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

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Vest against Nado−0.006%7-day average 0.000% · you buy dearer than you sell
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)−0.037%−$4 on $10k
Price spread, last 7 days+0.006%+$1 · spread now −0.006%, 7d avg 0.000%
Together, before fees−0.030%+ Points / potential airdropNado: Active · Vest: Active · farm board−$3 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado BTC-PERP86,268.60.0100pay 0.0012% / 1h10m 34s$22.1M$225.3M50x
ShortVest BTC-PERP86,263.60.0100get 0.0013% / 1h10m 34s$11.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest against Nado. 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: −0.006% → 0.000%
−$0.62
Slippage, 4 orders
no order book: not counted
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Vest: 1 bp × 2 orders
−$2
Net
−$9.62
Costs to cover
0.090%
Break-even
988407356183149.9 days
Slippage unknown: Nado: 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 Nado live order book, 4 min ago0.06 bp3.6 bp −$43.6 bp −$364.8 bp −$48011.2 bp −$5,614
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−0.0129%1h86,372+0.120%$2.2M$11.2M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,248−0.024%$9K$3K50xas long as short
01 Exchange BTCUSD−0.0040%1h86,223.8−0.052%$364K$2.3M50xas long as short
Perpl BTC0.0000%43m86,230.2−0.044%$569K$21.3M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h86,240.9−0.032%$36.9M200xas long as short
Bluefin BTC-PERP+0.0008%1h86,243−0.030%$144K$667K40xas long as short
Injective BTC/USDC PERP+0.0023%1h86,365+0.112%$343K$26.9M52xas long as short
dYdX BTC-USD+0.0026%1h86,264.4−0.005%$16.9M$20.5M50xas long as short
Aster BTCUSDT+0.0032%8h86,249.3−0.022%$500.0M$1.13B200xas long as short
KuCoin XBTUSDTM+0.0045%8h86,268.80.000%$830.3M$714.9M125xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0049%1h86,211.1−0.067%$6.7M$145.8M40xas long as short
BingX BTC-USDT+0.0052%8h86,226.9−0.048%$1.58Bas long as short
RISEx BTC/USDC+0.0052%1h86,237.4−0.036%$8.2M$42.4M25xas long as short
Bitget BTCUSDT+0.0066%8h86,216−0.061%$2.97B$5.04B150xas long as short
SoDEX BTC-USD+0.0077%1h86,211−0.067%$60.4M$338.2M40xas long as short
Aevo BTC-PERP+0.0080%1h86,214.7−0.062%$2.5M$1.8M20xas long as short
MEXC BTC_USDT+0.0084%8h86,213.3−0.064%$5.11B$5.75B500xas long as short
Binance BTCUSDT+0.0084%8h86,238.8−0.035%$9.39B$24.18B150xas long as short
Gate BTC_USDT+0.0093%8h86,249.9−0.022%$5.76B$10.63B200xas long as short
HTX BTC-USDT+0.0094%8h86,204.2−0.075%$2.29B$957.3M200xas long as short
Lighter BTC+0.0096%1h86,283.2+0.017%$170.3M$992.8M50xas long as short
Lighter RH BTC+0.0096%1h86,285.7+0.020%$23.6M$152.0M50xas long as short
Popdex BTCUSDT+0.0096%1h86,233−0.041%$8.4M$52.0M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,196−0.084%$199K$7.3M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,300.1+0.037%$4.2M$8.5M50xas long as short
Nado BTC-PERPlong+0.0100%1h86,268.6long leg$22.1M$225.3M50x
Hyperliquid BTC+0.0100%1h86,278+0.011%$3.78B$4.99B40xas long as short
Pacifica BTC+0.0100%1h86,299.6+0.036%$40.6M$558.6M50xas long as short
Bybit BTCUSDT+0.0100%8h86,209.8−0.068%$5.25B$9.63B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,223.4−0.052%$2.56B$12.41B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,229−0.046%$3.9M$17.8M25xas long as short
Arcus BTC-USD+0.0100%1h86,245−0.027%$7.2M$95.0M40xas long as short
Bulk BTC-USD+0.0100%1h86,145.7−0.142%$580.3M$59.0M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,209.1−0.069%$35.6M$161.4M75xas long as short
Variational Omni BTC+0.0100%8h86,205.5−0.073%$156.7M$558.7Mas long as short
edgeX BTCUSDC+0.0100%4h86,254.8−0.016%$278.6M$953.7M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,266−0.003%$216.6M$165.4M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,290.3+0.025%$141.4M$320.5M100xas long as short
StandX BTC-USD+0.0100%1h86,204.7−0.074%$30.6M$207.8M40xas long as short
Vest BTC-PERPshort+0.0100%1h86,263.6−0.006%$11.8M50x
Polymarket Perps BTC-USD+0.0100%1h86,214−0.063%$11.1M$14.0M50xas long as short
Bullet BTC-USD+0.0100%1h86,218.8−0.058%$190K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,215.6−0.061%$2.4M$9.0M100xas long as short
Derive BTC-PERP+0.0100%1h86,230.5−0.044%$30.3M$56.7M15xas long as short
SunX BTC-USDT+0.0100%8h86,188.5−0.093%$3.3M$5.4M100xas long as short
Phemex BTCUSDT+0.0100%8h86,229.1−0.046%$155.5M$473.0M150xas long as short
Extended BTC-USD+0.0104%1h86,200−0.080%$45.9M$222.2M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,231.5−0.043%$98.9M500xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,258.1−0.012%$132.2M$5.29B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,247.5−0.024%$191.8M$948.1M100xas long as short
Hibachi BTC/USDT-P+0.0152%1h86,228.9−0.046%$713K$7.9M30xas long as short
Aftermath Perps BTCUSD+0.0169%1h86,286.4+0.021%$77K$217K20xas long as short
Deribit BTC-PERPETUAL+0.0201%1h86,264.9−0.004%$902.5M$1.51B50xas long as short
BloFin BTC-USDT+0.0204%8h86,210−0.068%$415.5M$641.1M150xas long as short
Kalshi KXBTCPERP+0.0206%8h86,253−0.018%$10.5M$766.0M6.4xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0207% / S −0.0222%1h86,234.3−0.040%$14.5M200xas long as short