Funding you earn now, next payment 06:00 UTC+0.0007%/8h= +0.8% APRpaid last 24h +0.004%
Price spread now: Popdex against MEXC+0.058%7-day average +0.004% · 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−$5as in the Price arb table
costs, in and out, $10k−$110.107% of the position
Funding, last 4 days (all we have)+0.012%+$1 on $10k
+Price spread, last 7 days−0.061%−$6 · spread now +0.058%, 7d avg +0.004%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Popdex is 0.053% dearer against MEXC than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.004%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC BTC_USDT | 85,427.8 | 0.0089 | pay 0.0089% / 8h | 2h 50m | $5.08B | $5.66B | 500x |
| Short | Popdex BTCUSDT | 85,477 | 0.0096 | get 0.0012% / 1h | 50m 14s | $8.4M | $55.4M | 100x |
MEXC BTC_USDT
Popdex BTCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex against MEXC. 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
- $1.47
- Price spread: +0.058% → +0.004%
- $5.35
- Slippage, 4 orders
- −$0.28
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$3.87
- Costs to cover
- 0.107%
- Break-even
- 25.4 days
Slippage from MEXC: live order book, 4 min ago; Popdex: live order book, 4 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 MEXC live order book, 4 min ago | 0.01 bp | 2.0 bp −$2 | 2.0 bp −$20 | 2.0 bp −$201 | 2.4 bp −$1,184 |
| Sell Popdex live order book, 4 min ago | 0.06 bp | 3.4 bp −$3 | 3.4 bp −$34 | 4.0 bp −$402 | 5.2 bp −$2,592 |
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 | 85,404 | −0.028% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,484 | +0.066% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0054% | 8h | 85,461.7 | +0.040% | $921.3M | $760.6M | 125x | as long as short |
| 01 Exchange BTCUSD | −0.0032% | 1h | 85,478.3 | +0.059% | $381K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0030% | 8h | 85,477.4 | +0.058% | $421.3M | $677.4M | 150x | as long as short |
| Aster BTCUSDT | −0.0011% | 8h | 85,428.7 | +0.001% | $514.0M | $1.10B | 200x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,452.6 | +0.029% | $16.8M | $21.3M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,475.6 | +0.056% | $533K | $18.8M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,475.8 | +0.056% | $36.5M | — | 200x | as long as short |
| Nado BTC-PERP | +0.0012% | 1h | 85,464.9 | +0.043% | $24.7M | $223.7M | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
01 Exchange BTCUSD
BloFin BTC-USDT
Aster BTCUSDT
dYdX BTC-USD
Perpl BTC
gTrade (Gains Network) BTC/USD
Nado BTC-PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0023% | 1h | 85,449 | +0.025% | $339K | $26.8M | 52x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0056% | 1h | 85,442.4 | +0.017% | $187.7M | $954.6M | 100x | as long as short |
| ApeX Omni BTCUSDT | +0.0060% | 1h | 85,397.6 | −0.035% | $139.6M | $315.6M | 100x | as long as short |
| BingX BTC-USDC | +0.0063% | 8h | 85,449.2 | +0.025% | — | $17.3M | — | as long as short |
| Bullet BTC-USD | +0.0068% | 1h | 85,460 | +0.038% | $204K | $3.3M | 20x | as long as short |
| Phemex BTCUSDT | +0.0072% | 8h | 85,438.9 | +0.013% | $149.5M | $500.4M | 150x | as long as short |
| Bitget BTCUSDT | +0.0081% | 8h | 85,448.2 | +0.024% | $2.95B | $5.15B | 150x | as long as short |
| SoDEX BTC-USD | +0.0087% | 1h | 85,418 | −0.011% | $59.9M | $335.9M | 40x | as long as short |
| Aevo BTC-PERP | +0.0088% | 1h | 85,440.2 | +0.014% | $2.4M | $6.7M | 20x | as long as short |
| MEXC BTC_USDTlong | +0.0089% | 8h | 85,427.8 | long leg | $5.08B | $5.66B | 500x | |
| Binance BTCUSDT | +0.0090% | 8h | 85,429.4 | +0.002% | $9.44B | $24.71B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,442.1 | +0.017% | $171.8M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,438 | +0.012% | $23.9M | $147.3M | 50x | as long as short |
| Popdex BTCUSDTshort | +0.0096% | 1h | 85,477 | +0.058% | $8.4M | $55.4M | 100x | |
| Coinbase International BTC-PERP-INTX | +0.0096% | 1h | 85,460 | +0.038% | $117.2M | $5.31B | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,451 | +0.027% | $239K | $8.5M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,524.7 | +0.113% | $5.6M | $9.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,555 | +0.149% | $3.79B | $5.03B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,505.2 | +0.091% | $40.1M | $593.1M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,427.7 | 0.000% | $5.18B | $9.89B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,436.7 | +0.010% | $2.59B | $12.14B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,466 | +0.045% | $3.8M | $17.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,475.7 | +0.056% | $4.7M | $99.0M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,471 | +0.051% | $5.55B | $10.80B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,463.5 | +0.042% | $36.6M | $175.2M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,453.4 | +0.030% | $154.3M | $564.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,371.3 | −0.066% | $279.2M | $937.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,404.6 | −0.027% | $214.6M | $169.0M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,465.9 | +0.045% | $30.1M | $206.3M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,533.4 | +0.124% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,470 | +0.049% | $11.1M | $14.4M | 50x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,443.8 | +0.019% | $2.5M | $8.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,490.5 | +0.073% | $207K | $738K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,427.2 | −0.001% | $30.0M | $50.3M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,448.1 | +0.024% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,426.3 | −0.002% | $2.26B | $952.3M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,429 | +0.001% | $679.8M | $655.7M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,416.1 | −0.014% | $45.8M | $236.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,479.8 | +0.061% | — | $106.8M | 500x | as long as short |
| Reya BTCRUSDPERP | +0.0109% | 1h | 85,464.3 | +0.043% | $6.6M | $147.3M | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0149% | 1h | 85,476.2 | +0.057% | $872.2M | $1.60B | 50x | as long as short |
| Kalshi KXBTCPERP | +0.0174% | 8h | 85,501 | +0.086% | $11.4M | $750.1M | 6.4x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,473.9 | +0.054% | $13.0M | — | 200x | as long as short |
| Aftermath Perps BTCUSD | +0.0237% | 1h | 85,451.1 | +0.027% | $78K | $225K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0240% | 1h | 85,486.9 | +0.069% | $695K | $7.9M | 30x | as long as short |
| RISEx BTC/USDC | +0.0257% | 1h | 85,503.5 | +0.089% | $8.8M | $43.1M | 25x | as long as short |
Injective BTC/USDC PERP
Kraken Futures PF_XBTUSD
ApeX Omni BTCUSDT
BingX BTC-USDC
Bullet BTC-USD
Phemex BTCUSDT
Bitget BTCUSDT
SoDEX BTC-USD
Aevo BTC-PERP
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Coinbase International BTC-PERP-INTX
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
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
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Reya BTCRUSDPERP
Deribit BTC-PERPETUAL
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
RISEx BTC/USDC