Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Variational Omni against Vest−0.073%7-day average −0.017% · 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)+0.029%+$3 on $10k
+Price spread, last 7 days+0.051%+$5 · spread now −0.073%, 7d avg −0.017%
=Together, before fees+0.080%+ Points / potential airdropVest: Active · Variational Omni: Active · farm board+$8 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: Variational Omni is 0.055% cheaper against Vest than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.017%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest BTC-PERP | 85,488.7 | 0.0100 | pay 0.0013% / 1h | 44m 25s | — | $10.1M | 50x |
| Short | Variational Omni BTC | 85,426.4 | 0.0100 | get 0.0100% / 8h | 44m 25s | $156.0M | $554.8M | — |
Vest BTC-PERP
Variational Omni BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- $0
- Price spread: −0.073% → −0.017%
- −$5.54
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$7.54
- Costs to cover
- 0.020%
- Break-even
- never at this rate
Slippage unknown: Vest: no order-book sample; Variational Omni: RFQ quote, 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 Variational Omni RFQ quote, 5 min ago | 0.50 bp | doesn't fit | 0.5 bp −$5 | 1.2 bp −$119 | doesn't fit |
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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,414 | −0.087% | $8K | $3K | 50x | as long as short |
| Phoenix BTC | −0.0034% | 1h | 85,472 | −0.019% | $2.3M | $10.8M | 40x | as long as short |
| KuCoin XBTUSDTM | −0.0026% | 8h | 85,424.1 | −0.076% | $931.6M | $774.5M | 125x | as long as short |
| BloFin BTC-USDT | −0.0022% | 8h | 85,423.5 | −0.076% | $420.9M | $682.7M | 150x | as long as short |
| Aster BTCUSDT | −0.0006% | 8h | 85,418.3 | −0.082% | $512.4M | $1.09B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,431.9 | −0.066% | $348K | $2.3M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,439 | −0.058% | $484K | $18.3M | 6.7x | as long as short |
| dYdX BTC-USD | +0.0004% | 1h | 85,444.2 | −0.052% | $16.7M | $21.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,431.4 | −0.067% | $36.5M | — | 200x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0026% | 1h | 85,433.1 | −0.065% | $185.4M | $952.8M | 100x | as long as short |
Hotstuff BTC-PERP
Phoenix BTC
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
01 Exchange BTCUSD
Perpl BTC
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Kraken Futures PF_XBTUSDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0067% | 1h | 85,367 | −0.142% | $338K | $24.6M | 52x | as long as short |
| ApeX Omni BTCUSDT | +0.0067% | 1h | 85,418 | −0.083% | $139.6M | $313.0M | 100x | as long as short |
| BingX BTC-USDC | +0.0068% | 8h | 85,393.4 | −0.111% | — | $17.4M | — | as long as short |
| Nado BTC-PERP | +0.0078% | 1h | 85,435.4 | −0.062% | $24.1M | $220.0M | 50x | as long as short |
| Bybit BTCUSDT | +0.0084% | 8h | 85,419.9 | −0.080% | $5.14B | $9.98B | 150x | as long as short |
| Deribit BTC-PERPETUAL | +0.0090% | 1h | 85,461.2 | −0.032% | $841.6M | $1.65B | 50x | as long as short |
| Bitget BTCUSDT | +0.0091% | 8h | 85,425.2 | −0.074% | $2.98B | $5.17B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,425.5 | −0.074% | $169.3M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,423.7 | −0.076% | $23.6M | $147.9M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,419 | −0.081% | $8.4M | $57.4M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,415.5 | −0.086% | $2.4M | $6.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0097% | 8h | 85,428.3 | −0.071% | $5.05B | $5.72B | 500x | as long as short |
| Binance BTCUSDT | +0.0097% | 8h | 85,429.4 | −0.069% | $9.42B | $25.00B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,399 | −0.105% | $272K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,447.4 | −0.048% | $5.8M | $9.5M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,505 | +0.019% | $3.76B | $5.07B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,444.5 | −0.052% | $40.1M | $605.5M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,423.4 | −0.076% | $2.60B | $12.21B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,423 | −0.077% | $3.9M | $17.3M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,424.6 | −0.075% | $4.7M | $96.7M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,349 | −0.163% | $691.7M | $275.1M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,416 | −0.085% | $5.54B | $11.02B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,425.6 | −0.074% | $37.3M | $185.0M | 75x | as long as short |
| Variational Omni BTCshort | +0.0100% | 8h | 85,426.4 | −0.073% | $156.0M | $554.8M | — | |
| edgeX BTCUSDC | +0.0100% | 4h | 85,436.8 | −0.061% | $283.3M | $959.9M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,457.4 | −0.037% | $214.5M | $159.5M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,410.5 | −0.091% | $30.1M | $209.4M | 40x | as long as short |
| Vest BTC-PERPlong | +0.0100% | 1h | 85,488.7 | long leg | — | $10.1M | 50x | |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,429 | −0.070% | $11.0M | $14.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,428 | −0.071% | $198K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,422.6 | −0.077% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,459.6 | −0.034% | $194K | $795K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,424.1 | −0.076% | $30.0M | $45.9M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,424.5 | −0.075% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,423 | −0.077% | $59.8M | $336.5M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,417.5 | −0.083% | $2.26B | $965.5M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,430.6 | −0.068% | $158.3M | $513.6M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,388.3 | −0.117% | $45.5M | $241.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,433.2 | −0.065% | — | $105.2M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,464 | −0.029% | $112.4M | $5.48B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0137% | 1h | 85,414.3 | −0.087% | $6.6M | $146.5M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0173% | 8h | 85,453 | −0.042% | $12.0M | $737.8M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,453 | −0.042% | $8.8M | $42.8M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0175% / S −0.0147% | 1h | 85,430.7 | −0.068% | $13.0M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0200% | 1h | 85,484.1 | −0.005% | $684K | $7.7M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0285% | 1h | 85,438.8 | −0.058% | $79K | $252K | 20x | as long as short |
Injective BTC/USDC PERP
ApeX Omni BTCUSDT
BingX BTC-USDC
Nado BTC-PERP
Bybit BTCUSDT
Deribit BTC-PERPETUAL
Bitget BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
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
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
Kalshi KXBTCPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD