Funding you earn now, next payment 05:00 UTC−0.0112%/8h= −12.3% APRnext payment −$0.14 per $10,000 · paid last 24h −0.033%
Price spread now: 01 Exchange against Popdex+0.015%7-day average −0.007% · 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−$17as in the Price arb table
costs, in and out, $10k−$190.191% of the position
Funding, last 4 days (all we have)−0.097%−$10 on $10k
+Price spread, last 7 days−0.004%$0 · spread now +0.015%, 7d avg −0.007%
=The price spread pays, funding is against you. 01 Exchange is 0.022% dearer against Popdex than usual: you sell high and buy low (spread +0.015% now, against its 7-day average of −0.007%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 16 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex BTCUSDT | 85,640 | 0.0096 | pay 0.0012% / 1h | 55m 03s | $8.7M | $54.0M | 100x |
| Short | 01 Exchange BTCUSD | 85,652.9 | −0.0016 | pay 0.0002% / 1h | 55m 03s | $366K | $2.3M | 50x |
Popdex BTCUSDT
01 Exchange BTCUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
01 Exchange 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
- −$23.52
- Price spread: +0.015% → −0.007%
- $2.22
- Slippage, 4 orders
- −$5.72
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$40.42
- Costs to cover
- 0.191%
- Break-even
- never at this rate
Slippage from Popdex: live order book, 4 min ago; 01 Exchange: 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 | 0.12 bp | 5.3 bp −$5 | 5.8 bp −$58 | 6.4 bp −$639 | 8.3 bp −$4,136 |
| Sell 01 Exchange live order book, 4 min ago | 0.01 bp | 6.2 bp −$6 | 10.4 bp −$104 | doesn't fit | doesn't fit |
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 | +0.007% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,653 | +0.015% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0037% | 8h | 85,656.1 | +0.019% | $923.7M | $754.1M | 125x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,677.2 | +0.043% | $417.5M | $676.0M | 150x | as long as short |
| 01 Exchange BTCUSDshort | −0.0016% | 1h | 85,652.9 | +0.015% | $366K | $2.3M | 50x | |
| dYdX BTC-USD | 0.0000% | 1h | 85,635.6 | −0.005% | $16.8M | $21.2M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,688.6 | +0.057% | $36.6M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0013% | 8h | 85,662 | +0.026% | $516.1M | $1.10B | 200x | as long as short |
| Nado BTC-PERP | +0.0016% | 1h | 85,631 | −0.011% | $24.9M | $222.6M | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0044% | 1h | 85,690 | +0.058% | $340K | $26.9M | 52x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
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 | 85,677 | +0.043% | — | $17.1M | — | as long as short |
| Phemex BTCUSDT | +0.0067% | 8h | 85,674.7 | +0.041% | $148.7M | $489.4M | 150x | as long as short |
| Bitget BTCUSDT | +0.0080% | 8h | 85,672.2 | +0.038% | $2.96B | $5.11B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0090% | 1h | 85,661.7 | +0.025% | $6.6M | $146.9M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,683.4 | +0.051% | $172.3M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,688.4 | +0.057% | $23.9M | $147.8M | 50x | as long as short |
| Popdex BTCUSDTlong | +0.0096% | 1h | 85,640 | long leg | $8.7M | $54.0M | 100x | |
| Aevo BTC-PERP | +0.0096% | 1h | 85,662.8 | +0.027% | $2.5M | $1.7M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,611 | −0.034% | $202K | $8.2M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,696.1 | +0.066% | $5.3M | $9.2M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,678.2 | +0.045% | $40.5M | $582.0M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,687 | +0.055% | $9.42B | $24.28B | 150x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,669.1 | +0.034% | $5.19B | $9.82B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,679.5 | +0.046% | $2.59B | $12.18B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,633 | −0.008% | $3.8M | $17.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,635.8 | −0.005% | $4.4M | $98.4M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,487.5 | −0.178% | $672.1M | $698.9M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,700 | +0.070% | $5.52B | $10.72B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,693.2 | +0.062% | $5.07B | $5.63B | 500x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,676.5 | +0.043% | $35.7M | $176.9M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,637.7 | −0.003% | $153.8M | $564.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,615.1 | −0.029% | $279.7M | $922.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,633.8 | −0.007% | $214.9M | $167.9M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,629.8 | −0.012% | $140.0M | $315.5M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,614 | −0.030% | $30.2M | $208.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,698.4 | +0.068% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,660 | +0.023% | $11.1M | $14.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,675 | +0.041% | $195K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,672.3 | +0.038% | $2.4M | $8.7M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,717.5 | +0.090% | $207K | $739K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,668.1 | +0.033% | $30.0M | $50.1M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,623.2 | −0.020% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,682 | +0.049% | $60.0M | $336.1M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,670.2 | +0.035% | $2.27B | $946.3M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,643.1 | +0.004% | $44.8M | $231.3M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,671.8 | +0.037% | — | $107.7M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,717.9 | +0.091% | $117.4M | $5.22B | 50x | as long as short |
| Hyperliquid BTC | +0.0110% | 1h | 85,777 | +0.160% | $3.79B | $5.01B | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0111% | 1h | 85,716.4 | +0.089% | $885.7M | $1.58B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0135% | 1h | 85,706.7 | +0.078% | $187.8M | $956.2M | 100x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,668.3 | +0.033% | $8.9M | $42.9M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0202% / S −0.0178% | 1h | 85,682.1 | +0.049% | $13.2M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0209% | 8h | 85,670 | +0.035% | $12.0M | $757.1M | 6.4x | as long as short |
| Aftermath Perps BTCUSD | +0.0224% | 1h | 85,644.5 | +0.005% | $78K | $220K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0256% | 1h | 85,652.3 | +0.014% | $703K | $7.9M | 30x | as long as short |
| Perpl BTC | +0.0335% | 43m | 85,626.2 | −0.016% | $498K | $18.8M | 6.7x | as long as short |
BingX BTC-USDC
Phemex BTCUSDT
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
Ondo Perps BTC-USD.P
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
Deribit BTC-PERPETUAL
Kraken Futures PF_XBTUSD
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Perpl BTC