Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%
Price spread now: Nado against Popdex−0.006%7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$140.139% of the position
Funding, last 3 days (all we have)+0.006%+$1 on $10k
+Price spread, last 7 days+0.010%+$1 · spread now −0.006%, 7d avg +0.002%
=Together, before fees+0.016%+ Points / potential airdropNado: Active · farm board+$2 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex BTCUSDT | 86,637 | 0.0096 | pay 0.0012% / 1h | 46m 22s | $8.5M | $52.5M | 100x |
| Short | Nado BTC-PERP | 86,631.6 | 0.0100 | get 0.0012% / 1h | 46m 22s | $21.8M | $234.7M | 50x |
Popdex BTCUSDT
Nado BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- $0.8
- Price spread: −0.006% → +0.002%
- −$0.85
- Slippage, 4 orders
- −$0.55
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$14
- Costs to cover
- 0.139%
- Break-even
- 129.5 days
Slippage from Popdex: live order book, 3 min ago; Nado: live order book, 3 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 | 0.06 bp | 3.5 bp −$3 | 3.6 bp −$36 | 3.8 bp −$381 | 5.1 bp −$2,528 |
| Sell Nado live order book, 3 min ago | 0.06 bp | 3.6 bp −$4 | 3.6 bp −$36 | 4.4 bp −$435 | 13.7 bp −$6,852 |
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 | −0.0118% | 1h | 86,505 | −0.152% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,636 | −0.001% | $9K | $3K | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0035% | 1h | 86,568 | −0.080% | $333K | $26.8M | 52x | as long as short |
| RISEx BTC/USDC | −0.0024% | 1h | 86,653.7 | +0.019% | $8.3M | $42.9M | 25x | as long as short |
| 01 Exchange BTCUSD | −0.0024% | 1h | 86,648.9 | +0.014% | $359K | $2.5M | 50x | as long as short |
| Aster BTCUSDT | −0.0001% | 8h | 86,657.8 | +0.024% | $502.8M | $1.15B | 200x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,624.6 | −0.014% | $916.3M | $1.49B | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,680.7 | +0.050% | $36.9M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0011% | 8h | 86,638.9 | +0.002% | $851.8M | $714.7M | 125x | as long as short |
| Reya BTCRUSDPERP | +0.0026% | 1h | 86,646.5 | +0.011% | $6.7M | $145.4M | 40x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
Injective BTC/USDC PERP
RISEx BTC/USDC
01 Exchange BTCUSD
Aster BTCUSDT
Deribit BTC-PERPETUAL
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
Reya BTCRUSDPERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX BTC-USD | +0.0032% | 1h | 86,633.7 | −0.004% | $17.0M | $21.1M | 50x | as long as short |
| Phemex BTCUSDT | +0.0040% | 8h | 86,607.6 | −0.034% | $150.2M | $479.8M | 150x | as long as short |
| BingX BTC-USDC | +0.0041% | 8h | 86,649.9 | +0.015% | — | $15.4M | — | as long as short |
| Bitget BTCUSDT | +0.0052% | 8h | 86,645 | +0.009% | $2.96B | $5.12B | 150x | as long as short |
| MEXC BTC_USDT | +0.0071% | 8h | 86,650.4 | +0.015% | $5.15B | $5.64B | 500x | as long as short |
| Binance BTCUSDT | +0.0072% | 8h | 86,662.9 | +0.030% | $9.44B | $24.55B | 150x | as long as short |
| Aevo BTC-PERP | +0.0072% | 1h | 86,685.6 | +0.056% | $2.4M | $1.3M | 20x | as long as short |
| Gate BTC_USDT | +0.0084% | 8h | 86,663.5 | +0.031% | $5.88B | $10.73B | 200x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,649.8 | +0.015% | $170.5M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,664.5 | +0.032% | $24.1M | $151.6M | 50x | as long as short |
| Popdex BTCUSDTlong | +0.0096% | 1h | 86,637 | long leg | $8.5M | $52.5M | 100x | |
| SoDEX BTC-USD | +0.0099% | 1h | 86,589 | −0.055% | $60.5M | $337.6M | 40x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,621 | −0.018% | $197K | $7.0M | 50x | as long as short |
| Nado BTC-PERPshort | +0.0100% | 1h | 86,631.6 | −0.006% | $21.8M | $234.7M | 50x | |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,676.9 | +0.046% | $4.8M | $8.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,719 | +0.095% | $3.80B | $5.11B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,675.4 | +0.044% | $40.9M | $524.0M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 86,666.4 | +0.034% | $5.27B | $9.82B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,668 | +0.036% | $2.55B | $12.77B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,641 | +0.005% | $3.9M | $18.7M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,672.7 | +0.041% | $7.6M | $95.0M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,560.7 | −0.088% | $572.5M | $17.8M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,596.7 | −0.047% | $38.1M | $155.2M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,524.8 | −0.129% | $155.3M | $568.2M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,501.6 | −0.156% | $279.5M | $946.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,516.2 | −0.139% | $217.3M | $172.2M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,541.7 | −0.110% | $141.4M | $323.6M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,574.7 | −0.072% | $30.7M | $204.6M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,675.9 | +0.045% | — | $11.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,642 | +0.006% | $11.1M | $13.8M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,660 | +0.027% | $190K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,663.7 | +0.031% | $2.4M | $8.9M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,700.6 | +0.073% | $141K | $663K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,598.7 | −0.044% | $30.6M | $62.5M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,570.9 | −0.076% | $3.4M | $5.4M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,567.7 | −0.080% | $2.30B | $970.5M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,627.7 | −0.011% | $45.4M | $226.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,680.2 | +0.050% | — | $99.4M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0110% | 1h | 86,626.1 | −0.013% | $193.7M | $951.5M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0111% | 1h | 86,585.2 | −0.060% | $79K | $220K | 20x | as long as short |
| Perpl BTC | +0.0112% | 43m | 86,616.2 | −0.024% | $419K | $23.4M | 6.7x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,636 | −0.001% | $132.7M | $5.69B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0184% | 1h | 86,598.3 | −0.045% | $729K | $8.1M | 30x | as long as short |
| BloFin BTC-USDT | +0.0192% | 8h | 86,589.3 | −0.055% | $414.8M | $658.8M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0192% / S −0.0215% | 1h | 86,676.2 | +0.045% | $15.1M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0205% | 8h | 86,618 | −0.022% | $9.7M | $741.9M | 6.4x | as long as short |
dYdX BTC-USD
Phemex BTCUSDT
BingX BTC-USDC
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
Gate BTC_USDT
Lighter BTC
Lighter RH BTC
SoDEX BTC-USD
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
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
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
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
Perpl BTC
Coinbase International BTC-PERP-INTX
Hibachi BTC/USDT-P
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP