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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%
Price spread now: StandX against Vest−0.040%7-day average −0.011% · 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 3 days (all we have)+0.027%+$3 on $10k
Price spread, last 7 days+0.029%+$3 · spread now −0.040%, 7d avg −0.011%
Together, before fees+0.056%+ Points / potential airdropVest: Active · StandX: Active · farm board+$6 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: StandX is 0.030% cheaper against Vest than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.011%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest BTC-PERP86,239.40.0100pay 0.0013% / 1h9m 18s$11.8M50x
ShortStandX BTC-USD86,204.70.0100get 0.0013% / 1h9m 18s$30.6M$207.8M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX 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: −0.040% → −0.011%
−$2.96
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee StandX: 4 bp × 2 orders
−$8
Net
−$12.96
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Vest: no order-book sample; StandX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Vest no order-book sample
Sell StandX live order book, 5 min ago1.27 bp6.6 bp −$77.4 bp −$748.2 bp −$8169.7 bp −$4,839
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
Phoenix BTC−0.0129%1h86,215−0.028%$2.2M$11.2M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,220−0.022%$9K$3K50xas long as short
01 Exchange BTCUSD−0.0040%1h86,180.3−0.069%$363K$2.3M50xas long as short
Perpl BTC0.0000%43m86,218.3−0.024%$571K$21.2M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h86,184.7−0.063%$36.8M200xas long as short
Injective BTC/USDC PERP+0.0023%1h86,365+0.146%$343K$26.9M52xas long as short
dYdX BTC-USD+0.0026%1h86,219−0.024%$16.9M$20.5M50xas long as short
Aster BTCUSDT+0.0032%8h86,151.9−0.101%$499.4M$1.13B200xas long as short
Bluefin BTC-PERP+0.0033%1h86,190.2−0.057%$144K$666K40xas long as short
KuCoin XBTUSDTM+0.0045%8h86,186.4−0.061%$829.5M$714.9M125xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0049%1h86,163.2−0.088%$6.7M$145.8M40xas long as short
BingX BTC-USDC+0.0052%8h86,174.7−0.075%$15.3Mas long as short
RISEx BTC/USDC+0.0052%1h86,199.5−0.046%$8.3M$42.4M25xas long as short
Bitget BTCUSDT+0.0066%8h86,164.4−0.087%$2.97B$5.04B150xas long as short
SoDEX BTC-USD+0.0075%1h86,149−0.105%$60.4M$338.3M40xas long as short
Aevo BTC-PERP+0.0080%1h86,151.4−0.102%$2.5M$1.8M20xas long as short
Phemex BTCUSDT+0.0082%8h86,144.3−0.110%$155.7M$473.3M150xas long as short
HTX BTC-USDT+0.0083%8h86,112.7−0.147%$2.29B$957.4M200xas long as short
MEXC BTC_USDT+0.0084%8h86,156.4−0.096%$5.10B$5.76B500xas long as short
Binance BTCUSDT+0.0084%8h86,134.9−0.121%$9.38B$24.22B150xas long as short
Gate BTC_USDT+0.0085%8h86,172.7−0.077%$5.77B$10.64B200xas long as short
Lighter BTC+0.0096%1h86,155.3−0.097%$170.1M$993.4M50xas long as short
Lighter RH BTC+0.0096%1h86,162.2−0.089%$23.6M$152.1M50xas long as short
Popdex BTCUSDT+0.0096%1h86,184−0.064%$8.4M$52.0M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,168−0.083%$201K$7.3M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,245.1+0.007%$4.2M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,202.9−0.042%$22.2M$225.1M50xas long as short
Hyperliquid BTC+0.0100%1h86,230−0.011%$3.78B$4.95B40xas long as short
Pacifica BTC+0.0100%1h86,239.30.000%$40.9M$560.8M50xas long as short
Bybit BTCUSDT+0.0100%8h86,156.6−0.096%$5.25B$9.64B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,130.7−0.126%$2.56B$12.40B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,188−0.060%$3.9M$17.8M25xas long as short
Arcus BTC-USD+0.0100%1h86,212.8−0.031%$7.2M$95.0M40xas long as short
Bulk BTC-USD+0.0100%1h86,145.7−0.109%$580.3M$59.0M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,173−0.077%$35.5M$161.7M75xas long as short
Variational Omni BTC+0.0100%8h86,205.5−0.039%$156.7M$558.7Mas long as short
edgeX BTCUSDC+0.0100%4h86,200.1−0.046%$278.4M$938.7M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,266+0.031%$216.6M$165.4M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,239.50.000%$141.2M$320.0M100xas long as short
StandX BTC-USDshort+0.0100%1h86,204.7−0.040%$30.6M$207.8M40x
Vest BTC-PERPlong+0.0100%1h86,239.4long leg$11.8M50x
Polymarket Perps BTC-USD+0.0100%1h86,185−0.063%$11.1M$14.0M50xas long as short
Bullet BTC-USD+0.0100%1h86,166−0.085%$190K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,159−0.093%$2.4M$9.1M100xas long as short
Derive BTC-PERP+0.0100%1h86,180.6−0.068%$30.3M$56.7M15xas long as short
SunX BTC-USDT+0.0100%8h86,134.8−0.121%$3.3M$5.4M100xas long as short
Extended BTC-USD+0.0104%1h86,140.1−0.115%$46.0M$222.3M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,200.1−0.045%$98.9M500xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,177−0.072%$132.2M$5.28B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,165.7−0.085%$191.5M$950.6M100xas long as short
Hibachi BTC/USDT-P+0.0144%1h86,241.3+0.002%$731K$7.9M30xas long as short
Aftermath Perps BTCUSD+0.0169%1h86,267.2+0.032%$77K$217K20xas long as short
Deribit BTC-PERPETUAL+0.0199%1h86,194−0.053%$902.7M$1.51B50xas long as short
BloFin BTC-USDT+0.0204%8h86,134−0.122%$415.3M$640.2M150xas long as short
Kalshi KXBTCPERP+0.0206%8h86,202−0.043%$10.6M$766.4M6.4xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0207% / S −0.0222%1h86,181.3−0.067%$14.5M200xas long as short