Funding you earn now, next payment 02:00 UTC−0.0103%/8h= −11.3% APRnext payment −$0.13 per $10,000 · paid last 24h −0.020%
Price spread now: Vest against GMX+0.023%7-day average −0.027% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.102%−$10 on $10k
+Price spread, last 3 days (all we have)−0.070%−$7 · spread now +0.023%, 7d avg −0.027%
=Together, before fees−0.172%+ Points / potential airdropVest: Active · farm board−$17 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Vest is 0.050% dearer against GMX than usual: you sell high and buy low (spread +0.023% now, against its 7-day average of −0.027%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 39 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX BTC/USD [WBTC.b-USDC] | 85,808 | L +0.0203% / S −0.0192% | pay 0.0025% / 1h | 26m 11s | $13.5M | — | 200x |
| Short | Vest BTC-PERP | 85,827.6 | 0.0100 | get 0.0013% / 1h | 26m 11s | — | $11.8M | 50x |
GMX BTC/USD [WBTC.b-USDC]
Vest BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest against GMX. 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
- −$21.7
- Price spread: +0.023% → −0.027%
- $5.02
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$30.68
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; 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 GMX no order-book sample | — | — | — | — | — |
| Sell Vest no order-book sample | — | — | — | — | — |
GMX and 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0144% | 1h | 85,735 | −0.085% | $2.2M | $10.5M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,748 | −0.070% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0064% | 1h | 85,771.6 | −0.042% | $365K | $2.3M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,796.7 | −0.013% | $514K | $20.7M | 6.7x | as long as short |
| dYdX BTC-USD | +0.0003% | 1h | 85,751.5 | −0.066% | $16.8M | $20.9M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,810.3 | +0.003% | $36.7M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0020% | 1h | 85,691 | −0.136% | $340K | $26.9M | 52x | as long as short |
| KuCoin XBTUSDTM | +0.0033% | 8h | 85,784.7 | −0.027% | $902.8M | $754.9M | 125x | as long as short |
| Aster BTCUSDT | +0.0035% | 8h | 85,796.6 | −0.013% | $516.9M | $1.14B | 200x | as long as short |
| RISEx BTC/USDC | +0.0044% | 1h | 85,798.5 | −0.011% | $8.2M | $42.1M | 25x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
Perpl BTC
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERP
KuCoin XBTUSDTM
Aster BTCUSDT
RISEx BTC/USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0055% | 8h | 85,790.5 | −0.020% | — | $16.2M | — | as long as short |
| Reya BTCRUSDPERP | +0.0057% | 1h | 85,793 | −0.017% | $6.7M | $146.3M | 40x | as long as short |
| Nado BTC-PERP | +0.0058% | 1h | 85,740 | −0.079% | $22.6M | $227.8M | 50x | as long as short |
| HTX BTC-USDT | +0.0068% | 8h | 85,788.7 | −0.022% | $2.27B | $947.6M | 200x | as long as short |
| Bitget BTCUSDT | +0.0069% | 8h | 85,803.9 | −0.005% | $2.95B | $5.09B | 150x | as long as short |
| ApeX Omni BTCUSDT | +0.0070% | 1h | 85,752.5 | −0.065% | $140.2M | $319.5M | 100x | as long as short |
| Aevo BTC-PERP | +0.0088% | 1h | 85,796 | −0.014% | $2.5M | $1.8M | 20x | as long as short |
| MEXC BTC_USDT | +0.0090% | 8h | 85,799.7 | −0.010% | $5.07B | $5.73B | 500x | as long as short |
| Binance BTCUSDT | +0.0091% | 8h | 85,803.9 | −0.005% | $9.34B | $24.32B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,811.4 | +0.004% | $170.5M | $989.3M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,818.2 | +0.012% | $23.6M | $147.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,785 | −0.027% | $8.4M | $51.9M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,752 | −0.065% | $203K | $7.5M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,744.2 | −0.074% | $3.8M | $8.5M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,842 | +0.040% | $3.76B | $5.01B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,780.3 | −0.032% | $40.3M | $571.4M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,807.2 | −0.001% | $5.31B | $9.74B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,817.2 | +0.011% | $2.54B | $12.38B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,764 | −0.051% | $4.0M | $18.1M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,750.4 | −0.067% | $7.3M | $98.1M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,744.8 | −0.074% | $590.5M | $195.3M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,809.5 | +0.002% | $5.62B | $10.53B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,799.5 | −0.010% | $35.4M | $164.8M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,799.4 | −0.010% | $156.6M | $556.2M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,721 | −0.101% | $278.7M | $938.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,711.6 | −0.112% | $215.2M | $165.9M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,743.8 | −0.075% | $30.3M | $208.5M | 40x | as long as short |
| Vest BTC-PERPshort | +0.0100% | 1h | 85,827.6 | +0.023% | — | $11.8M | 50x | |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,784 | −0.028% | $11.0M | $14.2M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,798.9 | −0.011% | $188K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,803.4 | −0.005% | $2.4M | $9.0M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,843.9 | +0.042% | $186K | $708K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,805.4 | −0.003% | $30.0M | $56.2M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,759.6 | −0.056% | $2.9M | $6.6M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,805 | −0.003% | $60.1M | $337.4M | 40x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,800 | −0.009% | $154.0M | $480.2M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,783.1 | −0.029% | $44.0M | $227.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,774.7 | −0.039% | — | $101.0M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,845 | +0.043% | $131.1M | $5.16B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0136% | 1h | 85,775.8 | −0.038% | $696K | $7.9M | 30x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0146% | 1h | 85,830.9 | +0.027% | $189.0M | $963.2M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0165% | 1h | 85,721.4 | −0.101% | $78K | $219K | 20x | as long as short |
| GMX BTC/USD [WBTC.b-USDC]long | L +0.0203% / S −0.0192% | 1h | 85,808 | long leg | $13.5M | — | 200x | |
| Deribit BTC-PERPETUAL | +0.0209% | 1h | 85,852 | +0.051% | $894.5M | $1.53B | 50x | as long as short |
| Kalshi KXBTCPERP | +0.0210% | 8h | 85,792 | −0.019% | $10.2M | $770.2M | 6.4x | as long as short |
BingX BTC-USDC
Reya BTCRUSDPERP
Nado BTC-PERP
HTX BTC-USDT
Bitget BTCUSDT
ApeX Omni BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
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
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Hibachi BTC/USDT-P
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
Deribit BTC-PERPETUAL
Kalshi KXBTCPERP