BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: Vest against Popdex+0.069%55s7-day average +0.004% · 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)−0.030%−$3 on $10k

Price spread, last 7 days−0.065%−$6 · spread now +0.069%, 7d avg +0.004%

Together, before fees−0.095%+ Points / potential airdropVest: Active · farm board−$10 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 0.064% dearer against Popdex than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.004%. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex BTCUSDT	85,314	0.0096	pay 0.0012% / 1h	53m 42s	$8.3M	$56.0M	100x
Short	Vest BTC-PERP	85,372.5	0.0100	get 0.0013% / 1h	53m 42s	—	$10.9M	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 +0.069%Rate

Funding earned: $0.84
Price spread: +0.069% → +0.004%: $6.43
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: −$1.13
Costs to cover: 0.084%
Break-even: 16.4 days

Slippage unknown: Popdex: live order book, just now; 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, just now	0.06 bp	3.3 bp −$3	3.3 bp −$33	3.5 bp −$355	5.0 bp −$2,498
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	−0.0111%	1h	85,444	+0.152%	$2.1M	$10.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,343	+0.034%	$8K	$3K	50x	as long as short
KuCoin XBTUSDTM	−0.0048%	8h	85,316	+0.002%	$926.1M	$772.1M	125x	as long as short
BloFin BTC-USDT	−0.0023%	8h	85,328.6	+0.017%	$420.1M	$683.5M	150x	as long as short
Aster BTCUSDT	−0.0009%	8h	85,316.9	+0.003%	$513.0M	$1.09B	200x	as long as short
dYdX BTC-USD	0.0000%	1h	85,344.1	+0.035%	$16.7M	$21.5M	50x	as long as short
Perpl BTC	0.0000%	43m	85,342.6	+0.034%	$528K	$18.3M	6.7x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,338.3	+0.028%	$36.5M	—	200x	as long as short
01 Exchange BTCUSD	+0.0008%	1h	85,331.3	+0.020%	$354K	$2.4M	50x	as long as short
Nado BTC-PERP	+0.0040%	1h	85,302.9	−0.013%	$24.5M	$222.5M	50x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BTC/USDC PERP	+0.0057%	1h	85,405	+0.107%	$339K	$26.8M	52x	as long as short
BingX BTC-USDT	+0.0070%	8h	85,337.1	+0.027%	—	$1.56B	—	as long as short
Bitget BTCUSDT	+0.0087%	8h	85,332.2	+0.021%	$2.95B	$5.18B	150x	as long as short
Kraken Futures PF_XBTUSD	+0.0089%	1h	85,345	+0.036%	$187.3M	$956.1M	100x	as long as short
Phemex BTCUSDT	+0.0091%	8h	85,330.1	+0.019%	$149.5M	$508.3M	150x	as long as short
Lighter BTC	+0.0096%	1h	85,340.2	+0.031%	$170.5M	$1.01B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,338.2	+0.028%	$23.6M	$147.2M	50x	as long as short
Popdex BTCUSDTlong	+0.0096%	1h	85,314	long leg	$8.3M	$56.0M	100x
MEXC BTC_USDT	+0.0096%	8h	85,332.1	+0.021%	$5.00B	$5.73B	500x	as long as short
Aevo BTC-PERP	+0.0096%	1h	85,322.4	+0.010%	$2.4M	$6.7M	20x	as long as short
Binance BTCUSDT	+0.0096%	8h	85,329.2	+0.018%	$9.42B	$24.99B	150x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,309	−0.006%	$239K	$8.6M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,384	+0.082%	$5.8M	$9.6M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,411	+0.114%	$3.75B	$5.09B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,357.1	+0.051%	$40.1M	$602.1M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,321.1	+0.008%	$5.14B	$9.99B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,341.6	+0.032%	$2.59B	$12.25B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,310	−0.005%	$3.8M	$17.3M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,339.3	+0.030%	$4.6M	$98.8M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,333.3	+0.023%	$5.50B	$10.95B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,321.4	+0.009%	$36.8M	$179.2M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,340.9	+0.032%	$155.1M	$558.9M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,336.9	+0.027%	$279.6M	$951.1M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,385.1	+0.083%	$214.3M	$167.5M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	85,382.8	+0.081%	$139.6M	$314.4M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	85,377.3	+0.074%	$30.1M	$206.6M	40x	as long as short
Vest BTC-PERPshort	+0.0100%	1h	85,372.5	+0.069%	—	$10.9M	50x
Polymarket Perps BTC-USD	+0.0100%	1h	85,306	−0.009%	$11.0M	$14.6M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,326.8	+0.015%	$204K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,333.1	+0.022%	$2.6M	$9.9M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,364.4	+0.059%	$194K	$795K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,303	−0.013%	$29.9M	$48.0M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,288.8	−0.030%	$2.9M	$6.1M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,327	+0.015%	$59.7M	$336.8M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,319.4	+0.006%	$2.26B	$968.9M	200x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,476.9	+0.191%	$684.3M	$499.2M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	85,308.7	−0.006%	$44.5M	$240.7M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	85,340.4	+0.031%	—	$106.9M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	85,369.1	+0.065%	$116.6M	$5.46B	50x	as long as short
Deribit BTC-PERPETUAL	+0.0118%	1h	85,368.5	+0.064%	$866.3M	$1.63B	50x	as long as short
Reya BTCRUSDPERP	+0.0122%	1h	85,297	−0.020%	$6.6M	$147.6M	40x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0175% / S −0.0152%	1h	85,330.1	+0.019%	$13.0M	—	200x	as long as short
RISEx BTC/USDC	+0.0193%	1h	85,354	+0.047%	$8.7M	$43.2M	25x	as long as short
Kalshi KXBTCPERP	+0.0201%	8h	85,345	+0.036%	$11.7M	$743.1M	6.4x	as long as short
Hibachi BTC/USDT-P	+0.0240%	1h	85,366.6	+0.062%	$690K	$8.0M	30x	as long as short
Aftermath Perps BTCUSD	+0.0254%	1h	85,411	+0.114%	$79K	$229K	20x	as long as short