575.3 | +0.070% | $36.6M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0018% | 8h | 85,580.8 | +0.076% | $515.9M | $1.11B | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0019% | 8h | 85,550 | +0.040% | $905.5M | $745.1M | 125x | as long as short |
| BingX BTC-USDC | +0.0054% | 8h | 85,578 | +0.073% | — | $17.0M | — | as long as short |
Phoenix BTC
ApeX Omni BTCUSDT
Hotstuff BTC-PERP
Nado BTC-PERP
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
KuCoin XBTUSDTM
BingX BTC-USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX BTC-USDT | +0.0060% | 8h | 85,550 | +0.040% | $2.27B | $930.0M | 200x | as long as short |
| Reya BTCRUSDPERP | +0.0064% | 1h | 85,507.2 | −0.010% | $6.7M | $146.4M | 40x | as long as short |
| Bitget BTCUSDT | +0.0067% | 8h | 85,572.3 | +0.066% | $2.95B | $5.01B | 150x | as long as short |
| SunX BTC-USDT | +0.0077% | 8h | 85,495.3 | −0.024% | $2.9M | $6.2M | 100x | as long as short |
| Injective BTC/USDC PERP | +0.0079% | 1h | 85,617 | +0.119% | $340K | $26.9M | 52x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,570.1 | +0.064% | $2.5M | $1.7M | 20x | as long as short |
| Binance BTCUSDT | +0.0084% | 8h | 85,592.6 | +0.090% | $9.34B | $23.82B | 150x | as long as short |
| MEXC BTC_USDT | +0.0084% | 8h | 85,577.1 | +0.072% | $5.08B | $5.57B | 500x | as long as short |
| SoDEX BTC-USD | +0.0093% | 1h | 85,574 | +0.068% | $59.9M | $336.3M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,576.7 | +0.072% | $169.6M | $983.0M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,581.3 | +0.077% | $24.0M | $147.1M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,519 | +0.004% | $8.4M | $51.5M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0099% | 8h | 85,547 | +0.037% | $3.8M | $8.3M | 50x | as long as short |
| Katana Perps BTC-USDshort | +0.0100% | 8h | 85,487 | −0.033% | $203K | $7.6M | 50x | |
| Hyperliquid BTC | +0.0100% | 1h | 85,653 | +0.161% | $3.76B | $4.90B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,533.2 | +0.021% | $40.1M | $571.6M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,591.3 | +0.089% | $5.33B | $9.57B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,583.9 | +0.080% | $2.56B | $12.10B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,514 | −0.002% | $3.9M | $17.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,473.9 | −0.049% | $7.1M | $96.5M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,482.5 | −0.039% | $608.2M | $317.1M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,599.9 | +0.099% | $5.57B | $10.39B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,574.1 | +0.069% | $34.7M | $170.0M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,577.1 | +0.072% | $153.7M | $552.3M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,494.5 | −0.025% | $278.1M | $928.1M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,468 | −0.056% | $214.5M | $161.4M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,524.1 | +0.010% | $30.2M | $211.2M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,562.7 | +0.055% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,507 | −0.010% | $11.0M | $14.0M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,561.7 | +0.054% | $188K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,577.6 | +0.073% | $2.4M | $8.9M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,618.9 | +0.121% | $197K | $722K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,573.7 | +0.068% | $30.0M | $52.7M | 15x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,570.1 | +0.064% | $149.2M | $479.2M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,557.9 | +0.050% | $44.2M | $226.7M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,525.1 | +0.011% | — | $103.7M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,614 | +0.115% | $130.5M | $5.06B | 50x | as long as short |
| RISEx BTC/USDC | +0.0120% | 1h | 85,538.8 | +0.027% | $8.3M | $42.2M | 25x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0138% | 1h | 85,603.6 | +0.103% | $187.1M | $949.0M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0191% | 1h | 85,570.1 | +0.064% | $78K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0192% | 1h | 85,527.1 | +0.014% | $682K | $7.8M | 30x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0203% / S −0.0181% | 1h | 85,570 | +0.064% | $13.6M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0211% | 8h | 85,536 | +0.024% | $10.4M | $760.2M | 6.4x | as long as short |
| Deribit BTC-PERPETUAL | +0.0213% | 1h | 85,621.5 | +0.124% | $894.8M | $1.52B | 50x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,559.5 | +0.051% | $509K | $19.6M | 6.7x | as long as short |
HTX BTC-USDT
Reya BTCRUSDPERP
Bitget BTCUSDT
SunX BTC-USDT
Injective BTC/USDC PERP
Aevo BTC-PERP
Binance BTCUSDT
MEXC BTC_USDT
SoDEX BTC-USD
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk 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
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
RISEx BTC/USDC
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Deribit BTC-PERPETUAL
Perpl BTC