Funding you earn now, next payment 05:00 UTC−0.0155%/8h= −17.0% APRnext payment −$0.19 per $10,000 · paid last 24h −0.009%
Price spread now: Popdex against Aftermath Perps−0.073%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$270.274% of the position
Funding, last 3 days (all we have)−0.041%−$4 on $10k
+Price spread, last 4 days (all we have)−0.012%−$1 · spread now −0.073%, 7d avg −0.023%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Popdex is 0.051% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.023%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aftermath Perps BTCUSD | 85,514.6 | 0.0251 | pay 0.0031% / 1h | 11m 56s | $78K | $222K | 20x |
| Short | Popdex BTCUSDT | 85,452 | 0.0096 | get 0.0012% / 1h | 11m 56s | $8.4M | $55.1M | 100x |
Aftermath Perps BTCUSD
Popdex BTCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex against Aftermath 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
- −$32.54
- Price spread: −0.073% → −0.023%
- −$5.07
- Slippage, 4 orders
- −$11.99
- Fee Aftermath Perps: 4.5 bp × 2 orders
- −$9
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$65
- Costs to cover
- 0.274%
- Break-even
- never at this rate
Slippage from Aftermath Perps: live order book, 42 min ago; Popdex: live order book, 2 min ago.
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 Aftermath Perps live order book, 42 min ago | 0.00 bp | 6.3 bp −$6 | 10.2 bp −$102 | doesn't fit | doesn't fit |
| Sell Popdex live order book, 2 min ago | 0.06 bp | 3.5 bp −$3 | 3.5 bp −$35 | 3.9 bp −$386 | 4.9 bp −$2,431 |
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 | −0.0140% | 1h | 85,504 | −0.012% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,473 | −0.049% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0045% | 8h | 85,439 | −0.088% | $919.3M | $758.2M | 125x | as long as short |
| BloFin BTC-USDT | −0.0027% | 8h | 85,453.8 | −0.071% | $420.4M | $675.7M | 150x | as long as short |
| Aster BTCUSDT | −0.0008% | 8h | 85,442.4 | −0.084% | $514.5M | $1.10B | 200x | as long as short |
| 01 Exchange BTCUSD | −0.0008% | 1h | 85,470.3 | −0.052% | $363K | $2.3M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,475.8 | −0.045% | $503K | $18.7M | 6.7x | as long as short |
| Nado BTC-PERP | +0.0003% | 1h | 85,450.1 | −0.076% | $24.4M | $222.9M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,449.8 | −0.076% | $36.5M | — | 200x | as long as short |
| dYdX BTC-USD | +0.0030% | 1h | 85,493.3 | −0.025% | $16.8M | $21.2M | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
01 Exchange BTCUSD
Perpl BTC
Nado BTC-PERP
gTrade (Gains Network) BTC/USD
dYdX BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit BTC-PERPETUAL | +0.0043% | 1h | 85,476.5 | −0.045% | $872.2M | $1.60B | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0044% | 1h | 85,552 | +0.044% | $340K | $26.9M | 52x | as long as short |
| SoDEX BTC-USD | +0.0046% | 1h | 85,430 | −0.099% | $59.9M | $335.9M | 40x | as long as short |
| BingX BTC-USDT | +0.0063% | 8h | 85,449.4 | −0.076% | — | $1.55B | — | as long as short |
| Phemex BTCUSDT | +0.0067% | 8h | 85,431.4 | −0.097% | $148.6M | $497.8M | 150x | as long as short |
| Bitget BTCUSDT | +0.0079% | 8h | 85,436.2 | −0.092% | $2.95B | $5.12B | 150x | as long as short |
| MEXC BTC_USDT | +0.0092% | 8h | 85,437 | −0.091% | $5.07B | $5.68B | 500x | as long as short |
| Binance BTCUSDT | +0.0093% | 8h | 85,448.7 | −0.077% | $9.44B | $24.48B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,449 | −0.077% | $172.0M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,447.9 | −0.078% | $23.9M | $149.0M | 50x | as long as short |
| Popdex BTCUSDTshort | +0.0096% | 1h | 85,452 | −0.073% | $8.4M | $55.1M | 100x | |
| Aevo BTC-PERP | +0.0096% | 1h | 85,430.3 | −0.099% | $2.8M | $3.5M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,438 | −0.090% | $228K | $8.4M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,521.3 | +0.008% | $5.7M | $9.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,527 | +0.014% | $3.79B | $5.02B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,494.8 | −0.023% | $40.4M | $591.8M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,450.8 | −0.075% | $5.17B | $9.86B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,462.6 | −0.061% | $2.59B | $12.12B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,464 | −0.059% | $3.8M | $17.7M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,459.9 | −0.064% | $4.7M | $99.4M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,455.5 | −0.069% | $679.5M | $683.6M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,448.5 | −0.077% | $5.53B | $10.85B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,431.4 | −0.097% | $36.4M | $178.0M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,488.9 | −0.030% | $154.5M | $565.3M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,507.9 | −0.008% | $279.4M | $932.1M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,529.2 | +0.017% | $214.9M | $168.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,566.9 | +0.061% | $139.9M | $316.2M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,472 | −0.050% | $30.2M | $206.7M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,510.4 | −0.005% | — | $11.0M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,446 | −0.080% | $11.1M | $14.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,437.5 | −0.090% | $203K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,426 | −0.104% | $2.5M | $8.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,478.8 | −0.042% | $206K | $737K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,419.3 | −0.111% | $30.0M | $50.1M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,433.1 | −0.095% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,430.9 | −0.098% | $2.26B | $950.1M | 200x | as long as short |
| Reya BTCRUSDPERP | +0.0104% | 1h | 85,430.7 | −0.098% | $6.6M | $147.2M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,411.3 | −0.121% | $45.7M | $235.0M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,473.9 | −0.048% | — | $106.4M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,471.4 | −0.051% | $117.2M | $5.26B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0135% | 1h | 85,450.7 | −0.075% | $187.7M | $956.7M | 100x | as long as short |
| Kalshi KXBTCPERP | +0.0173% | 8h | 85,482 | −0.038% | $11.5M | $753.3M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,489.4 | −0.029% | $8.6M | $42.9M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,449.8 | −0.076% | $13.0M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0240% | 1h | 85,508.7 | −0.007% | $700K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSDlong | +0.0251% | 1h | 85,514.6 | long leg | $78K | $222K | 20x |
Deribit BTC-PERPETUAL
Injective BTC/USDC PERP
SoDEX BTC-USD
BingX BTC-USDT
Phemex BTCUSDT
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Aevo BTC-PERP
Katana Perps BTC-USD
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
ApeX Omni BTCUSDT
StandX BTC-USD
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
Reya BTCRUSDPERP
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
Kalshi KXBTCPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P