Funding you earn now, next payment 04:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.23 per $10,000 · paid last 24h +0.054%
Price spread now: Vest against Hotstuff+0.066%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHotstuff: Active · Vest: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Vest is 0.066% dearer against Hotstuff than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff BTC-PERP | 85,619 | −0.0080 | get 0.0010% / 1h | 52m 08s | $8K | $3K | 50x |
| Short | Vest BTC-PERP | 85,675.9 | 0.0100 | get 0.0013% / 1h | 52m 08s | — | $11.8M | 50x |
Hotstuff BTC-PERP
Vest BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest against Hotstuff. 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
- $37.8
- Price spread: +0.066% → 0.000%
- $6.64
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- $37.44
- Costs to cover
- 0.070%
- Break-even
- 0.1 days
Slippage unknown: Hotstuff: 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 Hotstuff no order-book sample | — | — | — | — | — |
| Sell Vest no order-book sample | — | — | — | — | — |
Hotstuff 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 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.2290% | 1h | 85,643.2 | +0.028% | $194K | $725K | 40x | as long as short |
| Phoenix BTC | −0.0179% | 1h | 85,659 | +0.047% | $2.2M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERPlong | −0.0080% | 1h | 85,619 | long leg | $8K | $3K | 50x | |
| 01 Exchange BTCUSD | −0.0048% | 1h | 85,606.5 | −0.015% | $370K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0031% | 8h | 85,654.4 | +0.041% | $418.0M | $665.8M | 150x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,669.4 | +0.059% | $16.7M | $21.2M | 50x | as long as short |
| KuCoin XBTUSDTM | 0.0000% | 8h | 85,585 | −0.040% | $919.4M | $749.3M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,613.2 | −0.007% | $36.6M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0016% | 8h | 85,609.5 | −0.011% | $516.0M | $1.10B | 200x | as long as short |
| Arcus BTC-USD | +0.0021% | 1h | 85,585.8 | −0.039% | $6.9M | $97.1M | 40x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
01 Exchange BTCUSD
BloFin BTC-USDT
dYdX BTC-USD
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
Arcus BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado BTC-PERP | +0.0056% | 1h | 85,603.6 | −0.018% | $22.5M | $218.8M | 50x | as long as short |
| BingX BTC-USDC | +0.0058% | 8h | 85,585.7 | −0.039% | — | $17.1M | — | as long as short |
| ApeX Omni BTCUSDT | +0.0059% | 1h | 85,584.6 | −0.040% | $139.9M | $315.1M | 100x | as long as short |
| Bitget BTCUSDT | +0.0074% | 8h | 85,599.4 | −0.023% | $2.96B | $5.01B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0077% | 1h | 85,608.9 | −0.012% | $6.7M | $146.6M | 40x | as long as short |
| SoDEX BTC-USD | +0.0083% | 1h | 85,594 | −0.029% | $60.0M | $336.1M | 40x | as long as short |
| MEXC BTC_USDT | +0.0088% | 8h | 85,595.9 | −0.027% | $5.05B | $5.57B | 500x | as long as short |
| Aevo BTC-PERP | +0.0088% | 1h | 85,595.2 | −0.028% | $2.5M | $1.7M | 20x | as long as short |
| Binance BTCUSDT | +0.0089% | 8h | 85,595.8 | −0.027% | $9.34B | $23.96B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,609.7 | −0.011% | $174.0M | $1.00B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,607.4 | −0.014% | $23.8M | $148.1M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,604 | −0.018% | $8.4M | $52.5M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,662.8 | +0.051% | $3.8M | $8.3M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,587 | −0.037% | $235K | $7.9M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,672 | +0.062% | $3.74B | $4.96B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,655.6 | +0.043% | $40.1M | $576.9M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,600 | −0.022% | $5.32B | $9.57B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,602.9 | −0.019% | $2.57B | $12.09B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,600 | −0.022% | $3.9M | $18.0M | 25x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,696.6 | +0.091% | $648.3M | $574.6M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,613.7 | −0.006% | $5.54B | $10.54B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,585.5 | −0.039% | $36.0M | $175.8M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,690.1 | +0.083% | $156.8M | $560.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,664.8 | +0.053% | $279.8M | $917.5M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,627.1 | +0.009% | $215.0M | $164.8M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,646.5 | +0.032% | $30.3M | $207.7M | 40x | as long as short |
| Vest BTC-PERPshort | +0.0100% | 1h | 85,675.9 | +0.066% | — | $11.8M | 50x | |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,609 | −0.012% | $11.0M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,607 | −0.014% | $195K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,594 | −0.029% | $2.4M | $8.7M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,600.4 | −0.022% | $30.0M | $51.1M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,588.5 | −0.036% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,600.1 | −0.022% | $2.27B | $938.0M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,598 | −0.025% | $150.8M | $482.6M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,576.8 | −0.049% | $44.5M | $226.2M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,658.7 | +0.046% | — | $106.5M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,647.4 | +0.033% | $117.5M | $5.14B | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0150% | 1h | 85,724 | +0.123% | $340K | $26.9M | 52x | as long as short |
| Deribit BTC-PERPETUAL | +0.0152% | 1h | 85,644.2 | +0.029% | $892.8M | $1.53B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0170% | 1h | 85,612.4 | −0.008% | $189.0M | $951.7M | 100x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0177% / S −0.0151% | 1h | 85,612.4 | −0.008% | $13.4M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0184% | 1h | 85,684.7 | +0.077% | $700K | $7.9M | 30x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 85,632.7 | +0.016% | $8.4M | $42.3M | 25x | as long as short |
| Aftermath Perps BTCUSD | +0.0202% | 1h | 85,687.6 | +0.080% | $78K | $219K | 20x | as long as short |
| Kalshi KXBTCPERP | +0.0219% | 8h | 85,652 | +0.039% | $10.7M | $758.8M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,627 | +0.009% | $492K | $18.9M | 6.7x | as long as short |
Nado BTC-PERP
BingX BTC-USDC
ApeX Omni BTCUSDT
Bitget BTCUSDT
Reya BTCRUSDPERP
SoDEX BTC-USD
MEXC BTC_USDT
Aevo BTC-PERP
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
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
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Injective BTC/USDC PERP
Deribit BTC-PERPETUAL
Kraken Futures PF_XBTUSD
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
RISEx BTC/USDC
Aftermath Perps BTCUSD
Kalshi KXBTCPERP
Perpl BTC