Settings8H · net · $10k
Funding arb · Price arb /

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0064%/8h= −7.0% APRnext payment $0.08 per $10,000 · paid last 24h −0.009%
Price spread now: Vest against Aftermath Perps+0.105%7-day average −0.011% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.068%−$7 on $10k
Price spread, last 4 days (all we have)−0.159%−$16 · spread now +0.105%, 7d avg −0.011%
Together, before fees−0.227%+ Points / potential airdropVest: Active · farm board−$23 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Vest is 0.116% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.105% now, against its 7-day average of −0.011%): +$12 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.0 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps BTCUSD85,680.10.0164pay 0.0021% / 1h29m 11s$78K$219K20x
ShortVest BTC-PERP85,769.90.0100get 0.0013% / 1h29m 11s$11.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest against Aftermath Perps. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$13.49
Price spread: +0.105% → −0.011%
$11.59
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee Vest: 1 bp × 2 orders
−$2
Net
−$12.9
Costs to cover
0.110%
Break-even
from the start
Slippage unknown: Aftermath Perps: live order book, 40 min ago; Vest: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aftermath Perps live order book, 40 min ago1.00 bp9.7 bp −$1014.6 bp −$146doesn't fitdoesn't fit
Sell Vest no order-book sample
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 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix BTC−0.0144%1h85,735+0.064%$2.2M$10.5M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,689+0.010%$8K$3K50xas long as short
01 Exchange BTCUSD−0.0064%1h85,734.8+0.064%$364K$2.4M50xas long as short
Perpl BTC0.0000%43m85,755.5+0.088%$515K$20.7M6.7xas long as short
dYdX BTC-USD+0.0003%1h85,754+0.086%$16.8M$20.9M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,689.6+0.011%$36.7M200xas long as short
Injective BTC/USDC PERP+0.0020%1h85,691+0.013%$340K$26.9M52xas long as short
Aster BTCUSDT+0.0034%8h85,690.8+0.013%$509.3M$1.14B200xas long as short
KuCoin XBTUSDTM+0.0034%8h85,728.2+0.056%$903.5M$755.0M125xas long as short
RISEx BTC/USDC+0.0044%1h85,755.2+0.088%$8.2M$42.6M25xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDC+0.0054%8h85,688.9+0.010%$15.4Mas long as short
ApeX Omni BTCUSDT+0.0056%1h85,655.9−0.028%$140.1M$319.3M100xas long as short
Reya BTCRUSDPERP+0.0057%1h85,699.4+0.023%$6.7M$146.2M40xas long as short
HTX BTC-USDT+0.0058%8h85,656.9−0.027%$2.27B$952.6M200xas long as short
Nado BTC-PERP+0.0061%1h85,748.6+0.080%$22.7M$228.3M50xas long as short
Bitget BTCUSDT+0.0069%8h85,666.7−0.016%$2.94B$5.11B150xas long as short
MEXC BTC_USDT+0.0088%8h85,691.8+0.014%$5.07B$5.72B500xas long as short
Aevo BTC-PERP+0.0088%1h85,668.5−0.014%$2.5M$1.8M20xas long as short
Binance BTCUSDT+0.0088%8h85,682.6+0.003%$9.33B$24.40B150xas long as short
Lighter BTC+0.0096%1h85,678.1−0.002%$170.0M$988.3M50xas long as short
Lighter RH BTC+0.0096%1h85,686.4+0.007%$23.4M$146.7M50xas long as short
Popdex BTCUSDT+0.0096%1h85,746+0.077%$8.4M$52.0M100xas long as short
Gate BTC_USDT+0.0098%8h85,695.8+0.018%$5.62B$10.52B200xas long as short
Katana Perps BTC-USD+0.0100%8h85,707+0.031%$206K$7.5M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,720.9+0.048%$3.8M$8.5M50xas long as short
Hyperliquid BTC+0.0100%1h85,799+0.139%$3.77B$5.00B40xas long as short
Pacifica BTC+0.0100%1h85,768.2+0.103%$40.3M$571.4M50xas long as short
Bybit BTCUSDT+0.0100%8h85,694.2+0.017%$5.29B$9.78B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,683.4+0.004%$2.54B$12.40B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,749+0.080%$3.9M$18.0M25xas long as short
Arcus BTC-USD+0.0100%1h85,715.8+0.042%$7.3M$98.2M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,731.9+0.061%$35.3M$163.2M75xas long as short
Variational Omni BTC+0.0100%8h85,640.3−0.046%$156.2M$559.1Mas long as short
edgeX BTCUSDC+0.0100%4h85,632.3−0.056%$278.5M$946.5M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,580.1−0.117%$214.9M$167.6M50xas long as short
StandX BTC-USD+0.0100%1h85,678.2−0.002%$30.3M$208.2M40xas long as short
Vest BTC-PERPshort+0.0100%1h85,769.9+0.105%$11.8M50x
Polymarket Perps BTC-USD+0.0100%1h85,735+0.064%$11.0M$14.2M50xas long as short
Bullet BTC-USD+0.0100%1h85,696.2+0.019%$188K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,676.7−0.004%$2.4M$9.0M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,711.6+0.037%$186K$708K40xas long as short
Derive BTC-PERP+0.0100%1h85,678.2−0.002%$30.0M$56.7M15xas long as short
SunX BTC-USDT+0.0100%8h85,658.5−0.025%$2.9M$6.6M100xas long as short
SoDEX BTC-USD+0.0100%1h85,675−0.006%$60.0M$337.5M40xas long as short
Phemex BTCUSDT+0.0100%8h85,670.3−0.011%$153.0M$480.1M150xas long as short
Bulk BTC-USD+0.0100%1h85,587.5−0.108%$583.6M$150.2M40xas long as short
Extended BTC-USD+0.0104%1h85,651.2−0.034%$43.9M$228.3M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,750.9+0.083%$101.2M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h85,704.9+0.029%$131.0M$5.17B50xas long as short
Hibachi BTC/USDT-P+0.0136%1h85,716.1+0.042%$698K$7.9M30xas long as short
Deribit BTC-PERPETUAL+0.0142%1h85,710+0.035%$894.4M$1.53B50xas long as short
Kraken Futures PF_XBTUSD+0.0146%1h85,680.6+0.001%$188.7M$965.0M100xas long as short
Aftermath Perps BTCUSDlong+0.0164%1h85,680.1long leg$78K$219K20x
GMX BTC/USD [WBTC.b-USDC]L +0.0203% / S −0.0192%1h85,702.3+0.026%$13.5M200xas long as short
Kalshi KXBTCPERP+0.0210%8h85,741+0.071%$10.0M$770.4M6.4xas long as short