Funding you earn now, next payment 21:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.002%
Price spread now: Popdex against StandX+0.400%7-day average +0.008% · 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+$22as in the Price arb table
costs, in and out, $10k−$170.174% of the position
Funding, last 3 days (all we have)+0.004%$0 on $10k
+Price spread, last 7 days−0.380%−$38 · spread now +0.400%, 7d avg +0.008%
=Together, before fees−0.375%+ Points / potential airdropStandX: Active · farm board−$38 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: Popdex is 0.391% dearer against StandX than usual: you sell high and buy low, +$39 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 | StandX BTC-USD | 86,875.9 | 0.0100 | pay 0.0013% / 1h | 32m 27s | $30.8M | $206.1M | 40x |
| Short | Popdex BTCUSDT | 87,223 | 0.0096 | get 0.0012% / 1h | 32m 27s | $8.5M | $51.1M | 100x |
StandX BTC-USD
Popdex BTCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex against StandX. 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: +0.400% → +0.008%
- $39.13
- Slippage, 4 orders
- −$3.03
- Fee StandX: 4 bp × 2 orders
- −$8
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- $20.86
- Costs to cover
- 0.174%
- Break-even
- from the start
Slippage from StandX: live order book, 2 min ago; Popdex: live order book, 2 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 StandX live order book, 2 min ago | 1.04 bp | 5.0 bp −$5 | 6.8 bp −$68 | 8.3 bp −$832 | 10.1 bp −$5,033 |
| Sell Popdex live order book, 2 min ago | 0.17 bp | 3.5 bp −$3 | 3.5 bp −$35 | 4.1 bp −$415 | 6.6 bp −$3,292 |
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX BTC-USD | −0.0137% | 1h | 87,306.5 | +0.496% | $18.3M | $19.7M | 50x | as long as short |
| Phoenix BTC | −0.0123% | 1h | 86,923 | +0.054% | $2.2M | $12.0M | 40x | as long as short |
| Perpl BTC | −0.0112% | 43m | 87,252.2 | +0.433% | $415K | $25.9M | 6.7x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 87,268 | +0.451% | $9K | $3K | 50x | as long as short |
| Aftermath Perps BTCUSD | −0.0037% | 1h | 86,966.3 | +0.104% | $87K | $180K | 20x | as long as short |
| 01 Exchange BTCUSD | −0.0024% | 1h | 87,243 | +0.423% | $295K | $2.4M | 50x | as long as short |
| ApeX Omni BTCUSDT | −0.0021% | 1h | 86,943.4 | +0.078% | $141.9M | $321.9M | 100x | as long as short |
| KuCoin XBTUSDTM | −0.0005% | 8h | 87,223.2 | +0.400% | $848.2M | $685.0M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 87,239.9 | +0.419% | $37.3M | — | 200x | as long as short |
| Deribit BTC-PERPETUAL | +0.0008% | 1h | 86,952.4 | +0.088% | $932.9M | $1.31B | 50x | as long as short |
dYdX BTC-USD
Phoenix BTC
Perpl BTC
Hotstuff BTC-PERP
Aftermath Perps BTCUSD
01 Exchange BTCUSD
ApeX Omni BTCUSDT
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USD
Deribit BTC-PERPETUALShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0010% | 8h | 87,230.6 | +0.408% | — | $15.2M | — | as long as short |
| RISEx BTC/USDC | +0.0010% | 1h | 87,245.6 | +0.426% | $8.7M | $40.8M | 25x | as long as short |
| Bitget BTCUSDT | +0.0013% | 8h | 87,216.6 | +0.392% | $2.98B | $5.03B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0016% | 1h | 87,205.7 | +0.380% | $7.0M | $141.8M | 40x | as long as short |
| Aster BTCUSDT | +0.0028% | 8h | 87,235.4 | +0.414% | $510.5M | $1.15B | 200x | as long as short |
| Phemex BTCUSDT | +0.0033% | 8h | 87,227.4 | +0.405% | $154.3M | $453.6M | 150x | as long as short |
| Injective BTC/USDC PERP | +0.0035% | 1h | 86,952 | +0.088% | $328K | $26.9M | 52x | as long as short |
| OKX BTC-USDT-SWAP | +0.0036% | 8h | 87,305.1 | +0.494% | $2.62B | $12.62B | 100x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0041% | 1h | 86,948.9 | +0.084% | $200.1M | $902.1M | 100x | as long as short |
| MEXC BTC_USDT | +0.0044% | 8h | 87,217 | +0.393% | $5.17B | $5.50B | 500x | as long as short |
| Binance BTCUSDT | +0.0044% | 8h | 87,229 | +0.407% | $9.62B | $23.94B | 150x | as long as short |
