Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −11.0% APRnext payment −$0.13 per $10,000 · paid last 24h −0.021%
Price spread now: Vest against GMX+0.069%7-day average −0.022% · 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)−0.108%−$11 on $10k
+Price spread, last 4 days (all we have)−0.118%−$12 · spread now +0.069%, 7d avg −0.022%
=Together, before fees−0.226%+ Points / potential airdropVest: Active · farm board−$23 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Vest is 0.091% dearer against GMX than usual: you sell high and buy low (spread +0.069% now, against its 7-day average of −0.022%): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX BTC/USD [WBTC.b-USDC] | 85,529.2 | L +0.0200% / S −0.0176% | pay 0.0025% / 1h | 16m 51s | $13.1M | — | 200x |
| Short | Vest BTC-PERP | 85,588.4 | 0.0100 | get 0.0013% / 1h | 16m 51s | — | $10.7M | 50x |
GMX BTC/USD [WBTC.b-USDC]
Vest BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest against GMX. 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
- −$21.1
- Price spread: +0.069% → −0.022%
- $9.14
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$25.97
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; 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 GMX no order-book sample | — | — | — | — | — |
| Sell Vest no order-book sample | — | — | — | — | — |
GMX and 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 55 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 | −0.0082% | 1h | 85,513 | −0.019% | $2.2M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,511 | −0.021% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0039% | 8h | 85,514.5 | −0.017% | $929.7M | $775.3M | 125x | as long as short |
| BloFin BTC-USDT | −0.0022% | 8h | 85,517.2 | −0.014% | $420.1M | $682.9M | 150x | as long as short |
| Aster BTCUSDT | −0.0004% | 8h | 85,507.1 | −0.026% | $513.6M | $1.09B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,533.4 | +0.005% | $353K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,539.1 | +0.012% | $490K | $18.4M | 6.7x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 85,517.7 | −0.013% | $16.8M | $21.2M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,530.2 | +0.001% | $36.6M | — | 200x | as long as short |
| Nado BTC-PERP | +0.0041% | 1h | 85,515.4 | −0.016% | $24.3M | $222.6M | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
01 Exchange BTCUSD
Perpl BTC
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Nado BTC-PERPShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex BTCUSDT | +0.0048% | 1h | 85,528 | −0.001% | $8.4M | $56.6M | 100x | as long as short |
| Deribit BTC-PERPETUAL | +0.0049% | 1h | 85,551.3 | +0.026% | $861.5M | $1.63B | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0057% | 1h | 85,247 | −0.330% | $338K | $26.8M | 52x | as long as short |
| BingX BTC-USDC | +0.0072% | 8h | 85,498.3 | −0.036% | — | $17.5M | — | as long as short |
| Kraken Futures PF_XBTUSD | +0.0089% | 1h | 85,531.3 | +0.002% | $186.2M | $960.0M | 100x | as long as short |
| Bitget BTCUSDT | +0.0091% | 8h | 85,518.4 | −0.013% | $2.97B | $5.17B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,519.1 | −0.012% | $170.2M | $1.03B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,533.2 | +0.005% | $23.6M | $148.4M | 50x | as long as short |
| MEXC BTC_USDT | +0.0096% | 8h | 85,516.4 | −0.015% | $5.03B | $5.77B | 500x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,513.5 | −0.018% | $2.4M | $6.7M | 20x | as long as short |
| Binance BTCUSDT | +0.0098% | 8h | 85,516.4 | −0.015% | $9.43B | $24.99B | 150x | as long as short |
| Bybit BTCUSDT | +0.0099% | 8h | 85,506.1 | −0.027% | $5.15B | $9.99B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,502 | −0.032% | $243K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,570.9 | +0.049% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,599 | +0.082% | $3.75B | $5.08B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,553.1 | +0.028% | $40.1M | $603.8M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,518.1 | −0.013% | $2.60B | $12.27B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,527 | −0.003% | $3.8M | $17.1M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,514.7 | −0.017% | $5.1M | $97.4M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,499.5 | −0.035% | $686.3M | $379.3M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,519.3 | −0.012% | $5.57B | $11.06B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,508.4 | −0.024% | $37.3M | $179.2M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,463.4 | −0.077% | $155.5M | $557.6M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,506.8 | −0.026% | $280.1M | $952.9M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,525 | −0.005% | $214.7M | $164.4M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,499.2 | −0.035% | $139.8M | $313.4M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,523 | −0.007% | $30.1M | $205.6M | 40x | as long as short |
| Vest BTC-PERPshort | +0.0100% | 1h | 85,588.4 | +0.069% | — | $10.7M | 50x | |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,523 | −0.007% | $11.0M | $14.6M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,523.1 | −0.007% | $201K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,519.4 | −0.011% | $2.6M | $9.7M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,561.9 | +0.038% | $194K | $796K | 40x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,517 | −0.014% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,517 | −0.014% | $59.9M | $336.8M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,514.7 | −0.017% | $2.26B | $966.7M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,524.3 | −0.006% | $154.5M | $512.1M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,492.5 | −0.043% | $44.9M | $240.7M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,529 | 0.000% | — | $104.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,550.6 | +0.025% | $114.5M | $5.50B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0131% | 1h | 85,513 | −0.019% | $6.6M | $147.7M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0184% | 8h | 85,540 | +0.013% | $12.0M | $742.0M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0193% | 1h | 85,546.2 | +0.020% | $8.8M | $42.7M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC]long | L +0.0200% / S −0.0176% | 1h | 85,529.2 | long leg | $13.1M | — | 200x | |
| Hibachi BTC/USDT-P | +0.0224% | 1h | 85,537.7 | +0.010% | $685K | $7.8M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0249% | 1h | 85,501.9 | −0.032% | $79K | $230K | 20x | as long as short |
Popdex BTCUSDT
Deribit BTC-PERPETUAL
Injective BTC/USDC PERP
BingX BTC-USDC
Kraken Futures PF_XBTUSD
Bitget BTCUSDT
Lighter BTC
Lighter RH BTC
MEXC BTC_USDT
Aevo BTC-PERP
Binance BTCUSDT
Bybit 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
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
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
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD