Settings8H · net · $10k
Funding arb · Price arb /

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.007%
Price spread now: MEXC against Vest−0.108%7-day average −0.009% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.014%+$1 on $10k
Price spread, last 7 days+0.106%+$11 · spread now −0.108%, 7d avg −0.009%
Together, before fees+0.120%+ Points / potential airdropVest: Active · farm board+$12 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.099% cheaper against Vest than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.009%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest BTC-PERP85,514.90.0100pay 0.0013% / 1h52m 45s$9.5M50x
ShortMEXC BTC_USDT85,422.50.0100get 0.0100% / 8h7h 52m$5.03B$5.71B500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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

Funding earned
$0
Price spread: −0.108% → −0.009%
−$9.88
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$15.88
Costs to cover
0.060%
Break-even
never at this rate
Slippage unknown: Vest: no order-book sample; MEXC: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Vest no order-book sample
Sell MEXC live order book, 1 min ago0.01 bp2.0 bp −$22.0 bp −$202.0 bp −$2012.3 bp −$1,161
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 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff BTC-PERP−0.0080%1h85,442−0.085%$8K$2K50xas long as short
BloFin BTC-USDT−0.0020%8h85,451.6−0.074%$423.5M$684.7M150xas long as short
Injective BTC/USDC PERP−0.0006%1h85,482−0.038%$307K$23.1M52xas long as short
Aster BTCUSDT−0.0005%8h85,425.6−0.104%$502.3M$1.09B200xas long as short
01 Exchange BTCUSD0.0000%1h85,446.2−0.080%$344K$2.3M50xas long as short
KuCoin XBTUSDTM+0.0004%8h85,447.4−0.079%$930.5M$776.7M125xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,439.4−0.088%$36.5M200xas long as short
dYdX BTC-USD+0.0026%1h85,464.7−0.059%$16.7M$21.0M50xas long as short
Kraken Futures PF_XBTUSD+0.0068%1h85,468.1−0.055%$186.4M$953.8M100xas long as short
Phoenix BTC+0.0075%1h85,441−0.086%$2.3M$10.4M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDT+0.0080%8h85,420.2−0.111%$1.58Bas long as short
Deribit BTC-PERPETUAL+0.0087%1h85,487.1−0.032%$830.1M$1.67B50xas long as short
Lighter BTC+0.0096%1h85,470.9−0.051%$170.5M$939.9M50xas long as short
Lighter RH BTC+0.0096%1h85,465.9−0.057%$23.6M$133.5M50xas long as short
Popdex BTCUSDT+0.0096%1h85,442−0.085%$8.7M$58.4M100xas long as short
Aevo BTC-PERP+0.0096%1h85,451.8−0.074%$2.4M$6.7M20xas long as short
Katana Perps BTC-USD+0.0100%8h85,410−0.123%$263K$8.7M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,472.9−0.049%$5.7M$9.6M50xas long as short
Nado BTC-PERP+0.0100%1h85,444.6−0.082%$24.2M$220.2M50xas long as short
Pacifica BTC+0.0100%1h85,443.2−0.084%$40.2M$604.6M50xas long as short
Binance BTCUSDT+0.0100%8h85,420.7−0.110%$9.41B$25.18B150xas long as short
Bybit BTCUSDT+0.0100%8h85,407.5−0.126%$5.08B$10.02B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,404−0.130%$2.61B$12.24B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,439−0.089%$3.8M$17.3M25xas long as short
Arcus BTC-USD+0.0100%1h85,449.4−0.077%$4.6M$97.6M40xas long as short
Bulk BTC-USD+0.0100%1h85,382−0.155%$697.9M$180.4M40xas long as short
Gate BTC_USDT+0.0100%8h85,420.7−0.110%$5.46B$9.84B200xas long as short
MEXC BTC_USDTshort+0.0100%8h85,422.5−0.108%$5.03B$5.71B500x
Bitget BTCUSDT+0.0100%8h85,397.8−0.137%$2.98B$5.18B150xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,443.3−0.084%$37.7M$194.0M75xas long as short
Variational Omni BTC+0.0100%8h85,356−0.186%$155.8M$547.8Mas long as short
edgeX BTCUSDC+0.0100%4h85,324.2−0.223%$283.0M$959.6M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,382.2−0.155%$214.4M$157.6M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,354.3−0.188%$138.1M$312.8M100xas long as short
StandX BTC-USD+0.0100%1h85,441.7−0.086%$30.1M$217.3M40xas long as short
Vest BTC-PERPlong+0.0100%1h85,514.9long leg$9.5M50x
Polymarket Perps BTC-USD+0.0100%1h85,278−0.277%$10.9M$14.9M50xas long as short
Bullet BTC-USD+0.0100%1h85,456−0.069%$200K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,452.6−0.073%$2.7M$9.9M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,500.4−0.017%$194K$796K40xas long as short
SunX BTC-USDT+0.0100%8h85,419.4−0.112%$2.9M$6.1M100xas long as short
SoDEX BTC-USD+0.0100%1h85,452−0.074%$59.8M$336.7M40xas long as short
HTX BTC-USDT+0.0100%8h85,445.8−0.081%$2.26B$974.9M200xas long as short
Phemex BTCUSDT+0.0100%8h85,454.2−0.071%$160.2M$517.3M150xas long as short
Extended BTC-USD+0.0104%1h85,404.2−0.129%$45.7M$242.0M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,441.4−0.086%$107.6M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h85,501.7−0.015%$111.4M$5.47B50xas long as short
Reya BTCRUSDPERP+0.0146%1h85,440−0.088%$6.6M$140.1M40xas long as short
Derive BTC-PERP+0.0170%1h85,488.3−0.031%$28.8M$49.6M15xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0174% / S −0.0148%1h85,451.1−0.075%$13.0M200xas long as short
Kalshi KXBTCPERP+0.0181%8h85,479−0.042%$10.8M$740.2M6.4xas long as short
RISEx BTC/USDC+0.0194%1h85,457.5−0.067%$8.9M$42.9M25xas long as short
Hyperliquid BTC+0.0274%1h85,494−0.024%$3.83B$5.12B40xas long as short
Aftermath Perps BTCUSD+0.0295%1h85,406.9−0.126%$81K$247K20xas long as short
Hibachi BTC/USDT-P+0.0320%1h85,404.5−0.129%$686K$7.7M30xas long as short
Perpl BTC+0.0447%43m85,448.3−0.078%$469K$18.4M6.7xas long as short