Funding you earn now, next payment 11:00 UTC−0.0058%/8h= −6.4% APRpaid last 24h +0.008%
Price spread now: Vest against Kalshi+0.005%7-day average +0.013% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.014%+$1 on $10k
+Price spread, last 7 days−0.020%−$2 · spread now +0.005%, 7d avg +0.013%
=Together, before fees−0.007%+ Points / potential airdropVest: Active · farm board−$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.013%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXBTCPERP | 85,820 | 0.0158 | pay 0.0158% / 8h | 1h 27m | $12.0M | $738.0M | 6.4x |
| Short | Vest BTC-PERP | 85,824.1 | 0.0100 | get 0.0013% / 1h | 27m 27s | — | $10.0M | 50x |
Kalshi KXBTCPERP
Vest BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest against Kalshi. 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
- −$12.27
- Price spread: +0.005% → +0.013%
- −$0.84
- Slippage, 4 orders
- no order book: not counted
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$25.11
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Kalshi: live order book, 5 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Kalshi live order book, 5 min ago | 0.12 bp | 5.3 bp −$5 | 6.7 bp −$67 | 7.5 bp −$751 | 13.3 bp −$6,643 |
| 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 55 exchanges
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 | −0.0133% | 1h | 85,793 | −0.031% | $2.0M | $7.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,110 | +0.338% | $8K | $2K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0048% | 1h | 85,777.9 | −0.049% | $366K | $2.0M | 50x | as long as short |
| SoDEX BTC-USD | −0.0043% | 1h | 85,782 | −0.044% | $65.7M | $187.8M | 40x | as long as short |
| BloFin BTC-USDT | −0.0034% | 8h | 85,814.7 | −0.006% | $422.1M | $553.5M | 150x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,816.1 | −0.005% | $16.8M | $13.9M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,783.5 | −0.043% | $470K | $13.5M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,797 | −0.027% | $36.7M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0009% | 1h | 85,854 | +0.040% | $300K | $27.7M | 52x | as long as short |
| Aster BTCUSDT | +0.0017% | 8h | 85,760 | −0.070% | $510.9M | $867.4M | 200x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
SoDEX BTC-USD
BloFin BTC-USDT
dYdX BTC-USD
Perpl BTC
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERP
Aster BTCUSDTShow all 55 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex BTCUSDT | +0.0024% | 1h | 85,777 | −0.050% | $8.5M | $45.5M | 100x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0030% | 1h | 85,787.3 | −0.038% | $192.3M | $757.1M | 100x | as long as short |
| BingX BTC-USDT | +0.0034% | 8h | 85,768.5 | −0.060% | — | $1.32B | — | as long as short |
| Bybit BTCUSDT | +0.0042% | 8h | 85,767.8 | −0.061% | $5.12B | $8.08B | 150x | as long as short |
| KuCoin XBTUSDTM | +0.0052% | 8h | 85,766.6 | −0.062% | $933.8M | $638.5M | 125x | as long as short |
| Gate BTC_USDT | +0.0062% | 8h | 85,771.6 | −0.056% | $5.50B | $8.97B | 200x | as long as short |
| HTX BTC-USDT | +0.0075% | 8h | 85,764.7 | −0.064% | $2.27B | $797.9M | 200x | as long as short |
| Phemex BTCUSDT | +0.0076% | 8h | 85,776.4 | −0.051% | $169.0M | $476.5M | 150x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,751.2 | −0.080% | $2.4M | $6.8M | 20x | as long as short |
| Bullet BTC-USD | +0.0083% | 1h | 85,767.9 | −0.061% | $210K | $3.2M | 20x | as long as short |
| MEXC BTC_USDT | +0.0084% | 8h | 85,761.4 | −0.068% | $5.15B | $4.87B | 500x | as long as short |
| Binance BTCUSDT | +0.0084% | 8h | 85,760.5 | −0.069% | $9.40B | $20.40B | 150x | as long as short |
