Funding you earn now, next payment 12:00 UTC−0.0081%/8h= −8.9% APRnext payment −$0.10 per $10,000 · paid last 24h −0.008%
Price spread now: Kraken Futures against Vest−0.127%7-day average −0.002% · 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)−0.002%$0 on $10k
+Price spread, last 4 days (all we have)+0.144%+$14 · spread now −0.127%, 7d avg −0.002%
=Together, before fees+0.142%+ Points / potential airdropVest: Active · farm board+$14 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Kraken Futures is 0.125% cheaper against Vest than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.002%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest BTC-PERP | 85,965.7 | 0.0100 | pay 0.0013% / 1h | 50m 03s | — | $10.1M | 50x |
| Short | Kraken Futures PF_XBTUSD | 85,856.5 | 0.0019 | get 0.0002% / 1h | 50m 03s | $192.4M | $738.8M | 100x |
Vest BTC-PERP
Kraken Futures PF_XBTUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$17.01
- Price spread: −0.127% → −0.002%
- −$12.49
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$41.5
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Vest: no order-book sample; Kraken Futures: live order book, 2 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 Kraken Futures live order book, 2 min ago | 0.06 bp | 5.1 bp −$5 | 5.8 bp −$58 | 7.2 bp −$719 | 9.3 bp −$4,661 |
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 56 exchanges
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 | −0.0150% | 1h | 85,957 | −0.010% | $2.1M | $7.7M | 40x | as long as short |
| Perpl BTC | −0.0112% | 43m | 85,895.1 | −0.082% | $469K | $13.4M | 6.7x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,930 | −0.042% | $8K | $2K | 50x | as long as short |
| BloFin BTC-USDT | −0.0043% | 8h | 85,880.7 | −0.099% | $421.7M | $549.4M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0032% | 1h | 85,915.5 | −0.058% | $368K | $1.8M | 50x | as long as short |
| SoDEX BTC-USD | −0.0010% | 1h | 85,880 | −0.100% | $65.8M | $187.0M | 40x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,905.2 | −0.070% | $16.8M | $13.6M | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0001% | 1h | 85,912 | −0.063% | $321K | $28.0M | 52x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,949.2 | −0.019% | $36.9M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0016% | 8h | 85,829.5 | −0.158% | $510.9M | $832.8M | 200x | as long as short |
Phoenix BTC
Perpl BTC
Hotstuff BTC-PERP
BloFin BTC-USDT
01 Exchange BTCUSD
SoDEX BTC-USD
dYdX BTC-USD
Injective BTC/USDC PERP
gTrade (Gains Network) BTC/USD
Aster BTCUSDTShow all 56 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XBTUSDshort | +0.0019% | 1h | 85,856.5 | −0.127% | $192.4M | $738.8M | 100x | |
| Popdex BTCUSDT | +0.0032% | 1h | 85,913 | −0.061% | $8.6M | $45.6M | 100x | as long as short |
| BingX BTC-USDC | +0.0047% | 8h | 85,808.7 | −0.183% | — | $16.1M | — | as long as short |
| KuCoin XBTUSDTM | +0.0054% | 8h | 85,878.7 | −0.101% | $943.1M | $633.6M | 125x | as long as short |
| Bybit BTCUSDT | +0.0060% | 8h | 85,839.2 | −0.147% | $5.14B | $7.99B | 150x | as long as short |
| Phemex BTCUSDT | +0.0070% | 8h | 85,820.9 | −0.168% | $170.8M | $474.3M | 150x | as long as short |
| Aevo BTC-PERP | +0.0072% | 1h | 85,857.6 | −0.126% | $2.4M | $6.8M | 20x | as long as short |
| Binance BTCUSDT | +0.0075% | 8h | 85,831.9 | −0.156% | $9.41B | $20.05B | 150x | as long as short |
| MEXC BTC_USDT | +0.0076% | 8h | 85,816.5 | −0.174% | $5.15B | $4.69B | 500x | as long as short |
| Gate BTC_USDT | +0.0079% | 8h | 85,845.4 | −0.140% | $5.51B | $8.75B | 200x | as long as short |
| HTX BTC-USDT | +0.0081% | 8h | 85,843.5 | −0.142% | $2.27B | $770.3M | 200x | as long as short |
| Bitget BTCUSDT | +0.0088% | 8h | 85,798.5 | −0.195% | $3.00B | $3.84B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,862.4 | −0.120% | $173.2M | $830.0M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,842 | −0.144% | $23.8M | $116.8M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,876 | −0.104% | $228K | $8.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,920 | −0.053% | $5.9M | $7.3M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 85,875.6 | −0.105% | $23.3M | $189.5M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,908.3 | −0.067% | $40.3M | $568.5M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,819.7 | −0.170% | $2.63B | $9.12B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,888 | −0.090% | $4.0M | $14.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,903.7 | −0.072% | $4.8M | $91.3M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,814.1 | −0.176% | $38.2M | $196.0M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,863.5 | −0.119% | $156.6M | $472.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,924.3 | −0.048% | $289.7M | $732.3M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,957.8 | −0.009% | $216.0M | $132.5M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,968.8 | +0.004% | $137.9M | $288.3M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,904 | −0.072% | $30.2M | $227.3M | 40x | as long as short |
| Vest BTC-PERPlong | +0.0100% | 1h | 85,965.7 | long leg | — | $10.1M | 50x | |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,921 | −0.052% | $11.1M | $12.0M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,942.1 | −0.027% | $216K | $3.2M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,869.6 | −0.112% | $2.6M | $8.7M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,887.2 | −0.091% | $143K | $608K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,930.7 | −0.041% | $29.1M | $44.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,876.7 | −0.104% | $3.3M | $6.8M | 100x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,951.1 | −0.017% | $715.0M | $86.6M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,762.1 | −0.237% | $47.3M | $192.3M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,937.1 | −0.033% | — | $79.2M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0128% | 1h | 85,874.1 | −0.107% | $112.1M | $4.92B | 50x | as long as short |
| Kalshi KXBTCPERP | +0.0157% | 8h | 85,906 | −0.069% | $13.0M | $738.2M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0165% | 1h | 85,930.1 | −0.041% | $9.1M | $35.5M | 25x | as long as short |
| Reya BTCRUSDPERP | +0.0172% | 1h | 85,907.5 | −0.068% | $6.6M | $125.4M | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0207% | 1h | 85,906.2 | −0.069% | $819.8M | $1.49B | 50x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0211% / S −0.0252% | 1h | 85,946.1 | −0.023% | $15.5M | — | 200x | as long as short |
| Hyperliquid BTC | +0.0223% | 1h | 85,924 | −0.049% | $3.95B | $4.16B | 40x | as long as short |
| Hibachi BTC/USDT-P | +0.0296% | 1h | 85,932.6 | −0.039% | $695K | $6.7M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0325% | 1h | 85,937.1 | −0.033% | $79K | $228K | 20x | as long as short |
Popdex BTCUSDT
BingX BTC-USDC
KuCoin XBTUSDTM
Bybit BTCUSDT
Phemex BTCUSDT
Aevo BTC-PERP
Binance BTCUSDT
MEXC BTC_USDT
Gate BTC_USDT
HTX BTC-USDT
Bitget BTCUSDT
Lighter BTC
Lighter RH BTC
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
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
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kalshi KXBTCPERP
RISEx BTC/USDC
Reya BTCRUSDPERP
Deribit BTC-PERPETUAL
GMX BTC/USD [WBTC.b-USDC]
Hyperliquid BTC
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD