BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0051%/8h= +5.6% APRnext payment +$0.06 per $10,000 · paid last 24h +0.020%

Price spread now: GMX against Vest−0.080%7-day average +0.023% · you buy dearer than you sell

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

Long on Vest Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.098%+$10 on $10k

Price spread, last 4 days (all we have)+0.131%+$13 · spread now −0.080%, 7d avg +0.023%

Together, before fees+0.229%+ Points / potential airdropVest: Active · farm board+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.104% cheaper against Vest than usual: you would sell low and buy high (spread −0.080% now, against its 7-day average of +0.023%). If the spread goes back, that is −$10 on $10k: about 6.7 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest BTC-PERP	85,440.9	0.0100	pay 0.0013% / 1h	17m 03s	—	$10.9M	50x
Short	GMX BTC/USD [WBTC.b-USDC]	85,372.4	L +0.0176% / S −0.0151%	get 0.0019% / 1h	17m 03s	$13.0M	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Vest. 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

Position, each leg$Hold fordaysFee VestbpFee GMXbpOrdersPrice spread, now −0.080%Rate

Funding earned: $10.8
Price spread: −0.080% → +0.023%: −$10.36
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee GMX: 6 bp × 2 orders: −$12
Net: −$13.56
Costs to cover: 0.140%
Break-even: 15.8 days

Slippage unknown: Vest: no order-book sample; GMX: 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 Vest no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Vest and GMX: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl BTC	−0.0112%	43m	85,381.4	−0.070%	$526K	$18.4M	6.7x	as long as short
Phoenix BTC	−0.0111%	1h	85,308	−0.156%	$2.1M	$10.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,374	−0.078%	$8K	$3K	50x	as long as short
KuCoin XBTUSDTM	−0.0054%	8h	85,360.6	−0.094%	$922.9M	$765.0M	125x	as long as short
BloFin BTC-USDT	−0.0031%	8h	85,377.4	−0.074%	$419.8M	$681.8M	150x	as long as short
Aster BTCUSDT	−0.0013%	8h	85,366	−0.088%	$512.9M	$1.09B	200x	as long as short
01 Exchange BTCUSD	−0.0008%	1h	85,396.9	−0.051%	$354K	$2.4M	50x	as long as short
dYdX BTC-USD	+0.0001%	1h	85,386.9	−0.063%	$16.7M	$21.4M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,381.7	−0.069%	$36.5M	—	200x	as long as short
Injective BTC/USDC PERP	+0.0023%	1h	85,349	−0.108%	$339K	$26.8M	52x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado BTC-PERP	+0.0039%	1h	85,350.6	−0.106%	$24.8M	$222.5M	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0056%	1h	85,389.1	−0.061%	$187.5M	$954.6M	100x	as long as short
BingX BTC-USDT	+0.0067%	8h	85,374.6	−0.078%	—	$1.56B	—	as long as short
Phemex BTCUSDT	+0.0076%	8h	85,368.5	−0.085%	$147.8M	$505.3M	150x	as long as short
Bitget BTCUSDT	+0.0086%	8h	85,356.8	−0.098%	$2.96B	$5.16B	150x	as long as short
MEXC BTC_USDT	+0.0088%	8h	85,377.6	−0.074%	$5.04B	$5.74B	500x	as long as short
Aevo BTC-PERP	+0.0088%	1h	85,370.9	−0.082%	$2.4M	$6.7M	20x	as long as short
Binance BTCUSDT	+0.0089%	8h	85,375.9	−0.076%	$9.44B	$24.86B	150x	as long as short
Lighter BTC	+0.0096%	1h	85,380.2	−0.071%	$171.1M	$1.03B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,387.8	−0.062%	$23.7M	$148.8M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,378	−0.074%	$8.3M	$55.8M	100x	as long as short
Coinbase International BTC-PERP-INTX	+0.0096%	1h	85,409.8	−0.036%	$117.2M	$5.42B	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,358	−0.097%	$237K	$8.6M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,428.2	−0.015%	$5.8M	$9.6M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,455	+0.017%	$3.75B	$5.07B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,384	−0.067%	$40.0M	$597.7M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,359.8	−0.095%	$5.15B	$9.95B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,361.2	−0.093%	$2.58B	$12.20B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,369	−0.084%	$3.8M	$17.5M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,384.8	−0.066%	$4.6M	$98.8M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,163.7	−0.324%	$678.5M	$565.0M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,371.6	−0.081%	$5.50B	$11.03B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,367.4	−0.086%	$36.3M	$176.6M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,218.8	−0.260%	$154.2M	$561.4M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,241.6	−0.233%	$279.4M	$948.2M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,345.8	−0.111%	$214.4M	$167.1M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	85,331.7	−0.128%	$139.5M	$314.9M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	85,360.6	−0.094%	$30.1M	$207.7M	40x	as long as short
Vest BTC-PERPlong	+0.0100%	1h	85,440.9	long leg	—	$10.9M	50x
Polymarket Perps BTC-USD	+0.0100%	1h	85,372	−0.081%	$11.0M	$14.4M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,377.5	−0.074%	$205K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,382.2	−0.069%	$2.6M	$9.6M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,420.8	−0.024%	$228K	$760K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,352.1	−0.104%	$30.0M	$48.0M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,334.9	−0.124%	$2.9M	$6.1M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,377	−0.075%	$59.8M	$336.2M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,366.2	−0.087%	$2.26B	$941.7M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	85,332.5	−0.127%	$45.0M	$239.8M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	85,386.2	−0.064%	—	$106.9M	500x	as long as short
Reya BTCRUSDPERP	+0.0117%	1h	85,365.9	−0.088%	$6.6M	$147.4M	40x	as long as short
Deribit BTC-PERPETUAL	+0.0165%	1h	85,415	−0.030%	$866.8M	$1.61B	50x	as long as short
GMX BTC/USD [WBTC.b-USDC]short	L +0.0176% / S −0.0151%	1h	85,372.4	−0.080%	$13.0M	—	200x
Kalshi KXBTCPERP	+0.0190%	8h	85,387	−0.063%	$11.4M	$743.4M	6.4x	as long as short
Aftermath Perps BTCUSD	+0.0220%	1h	85,292	−0.174%	$78K	$227K	20x	as long as short
Hibachi BTC/USDT-P	+0.0232%	1h	85,402.8	−0.045%	$689K	$8.0M	30x	as long as short
RISEx BTC/USDC	+0.0257%	1h	85,404.9	−0.042%	$8.7M	$43.3M	25x	as long as short