| ApeX Omni BTCUSDT | +0.0087% | 1h | 85,826.9 | +0.008% | $137.9M | $288.9M | 100x | as long as short |
| Bitget BTCUSDT | +0.0088% | 8h | 85,768.6 | −0.060% | $2.98B | $3.93B | 150x | as long as short |
| Bluefin BTC-PERP | +0.0091% | 1h | 85,809.9 | −0.012% | $194K | $556K | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,785.4 | −0.040% | $172.5M | $863.7M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,785 | −0.041% | $23.6M | $120.7M | 50x | as long as short |
| GRVT BTC_USDT_Perp | +0.0097% | 8h | 85,848.6 | +0.033% | $215.7M | $134.0M | 50x | as long as short |
| Nado BTC-PERP | +0.0098% | 1h | 85,771.7 | −0.056% | $23.5M | $192.8M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,747 | −0.085% | $216K | $8.0M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,783.8 | −0.042% | $6.0M | $7.3M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,802 | −0.021% | $40.0M | $569.9M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,773.9 | −0.054% | $2.62B | $9.38B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,755 | −0.076% | $3.9M | $14.9M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,788 | −0.037% | $4.8M | $91.2M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,764.7 | −0.064% | $37.8M | $195.1M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,827.8 | +0.009% | $157.4M | $475.6M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,801.8 | −0.021% | $289.1M | $748.6M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,823.3 | +0.004% | $30.2M | $225.0M | 40x | as long as short |
| Vest BTC-PERPshort | +0.0100% | 1h | 85,824.1 | +0.005% | — | $10.0M | 50x | |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,771 | −0.057% | $11.1M | $11.9M | 50x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,753.9 | −0.077% | $2.6M | $8.9M | 100x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,778 | −0.049% | $3.3M | $6.7M | 100x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,956.9 | +0.159% | $714.6M | $116.2M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,725.3 | −0.110% | $47.2M | $193.5M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,794.1 | −0.030% | — | $80.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 85,823.1 | +0.004% | $112.0M | $4.93B | 50x | as long as short |
| Hyperliquid BTC | +0.0150% | 1h | 85,864 | +0.051% | $3.94B | $4.29B | 40x | as long as short |
| Kalshi KXBTCPERPlong | +0.0158% | 8h | 85,820 | long leg | $12.0M | $738.0M | 6.4x | |
| Reya BTCRUSDPERP | +0.0167% | 1h | 85,753.6 | −0.077% | $6.6M | $131.1M | 40x | as long as short |
| RISEx BTC/USDC | +0.0187% | 1h | 85,791.5 | −0.033% | $8.9M | $36.3M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0212% / S −0.0254% | 1h | 85,838.7 | +0.022% | $15.6M | — | 200x | as long as short |
| Deribit BTC-PERPETUAL | +0.0235% | 1h | 85,837.5 | +0.020% | $819.8M | $1.51B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0328% | 1h | 85,874.6 | +0.064% | $712K | $6.7M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0416% | 1h | 85,871.4 | +0.060% | $79K | $241K | 20x | as long as short |
Popdex BTCUSDT
Kraken Futures PF_XBTUSD
BingX BTC-USDT
Bybit BTCUSDT
KuCoin XBTUSDTM
Gate BTC_USDT
HTX BTC-USDT
Phemex BTCUSDT
Aevo BTC-PERP
Bullet BTC-USD
MEXC BTC_USDT
Binance BTCUSDT
ApeX Omni BTCUSDT
Bitget BTCUSDT
Bluefin BTC-PERP
Lighter BTC
Lighter RH BTC
GRVT BTC_USDT_Perp
Nado BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
StandX BTC-USD
Polymarket Perps BTC-USD
Orderly PERP_BTC_USDC
SunX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Hyperliquid BTC
Reya BTCRUSDPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Deribit BTC-PERPETUAL
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD