Funding you earn now, next payment 09:00 UTC+0.0082%/8h= +9.0% APRnext payment +$0.10 per $10,000 · paid last 24h −0.003%
Price spread now: Vest against Deribit+0.001%7-day average −0.020% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.121%+$12 · spread now +0.001%, 7d avg −0.020%
=Together, before fees+0.121%+ Points / potential airdropVest: Active · farm board+$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Vest is 0.020% dearer against Deribit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.020%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ETH-PERPETUAL | 2,725.5 | 0.0018 | pay 0.0002% / 1h | 26m 33s | $265.9M | $222.0M | 50x |
| Short | Vest ETH-PERP | 2,725.6 | 0.0100 | get 0.0013% / 1h | 26m 33s | — | $436K | 50x |
Deribit ETH-PERPETUAL
Vest ETH-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest against Deribit. 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
- $17.22
- Price spread: +0.001% → −0.020%
- $2.04
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- $10.26
- Costs to cover
- 0.090%
- Break-even
- 2.8 days
Slippage unknown: Deribit: live order book, 3 min ago; Vest: 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 Deribit live order book, 3 min ago | 0.09 bp | 3.6 bp −$4 | 3.7 bp −$37 | 8.1 bp −$814 | 18.6 bp −$9,288 |
| Sell Vest no order-book sample | — | — | — | — | — |
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.
ETH on 55 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin ETH-USDT | −0.0152% | 8h | 2,724.5 | −0.039% | $281.3M | $176.4M | 150x | as long as short |
| HTX ETH-USDT | −0.0140% | 8h | 2,724.3 | −0.044% | $1.05B | $1.20B | 200x | as long as short |
| Perpl ETH | −0.0112% | 43m | 2,724.7 | −0.031% | $275K | $5.7M | 8.3x | as long as short |
| SunX ETH-USDT | −0.0109% | 8h | 2,724 | −0.055% | $939K | $10.6M | 100x | as long as short |
| Hotstuff ETH-PERP | −0.0080% | 1h | 2,724 | −0.057% | $5K | $1K | 50x | as long as short |
| Bybit ETHUSDT | −0.0067% | 8h | 2,723.4 | −0.080% | $2.31B | $4.26B | 150x | as long as short |
| ApeX Omni ETHUSDT | −0.0013% | 1h | 2,724.3 | −0.044% | $8.3M | $31.3M | 100x | as long as short |
| Phoenix ETH | −0.0012% | 1h | 2,724.4 | −0.042% | $806K | $3.0M | 25x | as long as short |
| GMX ETH/USD [ETH-USDC] | L −0.0010% / S +0.0043% | 1h | 2,724.8 | −0.026% | $11.9M | — | 200x | as long as short |
| dYdX ETH-USD | 0.0000% | 1h | 2,724.2 | −0.049% | $10.5M | $41.9M | 50x | as long as short |
BloFin ETH-USDT
HTX ETH-USDT
Perpl ETH
SunX ETH-USDT
Hotstuff ETH-PERP
Bybit ETHUSDT
ApeX Omni ETHUSDT
Phoenix ETH
GMX ETH/USD [ETH-USDC]
dYdX ETH-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXETHPERP | 0.0000% | 8h | 2,724.6 | −0.034% | $6.6M | $669.1M | 4.9x | as long as short |
| gTrade (Gains Network) ETH/USD | L +0.0007% / S −0.0006% | 1h | 2,721.7 | −0.142% | $32.8M | — | 200x | as long as short |
| Deribit ETH-PERPETUALlong | +0.0018% | 1h | 2,725.5 | long leg | $265.9M | $222.0M | 50x | |
| 01 Exchange ETHUSD | +0.0032% | 1h | 2,723.7 | −0.068% | $195K | $885K | 50x | as long as short |
| Hibachi ETH/USDT-P | +0.0032% | 1h | 2,722 | −0.130% | $236K | $1.4M | 20x | as long as short |
| Gate ETH_USDT | +0.0040% | 8h | 2,723.2 | −0.087% | $3.27B | $8.29B | 200x | as long as short |
| SoDEX ETH-USD | +0.0042% | 1h | 2,724.5 | −0.038% | $54.3M | $182.4M | 40x | as long as short |
| Aster ETHUSDT | +0.0064% | 8h | 2,723.4 | −0.078% | $252.0M | $839.3M | 200x | as long as short |
| MEXC ETH_USDT | +0.0075% | 8h | 2,723.3 | −0.081% | $1.59B | $2.57B | 500x | as long as short |
| OKX ETH-USDT-SWAP | +0.0076% | 8h | 2,723.5 | −0.076% | $1.65B | $10.49B | 100x | as long as short |
| Binance ETHUSDT | +0.0076% | 8h | 2,723.6 | −0.070% | $6.30B | $15.89B | 150x | as long as short |
| Aevo ETH-PERP | +0.0080% | 1h | 2,724.9 | −0.023% | $4.9M | $195K | 20x | as long as short |
| KuCoin ETHUSDTM | +0.0083% | 8h | 2,723.8 | −0.062% | $382.0M | $563.1M | 100x | as long as short |
