Funding you earn now, next payment 07:00 UTC−0.0011%/8h= −1.3% APRnext payment −$0.01 per $10,000 · paid last 24h −0.005%
Price spread now: Kraken Futures against Vest−0.027%7-day average +0.001% · 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)−0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.065%+$7 · spread now −0.027%, 7d avg +0.001%
=Together, before fees+0.065%+ Points / potential airdropVest: Active · farm board+$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Kraken Futures is 0.028% cheaper against Vest than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.001%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest BTC-PERP | 85,514.7 | 0.0100 | pay 0.0013% / 1h | 25m 54s | — | $10.9M | 50x |
| Short | Kraken Futures PF_XBTUSD | 85,491.5 | 0.0089 | get 0.0011% / 1h | 25m 54s | $185.5M | $959.3M | 100x |
Vest BTC-PERP
Kraken Futures PF_XBTUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$2.4
- Price spread: −0.027% → +0.001%
- −$2.84
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$17.24
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Vest: no order-book sample; Kraken Futures: live order book, 3 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 Kraken Futures live order book, 3 min ago | 0.06 bp | 5.1 bp −$5 | 5.5 bp −$55 | 6.5 bp −$647 | 8.7 bp −$4,347 |
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 | −0.0082% | 1h | 85,329 | −0.217% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,418 | −0.113% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0044% | 8h | 85,472.6 | −0.049% | $928.8M | $774.3M | 125x | as long as short |
| BloFin BTC-USDT | −0.0028% | 8h | 85,416.4 | −0.115% | $421.5M | $683.9M | 150x | as long as short |
| Aster BTCUSDT | −0.0010% | 8h | 85,458 | −0.066% | $513.4M | $1.09B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,465.7 | −0.057% | $353K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,487.7 | −0.032% | $491K | $18.5M | 6.7x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 85,470 | −0.052% | $16.8M | $21.3M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,477 | −0.044% | $36.6M | — | 200x | as long as short |
| Nado BTC-PERP | +0.0040% | 1h | 85,421 | −0.110% | $24.4M | $222.4M | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
01 Exchange BTCUSD
Perpl BTC
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Nado BTC-PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0057% | 1h | 85,247 | −0.313% | $338K | $26.8M | 52x | as long as short |
| BingX BTC-USDT | +0.0071% | 8h | 85,466.2 | −0.057% | — | $1.56B | — | as long as short |
| Deribit BTC-PERPETUAL | +0.0086% | 1h | 85,513.6 | −0.001% | $862.0M | $1.64B | 50x | as long as short |
| Aevo BTC-PERP | +0.0088% | 1h | 85,465 | −0.058% | $2.4M | $6.7M | 20x | as long as short |
| ApeX Omni BTCUSDT | +0.0088% | 1h | 85,342.3 | −0.202% | $139.5M | $314.2M | 100x | as long as short |
| Kraken Futures PF_XBTUSDshort | +0.0089% | 1h | 85,491.5 | −0.027% | $185.5M | $959.3M | 100x | |
| Bitget BTCUSDT | +0.0089% | 8h | 85,472.8 | −0.049% | $2.97B | $5.17B | 150x | as long as short |
| MEXC BTC_USDT | +0.0091% | 8h | 85,473.4 | −0.048% | $5.01B | $5.76B | 500x | as long as short |
| Binance BTCUSDT | +0.0092% | 8h | 85,471.7 | −0.050% | $9.43B | $24.99B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,483.3 | −0.037% | $170.3M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,483.8 | −0.036% | $23.5M | $148.2M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,465 | −0.058% | $8.4M | $56.3M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,445 | −0.082% | $241K | $8.7M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,451.1 | −0.074% | $5.15B | $9.99B | 150x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,515.4 | +0.001% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,551 | +0.042% | $3.75B | $5.09B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,477.6 | −0.043% | $40.0M | $602.6M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,456.2 | −0.068% | $2.60B | $12.27B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,464 | −0.059% | $3.8M | $17.1M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,455.5 | −0.069% | $5.2M | $98.9M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,472.7 | −0.049% | $5.56B | $11.03B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,468.1 | −0.055% | $37.1M | $178.2M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,275.8 | −0.279% | $154.7M | $557.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,313.9 | −0.235% | $279.5M | $949.6M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,293.3 | −0.259% | $214.1M | $165.1M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,414.7 | −0.117% | $30.1M | $203.9M | 40x | as long as short |
| Vest BTC-PERPlong | +0.0100% | 1h | 85,514.7 | long leg | — | $10.9M | 50x | |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,469 | −0.053% | $11.0M | $14.6M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,467.8 | −0.055% | $201K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,462.3 | −0.061% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,504.6 | −0.012% | $194K | $795K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,214.5 | −0.351% | $29.9M | $47.0M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,421.9 | −0.109% | $2.9M | $6.0M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,471 | −0.051% | $59.8M | $336.8M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,465.3 | −0.058% | $2.26B | $968.4M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,462.6 | −0.061% | $152.7M | $510.2M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,269.9 | −0.286% | $683.1M | $415.1M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,452.1 | −0.073% | $44.9M | $240.8M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,442.9 | −0.084% | — | $106.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,512.8 | −0.002% | $115.5M | $5.48B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0129% | 1h | 85,462.8 | −0.061% | $6.6M | $147.7M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0183% | 8h | 85,476 | −0.045% | $11.9M | $741.0M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0193% | 1h | 85,488.8 | −0.030% | $8.8M | $42.9M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0200% / S −0.0176% | 1h | 85,441.9 | −0.085% | $13.1M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0232% | 1h | 85,354.3 | −0.188% | $684K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0253% | 1h | 85,347.3 | −0.196% | $79K | $230K | 20x | as long as short |
Injective BTC/USDC PERP
BingX BTC-USDT
Deribit BTC-PERPETUAL
Aevo BTC-PERP
ApeX Omni BTCUSDT
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Bybit BTCUSDT
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
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
StandX BTC-USD
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
Kalshi KXBTCPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD