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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.012%
Price spread now: SoDEX against Vest−0.057%7-day average −0.018% · you buy dearer than you sell
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)+0.007%+$1 on $10k
Price spread, last 4 days (all we have)+0.028%+$3 · spread now −0.057%, 7d avg −0.018%
Together, before fees+0.035%+ Points / potential airdropVest: Active · farm board+$3 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: SoDEX is 0.038% cheaper against Vest than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.018%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest BTC-PERP85,477.40.0100pay 0.0013% / 1h37m 48s$11.8M50x
ShortSoDEX BTC-USD85,4290.0100get 0.0013% / 1h37m 48s$59.9M$336.1M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
$0
Price spread: −0.057% → −0.018%
−$3.81
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$13.81
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Vest: no order-book sample; SoDEX: live order book, 1 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 SoDEX live order book, 1 min ago0.06 bp4.1 bp −$44.1 bp −$414.9 bp −$48840.8 bp −$20.4K
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin BTC-PERP−0.0256%1h85,483.2+0.007%$207K$739K40xas long as short
Phoenix BTC−0.0179%1h85,385−0.108%$2.2M$10.3M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,395−0.096%$8K$3K50xas long as short
01 Exchange BTCUSD−0.0048%1h85,429.7−0.056%$366K$2.3M50xas long as short
BloFin BTC-USDT−0.0030%8h85,363.3−0.133%$416.0M$665.1M150xas long as short
KuCoin XBTUSDTM−0.0009%8h85,415.9−0.072%$919.2M$750.7M125xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h85,448.8−0.033%$36.5M200xas long as short
Aster BTCUSDT+0.0011%8h85,417.6−0.070%$514.7M$1.10B200xas long as short
dYdX BTC-USD+0.0019%1h85,384.6−0.109%$16.7M$21.3M50xas long as short
Arcus BTC-USD+0.0021%1h85,398.8−0.092%$6.9M$97.3M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDC+0.0060%8h85,415.4−0.073%$17.1Mas long as short
Nado BTC-PERP+0.0062%1h85,437.7−0.046%$25.7M$220.8M50xas long as short
Bitget BTCUSDT+0.0076%8h85,414.3−0.074%$2.95B$5.03B150xas long as short
Reya BTCRUSDPERP+0.0079%1h85,433.1−0.052%$6.7M$146.7M40xas long as short
Aevo BTC-PERP+0.0088%1h85,432.5−0.052%$2.4M$1.7M20xas long as short
MEXC BTC_USDT+0.0090%8h85,436.9−0.047%$5.05B$5.60B500xas long as short
Binance BTCUSDT+0.0091%8h85,436.7−0.048%$9.35B$24.06B150xas long as short
Lighter BTC+0.0096%1h85,426.6−0.059%$172.8M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h85,431.2−0.054%$23.7M$148.6M50xas long as short
Popdex BTCUSDT+0.0096%1h85,439−0.045%$8.4M$52.7M100xas long as short
Phemex BTCUSDT+0.0097%8h85,429.1−0.056%$149.5M$484.4M150xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,447.2−0.035%$4.3M$8.6M50xas long as short
Katana Perps BTC-USD+0.0100%8h85,391−0.101%$217K$8.0M50xas long as short
Hyperliquid BTC+0.0100%1h85,502+0.029%$3.74B$4.97B40xas long as short
Pacifica BTC+0.0100%1h85,416.4−0.071%$40.0M$578.1M50xas long as short
Bybit BTCUSDT+0.0100%8h85,426.4−0.060%$5.23B$9.72B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,427.4−0.058%$2.58B$12.10B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,388−0.105%$3.9M$18.0M25xas long as short
Gate BTC_USDT+0.0100%8h85,436.5−0.048%$5.52B$10.64B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,417.5−0.070%$35.7M$176.3M75xas long as short
Variational Omni BTC+0.0100%8h85,453.7−0.028%$153.6M$563.4Mas long as short
edgeX BTCUSDC+0.0100%4h85,527.2+0.058%$279.4M$916.4M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,454−0.027%$214.5M$169.8M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,439.1−0.045%$139.7M$314.2M100xas long as short
StandX BTC-USD+0.0100%1h85,454.6−0.027%$30.2M$207.7M40xas long as short
Vest BTC-PERPlong+0.0100%1h85,477.4long leg$11.8M50x
Polymarket Perps BTC-USD+0.0100%1h85,432−0.053%$11.0M$14.2M50xas long as short
Bullet BTC-USD+0.0100%1h85,439.4−0.044%$192K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,438.5−0.045%$2.5M$8.9M100xas long as short
Derive BTC-PERP+0.0100%1h85,439.7−0.044%$29.9M$51.0M15xas long as short
SunX BTC-USDT+0.0100%8h85,414.5−0.074%$2.9M$6.1M100xas long as short
SoDEX BTC-USDshort+0.0100%1h85,429−0.057%$59.9M$336.1M40x
HTX BTC-USDT+0.0100%8h85,410.9−0.078%$2.26B$941.0M200xas long as short
Bulk BTC-USD+0.0100%1h85,513.6+0.042%$649.6M$594.9M40xas long as short
Extended BTC-USD+0.0104%1h85,413.2−0.075%$44.5M$226.5M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,419.3−0.068%$107.0M500xas long as short
Coinbase International BTC-PERP-INTX+0.0104%1h85,463−0.017%$116.9M$5.16B50xas long as short
Injective BTC/USDC PERP+0.0150%1h85,539+0.072%$340K$26.9M52xas long as short
Deribit BTC-PERPETUAL+0.0169%1h85,475.5−0.002%$894.2M$1.53B50xas long as short
Kraken Futures PF_XBTUSD+0.0170%1h85,442.4−0.041%$188.4M$954.7M100xas long as short
RISEx BTC/USDC+0.0194%1h85,444.5−0.038%$8.3M$42.4M25xas long as short
Hibachi BTC/USDT-P+0.0200%1h85,468.9−0.010%$692K$7.9M30xas long as short
Aftermath Perps BTCUSD+0.0200%1h85,489.2+0.014%$78K$219K20xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0202% / S −0.0177%1h85,444.9−0.038%$13.4M200xas long as short
Kalshi KXBTCPERP+0.0217%8h85,436−0.048%$10.4M$758.6M6.4xas long as short
Perpl BTC+0.0447%43m85,388.1−0.104%$499K$18.9M6.7xas long as short