Funding you earn now, next payment 22:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.23 per $10,000 · paid last 24h −0.052%
Price spread now: Hotstuff against Vest−0.065%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVest: Active · Hotstuff: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Hotstuff is 0.065% cheaper against Vest than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest BTC-PERP | 86,646.5 | 0.0100 | pay 0.0013% / 1h | 43m 37s | — | $11.6M | 50x |
| Short | Hotstuff BTC-PERP | 86,590 | −0.0080 | pay 0.0010% / 1h | 43m 37s | $9K | $3K | 50x |
Vest BTC-PERP
Hotstuff BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff 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
- −$37.8
- Price spread: −0.065% → 0.000%
- −$6.52
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$51.32
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Vest: no order-book sample; Hotstuff: 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 Hotstuff no order-book sample | — | — | — | — | — |
Vest and Hotstuff: 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 | −0.0335% | 43m | 86,584.3 | −0.072% | $431K | $25.1M | 6.7x | as long as short |
| Aftermath Perps BTCUSD | −0.0215% | 1h | 86,631.2 | −0.018% | $85K | $188K | 20x | as long as short |
| dYdX BTC-USD | −0.0108% | 1h | 86,607.2 | −0.045% | $17.7M | $20.3M | 50x | as long as short |
| Phoenix BTC | −0.0103% | 1h | 86,591 | −0.064% | $2.2M | $12.4M | 40x | as long as short |
| Hotstuff BTC-PERPshort | −0.0080% | 1h | 86,590 | −0.065% | $9K | $3K | 50x | |
| KuCoin XBTUSDTM | −0.0002% | 8h | 86,583.2 | −0.073% | $845.4M | $707.9M | 125x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 86,615.6 | −0.036% | $361K | $2.4M | 50x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,576.3 | −0.081% | $937.8M | $1.43B | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0005% | 1h | 86,579.7 | −0.077% | $36.6M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0009% | 8h | 86,576.5 | −0.081% | $505.4M | $1.16B | 200x | as long as short |
Perpl BTC
Aftermath Perps BTCUSD
dYdX BTC-USD
Phoenix BTC
KuCoin XBTUSDTM
01 Exchange BTCUSD
Deribit BTC-PERPETUAL
gTrade (Gains Network) BTC/USD
Aster BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0021% | 1h | 86,572.1 | −0.086% | $6.7M | $144.0M | 40x | as long as short |
| BingX BTC-USDC | +0.0021% | 8h | 86,583.8 | −0.072% | — | $15.2M | — | as long as short |
| Bitget BTCUSDT | +0.0027% | 8h | 86,579.6 | −0.077% | $2.94B | $5.07B | 150x | as long as short |
| Phemex BTCUSDT | +0.0027% | 8h | 86,571.9 | −0.086% | $149.4M | $470.6M | 150x | as long as short |
| MEXC BTC_USDT | +0.0048% | 8h | 86,593.8 | −0.061% | $5.19B | $5.65B | 500x | as long as short |
| Aevo BTC-PERP | +0.0048% | 1h | 86,538.9 | −0.124% | $2.4M | $1.3M | 20x | as long as short |
| Binance BTCUSDT | +0.0049% | 8h | 86,589.3 | −0.066% | $9.43B | $24.29B | 150x | as long as short |
| Injective BTC/USDC PERP | +0.0049% | 1h | 86,732 | +0.099% | $315K | $26.8M | 52x | as long as short |
| RISEx BTC/USDC | +0.0063% | 1h | 86,604.1 | −0.049% | $9.2M | $42.0M | 25x | as long as short |
| OKX BTC-USDT-SWAP | +0.0064% | 8h | 86,591.6 | −0.063% | $2.57B | $12.69B | 100x | as long as short |
| Gate BTC_USDT | +0.0066% | 8h | 86,590.5 | −0.065% | $5.85B | $10.59B | 200x | as long as short |
| Bybit BTCUSDT | +0.0078% | 8h | 86,586 | −0.070% | $5.27B | $9.66B | 150x | as long as short |
| Variational Omni BTC | +0.0089% | 8h | 86,618.2 | −0.033% | $160.7M | $567.1M | — | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,602.2 | −0.051% | $172.2M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,606.2 | −0.046% | $24.0M | $153.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,587 | −0.069% | $8.5M | $52.0M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0098% | 8h | 86,570.8 | −0.087% | $217.3M | $189.0M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,637.4 | −0.010% | $4.8M | $8.2M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,580 | −0.077% | $196K | $6.8M | 50x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,540 | −0.123% | $60.4M | $336.5M | 40x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,553.3 | −0.108% | $2.5M | $8.5M | 100x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,607 | −0.046% | $21.7M | $235.8M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,682 | +0.041% | $3.83B | $5.11B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,625.7 | −0.024% | $40.9M | $485.8M | 50x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,598 | −0.056% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,662.6 | +0.019% | $7.4M | $93.7M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,665 | +0.021% | $572.2M | $23.5M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,564.7 | −0.094% | $38.1M | $148.2M | 75x | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,571.4 | −0.087% | $279.7M | $948.9M | 100x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,564.8 | −0.094% | $141.5M | $323.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,555 | −0.106% | $30.8M | $205.8M | 40x | as long as short |
| Vest BTC-PERPlong | +0.0100% | 1h | 86,646.5 | long leg | — | $11.6M | 50x | |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,592 | −0.063% | $11.0M | $13.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,558.5 | −0.102% | $197K | $3.4M | 20x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,562.1 | −0.097% | $140K | $619K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,548.6 | −0.113% | $30.0M | $61.5M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,558.3 | −0.102% | $3.4M | $5.6M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,547.6 | −0.114% | $2.30B | $956.7M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,574.7 | −0.083% | $46.5M | $229.0M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,585.5 | −0.070% | — | $98.0M | 500x | as long as short |
| Kalshi KXBTCPERP | +0.0115% | 8h | 86,588 | −0.068% | $8.9M | $723.3M | 6.4x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0117% | 1h | 86,578.5 | −0.079% | $190.6M | $928.5M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,590.5 | −0.065% | $131.7M | $5.87B | 50x | as long as short |
| BloFin BTC-USDT | +0.0169% | 8h | 86,567.5 | −0.091% | $418.5M | $641.8M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0178% / S −0.0181% | 1h | 86,576.1 | −0.081% | $14.7M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0216% | 1h | 86,604.1 | −0.049% | $600K | $7.2M | 30x | as long as short |
Reya BTCRUSDPERP
BingX BTC-USDC
Bitget BTCUSDT
Phemex BTCUSDT
MEXC BTC_USDT
Aevo BTC-PERP
Binance BTCUSDT
Injective BTC/USDC PERP
RISEx BTC/USDC
OKX BTC-USDT-SWAP
Gate BTC_USDT
Bybit BTCUSDT
Variational Omni BTC
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
GRVT BTC_USDT_Perp
Paradex BTC-USD-PERP
Katana Perps BTC-USD
SoDEX BTC-USD
Orderly PERP_BTC_USDC
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Backpack BTC_USDC_PERP
edgeX BTCUSDC
ApeX Omni BTCUSDT
StandX BTC-USD
Polymarket Perps BTC-USD
Bullet BTC-USD
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kalshi KXBTCPERP
Kraken Futures PF_XBTUSD
Coinbase International BTC-PERP-INTX
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P