Funding you earn now, next payment 08:00 UTC−0.0033%/8h= −3.6% APRnext payment −$0.04 per $10,000 · paid last 24h −0.009%
Price spread now: ApeX Omni against Popdex+0.234%57s7-day average +0.005% · 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—prices read too far apart to compare
costs, in and out, $10k−$180.179% of the position
Funding, last 4 days (all we have)−0.014%−$1 on $10k
+Price spread, last 7 days−0.242%−$24 · spread now +0.234%, 7d avg +0.005%
=The price spread pays, funding is against you. ApeX Omni is 0.230% dearer against Popdex than usual: you sell high and buy low (spread +0.234% now, against its 7-day average of +0.005%): +$23 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 23 days. At the pace of the last 4 days (−0.014% in total) that is about 2 months. The two prices were read 57 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 | 85,188 | 0.0096 | pay 0.0012% / 1h | 36m 34s | $8.4M | $57.5M | 100x |
| Short | ApeX Omni BTCUSDT | 85,387.6 | 0.0063 | get 0.0008% / 1h | 36m 34s | $139.8M | $312.7M | 100x |
Popdex BTCUSDT
ApeX Omni BTCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni 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
- −$6.92
- Price spread: +0.234% → +0.005%
- $22.96
- Slippage, 4 orders
- −$1.54
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$1.9
- Costs to cover
- 0.179%
- Break-even
- from the start
Slippage from Popdex: live order book, 3 min ago; ApeX Omni: live order book, 8 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, 3 min ago | 0.12 bp | 3.3 bp −$3 | 3.3 bp −$33 | 3.5 bp −$353 | 5.0 bp −$2,507 |
| Sell ApeX Omni live order book, 8 min ago | 0.14 bp | 5.1 bp −$5 | 5.1 bp −$51 | 9.7 bp −$973 | 39.2 bp −$19.6K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,233 | +0.053% | $8K | $3K | 50x | as long as short |
| Phoenix BTC | −0.0034% | 1h | 85,354 | +0.195% | $2.3M | $10.8M | 40x | as long as short |
| KuCoin XBTUSDTM | −0.0024% | 8h | 85,184.3 | −0.004% | $927.6M | $776.4M | 125x | as long as short |
| BloFin BTC-USDT | −0.0022% | 8h | 85,235.9 | +0.056% | $420.5M | $681.9M | 150x | as long as short |
| Aster BTCUSDT | −0.0006% | 8h | 85,180 | −0.009% | $509.3M | $1.09B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,199.2 | +0.013% | $346K | $2.3M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,258.3 | +0.083% | $481K | $18.4M | 6.7x | as long as short |
| dYdX BTC-USD | +0.0004% | 1h | 85,225.3 | +0.044% | $16.7M | $21.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,227.3 | +0.046% | $36.5M | — | 200x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0026% | 1h | 85,231.1 | +0.051% | $185.6M | $953.6M | 100x | as long as short |
Hotstuff BTC-PERP
Phoenix BTC
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
01 Exchange BTCUSD
Perpl BTC
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Kraken Futures PF_XBTUSDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni BTCUSDTshort | +0.0063% | 1h | 85,387.6 | +0.234% | $139.8M | $312.7M | 100x | |
| BingX BTC-USDT | +0.0065% | 8h | 85,186.1 | −0.002% | — | $1.57B | — | as long as short |
| Injective BTC/USDC PERP | +0.0067% | 1h | 85,249 | +0.072% | $338K | $24.7M | 52x | as long as short |
| Deribit BTC-PERPETUAL | +0.0080% | 1h | 85,258.5 | +0.083% | $840.9M | $1.66B | 50x | as long as short |
| Bybit BTCUSDT | +0.0081% | 8h | 85,196.2 | +0.010% | $5.12B | $10.00B | 150x | as long as short |
| Nado BTC-PERP | +0.0089% | 1h | 85,218.7 | +0.036% | $24.0M | $220.5M | 50x | as long as short |
| Bitget BTCUSDT | +0.0092% | 8h | 85,186.1 | −0.002% | $2.97B | $5.19B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,201.8 | +0.016% | $168.4M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,202.8 | +0.017% | $23.6M | $148.2M | 50x | as long as short |
| Popdex BTCUSDTlong | +0.0096% | 1h | 85,188 | long leg | $8.4M | $57.5M | 100x | |
| Aevo BTC-PERP | +0.0096% | 1h | 85,226.4 | +0.045% | $2.4M | $6.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0097% | 8h | 85,190.1 | +0.002% | $5.03B | $5.74B | 500x | as long as short |
| Binance BTCUSDT | +0.0097% | 8h | 85,188.3 | 0.000% | $9.39B | $25.09B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,170 | −0.021% | $271K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,229.7 | +0.049% | $5.8M | $9.5M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,271 | +0.097% | $3.74B | $5.07B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,220.7 | +0.038% | $39.9M | $606.5M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,213.8 | +0.030% | $2.59B | $12.21B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,190 | +0.002% | $3.8M | $17.3M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,201.6 | +0.016% | $4.6M | $97.1M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,196.5 | +0.010% | $5.49B | $11.05B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,213.5 | +0.030% | $37.3M | $186.4M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,361.8 | +0.204% | $156.0M | $553.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,300.9 | +0.133% | $282.9M | $956.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,333.8 | +0.171% | $214.3M | $158.5M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,227 | +0.046% | $30.0M | $210.6M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,299 | +0.130% | — | $10.1M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,232 | +0.052% | $10.9M | $14.8M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,221.8 | +0.040% | $197K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,216.3 | +0.033% | $2.6M | $9.7M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,253.3 | +0.077% | $194K | $796K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,205.8 | +0.021% | $29.9M | $45.8M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,215.5 | +0.032% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,215 | +0.032% | $59.6M | $336.5M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,215 | +0.032% | $2.25B | $969.2M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,227.5 | +0.046% | $158.9M | $514.8M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,299.3 | +0.131% | $693.1M | $258.2M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,162.6 | −0.030% | $45.5M | $241.5M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,221.1 | +0.039% | — | $106.0M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,265 | +0.090% | $111.9M | $5.48B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0138% | 1h | 85,207.8 | +0.023% | $6.6M | $145.8M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0172% | 8h | 85,264 | +0.089% | $12.0M | $736.7M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,209 | +0.025% | $8.8M | $42.8M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0175% / S −0.0147% | 1h | 85,226.8 | +0.046% | $13.0M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0200% | 1h | 85,345.5 | +0.185% | $683K | $7.7M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0297% | 1h | 85,360.2 | +0.202% | $79K | $252K | 20x | as long as short |
BingX BTC-USDT
Injective BTC/USDC PERP
Deribit BTC-PERPETUAL
Bybit BTCUSDT
Nado BTC-PERP
Bitget BTCUSDT
Lighter BTC
Lighter RH BTC
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
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
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
Kalshi KXBTCPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD