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

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0017%/8h= +1.9% APRpaid last 24h +0.018%
Price spread now: Vest against Bitget+0.080%7-day average +0.009% · you sell dearer than you buy
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)0.000%$0 on $10k
Price spread, last 7 days−0.077%−$8 · spread now +0.080%, 7d avg +0.009%
Together, before fees−0.077%+ Points / potential airdropVest: Active · farm board−$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Vest is 0.071% dearer against Bitget than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.009%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BTCUSDT85,223.80.0083pay 0.0083% / 8h2h 34m$2.94B$5.17B150x
ShortVest BTC-PERP85,291.90.0100get 0.0013% / 1h34m 36s$10.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest against Bitget. 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
$3.57
Price spread: +0.080% → +0.009%
$7.08
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Vest: 1 bp × 2 orders
−$2
Net
−$3.35
Costs to cover
0.140%
Break-even
13.6 days
Slippage unknown: Bitget: live order book, 5 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
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 5 min ago0.01 bp6.0 bp −$66.0 bp −$606.6 bp −$6567.9 bp −$3,965
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 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
Perpl BTC−0.0112%43m85,316.9+0.109%$526K$18.8M6.7xas long as short
Phoenix BTC−0.0111%1h85,251+0.032%$2.1M$10.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,242+0.021%$8K$3K50xas long as short
KuCoin XBTUSDTM−0.0053%8h85,217.4−0.008%$921.7M$763.6M125xas long as short
BloFin BTC-USDT−0.0034%8h85,308.7+0.100%$421.3M$680.3M150xas long as short
01 Exchange BTCUSD−0.0032%1h85,232.4+0.010%$383K$2.3M50xas long as short
Aster BTCUSDT−0.0014%8h85,227.8+0.005%$512.5M$1.10B200xas long as short
dYdX BTC-USD+0.0001%1h85,271.9+0.056%$16.7M$21.7M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,333.5+0.129%$36.5M200xas long as short
Nado BTC-PERP+0.0017%1h85,224.7+0.001%$24.5M$222.9M50xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BTC/USDC PERP+0.0023%1h85,225+0.001%$338K$26.8M52xas long as short
Kraken Futures PF_XBTUSD+0.0056%1h85,338.2+0.134%$187.6M$955.9M100xas long as short
BingX BTC-USDT+0.0066%8h85,227.6+0.004%$1.56Bas long as short
Bullet BTC-USD+0.0068%1h85,321+0.114%$206K$3.3M20xas long as short
SoDEX BTC-USD+0.0070%1h85,330+0.125%$59.7M$335.8M40xas long as short
Phemex BTCUSDT+0.0070%8h85,312.1+0.104%$149.2M$503.7M150xas long as short
Aevo BTC-PERP+0.0080%1h85,319.5+0.112%$2.4M$6.7M20xas long as short
Bitget BTCUSDTlong+0.0083%8h85,223.8long leg$2.94B$5.17B150x
MEXC BTC_USDT+0.0085%8h85,224.6+0.001%$5.06B$5.70B500xas long as short
Binance BTCUSDT+0.0086%8h85,214.6−0.011%$9.41B$24.83B150xas long as short
Lighter BTC+0.0096%1h85,231+0.008%$171.1M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h85,235.7+0.014%$23.7M$148.0M50xas long as short
Popdex BTCUSDT+0.0096%1h85,221−0.003%$8.3M$55.6M100xas long as short
Coinbase International BTC-PERP-INTX+0.0096%1h85,355.1+0.154%$117.1M$5.34B50xas long as short
Katana Perps BTC-USD+0.0100%8h85,204−0.023%$238K$8.5M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,271.7+0.056%$5.6M$9.5M50xas long as short
Hyperliquid BTC+0.0100%1h85,311+0.102%$3.75B$5.06B40xas long as short
Pacifica BTC+0.0100%1h85,252.9+0.034%$40.1M$595.5M50xas long as short
Bybit BTCUSDT+0.0100%8h85,207.7−0.019%$5.16B$9.93B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,209.9−0.016%$2.58B$12.17B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,214−0.011%$3.8M$17.6M25xas long as short
Arcus BTC-USD+0.0100%1h85,227.2+0.004%$4.6M$99.2M40xas long as short
Bulk BTC-USD+0.0100%1h85,324.1+0.118%$679.5M$626.7M40xas long as short
Gate BTC_USDT+0.0100%8h85,2240.000%$5.52B$10.89B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,287.7+0.075%$36.0M$174.6M75xas long as short
Variational Omni BTC+0.0100%8h85,263.5+0.047%$156.5M$568.3Mas long as short
edgeX BTCUSDC+0.0100%4h85,240.8+0.020%$278.9M$942.4M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,264.2+0.047%$214.3M$168.8M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,275.4+0.061%$139.4M$315.6M100xas long as short
StandX BTC-USD+0.0100%1h85,308+0.099%$30.1M$206.0M40xas long as short
Vest BTC-PERPshort+0.0100%1h85,291.9+0.080%$10.9M50x
Polymarket Perps BTC-USD+0.0100%1h85,316+0.108%$11.0M$14.4M50xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,327.7+0.122%$2.4M$9.1M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,372.1+0.174%$217K$750K40xas long as short
Derive BTC-PERP+0.0100%1h85,307.6+0.098%$30.1M$50.4M15xas long as short
SunX BTC-USDT+0.0100%8h85,301.2+0.091%$2.9M$6.1M100xas long as short
HTX BTC-USDT+0.0100%8h85,313.2+0.105%$2.26B$952.8M200xas long as short
Extended BTC-USD+0.0104%1h85,202.1−0.026%$45.3M$238.2M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h85,322.7+0.116%$107.0M500xas long as short
Reya BTCRUSDPERP+0.0113%1h85,320.5+0.113%$6.6M$147.4M40xas long as short
Deribit BTC-PERPETUAL+0.0132%1h85,369.7+0.171%$872.4M$1.61B50xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0176% / S −0.0151%1h85,323.9+0.117%$13.0M200xas long as short
Kalshi KXBTCPERP+0.0176%8h85,346+0.143%$11.4M$747.4M6.4xas long as short
Aftermath Perps BTCUSD+0.0216%1h85,312.5+0.104%$79K$225K20xas long as short
Hibachi BTC/USDT-P+0.0224%1h85,306+0.096%$719K$8.0M30xas long as short
RISEx BTC/USDC+0.0257%1h85,243.6+0.023%$8.7M$43.1M25xas long as short