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

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.017%
Price spread now: Vest against Gate+0.017%7-day average +0.009% · 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)0.000%$0 on $10k
Price spread, last 7 days−0.012%−$1 · spread now +0.017%, 7d avg +0.009%
Together, before fees−0.012%+ Points / potential airdropVest: Active · farm board−$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate BTC_USDT85,818.80.0100pay 0.0100% / 8h5h 16m$5.56B$10.55B200x
ShortVest BTC-PERP85,8330.0100get 0.0013% / 1h16m 26s$11.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest against Gate. 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: +0.017% → +0.009%
$0.74
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Vest: 1 bp × 2 orders
−$2
Net
−$16.26
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Gate: live order book, 3 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 Gate live order book, 3 min ago0.01 bp7.5 bp −$88.4 bp −$848.9 bp −$89013.5 bp −$6,732
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
Bluefin BTC-PERP−0.0785%1h85,850.8+0.037%$197K$722K40xas long as short
Phoenix BTC−0.0160%1h85,789−0.035%$2.2M$10.3M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,792−0.031%$8K$3K50xas long as short
01 Exchange BTCUSD−0.0040%1h85,782.7−0.042%$369K$2.3M50xas long as short
BloFin BTC-USDT−0.0034%8h85,769.9−0.057%$418.4M$665.5M150xas long as short
dYdX BTC-USD0.0000%1h85,797.8−0.024%$16.8M$21.2M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,825.7+0.008%$36.7M200xas long as short
KuCoin XBTUSDTM+0.0005%8h85,785.4−0.039%$918.8M$751.3M125xas long as short
Nado BTC-PERP+0.0010%1h85,787.6−0.036%$22.7M$219.6M50xas long as short
Aster BTCUSDT+0.0019%8h85,798.4−0.024%$517.0M$1.10B200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDT+0.0056%8h85,818.50.000%$1.53Bas long as short
Bitget BTCUSDT+0.0071%8h85,808.7−0.012%$2.96B$5.01B150xas long as short
Reya BTCRUSDPERP+0.0072%1h85,798.4−0.024%$6.7M$146.5M40xas long as short
Phemex BTCUSDT+0.0072%8h85,767.6−0.060%$148.7M$479.8M150xas long as short
Injective BTC/USDC PERP+0.0079%1h85,807−0.014%$341K$26.9M52xas long as short
Aevo BTC-PERP+0.0080%1h85,803.8−0.018%$2.5M$1.7M20xas long as short
HTX BTC-USDT+0.0085%8h85,763.9−0.064%$2.27B$935.7M200xas long as short
MEXC BTC_USDT+0.0086%8h85,812.9−0.007%$5.05B$5.64B500xas long as short
Binance BTCUSDT+0.0087%8h85,811.2−0.009%$9.36B$23.87B150xas long as short
SunX BTC-USDT+0.0095%8h85,753.7−0.076%$2.9M$6.1M100xas long as short
Lighter BTC+0.0096%1h85,791.2−0.032%$170.4M$995.4M50xas long as short
Lighter RH BTC+0.0096%1h85,787.5−0.036%$24.0M$148.8M50xas long as short
Popdex BTCUSDT+0.0096%1h85,788−0.036%$8.4M$52.2M100xas long as short
SoDEX BTC-USD+0.0097%1h85,768−0.059%$60.1M$336.1M40xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,817.7−0.001%$3.8M$8.2M50xas long as short
Katana Perps BTC-USD+0.0100%8h85,754−0.076%$198K$7.8M50xas long as short
Hyperliquid BTC+0.0100%1h85,869+0.058%$3.75B$4.98B40xas long as short
Pacifica BTC+0.0100%1h85,811.9−0.008%$40.2M$577.3M50xas long as short
Bybit BTCUSDT+0.0100%8h85,823.4+0.005%$5.34B$9.57B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,824.8+0.007%$2.58B$12.11B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,755−0.074%$3.9M$18.0M25xas long as short
Arcus BTC-USD+0.0100%1h85,754.5−0.075%$6.8M$97.5M40xas long as short
Gate BTC_USDTlong+0.0100%8h85,818.8long leg$5.56B$10.55B200x
Backpack BTC_USDC_PERP+0.0100%1h85,773.9−0.052%$35.2M$173.3M75xas long as short
Variational Omni BTC+0.0100%8h85,772.2−0.054%$155.9M$551.3Mas long as short
edgeX BTCUSDC+0.0100%4h85,731−0.102%$280.0M$921.5M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,760.8−0.068%$215.4M$166.0M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,808.4−0.012%$140.4M$314.6M100xas long as short
StandX BTC-USD+0.0100%1h85,760.8−0.068%$30.3M$209.4M40xas long as short
Vest BTC-PERPshort+0.0100%1h85,833+0.017%$11.8M50x
Polymarket Perps BTC-USD+0.0100%1h85,799−0.023%$11.1M$14.1M50xas long as short
Bullet BTC-USD+0.0100%1h85,814−0.006%$191K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,803.1−0.018%$2.4M$8.8M100xas long as short
Derive BTC-PERP+0.0100%1h85,763.2−0.065%$30.0M$50.9M15xas long as short
Bulk BTC-USD+0.0100%1h85,681.9−0.160%$628.9M$439.0M40xas long as short
Extended BTC-USD+0.0104%1h85,764.8−0.063%$44.2M$226.7M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,787.3−0.037%$105.9M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h85,807.7−0.013%$129.6M$5.09B50xas long as short
RISEx BTC/USDC+0.0120%1h85,812.6−0.007%$8.4M$42.2M25xas long as short
Deribit BTC-PERPETUAL+0.0134%1h85,812.2−0.008%$891.5M$1.53B50xas long as short
Kraken Futures PF_XBTUSD+0.0138%1h85,791.6−0.032%$188.9M$951.5M100xas long as short
Aftermath Perps BTCUSD+0.0199%1h85,776.7−0.049%$78K$219K20xas long as short
Hibachi BTC/USDT-P+0.0200%1h85,800.6−0.021%$703K$7.8M30xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0202% / S −0.0178%1h85,820.5+0.002%$13.6M200xas long as short
Kalshi KXBTCPERP+0.0218%8h85,802−0.020%$10.6M$758.0M6.4xas long as short
Perpl BTC+0.0447%43m85,800.1−0.022%$509K$19.3M6.7xas long as short