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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0094%/8h= +10.3% APRnext payment +$0.12 per $10,000 · paid last 24h +0.008%
Price spread now: Aftermath Perps against Vest−0.118%7-day average +0.011% · 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)+0.069%+$7 on $10k
Price spread, last 4 days (all we have)+0.215%+$21 · spread now −0.118%, 7d avg +0.011%
Together, before fees+0.284%+ Points / potential airdropVest: Active · farm board+$28 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aftermath Perps is 0.128% cheaper against Vest than usual: you would sell low and buy high (spread −0.118% now, against its 7-day average of +0.011%). If the spread goes back, that is −$13 on $10k: about 4.6 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest BTC-PERP85,683.90.0100pay 0.0013% / 1h41m 57s$11.8M50x
ShortAftermath Perps BTCUSD85,583.10.0194get 0.0024% / 1h41m 57s$78K$219K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Vest. 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

Funding earned
$19.76
Price spread: −0.118% → +0.011%
−$12.85
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
−$4.08
Costs to cover
0.110%
Break-even
8.4 days
Slippage unknown: Vest: no order-book sample; Aftermath Perps: live order book, 22 min ago. 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 Vest no order-book sample
Sell Aftermath Perps live order book, 22 min ago1.00 bp9.9 bp −$10doesn't fitdoesn't fitdoesn't fit
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%1h85,485−0.232%$2.2M$10.3M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,574−0.128%$8K$3K50xas long as short
01 Exchange BTCUSD−0.0048%1h85,639.1−0.052%$369K$2.3M50xas long as short
BloFin BTC-USDT−0.0033%8h85,602.1−0.095%$416.5M$662.4M150xas long as short
dYdX BTC-USD0.0000%1h85,643.2−0.047%$16.8M$20.9M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,656.4−0.032%$36.7M200xas long as short
Nado BTC-PERP+0.0005%1h85,636.3−0.056%$22.8M$221.6M50xas long as short
KuCoin XBTUSDTM+0.0014%8h85,551.1−0.155%$906.7M$749.7M125xas long as short
Aster BTCUSDT+0.0020%8h85,646.2−0.044%$516.1M$1.11B200xas long as short
BingX BTC-USDC+0.0053%8h85,550.9−0.155%$17.0Mas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0066%1h85,637.8−0.054%$6.7M$146.4M40xas long as short
Bitget BTCUSDT+0.0067%8h85,569.7−0.133%$2.95B$5.02B150xas long as short
Phemex BTCUSDT+0.0072%8h85,653.9−0.035%$148.4M$478.4M150xas long as short
HTX BTC-USDT+0.0073%8h85,650.9−0.039%$2.27B$932.8M200xas long as short
Injective BTC/USDC PERP+0.0079%1h85,617−0.078%$340K$26.9M52xas long as short
Aevo BTC-PERP+0.0080%1h85,646.9−0.043%$2.5M$1.7M20xas long as short
MEXC BTC_USDT+0.0086%8h85,570.5−0.132%$5.04B$5.60B500xas long as short
SunX BTC-USDT+0.0087%8h85,614.3−0.081%$2.9M$6.1M100xas long as short
Binance BTCUSDT+0.0087%8h85,567.7−0.136%$9.32B$23.91B150xas long as short
Lighter BTC+0.0096%1h85,662.5−0.025%$169.7M$986.9M50xas long as short
Lighter RH BTC+0.0096%1h85,663.4−0.024%$23.9M$147.8M50xas long as short
Popdex BTCUSDT+0.0096%1h85,638−0.054%$8.4M$51.9M100xas long as short
Paradex BTC-USD-PERP+0.0099%8h85,682.8−0.001%$3.8M$8.3M50xas long as short
Katana Perps BTC-USD+0.0100%8h85,609−0.087%$204K$7.7M50xas long as short
Hyperliquid BTC+0.0100%1h85,714+0.035%$3.78B$4.94B40xas long as short
Pacifica BTC+0.0100%1h85,656.6−0.032%$40.2M$571.1M50xas long as short
Bybit BTCUSDT+0.0100%8h85,565.3−0.138%$5.33B$9.59B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,555.5−0.150%$2.57B$12.11B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,635−0.057%$3.9M$17.9M25xas long as short
Arcus BTC-USD+0.0100%1h85,599.1−0.099%$7.3M$97.2M40xas long as short
Bulk BTC-USD+0.0100%1h85,562.7−0.142%$616.1M$358.9M40xas long as short
Gate BTC_USDT+0.0100%8h85,566.9−0.137%$5.55B$10.46B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,634.3−0.058%$35.1M$171.7M75xas long as short
Variational Omni BTC+0.0100%8h85,485−0.232%$154.0M$550.0Mas long as short
edgeX BTCUSDC+0.0100%4h85,511.8−0.201%$278.9M$932.4M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,432.8−0.293%$214.5M$161.8M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,578.6−0.123%$140.0M$316.4M100xas long as short
StandX BTC-USD+0.0100%1h85,588.9−0.111%$30.3M$211.1M40xas long as short
Vest BTC-PERPlong+0.0100%1h85,683.9long leg$11.8M50x
Polymarket Perps BTC-USD+0.0100%1h85,634−0.058%$11.0M$14.1M50xas long as short
Bullet BTC-USD+0.0100%1h85,646.1−0.044%$190K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,641.7−0.049%$2.4M$8.8M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,685.3+0.002%$197K$721K40xas long as short
Derive BTC-PERP+0.0100%1h85,645.3−0.045%$30.0M$52.5M15xas long as short
SoDEX BTC-USD+0.0100%1h85,660−0.028%$60.0M$336.2M40xas long as short
Deribit BTC-PERPETUAL+0.0102%1h85,692.2+0.010%$893.3M$1.52B50xas long as short
Extended BTC-USD+0.0104%1h85,549.5−0.157%$44.1M$227.3M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,617.6−0.077%$106.2M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h85,693.9+0.012%$130.9M$5.09B50xas long as short
RISEx BTC/USDC+0.0120%1h85,663−0.024%$8.3M$42.2M25xas long as short
Kraken Futures PF_XBTUSD+0.0138%1h85,683.50.000%$187.6M$947.5M100xas long as short
Aftermath Perps BTCUSDshort+0.0194%1h85,583.1−0.118%$78K$219K20x
Hibachi BTC/USDT-P+0.0200%1h85,583.5−0.117%$697K$7.9M30xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0203% / S −0.0180%1h85,651.6−0.038%$13.6M200xas long as short
Kalshi KXBTCPERP+0.0211%8h85,664−0.023%$10.5M$760.4M6.4xas long as short
Perpl BTC+0.0447%43m85,632.2−0.060%$524K$19.5M6.7xas long as short