Funding you earn now, next payment 07:23 UTC+0.0347%/8h= +37.9% APRpaid last 24h −0.053%
Price spread now: Perpl against Vest−0.096%7-day average +0.003% · 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)+0.100%+$10 on $10k
+Price spread, last 7 days+0.139%+$14 · spread now −0.096%, 7d avg +0.003%
=Together, before fees+0.240%+ Points / potential airdropVest: Active · Perpl: Active · farm board+$24 on $10k · with fees, hour by hour
Funding pays, the price is against you. Perpl is 0.099% cheaper against Vest than usual: you would sell low and buy high (spread −0.096% now, against its 7-day average of +0.003%). If the spread goes back, that is −$10 on $10k: about 23 hours of funding at the current rate (+$10 a day). At the pace of the last 4 days (+0.100% in total) that is about 3.5 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.100% in total (about 10.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest BTC-PERP | 85,327.5 | 0.0100 | pay 0.0013% / 1h | 11m 08s | — | $10.6M | 50x |
| Short | Perpl BTC | 85,245.8 | 0.0447 | get 0.0040% / 43m | 0m 08s | $464K | $18.3M | 6.7x |
Vest BTC-PERP
Perpl BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Perpl 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
- $72.77
- Price spread: −0.096% → +0.003%
- −$9.9
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Net
- $47.07
- Costs to cover
- 0.158%
- Break-even
- 2.5 days
Slippage unknown: Vest: no order-book sample; Perpl: 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 Vest no order-book sample | — | — | — | — | — |
| Sell Perpl no order-book sample | — | — | — | — | — |
Vest and Perpl: 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,253 | −0.087% | $8K | $3K | 50x | as long as short |
| Phoenix BTC | −0.0034% | 1h | 85,304 | −0.028% | $2.3M | $10.8M | 40x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,240.2 | −0.102% | $421.3M | $686.0M | 150x | as long as short |
| KuCoin XBTUSDTM | −0.0011% | 8h | 85,247.8 | −0.093% | $927.2M | $777.1M | 125x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,264.3 | −0.074% | $343K | $2.3M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,250.1 | −0.091% | $36.5M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0008% | 8h | 85,255.6 | −0.084% | $509.2M | $1.09B | 200x | as long as short |
| dYdX BTC-USD | +0.0018% | 1h | 85,277.8 | −0.058% | $16.7M | $21.0M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0026% | 1h | 85,279 | −0.057% | $185.8M | $953.5M | 100x | as long as short |
| BingX BTC-USDT | +0.0065% | 8h | 85,256.3 | −0.083% | — | $1.58B | — | as long as short |
Hotstuff BTC-PERP
Phoenix BTC
BloFin BTC-USDT
KuCoin XBTUSDTM
01 Exchange BTCUSD
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
dYdX BTC-USD
Kraken Futures PF_XBTUSD
BingX BTC-USDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0067% | 1h | 85,200 | −0.149% | $310K | $25.7M | 52x | as long as short |
| Bybit BTCUSDT | +0.0082% | 8h | 85,253.7 | −0.086% | $5.09B | $10.03B | 150x | as long as short |
| Nado BTC-PERP | +0.0090% | 1h | 85,229 | −0.115% | $24.1M | $221.2M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0096% | 1h | 85,281.8 | −0.054% | $139.7M | $312.0M | 100x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,268 | −0.070% | $168.8M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,267.4 | −0.070% | $23.6M | $149.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,253 | −0.087% | $8.4M | $57.7M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,239.1 | −0.104% | $2.4M | $6.7M | 20x | as long as short |
| Bitget BTCUSDT | +0.0098% | 8h | 85,251.5 | −0.089% | $2.97B | $5.21B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,232 | −0.112% | $269K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,277.6 | −0.059% | $5.8M | $9.6M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,249.6 | −0.091% | $40.3M | $604.7M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,255.9 | −0.084% | $9.39B | $25.17B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,251.8 | −0.089% | $2.60B | $12.26B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,228 | −0.117% | $3.8M | $17.3M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,265.5 | −0.073% | $4.7M | $97.6M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,259.3 | −0.080% | $5.49B | $11.16B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,255 | −0.085% | $5.02B | $5.77B | 500x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,254.9 | −0.085% | $36.9M | $190.4M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,180.5 | −0.172% | $155.7M | $548.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,184.8 | −0.167% | $282.5M | $959.6M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,282.2 | −0.053% | $214.0M | $159.8M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,244.9 | −0.097% | $30.1M | $213.7M | 40x | as long as short |
| Vest BTC-PERPlong | +0.0100% | 1h | 85,327.5 | long leg | — | $10.6M | 50x | |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,256 | −0.084% | $10.9M | $15.0M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,247 | −0.094% | $197K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,250.2 | −0.091% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,286.8 | −0.048% | $194K | $795K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,275.3 | −0.061% | $28.8M | $45.1M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,212.7 | −0.135% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,247 | −0.094% | $59.7M | $336.5M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,240.6 | −0.102% | $2.25B | $974.0M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,256 | −0.084% | $158.9M | $516.0M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,240 | −0.103% | $693.3M | $214.1M | 40x | as long as short |
| Hyperliquid BTC | +0.0103% | 1h | 85,346 | +0.022% | $3.78B | $5.11B | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,218.7 | −0.128% | $45.4M | $241.0M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,260.3 | −0.079% | — | $106.7M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,304 | −0.028% | $111.8M | $5.47B | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0107% | 1h | 85,284.2 | −0.051% | $836.1M | $1.66B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0143% | 1h | 85,247.6 | −0.094% | $6.6M | $142.2M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0172% | 8h | 85,269 | −0.069% | $12.0M | $737.8M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,276.5 | −0.060% | $8.8M | $43.0M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0174% / S −0.0146% | 1h | 85,261.1 | −0.078% | $13.0M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0264% | 1h | 85,301.7 | −0.030% | $696K | $7.7M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0299% | 1h | 85,265.3 | −0.073% | $80K | $247K | 20x | as long as short |
| Perpl BTCshort | +0.0447% | 43m | 85,245.8 | −0.096% | $464K | $18.3M | 6.7x |
Injective BTC/USDC PERP
Bybit BTCUSDT
Nado BTC-PERP
ApeX Omni BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Bitget BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Pacifica BTC
Binance BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
MEXC 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
Hyperliquid BTC
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Deribit BTC-PERPETUAL
Reya BTCRUSDPERP
Kalshi KXBTCPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD