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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0092%/8h= +10.0% APRnext payment +$0.11 per $10,000 · paid last 24h +0.008%
Price spread now: Aftermath Perps against Vest+0.014%7-day average +0.011% · 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 3 days (all we have)+0.068%+$7 on $10k
Price spread, last 4 days (all we have)+0.040%+$4 · spread now +0.014%, 7d avg +0.011%
Together, before fees+0.108%+ Points / potential airdropVest: Active · farm board+$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.011%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest BTC-PERP85,548.90.0100pay 0.0013% / 1h53m 29s$11.8M50x
ShortAftermath Perps BTCUSD85,561.10.0192get 0.0024% / 1h53m 29s$78K$219K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Vest. 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
$19.24
Price spread: +0.014% → +0.011%
$0.32
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
$8.56
Costs to cover
0.110%
Break-even
3.9 days
Slippage unknown: Vest: no order-book sample; Aftermath Perps: live order book, 11 min ago. 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 Vest no order-book sample
Sell Aftermath Perps live order book, 11 min ago1.00 bp9.9 bp −$10doesn't fitdoesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix BTC−0.0144%1h85,538−0.013%$2.1M$10.3M40xas long as short
ApeX Omni BTCUSDT−0.0123%1h85,466.5−0.096%$139.7M$316.3M100xas long as short
Hotstuff BTC-PERP−0.0080%1h85,516−0.038%$8K$3K50xas long as short
01 Exchange BTCUSD−0.0056%1h85,515.5−0.039%$365K$2.3M50xas long as short
Nado BTC-PERP−0.0013%1h85,501.3−0.056%$22.5M$221.6M50xas long as short
dYdX BTC-USD0.0000%1h85,532.4−0.019%$16.7M$20.9M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,505.8−0.050%$36.6M200xas long as short
Aster BTCUSDT+0.0018%8h85,506−0.050%$515.5M$1.11B200xas long as short
KuCoin XBTUSDTM+0.0019%8h85,485.6−0.074%$904.8M$745.1M125xas long as short
BingX BTC-USDC+0.0054%8h85,506.1−0.050%$17.0Mas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX BTC-USDT+0.0058%8h85,496.9−0.061%$2.27B$929.9M200xas long as short
Reya BTCRUSDPERP+0.0064%1h85,482.5−0.078%$6.7M$146.4M40xas long as short
Bitget BTCUSDT+0.0067%8h85,503.9−0.053%$2.94B$5.01B150xas long as short
SoDEX BTC-USD+0.0069%1h85,515−0.040%$59.9M$336.4M40xas long as short
SunX BTC-USDT+0.0075%8h85,478.4−0.082%$2.9M$6.2M100xas long as short
Injective BTC/USDC PERP+0.0079%1h85,617+0.080%$340K$26.9M52xas long as short
Aevo BTC-PERP+0.0080%1h85,505.5−0.051%$2.4M$1.7M20xas long as short
Binance BTCUSDT+0.0084%8h85,518.7−0.035%$9.33B$23.82B150xas long as short
MEXC BTC_USDT+0.0084%8h85,499.9−0.057%$5.07B$5.57B500xas long as short
Lighter BTC+0.0096%1h85,499.9−0.057%$169.4M$982.9M50xas long as short
Lighter RH BTC+0.0096%1h85,504.6−0.052%$23.9M$147.0M50xas long as short
Popdex BTCUSDT+0.0096%1h85,519−0.035%$8.4M$51.5M100xas long as short
Paradex BTC-USD-PERP+0.0099%8h85,547−0.002%$3.8M$8.3M50xas long as short
Katana Perps BTC-USD+0.0100%8h85,487−0.072%$203K$7.6M50xas long as short
Hyperliquid BTC+0.0100%1h85,562+0.015%$3.76B$4.90B40xas long as short
Pacifica BTC+0.0100%1h85,533.2−0.018%$40.1M$571.6M50xas long as short
Bybit BTCUSDT+0.0100%8h85,518.3−0.036%$5.32B$9.57B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,512.9−0.042%$2.56B$12.09B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,514−0.041%$3.9M$17.8M25xas long as short
Arcus BTC-USD+0.0100%1h85,473.9−0.088%$7.1M$96.5M40xas long as short
Bulk BTC-USD+0.0100%1h85,482.5−0.078%$608.2M$317.1M40xas long as short
Gate BTC_USDT+0.0100%8h85,518.7−0.035%$5.56B$10.39B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,487−0.072%$34.7M$169.8M75xas long as short
Variational Omni BTC+0.0100%8h85,577.1+0.033%$153.7M$552.3Mas long as short
edgeX BTCUSDC+0.0100%4h85,494.5−0.064%$278.1M$928.1M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,468−0.095%$214.5M$161.4M50xas long as short
StandX BTC-USD+0.0100%1h85,524.1−0.029%$30.2M$211.2M40xas long as short
Vest BTC-PERPlong+0.0100%1h85,548.9long leg$11.8M50x
Polymarket Perps BTC-USD+0.0100%1h85,484−0.076%$11.0M$14.0M50xas long as short
Bullet BTC-USD+0.0100%1h85,491−0.068%$188K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,504.6−0.052%$2.4M$8.9M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,540.4−0.010%$196K$722K40xas long as short
Derive BTC-PERP+0.0100%1h85,505−0.051%$30.0M$52.7M15xas long as short
Phemex BTCUSDT+0.0100%8h85,506.6−0.049%$149.1M$478.8M150xas long as short
Extended BTC-USD+0.0104%1h85,489.7−0.069%$44.3M$226.6M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,509.6−0.046%$103.7M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h85,547.6−0.002%$130.6M$5.06B50xas long as short
RISEx BTC/USDC+0.0120%1h85,538.8−0.012%$8.3M$42.2M25xas long as short
Kraken Futures PF_XBTUSD+0.0139%1h85,540.4−0.010%$187.0M$949.1M100xas long as short
Aftermath Perps BTCUSDshort+0.0192%1h85,561.1+0.014%$78K$219K20x
Hibachi BTC/USDT-P+0.0192%1h85,621+0.084%$683K$7.8M30xas long as short
Deribit BTC-PERPETUAL+0.0195%1h85,559.5+0.012%$894.9M$1.52B50xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0203% / S −0.0181%1h85,500.7−0.056%$13.6M200xas long as short
Kalshi KXBTCPERP+0.0211%8h85,544−0.006%$10.4M$760.4M6.4xas long as short
Perpl BTC+0.0447%43m85,538.1−0.013%$510K$19.6M6.7xas long as short