BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0074%/8h= −8.2% APRnext payment −$0.09 per $10,000 · paid last 24h +0.006%

Price spread now: Vest against RISEx+0.039%52s7-day average −0.001% · you sell dearer than you buy

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

Long on RISEx Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.035%−$3 on $10k

Price spread, last 7 days−0.059%−$6 · spread now +0.039%, 7d avg −0.001%

Together, before fees−0.094%+ Points / potential airdropVest: Active · farm board−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Vest is 0.040% dearer against RISEx than usual: you sell high and buy low (spread +0.039% now, against its 7-day average of −0.001%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 43 hours. At the pace of the last 3 days (−0.035% in total) that is about 3.9 days. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BTC/USDC	85,511.5	0.0174	pay 0.0022% / 1h	13m 39s	$8.6M	$42.9M	25x
Short	Vest BTC-PERP	85,545	0.0100	get 0.0013% / 1h	13m 39s	—	$11.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against RISEx. 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

Position, each leg$Hold fordaysFee RISExbpFee VestbpOrdersPrice spread, now +0.039%Rate

Funding earned: −$15.64
Price spread: +0.039% → −0.001%: $3.97
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Vest: 1 bp × 2 orders: −$2
Net: −$19.66
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: RISEx: live order book, 6 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 RISEx live order book, 6 min ago	0.01 bp	3.7 bp −$4	3.7 bp −$37	10.7 bp −$1,073	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	85,565	+0.063%	$2.1M	$10.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,540	+0.033%	$8K	$3K	50x	as long as short
KuCoin XBTUSDTM	−0.0045%	8h	85,464.9	−0.055%	$919.6M	$758.1M	125x	as long as short
BloFin BTC-USDT	−0.0026%	8h	85,488.5	−0.027%	$419.6M	$675.9M	150x	as long as short
01 Exchange BTCUSD	−0.0008%	1h	85,483.3	−0.033%	$363K	$2.3M	50x	as long as short
Aster BTCUSDT	−0.0007%	8h	85,469.6	−0.049%	$514.6M	$1.10B	200x	as long as short
Perpl BTC	0.0000%	43m	85,487.1	−0.029%	$503K	$18.7M	6.7x	as long as short
Nado BTC-PERP	+0.0003%	1h	85,480.3	−0.037%	$24.4M	$222.9M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,480.9	−0.036%	$36.5M	—	200x	as long as short
dYdX BTC-USD	+0.0030%	1h	85,493.3	−0.021%	$16.8M	$21.2M	50x	as long as short

Show 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	+0.047%	$340K	$26.9M	52x	as long as short
SoDEX BTC-USD	+0.0049%	1h	85,462	−0.058%	$59.9M	$335.9M	40x	as long as short
Deribit BTC-PERPETUAL	+0.0061%	1h	85,506.9	−0.005%	$872.2M	$1.60B	50x	as long as short
BingX BTC-USDT	+0.0063%	8h	85,484	−0.032%	—	$1.55B	—	as long as short
Phemex BTCUSDT	+0.0068%	8h	85,475.8	−0.042%	$148.7M	$497.0M	150x	as long as short
Bitget BTCUSDT	+0.0079%	8h	85,482.3	−0.034%	$2.95B	$5.12B	150x	as long as short
Binance BTCUSDT	+0.0093%	8h	85,474.1	−0.044%	$9.45B	$24.47B	150x	as long as short
MEXC BTC_USDT	+0.0093%	8h	85,474.2	−0.044%	$5.08B	$5.67B	500x	as long as short
Lighter BTC	+0.0096%	1h	85,489	−0.026%	$172.0M	$1.02B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,486.4	−0.029%	$23.9M	$149.0M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,479	−0.038%	$8.4M	$55.1M	100x	as long as short
Aevo BTC-PERP	+0.0096%	1h	85,456.7	−0.064%	$2.7M	$3.4M	20x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,462	−0.058%	$228K	$8.4M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,537	+0.030%	$5.7M	$9.4M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,560	+0.057%	$3.79B	$5.02B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,511.8	0.000%	$40.4M	$591.8M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,469.5	−0.049%	$5.17B	$9.87B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,487.4	−0.028%	$2.59B	$12.12B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,471	−0.047%	$3.8M	$17.7M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,474.4	−0.043%	$4.7M	$99.4M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,479.2	−0.038%	$5.53B	$10.85B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,456	−0.065%	$36.4M	$178.5M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,488.9	−0.026%	$154.5M	$565.3M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,546.8	+0.041%	$279.5M	$931.6M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,570.8	+0.069%	$215.0M	$168.8M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	85,566.9	+0.065%	$139.9M	$316.2M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	85,560.5	+0.057%	$30.2M	$206.8M	40x	as long as short
Vest BTC-PERPshort	+0.0100%	1h	85,545	+0.039%	—	$11.0M	50x
Polymarket Perps BTC-USD	+0.0100%	1h	85,480	−0.037%	$11.1M	$14.3M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,476.8	−0.041%	$204K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,458.1	−0.062%	$2.5M	$8.8M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,508.2	−0.004%	$207K	$737K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,449.3	−0.073%	$30.0M	$50.1M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,457.4	−0.063%	$2.9M	$6.1M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,466.3	−0.053%	$2.26B	$950.0M	200x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,447	−0.075%	$679.5M	$701.9M	40x	as long as short
Reya BTCRUSDPERP	+0.0103%	1h	85,476	−0.042%	$6.6M	$147.2M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	85,449.8	−0.072%	$45.7M	$235.0M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	85,504.1	−0.009%	—	$106.4M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	85,501.5	−0.012%	$117.0M	$5.26B	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0135%	1h	85,479.5	−0.037%	$187.7M	$956.6M	100x	as long as short
RISEx BTC/USDClong	+0.0174%	1h	85,511.5	long leg	$8.6M	$42.9M	25x
GMX BTC/USD [WBTC.b-USDC]	L +0.0176% / S −0.0151%	1h	85,492.2	−0.023%	$13.0M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0176%	8h	85,519	+0.009%	$11.4M	$753.5M	6.4x	as long as short
Hibachi BTC/USDT-P	+0.0240%	1h	85,555.1	+0.051%	$700K	$7.9M	30x	as long as short
Aftermath Perps BTCUSD	+0.0254%	1h	85,533.2	+0.025%	$78K	$222K	20x	as long as short