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

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.010%
Price spread now: Vest against edgeX+0.049%63s7-day average +0.048% · 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 4 days (all we have)+0.110%+$11 on $10k
Price spread, last 7 days−0.019%−$2 · spread now +0.049%, 7d avg +0.048%
Together, before fees+0.090%+ Points / potential airdropedgeX: Active · Vest: Active · farm board+$9 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX BTCUSDC85,436.80.0100pay 0.0050% / 4h41m 44s$283.3M$959.9M100x
ShortVest BTC-PERP85,478.60.0100get 0.0013% / 1h41m 44s$10.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest against edgeX. 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
$0
Price spread: +0.049% → +0.048%
$0.14
Slippage, 4 orders
no order book: not counted
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Vest: 1 bp × 2 orders
−$2
Net
−$10.86
Costs to cover
0.110%
Break-even
never at this rate
Slippage unknown: edgeX: 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
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 2 min ago0.02 bp4.5 bp −$54.5 bp −$454.7 bp −$4675.8 bp −$2,922
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff BTC-PERP−0.0080%1h85,414−0.027%$8K$3K50xas long as short
Phoenix BTC−0.0034%1h85,472+0.041%$2.3M$10.8M40xas long as short
KuCoin XBTUSDTM−0.0025%8h85,410.9−0.030%$931.8M$775.2M125xas long as short
BloFin BTC-USDT−0.0022%8h85,380.7−0.066%$420.7M$682.4M150xas long as short
Aster BTCUSDT−0.0005%8h85,389.6−0.055%$512.1M$1.08B200xas long as short
01 Exchange BTCUSD0.0000%1h85,409.3−0.032%$348K$2.3M50xas long as short
Perpl BTC0.0000%43m85,445.8+0.011%$467K$18.3M6.7xas long as short
dYdX BTC-USD+0.0004%1h85,440+0.004%$16.7M$21.0M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,432.2−0.005%$36.5M200xas long as short
Kraken Futures PF_XBTUSD+0.0026%1h85,432.3−0.005%$185.8M$952.5M100xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni BTCUSDT+0.0066%1h85,421.4−0.018%$139.6M$312.8M100xas long as short
Injective BTC/USDC PERP+0.0067%1h85,367−0.082%$338K$24.6M52xas long as short
BingX BTC-USDT+0.0067%8h85,407.2−0.035%$1.57Bas long as short
Nado BTC-PERP+0.0081%1h85,371.1−0.077%$24.1M$220.1M50xas long as short
Bybit BTCUSDT+0.0084%8h85,402−0.041%$5.14B$9.98B150xas long as short
Bitget BTCUSDT+0.0092%8h85,404.1−0.038%$2.97B$5.18B150xas long as short
Lighter BTC+0.0096%1h85,409.7−0.032%$169.0M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h85,406.5−0.035%$23.6M$148.0M50xas long as short
Popdex BTCUSDT+0.0096%1h85,402−0.041%$8.4M$57.4M100xas long as short
Aevo BTC-PERP+0.0096%1h85,420.1−0.020%$2.4M$6.7M20xas long as short
MEXC BTC_USDT+0.0097%8h85,419.4−0.020%$5.05B$5.73B500xas long as short
Binance BTCUSDT+0.0098%8h85,399.4−0.044%$9.41B$25.01B150xas long as short
Katana Perps BTC-USD+0.0100%8h85,375−0.072%$272K$8.7M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,434.5−0.003%$5.8M$9.5M50xas long as short
Hyperliquid BTC+0.0100%1h85,491+0.063%$3.75B$5.07B40xas long as short
Pacifica BTC+0.0100%1h85,424.6−0.014%$40.1M$605.5M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,407.8−0.034%$2.60B$12.22B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,399−0.044%$3.9M$17.3M25xas long as short
Arcus BTC-USD+0.0100%1h85,409.9−0.031%$4.7M$96.7M40xas long as short
Bulk BTC-USD+0.0100%1h85,349−0.103%$691.7M$275.1M40xas long as short
Gate BTC_USDT+0.0100%8h85,416.3−0.024%$5.53B$11.03B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,416.5−0.024%$37.3M$185.0M75xas long as short
Variational Omni BTC+0.0100%8h85,426.4−0.012%$156.0M$554.8Mas long as short
edgeX BTCUSDClong+0.0100%4h85,436.8long leg$283.3M$959.9M100x
GRVT BTC_USDT_Perp+0.0100%8h85,426.5−0.012%$214.4M$159.5M50xas long as short
StandX BTC-USD+0.0100%1h85,395.3−0.049%$30.1M$209.8M40xas long as short
Vest BTC-PERPshort+0.0100%1h85,478.6+0.049%$10.1M50x
Polymarket Perps BTC-USD+0.0100%1h85,431−0.007%$11.0M$14.7M50xas long as short
Bullet BTC-USD+0.0100%1h85,426−0.013%$198K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,421.7−0.018%$2.6M$9.8M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,462.6+0.030%$194K$795K40xas long as short
Derive BTC-PERP+0.0100%1h85,399.5−0.044%$30.0M$45.9M15xas long as short
SunX BTC-USDT+0.0100%8h85,386.9−0.058%$2.9M$6.1M100xas long as short
SoDEX BTC-USD+0.0100%1h85,420−0.020%$59.8M$336.5M40xas long as short
HTX BTC-USDT+0.0100%8h85,425−0.014%$2.26B$966.9M200xas long as short
Phemex BTCUSDT+0.0100%8h85,430.3−0.008%$159.2M$514.4M150xas long as short
Extended BTC-USD+0.0104%1h85,395.2−0.049%$45.5M$241.1M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,410.4−0.031%$106.0M500xas long as short
Coinbase International BTC-PERP-INTX+0.0104%1h85,455+0.021%$112.2M$5.48B50xas long as short
Deribit BTC-PERPETUAL+0.0134%1h85,463.6+0.031%$840.7M$1.66B50xas long as short
Reya BTCRUSDPERP+0.0138%1h85,415.8−0.025%$6.6M$146.3M40xas long as short
Kalshi KXBTCPERP+0.0173%8h85,410−0.031%$12.0M$736.5M6.4xas long as short
RISEx BTC/USDC+0.0174%1h85,450+0.015%$8.8M$42.8M25xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0175% / S −0.0147%1h85,432.1−0.005%$13.0M200xas long as short
Hibachi BTC/USDT-P+0.0200%1h85,445.2+0.010%$684K$7.7M30xas long as short
Aftermath Perps BTCUSD+0.0293%1h85,458.6+0.025%$79K$252K20xas long as short