Funding you earn now, next payment 01:00 UTC+0.0045%/8h= +4.9% APRpaid last 24h +0.017%
Price spread now: Popdex against BingX+0.005%7-day average — · 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−$23as in the Price arb table
costs, in and out, $10k−$240.239% of the position
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX BTC-USDT | 86,234.5 | 0.0051 | pay 0.0051% / 8h | 7h 16m | — | $1.58B | — |
| Short | Popdex BTCUSDT | 86,239 | 0.0096 | get 0.0012% / 1h | 16m 23s | $8.4M | $52.1M | 100x |
BingX BTC-USDT
Popdex BTCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex against BingX. 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
- $9.45
- Price spread: +0.005% → 0.000%
- $0.52
- Slippage, 4 orders
- −$7.47
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$13.9
- Costs to cover
- 0.239%
- Break-even
- 17.3 days
Slippage from BingX: live order book, 8 min ago; Popdex: live order book, 3 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 BingX live order book, 8 min ago | 0.02 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.0 bp −$502 | 5.0 bp −$2,514 |
| Sell Popdex live order book, 3 min ago | 2.73 bp | 7.4 bp −$7 | 7.4 bp −$74 | 7.6 bp −$765 | 9.0 bp −$4,504 |
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 | 86,239 | +0.005% | $2.2M | $11.2M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,206 | −0.033% | $9K | $3K | 50x | as long as short |
| Bluefin BTC-PERP | −0.0065% | 1h | 86,267.2 | +0.038% | $144K | $667K | 40x | as long as short |
| 01 Exchange BTCUSD | −0.0040% | 1h | 86,245.6 | +0.013% | $363K | $2.3M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,263.3 | +0.033% | $540K | $21.3M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 86,249.2 | +0.017% | $36.9M | — | 200x | as long as short |
| dYdX BTC-USD | +0.0022% | 1h | 86,243.1 | +0.010% | $16.9M | $20.5M | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 86,358 | +0.143% | $343K | $26.9M | 52x | as long as short |
| Aster BTCUSDT | +0.0030% | 8h | 86,235.2 | +0.001% | $500.0M | $1.13B | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0043% | 8h | 86,240.8 | +0.007% | $831.0M | $718.5M | 125x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
Bluefin BTC-PERP
01 Exchange BTCUSD
Perpl BTC
gTrade (Gains Network) BTC/USD
dYdX BTC-USD
Injective BTC/USDC PERP
Aster BTCUSDT
KuCoin XBTUSDTMShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0048% | 1h | 86,231.2 | −0.004% | $6.7M | $145.8M | 40x | as long as short |
| BingX BTC-USDTlong | +0.0051% | 8h | 86,234.5 | long leg | — | $1.58B | — | |
| RISEx BTC/USDC | +0.0052% | 1h | 86,250.5 | +0.019% | $8.3M | $42.4M | 25x | as long as short |
| Bitget BTCUSDT | +0.0065% | 8h | 86,241.1 | +0.008% | $2.97B | $5.05B | 150x | as long as short |
| SoDEX BTC-USD | +0.0074% | 1h | 86,188 | −0.054% | $60.4M | $338.2M | 40x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 86,233.6 | −0.001% | $2.5M | $1.8M | 20x | as long as short |
| MEXC BTC_USDT | +0.0083% | 8h | 86,233.7 | −0.001% | $5.09B | $5.74B | 500x | as long as short |
| Binance BTCUSDT | +0.0083% | 8h | 86,233 | −0.002% | $9.40B | $24.32B | 150x | as long as short |
| Gate BTC_USDT | +0.0093% | 8h | 86,235.8 | +0.002% | $5.76B | $10.60B | 200x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,270 | +0.041% | $170.4M | $990.5M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,267.4 | +0.038% | $23.6M | $151.3M | 50x | as long as short |
| Popdex BTCUSDTshort | +0.0096% | 1h | 86,239 | +0.005% | $8.4M | $52.1M | 100x | |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,220 | −0.017% | $196K | $7.2M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,278 | +0.050% | $4.2M | $8.6M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,250 | +0.018% | $22.0M | $227.0M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,313 | +0.091% | $3.78B | $4.99B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,280.9 | +0.054% | $40.6M | $558.6M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 86,238.3 | +0.004% | $5.25B | $9.65B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,238.3 | +0.004% | $2.56B | $12.46B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,234 | −0.001% | $3.9M | $17.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,268.1 | +0.039% | $7.2M | $95.0M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,145.7 | −0.103% | $580.3M | $59.0M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,200.7 | −0.039% | $35.6M | $160.6M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,271.9 | +0.043% | $157.9M | $558.2M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,274.4 | +0.046% | $278.7M | $950.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,277 | +0.049% | $216.6M | $165.7M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,283.5 | +0.057% | $141.3M | $321.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,204.5 | −0.035% | $30.6M | $208.7M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,278.4 | +0.051% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,240 | +0.006% | $11.1M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,234.6 | 0.000% | $191K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,221.5 | −0.015% | $2.4M | $9.0M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,210.7 | −0.028% | $30.3M | $56.9M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,203.5 | −0.036% | $3.3M | $5.4M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,201.5 | −0.038% | $2.29B | $959.1M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 86,212.7 | −0.025% | $155.1M | $473.4M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,222.1 | −0.014% | $46.0M | $222.5M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,210 | −0.028% | — | $99.0M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,233.9 | −0.001% | $132.2M | $5.33B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,226.4 | −0.009% | $191.7M | $946.3M | 100x | as long as short |
| Deribit BTC-PERPETUAL | +0.0156% | 1h | 86,239.7 | +0.006% | $902.1M | $1.51B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0168% | 1h | 86,215.3 | −0.022% | $712K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0169% | 1h | 86,303 | +0.079% | $77K | $217K | 20x | as long as short |
| BloFin BTC-USDT | +0.0203% | 8h | 86,184.8 | −0.058% | $415.3M | $641.0M | 150x | as long as short |
| Kalshi KXBTCPERP | +0.0204% | 8h | 86,236 | +0.002% | $10.5M | $765.9M | 6.4x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0207% / S −0.0222% | 1h | 86,247 | +0.015% | $14.5M | — | 200x | as long as short |
Reya BTCRUSDPERP
RISEx BTC/USDC
Bitget BTCUSDT
SoDEX BTC-USD
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Gate BTC_USDT
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
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
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
Deribit BTC-PERPETUAL
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
BloFin BTC-USDT
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]