BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0152%/8h= +16.6% APRnext payment +$0.19 per $10,000 · paid last 24h +0.051%

Price spread now: Popdex against Hotstuff−0.012%7-day average — · you buy dearer than you sell

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

Long on Hotstuff Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff BTC-PERP	85,608	−0.0080	get 0.0010% / 1h	56m 07s	$8K	$3K	50x
Short	Popdex BTCUSDT	85,598	0.0072	get 0.0009% / 1h	56m 07s	$8.4M	$51.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 HotstuffbpFee PopdexbpOrdersPrice spread, now −0.012%Rate

Funding earned: $31.92
Price spread: −0.012% → 0.000%: −$1.17
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: $19.35
Costs to cover: 0.114%
Break-even: 2.8 days

Slippage unknown: Hotstuff: no order-book sample; Popdex: live order book, 3 min ago. 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Popdex live order book, 3 min ago	0.06 bp	3.3 bp −$3	3.3 bp −$33	3.5 bp −$348	4.8 bp −$2,406

Hotstuff: 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 55 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	−0.0144%	1h	85,498	−0.128%	$2.1M	$10.1M	40x	as long as short
Hotstuff BTC-PERPlong	−0.0080%	1h	85,608	long leg	$8K	$3K	50x
01 Exchange BTCUSD	−0.0056%	1h	85,598	−0.012%	$365K	$2.3M	50x	as long as short
Nado BTC-PERP	−0.0036%	1h	85,549.9	−0.068%	$22.5M	$223.9M	50x	as long as short
dYdX BTC-USD	0.0000%	1h	85,579.5	−0.033%	$16.7M	$20.9M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,585.9	−0.026%	$36.7M	—	200x	as long as short
Aster BTCUSDT	+0.0019%	8h	85,553.4	−0.064%	$515.7M	$1.11B	200x	as long as short
KuCoin XBTUSDTM	+0.0021%	8h	85,534.1	−0.086%	$898.9M	$748.5M	125x	as long as short
BingX BTC-USDT	+0.0054%	8h	85,536.6	−0.083%	—	$1.54B	—	as long as short
HTX BTC-USDT	+0.0058%	8h	85,554.1	−0.063%	$2.27B	$930.3M	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya BTCRUSDPERP	+0.0063%	1h	85,568.1	−0.047%	$6.7M	$146.4M	40x	as long as short
SoDEX BTC-USD	+0.0065%	1h	85,566	−0.049%	$59.9M	$336.4M	40x	as long as short
Bitget BTCUSDT	+0.0068%	8h	85,530	−0.091%	$2.94B	$5.01B	150x	as long as short
Popdex BTCUSDTshort	+0.0072%	1h	85,598	−0.012%	$8.4M	$51.5M	100x
SunX BTC-USDT	+0.0076%	8h	85,581.4	−0.031%	$2.9M	$6.3M	100x	as long as short
Injective BTC/USDC PERP	+0.0079%	1h	85,617	+0.011%	$340K	$26.9M	52x	as long as short
Aevo BTC-PERP	+0.0080%	1h	85,570.8	−0.043%	$2.5M	$1.7M	20x	as long as short
Binance BTCUSDT	+0.0084%	8h	85,550.4	−0.067%	$9.33B	$23.85B	150x	as long as short
MEXC BTC_USDT	+0.0085%	8h	85,541.7	−0.077%	$5.08B	$5.57B	500x	as long as short
Lighter BTC	+0.0096%	1h	85,558.5	−0.058%	$169.5M	$982.1M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,567.7	−0.047%	$23.9M	$146.9M	50x	as long as short
Paradex BTC-USD-PERP	+0.0099%	8h	85,641.4	+0.039%	$3.8M	$8.3M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,572	−0.042%	$203K	$7.6M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,599	−0.011%	$3.76B	$4.92B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,603.4	−0.005%	$40.1M	$571.6M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,538.3	−0.081%	$5.32B	$9.58B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,533	−0.088%	$2.56B	$12.10B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,579	−0.034%	$3.9M	$17.8M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,561.5	−0.054%	$7.1M	$96.4M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,546.3	−0.072%	$5.57B	$10.38B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,533.7	−0.087%	$34.8M	$168.9M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,577.1	−0.036%	$153.7M	$552.3M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,553.1	−0.064%	$278.3M	$939.9M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,581.5	−0.031%	$214.8M	$161.4M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	85,594.5	−0.016%	$139.9M	$316.3M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	85,539.1	−0.080%	$30.2M	$211.1M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,617	+0.011%	—	$11.8M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,585	−0.027%	$11.0M	$14.1M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,581	−0.032%	$188K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,572.4	−0.042%	$2.4M	$8.9M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,617.7	+0.011%	$197K	$722K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,572.2	−0.042%	$30.0M	$52.7M	15x	as long as short
Phemex BTCUSDT	+0.0100%	8h	85,553.3	−0.064%	$149.5M	$478.9M	150x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,593.2	−0.017%	$605.0M	$283.5M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	85,550.6	−0.067%	$44.2M	$226.9M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,483.1	−0.146%	—	$103.7M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	85,599.5	−0.010%	$130.6M	$5.06B	50x	as long as short
RISEx BTC/USDC	+0.0120%	1h	85,630.2	+0.026%	$8.4M	$42.1M	25x	as long as short
Kraken Futures PF_XBTUSD	+0.0138%	1h	85,592.4	−0.018%	$187.1M	$949.8M	100x	as long as short
Aftermath Perps BTCUSD	+0.0191%	1h	85,598.7	−0.011%	$78K	$219K	20x	as long as short
Hibachi BTC/USDT-P	+0.0192%	1h	85,577.9	−0.035%	$682K	$7.8M	30x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0203% / S −0.0184%	1h	85,596.1	−0.014%	$13.5M	—	200x	as long as short
Deribit BTC-PERPETUAL	+0.0209%	1h	85,619.4	+0.013%	$894.8M	$1.52B	50x	as long as short
Kalshi KXBTCPERP	+0.0211%	8h	85,563	−0.053%	$10.2M	$761.4M	6.4x	as long as short
Perpl BTC	+0.0447%	43m	85,592.8	−0.018%	$510K	$19.7M	6.7x	as long as short