Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.004%
Price spread now: MEXC against Popdex+0.105%54s7-day average −0.004% · 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—prices read too far apart to compare
costs, in and out, $10k−$110.109% of the position
Funding, last 4 days (all we have)−0.016%−$2 on $10k
+Price spread, last 7 days−0.108%−$11 · spread now +0.105%, 7d avg −0.004%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.109% dearer against Popdex than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.004%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex BTCUSDT | 85,360 | 0.0096 | pay 0.0012% / 1h | 54m 48s | $8.7M | $58.4M | 100x |
| Short | MEXC BTC_USDT | 85,449.6 | 0.0100 | get 0.0100% / 8h | 7h 54m | $5.02B | $5.71B | 500x |
Popdex BTCUSDT
MEXC BTC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Popdex. 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: +0.105% → −0.004%
- $10.91
- Slippage, 4 orders
- −$0.46
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $0.89
- Costs to cover
- 0.109%
- Break-even
- from the start
Slippage from Popdex: live order book, 4 min ago; MEXC: live order book, 4 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 Popdex live order book, 4 min ago | 0.06 bp | 3.4 bp −$3 | 12.2 bp −$122 | 14.2 bp −$1,424 | 17.7 bp −$8,842 |
| Sell MEXC live order book, 4 min ago | 0.01 bp | 2.0 bp −$2 | 2.0 bp −$20 | 2.0 bp −$202 | 2.0 bp −$1,015 |
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 | +0.042% | $8K | $2K | 50x | as long as short |
| Phoenix BTC | −0.0034% | 1h | 85,441 | +0.095% | $2.3M | $10.4M | 40x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,391.5 | +0.037% | $425.1M | $685.3M | 150x | as long as short |
| Injective BTC/USDC PERP | −0.0006% | 1h | 85,417 | +0.067% | $307K | $23.1M | 52x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,356.1 | −0.005% | $344K | $2.3M | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0003% | 8h | 85,466.4 | +0.125% | $930.7M | $776.7M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,400.7 | +0.048% | $36.5M | — | 200x | as long as short |
| dYdX BTC-USD | +0.0019% | 1h | 85,464.7 | +0.123% | $16.7M | $21.0M | 50x | as long as short |
| Aster BTCUSDT | +0.0023% | 8h | 85,446.3 | +0.101% | $502.4M | $1.09B | 200x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0068% | 1h | 85,414.5 | +0.064% | $186.4M | $953.6M | 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
dYdX BTC-USD
Aster BTCUSDT
Kraken Futures PF_XBTUSDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0080% | 8h | 85,467.7 | +0.126% | — | $1.59B | — | as long as short |
| Deribit BTC-PERPETUAL | +0.0085% | 1h | 85,428.8 | +0.081% | $829.6M | $1.67B | 50x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,467.6 | +0.126% | $170.6M | $939.5M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,465.9 | +0.124% | $23.6M | $133.5M | 50x | as long as short |
| Popdex BTCUSDTlong | +0.0096% | 1h | 85,360 | long leg | $8.7M | $58.4M | 100x | |
| Aevo BTC-PERP | +0.0096% | 1h | 85,379.4 | +0.023% | $2.4M | $6.7M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,319 | −0.048% | $264K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,368.1 | +0.009% | $5.7M | $9.6M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 85,311.9 | −0.056% | $24.0M | $220.0M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,475.4 | +0.135% | $40.2M | $604.6M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,458.8 | +0.116% | $9.41B | $25.18B | 150x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,451.5 | +0.107% | $5.08B | $10.03B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,448.5 | +0.104% | $2.61B | $12.25B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,344 | −0.019% | $3.8M | $17.3M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,360.8 | +0.001% | $4.6M | $97.6M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,382 | +0.026% | $697.9M | $180.4M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,467.3 | +0.126% | $5.46B | $9.83B | 200x | as long as short |
| MEXC BTC_USDTshort | +0.0100% | 8h | 85,449.6 | +0.105% | $5.02B | $5.71B | 500x | |
| Bitget BTCUSDT | +0.0100% | 8h | 85,454 | +0.110% | $2.98B | $5.18B | 150x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,413 | +0.062% | $37.5M | $193.3M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,356 | −0.005% | $155.8M | $547.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,397.3 | +0.044% | $283.2M | $959.0M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,349.1 | −0.013% | $214.2M | $159.0M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,343.3 | −0.020% | $138.1M | $312.7M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,397 | +0.043% | $30.1M | $216.9M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,449.2 | +0.104% | — | $9.5M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,247 | −0.132% | $10.9M | $14.9M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,399.3 | +0.046% | $199K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,381.4 | +0.025% | $2.7M | $9.9M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,422.8 | +0.074% | $194K | $796K | 40x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,310.2 | −0.058% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,392 | +0.037% | $59.8M | $336.7M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,390 | +0.035% | $2.26B | $976.2M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,415.7 | +0.065% | $159.9M | $517.2M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,439.9 | +0.094% | $45.7M | $241.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,371.8 | +0.014% | — | $106.7M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,455.1 | +0.111% | $111.4M | $5.47B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0146% | 1h | 85,370.7 | +0.012% | $6.6M | $140.5M | 40x | as long as short |
| Derive BTC-PERP | +0.0170% | 1h | 85,488.3 | +0.150% | $28.8M | $49.6M | 15x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0174% / S −0.0149% | 1h | 85,398.5 | +0.045% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0179% | 8h | 85,407 | +0.055% | $11.0M | $740.3M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 85,371.3 | +0.013% | $8.9M | $42.9M | 25x | as long as short |
| Hyperliquid BTC | +0.0281% | 1h | 85,555 | +0.228% | $3.84B | $5.11B | 40x | as long as short |
| Aftermath Perps BTCUSD | +0.0293% | 1h | 85,383 | +0.027% | $81K | $247K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0320% | 1h | 85,450.2 | +0.106% | $687K | $7.7M | 30x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,376 | +0.019% | $470K | $18.4M | 6.7x | as long as short |
BingX BTC-USDT
Deribit BTC-PERPETUAL
Lighter BTC
Lighter RH BTC
Aevo BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-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
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
Phemex BTCUSDT
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