Funding you earn now, next payment 08:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h +0.008%
Price spread now: Vest against Kalshi+0.044%7-day average +0.012% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.010%+$1 on $10k
+Price spread, last 7 days−0.063%−$6 · spread now +0.044%, 7d avg +0.012%
=Together, before fees−0.053%+ Points / potential airdropVest: Active · farm board−$5 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Vest is 0.031% dearer against Kalshi than usual: you sell high and buy low (spread +0.044% now, against its 7-day average of +0.012%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 35 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXBTCPERP | 85,472 | 0.0172 | pay 0.0172% / 8h | 4h 45m | $12.1M | $737.9M | 6.4x |
| Short | Vest BTC-PERP | 85,509.4 | 0.0100 | get 0.0013% / 1h | 45m 58s | — | $10.0M | 50x |
Kalshi KXBTCPERP
Vest BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest against Kalshi. 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
- −$15.18
- Price spread: +0.044% → +0.012%
- $3.13
- Slippage, 4 orders
- no order book: not counted
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$24.05
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Kalshi: live order book, 3 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 Kalshi live order book, 3 min ago | 0.12 bp | 5.3 bp −$5 | 6.4 bp −$64 | 7.5 bp −$755 | 12.1 bp −$6,053 |
| 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,448 | −0.028% | $8K | $3K | 50x | as long as short |
| Phoenix BTC | −0.0034% | 1h | 85,395 | −0.090% | $2.3M | $10.8M | 40x | as long as short |
| KuCoin XBTUSDTM | −0.0028% | 8h | 85,426.3 | −0.053% | $931.6M | $774.5M | 125x | as long as short |
| BloFin BTC-USDT | −0.0022% | 8h | 85,429.8 | −0.049% | $421.9M | $682.9M | 150x | as long as short |
| Aster BTCUSDT | −0.0005% | 8h | 85,410.7 | −0.072% | $512.4M | $1.09B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,466 | −0.007% | $348K | $2.3M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,458.4 | −0.016% | $488K | $18.3M | 6.7x | as long as short |
| dYdX BTC-USD | +0.0004% | 1h | 85,444.2 | −0.033% | $16.7M | $21.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,440.4 | −0.037% | $36.5M | — | 200x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0026% | 1h | 85,452.3 | −0.023% | $185.5M | $952.7M | 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 | −0.123% | $338K | $24.6M | 52x | as long as short |
| ApeX Omni BTCUSDT | +0.0067% | 1h | 85,418 | −0.063% | $139.6M | $313.0M | 100x | as long as short |
| BingX BTC-USDC | +0.0068% | 8h | 85,393.9 | −0.091% | — | $17.4M | — | as long as short |
| Nado BTC-PERP | +0.0076% | 1h | 85,433.1 | −0.046% | $24.1M | $220.0M | 50x | as long as short |
| Bybit BTCUSDT | +0.0084% | 8h | 85,405.8 | −0.077% | $5.14B | $9.99B | 150x | as long as short |
| Bitget BTCUSDT | +0.0091% | 8h | 85,416.2 | −0.065% | $2.98B | $5.17B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,447.6 | −0.029% | $169.4M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,443.4 | −0.033% | $23.6M | $147.9M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,452 | −0.023% | $8.4M | $57.4M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,435.5 | −0.043% | $2.4M | $6.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0097% | 8h | 85,416 | −0.066% | $5.05B | $5.72B | 500x | as long as short |
| Binance BTCUSDT | +0.0098% | 8h | 85,413.4 | −0.069% | $9.41B | $25.02B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,441 | −0.036% | $272K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,508.9 | +0.043% | $5.8M | $9.5M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,514 | +0.049% | $3.76B | $5.07B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,495.9 | +0.028% | $40.1M | $605.5M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,411.1 | −0.071% | $2.60B | $12.21B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,443 | −0.034% | $3.9M | $17.4M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,461 | −0.013% | $4.7M | $96.7M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,349 | −0.144% | $691.7M | $275.1M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,422.3 | −0.058% | $5.54B | $11.02B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,416 | −0.066% | $37.3M | $185.0M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,323.9 | −0.173% | $155.7M | $555.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,356.8 | −0.135% | $279.6M | $954.8M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,389 | −0.097% | $214.4M | $159.1M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,472.8 | +0.001% | $30.1M | $209.2M | 40x | as long as short |
| Vest BTC-PERPshort | +0.0100% | 1h | 85,509.4 | +0.044% | — | $10.0M | 50x | |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,451 | −0.025% | $11.0M | $14.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,451 | −0.025% | $198K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,445.1 | −0.031% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,476.2 | +0.005% | $194K | $795K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,424.1 | −0.056% | $30.0M | $45.9M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,449.9 | −0.026% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,438 | −0.040% | $59.8M | $336.5M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,457.4 | −0.017% | $2.26B | $966.4M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,442.5 | −0.035% | $158.3M | $513.6M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,392.1 | −0.093% | $45.5M | $241.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,470.5 | −0.002% | — | $105.2M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,471 | −0.001% | $112.4M | $5.48B | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0106% | 1h | 85,480.7 | +0.010% | $841.6M | $1.65B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0137% | 1h | 85,433.4 | −0.045% | $6.6M | $146.7M | 40x | as long as short |
| Kalshi KXBTCPERPlong | +0.0172% | 8h | 85,472 | long leg | $12.1M | $737.9M | 6.4x | |
| RISEx BTC/USDC | +0.0174% | 1h | 85,477.8 | +0.007% | $8.7M | $42.8M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0175% / S −0.0147% | 1h | 85,454.6 | −0.020% | $13.0M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0192% | 1h | 85,505.3 | +0.039% | $688K | $7.7M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0285% | 1h | 85,437.8 | −0.040% | $77K | $249K | 20x | as long as short |
Injective BTC/USDC PERP
ApeX Omni BTCUSDT
BingX BTC-USDC
Nado BTC-PERP
Bybit BTCUSDT
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
Variational Omni BTC
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
Deribit BTC-PERPETUAL
Reya BTCRUSDPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD