BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0135%/8h= +14.7% APRnext payment +$0.17 per $10,000 · paid last 24h +0.015%

Price spread now: Vest against SoDEX+0.143%48s7-day average +0.024% · you sell dearer than you buy

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

Long on SoDEX Short on Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.149%−$15 · spread now +0.143%, 7d avg +0.024%

Together, before fees−0.153%+ Points / potential airdropVest: Active · farm board−$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Vest is 0.118% dearer against SoDEX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.024%. The two prices were read 48 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	SoDEX BTC-USD	85,998	−0.0035	get 0.0004% / 1h	9m 10s	$65.9M	$186.3M	40x
Short	Vest BTC-PERP	86,120.7	0.0100	get 0.0013% / 1h	9m 10s	—	$10.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against SoDEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 SoDEXbpFee VestbpOrdersPrice spread, now +0.143%Rate

Funding earned: $28.25
Price spread: +0.143% → +0.024%: $11.85
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Vest: 1 bp × 2 orders: −$2
Net: $30.1
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: SoDEX: live order book, 3 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 SoDEX live order book, 3 min ago	0.06 bp	4.1 bp −$4	4.1 bp −$41	4.9 bp −$493	40.0 bp −$20.0K
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 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
Perpl BTC	−0.0223%	43m	86,057.9	+0.070%	$471K	$13.2M	6.7x	as long as short
Phoenix BTC	−0.0150%	1h	86,031	+0.038%	$2.1M	$7.7M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,871	−0.148%	$8K	$2K	50x	as long as short
BloFin BTC-USDT	−0.0059%	8h	86,023.4	+0.030%	$421.4M	$552.0M	150x	as long as short
SoDEX BTC-USDlong	−0.0035%	1h	85,998	long leg	$65.9M	$186.3M	40x
01 Exchange BTCUSD	−0.0032%	1h	86,053	+0.064%	$363K	$1.8M	50x	as long as short
dYdX BTC-USD	0.0000%	1h	86,034.5	+0.042%	$16.9M	$13.2M	50x	as long as short
Injective BTC/USDC PERP	+0.0001%	1h	86,061	+0.073%	$311K	$32.6M	52x	as long as short
Aster BTCUSDT	+0.0002%	8h	86,022	+0.028%	$510.4M	$814.6M	200x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	86,047	+0.057%	$37.0M	—	200x	as long as short

Show all 56 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_XBTUSD	+0.0019%	1h	86,040.4	+0.049%	$193.8M	$723.8M	100x	as long as short
Popdex BTCUSDT	+0.0032%	1h	86,031	+0.038%	$8.6M	$46.1M	100x	as long as short
Phemex BTCUSDT	+0.0035%	8h	86,025	+0.031%	$173.6M	$468.9M	150x	as long as short
KuCoin XBTUSDTM	+0.0050%	8h	86,008.8	+0.013%	$952.9M	$625.7M	125x	as long as short
Binance BTCUSDT	+0.0060%	8h	86,025.2	+0.032%	$9.41B	$19.84B	150x	as long as short
MEXC BTC_USDT	+0.0060%	8h	86,025.2	+0.032%	$5.19B	$4.77B	500x	as long as short
Bybit BTCUSDT	+0.0062%	8h	86,028.9	+0.036%	$5.16B	$7.92B	150x	as long as short
Aevo BTC-PERP	+0.0064%	1h	86,016	+0.021%	$2.4M	$6.8M	20x	as long as short
Gate BTC_USDT	+0.0074%	8h	86,013.5	+0.018%	$5.52B	$8.86B	200x	as long as short
Bitget BTCUSDT	+0.0076%	8h	86,006.6	+0.010%	$3.00B	$3.80B	150x	as long as short
Bullet BTC-USD	+0.0079%	1h	86,032.7	+0.040%	$221K	$3.2M	20x	as long as short
HTX BTC-USDT	+0.0080%	8h	86,026.2	+0.033%	$2.27B	$736.5M	200x	as long as short
Nado BTC-PERP	+0.0089%	1h	86,031.5	+0.039%	$22.9M	$188.9M	50x	as long as short
Variational Omni BTC	+0.0092%	8h	85,989.7	−0.010%	$157.6M	$474.7M	—	as long as short
Lighter BTC	+0.0096%	1h	86,040.2	+0.049%	$174.1M	$855.4M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,044.2	+0.054%	$23.8M	$118.8M	50x	as long as short
GRVT BTC_USDT_Perp	+0.0099%	8h	86,008.7	+0.012%	$216.1M	$133.5M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,013	+0.017%	$220K	$8.1M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,090.9	+0.108%	$5.7M	$7.0M	50x	as long as short
Pacifica BTC	+0.0100%	1h	86,083.8	+0.100%	$40.1M	$565.6M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,017.5	+0.023%	$2.64B	$9.00B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,031	+0.038%	$4.0M	$14.7M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,049.9	+0.060%	$4.6M	$90.7M	40x	as long as short
BingX BTC-USDC	+0.0100%	8h	85,979.1	−0.022%	—	$16.1M	—	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,996.8	−0.001%	$39.3M	$200.5M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,036.2	+0.044%	$289.8M	$715.7M	100x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,006.1	+0.009%	$137.8M	$284.5M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,014	+0.019%	$30.2M	$227.5M	40x	as long as short
Vest BTC-PERPshort	+0.0100%	1h	86,120.7	+0.143%	—	$10.9M	50x
Polymarket Perps BTC-USD	+0.0100%	1h	86,032	+0.040%	$11.0M	$11.8M	50x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,019.6	+0.025%	$2.6M	$8.7M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	86,059.6	+0.072%	$143K	$608K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,084.4	+0.101%	$29.1M	$44.2M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,028.3	+0.035%	$3.3M	$6.8M	100x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,063.9	+0.077%	$717.2M	$65.2M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	85,996.1	−0.002%	$47.4M	$181.1M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	86,042.2	+0.051%	—	$76.5M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0128%	1h	86,056.8	+0.068%	$112.9M	$4.96B	50x	as long as short
Hyperliquid BTC	+0.0153%	1h	86,119	+0.141%	$3.98B	$4.13B	40x	as long as short
Kalshi KXBTCPERP	+0.0157%	8h	86,063	+0.076%	$13.1M	$731.3M	6.4x	as long as short
Deribit BTC-PERPETUAL	+0.0164%	1h	86,077.4	+0.092%	$818.5M	$1.47B	50x	as long as short
RISEx BTC/USDC	+0.0165%	1h	86,071	+0.085%	$9.0M	$35.3M	25x	as long as short
Reya BTCRUSDPERP	+0.0178%	1h	86,014.8	+0.019%	$6.6M	$121.4M	40x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0211% / S −0.0245%	1h	86,042.9	+0.052%	$15.8M	—	200x	as long as short
Aftermath Perps BTCUSD	+0.0263%	1h	86,064.1	+0.077%	$80K	$216K	20x	as long as short
Hibachi BTC/USDT-P	+0.0288%	1h	86,056.6	+0.068%	$690K	$6.8M	30x	as long as short