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

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: Vest against Pacifica+0.001%7-day average −0.017% · 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)−0.037%−$4 on $10k
Price spread, last 7 days−0.011%−$1 · spread now +0.001%, 7d avg −0.017%
Together, before fees−0.048%+ Points / potential airdropPacifica: Active · Vest: Active · farm board−$5 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica BTC86,546.20.0100pay 0.0013% / 1h7m 18s$41.1M$538.1M50x
ShortVest BTC-PERP86,5470.0100get 0.0013% / 1h7m 18s$11.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest against Pacifica. 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: +0.001% → −0.017%
$1.77
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Vest: 1 bp × 2 orders
−$2
Net
−$8.23
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Pacifica: 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
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica live order book, 2 min ago0.06 bp4.1 bp −$44.1 bp −$41doesn't fitdoesn't fit
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−0.0118%1h86,444−0.118%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,516−0.035%$9K$3K50xas long as short
Injective BTC/USDC PERP−0.0035%1h86,345−0.232%$332K$26.9M52xas long as short
RISEx BTC/USDC−0.0024%1h86,495.7−0.058%$8.3M$42.7M25xas long as short
01 Exchange BTCUSD−0.0016%1h86,502.7−0.050%$360K$2.4M50xas long as short
Perpl BTC0.0000%43m86,537.7−0.010%$412K$22.4M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0005%1h86,534.5−0.013%$36.9M200xas long as short
Aster BTCUSDT+0.0010%8h86,521.5−0.029%$501.9M$1.15B200xas long as short
KuCoin XBTUSDTM+0.0022%8h86,518.7−0.032%$834.7M$728.2M125xas long as short
Reya BTCRUSDPERP+0.0036%1h86,520.6−0.029%$6.7M$145.5M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDT+0.0044%8h86,520.5−0.030%$1.59Bas long as short
Bitget BTCUSDT+0.0055%8h86,517.1−0.034%$2.97B$5.13B150xas long as short
Phemex BTCUSDT+0.0056%8h86,520.6−0.030%$151.5M$478.8M150xas long as short
dYdX BTC-USD+0.0063%1h86,506.6−0.046%$16.9M$21.2M50xas long as short
Aevo BTC-PERP+0.0072%1h86,512.7−0.039%$2.5M$1.4M20xas long as short
MEXC BTC_USDT+0.0074%8h86,523.4−0.026%$5.16B$5.69B500xas long as short
Binance BTCUSDT+0.0074%8h86,519.9−0.030%$9.45B$24.53B150xas long as short
Gate BTC_USDT+0.0082%8h86,516.4−0.034%$5.85B$10.81B200xas long as short
Lighter BTC+0.0096%1h86,533.1−0.015%$170.1M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h86,538.4−0.009%$23.8M$153.0M50xas long as short
Popdex BTCUSDT+0.0096%1h86,487−0.068%$8.5M$52.3M100xas long as short
Bybit BTCUSDT+0.0099%8h86,521.3−0.029%$5.27B$9.79B150xas long as short
Katana Perps BTC-USD+0.0100%8h86,475−0.082%$196K$7.1M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,547.9+0.002%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,513.1−0.038%$21.7M$233.9M50xas long as short
Hyperliquid BTC+0.0100%1h86,580+0.039%$3.80B$5.10B40xas long as short
Pacifica BTClong+0.0100%1h86,546.2long leg$41.1M$538.1M50x
OKX BTC-USDT-SWAP+0.0100%8h86,533.1−0.015%$2.55B$12.74B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,540−0.007%$3.9M$18.4M25xas long as short
Arcus BTC-USD+0.0100%1h86,545.7−0.001%$7.3M$96.0M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,526.9−0.022%$38.0M$155.7M75xas long as short
Variational Omni BTC+0.0100%8h86,407.7−0.160%$157.0M$567.1Mas long as short
edgeX BTCUSDC+0.0100%4h86,442.3−0.120%$279.2M$947.3M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,461.1−0.098%$217.1M$172.4M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,464.5−0.094%$141.5M$323.1M100xas long as short
StandX BTC-USD+0.0100%1h86,448−0.113%$30.7M$206.7M40xas long as short
Vest BTC-PERPshort+0.0100%1h86,547+0.001%$11.9M50x
Polymarket Perps BTC-USD+0.0100%1h86,498−0.056%$11.1M$13.9M50xas long as short
Bullet BTC-USD+0.0100%1h86,516.7−0.034%$193K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,514.3−0.037%$2.5M$9.3M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,550+0.004%$141K$663K40xas long as short
Derive BTC-PERP+0.0100%1h86,549.7+0.004%$30.5M$62.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,511.7−0.040%$3.4M$5.3M100xas long as short
SoDEX BTC-USD+0.0100%1h86,520−0.030%$60.5M$338.1M40xas long as short
HTX BTC-USDT+0.0100%8h86,504.3−0.048%$2.30B$968.2M200xas long as short
Bulk BTC-USD+0.0100%1h86,452.9−0.108%$572.2M$12.3M40xas long as short
Extended BTC-USD+0.0104%1h86,500.2−0.053%$45.8M$225.4M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,536−0.012%$100.0M500xas long as short
Kraken Futures PF_XBTUSD+0.0110%1h86,555.2+0.010%$193.1M$953.1M100xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,568.6+0.026%$132.2M$5.64B50xas long as short
Aftermath Perps BTCUSD+0.0161%1h86,496.5−0.057%$78K$219K20xas long as short
Hibachi BTC/USDT-P+0.0176%1h86,525.2−0.024%$717K$8.1M30xas long as short
BloFin BTC-USDT+0.0194%8h86,523.4−0.026%$415.5M$659.2M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0200% / S −0.0224%1h86,529.6−0.019%$15.0M200xas long as short
Kalshi KXBTCPERP+0.0208%8h86,542−0.005%$10.3M$753.0M6.4xas long as short
Deribit BTC-PERPETUAL+0.0335%1h86,580.3+0.039%$913.4M$1.49B50xas long as short