Settings8H · net · $10k
Funding arb · Price arb /

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Vest against Pacifica+0.018%7-day average −0.015% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.037%−$4 on $10k
Price spread, last 7 days−0.030%−$3 · spread now +0.018%, 7d avg −0.015%
Together, before fees−0.067%+ Points / potential airdropPacifica: Active · Vest: Active · farm board−$7 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: Vest is 0.033% dearer against Pacifica than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.015%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica BTC85,491.40.0100pay 0.0013% / 1h32m 23s$40.5M$604.9M50x
ShortVest BTC-PERP85,507.20.0100get 0.0013% / 1h32m 23s$10.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest against Pacifica. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.018% → −0.015%
$3.35
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Vest: 1 bp × 2 orders
−$2
Net
−$6.65
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Pacifica: live order book, 7 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
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica live order book, 7 min ago0.06 bp4.1 bp −$4doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin BTC-PERP−0.1383%1h85,465.6−0.030%$194K$796K40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,437−0.064%$8K$2K50xas long as short
BloFin BTC-USDT−0.0020%8h85,441.3−0.059%$422.6M$676.5M150xas long as short
Injective BTC/USDC PERP−0.0006%1h85,438−0.063%$307K$25.0M52xas long as short
01 Exchange BTCUSD0.0000%1h85,447.3−0.052%$352K$2.3M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,460−0.037%$36.5M200xas long as short
KuCoin XBTUSDTM+0.0015%8h85,427.9−0.074%$936.8M$770.9M125xas long as short
Aster BTCUSDT+0.0033%8h85,416.1−0.088%$502.5M$1.08B200xas long as short
dYdX BTC-USD+0.0050%1h85,470−0.025%$16.7M$21.0M50xas long as short
Kraken Futures PF_XBTUSD+0.0068%1h85,464.9−0.031%$185.7M$937.1M100xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix BTC+0.0075%1h85,542+0.059%$2.3M$10.4M40xas long as short
BingX BTC-USDC+0.0080%8h85,405.8−0.100%$17.4Mas long as short
Lighter BTC+0.0096%1h85,470.4−0.025%$170.8M$945.1M50xas long as short
Lighter RH BTC+0.0096%1h85,474.1−0.020%$23.5M$134.5M50xas long as short
Popdex BTCUSDT+0.0096%1h85,419−0.085%$8.7M$58.1M100xas long as short
Aevo BTC-PERP+0.0096%1h85,423.4−0.080%$2.4M$6.7M20xas long as short
Nado BTC-PERP+0.0096%1h85,438−0.063%$24.0M$215.9M50xas long as short
Katana Perps BTC-USD+0.0100%8h85,411−0.094%$265K$8.7M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,500.9+0.011%$5.7M$9.3M50xas long as short
Pacifica BTClong+0.0100%1h85,491.4long leg$40.5M$604.9M50x
Binance BTCUSDT+0.0100%8h85,410.1−0.095%$9.39B$24.92B150xas long as short
Bybit BTCUSDT+0.0100%8h85,411.5−0.093%$5.09B$9.89B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,431.7−0.070%$2.61B$12.07B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,447−0.052%$3.9M$17.3M25xas long as short
Arcus BTC-USD+0.0100%1h85,444.6−0.055%$4.7M$97.0M40xas long as short
Bulk BTC-USD+0.0100%1h85,499.9+0.010%$701.6M$160.9M40xas long as short
Gate BTC_USDT+0.0100%8h85,419.6−0.084%$5.50B$9.91B200xas long as short
MEXC BTC_USDT+0.0100%8h85,412.9−0.092%$5.05B$5.75B500xas long as short
Bitget BTCUSDT+0.0100%8h85,410−0.095%$2.97B$5.11B150xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,439.8−0.060%$37.6M$193.4M75xas long as short
Variational Omni BTC+0.0100%8h85,485.8−0.007%$155.9M$543.2Mas long as short
edgeX BTCUSDC+0.0100%4h85,484.1−0.009%$283.5M$961.7M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,507.3+0.019%$214.8M$155.4M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,522+0.036%$136.9M$312.6M100xas long as short
StandX BTC-USD+0.0100%1h85,440−0.060%$30.1M$218.6M40xas long as short
Vest BTC-PERPshort+0.0100%1h85,507.2+0.018%$10.0M50x
Polymarket Perps BTC-USD+0.0100%1h85,270−0.259%$10.9M$14.6M50xas long as short
Bullet BTC-USD+0.0100%1h85,425−0.078%$227K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,428.4−0.074%$2.7M$9.8M100xas long as short
SunX BTC-USDT+0.0100%8h85,450.5−0.048%$3.0M$6.6M100xas long as short
SoDEX BTC-USD+0.0100%1h85,446−0.053%$59.8M$336.5M40xas long as short
HTX BTC-USDT+0.0100%8h85,440.5−0.060%$2.26B$971.6M200xas long as short
Phemex BTCUSDT+0.0100%8h85,466.4−0.029%$162.8M$513.5M150xas long as short
Extended BTC-USD+0.0104%1h85,414−0.091%$45.8M$239.9M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,476.3−0.018%$106.9M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h85,496.9+0.006%$112.2M$5.42B50xas long as short
Derive BTC-PERP+0.0123%1h85,569.1+0.091%$28.9M$52.4M15xas long as short
Reya BTCRUSDPERP+0.0149%1h85,403.2−0.103%$6.6M$137.6M40xas long as short
Hyperliquid BTC+0.0163%1h85,500+0.010%$3.84B$5.14B40xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0174% / S −0.0149%1h85,425.1−0.078%$13.0M200xas long as short
RISEx BTC/USDC+0.0194%1h85,459.3−0.038%$9.0M$42.2M25xas long as short
Deribit BTC-PERPETUAL+0.0194%1h85,498.3+0.008%$828.3M$1.65B50xas long as short
Kalshi KXBTCPERP+0.0195%8h85,494+0.003%$10.7M$736.7M6.4xas long as short
Aftermath Perps BTCUSD+0.0324%1h85,486−0.006%$79K$258K20xas long as short
Hibachi BTC/USDT-P+0.0352%1h85,520+0.033%$688K$7.6M30xas long as short
Perpl BTC+0.0447%43m85,472.6−0.022%$460K$18.1M6.7xas long as short