Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%
Price spread now: Bulk against Vest−0.046%7-day average −0.011% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.033%+$3 on $10k
+Price spread, last 7 days+0.055%+$6 · spread now −0.046%, 7d avg −0.011%
=Together, before fees+0.088%+ Points / potential airdropVest: Active · farm board+$9 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: Bulk is 0.035% cheaper against Vest than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.011%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest BTC-PERP | 85,885.6 | 0.0100 | pay 0.0013% / 1h | 7m 31s | — | $10.2M | 50x |
| Short | Bulk BTC-USD | 85,846.4 | 0.0100 | get 0.0013% / 1h | 7m 31s | $713.8M | $100.1M | 40x |
Vest BTC-PERP
Bulk BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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
- $0
- Price spread: −0.046% → −0.011%
- −$3.5
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$12.5
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Vest: no order-book sample; Bulk: 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 Bulk live order book, 5 min ago | 0.01 bp | 3.5 bp −$4 | 3.5 bp −$35 | 3.5 bp −$351 | 4.1 bp −$2,028 |
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 exchanges
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 | −0.0133% | 1h | 85,779 | −0.124% | $2.1M | $7.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,196 | +0.361% | $8K | $2K | 50x | as long as short |
| BloFin BTC-USDT | −0.0043% | 8h | 85,800.1 | −0.100% | $421.5M | $548.9M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0040% | 1h | 85,839.3 | −0.054% | $367K | $1.9M | 50x | as long as short |
| SoDEX BTC-USD | −0.0011% | 1h | 85,823 | −0.073% | $65.8M | $187.7M | 40x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,830.6 | −0.064% | $467K | $13.5M | 6.7x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,844.4 | −0.048% | $16.8M | $13.6M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,829.1 | −0.066% | $36.9M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0009% | 1h | 85,788 | −0.114% | $320K | $30.2M | 52x | as long as short |
| Aster BTCUSDT | +0.0013% | 8h | 85,827.6 | −0.068% | $511.0M | $846.5M | 200x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
BloFin BTC-USDT
01 Exchange BTCUSD
SoDEX BTC-USD
Perpl BTC
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERP
Aster BTCUSDTShow all 56 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XBTUSD | +0.0030% | 1h | 85,837.8 | −0.056% | $192.0M | $751.2M | 100x | as long as short |
| BingX BTC-USDT | +0.0043% | 8h | 85,840.2 | −0.053% | — | $1.30B | — | as long as short |
| Popdex BTCUSDT | +0.0048% | 1h | 85,838 | −0.055% | $8.6M | $45.5M | 100x | as long as short |
| KuCoin XBTUSDTM | +0.0052% | 8h | 85,823.1 | −0.073% | $940.5M | $636.0M | 125x | as long as short |
| Bybit BTCUSDT | +0.0057% | 8h | 85,840.9 | −0.052% | $5.13B | $8.05B | 150x | as long as short |
| HTX BTC-USDT | +0.0067% | 8h | 85,810.7 | −0.087% | $2.27B | $786.8M | 200x | as long as short |
| Phemex BTCUSDT | +0.0068% | 8h | 85,820.3 | −0.076% | $169.8M | $476.2M | 150x | as long as short |
| Gate BTC_USDT | +0.0074% | 8h | 85,842.2 | −0.051% | $5.51B | $9.04B | 200x | as long as short |
| MEXC BTC_USDT | +0.0076% | 8h | 85,856.2 | −0.034% | $5.16B | $4.91B | 500x | as long as short |
| Binance BTCUSDT | +0.0077% | 8h | 85,834.7 | −0.059% | $9.40B | $20.28B | 150x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,801.2 | −0.098% | $2.4M | $6.8M | 20x | as long as short |
| Bitget BTCUSDT | +0.0088% | 8h | 85,838.2 | −0.055% | $3.00B | $3.89B | 150x | as long as short |
| GRVT BTC_USDT_Perp | +0.0091% | 8h | 85,792.9 | −0.108% | $215.6M | $132.8M | 50x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,852.8 | −0.038% | $173.1M | $874.3M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,855.8 | −0.035% | $23.7M | $121.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0098% | 1h | 85,859 | −0.031% | $211K | $3.2M | 20x | as long as short |
| Nado BTC-PERP | +0.0099% | 1h | 85,839.3 | −0.054% | $23.0M | $190.5M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,815 | −0.082% | $230K | $8.0M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,860 | −0.030% | $5.9M | $7.3M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,870.4 | −0.018% | $40.0M | $571.4M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,855.1 | −0.036% | $2.62B | $9.27B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,809 | −0.089% | $3.9M | $14.7M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,839.8 | −0.053% | $4.9M | $91.5M | 40x | as long as short |
| Bulk BTC-USDshort | +0.0100% | 1h | 85,846.4 | −0.046% | $713.8M | $100.1M | 40x | |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,807.7 | −0.091% | $38.0M | $194.9M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,758.6 | −0.148% | $155.2M | $472.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,755.6 | −0.151% | $289.3M | $738.0M | 100x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,805 | −0.094% | $137.8M | $288.4M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,810 | −0.088% | $30.2M | $226.9M | 40x | as long as short |
| Vest BTC-PERPlong | +0.0100% | 1h | 85,885.6 | long leg | — | $10.2M | 50x | |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,838 | −0.055% | $11.0M | $11.9M | 50x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,816.7 | −0.080% | $2.6M | $8.9M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,849.7 | −0.042% | $143K | $607K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,867.5 | −0.021% | $29.0M | $44.5M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,816.3 | −0.081% | $3.3M | $6.7M | 100x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,810.1 | −0.088% | $47.0M | $192.7M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,839.9 | −0.053% | — | $79.8M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 85,866.9 | −0.022% | $112.3M | $4.94B | 50x | as long as short |
| Hyperliquid BTC | +0.0148% | 1h | 85,928.3 | +0.050% | $3.94B | $4.17B | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0156% | 8h | 85,840 | −0.053% | $12.0M | $735.6M | 6.4x | as long as short |
| Reya BTCRUSDPERP | +0.0170% | 1h | 85,807 | −0.091% | $6.6M | $128.9M | 40x | as long as short |
| RISEx BTC/USDC | +0.0187% | 1h | 85,862.2 | −0.027% | $9.0M | $35.7M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0211% / S −0.0250% | 1h | 85,780.6 | −0.122% | $15.5M | — | 200x | as long as short |
| Deribit BTC-PERPETUAL | +0.0213% | 1h | 85,869.9 | −0.018% | $820.4M | $1.50B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0320% | 1h | 85,836.4 | −0.057% | $690K | $6.7M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0362% | 1h | 85,838 | −0.055% | $79K | $228K | 20x | as long as short |
Kraken Futures PF_XBTUSD
BingX BTC-USDT
Popdex BTCUSDT
KuCoin XBTUSDTM
Bybit BTCUSDT
HTX BTC-USDT
Phemex BTCUSDT
Gate BTC_USDT
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
Bitget BTCUSDT
GRVT BTC_USDT_Perp
Lighter BTC
Lighter RH BTC
Bullet BTC-USD
Nado BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
ApeX Omni BTCUSDT
StandX BTC-USD
Polymarket Perps BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Hyperliquid BTC
Kalshi KXBTCPERP
Reya BTCRUSDPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Deribit BTC-PERPETUAL
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD