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Funding arb · Price arb /

BTC

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.011%
Price spread now: Vest against HTX+0.068%7-day average +0.027% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on HTXShort on Vest
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.008%+$1 on $10k
Price spread, last 3 days (all we have)−0.048%−$5 · spread now +0.068%, 7d avg +0.027%
Together, before fees−0.040%+ Points / potential airdropVest: Active · farm board−$4 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Vest is 0.041% dearer against HTX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.027%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BTC-USDT86,4850.0100pay 0.0100% / 8h5m 01s$2.30B$968.1M200x
ShortVest BTC-PERP86,5440.0100get 0.0013% / 1h5m 01s—$11.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest against HTX. 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: +0.068% → +0.027%
$4.12
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Vest: 1 bp × 2 orders
−$2
Net
−$9.88
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: HTX: live order book, 4 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 HTX live order book, 4 min ago0.01 bp6.0 bp −$66.1 bp −$617.4 bp −$74310.1 bp −$5,069
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
Phoenix BTC−0.0118%1h86,444−0.047%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,486+0.001%$9K$3K50xas long as short
Injective BTC/USDC PERP−0.0035%1h86,345−0.162%$332K$26.9M52xas long as short
RISEx BTC/USDC−0.0024%1h86,507.4+0.026%$8.3M$42.7M25xas long as short
01 Exchange BTCUSD−0.0016%1h86,506.8+0.025%$360K$2.4M50xas long as short
Perpl BTC0.0000%43m86,504.2+0.022%$412K$22.5M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0005%1h86,510.6+0.030%$36.8M—200xas long as short
Aster BTCUSDT+0.0012%8h86,518.7+0.039%$501.8M$1.15B200xas long as short
KuCoin XBTUSDTM+0.0023%8h86,503.6+0.022%$834.3M$728.4M125xas long as short
Reya BTCRUSDPERP+0.0037%1h86,496.4+0.013%$6.7M$145.5M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDC+0.0044%8h86,476.3−0.010%—$15.4M—as long as short
Phemex BTCUSDT+0.0056%8h86,489.6+0.005%$151.6M$478.9M150xas long as short
Bitget BTCUSDT+0.0056%8h86,487.6+0.003%$2.97B$5.12B150xas long as short
dYdX BTC-USD+0.0063%1h86,506.6+0.025%$16.9M$21.2M50xas long as short
Aevo BTC-PERP+0.0072%1h86,488+0.003%$2.5M$1.4M20xas long as short
MEXC BTC_USDT+0.0074%8h86,490+0.006%$5.15B$5.69B500xas long as short
Binance BTCUSDT+0.0075%8h86,529.4+0.051%$9.45B$24.54B150xas long as short
Gate BTC_USDT+0.0081%8h86,483.3−0.002%$5.84B$10.82B200xas long as short
Lighter BTC+0.0096%1h86,499.4+0.017%$169.9M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h86,500.6+0.018%$23.8M$153.2M50xas long as short
Popdex BTCUSDT+0.0096%1h86,495+0.012%$8.5M$52.3M100xas long as short
Bybit BTCUSDT+0.0099%8h86,488.5+0.004%$5.26B$9.79B150xas long as short
Katana Perps BTC-USD+0.0100%8h86,478−0.008%$196K$7.1M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,529.5+0.052%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,512.9+0.032%$21.7M$233.8M50xas long as short
Hyperliquid BTC+0.0100%1h86,566+0.094%$3.80B$5.10B40xas long as short
Pacifica BTC+0.0100%1h86,525.9+0.047%$41.1M$538.1M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,498.8+0.016%$2.55B$12.74B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,502+0.020%$3.9M$18.4M25xas long as short
Arcus BTC-USD+0.0100%1h86,524.8+0.046%$7.2M$96.2M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,483.4−0.002%$38.0M$155.9M75xas long as short
Variational Omni BTC+0.0100%8h86,474−0.013%$157.6M$567.5M—as long as short
edgeX BTCUSDC+0.0100%4h86,494.6+0.011%$279.4M$947.7M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,461.1−0.028%$217.1M$172.4M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,505.5+0.024%$141.8M$323.3M100xas long as short
StandX BTC-USD+0.0100%1h86,504+0.022%$30.7M$207.1M40xas long as short
Vest BTC-PERPshort+0.0100%1h86,544+0.068%—$11.9M50x
Polymarket Perps BTC-USD+0.0100%1h86,493+0.009%$11.1M$13.9M50xas long as short
Bullet BTC-USD+0.0100%1h86,495.3+0.012%$192K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,490.1+0.006%$2.5M$9.3M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,530.9+0.053%$141K$663K40xas long as short
Derive BTC-PERP+0.0100%1h86,525.8+0.047%$30.5M$62.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,490+0.006%$3.4M$5.3M100xas long as short
SoDEX BTC-USD+0.0100%1h86,491+0.007%$60.5M$338.1M40xas long as short
HTX BTC-USDTlong+0.0100%8h86,485long leg$2.30B$968.1M200x
Bulk BTC-USD+0.0100%1h86,452.9−0.037%$572.2M$12.3M40xas long as short
Extended BTC-USD+0.0104%1h86,479.5−0.006%$45.8M$225.1M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,525.5+0.047%—$100.0M500xas long as short
Kraken Futures PF_XBTUSD+0.0110%1h86,516.9+0.037%$193.0M$952.9M100xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,528.9+0.051%$132.1M$5.63B50xas long as short
Aftermath Perps BTCUSD+0.0160%1h86,510.1+0.029%$78K$219K20xas long as short
Hibachi BTC/USDT-P+0.0184%1h86,528.1+0.050%$717K$8.1M30xas long as short
BloFin BTC-USDT+0.0195%8h86,487.6+0.003%$415.0M$659.1M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0200% / S −0.0224%1h86,505.9+0.024%$15.0M—200xas long as short
Kalshi KXBTCPERP+0.0208%8h86,532+0.054%$10.2M$754.0M6.4xas long as short
Deribit BTC-PERPETUAL+0.0247%1h86,541+0.065%$912.9M$1.49B50xas long as short