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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRnext payment $0.00 per $10,000 · paid last 24h −0.003%
Price spread now: Vest against Jupiter Perps+0.024%7-day average 0.000% · 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)−0.039%−$4 on $10k
Price spread, last 3 days (all we have)−0.035%−$3 · spread now +0.024%, 7d avg 0.000%
Together, before fees−0.074%+ Points / potential airdropVest: Active · farm board−$7 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 0.024% dearer against Jupiter Perps than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of 0.000%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongJupiter Perps WBTC-PERP86,673.1L +0.0104% / S +0.0048%pay 0.0013% / 1h38m 44s$98.3M500x
ShortVest BTC-PERP86,694.10.0100get 0.0013% / 1h38m 44s$11.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest against Jupiter Perps. 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
−$0.84
Price spread: +0.024% → 0.000%
$2.4
Slippage, 4 orders
no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Fee Vest: 1 bp × 2 orders
−$2
Net
−$12.44
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Jupiter Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy Jupiter Perps no order-book sample
Sell Vest no order-book sample
Jupiter Perps 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin BTC-PERP−0.0874%1h86,654.1−0.022%$141K$618K40xas long as short
Aftermath Perps BTCUSD−0.0163%1h86,650.5−0.026%$83K$206K20xas long as short
Phoenix BTC−0.0159%1h86,688+0.017%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,631−0.049%$9K$3K50xas long as short
dYdX BTC-USD−0.0011%1h86,628.7−0.051%$17.5M$20.3M50xas long as short
01 Exchange BTCUSD−0.0008%1h86,651−0.026%$359K$2.4M50xas long as short
Aster BTCUSDT−0.0007%8h86,631−0.049%$505.5M$1.15B200xas long as short
Perpl BTC0.0000%43m86,669.8−0.004%$419K$23.9M6.7xas long as short
KuCoin XBTUSDTM+0.0001%8h86,629.4−0.050%$852.1M$707.5M125xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,657.7−0.018%$36.9M200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit BTC-PERPETUAL+0.0005%1h86,672.4−0.001%$925.6M$1.47B50xas long as short
RISEx BTC/USDC+0.0006%1h86,632.4−0.047%$8.6M$43.2M25xas long as short
Reya BTCRUSDPERP+0.0022%1h86,631.6−0.048%$6.7M$144.8M40xas long as short
Phemex BTCUSDT+0.0023%8h86,634.4−0.045%$150.1M$473.5M150xas long as short
Injective BTC/USDC PERP+0.0024%1h86,559−0.132%$315K$26.8M52xas long as short
BingX BTC-USDT+0.0032%8h86,637.9−0.041%$1.59Bas long as short
Hibachi BTC/USDT-P+0.0032%1h86,713.3+0.046%$733K$8.2M30xas long as short
Bitget BTCUSDT+0.0042%8h86,606.1−0.077%$2.96B$5.07B150xas long as short
MEXC BTC_USDT+0.0061%8h86,619−0.062%$5.19B$5.64B500xas long as short
Binance BTCUSDT+0.0061%8h86,619.6−0.062%$9.43B$24.31B150xas long as short
Aevo BTC-PERP+0.0064%1h86,625.1−0.055%$2.4M$1.3M20xas long as short
Gate BTC_USDT+0.0080%8h86,634.9−0.044%$5.86B$10.64B200xas long as short
Bybit BTCUSDT+0.0090%8h86,625.5−0.055%$5.28B$9.69B150xas long as short
Lighter BTC+0.0096%1h86,628.3−0.052%$172.1M$1.00B50xas long as short
Lighter RH BTC+0.0096%1h86,628.5−0.052%$24.1M$151.8M50xas long as short
Popdex BTCUSDT+0.0096%1h86,630−0.050%$8.5M$52.2M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,616−0.066%$206K$6.9M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,659.7−0.016%$4.8M$8.4M50xas long as short
Nado BTC-PERP+0.0100%1h86,652.4−0.024%$21.8M$233.3M50xas long as short
Hyperliquid BTC+0.0100%1h86,705+0.037%$3.82B$5.08B40xas long as short
Pacifica BTC+0.0100%1h86,650−0.027%$41.1M$505.2M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,628.8−0.051%$2.55B$12.69B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,632−0.047%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,701.4+0.033%$7.4M$93.8M40xas long as short
Bulk BTC-USD+0.0100%1h86,703.1+0.035%$573.0M$18.8M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,633.8−0.045%$38.4M$153.2M75xas long as short
Variational Omni BTC+0.0100%8h86,696.3+0.027%$156.8M$565.9Mas long as short
edgeX BTCUSDC+0.0100%4h86,683.8+0.012%$280.1M$943.6M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,681.9+0.010%$217.5M$175.1M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,693.4+0.023%$141.7M$323.1M100xas long as short
StandX BTC-USD+0.0100%1h86,679.7+0.008%$30.8M$203.3M40xas long as short
Vest BTC-PERPshort+0.0100%1h86,694.1+0.024%$11.6M50x
Polymarket Perps BTC-USD+0.0100%1h86,635−0.044%$11.1M$13.6M50xas long as short
Bullet BTC-USD+0.0100%1h86,634.2−0.045%$193K$3.4M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,639.4−0.039%$2.5M$8.6M100xas long as short
Derive BTC-PERP+0.0100%1h86,633.7−0.046%$30.0M$61.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,629.4−0.050%$3.4M$5.4M100xas long as short
SoDEX BTC-USD+0.0100%1h86,634−0.045%$60.5M$337.0M40xas long as short
HTX BTC-USDT+0.0100%8h86,630.5−0.049%$2.30B$964.0M200xas long as short
Extended BTC-USD+0.0104%1h86,630.3−0.049%$46.3M$225.1M50xas long as short
Jupiter Perps WBTC-PERPlongL +0.0104% / S +0.0048%1h86,673.1long leg$98.3M500x
Coinbase International BTC-PERP-INTX+0.0112%1h86,686+0.015%$131.7M$5.72B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,675.7+0.003%$191.8M$936.8M100xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0180% / S −0.0208%1h86,647.2−0.030%$15.1M200xas long as short
BloFin BTC-USDT+0.0181%8h86,634.4−0.045%$415.3M$652.1M150xas long as short
Kalshi KXBTCPERP+0.0193%8h86,676+0.003%$9.6M$727.5M6.4xas long as short