Funding you earn now, next payment 10:00 UTC+0.0086%/8h= +9.4% APRpaid last 24h −0.008%
Price spread now: Kalshi against Vest−0.031%7-day average −0.013% · 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)−0.011%−$1 on $10k
+Price spread, last 7 days+0.045%+$4 · spread now −0.031%, 7d avg −0.013%
=Together, before fees+0.033%+ Points / potential airdropVest: Active · farm board+$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest BTC-PERP | 86,220.8 | 0.0100 | pay 0.0013% / 1h | 59m 34s | — | $10.5M | 50x |
| Short | Kalshi KXBTCPERP | 86,194 | 0.0186 | get 0.0186% / 8h | 2h 59m | $11.1M | $726.5M | 6.4x |
Vest BTC-PERP
Kalshi KXBTCPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi 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
- $17.97
- Price spread: −0.031% → −0.013%
- −$1.82
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- $4.15
- Costs to cover
- 0.120%
- Break-even
- 5.4 days
Slippage unknown: Vest: no order-book sample; Kalshi: 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 Kalshi live order book, 5 min ago | 0.41 bp | 5.6 bp −$6 | 6.7 bp −$67 | 7.4 bp −$736 | 11.8 bp −$5,909 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.0169% | 1h | 86,238.1 | +0.020% | $196K | $660K | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,180 | −0.047% | $8K | $2K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0056% | 1h | 86,151.8 | −0.080% | $359K | $2.1M | 50x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 86,159.1 | −0.072% | $423.0M | $624.0M | 150x | as long as short |
| Injective BTC/USDC PERP | −0.0006% | 1h | 86,086 | −0.156% | $379K | $28.4M | 52x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 86,207.1 | −0.016% | $36.9M | — | 200x | as long as short |
| dYdX BTC-USD | +0.0032% | 1h | 86,197.2 | −0.027% | $16.9M | $17.6M | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0035% | 8h | 86,186.4 | −0.040% | $938.0M | $666.5M | 125x | as long as short |
| Bybit BTCUSDT | +0.0039% | 8h | 86,135.6 | −0.099% | $5.11B | $9.03B | 150x | as long as short |
| BingX BTC-USDT | +0.0045% | 8h | 86,144.7 | −0.088% | — | $1.46B | — | as long as short |
Bluefin BTC-PERP
Hotstuff BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
Injective BTC/USDC PERP
gTrade (Gains Network) BTC/USD
dYdX BTC-USD
KuCoin XBTUSDTM
Bybit BTCUSDT
BingX BTC-USDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BTCUSDT | +0.0048% | 8h | 86,145.8 | −0.087% | $504.2M | $971.5M | 200x | as long as short |
| Phemex BTCUSDT | +0.0067% | 8h | 86,190.6 | −0.035% | $167.9M | $497.4M | 150x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0068% | 1h | 86,215.9 | −0.006% | $189.4M | $866.3M | 100x | as long as short |
| Phoenix BTC | +0.0075% | 1h | 86,213 | −0.009% | $2.3M | $8.2M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,160.2 | −0.070% | $173.6M | $865.1M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,178.9 | −0.049% | $23.4M | $120.7M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,153 | −0.079% | $8.8M | $52.2M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 86,182 | −0.045% | $2.4M | $6.7M | 20x | as long as short |
| SoDEX BTC-USD | +0.0099% | 1h | 86,190 | −0.036% | $60.3M | $257.8M | 40x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,135 | −0.099% | $230K | $8.2M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,190.4 | −0.035% | $6.1M | $8.6M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,146.6 | −0.086% | $21.8M | $210.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,203 | −0.021% | $3.87B | $4.75B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,193.2 | −0.032% | $40.7M | $587.4M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 86,150 | −0.082% | $9.48B | $23.01B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,109.9 | −0.129% | $2.62B | $10.73B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,167 | −0.062% | $4.0M | $16.4M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,189.5 | −0.036% | $4.7M | $93.6M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,176.9 | −0.051% | $711.8M | $175.1M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 86,151.5 | −0.080% | $5.48B | $9.01B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 86,151 | −0.081% | $5.10B | $5.25B | 500x | as long as short |
| Bitget BTCUSDT | +0.0100% | 8h | 86,119.4 | −0.118% | $2.98B | $4.53B | 150x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,181.9 | −0.045% | $37.6M | $188.1M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,123.1 | −0.113% | $158.4M | $509.2M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,177.4 | −0.050% | $290.1M | $989.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,189.5 | −0.036% | $216.5M | $141.9M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,191.9 | −0.034% | $137.2M | $302.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,171 | −0.058% | $30.3M | $212.5M | 40x | as long as short |
| Vest BTC-PERPlong | +0.0100% | 1h | 86,220.8 | long leg | — | $10.5M | 50x | |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,150 | −0.082% | $11.0M | $13.5M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,193.6 | −0.031% | $206K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,195.1 | −0.030% | $2.6M | $9.5M | 100x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,175.6 | −0.052% | $3.2M | $7.0M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,163.9 | −0.066% | $2.28B | $911.0M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,122.2 | −0.114% | $46.4M | $219.6M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,187.1 | −0.039% | — | $93.4M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,239 | +0.021% | $112.7M | $5.26B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0154% | 1h | 86,102.6 | −0.137% | $6.6M | $131.8M | 40x | as long as short |
| Kalshi KXBTCPERPshort | +0.0186% | 8h | 86,194 | −0.031% | $11.1M | $726.5M | 6.4x | |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0200% / S −0.0185% | 1h | 86,193.4 | −0.032% | $13.3M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0204% | 1h | 86,126.7 | −0.109% | $8.9M | $40.6M | 25x | as long as short |
| Deribit BTC-PERPETUAL | +0.0269% | 1h | 86,254.8 | +0.039% | $838.4M | $1.61B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0280% | 1h | 86,226.6 | +0.007% | $697K | $7.4M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0413% | 1h | 86,236.3 | +0.018% | $82K | $252K | 20x | as long as short |
| Perpl BTC | +0.0447% | 43m | 86,220.3 | −0.001% | $493K | $16.5M | 6.7x | as long as short |
Aster BTCUSDT
Phemex BTCUSDT
Kraken Futures PF_XBTUSD
Phoenix BTC
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
SoDEX BTC-USD
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Binance 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
ApeX Omni BTCUSDT
StandX BTC-USD
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
SunX BTC-USDT
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
GMX BTC/USD [WBTC.b-USDC]
RISEx BTC/USDC
Deribit BTC-PERPETUAL
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
Perpl BTC