| Aevo BTC-PERP | +0.0048% | 1h | 86,901.6 | +0.030% | $2.4M | $1.3M | 20x | as long as short |
| SoDEX BTC-USD | +0.0051% | 1h | 86,892 | +0.019% | $61.3M | $311.8M | 40x | as long as short |
| Gate BTC_USDT | +0.0061% | 8h | 87,248.5 | +0.429% | $5.95B | $10.41B | 200x | as long as short |
| Bybit BTCUSDT | +0.0078% | 8h | 87,275.6 | +0.460% | $5.34B | $9.54B | 150x | as long as short |
| Bulk BTC-USD | +0.0090% | 1h | 87,280.5 | +0.466% | $575.7M | $25.9M | 40x | as long as short |
| Orderly PERP_BTC_USDC | +0.0091% | 8h | 86,919.8 | +0.051% | $2.4M | $8.0M | 100x | as long as short |
| Variational Omni BTC | +0.0092% | 8h | 86,903.5 | +0.032% | $165.1M | $544.5M | — | as long as short |
| Lighter BTC | +0.0096% | 1h | 87,288.5 | +0.475% | $174.2M | $997.6M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 87,336.6 | +0.530% | $24.7M | $148.3M | 50x | as long as short |
| Popdex BTCUSDTshort | +0.0096% | 1h | 87,223 | +0.400% | $8.5M | $51.1M | 100x | |
| GRVT BTC_USDT_Perp | +0.0099% | 8h | 86,929.1 | +0.061% | $218.2M | $185.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0099% | 8h | 87,291.9 | +0.479% | $4.3M | $7.7M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 87,226 | +0.403% | $181K | $6.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 87,261.4 | +0.444% | $23.4M | $234.6M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 87,312.3 | +0.502% | $37.0M | $459.3M | 50x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 87,243 | +0.423% | $3.9M | $18.7M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 87,289.4 | +0.476% | $7.5M | $93.9M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 87,234 | +0.412% | $38.8M | $143.1M | 75x | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,936.3 | +0.070% | $285.6M | $916.8M | 100x | as long as short |
| StandX BTC-USDlong | +0.0100% | 1h | 86,875.9 | long leg | $30.8M | $206.1M | 40x | |
| Vest BTC-PERP | +0.0100% | 1h | 87,246.3 | +0.426% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 87,230 | +0.408% | $11.1M | $13.6M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 87,224.7 | +0.402% | $240K | $3.4M | 20x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,908.1 | +0.037% | $151K | $527K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,920.9 | +0.052% | $30.2M | $60.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,871.8 | −0.005% | $3.4M | $5.7M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 87,300.5 | +0.489% | $2.32B | $927.5M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 87,191 | +0.363% | $46.6M | $226.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 87,135.9 | +0.299% | — | $89.0M | 500x | as long as short |
| Hibachi BTC/USDT-P | +0.0112% | 1h | 86,949.1 | +0.084% | $602K | $6.8M | 30x | as long as short |
| Kalshi KXBTCPERP | +0.0115% | 8h | 86,974 | +0.113% | $9.4M | $712.8M | 6.4x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0136% | 1h | 86,958.7 | +0.095% | $132.1M | $5.95B | 50x | as long as short |
| BloFin BTC-USDT | +0.0165% | 8h | 86,924.3 | +0.056% | $422.5M | $630.4M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0177% / S −0.0193% | 1h | 87,235.4 | +0.414% | $13.9M | — | 200x | as long as short |
| Hyperliquid BTC | +0.0264% | 1h | 87,311 | +0.501% | $4.03B | $4.91B | 40x | as long as short |
BingX BTC-USDC
RISEx BTC/USDC
Bitget BTCUSDT
Reya BTCRUSDPERP
Aster BTCUSDT
Phemex BTCUSDT
Injective BTC/USDC PERP
OKX BTC-USDT-SWAP
Kraken Futures PF_XBTUSD
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
SoDEX BTC-USD
Gate BTC_USDT
Bybit BTCUSDT
Bulk BTC-USD
Orderly PERP_BTC_USDC
Variational Omni BTC
Lighter BTC
Lighter RH BTC
GRVT BTC_USDT_Perp
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Nado BTC-PERP
Pacifica BTC
Ondo Perps BTC-USD.P
Arcus BTC-USD
Backpack BTC_USDC_PERP
edgeX BTCUSDC
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Hibachi BTC/USDT-P
Kalshi KXBTCPERP
Coinbase International BTC-PERP-INTX
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Hyperliquid BTC