Funding you earn now, next payment 04:00 UTC−0.0070%/8h= −7.7% APRnext payment −$0.09 per $10,000 · paid last 24h +0.006%
Price spread now: Vest against Kraken Futures+0.152%7-day average −0.004% · 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)+0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.146%−$15 · spread now +0.152%, 7d avg −0.004%
=Together, before fees−0.145%+ Points / potential airdropVest: Active · farm board−$14 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Vest is 0.156% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.152% now, against its 7-day average of −0.004%): +$16 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_XBTUSD | 85,430.3 | 0.0170 | pay 0.0021% / 1h | 42m 36s | $188.6M | $953.6M | 100x |
| Short | Vest BTC-PERP | 85,560.5 | 0.0100 | get 0.0013% / 1h | 42m 36s | — | $11.8M | 50x |
Kraken Futures PF_XBTUSD
Vest BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest against Kraken Futures. 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
- −$14.79
- Price spread: +0.152% → −0.004%
- $15.61
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$11.17
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Kraken Futures: live order book, 2 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 Kraken Futures live order book, 2 min ago | 0.06 bp | 5.1 bp −$5 | 6.2 bp −$62 | 7.1 bp −$710 | 9.2 bp −$4,622 |
| 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.0590% | 1h | 85,453.7 | +0.027% | $206K | $738K | 40x | as long as short |
| Phoenix BTC | −0.0179% | 1h | 85,410 | −0.024% | $2.2M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,426 | −0.005% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0048% | 1h | 85,409.1 | −0.025% | $365K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0031% | 8h | 85,441.9 | +0.014% | $416.7M | $665.2M | 150x | as long as short |
| KuCoin XBTUSDTM | −0.0005% | 8h | 85,389.6 | −0.048% | $918.1M | $750.5M | 125x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,433.8 | +0.004% | $16.7M | $21.2M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 85,470.1 | +0.047% | $36.5M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0013% | 8h | 85,400.6 | −0.035% | $514.6M | $1.10B | 200x | as long as short |
| Arcus BTC-USD | +0.0021% | 1h | 85,394.1 | −0.042% | $6.9M | $97.2M | 40x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
KuCoin XBTUSDTM
dYdX BTC-USD
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 | +0.0054% | 1h | 85,548 | +0.138% | $22.6M | $219.3M | 50x | as long as short |
| BingX BTC-USDT | +0.0060% | 8h | 85,411.8 | −0.022% | — | $1.54B | — | as long as short |
| Bitget BTCUSDT | +0.0075% | 8h | 85,401.8 | −0.033% | $2.96B | $5.02B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0078% | 1h | 85,445.6 | +0.018% | $6.7M | $146.6M | 40x | as long as short |
| MEXC BTC_USDT | +0.0088% | 8h | 85,432.2 | +0.002% | $5.04B | $5.59B | 500x | as long as short |
| Aevo BTC-PERP | +0.0088% | 1h | 85,411.7 | −0.022% | $2.4M | $1.7M | 20x | as long as short |
| Binance BTCUSDT | +0.0090% | 8h | 85,402.1 | −0.033% | $9.34B | $24.04B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,417.9 | −0.015% | $173.2M | $1.00B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,421.8 | −0.010% | $23.8M | $148.4M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,402 | −0.033% | $8.4M | $52.7M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,385 | −0.053% | $230K | $8.0M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,479.4 | +0.057% | $4.1M | $8.5M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,485 | +0.064% | $3.74B | $4.98B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,446.1 | +0.019% | $40.0M | $575.8M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,400.4 | −0.035% | $5.24B | $9.68B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,413.3 | −0.020% | $2.57B | $12.08B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,392 | −0.045% | $3.9M | $18.0M | 25x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,418.6 | −0.014% | $5.53B | $10.60B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,389.3 | −0.048% | $35.7M | $176.0M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,466.8 | +0.043% | $153.8M | $563.2M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,507.5 | +0.090% | $279.3M | $919.2M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,511.2 | +0.095% | $214.7M | $168.5M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,522.5 | +0.108% | $139.9M | $314.9M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,500.4 | +0.082% | $30.2M | $207.5M | 40x | as long as short |
| Vest BTC-PERPshort | +0.0100% | 1h | 85,560.5 | +0.152% | — | $11.8M | 50x | |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,500 | +0.082% | $11.0M | $14.2M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,459 | +0.034% | $194K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,426.3 | −0.005% | $2.3M | $8.7M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,417.1 | −0.015% | $29.9M | $50.9M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,537.2 | +0.125% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,414 | −0.019% | $59.9M | $336.1M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,416.6 | −0.016% | $2.26B | $940.3M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,421.9 | −0.010% | $150.1M | $483.8M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,513.6 | +0.097% | $649.6M | $594.9M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,382.3 | −0.056% | $44.5M | $226.5M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,567 | +0.160% | — | $106.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,453.9 | +0.028% | $117.0M | $5.15B | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0113% | 1h | 85,458.6 | +0.033% | $893.7M | $1.53B | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0150% | 1h | 85,539 | +0.127% | $340K | $26.9M | 52x | as long as short |
| Kraken Futures PF_XBTUSDlong | +0.0170% | 1h | 85,430.3 | long leg | $188.6M | $953.6M | 100x | |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0150% | 1h | 85,471.3 | +0.048% | $13.4M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0192% | 1h | 85,602.5 | +0.202% | $695K | $7.9M | 30x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 85,436.5 | +0.007% | $8.3M | $42.4M | 25x | as long as short |
| Aftermath Perps BTCUSD | +0.0204% | 1h | 85,564.9 | +0.158% | $78K | $219K | 20x | as long as short |
| Kalshi KXBTCPERP | +0.0217% | 8h | 85,505 | +0.087% | $10.5M | $758.8M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,518.6 | +0.103% | $498K | $18.9M | 6.7x | as long as short |
Nado BTC-PERP
BingX BTC-USDT
Bitget BTCUSDT
Reya BTCRUSDPERP
MEXC BTC_USDT
Aevo BTC-PERP
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
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Deribit BTC-PERPETUAL
Injective BTC/USDC PERP
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
RISEx BTC/USDC
Aftermath Perps BTCUSD
Kalshi KXBTCPERP
Perpl BTC