Funding you earn now, next payment 07:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h −0.002%
Price spread now: Popdex against Extended+0.057%7-day average +0.041% · 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−$12as in the Price arb table
costs, in and out, $10k−$140.137% of the position
Funding, last 4 days (all we have)−0.002%$0 on $10k
+Price spread, last 7 days−0.032%−$3 · spread now +0.057%, 7d avg +0.041%
=Together, before fees−0.034%+ Points / potential airdropExtended: Active · farm board−$3 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended BTC-USD | 85,295.5 | 0.0104 | pay 0.0013% / 1h | 0m 50s | $45.2M | $240.0M | 50x |
| Short | Popdex BTCUSDT | 85,344 | 0.0096 | get 0.0012% / 1h | 0m 50s | $8.4M | $57.2M | 100x |
Extended BTC-USD
Popdex BTCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex against Extended. 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
- −$1.68
- Price spread: +0.057% → +0.041%
- $1.62
- Slippage, 4 orders
- −$2.32
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$13.78
- Costs to cover
- 0.137%
- Break-even
- never at this rate
Slippage from Extended: live order book, 3 min ago; Popdex: live order book, 3 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 Extended live order book, 3 min ago | 0.06 bp | 2.6 bp −$3 | 2.6 bp −$26 | 2.6 bp −$261 | 8.0 bp −$3,976 |
| Sell Popdex live order book, 3 min ago | 0.06 bp | 5.3 bp −$5 | 5.5 bp −$55 | 5.7 bp −$569 | 7.2 bp −$3,577 |
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 | −0.0082% | 1h | 85,415 | +0.140% | $2.3M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,360 | +0.076% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0031% | 8h | 85,323.4 | +0.033% | $928.2M | $773.2M | 125x | as long as short |
| BloFin BTC-USDT | −0.0023% | 8h | 85,336.6 | +0.048% | $420.9M | $680.7M | 150x | as long as short |
| Aster BTCUSDT | −0.0004% | 8h | 85,315.1 | +0.023% | $512.0M | $1.09B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,354.1 | +0.069% | $352K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,363.9 | +0.080% | $492K | $18.3M | 6.7x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 85,362.3 | +0.078% | $848.4M | $1.65B | 50x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 85,384.6 | +0.105% | $16.7M | $21.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,349.5 | +0.063% | $36.5M | — | 200x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
01 Exchange BTCUSD
Perpl BTC
Deribit BTC-PERPETUAL
dYdX BTC-USD
gTrade (Gains Network) BTC/USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado BTC-PERP | +0.0048% | 1h | 85,350.1 | +0.064% | $24.1M | $219.7M | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0057% | 1h | 85,374 | +0.092% | $338K | $26.8M | 52x | as long as short |
| BingX BTC-USDT | +0.0073% | 8h | 85,322.5 | +0.032% | — | $1.57B | — | as long as short |
| Kraken Futures PF_XBTUSD | +0.0089% | 1h | 85,346.2 | +0.059% | $185.8M | $951.9M | 100x | as long as short |
| Bybit BTCUSDT | +0.0091% | 8h | 85,314.7 | +0.023% | $5.13B | $9.97B | 150x | as long as short |
| Bitget BTCUSDT | +0.0091% | 8h | 85,320.4 | +0.029% | $2.96B | $5.15B | 150x | as long as short |
| SoDEX BTC-USD | +0.0091% | 1h | 85,335 | +0.046% | $59.7M | $336.6M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,344 | +0.057% | $169.7M | $1.03B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,348.1 | +0.062% | $23.6M | $149.1M | 50x | as long as short |
| Popdex BTCUSDTshort | +0.0096% | 1h | 85,344 | +0.057% | $8.4M | $57.2M | 100x | |
| Aevo BTC-PERP | +0.0096% | 1h | 85,328 | +0.038% | $2.4M | $6.7M | 20x | as long as short |
| Binance BTCUSDT | +0.0097% | 8h | 85,324.7 | +0.034% | $9.41B | $24.88B | 150x | as long as short |
| MEXC BTC_USDT | +0.0097% | 8h | 85,326.9 | +0.037% | $5.03B | $5.79B | 500x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,324 | +0.033% | $245K | $8.6M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,382.7 | +0.102% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,400 | +0.123% | $3.74B | $5.06B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,379.5 | +0.099% | $40.4M | $603.0M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,325.1 | +0.035% | $2.60B | $12.18B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,346 | +0.059% | $3.8M | $17.1M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,346.3 | +0.060% | $5.1M | $96.0M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,333.4 | +0.044% | $5.54B | $11.10B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,314.4 | +0.022% | $37.2M | $183.1M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,299.4 | +0.005% | $156.2M | $556.9M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,382.6 | +0.102% | $279.7M | $953.9M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,372.3 | +0.090% | $214.3M | $161.6M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,433.9 | +0.162% | $139.7M | $313.2M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,339 | +0.051% | $30.1M | $207.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,396.1 | +0.118% | — | $9.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,344 | +0.057% | $11.0M | $14.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,332.7 | +0.044% | $198K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,334.9 | +0.046% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,370.8 | +0.088% | $194K | $795K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,383.8 | +0.104% | $30.0M | $46.1M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,352.6 | +0.067% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,335.1 | +0.046% | $2.26B | $963.1M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,346.6 | +0.060% | $157.5M | $512.2M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,413.1 | +0.138% | $689.0M | $342.5M | 40x | as long as short |
| Extended BTC-USDlong | +0.0104% | 1h | 85,295.5 | long leg | $45.2M | $240.0M | 50x | |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,357.8 | +0.073% | — | $104.3M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,365 | +0.082% | $113.1M | $5.47B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0135% | 1h | 85,334.2 | +0.045% | $6.6M | $147.4M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0174% | 8h | 85,366 | +0.083% | $11.9M | $738.9M | 6.4x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0175% / S −0.0147% | 1h | 85,346.4 | +0.060% | $13.0M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0193% | 1h | 85,366.9 | +0.084% | $8.8M | $42.7M | 25x | as long as short |
| Hibachi BTC/USDT-P | +0.0208% | 1h | 85,384.7 | +0.105% | $684K | $7.8M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0276% | 1h | 85,417.2 | +0.143% | $79K | $246K | 20x | as long as short |
Nado BTC-PERP
Injective BTC/USDC PERP
BingX BTC-USDT
Kraken Futures PF_XBTUSD
Bybit BTCUSDT
Bitget BTCUSDT
SoDEX BTC-USD
Lighter BTC
Lighter RH BTC
Aevo BTC-PERP
Binance BTCUSDT
MEXC BTC_USDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
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
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Phemex BTCUSDT
Bulk BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]
RISEx BTC/USDC
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD