Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.131%
Price spread now: Bluefin against Vest−0.035%7-day average −0.032% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.389%−$39 on $10k
+Price spread, last 4 days (all we have)+0.037%+$4 · spread now −0.035%, 7d avg −0.032%
=Together, before fees−0.352%+ Points / potential airdropVest: Active · farm board−$35 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest BTC-PERP | 85,378.8 | 0.0100 | pay 0.0013% / 1h | 5m 03s | — | $10.3M | 50x |
| Short | Bluefin BTC-PERP | 85,349 | 0.0100 | get 0.0013% / 1h | 5m 03s | $193K | $796K | 40x |
Vest BTC-PERP
Bluefin BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bluefin against Vest. 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
- $0
- Price spread: −0.035% → −0.032%
- −$0.3
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Net
- −$9.3
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Vest: no order-book sample; Bluefin: live order book, 34 min ago. 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 Vest no order-book sample | — | — | — | — | — |
| Sell Bluefin live order book, 34 min ago | 1.14 bp | 6.5 bp −$7 | 11.4 bp −$114 | doesn't fit | doesn't fit |
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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,291 | −0.103% | $8K | $3K | 50x | as long as short |
| Phoenix BTC | −0.0034% | 1h | 85,306 | −0.085% | $2.3M | $10.8M | 40x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,294.8 | −0.098% | $421.8M | $685.3M | 150x | as long as short |
| KuCoin XBTUSDTM | −0.0007% | 8h | 85,292.3 | −0.101% | $928.2M | $776.9M | 125x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,308 | −0.083% | $345K | $2.3M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,303 | −0.089% | $36.5M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0013% | 8h | 85,293.3 | −0.100% | $502.7M | $1.09B | 200x | as long as short |
| dYdX BTC-USD | +0.0020% | 1h | 85,277.8 | −0.118% | $16.7M | $21.0M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0026% | 1h | 85,309.8 | −0.081% | $186.2M | $954.3M | 100x | as long as short |
| Injective BTC/USDC PERP | +0.0067% | 1h | 85,296 | −0.097% | $311K | $25.9M | 52x | as long as short |
Hotstuff BTC-PERP
Phoenix BTC
BloFin BTC-USDT
KuCoin XBTUSDTM
01 Exchange BTCUSD
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
dYdX BTC-USD
Kraken Futures PF_XBTUSD
Injective BTC/USDC PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0067% | 8h | 85,297.6 | −0.095% | — | $1.58B | — | as long as short |
| Bybit BTCUSDT | +0.0085% | 8h | 85,296.2 | −0.097% | $5.09B | $10.03B | 150x | as long as short |
| ApeX Omni BTCUSDT | +0.0092% | 1h | 85,259 | −0.140% | $138.0M | $312.7M | 100x | as long as short |
| Nado BTC-PERP | +0.0094% | 1h | 85,293.9 | −0.099% | $24.0M | $221.5M | 50x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,310.6 | −0.080% | $169.4M | $1.03B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,309.3 | −0.081% | $23.6M | $149.2M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,310 | −0.081% | $8.4M | $57.8M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,297.1 | −0.096% | $2.4M | $6.7M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,284 | −0.111% | $266K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,338.8 | −0.047% | $5.7M | $9.6M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,309.9 | −0.081% | $40.0M | $605.4M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,295.6 | −0.097% | $9.39B | $25.17B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,298.4 | −0.094% | $2.60B | $12.26B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,305 | −0.086% | $3.8M | $17.3M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,322.9 | −0.065% | $4.6M | $97.8M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,256 | −0.144% | $695.2M | $190.7M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,295.3 | −0.098% | $5.46B | $11.18B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,296 | −0.097% | $5.03B | $5.78B | 500x | as long as short |
| Bitget BTCUSDT | +0.0100% | 8h | 85,297.4 | −0.095% | $2.97B | $5.20B | 150x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,295.4 | −0.098% | $36.7M | $191.2M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,262.8 | −0.136% | $155.2M | $549.3M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,243.5 | −0.158% | $282.7M | $958.3M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,269.1 | −0.128% | $214.0M | $159.3M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,273.5 | −0.123% | $30.1M | $215.3M | 40x | as long as short |
| Vest BTC-PERPlong | +0.0100% | 1h | 85,378.8 | long leg | — | $10.3M | 50x | |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,309 | −0.082% | $10.9M | $15.0M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,308.1 | −0.083% | $198K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,302.2 | −0.090% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERPshort | +0.0100% | 1h | 85,349 | −0.035% | $193K | $796K | 40x | |
| Derive BTC-PERP | +0.0100% | 1h | 85,301.3 | −0.091% | $28.8M | $47.0M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,260.3 | −0.139% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,295 | −0.098% | $59.7M | $336.5M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,294 | −0.099% | $2.25B | $973.9M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,299 | −0.093% | $158.7M | $516.3M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,273.9 | −0.123% | $45.7M | $241.2M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,280.9 | −0.115% | — | $106.7M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,338 | −0.048% | $111.6M | $5.47B | 50x | as long as short |
| Hyperliquid BTC | +0.0119% | 1h | 85,386 | +0.008% | $3.79B | $5.11B | 40x | as long as short |
| Reya BTCRUSDPERP | +0.0144% | 1h | 85,300.1 | −0.092% | $6.6M | $141.6M | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0161% | 1h | 85,337.3 | −0.049% | $834.8M | $1.66B | 50x | as long as short |
| Kalshi KXBTCPERP | +0.0173% | 8h | 85,321 | −0.068% | $12.0M | $737.5M | 6.4x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0174% / S −0.0147% | 1h | 85,297.7 | −0.095% | $13.0M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,322.7 | −0.066% | $8.8M | $43.0M | 25x | as long as short |
| Aftermath Perps BTCUSD | +0.0292% | 1h | 85,284.9 | −0.110% | $81K | $250K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0296% | 1h | 85,322.9 | −0.065% | $699K | $7.7M | 30x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,305.4 | −0.086% | $463K | $18.3M | 6.7x | as long as short |
BingX BTC-USDT
Bybit BTCUSDT
ApeX Omni BTCUSDT
Nado BTC-PERP
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Pacifica BTC
Binance BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
MEXC BTC_USDT
Bitget BTCUSDT
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
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Hyperliquid BTC
Reya BTCRUSDPERP
Deribit BTC-PERPETUAL
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]
RISEx BTC/USDC
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Perpl BTC