Funding you earn now, next payment 05:00 UTC+0.0108%/8h= +11.8% APRnext payment +$0.14 per $10,000 · paid last 24h +0.037%
Price spread now: Vest against 01 Exchange+0.061%7-day average +0.011% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.062%+$6 on $10k
+Price spread, last 7 days−0.052%−$5 · spread now +0.061%, 7d avg +0.011%
=Together, before fees+0.010%+ Points / potential airdropVest: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Vest is 0.050% dearer against 01 Exchange than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.011%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange BTCUSD | 85,422 | −0.0008 | get 0.0001% / 1h | 8m 16s | $363K | $2.3M | 50x |
| Short | Vest BTC-PERP | 85,474.1 | 0.0100 | get 0.0013% / 1h | 8m 16s | — | $11.0M | 50x |
01 Exchange BTCUSD
Vest BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest against 01 Exchange. 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
- $22.68
- Price spread: +0.061% → +0.011%
- $4.99
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- $18.67
- Costs to cover
- 0.090%
- Break-even
- 1.2 days
Slippage unknown: 01 Exchange: live order book, 1 min ago; Vest: no order-book sample. 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 01 Exchange live order book, 1 min ago | 0.01 bp | 3.8 bp −$4 | 9.3 bp −$93 | doesn't fit | doesn't fit |
| Sell Vest no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0140% | 1h | 85,444 | +0.026% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,426 | +0.005% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0046% | 8h | 85,402.5 | −0.023% | $919.0M | $758.0M | 125x | as long as short |
| BloFin BTC-USDT | −0.0029% | 8h | 85,430 | +0.009% | $419.7M | $675.3M | 150x | as long as short |
| Aster BTCUSDT | −0.0011% | 8h | 85,411.4 | −0.012% | $514.2M | $1.10B | 200x | as long as short |
| 01 Exchange BTCUSDlong | −0.0008% | 1h | 85,422 | long leg | $363K | $2.3M | 50x | |
| Perpl BTC | 0.0000% | 43m | 85,415.1 | −0.008% | $502K | $18.7M | 6.7x | as long as short |
| Nado BTC-PERP | +0.0003% | 1h | 85,407.3 | −0.017% | $24.4M | $222.9M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,432.8 | +0.013% | $36.5M | — | 200x | as long as short |
| dYdX BTC-USD | +0.0027% | 1h | 85,448.7 | +0.031% | $16.8M | $21.2M | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
Perpl BTC
Nado BTC-PERP
gTrade (Gains Network) BTC/USD
dYdX BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0044% | 1h | 85,552 | +0.152% | $340K | $26.9M | 52x | as long as short |
| SoDEX BTC-USD | +0.0045% | 1h | 85,421 | −0.001% | $59.8M | $335.9M | 40x | as long as short |
| BingX BTC-USDC | +0.0063% | 8h | 85,403.2 | −0.022% | — | $17.1M | — | as long as short |
| Phemex BTCUSDT | +0.0066% | 8h | 85,421.5 | −0.001% | $148.6M | $497.8M | 150x | as long as short |
| Bitget BTCUSDT | +0.0079% | 8h | 85,418.7 | −0.004% | $2.95B | $5.12B | 150x | as long as short |
| Aevo BTC-PERP | +0.0088% | 1h | 85,415 | −0.008% | $2.9M | $3.9M | 20x | as long as short |
| MEXC BTC_USDT | +0.0090% | 8h | 85,417.9 | −0.005% | $5.07B | $5.68B | 500x | as long as short |
| Binance BTCUSDT | +0.0091% | 8h | 85,421.4 | −0.001% | $9.45B | $24.48B | 150x | as long as short |
| Deribit BTC-PERPETUAL | +0.0094% | 1h | 85,466.2 | +0.052% | $872.3M | $1.60B | 50x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,430.4 | +0.010% | $171.9M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,424.6 | +0.003% | $23.9M | $149.1M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,404 | −0.021% | $8.4M | $55.2M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,393 | −0.034% | $228K | $8.4M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,459.8 | +0.044% | $5.7M | $9.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,494 | +0.084% | $3.78B | $5.02B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,452.1 | +0.035% | $40.4M | $590.4M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,414.1 | −0.009% | $5.17B | $9.86B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,425.7 | +0.004% | $2.59B | $12.11B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,417 | −0.006% | $3.8M | $17.7M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,412.3 | −0.011% | $4.7M | $99.4M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,455.5 | +0.039% | $679.5M | $683.6M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,421.7 | 0.000% | $5.53B | $10.86B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,403.6 | −0.022% | $36.4M | $178.0M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,415.2 | −0.008% | $154.4M | $565.2M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,455.6 | +0.039% | $279.2M | $930.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,470.5 | +0.057% | $214.8M | $168.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,468.6 | +0.055% | $139.7M | $316.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,468 | +0.054% | $30.2M | $206.7M | 40x | as long as short |
| Vest BTC-PERPshort | +0.0100% | 1h | 85,474.1 | +0.061% | — | $11.0M | 50x | |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,422 | 0.000% | $11.1M | $14.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,418.3 | −0.004% | $204K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,416.3 | −0.007% | $2.5M | $8.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,466.4 | +0.052% | $206K | $737K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,402.5 | −0.023% | $30.0M | $50.4M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,386.3 | −0.042% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,404.3 | −0.021% | $2.26B | $950.1M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,396.1 | −0.030% | $45.8M | $234.7M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,430.3 | +0.010% | — | $106.4M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,448.2 | +0.031% | $117.6M | $5.26B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0105% | 1h | 85,405.6 | −0.019% | $6.6M | $147.2M | 40x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0135% | 1h | 85,442.9 | +0.024% | $187.7M | $956.8M | 100x | as long as short |
| Kalshi KXBTCPERP | +0.0159% | 8h | 85,455 | +0.039% | $11.4M | $752.9M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,443.2 | +0.025% | $8.6M | $42.9M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,430.1 | +0.009% | $13.0M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0232% | 1h | 85,465.9 | +0.051% | $700K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0255% | 1h | 85,479.2 | +0.067% | $79K | $222K | 20x | as long as short |
Injective BTC/USDC PERP
SoDEX BTC-USD
BingX BTC-USDC
Phemex BTCUSDT
Bitget BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Deribit BTC-PERPETUAL
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
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
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
Kraken Futures PF_XBTUSD
Kalshi KXBTCPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD