Funding you earn now, next payment 11:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.03 per $10,000 · paid last 24h −0.003%
Price spread now: Popdex against Vest−0.068%7-day average −0.006% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.030%+$3 on $10k
+Price spread, last 7 days+0.081%+$8 · spread now −0.068%, 7d avg −0.006%
=Together, before fees+0.111%+ Points / potential airdropVest: Active · farm board+$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Popdex is 0.062% cheaper against Vest than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.006%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest BTC-PERP | 86,099.5 | 0.0100 | pay 0.0013% / 1h | 48m 02s | — | $9.2M | 50x |
| Short | Popdex BTCUSDT | 86,041 | 0.0072 | get 0.0009% / 1h | 48m 02s | $8.5M | $45.6M | 100x |
Vest BTC-PERP
Popdex BTCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex against Vest. 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
- −$5.88
- Price spread: −0.068% → −0.006%
- −$6.19
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$20.47
- Costs to cover
- 0.084%
- Break-even
- never at this rate
Slippage unknown: Vest: no order-book sample; Popdex: live order book, 4 min ago. Net counts fees only.
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 Vest no order-book sample | — | — | — | — | — |
| Sell Popdex live order book, 4 min ago | 0.06 bp | 3.7 bp −$4 | 3.9 bp −$39 | 4.1 bp −$414 | 5.4 bp −$2,687 |
Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
BTC on 55 exchanges
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 | −0.0133% | 1h | 86,126 | +0.031% | $2.1M | $7.8M | 40x | as long as short |
| ApeX Omni BTCUSDT | −0.0103% | 1h | 86,098.5 | −0.001% | $137.8M | $295.3M | 100x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,197 | +0.113% | $8K | $2K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0032% | 1h | 86,040.4 | −0.069% | $362K | $2.0M | 50x | as long as short |
| BloFin BTC-USDT | −0.0021% | 8h | 86,047.9 | −0.060% | $422.6M | $563.8M | 150x | as long as short |
| SoDEX BTC-USD | −0.0007% | 1h | 86,065 | −0.040% | $65.9M | $187.9M | 40x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 86,061.8 | −0.044% | $16.9M | $14.5M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,057.4 | −0.049% | $476K | $13.8M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 86,067.7 | −0.037% | $36.8M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0009% | 1h | 86,114 | +0.017% | $301K | $26.2M | 52x | as long as short |
Phoenix BTC
ApeX Omni BTCUSDT
Hotstuff BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
SoDEX BTC-USD
dYdX BTC-USD
Perpl BTC
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERPShow all 55 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BTCUSDT | +0.0028% | 8h | 86,064.4 | −0.041% | $513.0M | $874.0M | 200x | as long as short |
| BingX BTC-USDT | +0.0028% | 8h | 86,077.5 | −0.026% | — | $1.33B | — | as long as short |
| Kraken Futures PF_XBTUSD | +0.0029% | 1h | 86,089.3 | −0.012% | $191.6M | $768.3M | 100x | as long as short |
| Bybit BTCUSDT | +0.0039% | 8h | 86,086 | −0.016% | $5.15B | $8.13B | 150x | as long as short |
| KuCoin XBTUSDTM | +0.0054% | 8h | 86,076.6 | −0.027% | $943.7M | $633.5M | 125x | as long as short |
| Gate BTC_USDT | +0.0063% | 8h | 86,079.8 | −0.023% | $5.52B | $8.89B | 200x | as long as short |
| Popdex BTCUSDTshort | +0.0072% | 1h | 86,041 | −0.068% | $8.5M | $45.6M | 100x | |
| Phemex BTCUSDT | +0.0092% | 8h | 86,076 | −0.027% | $170.8M | $478.8M | 150x | as long as short |
| Bitget BTCUSDT | +0.0093% | 8h | 86,078.8 | −0.024% | $2.99B | $3.96B | 150x | as long as short |
| HTX BTC-USDT | +0.0094% | 8h | 86,058.8 | −0.047% | $2.27B | $803.8M | 200x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,083.4 | −0.019% | $173.8M | $854.3M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,084.5 | −0.017% | $23.4M | $119.1M | 50x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 86,046.3 | −0.062% | $2.4M | $6.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0098% | 8h | 86,073.2 | −0.031% | $5.17B | $4.83B | 500x | as long as short |
| Binance BTCUSDT | +0.0098% | 8h | 86,072.9 | −0.031% | $9.45B | $20.51B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,015 | −0.098% | $218K | $8.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,089.2 | −0.012% | $6.0M | $7.6M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,038.4 | −0.071% | $23.5M | $195.5M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,077.5 | −0.026% | $40.1M | $571.2M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,091.6 | −0.009% | $2.62B | $9.50B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,027 | −0.084% | $4.0M | $15.0M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,071.7 | −0.032% | $4.2M | $90.6M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,169.3 | +0.081% | $716.4M | $134.3M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,059.6 | −0.046% | $38.2M | $195.5M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,070.8 | −0.033% | $156.6M | $475.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,058.2 | −0.048% | $289.8M | $814.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,097 | −0.003% | $216.3M | $133.7M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,074.5 | −0.029% | $30.3M | $223.5M | 40x | as long as short |
| Vest BTC-PERPlong | +0.0100% | 1h | 86,099.5 | long leg | — | $9.2M | 50x | |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,059 | −0.047% | $11.1M | $12.0M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,056 | −0.051% | $205K | $3.2M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,057.7 | −0.049% | $2.6M | $8.9M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,107.1 | +0.009% | $195K | $563K | 40x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,045.9 | −0.062% | $3.3M | $6.7M | 100x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,049.8 | −0.058% | $46.9M | $203.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 86,063.4 | −0.042% | — | $81.6M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,120.6 | +0.024% | $112.3M | $4.97B | 50x | as long as short |
| Hyperliquid BTC | +0.0158% | 1h | 86,159 | +0.069% | $3.97B | $4.36B | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0160% | 8h | 86,069 | −0.035% | $12.0M | $733.9M | 6.4x | as long as short |
| Reya BTCRUSDPERP | +0.0163% | 1h | 86,077.4 | −0.026% | $6.6M | $131.1M | 40x | as long as short |
| RISEx BTC/USDC | +0.0187% | 1h | 86,058.6 | −0.048% | $8.9M | $37.0M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0211% / S −0.0252% | 1h | 86,082.2 | −0.020% | $15.6M | — | 200x | as long as short |
| Deribit BTC-PERPETUAL | +0.0291% | 1h | 86,125.8 | +0.031% | $822.9M | $1.50B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0352% | 1h | 86,119 | +0.023% | $725K | $7.0M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0446% | 1h | 86,115.2 | +0.018% | $79K | $245K | 20x | as long as short |
Aster BTCUSDT
BingX BTC-USDT
Kraken Futures PF_XBTUSD
Bybit BTCUSDT
KuCoin XBTUSDTM
Gate BTC_USDT
Phemex BTCUSDT
Bitget BTCUSDT
HTX BTC-USDT
Lighter BTC
Lighter RH BTC
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Pacifica BTC
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
StandX BTC-USD
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
SunX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Hyperliquid BTC
Kalshi KXBTCPERP
Reya BTCRUSDPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Deribit BTC-PERPETUAL
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD