Funding arb · Price arb /

BTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.007%

Price spread now: Vest against MEXC+0.139%49s7-day average +0.010% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.021%−$2 on $10k

Price spread, last 7 days−0.139%−$14 · spread now +0.139%, 7d avg +0.010%

Together, before fees−0.160%+ Points / potential airdropVest: Active · farm board−$16 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 0.129% dearer against MEXC than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.010%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BTC_USDT	85,919.5	0.0100	pay 0.0100% / 8h	6h 20m	$5.14B	$5.38B	500x
Short	Vest BTC-PERP	86,039	0.0100	get 0.0013% / 1h	20m 38s	—	$10.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against MEXC. 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

Position, each leg$Hold fordaysFee MEXCbpFee VestbpOrdersPrice spread, now +0.139%Rate

Funding earned: $0
Price spread: +0.139% → +0.010%: $12.91
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Vest: 1 bp × 2 orders: −$2
Net: $6.91
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: MEXC: 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 MEXC live order book, 2 min ago	0.01 bp	2.0 bp −$2	2.0 bp −$20	2.0 bp −$201	2.1 bp −$1,075
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
ApeX Omni BTCUSDT	−0.0099%	1h	85,916	−0.004%	$137.3M	$297.5M	100x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,937	+0.020%	$8K	$2K	50x	as long as short
01 Exchange BTCUSD	−0.0072%	1h	85,951	+0.037%	$357K	$2.0M	50x	as long as short
Injective BTC/USDC PERP	−0.0065%	1h	85,986	+0.077%	$300K	$28.5M	52x	as long as short
BloFin BTC-USDT	−0.0020%	8h	85,924.8	+0.006%	$422.4M	$579.8M	150x	as long as short
dYdX BTC-USD	0.0000%	1h	86,011.6	+0.107%	$16.9M	$15.1M	50x	as long as short
Perpl BTC	0.0000%	43m	85,978.3	+0.068%	$481K	$14.5M	6.7x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,946.4	+0.031%	$36.7M	—	200x	as long as short
SoDEX BTC-USD	+0.0011%	1h	85,930	+0.012%	$65.4M	$207.5M	40x	as long as short
BingX BTC-USDT	+0.0019%	8h	85,934.4	+0.017%	—	$1.40B	—	as long as short

Show all 55 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit BTCUSDT	+0.0025%	8h	85,949.6	+0.035%	$5.09B	$8.43B	150x	as long as short
Aster BTCUSDT	+0.0036%	8h	85,948.8	+0.034%	$511.8M	$910.8M	200x	as long as short
KuCoin XBTUSDTM	+0.0040%	8h	85,924.7	+0.006%	$927.7M	$656.8M	125x	as long as short
Phoenix BTC	+0.0053%	1h	85,868	−0.060%	$2.0M	$8.5M	40x	as long as short
Gate BTC_USDT	+0.0068%	8h	85,934.4	+0.017%	$5.50B	$9.27B	200x	as long as short
Nado BTC-PERP	+0.0075%	1h	85,970.5	+0.059%	$22.0M	$204.2M	50x	as long as short
Lighter BTC	+0.0096%	1h	85,937.7	+0.021%	$172.7M	$887.3M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,939	+0.023%	$23.0M	$124.6M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,953	+0.039%	$8.8M	$47.4M	100x	as long as short
Aevo BTC-PERP	+0.0096%	1h	85,928.3	+0.010%	$2.4M	$6.7M	20x	as long as short
Bitget BTCUSDT	+0.0099%	8h	85,933.6	+0.016%	$2.97B	$4.13B	150x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,932	+0.015%	$209K	$8.0M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,958.1	+0.045%	$5.9M	$8.0M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,017	+0.113%	$3.93B	$4.46B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,963.6	+0.051%	$40.3M	$581.9M	50x	as long as short
Binance BTCUSDT	+0.0100%	8h	85,949.5	+0.035%	$9.44B	$21.45B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,956.6	+0.043%	$2.60B	$9.83B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,919	−0.001%	$4.0M	$15.6M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,977.5	+0.068%	$4.2M	$91.7M	40x	as long as short
MEXC BTC_USDTlong	+0.0100%	8h	85,919.5	long leg	$5.14B	$5.38B	500x
Backpack BTC_USDC_PERP	+0.0100%	1h	85,929.5	+0.012%	$37.3M	$192.6M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,913	−0.008%	$156.0M	$495.1M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,857.1	−0.073%	$289.1M	$848.9M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,890.1	−0.034%	$215.7M	$139.9M	50x	as long as short
StandX BTC-USD	+0.0100%	1h	85,993.5	+0.086%	$30.2M	$221.1M	40x	as long as short
Vest BTC-PERPshort	+0.0100%	1h	86,039	+0.139%	—	$10.6M	50x
Polymarket Perps BTC-USD	+0.0100%	1h	85,976	+0.066%	$11.0M	$12.7M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,935	+0.018%	$202K	$3.2M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,927.4	+0.009%	$2.6M	$8.9M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,969.1	+0.058%	$195K	$570K	40x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,938.3	+0.022%	$3.2M	$7.1M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,925.1	+0.007%	$2.27B	$844.1M	200x	as long as short
Phemex BTCUSDT	+0.0100%	8h	85,924.9	+0.006%	$169.2M	$484.6M	150x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,914.7	−0.006%	$712.8M	$159.6M	40x	as long as short
Kraken Futures PF_XBTUSD	+0.0102%	1h	85,952.5	+0.038%	$189.7M	$808.8M	100x	as long as short
Extended BTC-USD	+0.0104%	1h	85,908	−0.013%	$46.9M	$207.3M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,992.2	+0.085%	—	$83.9M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0120%	1h	85,980	+0.070%	$112.0M	$5.05B	50x	as long as short
Reya BTCRUSDPERP	+0.0160%	1h	85,988.9	+0.081%	$6.6M	$131.5M	40x	as long as short
Kalshi KXBTCPERP	+0.0165%	8h	85,985	+0.076%	$11.2M	$732.6M	6.4x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0199% / S −0.0183%	1h	85,943.4	+0.028%	$13.2M	—	200x	as long as short
RISEx BTC/USDC	+0.0204%	1h	85,975.4	+0.065%	$8.9M	$38.7M	25x	as long as short
Deribit BTC-PERPETUAL	+0.0280%	1h	85,992	+0.084%	$827.8M	$1.55B	50x	as long as short
Hibachi BTC/USDT-P	+0.0304%	1h	86,051.1	+0.153%	$709K	$7.1M	30x	as long as short
Aftermath Perps BTCUSD	+0.0421%	1h	85,958.1	+0.045%	$79K	$247K	20x	as long as short