Funding you earn now, next payment 02:00 UTC+0.0058%/8h= +6.4% APRpaid last 24h +0.012%
Price spread now: Popdex against Aster+0.007%7-day average +0.003% · 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−$16as in the Price arb table
costs, in and out, $10k−$160.159% of the position
Funding, last 3 days (all we have)+0.019%+$2 on $10k
+Price spread, last 7 days−0.005%$0 · spread now +0.007%, 7d avg +0.003%
=Together, before fees+0.014%+ Points / potential airdropAster: Stage 5 · farm board+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster BTCUSDT | 85,769.3 | 0.0038 | pay 0.0038% / 8h | 6h 21m | $516.7M | $1.14B | 200x |
| Short | Popdex BTCUSDT | 85,775 | 0.0096 | get 0.0012% / 1h | 21m 59s | $8.4M | $51.9M | 100x |
Aster BTCUSDT
Popdex BTCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex against Aster. 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
- $12.18
- Price spread: +0.007% → +0.003%
- $0.36
- Slippage, 4 orders
- −$1.55
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$3.41
- Costs to cover
- 0.159%
- Break-even
- 9.0 days
Slippage from Aster: 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 Aster live order book, 2 min ago | 0.01 bp | 4.1 bp −$4 | 5.1 bp −$51 | 5.7 bp −$573 | 7.4 bp −$3,721 |
| Sell Popdex live order book, 2 min ago | 0.06 bp | 3.4 bp −$3 | 3.4 bp −$34 | 3.7 bp −$368 | 5.1 bp −$2,525 |
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 | 85,733 | −0.042% | $2.2M | $10.5M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,777 | +0.009% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0064% | 1h | 85,764.6 | −0.005% | $365K | $2.3M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,822.9 | +0.063% | $513K | $20.6M | 6.7x | as long as short |
| dYdX BTC-USD | +0.0002% | 1h | 85,800 | +0.036% | $16.8M | $21.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,787.2 | +0.021% | $36.7M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0020% | 1h | 85,691 | −0.091% | $340K | $26.9M | 52x | as long as short |
| KuCoin XBTUSDTM | +0.0032% | 8h | 85,740.5 | −0.034% | $902.1M | $754.5M | 125x | as long as short |
| Aster BTCUSDTlong | +0.0038% | 8h | 85,769.3 | long leg | $516.7M | $1.14B | 200x | |
| RISEx BTC/USDC | +0.0044% | 1h | 85,799.1 | +0.035% | $8.2M | $42.0M | 25x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
Perpl BTC
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERP
KuCoin XBTUSDTM
RISEx BTC/USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado BTC-PERP | +0.0052% | 1h | 85,794.7 | +0.030% | $22.6M | $227.4M | 50x | as long as short |
| BingX BTC-USDC | +0.0055% | 8h | 85,728.4 | −0.048% | — | $17.1M | — | as long as short |
| Reya BTCRUSDPERP | +0.0058% | 1h | 85,789.2 | +0.023% | $6.7M | $146.3M | 40x | as long as short |
| Bitget BTCUSDT | +0.0070% | 8h | 85,721.8 | −0.055% | $2.95B | $5.08B | 150x | as long as short |
| HTX BTC-USDT | +0.0083% | 8h | 85,768.7 | −0.001% | $2.27B | $947.1M | 200x | as long as short |
| ApeX Omni BTCUSDT | +0.0086% | 1h | 85,787 | +0.021% | $140.3M | $318.4M | 100x | as long as short |
| MEXC BTC_USDT | +0.0093% | 8h | 85,726.5 | −0.050% | $5.06B | $5.73B | 500x | as long as short |
| Binance BTCUSDT | +0.0093% | 8h | 85,727.2 | −0.049% | $9.34B | $24.29B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,767.7 | −0.002% | $170.4M | $990.8M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,774.5 | +0.006% | $23.5M | $147.5M | 50x | as long as short |
| Popdex BTCUSDTshort | +0.0096% | 1h | 85,775 | +0.007% | $8.4M | $51.9M | 100x | |
| Aevo BTC-PERP | +0.0096% | 1h | 85,768.1 | −0.001% | $2.5M | $1.8M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,755 | −0.017% | $202K | $7.5M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,773 | +0.004% | $3.8M | $8.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,824.8 | +0.065% | $3.76B | $4.97B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,823.8 | +0.064% | $40.3M | $571.4M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,736.9 | −0.038% | $5.31B | $9.73B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,721.8 | −0.055% | $2.54B | $12.35B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,796 | +0.031% | $4.0M | $18.3M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,758.4 | −0.013% | $7.2M | $98.1M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,744.8 | −0.029% | $590.5M | $195.3M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,736.8 | −0.038% | $5.60B | $10.55B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,751.5 | −0.021% | $35.3M | $164.9M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,799.4 | +0.035% | $156.6M | $556.2M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,740.4 | −0.034% | $278.7M | $939.3M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,794.3 | +0.029% | $215.3M | $166.3M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,774 | +0.006% | $30.3M | $208.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,843.9 | +0.087% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,791 | +0.025% | $11.1M | $14.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,792.3 | +0.027% | $188K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,774.1 | +0.006% | $2.4M | $9.0M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,815.7 | +0.054% | $186K | $708K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,778.1 | +0.010% | $30.0M | $56.2M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,722 | −0.055% | $2.9M | $6.6M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,765 | −0.005% | $60.0M | $337.2M | 40x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,760.5 | −0.010% | $154.3M | $480.4M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,702.8 | −0.077% | $44.1M | $227.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,807 | +0.044% | — | $101.5M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,790.3 | +0.024% | $131.2M | $5.15B | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0125% | 1h | 85,815.3 | +0.054% | $894.7M | $1.54B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0136% | 1h | 85,791.7 | +0.026% | $696K | $7.8M | 30x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0146% | 1h | 85,774.9 | +0.007% | $188.5M | $963.1M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0166% | 1h | 85,768.4 | −0.001% | $78K | $219K | 20x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0203% / S −0.0189% | 1h | 85,787 | +0.021% | $13.6M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0212% | 8h | 85,813 | +0.051% | $10.0M | $769.9M | 6.4x | as long as short |
Nado BTC-PERP
BingX BTC-USDC
Reya BTCRUSDPERP
Bitget BTCUSDT
HTX BTC-USDT
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
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
SoDEX BTC-USD
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Deribit BTC-PERPETUAL
Hibachi BTC/USDT-P
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP