Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.003%
Price spread now: Popdex against Nado−0.018%7-day average −0.002% · 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−$16as in the Price arb table
costs, in and out, $10k−$140.140% of the position
Funding, last 4 days (all we have)−0.001%$0 on $10k
+Price spread, last 7 days+0.022%+$2 · spread now −0.018%, 7d avg −0.002%
=Together, before fees+0.021%+ Points / potential airdropNado: Active · farm board+$2 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado BTC-PERP | 85,411.5 | 0.0100 | pay 0.0012% / 1h | 56m 07s | $24.1M | $220.0M | 50x |
| Short | Popdex BTCUSDT | 85,396 | 0.0096 | get 0.0012% / 1h | 56m 07s | $8.7M | $58.4M | 100x |
Nado BTC-PERP
Popdex BTCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex against Nado. 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
- −$0.84
- Price spread: −0.018% → −0.002%
- −$1.64
- Slippage, 4 orders
- −$0.56
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$16.44
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage from Nado: live order book, 3 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 Nado live order book, 3 min ago | 0.06 bp | 3.6 bp −$4 | 3.6 bp −$36 | 4.8 bp −$480 | 10.3 bp −$5,165 |
| Sell Popdex live order book, 3 min ago | 0.06 bp | 3.4 bp −$3 | 9.1 bp −$91 | 10.7 bp −$1,073 | 13.9 bp −$6,932 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,396 | −0.018% | $8K | $2K | 50x | as long as short |
| Phoenix BTC | −0.0034% | 1h | 85,441 | +0.035% | $2.3M | $10.4M | 40x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,412.1 | +0.001% | $425.2M | $685.6M | 150x | as long as short |
| Injective BTC/USDC PERP | −0.0006% | 1h | 85,412 | +0.001% | $307K | $22.9M | 52x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,406.7 | −0.006% | $344K | $2.3M | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0002% | 8h | 85,367.6 | −0.051% | $927.8M | $776.8M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,379.5 | −0.037% | $36.5M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0023% | 8h | 85,353.4 | −0.068% | $501.8M | $1.09B | 200x | as long as short |
| dYdX BTC-USD | +0.0032% | 1h | 85,413.1 | +0.002% | $16.7M | $21.0M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0068% | 1h | 85,374.8 | −0.043% | $186.3M | $953.7M | 100x | as long as short |
Hotstuff BTC-PERP
Phoenix BTC
BloFin BTC-USDT
Injective BTC/USDC PERP
01 Exchange BTCUSD
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
dYdX BTC-USD
Kraken Futures PF_XBTUSDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit BTC-PERPETUAL | +0.0076% | 1h | 85,405.1 | −0.007% | $829.6M | $1.67B | 50x | as long as short |
| BingX BTC-USDC | +0.0080% | 8h | 85,345.9 | −0.077% | — | $17.5M | — | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,376.6 | −0.041% | $169.5M | $936.7M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,379.9 | −0.037% | $23.6M | $133.4M | 50x | as long as short |
| Popdex BTCUSDTshort | +0.0096% | 1h | 85,396 | −0.018% | $8.7M | $58.4M | 100x | |
| Aevo BTC-PERP | +0.0096% | 1h | 85,373 | −0.045% | $2.4M | $6.7M | 20x | as long as short |
| Phemex BTCUSDT | +0.0097% | 8h | 85,374.1 | −0.044% | $159.6M | $517.1M | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,377 | −0.040% | $263K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,449.4 | +0.044% | $5.7M | $9.6M | 50x | as long as short |
| Nado BTC-PERPlong | +0.0100% | 1h | 85,411.5 | long leg | $24.1M | $220.0M | 50x | |
| Pacifica BTC | +0.0100% | 1h | 85,434.4 | +0.027% | $40.2M | $604.6M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,338.2 | −0.086% | $9.40B | $25.19B | 150x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,335.9 | −0.089% | $5.08B | $10.04B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,320.5 | −0.106% | $2.60B | $12.23B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,401 | −0.012% | $3.8M | $17.4M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,417.1 | +0.007% | $4.6M | $97.6M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,382 | −0.034% | $697.9M | $180.4M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,364.3 | −0.055% | $5.46B | $9.82B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,369.7 | −0.049% | $5.02B | $5.71B | 500x | as long as short |
| Bitget BTCUSDT | +0.0100% | 8h | 85,306 | −0.123% | $2.97B | $5.18B | 150x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,359.4 | −0.061% | $37.5M | $193.0M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,265.8 | −0.170% | $155.3M | $548.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,309.9 | −0.119% | $282.9M | $958.2M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,349.1 | −0.073% | $214.2M | $159.0M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,343.3 | −0.080% | $138.1M | $312.7M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,422.2 | +0.013% | $30.1M | $216.8M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,475.5 | +0.075% | — | $9.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,270 | −0.166% | $10.9M | $14.9M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,386.7 | −0.029% | $200K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,377.5 | −0.040% | $2.7M | $9.9M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,414 | +0.003% | $194K | $796K | 40x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,363.3 | −0.056% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,366 | −0.053% | $59.8M | $336.7M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,385.3 | −0.031% | $2.26B | $975.7M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,345.5 | −0.077% | $45.7M | $241.8M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,422.9 | +0.013% | — | $106.7M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,407 | −0.005% | $111.4M | $5.47B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0146% | 1h | 85,371.2 | −0.047% | $6.6M | $140.6M | 40x | as long as short |
| Derive BTC-PERP | +0.0170% | 1h | 85,488.3 | +0.090% | $28.8M | $49.6M | 15x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0174% / S −0.0149% | 1h | 85,377.8 | −0.039% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0179% | 8h | 85,419 | +0.009% | $11.5M | $739.7M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 85,425.1 | +0.016% | $8.9M | $42.9M | 25x | as long as short |
| Hyperliquid BTC | +0.0243% | 1h | 85,454 | +0.050% | $3.79B | $5.12B | 40x | as long as short |
| Aftermath Perps BTCUSD | +0.0282% | 1h | 85,361.6 | −0.058% | $81K | $248K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0320% | 1h | 85,450.2 | +0.045% | $687K | $7.7M | 30x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,426.1 | +0.017% | $471K | $18.4M | 6.7x | as long as short |
Deribit BTC-PERPETUAL
BingX BTC-USDC
Lighter BTC
Lighter RH BTC
Aevo BTC-PERP
Phemex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Pacifica BTC
Binance BTCUSDT
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
MEXC BTC_USDT
Bitget BTCUSDT
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
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
Derive BTC-PERP
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
RISEx BTC/USDC
Hyperliquid BTC
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Perpl BTC