Funding you earn now, next payment 03:00 UTC−0.0133%/8h= −14.5% APRpaid last 24h −0.033%
Price spread now: BloFin against Vest−0.063%7-day average −0.015% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.042%−$4 on $10k
+Price spread, last 4 days (all we have)−0.072%−$7 · spread now −0.063%, 7d avg −0.015%
=Together, before fees−0.114%+ Points / potential airdropVest: Active · farm board−$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and BloFin is 0.048% cheaper against Vest than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.015%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest BTC-PERP | 85,698.4 | 0.0100 | pay 0.0013% / 1h | 4m 11s | — | $11.8M | 50x |
| Short | BloFin BTC-USDT | 85,644.4 | −0.0033 | pay 0.0033% / 8h | 5h 04m | $417.0M | $665.3M | 150x |
Vest BTC-PERP
BloFin BTC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Vest. 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
- −$27.87
- Price spread: −0.063% → −0.015%
- −$4.76
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$46.63
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Vest: no order-book sample; BloFin: live order book, 5 min ago. 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 Vest no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 5 min ago | 0.01 bp | 6.0 bp −$6 | 6.3 bp −$63 | 6.3 bp −$631 | 7.7 bp −$3,864 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.0438% | 1h | 85,697.9 | −0.001% | $194K | $725K | 40x | as long as short |
| Phoenix BTC | −0.0160% | 1h | 85,635 | −0.074% | $2.2M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,667 | −0.037% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0040% | 1h | 85,645.2 | −0.062% | $368K | $2.3M | 50x | as long as short |
| BloFin BTC-USDTshort | −0.0033% | 8h | 85,644.4 | −0.063% | $417.0M | $665.3M | 150x | |
| dYdX BTC-USD | 0.0000% | 1h | 85,668.5 | −0.035% | $16.7M | $21.2M | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0002% | 8h | 85,638.8 | −0.070% | $919.6M | $751.5M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,669.6 | −0.034% | $36.6M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0016% | 8h | 85,664.7 | −0.039% | $516.2M | $1.10B | 200x | as long as short |
| Nado BTC-PERP | +0.0017% | 1h | 85,650.4 | −0.056% | $22.6M | $219.5M | 50x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
dYdX BTC-USD
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
Nado BTC-PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0058% | 8h | 85,683.7 | −0.017% | — | $1.53B | — | as long as short |
| Bitget BTCUSDT | +0.0072% | 8h | 85,678.9 | −0.023% | $2.96B | $5.01B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0074% | 1h | 85,644.6 | −0.063% | $6.7M | $146.5M | 40x | as long as short |
| Injective BTC/USDC PERP | +0.0079% | 1h | 85,807 | +0.127% | $341K | $26.9M | 52x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,650.2 | −0.056% | $2.5M | $1.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0087% | 8h | 85,675 | −0.027% | $5.06B | $5.66B | 500x | as long as short |
| Binance BTCUSDT | +0.0087% | 8h | 85,675 | −0.027% | $9.34B | $23.94B | 150x | as long as short |
| SoDEX BTC-USD | +0.0089% | 1h | 85,663 | −0.041% | $60.0M | $336.1M | 40x | as long as short |
| HTX BTC-USDT | +0.0090% | 8h | 85,656.8 | −0.049% | $2.27B | $937.0M | 200x | as long as short |
| Phemex BTCUSDT | +0.0096% | 8h | 85,681.3 | −0.020% | $149.5M | $481.0M | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,690.8 | −0.009% | $174.2M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,686.8 | −0.014% | $23.9M | $149.7M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,649 | −0.058% | $8.4M | $52.4M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,691.1 | −0.009% | $3.8M | $8.3M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,629 | −0.081% | $198K | $7.8M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,756.2 | +0.067% | $3.75B | $4.97B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,697 | −0.002% | $40.1M | $576.5M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,688.5 | −0.012% | $5.33B | $9.57B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,690.4 | −0.009% | $2.57B | $12.10B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,655 | −0.051% | $4.0M | $18.0M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,638.6 | −0.070% | $6.8M | $97.7M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,686.3 | −0.014% | $5.54B | $10.59B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,668.5 | −0.035% | $35.9M | $174.3M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,642.7 | −0.065% | $156.8M | $560.7M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,676.9 | −0.025% | $279.7M | $918.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,772.7 | +0.087% | $215.4M | $165.7M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,779.4 | +0.094% | $140.2M | $314.8M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,646 | −0.061% | $30.3M | $208.4M | 40x | as long as short |
| Vest BTC-PERPlong | +0.0100% | 1h | 85,698.4 | long leg | — | $11.8M | 50x | |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,652 | −0.054% | $11.0M | $14.2M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,658.3 | −0.047% | $191K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,659 | −0.046% | $2.4M | $8.8M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,652.7 | −0.053% | $30.0M | $51.0M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,633.1 | −0.076% | $2.9M | $6.1M | 100x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,642.1 | −0.066% | $641.7M | $524.8M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,629.5 | −0.080% | $44.3M | $226.7M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,653.8 | −0.052% | — | $106.1M | 500x | as long as short |
| Deribit BTC-PERPETUAL | +0.0109% | 1h | 85,709.3 | +0.013% | $891.6M | $1.53B | 50x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,702.3 | +0.005% | $122.8M | $5.11B | 50x | as long as short |
| RISEx BTC/USDC | +0.0120% | 1h | 85,683.3 | −0.018% | $8.4M | $42.3M | 25x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0138% | 1h | 85,708.7 | +0.012% | $189.2M | $953.2M | 100x | as long as short |
| Hibachi BTC/USDT-P | +0.0184% | 1h | 85,675.6 | −0.027% | $702K | $7.8M | 30x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0202% / S −0.0177% | 1h | 85,667.8 | −0.036% | $13.5M | — | 200x | as long as short |
| Aftermath Perps BTCUSD | +0.0207% | 1h | 85,724.2 | +0.030% | $78K | $219K | 20x | as long as short |
| Kalshi KXBTCPERP | +0.0219% | 8h | 85,688 | −0.012% | $10.7M | $759.3M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,685.9 | −0.015% | $500K | $19.0M | 6.7x | as long as short |
BingX BTC-USDT
Bitget BTCUSDT
Reya BTCRUSDPERP
Injective BTC/USDC PERP
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus 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
Derive BTC-PERP
SunX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Deribit BTC-PERPETUAL
Coinbase International BTC-PERP-INTX
RISEx BTC/USDC
Kraken Futures PF_XBTUSD
Hibachi BTC/USDT-P
GMX BTC/USD [WBTC.b-USDC]
Aftermath Perps BTCUSD
Kalshi KXBTCPERP
Perpl BTC