Funding you earn now, next payment 08:00 UTC−0.0034%/8h= −3.7% APRnext payment −$0.04 per $10,000 · paid last 24h −0.025%
Price spread now: Vest against Deribit+0.018%7-day average −0.033% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.055%−$6 on $10k
+Price spread, last 4 days (all we have)−0.074%−$7 · spread now +0.018%, 7d avg −0.033%
=Together, before fees−0.130%+ Points / potential airdropVest: Active · farm board−$13 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Vest is 0.050% dearer against Deribit than usual: you sell high and buy low (spread +0.018% now, against its 7-day average of −0.033%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit BTC-PERPETUAL | 85,463.6 | 0.0134 | pay 0.0017% / 1h | 41m 44s | $840.7M | $1.66B | 50x |
| Short | Vest BTC-PERP | 85,478.6 | 0.0100 | get 0.0013% / 1h | 41m 44s | — | $10.1M | 50x |
Deribit BTC-PERPETUAL
Vest BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest against Deribit. 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
- −$7.18
- Price spread: +0.018% → −0.033%
- $5.03
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$11.15
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Deribit: live order book, 2 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Deribit live order book, 2 min ago | 0.03 bp | 3.6 bp −$4 | 4.3 bp −$43 | 6.8 bp −$677 | 11.1 bp −$5,565 |
| 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 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 | 85,414 | −0.058% | $8K | $3K | 50x | as long as short |
| Phoenix BTC | −0.0034% | 1h | 85,472 | +0.010% | $2.3M | $10.8M | 40x | as long as short |
| KuCoin XBTUSDTM | −0.0025% | 8h | 85,410.9 | −0.062% | $931.8M | $775.2M | 125x | as long as short |
| BloFin BTC-USDT | −0.0022% | 8h | 85,380.7 | −0.097% | $420.7M | $682.4M | 150x | as long as short |
| Aster BTCUSDT | −0.0005% | 8h | 85,389.6 | −0.087% | $512.1M | $1.08B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,409.3 | −0.064% | $348K | $2.3M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,445.8 | −0.021% | $467K | $18.3M | 6.7x | as long as short |
| dYdX BTC-USD | +0.0004% | 1h | 85,440 | −0.028% | $16.7M | $21.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,432.2 | −0.037% | $36.5M | — | 200x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0026% | 1h | 85,432.3 | −0.037% | $185.8M | $952.5M | 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 BTCUSDT | +0.0066% | 1h | 85,421.4 | −0.049% | $139.6M | $312.8M | 100x | as long as short |
| Injective BTC/USDC PERP | +0.0067% | 1h | 85,367 | −0.113% | $338K | $24.6M | 52x | as long as short |
| BingX BTC-USDT | +0.0067% | 8h | 85,407.2 | −0.066% | — | $1.57B | — | as long as short |
| Nado BTC-PERP | +0.0081% | 1h | 85,371.1 | −0.108% | $24.1M | $220.1M | 50x | as long as short |
| Bybit BTCUSDT | +0.0084% | 8h | 85,402 | −0.072% | $5.14B | $9.98B | 150x | as long as short |
| Bitget BTCUSDT | +0.0092% | 8h | 85,404.1 | −0.070% | $2.97B | $5.18B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,409.7 | −0.063% | $169.0M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,406.5 | −0.067% | $23.6M | $148.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,402 | −0.072% | $8.4M | $57.4M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,420.1 | −0.051% | $2.4M | $6.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0097% | 8h | 85,419.4 | −0.052% | $5.05B | $5.73B | 500x | as long as short |
| Binance BTCUSDT | +0.0098% | 8h | 85,399.4 | −0.075% | $9.41B | $25.01B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,375 | −0.104% | $272K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,434.5 | −0.034% | $5.8M | $9.5M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,491 | +0.032% | $3.75B | $5.07B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,424.6 | −0.046% | $40.1M | $605.5M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,407.8 | −0.065% | $2.60B | $12.22B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,399 | −0.076% | $3.9M | $17.3M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,409.9 | −0.063% | $4.7M | $96.7M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,349 | −0.134% | $691.7M | $275.1M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,416.3 | −0.055% | $5.53B | $11.03B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,416.5 | −0.055% | $37.3M | $185.0M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,426.4 | −0.044% | $156.0M | $554.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,436.8 | −0.031% | $283.3M | $959.9M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,426.5 | −0.043% | $214.4M | $159.5M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,395.3 | −0.080% | $30.1M | $209.8M | 40x | as long as short |
| Vest BTC-PERPshort | +0.0100% | 1h | 85,478.6 | +0.018% | — | $10.1M | 50x | |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,431 | −0.038% | $11.0M | $14.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,426 | −0.044% | $198K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,421.7 | −0.049% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,462.6 | −0.001% | $194K | $795K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,399.5 | −0.075% | $30.0M | $45.9M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,386.9 | −0.090% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,420 | −0.051% | $59.8M | $336.5M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,425 | −0.045% | $2.26B | $966.9M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,430.3 | −0.039% | $159.2M | $514.4M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,395.2 | −0.080% | $45.5M | $241.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,410.4 | −0.062% | — | $106.0M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,455 | −0.010% | $112.2M | $5.48B | 50x | as long as short |
| Deribit BTC-PERPETUALlong | +0.0134% | 1h | 85,463.6 | long leg | $840.7M | $1.66B | 50x | |
| Reya BTCRUSDPERP | +0.0138% | 1h | 85,415.8 | −0.056% | $6.6M | $146.3M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0173% | 8h | 85,410 | −0.063% | $12.0M | $736.5M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,450 | −0.016% | $8.8M | $42.8M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0175% / S −0.0147% | 1h | 85,432.1 | −0.037% | $13.0M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0200% | 1h | 85,445.2 | −0.022% | $684K | $7.7M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0293% | 1h | 85,458.6 | −0.006% | $79K | $252K | 20x | as long as short |
ApeX Omni BTCUSDT
Injective BTC/USDC PERP
BingX BTC-USDT
Nado BTC-PERP
Bybit BTCUSDT
Bitget BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
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
Bulk BTC-USD
Gate BTC_USDT
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
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
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