Funding you earn now, next payment 03:00 UTC−0.0085%/8h= −9.3% APRnext payment −$0.11 per $10,000 · paid last 24h +0.002%
Price spread now: Nado against Popdex−0.002%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−$15as in the Price arb table
costs, in and out, $10k−$150.151% of the position
Funding, last 3 days (all we have)+0.005%+$1 on $10k
+Price spread, last 7 days+0.011%+$1 · spread now −0.002%, 7d avg +0.002%
=Together, before fees+0.016%+ Points / potential airdropNado: Active · farm board+$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex BTCUSDT | 85,647 | 0.0096 | pay 0.0012% / 1h | 34m 04s | $8.4M | $52.0M | 100x |
| Short | Nado BTC-PERP | 85,645.1 | 0.0011 | get 0.0001% / 1h | 34m 04s | $22.9M | $221.3M | 50x |
Popdex BTCUSDT
Nado BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- −$17.79
- Price spread: −0.002% → +0.002%
- −$0.43
- Slippage, 4 orders
- −$1.65
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$33.27
- Costs to cover
- 0.151%
- Break-even
- never at this rate
Slippage from Popdex: live order book, 5 min ago; Nado: live order book, 5 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, 5 min ago | 0.23 bp | 3.4 bp −$3 | 3.4 bp −$34 | 3.9 bp −$385 | 5.3 bp −$2,654 |
| Sell Nado live order book, 5 min ago | 0.06 bp | 3.6 bp −$4 | 3.6 bp −$36 | 4.2 bp −$425 | 10.1 bp −$5,033 |
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 | −0.0160% | 1h | 85,602 | −0.053% | $2.2M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,650 | +0.004% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0048% | 1h | 85,642.4 | −0.005% | $370K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0034% | 8h | 85,650 | +0.004% | $416.1M | $663.9M | 150x | as long as short |
| Bluefin BTC-PERP | −0.0024% | 1h | 85,691.5 | +0.052% | $196K | $722K | 40x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,640.3 | −0.008% | $16.8M | $21.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,660 | +0.015% | $36.7M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0011% | 8h | 85,651.6 | +0.005% | $917.5M | $753.0M | 125x | as long as short |
| Nado BTC-PERPshort | +0.0011% | 1h | 85,645.1 | −0.002% | $22.9M | $221.3M | 50x | |
| Aster BTCUSDT | +0.0018% | 8h | 85,666.1 | +0.022% | $516.2M | $1.11B | 200x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
Bluefin BTC-PERP
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
Aster BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0054% | 8h | 85,667.8 | +0.024% | — | $17.1M | — | as long as short |
| HTX BTC-USDT | +0.0067% | 8h | 85,651.2 | +0.005% | $2.27B | $935.2M | 200x | as long as short |
| Reya BTCRUSDPERP | +0.0068% | 1h | 85,644.8 | −0.003% | $6.7M | $146.4M | 40x | as long as short |
| Bitget BTCUSDT | +0.0068% | 8h | 85,677 | +0.035% | $2.95B | $5.02B | 150x | as long as short |
| Injective BTC/USDC PERP | +0.0079% | 1h | 85,578 | −0.081% | $340K | $26.9M | 52x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,656.8 | +0.011% | $2.5M | $1.7M | 20x | as long as short |
| Phemex BTCUSDT | +0.0080% | 8h | 85,658.7 | +0.014% | $147.9M | $479.1M | 150x | as long as short |
| SunX BTC-USDT | +0.0081% | 8h | 85,607.1 | −0.047% | $2.9M | $6.1M | 100x | as long as short |
| MEXC BTC_USDT | +0.0085% | 8h | 85,670.7 | +0.028% | $5.05B | $5.61B | 500x | as long as short |
| Binance BTCUSDT | +0.0086% | 8h | 85,677.2 | +0.035% | $9.35B | $23.91B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,664.2 | +0.020% | $169.9M | $989.0M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,675.9 | +0.034% | $23.9M | $148.2M | 50x | as long as short |
| Popdex BTCUSDTlong | +0.0096% | 1h | 85,647 | long leg | $8.4M | $52.0M | 100x | |
| Paradex BTC-USD-PERP | +0.0099% | 8h | 85,671.1 | +0.028% | $3.8M | $8.3M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,609 | −0.044% | $197K | $7.8M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,735 | +0.103% | $3.78B | $4.94B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,656.4 | +0.011% | $40.5M | $573.5M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,686.8 | +0.046% | $5.34B | $9.58B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,682.9 | +0.042% | $2.57B | $12.12B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,643 | −0.005% | $3.9M | $18.0M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,599.7 | −0.055% | $7.2M | $96.8M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,684.1 | +0.043% | $5.55B | $10.49B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,657.8 | +0.013% | $35.4M | $172.4M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,622.5 | −0.029% | $155.0M | $548.4M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,510.3 | −0.160% | $279.0M | $929.2M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,588.5 | −0.068% | $214.9M | $165.6M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,576.1 | −0.083% | $140.0M | $316.2M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,629.3 | −0.021% | $30.3M | $210.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,696.4 | +0.058% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,645 | −0.002% | $11.0M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,657.6 | +0.012% | $189K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,658.3 | +0.013% | $2.3M | $8.8M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,646 | −0.001% | $30.0M | $52.6M | 15x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,660 | +0.015% | $60.0M | $336.2M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,614.4 | −0.038% | $621.3M | $398.6M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,631.4 | −0.018% | $44.1M | $227.3M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,662.9 | +0.019% | — | $105.9M | 500x | as long as short |
| Deribit BTC-PERPETUAL | +0.0107% | 1h | 85,699.8 | +0.062% | $893.0M | $1.52B | 50x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,709.1 | +0.073% | $130.6M | $5.10B | 50x | as long as short |
| RISEx BTC/USDC | +0.0120% | 1h | 85,666.3 | +0.023% | $8.4M | $42.3M | 25x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0138% | 1h | 85,694 | +0.055% | $188.9M | $949.3M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0192% | 1h | 85,613.1 | −0.040% | $78K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0200% | 1h | 85,683.2 | +0.042% | $701K | $7.9M | 30x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0203% / S −0.0180% | 1h | 85,660.7 | +0.016% | $13.6M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0214% | 8h | 85,673 | +0.030% | $10.5M | $760.4M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,669.4 | +0.026% | $520K | $19.4M | 6.7x | as long as short |
BingX BTC-USDC
HTX BTC-USDT
Reya BTCRUSDPERP
Bitget BTCUSDT
Injective BTC/USDC PERP
Aevo BTC-PERP
Phemex BTCUSDT
SunX BTC-USDT
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus 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
Derive BTC-PERP
SoDEX BTC-USD
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Deribit BTC-PERPETUAL
Coinbase International BTC-PERP-INTX
RISEx BTC/USDC
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Perpl BTC