BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0239%/8h= −26.2% APRnext payment −$0.30 per $10,000 · paid last 24h −0.004%

Price spread now: Vest against Aftermath Perps−0.025%7-day average −0.007% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aftermath Perps Short on Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.080%−$8 on $10k

Price spread, last 4 days (all we have)−0.072%−$7 · spread now −0.025%, 7d avg −0.007%

Together, before fees−0.152%+ Points / potential airdropVest: Active · farm board−$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.080% in total (about -8.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.30 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps BTCUSD	85,439.8	0.0339	pay 0.0042% / 1h	28m 16s	$81K	$260K	20x
Short	Vest BTC-PERP	85,418.6	0.0100	get 0.0013% / 1h	28m 16s	—	$10.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Aftermath Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Aftermath PerpsbpFee VestbpOrdersPrice spread, now −0.025%Rate

Funding earned: −$50.25
Price spread: −0.025% → −0.007%: −$1.83
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Vest: 1 bp × 2 orders: −$2
Net: −$63.08
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: live order book, 11 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 Aftermath Perps live order book, 11 min ago	1.00 bp	9.5 bp −$9	12.9 bp −$129	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
Bluefin BTC-PERP	−0.1102%	1h	85,376.2	−0.074%	$194K	$796K	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,359	−0.095%	$8K	$2K	50x	as long as short
BloFin BTC-USDT	−0.0020%	8h	85,366.3	−0.086%	$423.8M	$673.2M	150x	as long as short
Injective BTC/USDC PERP	−0.0006%	1h	85,438	−0.002%	$307K	$25.3M	52x	as long as short
01 Exchange BTCUSD	0.0000%	1h	85,316.2	−0.145%	$351K	$2.2M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,332.1	−0.126%	$36.5M	—	200x	as long as short
KuCoin XBTUSDTM	+0.0018%	8h	85,382.4	−0.067%	$936.4M	$768.8M	125x	as long as short
Aster BTCUSDT	+0.0033%	8h	85,370.6	−0.081%	$502.6M	$1.08B	200x	as long as short
dYdX BTC-USD	+0.0060%	1h	85,376.1	−0.075%	$16.7M	$21.0M	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0068%	1h	85,391	−0.057%	$186.0M	$934.7M	100x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix BTC	+0.0075%	1h	85,542	+0.120%	$2.3M	$10.4M	40x	as long as short
BingX BTC-USDC	+0.0080%	8h	85,303.9	−0.159%	—	$17.3M	—	as long as short
Nado BTC-PERP	+0.0096%	1h	85,328.8	−0.130%	$24.0M	$215.3M	50x	as long as short
Lighter BTC	+0.0096%	1h	85,385.8	−0.063%	$170.9M	$946.8M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,392.2	−0.056%	$23.5M	$134.8M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,318	−0.143%	$8.7M	$57.9M	100x	as long as short
Aevo BTC-PERP	+0.0096%	1h	85,347.5	−0.108%	$2.4M	$6.7M	20x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,287	−0.179%	$264K	$8.7M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,391.8	−0.056%	$5.7M	$9.3M	50x	as long as short
Pacifica BTC	+0.0100%	1h	85,378.1	−0.072%	$40.2M	$602.4M	50x	as long as short
Binance BTCUSDT	+0.0100%	8h	85,379	−0.071%	$9.39B	$24.89B	150x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,380.3	−0.070%	$5.08B	$9.88B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,380.2	−0.070%	$2.61B	$12.01B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,305	−0.158%	$3.9M	$17.2M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,324.8	−0.135%	$5.0M	$97.3M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,303.3	−0.160%	$702.0M	$164.8M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,323.3	−0.136%	$5.49B	$9.93B	200x	as long as short
MEXC BTC_USDT	+0.0100%	8h	85,381.3	−0.069%	$5.05B	$5.76B	500x	as long as short
Bitget BTCUSDT	+0.0100%	8h	85,348.8	−0.107%	$2.97B	$5.09B	150x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,394.8	−0.053%	$37.5M	$193.2M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,397.1	−0.050%	$156.0M	$540.5M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,402.6	−0.044%	$285.5M	$965.6M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,409.3	−0.036%	$214.4M	$155.4M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	85,416.3	−0.028%	$136.6M	$311.9M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	85,396.8	−0.050%	$30.1M	$218.4M	40x	as long as short
Vest BTC-PERPshort	+0.0100%	1h	85,418.6	−0.025%	—	$10.0M	50x
Polymarket Perps BTC-USD	+0.0100%	1h	85,230	−0.246%	$10.9M	$14.5M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,319	−0.141%	$211K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,350.1	−0.105%	$2.7M	$9.8M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,444.6	+0.006%	$28.8M	$52.4M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,366.6	−0.086%	$3.0M	$6.9M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,350	−0.105%	$59.7M	$336.3M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,374.9	−0.076%	$2.26B	$970.5M	200x	as long as short
Phemex BTCUSDT	+0.0100%	8h	85,401.6	−0.045%	$163.7M	$513.7M	150x	as long as short
Extended BTC-USD	+0.0104%	1h	85,327	−0.132%	$45.9M	$239.8M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,370.1	−0.082%	—	$106.3M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	85,409	−0.036%	$111.7M	$5.40B	50x	as long as short
Reya BTCRUSDPERP	+0.0150%	1h	85,318	−0.143%	$6.6M	$137.0M	40x	as long as short
Hyperliquid BTC	+0.0153%	1h	85,393.8	−0.054%	$3.83B	$5.14B	40x	as long as short
Deribit BTC-PERPETUAL	+0.0160%	1h	85,417.9	−0.026%	$832.1M	$1.66B	50x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0174% / S −0.0149%	1h	85,330.6	−0.128%	$13.0M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0194%	8h	85,377	−0.074%	$10.0M	$738.5M	6.4x	as long as short
RISEx BTC/USDC	+0.0194%	1h	85,329	−0.130%	$8.9M	$42.3M	25x	as long as short
Aftermath Perps BTCUSDlong	+0.0339%	1h	85,439.8	long leg	$81K	$260K	20x
Hibachi BTC/USDT-P	+0.0352%	1h	85,451	+0.013%	$688K	$7.6M	30x	as long as short
Perpl BTC	+0.0447%	43m	85,420.9	−0.022%	$459K	$18.1M	6.7x	as long as short