BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: Vest against Popdex+0.067%7-day average +0.003% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Popdex Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.031%−$3 on $10k

Price spread, last 7 days−0.061%−$6 · spread now +0.067%, 7d avg +0.003%

Together, before fees−0.092%+ Points / potential airdropVest: Active · farm board−$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Vest is 0.065% dearer against Popdex than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex BTCUSDT	86,131	0.0096	pay 0.0012% / 1h	8m 22s	$8.4M	$52.0M	100x
Short	Vest BTC-PERP	86,189	0.0100	get 0.0013% / 1h	8m 22s	—	$11.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Popdex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PopdexbpFee VestbpOrdersPrice spread, now +0.067%Rate

Funding earned: $0.84
Price spread: +0.067% → +0.003%: $6.48
Slippage, 4 orders: no order book: not counted
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Vest: 1 bp × 2 orders: −$2
Net: −$1.08
Costs to cover: 0.084%
Break-even: 16.0 days

Slippage unknown: Popdex: live order book, 1 min ago; Vest: 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, 1 min ago	0.06 bp	3.3 bp −$3	3.3 bp −$33	3.6 bp −$359	5.0 bp −$2,523
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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	−0.0129%	1h	86,215	+0.098%	$2.2M	$11.2M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,144	+0.015%	$9K	$3K	50x	as long as short
01 Exchange BTCUSD	−0.0040%	1h	86,126.7	−0.005%	$363K	$2.3M	50x	as long as short
Perpl BTC	0.0000%	43m	86,127.2	−0.004%	$582K	$21.2M	6.7x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	86,166.4	+0.041%	$36.8M	—	200x	as long as short
Injective BTC/USDC PERP	+0.0023%	1h	86,365	+0.272%	$343K	$26.9M	52x	as long as short
dYdX BTC-USD	+0.0025%	1h	86,156.2	+0.029%	$16.9M	$20.5M	50x	as long as short
Aster BTCUSDT	+0.0031%	8h	86,151.1	+0.023%	$499.5M	$1.13B	200x	as long as short
Bluefin BTC-PERP	+0.0043%	1h	86,176.2	+0.052%	$144K	$666K	40x	as long as short
KuCoin XBTUSDTM	+0.0044%	8h	86,130.5	−0.001%	$828.7M	$714.9M	125x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya BTCRUSDPERP	+0.0049%	1h	86,134.8	+0.004%	$6.7M	$145.8M	40x	as long as short
BingX BTC-USDC	+0.0052%	8h	86,134.1	+0.004%	—	$15.2M	—	as long as short
RISEx BTC/USDC	+0.0052%	1h	86,132.2	+0.001%	$8.3M	$42.4M	25x	as long as short
Bitget BTCUSDT	+0.0066%	8h	86,147.2	+0.019%	$2.97B	$5.04B	150x	as long as short
SoDEX BTC-USD	+0.0074%	1h	86,145	+0.016%	$60.4M	$338.3M	40x	as long as short
Aevo BTC-PERP	+0.0080%	1h	86,141.2	+0.012%	$2.5M	$1.8M	20x	as long as short
Phemex BTCUSDT	+0.0082%	8h	86,144.3	+0.015%	$155.7M	$473.3M	150x	as long as short
Gate BTC_USDT	+0.0082%	8h	86,144	+0.015%	$5.78B	$10.64B	200x	as long as short
HTX BTC-USDT	+0.0083%	8h	86,112.7	−0.021%	$2.29B	$957.4M	200x	as long as short
MEXC BTC_USDT	+0.0084%	8h	86,141.7	+0.012%	$5.10B	$5.76B	500x	as long as short
Binance BTCUSDT	+0.0084%	8h	86,142.5	+0.013%	$9.38B	$24.23B	150x	as long as short
Lighter BTC	+0.0096%	1h	86,135.4	+0.005%	$170.1M	$994.0M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,127.6	−0.004%	$23.6M	$152.1M	50x	as long as short
Popdex BTCUSDTlong	+0.0096%	1h	86,131	long leg	$8.4M	$52.0M	100x
Katana Perps BTC-USD	+0.0100%	8h	86,105	−0.030%	$201K	$7.3M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,147.2	+0.019%	$4.2M	$8.5M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,134.9	+0.005%	$22.1M	$225.1M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,206	+0.087%	$3.78B	$4.96B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,155.5	+0.028%	$40.8M	$560.8M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	86,153	+0.026%	$5.25B	$9.63B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,162.6	+0.037%	$2.56B	$12.40B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,115	−0.019%	$3.9M	$17.9M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,131.9	+0.001%	$7.2M	$95.0M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,145.7	+0.017%	$580.3M	$59.0M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,119.9	−0.013%	$35.5M	$161.9M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,205.5	+0.087%	$156.7M	$558.7M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,200.1	+0.080%	$278.4M	$938.7M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,266	+0.157%	$216.6M	$165.4M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,239.5	+0.126%	$141.2M	$320.0M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,190	+0.069%	$30.6M	$207.5M	40x	as long as short
Vest BTC-PERPshort	+0.0100%	1h	86,189	+0.067%	—	$11.8M	50x
Polymarket Perps BTC-USD	+0.0100%	1h	86,138	+0.008%	$11.1M	$14.1M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,143.1	+0.014%	$190K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,143.3	+0.014%	$2.4M	$9.1M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,164.6	+0.039%	$30.3M	$57.0M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,116.8	−0.016%	$3.3M	$5.4M	100x	as long as short
Extended BTC-USD	+0.0104%	1h	86,126.8	−0.005%	$46.0M	$222.4M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,162.3	+0.036%	—	$98.9M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0120%	1h	86,185.3	+0.063%	$132.0M	$5.28B	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0121%	1h	86,177.9	+0.054%	$191.2M	$951.4M	100x	as long as short
Hibachi BTC/USDT-P	+0.0136%	1h	86,193.1	+0.072%	$731K	$7.9M	30x	as long as short
Aftermath Perps BTCUSD	+0.0169%	1h	86,246.9	+0.135%	$77K	$217K	20x	as long as short
BloFin BTC-USDT	+0.0204%	8h	86,134	+0.003%	$415.3M	$640.2M	150x	as long as short
Kalshi KXBTCPERP	+0.0206%	8h	86,202	+0.082%	$10.6M	$766.4M	6.4x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0207% / S −0.0222%	1h	86,164.9	+0.039%	$14.5M	—	200x	as long as short
Deribit BTC-PERPETUAL	+0.0219%	1h	86,202.4	+0.083%	$902.6M	$1.51B	50x	as long as short