| Bullet ETH-USD | +0.0084% | 1h | 2,724.7 | −0.031% | $176K | $1.7M | 20x | as long as short |
| Phemex ETHUSDT | +0.0085% | 8h | 2,724.9 | −0.025% | $262.5M | $63.1M | 150x | as long as short |
| Lighter ETH | +0.0096% | 1h | 2,724.3 | −0.045% | $112.3M | $402.7M | 50x | as long as short |
| Lighter RH ETH | +0.0096% | 1h | 2,725.4 | −0.006% | $23.6M | $96.4M | 50x | as long as short |
| Jupiter Perps ETH-PERP | L +0.0096% / S +0.0056% | 1h | 2,724.6 | −0.035% | — | $30.4M | 500x | as long as short |
| Katana Perps ETH-USD | +0.0100% | 8h | 2,723.3 | −0.082% | $496K | $3.6M | 50x | as long as short |
| Paradex ETH-USD-PERP | +0.0100% | 8h | 2,727 | +0.052% | $15.3M | $7.0M | 50x | as long as short |
| Nado ETH-PERP | +0.0100% | 1h | 2,723.8 | −0.062% | $14.3M | $100.9M | 50x | as long as short |
| Hyperliquid ETH | +0.0100% | 1h | 2,725.9 | +0.013% | $3.10B | $2.04B | 25x | as long as short |
| Pacifica ETH | +0.0100% | 1h | 2,724.7 | −0.031% | $31.9M | $331.2M | 50x | as long as short |
| Ondo Perps ETH-USD.P | +0.0100% | 1h | 2,723.3 | −0.082% | $2.7M | $16.3M | 25x | as long as short |
| Arcus ETH-USD | +0.0100% | 1h | 2,723.8 | −0.065% | $1.6M | $15.8M | 25x | as long as short |
| Bulk ETH-USD | +0.0100% | 1h | 2,720.7 | −0.179% | $164.6M | $337.2M | 25x | as long as short |
| Bitget ETHUSDT | +0.0100% | 8h | 2,723.3 | −0.083% | $2.11B | $2.69B | 150x | as long as short |
| BingX ETH-USDC | +0.0100% | 8h | 2,723.5 | −0.074% | — | $18.7M | — | as long as short |
| Backpack ETH_USDC_PERP | +0.0100% | 1h | 2,724.4 | −0.043% | $15.1M | $39.7M | 50x | as long as short |
| Variational Omni ETH | +0.0100% | 8h | 2,724.1 | −0.053% | $131.7M | $315.5M | — | as long as short |
| edgeX ETHUSDC | +0.0100% | 4h | 2,724.3 | −0.045% | $185.3M | $683.9M | 100x | as long as short |
| GRVT ETH_USDT_Perp | +0.0100% | 8h | 2,724.3 | −0.047% | $158.4M | $80.4M | 50x | as long as short |
| StandX ETH-USD | +0.0100% | 1h | 2,721.7 | −0.141% | $20.9M | $71.1M | 40x | as long as short |
| Vest ETH-PERPshort | +0.0100% | 1h | 2,725.6 | +0.001% | — | $436K | 50x | |
| Polymarket Perps ETH-USD | +0.0100% | 1h | 2,723 | −0.093% | $11.2M | $9.3M | 50x | as long as short |
| Derive ETH-PERP | +0.0100% | 1h | 2,724.3 | −0.045% | $40.5M | $29.1M | 15x | as long as short |
| Extended ETH-USD | +0.0104% | 1h | 2,722.2 | −0.124% | $30.2M | $70.6M | 50x | as long as short |
| Kraken Futures PF_ETHUSD | +0.0105% | 1h | 2,725.1 | −0.015% | $81.8M | $308.0M | 100x | as long as short |
| Aftermath Perps ETHUSD | +0.0109% | 1h | 2,726.3 | +0.028% | $30K | $20K | 20x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.0120% | 1h | 2,725.7 | +0.006% | $45.7M | $4.20B | 50x | as long as short |
| RISEx ETH/USDC | +0.0137% | 1h | 2,723.9 | −0.060% | $5.6M | $11.4M | 25x | as long as short |
| Reya ETHRUSDPERP | +0.0171% | 1h | 2,723.1 | −0.089% | $7.3M | $961K | 25x | as long as short |
| Orderly PERP_ETH_USDC | +0.0182% | 8h | 2,726.4 | +0.032% | $32.1M | $10.9M | 100x | as long as short |
| Injective ETH/USDC PERP | +0.0253% | 1h | 2,727.8 | +0.083% | $117K | $21.6M | 52x | as long as short |
| Bluefin ETH-PERP | +0.1380% | 1h | 2,724.6 | −0.033% | $20K | $23K | 25x | as long as short |
Kalshi KXETHPERP
gTrade (Gains Network) ETH/USD
01 Exchange ETHUSD
Hibachi ETH/USDT-P
Gate ETH_USDT
SoDEX ETH-USD
Aster ETHUSDT
MEXC ETH_USDT
OKX ETH-USDT-SWAP
Binance ETHUSDT
Aevo ETH-PERP
KuCoin ETHUSDTM
Bullet ETH-USD
Phemex ETHUSDT
Lighter ETH
Lighter RH ETH
Jupiter Perps ETH-PERP
Katana Perps ETH-USD
Paradex ETH-USD-PERP
Nado ETH-PERP
Hyperliquid ETH
Pacifica ETH
Ondo Perps ETH-USD.P
Arcus ETH-USD
Bulk ETH-USD
Bitget ETHUSDT
BingX ETH-USDC
Backpack ETH_USDC_PERP
Variational Omni ETH
edgeX ETHUSDC
GRVT ETH_USDT_Perp
StandX ETH-USD
Polymarket Perps ETH-USD
Derive ETH-PERP
Extended ETH-USD
Kraken Futures PF_ETHUSD
Aftermath Perps ETHUSD
Coinbase International ETH-PERP-INTX
RISEx ETH/USDC
Reya ETHRUSDPERP
Orderly PERP_ETH_USDC
Injective ETH/USDC PERP
Bluefin ETH-PERP