Funding you earn now, next payment 08:00 UTC+0.0003%/8h= +0.3% APRnext payment +$0.00 per $10,000 · paid last 24h +0.025%
Price spread now: Deribit against Vest−0.046%7-day average +0.033% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.055%+$6 on $10k
+Price spread, last 4 days (all we have)+0.103%+$10 · spread now −0.046%, 7d avg +0.033%
=Together, before fees+0.158%+ Points / potential airdropVest: Active · farm board+$16 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Deribit is 0.079% cheaper against Vest than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.033%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest BTC-PERP | 85,367.8 | 0.0100 | pay 0.0013% / 1h | 59m 35s | — | $9.9M | 50x |
| Short | Deribit BTC-PERPETUAL | 85,328.7 | 0.0103 | get 0.0013% / 1h | 59m 35s | $829.4M | $1.67B | 50x |
Vest BTC-PERP
Deribit BTC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Vest. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0.58
- Price spread: −0.046% → +0.033%
- −$7.85
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$16.27
- Costs to cover
- 0.090%
- Break-even
- 203.5 days
Slippage unknown: Vest: no order-book sample; Deribit: live order book, 5 min ago. 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 Vest no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 5 min ago | 0.03 bp | 3.5 bp −$4 | 3.5 bp −$35 | 5.2 bp −$522 | 10.6 bp −$5,304 |
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 55 venues
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,283 | −0.099% | $8K | $3K | 50x | as long as short |
| Phoenix BTC | −0.0034% | 1h | 85,306 | −0.072% | $2.3M | $10.8M | 40x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,279.8 | −0.103% | $421.4M | $684.9M | 150x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,335.5 | −0.038% | $345K | $2.3M | 50x | as long as short |
| KuCoin XBTUSDTM | 0.0000% | 8h | 85,357.6 | −0.012% | $929.9M | $776.8M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,297.7 | −0.082% | $36.5M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0019% | 8h | 85,355.8 | −0.014% | $502.6M | $1.09B | 200x | as long as short |
| dYdX BTC-USD | +0.0022% | 1h | 85,321.7 | −0.054% | $16.7M | $21.0M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0026% | 1h | 85,305.6 | −0.073% | $186.3M | $954.0M | 100x | as long as short |
| Injective BTC/USDC PERP | +0.0067% | 1h | 85,267 | −0.118% | $311K | $26.1M | 52x | as long as short |
Hotstuff BTC-PERP
Phoenix BTC
BloFin BTC-USDT
01 Exchange BTCUSD
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
dYdX BTC-USD
Kraken Futures PF_XBTUSD
Injective BTC/USDC PERPShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0069% | 8h | 85,335.8 | −0.038% | — | $17.5M | — | as long as short |
| Nado BTC-PERP | +0.0095% | 1h | 85,281.8 | −0.101% | $24.0M | $220.0M | 50x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,351.5 | −0.019% | $169.6M | $935.2M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,348 | −0.023% | $23.6M | $133.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,290 | −0.091% | $8.4M | $57.9M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,290 | −0.091% | $2.4M | $6.7M | 20x | as long as short |
| ApeX Omni BTCUSDT | +0.0097% | 1h | 85,273.7 | −0.110% | $138.0M | $312.8M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,358.3 | −0.011% | $5.7M | $9.5M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,359.9 | −0.009% | $40.2M | $604.6M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,357.8 | −0.012% | $9.40B | $25.17B | 150x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,361.9 | −0.007% | $5.09B | $10.03B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,358.6 | −0.011% | $2.61B | $12.26B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,338 | −0.035% | $3.8M | $17.4M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,369 | +0.001% | $4.6M | $97.7M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,256 | −0.131% | $695.2M | $190.7M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,355.3 | −0.015% | $5.46B | $9.79B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,339 | −0.034% | $5.03B | $5.70B | 500x | as long as short |
| Bitget BTCUSDT | +0.0100% | 8h | 85,358.8 | −0.011% | $2.97B | $5.19B | 150x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,297.5 | −0.082% | $36.8M | $191.6M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,265.8 | −0.119% | $155.3M | $548.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,267.5 | −0.117% | $282.8M | $959.2M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,278.8 | −0.104% | $214.0M | $159.3M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,270.7 | −0.114% | $30.1M | $216.2M | 40x | as long as short |
| Vest BTC-PERPlong | +0.0100% | 1h | 85,367.8 | long leg | — | $9.9M | 50x | |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,291 | −0.090% | $10.9M | $15.0M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,294.8 | −0.086% | $199K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,295.6 | −0.085% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,347.1 | −0.024% | $193K | $796K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,317.2 | −0.059% | $28.8M | $46.9M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,280.8 | −0.102% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,290 | −0.091% | $59.7M | $336.6M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,284.7 | −0.097% | $2.25B | $974.2M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,301.2 | −0.078% | $159.0M | $516.4M | 150x | as long as short |
| Deribit BTC-PERPETUALshort | +0.0103% | 1h | 85,328.7 | −0.046% | $829.4M | $1.67B | 50x | |
| Extended BTC-USD | +0.0104% | 1h | 85,338.5 | −0.034% | $45.7M | $241.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,296.9 | −0.083% | — | $106.7M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,333 | −0.041% | $111.8M | $5.47B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0145% | 1h | 85,286 | −0.096% | $6.6M | $141.1M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0173% | 8h | 85,319 | −0.057% | $11.9M | $737.5M | 6.4x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0174% / S −0.0149% | 1h | 85,295.4 | −0.085% | $13.0M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 85,376.1 | +0.010% | $8.9M | $42.9M | 25x | as long as short |
| Hyperliquid BTC | +0.0277% | 1h | 85,407 | +0.046% | $3.79B | $5.11B | 40x | as long as short |
| Aftermath Perps BTCUSD | +0.0284% | 1h | 85,299.1 | −0.081% | $81K | $249K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0312% | 1h | 85,302.6 | −0.076% | $682K | $7.8M | 30x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,306.9 | −0.071% | $465K | $18.4M | 6.7x | as long as short |
BingX BTC-USDC
Nado BTC-PERP
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
ApeX Omni BTCUSDT
Paradex BTC-USD-PERP
Pacifica BTC
Binance BTCUSDT
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
MEXC BTC_USDT
Bitget BTCUSDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
StandX BTC-USD
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]
RISEx BTC/USDC
Hyperliquid BTC
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Perpl BTC