Spread before costs (cost unknown: a leg has no order-book sample)+0.151%
7d average−0.003%if it closes, per $10,000$15funding while held, a day+$1.29
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni BTCUSDT | 85,855 | 0.0057 | pay 0.0007% / 1h | 52m 47s | $139.3M | $318.6M | 100x |
| Short | Vest BTC-PERP | 85,984.7 | 0.0100 | get 0.0013% / 1h | 52m 47s | — | $11.9M | 50x |
ApeX Omni BTCUSDT
Vest BTC-PERPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $15.1
- Funding while held
- $1.29
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- $4.39
- Spread needed to break even
- 0.120%
Slippage unknown: ApeX Omni: live order book, 3 min ago; Vest: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0043%
- Per $10,000 a day
- +$1.29
- Average in range /8h
- —
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 ApeX Omni live order book, 3 min ago | 0.21 bp | 5.2 bp −$5 | 5.2 bp −$52 | 13.0 bp −$1,302 | 41.3 bp −$20.7K |
| 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.
BTC price on every exchange
against the cheapest. Click to use as the short leg.Bulk85,852.4cheapest
BulkApeX Omni85,855+0.003%
edgeX85,902.9+0.059%Hibachi85,907.9+0.065%Hotstuff85,919+0.078%Variational Omni85,920+0.079%Bullet85,927.2+0.087%Arcus85,927.4+0.087%Popdex85,932+0.093%StandX85,933.9+0.095%Reya85,934.6+0.096%Perpl85,936.7+0.098%Injective85,937+0.099%Katana Perps85,938+0.100%Nado85,938.8+0.101%SunX85,939.7+0.102%Phoenix85,952+0.116%Phemex85,953.2+0.117%Derive85,953.2+0.117%Aevo85,956.4+0.121%Polymarket Perps85,959+0.124%SoDEX85,961+0.126%01 Exchange85,961.5+0.127%Orderly85,962.6+0.128%Bitget85,962.7+0.128%BingX85,965.3+0.131%HTX85,967.7+0.134%OKX85,968+0.135%RISEx85,968+0.135%Aster85,969.3+0.136%BloFin85,970.4+0.137%Jupiter Perps85,972.9+0.140%Ondo Perps85,973+0.140%GMX85,974.8+0.142%MEXC85,977.2+0.145%Aftermath Perps85,978.7+0.147%Bybit85,980.4+0.149%Extended85,982.9+0.152%
Hibachi
Hotstuff
Variational Omni
Bullet
Arcus
Popdex
StandX
Reya
Perpl
Injective
Katana Perps
Nado
SunX
Phoenix
Phemex
Derive
Aevo
Polymarket Perps
SoDEX
Orderly
Bitget
BingX
HTX
OKX
RISEx
Aster
BloFin
Jupiter Perps
Ondo Perps
GMX
MEXC
Bybit
ExtendedVest85,984.7+0.154%
Bluefin85,985.7+0.155%Gate85,986.9+0.157%gTrade (Gains Network)85,989.9+0.160%Binance85,991+0.161%KuCoin85,993.1+0.164%Kalshi85,998+0.170%Lighter86,001.1+0.173%Backpack86,001.1+0.173%Lighter RH86,002.1+0.174%Pacifica86,009+0.182%Kraken Futures86,014+0.188%Paradex86,018.6+0.194%dYdX86,028.6+0.205%Deribit86,044.8+0.224%Coinbase International86,062.4+0.245%Hyperliquid86,082+0.267%
Bluefin
Gate
gTrade (Gains Network)
Binance
KuCoin
Lighter
Backpack
Lighter RH
Pacifica
Kraken Futures
Paradex
dYdX
Deribit
Coinbase International
HyperliquidBTC on 55 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bulk BTC-USD | −0.003% | −0.0012% | 1h | $560.3M | $139.6M | 40x | as long as short |
| ApeX Omni BTCUSDTlong | 0.000% | +0.0057% | 1h | $139.3M | $318.6M | 100x | |
| edgeX BTCUSDC | +0.056% | +0.0100% | 4h | $278.8M | $883.9M | 100x | as long as short |
| Hibachi BTC/USDT-P | +0.062% | +0.0104% | 1h | $753K | $7.4M | 30x | as long as short |
| Hotstuff BTC-PERP | +0.075% | −0.0080% | 1h | $9K | $4K | 50x | as long as short |
| Variational Omni BTC | +0.076% | +0.0081% | 8h | $171.5M | $507.9M | — | as long as short |
| Bullet BTC-USD | +0.084% | +0.0093% | 1h | $230K | $3.3M | 20x | as long as short |
| Arcus BTC-USD | +0.084% | −0.0377% | 1h | $6.6M | $84.8M | 40x | as long as short |
| Popdex BTCUSDT | +0.090% | +0.0048% | 1h | $8.5M | $46.4M | 100x | as long as short |
| StandX BTC-USD | +0.092% | +0.0081% | 1h | $30.6M | $227.3M | 40x | as long as short |
Show all 55 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.093% | −0.0018% | 1h | $6.7M | $138.1M | 40x | as long as short |
| Perpl BTC | +0.095% | −0.0223% | 43m | $413K | $27.2M | 6.7x | as long as short |
| Injective BTC/USDC PERP | +0.096% | −0.0019% | 1h | $308K | $27.0M | 52x | as long as short |
| Katana Perps BTC-USD | +0.097% | +0.0100% | 8h | $215K | $5.6M | 50x | as long as short |
| Nado BTC-PERP | +0.098% | +0.0100% | 1h | $23.2M | $227.1M | 50x | as long as short |
| SunX BTC-USDT | +0.099% | +0.0100% | 8h | $3.3M | $5.9M | 100x | as long as short |
| Phoenix BTC | +0.113% | −0.0096% | 1h | $1.9M | $11.0M | 40x | as long as short |
| Phemex BTCUSDT | +0.114% | −0.0054% | 8h | $148.4M | $413.7M | 150x | as long as short |
| Derive BTC-PERP | +0.114% | +0.0068% | 1h | $30.4M | $60.0M | 15x | as long as short |
| Aevo BTC-PERP | +0.118% | +0.0032% | 1h | $2.4M | $1.3M | 20x | as long as short |
| Polymarket Perps BTC-USD | +0.121% | +0.0100% | 1h | $11.0M | $11.5M | 50x | as long as short |
| SoDEX BTC-USD | +0.123% | −0.0015% | 1h | $60.9M | $284.0M | 40x | as long as short |
| 01 Exchange BTCUSD | +0.124% | −0.0056% | 1h | $294K | $2.4M | 50x | as long as short |
| Orderly PERP_BTC_USDC | +0.125% | +0.0100% | 8h | $2.3M | $7.3M | 100x | as long as short |
| Bitget BTCUSDT | +0.125% | −0.0004% | 8h | $2.96B | $4.69B | 150x | as long as short |
| BingX BTC-USDT | +0.128% | −0.0003% | 8h | — | $1.38B | — | as long as short |
| HTX BTC-USDT | +0.131% | +0.0100% | 8h | $2.29B | $839.0M | 200x | as long as short |
| OKX BTC-USDT-SWAP | +0.132% | +0.0013% | 8h | $2.66B | $11.53B | 100x | as long as short |
| RISEx BTC/USDC | +0.132% | +0.0040% | 1h | $9.2M | $38.8M | 25x | as long as short |
| Aster BTCUSDT | +0.133% | +0.0023% | 8h | $505.2M | $1.11B | 200x | as long as short |
| BloFin BTC-USDT | +0.134% | −0.0088% | 8h | $423.2M | $565.0M | 150x | as long as short |
| Jupiter Perps WBTC-PERP | +0.137% | L +0.0104% / S +0.0048% | 1h | — | $85.4M | 500x | as long as short |
| Ondo Perps BTC-USD.P | +0.137% | +0.0100% | 1h | $4.0M | $16.5M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | +0.140% | L +0.0172% / S −0.0154% | 1h | $12.7M | — | 200x | as long as short |
| MEXC BTC_USDT | +0.142% | +0.0032% | 8h | $5.18B | $5.07B | 500x | as long as short |
| Aftermath Perps BTCUSD | +0.144% | +0.0106% | 1h | $87K | $150K | 20x | as long as short |
| Bybit BTCUSDT | +0.146% | +0.0019% | 8h | $5.24B | $8.56B | 150x | as long as short |
| Extended BTC-USD | +0.149% | −0.0024% | 1h | $48.7M | $200.6M | 50x | as long as short |
| Vest BTC-PERPshort | +0.151% | +0.0100% | 1h | — | $11.9M | 50x | |
| Bluefin BTC-PERP | +0.152% | −0.5527% | 1h | $142K | $392K | 40x | as long as short |
| Gate BTC_USDT | +0.154% | +0.0027% | 8h | $6.06B | $9.44B | 200x | as long as short |
| gTrade (Gains Network) BTC/USD | +0.157% | L +0.0005% / S −0.0004% | 1h | $36.8M | — | 200x | as long as short |
| Binance BTCUSDT | +0.158% | +0.0032% | 8h | $9.51B | $21.95B | 150x | as long as short |
| KuCoin XBTUSDTM | +0.161% | +0.0004% | 8h | $795.4M | $611.3M | 125x | as long as short |
| Kalshi KXBTCPERP | +0.167% | +0.0105% | 8h | $14.2M | $620.6M | 6.4x | as long as short |
| Lighter BTC | +0.170% | +0.0096% | 1h | $172.4M | $929.5M | 50x | as long as short |
| Backpack BTC_USDC_PERP | +0.170% | +0.0100% | 1h | $37.5M | $123.8M | 75x | as long as short |
| Lighter RH BTC | +0.171% | +0.0096% | 1h | $24.6M | $134.7M | 50x | as long as short |
| Pacifica BTC | +0.179% | +0.0100% | 1h | $37.0M | $385.2M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.185% | −0.0073% | 1h | $189.6M | $813.7M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.191% | +0.0094% | 8h | $4.4M | $6.8M | 50x | as long as short |
| dYdX BTC-USD | +0.202% | −0.0039% | 1h | $17.3M | $17.8M | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.221% | +0.0208% | 1h | $913.2M | $1.11B | 50x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.242% | +0.0184% | 1h | $128.2M | $6.00B | 50x | as long as short |
| Hyperliquid BTC | +0.264% | +0.0142% | 1h | $3.90B | $4.37B | 40x | as long as short |