Funding you earn now, next payment 12:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.031%
Price spread now: Vest against dYdX+0.134%7-day average +0.015% · 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)+0.071%+$7 on $10k
+Price spread, last 7 days−0.124%−$12 · spread now +0.134%, 7d avg +0.015%
=Together, before fees−0.053%+ Points / potential airdropVest: Active · farm board−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Vest is 0.119% dearer against dYdX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.015%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX BTC-USD | 85,879.7 | 0 | get 0.0000% / 1h | 47m 02s | $16.8M | $13.6M | 50x |
| Short | Vest BTC-PERP | 85,995.1 | 0.0100 | get 0.0013% / 1h | 47m 02s | — | $10.1M | 50x |
dYdX BTC-USD
Vest BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest against dYdX. 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
- $21
- Price spread: +0.134% → +0.015%
- $11.94
- Slippage, 4 orders
- no order book: not counted
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- $20.94
- Costs to cover
- 0.120%
- Break-even
- 0.0 days
Slippage unknown: dYdX: live order book, just now; 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 dYdX live order book, just now | 3.84 bp | 8.8 bp −$9 | 9.9 bp −$99 | 14.5 bp −$1,453 | 26.0 bp −$13.0K |
| 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0150% | 1h | 85,939 | +0.069% | $2.1M | $7.7M | 40x | as long as short |
| Perpl BTC | −0.0112% | 43m | 85,936.6 | +0.066% | $473K | $13.4M | 6.7x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,930 | +0.059% | $8K | $2K | 50x | as long as short |
| BloFin BTC-USDT | −0.0045% | 8h | 85,912.5 | +0.038% | $424.3M | $550.5M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0040% | 1h | 85,917.6 | +0.044% | $369K | $1.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | −0.0004% | 1h | 85,852.8 | −0.031% | $137.7M | $288.5M | 100x | as long as short |
| dYdX BTC-USDlong | 0.0000% | 1h | 85,879.7 | long leg | $16.8M | $13.6M | 50x | |
| Injective BTC/USDC PERP | +0.0001% | 1h | 85,783 | −0.113% | $321K | $28.3M | 52x | as long as short |
| SoDEX BTC-USD | +0.0003% | 1h | 85,914 | +0.040% | $65.9M | $186.9M | 40x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,926.6 | +0.055% | $36.9M | — | 200x | as long as short |
Phoenix BTC
Perpl BTC
Hotstuff BTC-PERP
BloFin BTC-USDT
01 Exchange BTCUSD
ApeX Omni BTCUSDT
Injective BTC/USDC PERP
SoDEX BTC-USD
gTrade (Gains Network) BTC/USDShow all 56 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BTCUSDT | +0.0015% | 8h | 85,892 | +0.014% | $511.3M | $830.4M | 200x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0019% | 1h | 85,923.7 | +0.051% | $192.8M | $739.1M | 100x | as long as short |
| BingX BTC-USDC | +0.0047% | 8h | 85,872 | −0.009% | — | $16.1M | — | as long as short |
| Popdex BTCUSDT | +0.0048% | 1h | 85,933 | +0.062% | $8.6M | $45.6M | 100x | as long as short |
| KuCoin XBTUSDTM | +0.0053% | 8h | 85,916.2 | +0.042% | $941.4M | $635.2M | 125x | as long as short |
| Bybit BTCUSDT | +0.0061% | 8h | 85,897.3 | +0.020% | $5.14B | $8.00B | 150x | as long as short |
| Phemex BTCUSDT | +0.0061% | 8h | 85,926.4 | +0.054% | $171.1M | $475.0M | 150x | as long as short |
| Aevo BTC-PERP | +0.0072% | 1h | 85,908.4 | +0.033% | $2.4M | $6.8M | 20x | as long as short |
| MEXC BTC_USDT | +0.0074% | 8h | 85,905.6 | +0.030% | $5.16B | $4.71B | 500x | as long as short |
| Binance BTCUSDT | +0.0075% | 8h | 85,891.3 | +0.013% | $9.41B | $20.02B | 150x | as long as short |
| Gate BTC_USDT | +0.0077% | 8h | 85,899.9 | +0.023% | $5.51B | $8.77B | 200x | as long as short |
| HTX BTC-USDT | +0.0085% | 8h | 85,906.5 | +0.031% | $2.27B | $760.9M | 200x | as long as short |
| Bitget BTCUSDT | +0.0087% | 8h | 85,884.2 | +0.005% | $3.00B | $3.84B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,926.3 | +0.054% | $173.5M | $835.1M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,932.9 | +0.062% | $23.8M | $117.1M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,900 | +0.024% | $231K | $8.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,934.7 | +0.064% | $5.9M | $7.2M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 85,933.3 | +0.062% | $23.6M | $189.5M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,921.6 | +0.049% | $40.1M | $569.3M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,897.7 | +0.021% | $2.63B | $9.12B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,894 | +0.017% | $4.0M | $14.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,923.8 | +0.051% | $4.8M | $91.1M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,884.1 | +0.005% | $38.2M | $196.1M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,863.5 | −0.019% | $156.6M | $472.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,791.9 | −0.102% | $289.4M | $734.8M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,812 | −0.079% | $215.5M | $132.8M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,867 | −0.015% | $30.2M | $227.3M | 40x | as long as short |
| Vest BTC-PERPshort | +0.0100% | 1h | 85,995.1 | +0.134% | — | $10.1M | 50x | |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,932 | +0.061% | $11.0M | $12.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,950 | +0.082% | $217K | $3.2M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,909.8 | +0.035% | $2.6M | $8.7M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,946.1 | +0.077% | $143K | $608K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,974 | +0.110% | $29.1M | $44.3M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,881.1 | +0.002% | $3.3M | $6.8M | 100x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,951.1 | +0.083% | $715.0M | $86.6M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,851.8 | −0.033% | $47.3M | $191.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,948.8 | +0.080% | — | $79.0M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0128% | 1h | 85,942.8 | +0.073% | $112.0M | $4.95B | 50x | as long as short |
| Kalshi KXBTCPERP | +0.0157% | 8h | 85,940 | +0.070% | $13.2M | $739.0M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0165% | 1h | 85,955.8 | +0.089% | $9.0M | $35.4M | 25x | as long as short |
| Reya BTCRUSDPERP | +0.0173% | 1h | 85,917.7 | +0.044% | $6.6M | $125.0M | 40x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0212% / S −0.0259% | 1h | 85,929.5 | +0.058% | $15.8M | — | 200x | as long as short |
| Hyperliquid BTC | +0.0220% | 1h | 85,990 | +0.128% | $3.95B | $4.17B | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0258% | 1h | 85,971.5 | +0.107% | $819.4M | $1.49B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0296% | 1h | 85,960.7 | +0.094% | $695K | $6.7M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0308% | 1h | 85,913.1 | +0.039% | $79K | $228K | 20x | as long as short |
Aster BTCUSDT
Kraken Futures PF_XBTUSD
BingX BTC-USDC
Popdex BTCUSDT
KuCoin XBTUSDTM
Bybit BTCUSDT
Phemex BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Gate BTC_USDT
HTX BTC-USDT
Bitget BTCUSDT
Lighter BTC
Lighter RH BTC
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
StandX BTC-USD
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kalshi KXBTCPERP
RISEx BTC/USDC
Reya BTCRUSDPERP
GMX BTC/USD [WBTC.b-USDC]
Hyperliquid BTC
Deribit BTC-PERPETUAL
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD