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

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.175%
Price spread now: Vest against Bluefin+0.033%7-day average +0.033% · 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)+0.385%+$39 on $10k
Price spread, last 3 days (all we have)−0.032%−$3 · spread now +0.033%, 7d avg +0.033%
Together, before fees+0.353%+ Points / potential airdropVest: Active · farm board+$35 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin BTC-PERP86,577.10.0100pay 0.0013% / 1h40m 22s$140K$663K40x
ShortVest BTC-PERP86,605.60.0100get 0.0013% / 1h40m 22s$11.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest against Bluefin. 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: +0.033% → +0.033%
$0.01
Slippage, 4 orders
no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee Vest: 1 bp × 2 orders
−$2
Net
−$8.99
Costs to cover
0.090%
Break-even
never at this rate
Slippage unknown: Bluefin: live order book, 39 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 Bluefin live order book, 39 min ago1.10 bp6.3 bp −$610.9 bp −$109doesn't fitdoesn't fit
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
Phoenix BTC−0.0118%1h86,598+0.024%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,553−0.028%$9K$3K50xas long as short
Injective BTC/USDC PERP−0.0035%1h86,568−0.011%$333K$26.8M52xas long as short
RISEx BTC/USDC−0.0024%1h86,562.6−0.017%$8.3M$42.9M25xas long as short
01 Exchange BTCUSD−0.0024%1h86,560.2−0.020%$360K$2.5M50xas long as short
Aster BTCUSDT0.0000%8h86,543.5−0.039%$502.0M$1.15B200xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,577.20.000%$916.5M$1.49B50xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,566.2−0.013%$36.9M200xas long as short
KuCoin XBTUSDTM+0.0013%8h86,549.5−0.032%$850.7M$715.1M125xas long as short
Reya BTCRUSDPERP+0.0027%1h86,542.8−0.040%$6.7M$145.4M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX BTC-USD+0.0029%1h86,584.4+0.008%$17.0M$21.1M50xas long as short
BingX BTC-USDT+0.0042%8h86,543.4−0.039%$1.59Bas long as short
Phemex BTCUSDT+0.0044%8h86,548.8−0.033%$150.5M$479.2M150xas long as short
Bitget BTCUSDT+0.0052%8h86,538.2−0.045%$2.96B$5.12B150xas long as short
Binance BTCUSDT+0.0072%8h86,543.4−0.039%$9.43B$24.58B150xas long as short
MEXC BTC_USDT+0.0072%8h86,544−0.038%$5.15B$5.65B500xas long as short
Aevo BTC-PERP+0.0072%1h86,538.5−0.045%$2.4M$1.3M20xas long as short
Gate BTC_USDT+0.0082%8h86,540.7−0.042%$5.88B$10.74B200xas long as short
Lighter BTC+0.0096%1h86,550.7−0.030%$170.5M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h86,584.9+0.009%$24.1M$151.8M50xas long as short
Popdex BTCUSDT+0.0096%1h86,551−0.030%$8.5M$52.6M100xas long as short
SoDEX BTC-USD+0.0097%1h86,543−0.039%$60.5M$337.7M40xas long as short
Bybit BTCUSDT+0.0100%8h86,540.9−0.042%$5.26B$9.82B150xas long as short
Katana Perps BTC-USD+0.0100%8h86,526−0.059%$200K$7.0M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,593.7+0.019%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,574.9−0.003%$21.9M$234.8M50xas long as short
Hyperliquid BTC+0.0100%1h86,622+0.052%$3.80B$5.11B40xas long as short
Pacifica BTC+0.0100%1h86,598.7+0.025%$40.8M$524.0M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,549.1−0.032%$2.55B$12.76B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,564−0.015%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,591.6+0.017%$7.6M$95.1M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,588.2+0.013%$38.4M$155.8M75xas long as short
Variational Omni BTC+0.0100%8h86,585.8+0.010%$157.4M$570.0Mas long as short
edgeX BTCUSDC+0.0100%4h86,643+0.076%$279.9M$948.2M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,607.5+0.035%$217.5M$171.6M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,662+0.098%$141.6M$323.3M100xas long as short
StandX BTC-USD+0.0100%1h86,574−0.004%$30.7M$204.8M40xas long as short
Vest BTC-PERPshort+0.0100%1h86,605.6+0.033%$11.9M50x
Polymarket Perps BTC-USD+0.0100%1h86,551−0.030%$11.1M$13.8M50xas long as short
Bullet BTC-USD+0.0100%1h86,547−0.035%$191K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,548.7−0.033%$2.4M$9.0M100xas long as short
Bluefin BTC-PERPlong+0.0100%1h86,577.1long leg$140K$663K40x
Derive BTC-PERP+0.0100%1h86,574.6−0.003%$30.6M$62.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,556.7−0.024%$3.4M$5.4M100xas long as short
HTX BTC-USDT+0.0100%8h86,531.6−0.053%$2.30B$970.9M200xas long as short
Bulk BTC-USD+0.0100%1h86,562.5−0.017%$572.7M$17.7M40xas long as short
Extended BTC-USD+0.0104%1h86,526.1−0.059%$45.5M$227.2M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,617.3+0.046%$98.9M500xas long as short
Kraken Futures PF_XBTUSD+0.0110%1h86,569.3−0.009%$193.5M$951.6M100xas long as short
Perpl BTC+0.0112%43m86,584.2+0.008%$417K$23.2M6.7xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,584.6+0.009%$132.6M$5.68B50xas long as short
Aftermath Perps BTCUSD+0.0123%1h86,601.4+0.028%$79K$219K20xas long as short
Hibachi BTC/USDT-P+0.0184%1h86,625.4+0.056%$728K$8.1M30xas long as short
BloFin BTC-USDT+0.0193%8h86,593.5+0.019%$413.9M$658.9M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0193% / S −0.0215%1h86,561−0.019%$15.0M200xas long as short
Kalshi KXBTCPERP+0.0209%8h86,617+0.046%$9.7M$743.7M6.4xas long as short