Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%
Price spread now: Ondo Perps against Popdex−0.012%7-day average +0.005% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.007%+$1 on $10k
+Price spread, last 7 days−0.133%−$13 · spread now −0.012%, 7d avg +0.005%
=Together, before fees−0.126%+ Points / potential airdropOndo Perps: Active · farm board−$13 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex BTCUSDT | 85,621 | 0.0096 | pay 0.0012% / 1h | 55m 57s | $8.7M | $54.0M | 100x |
| Short | Ondo Perps BTC-USD.P | 85,611 | 0.0100 | get 0.0013% / 1h | 55m 57s | $3.8M | $17.8M | 25x |
Popdex BTCUSDT
Ondo Perps BTC-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps 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: −0.012% → +0.005%
- −$1.68
- Slippage, 4 orders
- no order book: not counted
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$12.24
- Costs to cover
- 0.114%
- Break-even
- 109.0 days
Slippage unknown: Popdex: live order book, 3 min ago; Ondo Perps: no order-book sample. Net counts fees only.
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, 3 min ago | 0.12 bp | 5.3 bp −$5 | 5.8 bp −$58 | 6.4 bp −$639 | 8.3 bp −$4,136 |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0179% | 1h | 85,646 | +0.029% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,643 | +0.026% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0037% | 8h | 85,609.1 | −0.014% | $923.2M | $754.0M | 125x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,624.5 | +0.004% | $417.3M | $675.4M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 85,628.4 | +0.009% | $367K | $2.3M | 50x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,635.6 | +0.017% | $16.8M | $21.3M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,664.6 | +0.051% | $36.6M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0013% | 8h | 85,613.2 | −0.009% | $515.8M | $1.10B | 200x | as long as short |
| Nado BTC-PERP | +0.0026% | 1h | 85,624 | +0.003% | $25.0M | $222.4M | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0044% | 1h | 85,690 | +0.081% | $340K | $26.9M | 52x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
01 Exchange BTCUSD
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
Nado BTC-PERP
Injective BTC/USDC PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0063% | 8h | 85,611.4 | −0.011% | — | $17.1M | — | as long as short |
| Phemex BTCUSDT | +0.0064% | 8h | 85,653.6 | +0.038% | $148.6M | $489.3M | 150x | as long as short |
| Deribit BTC-PERPETUAL | +0.0065% | 1h | 85,697.7 | +0.090% | $886.1M | $1.58B | 50x | as long as short |
| Bitget BTCUSDT | +0.0080% | 8h | 85,622.4 | +0.002% | $2.96B | $5.10B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0089% | 1h | 85,621.1 | 0.000% | $6.6M | $146.9M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,666.5 | +0.053% | $172.4M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,671.6 | +0.059% | $23.9M | $147.8M | 50x | as long as short |
| Popdex BTCUSDTlong | +0.0096% | 1h | 85,621 | long leg | $8.7M | $54.0M | 100x | |
| Aevo BTC-PERP | +0.0096% | 1h | 85,640.1 | +0.022% | $2.5M | $1.7M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,590 | −0.036% | $202K | $8.2M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,687.6 | +0.078% | $5.2M | $9.1M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,652.6 | +0.037% | $40.5M | $582.0M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,622.5 | +0.002% | $9.38B | $24.27B | 150x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,619.5 | −0.002% | $5.19B | $9.82B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,628 | +0.008% | $2.59B | $12.17B | 100x | as long as short |
| Ondo Perps BTC-USD.Pshort | +0.0100% | 1h | 85,611 | −0.012% | $3.8M | $17.8M | 25x | |
| Arcus BTC-USD | +0.0100% | 1h | 85,608 | −0.015% | $4.4M | $98.4M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,487.5 | −0.156% | $672.1M | $698.9M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,624.6 | +0.004% | $5.52B | $10.72B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,624.7 | +0.004% | $5.07B | $5.63B | 500x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,634.6 | +0.016% | $35.7M | $176.9M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,637.7 | +0.019% | $153.8M | $564.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,637 | +0.019% | $279.8M | $921.8M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,666.6 | +0.053% | $215.0M | $167.9M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,668.6 | +0.056% | $140.1M | $315.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,629.2 | +0.010% | $30.2M | $208.7M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,673.2 | +0.061% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,621 | 0.000% | $11.1M | $14.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,640 | +0.022% | $195K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,654.5 | +0.039% | $2.4M | $8.7M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,698.1 | +0.090% | $207K | $739K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,652.1 | +0.036% | $30.0M | $50.1M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,595.1 | −0.030% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,660 | +0.046% | $60.0M | $336.1M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,643.4 | +0.026% | $2.27B | $946.1M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,598.3 | −0.026% | $44.8M | $231.3M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,639.1 | +0.021% | — | $107.7M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,697.2 | +0.089% | $117.5M | $5.21B | 50x | as long as short |
| Hyperliquid BTC | +0.0106% | 1h | 85,731 | +0.128% | $3.79B | $5.01B | 40x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0135% | 1h | 85,680.2 | +0.069% | $187.7M | $956.1M | 100x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,645.9 | +0.029% | $8.9M | $42.9M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0202% / S −0.0178% | 1h | 85,657.5 | +0.043% | $13.2M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0215% | 8h | 85,655 | +0.040% | $12.0M | $757.3M | 6.4x | as long as short |
| Aftermath Perps BTCUSD | +0.0222% | 1h | 85,644.1 | +0.027% | $78K | $220K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0256% | 1h | 85,664 | +0.050% | $702K | $7.9M | 30x | as long as short |
| Perpl BTC | +0.0335% | 43m | 85,626.5 | +0.006% | $500K | $18.8M | 6.7x | as long as short |
BingX BTC-USDC
Phemex BTCUSDT
Deribit BTC-PERPETUAL
Bitget BTCUSDT
Reya BTCRUSDPERP
Lighter BTC
Lighter RH BTC
Aevo BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Pacifica BTC
Binance BTCUSDT
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
MEXC 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
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Hyperliquid BTC
Kraken Futures PF_XBTUSD
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Perpl BTC