Funding you earn now, next payment 02:00 UTC+0.0070%/8h= +7.6% APRpaid last 24h +0.012%
Price spread now: Popdex against Aster+0.044%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$160.156% of the position
Funding, last 3 days (all we have)+0.018%+$2 on $10k
+Price spread, last 7 days−0.042%−$4 · spread now +0.044%, 7d avg +0.003%
=Together, before fees−0.024%+ Points / potential airdropAster: Stage 5 · farm board−$2 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 Popdex is 0.041% dearer against Aster than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.003%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster BTCUSDT | 85,706.1 | 0.0026 | pay 0.0026% / 8h | 6h 53m | $497.7M | $1.13B | 200x |
| Short | Popdex BTCUSDT | 85,744 | 0.0096 | get 0.0012% / 1h | 53m 39s | $8.4M | $52.5M | 100x |
Aster BTCUSDT
Popdex BTCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex against Aster. 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
- $14.67
- Price spread: +0.044% → +0.003%
- $4.11
- Slippage, 4 orders
- −$1.18
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- $3.19
- Costs to cover
- 0.156%
- Break-even
- 5.5 days
Slippage from Aster: live order book, 6 min ago; Popdex: live order book, 1 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 Aster live order book, 6 min ago | 0.01 bp | 4.0 bp −$4 | 4.0 bp −$40 | 4.6 bp −$460 | 7.4 bp −$3,689 |
| Sell Popdex live order book, 1 min ago | 0.06 bp | 3.3 bp −$3 | 3.3 bp −$33 | 3.5 bp −$347 | 4.9 bp −$2,427 |
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 | 85,740 | +0.040% | $2.2M | $10.5M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,624 | −0.096% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0056% | 1h | 85,732.6 | +0.031% | $364K | $2.3M | 50x | as long as short |
| ApeX Omni BTCUSDT | −0.0038% | 1h | 85,878.6 | +0.201% | $140.4M | $320.6M | 100x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,727.6 | +0.025% | $16.8M | $20.6M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,633.6 | −0.085% | $516K | $21.3M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,654.9 | −0.060% | $36.6M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0020% | 1h | 85,810 | +0.121% | $341K | $26.9M | 52x | as long as short |
| Aster BTCUSDTlong | +0.0026% | 8h | 85,706.1 | long leg | $497.7M | $1.13B | 200x | |
| HTX BTC-USDT | +0.0033% | 8h | 85,670.6 | −0.041% | $2.27B | $966.2M | 200x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
ApeX Omni BTCUSDT
dYdX BTC-USD
Perpl BTC
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERP
HTX BTC-USDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin BTC-USDT | +0.0039% | 8h | 85,659 | −0.055% | $412.9M | $654.9M | 150x | as long as short |
| KuCoin XBTUSDTM | +0.0044% | 8h | 85,671.7 | −0.040% | $831.2M | $730.1M | 125x | as long as short |
| RISEx BTC/USDC | +0.0044% | 1h | 85,732.4 | +0.031% | $8.1M | $42.6M | 25x | as long as short |
| SoDEX BTC-USD | +0.0050% | 1h | 85,679 | −0.032% | $60.0M | $338.2M | 40x | as long as short |
| Reya BTCRUSDPERP | +0.0052% | 1h | 85,624.8 | −0.095% | $6.7M | $145.9M | 40x | as long as short |
| BingX BTC-USDT | +0.0052% | 8h | 85,725.8 | +0.023% | — | $1.59B | — | as long as short |
| Bitget BTCUSDT | +0.0065% | 8h | 85,719.3 | +0.015% | $2.94B | $5.12B | 150x | as long as short |
| MEXC BTC_USDT | +0.0079% | 8h | 85,715.7 | +0.011% | $5.07B | $5.64B | 500x | as long as short |
| Binance BTCUSDT | +0.0080% | 8h | 85,743.8 | +0.044% | $9.32B | $24.56B | 150x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,666.7 | −0.046% | $2.5M | $1.8M | 20x | as long as short |
| Gate BTC_USDT | +0.0084% | 8h | 85,726.7 | +0.024% | $5.67B | $10.32B | 200x | as long as short |
| GRVT BTC_USDT_Perp | +0.0092% | 8h | 85,651.7 | −0.064% | $215.0M | $162.3M | 50x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,706.4 | 0.000% | $170.5M | $973.5M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,727.9 | +0.025% | $23.3M | $144.9M | 50x | as long as short |
| Popdex BTCUSDTshort | +0.0096% | 1h | 85,744 | +0.044% | $8.4M | $52.5M | 100x | |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,703 | −0.004% | $198K | $7.4M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,712.7 | +0.008% | $3.8M | $8.8M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 85,650.6 | −0.065% | $22.0M | $228.2M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,748 | +0.049% | $3.76B | $5.01B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,737.8 | +0.037% | $40.7M | $566.3M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,763 | +0.066% | $5.24B | $9.79B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,757 | +0.059% | $2.54B | $12.52B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,684 | −0.026% | $3.9M | $17.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,718.3 | +0.014% | $7.3M | $97.9M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,888.3 | +0.213% | $579.3M | $92.3M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,706.3 | 0.000% | $35.1M | $162.3M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,711.3 | +0.006% | $155.5M | $555.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,859.5 | +0.179% | $277.9M | $937.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,697 | −0.011% | $30.3M | $206.4M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,696.2 | −0.012% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,627 | −0.092% | $11.0M | $14.2M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,638 | −0.079% | $191K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,660.8 | −0.053% | $2.4M | $9.1M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,681.7 | −0.029% | $186K | $709K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,683.9 | −0.026% | $29.9M | $57.4M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,638 | −0.079% | $3.2M | $5.7M | 100x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,694.9 | −0.013% | $153.6M | $475.3M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,699.5 | −0.008% | $45.3M | $225.2M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,671.1 | −0.041% | — | $101.3M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,725 | +0.022% | $131.4M | $5.25B | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0116% | 1h | 85,721.7 | +0.018% | $898.4M | $1.53B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0120% | 1h | 85,683.2 | −0.027% | $706K | $8.0M | 30x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0146% | 1h | 85,716.1 | +0.012% | $185.9M | $964.1M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0157% | 1h | 85,850.3 | +0.168% | $77K | $217K | 20x | as long as short |
| Kalshi KXBTCPERP | +0.0203% | 8h | 85,669 | −0.043% | $10.0M | $768.1M | 6.4x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0204% / S −0.0197% | 1h | 85,648.5 | −0.067% | $13.8M | — | 200x | as long as short |
BloFin BTC-USDT
KuCoin XBTUSDTM
RISEx BTC/USDC
SoDEX BTC-USD
Reya BTCRUSDPERP
BingX BTC-USDT
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
Gate BTC_USDT
GRVT BTC_USDT_Perp
Lighter BTC
Lighter RH BTC
Katana Perps BTC-USD
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
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Deribit BTC-PERPETUAL
Hibachi BTC/USDT-P
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]