Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%
Price spread now: StandX against Popdex−0.044%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$170.170% of the position
Funding, last 3 days (all we have)−0.004%$0 on $10k
+Price spread, last 7 days+0.043%+$4 · spread now −0.044%, 7d avg −0.008%
=Together, before fees+0.039%+ Points / potential airdropStandX: Active · farm board+$4 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: StandX is 0.036% cheaper against Popdex than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.008%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex BTCUSDT | 85,662 | 0.0096 | pay 0.0012% / 1h | 18m 34s | $8.4M | $51.9M | 100x |
| Short | StandX BTC-USD | 85,624.3 | 0.0100 | get 0.0013% / 1h | 18m 34s | $30.3M | $208.8M | 40x |
Popdex BTCUSDT
StandX BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
StandX 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: −0.044% → −0.008%
- −$3.6
- Slippage, 4 orders
- −$2.58
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee StandX: 4 bp × 2 orders
- −$8
- Net
- −$19.74
- Costs to cover
- 0.170%
- Break-even
- 171.5 days
Slippage from Popdex: live order book, 1 min ago; StandX: live order book, 1 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, 1 min ago | 0.06 bp | 3.6 bp −$4 | 3.6 bp −$36 | 3.9 bp −$388 | 5.4 bp −$2,707 |
| Sell StandX live order book, 1 min ago | 0.47 bp | 4.9 bp −$5 | 6.3 bp −$63 | 7.6 bp −$762 | 10.3 bp −$5,149 |
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 | 85,785 | +0.144% | $2.2M | $10.5M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,666 | +0.005% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0072% | 1h | 85,659.3 | −0.003% | $362K | $2.3M | 50x | as long as short |
| dYdX BTC-USD | +0.0002% | 1h | 85,692.4 | +0.035% | $16.8M | $21.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,652.9 | −0.011% | $36.7M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0020% | 1h | 85,691 | +0.034% | $340K | $26.9M | 52x | as long as short |
| KuCoin XBTUSDTM | +0.0031% | 8h | 85,686.6 | +0.029% | $901.8M | $753.7M | 125x | as long as short |
| Aster BTCUSDT | +0.0034% | 8h | 85,675.7 | +0.016% | $516.1M | $1.14B | 200x | as long as short |
| RISEx BTC/USDC | +0.0044% | 1h | 85,673.8 | +0.014% | $8.2M | $42.1M | 25x | as long as short |
| Nado BTC-PERP | +0.0046% | 1h | 85,697.9 | +0.042% | $22.6M | $227.4M | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERP
KuCoin XBTUSDTM
Aster BTCUSDT
RISEx BTC/USDC
Nado BTC-PERPShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0056% | 8h | 85,662.9 | +0.001% | — | $17.1M | — | as long as short |
| Reya BTCRUSDPERP | +0.0059% | 1h | 85,671.4 | +0.011% | $6.7M | $146.3M | 40x | as long as short |
| HTX BTC-USDT | +0.0070% | 8h | 85,643 | −0.022% | $2.27B | $947.8M | 200x | as long as short |
| Bitget BTCUSDT | +0.0070% | 8h | 85,667.3 | +0.006% | $2.95B | $5.08B | 150x | as long as short |
| ApeX Omni BTCUSDT | +0.0086% | 1h | 85,712.3 | +0.059% | $140.1M | $318.2M | 100x | as long as short |
| MEXC BTC_USDT | +0.0092% | 8h | 85,694.9 | +0.038% | $5.08B | $5.74B | 500x | as long as short |
| Binance BTCUSDT | +0.0092% | 8h | 85,670.2 | +0.010% | $9.33B | $24.29B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,708.4 | +0.054% | $170.5M | $992.3M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,710.7 | +0.057% | $23.6M | $147.7M | 50x | as long as short |
| Popdex BTCUSDTlong | +0.0096% | 1h | 85,662 | long leg | $8.4M | $51.9M | 100x | |
| Aevo BTC-PERP | +0.0096% | 1h | 85,643.2 | −0.022% | $2.5M | $1.8M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,637 | −0.029% | $203K | $7.5M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,678.6 | +0.019% | $3.8M | $8.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,757 | +0.111% | $3.76B | $4.98B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,731 | +0.081% | $40.8M | $571.9M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,684.5 | +0.026% | $5.30B | $9.74B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,679.5 | +0.020% | $2.54B | $12.34B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,687 | +0.029% | $3.9M | $18.3M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,630.8 | −0.036% | $7.2M | $97.6M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,744.8 | +0.097% | $590.5M | $195.3M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,699 | +0.043% | $5.60B | $10.56B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,670.1 | +0.009% | $35.3M | $164.9M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,688 | +0.030% | $156.6M | $555.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,709.8 | +0.056% | $278.8M | $940.8M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,761.2 | +0.116% | $215.2M | $166.3M | 50x | as long as short |
| StandX BTC-USDshort | +0.0100% | 1h | 85,624.3 | −0.044% | $30.3M | $208.8M | 40x | |
| Vest BTC-PERP | +0.0100% | 1h | 85,728.5 | +0.078% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,669 | +0.008% | $11.0M | $14.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,634.9 | −0.032% | $188K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,644.7 | −0.020% | $2.4M | $9.0M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,683 | +0.025% | $186K | $708K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,650 | −0.014% | $30.0M | $56.0M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,605.9 | −0.065% | $2.9M | $6.6M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,653 | −0.011% | $60.0M | $337.1M | 40x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,655.6 | −0.007% | $153.6M | $480.3M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,657.7 | −0.005% | $44.1M | $227.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,649.2 | −0.015% | — | $101.7M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,685.1 | +0.027% | $131.3M | $5.15B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0136% | 1h | 85,755.4 | +0.109% | $696K | $7.8M | 30x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0146% | 1h | 85,678 | +0.019% | $187.8M | $963.6M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0169% | 1h | 85,716.5 | +0.064% | $78K | $219K | 20x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0203% / S −0.0189% | 1h | 85,643.3 | −0.022% | $13.5M | — | 200x | as long as short |
| Deribit BTC-PERPETUAL | +0.0209% | 1h | 85,698.9 | +0.043% | $894.6M | $1.54B | 50x | as long as short |
| Kalshi KXBTCPERP | +0.0211% | 8h | 85,663 | +0.001% | $10.2M | $770.2M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,671.5 | +0.011% | $514K | $20.5M | 6.7x | as long as short |
BingX BTC-USDC
Reya BTCRUSDPERP
HTX BTC-USDT
Bitget BTCUSDT
ApeX Omni BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Aevo BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
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
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Hibachi BTC/USDT-P
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
GMX BTC/USD [WBTC.b-USDC]
Deribit BTC-PERPETUAL
Kalshi KXBTCPERP
Perpl BTC