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

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.008%
Price spread now: Vest against OKX+0.025%7-day average +0.006% · 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)−0.028%−$3 on $10k
Price spread, last 7 days−0.018%−$2 · spread now +0.025%, 7d avg +0.006%
Together, before fees−0.046%+ Points / potential airdropVest: Active · farm board−$5 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX BTC-USDT-SWAP85,674.70.0100pay 0.0100% / 8h5h 33m$2.57B$12.12B100x
ShortVest BTC-PERP85,696.40.0100get 0.0013% / 1h33m 59s$11.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest against OKX. 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: +0.025% → +0.006%
$1.96
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Vest: 1 bp × 2 orders
−$2
Net
−$10.04
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: OKX: 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
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 5 min ago0.01 bp5.0 bp −$55.0 bp −$505.5 bp −$5466.8 bp −$3,387
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−0.0160%1h85,602−0.085%$2.2M$10.3M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,650−0.029%$8K$3K50xas long as short
01 Exchange BTCUSD−0.0048%1h85,642.4−0.038%$370K$2.3M50xas long as short
BloFin BTC-USDT−0.0034%8h85,650−0.029%$416.1M$663.9M150xas long as short
Bluefin BTC-PERP−0.0024%1h85,691.5+0.020%$196K$722K40xas long as short
dYdX BTC-USD0.0000%1h85,640.3−0.040%$16.8M$21.0M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,660−0.017%$36.7M200xas long as short
KuCoin XBTUSDTM+0.0011%8h85,660.2−0.017%$917.6M$753.0M125xas long as short
Nado BTC-PERP+0.0011%1h85,645.1−0.035%$22.9M$221.3M50xas long as short
Aster BTCUSDT+0.0018%8h85,658.2−0.019%$516.1M$1.11B200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDT+0.0054%8h85,671.6−0.004%$1.54Bas long as short
HTX BTC-USDT+0.0067%8h85,651.2−0.027%$2.27B$935.2M200xas long as short
Reya BTCRUSDPERP+0.0068%1h85,644.8−0.035%$6.7M$146.4M40xas long as short
Bitget BTCUSDT+0.0068%8h85,660.4−0.017%$2.95B$5.02B150xas long as short
Injective BTC/USDC PERP+0.0079%1h85,578−0.113%$340K$26.9M52xas long as short
Aevo BTC-PERP+0.0080%1h85,656.8−0.021%$2.5M$1.7M20xas long as short
Phemex BTCUSDT+0.0080%8h85,658.7−0.019%$147.9M$479.1M150xas long as short
SunX BTC-USDT+0.0081%8h85,607.1−0.079%$2.9M$6.1M100xas long as short
MEXC BTC_USDT+0.0085%8h85,667.4−0.009%$5.05B$5.62B500xas long as short
Binance BTCUSDT+0.0086%8h85,669.1−0.007%$9.35B$23.91B150xas long as short
Lighter BTC+0.0096%1h85,664.2−0.012%$169.9M$989.0M50xas long as short
Lighter RH BTC+0.0096%1h85,675.9+0.001%$23.9M$148.2M50xas long as short
Popdex BTCUSDT+0.0096%1h85,647−0.032%$8.4M$52.0M100xas long as short
Paradex BTC-USD-PERP+0.0099%8h85,671.1−0.004%$3.8M$8.3M50xas long as short
Katana Perps BTC-USD+0.0100%8h85,609−0.077%$197K$7.8M50xas long as short
Hyperliquid BTC+0.0100%1h85,735+0.070%$3.78B$4.94B40xas long as short
Pacifica BTC+0.0100%1h85,656.4−0.021%$40.5M$573.5M50xas long as short
Bybit BTCUSDT+0.0100%8h85,6750.000%$5.33B$9.58B150xas long as short
OKX BTC-USDT-SWAPlong+0.0100%8h85,674.7long leg$2.57B$12.12B100x
Ondo Perps BTC-USD.P+0.0100%1h85,643−0.037%$3.9M$18.0M25xas long as short
Arcus BTC-USD+0.0100%1h85,599.7−0.088%$7.2M$96.8M40xas long as short
Gate BTC_USDT+0.0100%8h85,671.9−0.003%$5.55B$10.49B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,657.8−0.020%$35.4M$172.4M75xas long as short
Variational Omni BTC+0.0100%8h85,622.5−0.061%$155.0M$548.4Mas long as short
edgeX BTCUSDC+0.0100%4h85,510.3−0.192%$279.0M$929.2M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,588.5−0.101%$214.9M$165.6M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,576.1−0.115%$140.0M$316.2M100xas long as short
StandX BTC-USD+0.0100%1h85,629.3−0.053%$30.3M$210.5M40xas long as short
Vest BTC-PERPshort+0.0100%1h85,696.4+0.025%$11.8M50x
Polymarket Perps BTC-USD+0.0100%1h85,645−0.035%$11.0M$14.1M50xas long as short
Bullet BTC-USD+0.0100%1h85,657.6−0.020%$189K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,658.3−0.019%$2.3M$8.8M100xas long as short
Derive BTC-PERP+0.0100%1h85,646−0.033%$30.0M$52.6M15xas long as short
SoDEX BTC-USD+0.0100%1h85,660−0.017%$60.0M$336.2M40xas long as short
Bulk BTC-USD+0.0100%1h85,614.4−0.070%$621.3M$398.6M40xas long as short
Extended BTC-USD+0.0104%1h85,643.6−0.036%$44.1M$227.3M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,662.9−0.014%$105.9M500xas long as short
Deribit BTC-PERPETUAL+0.0107%1h85,699.8+0.029%$893.0M$1.52B50xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h85,709.1+0.040%$130.6M$5.10B50xas long as short
RISEx BTC/USDC+0.0120%1h85,666.3−0.010%$8.4M$42.3M25xas long as short
Kraken Futures PF_XBTUSD+0.0138%1h85,694+0.023%$188.9M$949.3M100xas long as short
Aftermath Perps BTCUSD+0.0192%1h85,613.1−0.072%$78K$219K20xas long as short
Hibachi BTC/USDT-P+0.0200%1h85,683.2+0.010%$701K$7.9M30xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0203% / S −0.0180%1h85,660.7−0.016%$13.6M200xas long as short
Kalshi KXBTCPERP+0.0214%8h85,673−0.002%$10.5M$760.4M6.4xas long as short
Perpl BTC+0.0447%43m85,669.4−0.006%$520K$19.4M6.7xas long as short