Funding you earn now, next payment 02:00 UTC−0.0041%/8h= −4.5% APRpaid last 24h −0.008%
Price spread now: HTX against Vest−0.080%7-day average −0.028% · 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)−0.001%$0 on $10k
+Price spread, last 3 days (all we have)+0.066%+$7 · spread now −0.080%, 7d avg −0.028%
=Together, before fees+0.065%+ Points / potential airdropVest: Active · farm board+$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and HTX is 0.052% cheaper against Vest than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.028%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest BTC-PERP | 85,656 | 0.0100 | pay 0.0013% / 1h | 1m 36s | — | $11.8M | 50x |
| Short | HTX BTC-USDT | 85,587.6 | 0.0059 | get 0.0059% / 8h | 6h 01m | $2.27B | $933.7M | 200x |
Vest BTC-PERP
HTX BTC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$8.61
- Price spread: −0.080% → −0.028%
- −$5.22
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$27.82
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Vest: no order-book sample; HTX: live order book, 3 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 HTX live order book, 3 min ago | 0.01 bp | 6.0 bp −$6 | 6.0 bp −$60 | 6.0 bp −$603 | 10.0 bp −$4,997 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0144% | 1h | 85,616 | −0.047% | $2.1M | $10.5M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,601 | −0.064% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0064% | 1h | 85,553.7 | −0.119% | $362K | $2.3M | 50x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 85,582.9 | −0.085% | $16.7M | $21.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,605.6 | −0.059% | $36.7M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0020% | 1h | 85,661 | +0.006% | $340K | $26.9M | 52x | as long as short |
| Aster BTCUSDT | +0.0023% | 8h | 85,579.1 | −0.090% | $516.0M | $1.12B | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0024% | 8h | 85,550.3 | −0.123% | $901.8M | $748.9M | 125x | as long as short |
| Nado BTC-PERP | +0.0031% | 1h | 85,601.9 | −0.063% | $22.6M | $225.6M | 50x | as long as short |
| RISEx BTC/USDC | +0.0044% | 1h | 85,585 | −0.083% | $8.4M | $42.2M | 25x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERP
Aster BTCUSDT
KuCoin XBTUSDTM
Nado BTC-PERP
RISEx BTC/USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0055% | 8h | 85,556.5 | −0.116% | — | $1.55B | — | as long as short |
| HTX BTC-USDTshort | +0.0059% | 8h | 85,587.6 | −0.080% | $2.27B | $933.7M | 200x | |
| Reya BTCRUSDPERP | +0.0062% | 1h | 85,594.9 | −0.071% | $6.7M | $146.4M | 40x | as long as short |
| Bitget BTCUSDT | +0.0069% | 8h | 85,550 | −0.124% | $2.94B | $5.03B | 150x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,583.1 | −0.085% | $2.5M | $1.7M | 20x | as long as short |
| SunX BTC-USDT | +0.0082% | 8h | 85,587.4 | −0.080% | $2.9M | $6.5M | 100x | as long as short |
| MEXC BTC_USDT | +0.0086% | 8h | 85,556.6 | −0.116% | $5.07B | $5.77B | 500x | as long as short |
| Binance BTCUSDT | +0.0087% | 8h | 85,556.8 | −0.116% | $9.33B | $23.97B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,558.4 | −0.114% | $170.2M | $997.0M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,567.8 | −0.103% | $23.9M | $149.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,553 | −0.120% | $8.4M | $51.6M | 100x | as long as short |
| ApeX Omni BTCUSDT | +0.0097% | 1h | 85,611.5 | −0.052% | $140.0M | $317.0M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0099% | 8h | 85,603.7 | −0.061% | $3.8M | $8.3M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,534 | −0.142% | $204K | $7.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,621 | −0.041% | $3.76B | $4.92B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,589.5 | −0.078% | $40.2M | $569.5M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,560.1 | −0.112% | $5.32B | $9.63B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,554.4 | −0.119% | $2.56B | $12.14B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,569 | −0.102% | $3.9M | $17.9M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,530.7 | −0.146% | $7.1M | $96.4M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,560.1 | −0.112% | $5.58B | $10.61B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,582.7 | −0.086% | $35.0M | $168.1M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,602.8 | −0.062% | $154.0M | $555.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,613.3 | −0.050% | $278.5M | $939.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,624 | −0.037% | $214.9M | $162.9M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,627.7 | −0.033% | $30.3M | $210.3M | 40x | as long as short |
| Vest BTC-PERPlong | +0.0100% | 1h | 85,656 | long leg | — | $11.8M | 50x | |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,592 | −0.075% | $11.0M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,595.6 | −0.071% | $187K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,592.6 | −0.074% | $2.4M | $8.9M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,631.4 | −0.029% | $197K | $722K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,589.7 | −0.077% | $30.0M | $52.7M | 15x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,588 | −0.079% | $59.9M | $336.4M | 40x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,586.5 | −0.081% | $150.4M | $480.0M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,593.2 | −0.073% | $605.0M | $283.5M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,533.8 | −0.143% | $44.1M | $227.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,605 | −0.059% | — | $101.8M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,625 | −0.036% | $130.7M | $5.09B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0146% | 1h | 85,608.7 | −0.055% | $187.0M | $952.7M | 100x | as long as short |
| Hibachi BTC/USDT-P | +0.0176% | 1h | 85,669.3 | +0.016% | $682K | $7.8M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0182% | 1h | 85,626.4 | −0.035% | $78K | $219K | 20x | as long as short |
| Deribit BTC-PERPETUAL | +0.0190% | 1h | 85,635.8 | −0.024% | $894.9M | $1.52B | 50x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0203% / S −0.0186% | 1h | 85,601.1 | −0.064% | $13.5M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0212% | 8h | 85,623 | −0.039% | $10.2M | $765.4M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,619.1 | −0.043% | $511K | $19.9M | 6.7x | as long as short |
BingX BTC-USDT
Reya BTCRUSDPERP
Bitget BTCUSDT
Aevo BTC-PERP
SunX BTC-USDT
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
ApeX Omni BTCUSDT
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
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
SoDEX BTC-USD
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
Deribit BTC-PERPETUAL
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Perpl BTC