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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Pacifica against Vest+0.012%7-day average +0.015% · 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 4 days (all we have)+0.037%+$4 on $10k
Price spread, last 7 days−0.003%$0 · spread now +0.012%, 7d avg +0.015%
Together, before fees+0.034%+ Points / potential airdropVest: Active · Pacifica: Active · farm board+$3 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest BTC-PERP85,910.40.0100pay 0.0013% / 1h48m 31s$10.1M50x
ShortPacifica BTC85,920.90.0100get 0.0013% / 1h48m 31s$40.1M$569.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Vest. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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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: +0.012% → +0.015%
−$0.24
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$10.24
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Vest: no order-book sample; Pacifica: live order book, 4 min ago. 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 Vest no order-book sample
Sell Pacifica live order book, 4 min ago0.06 bp4.5 bp −$54.6 bp −$46doesn't fitdoesn'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 exchanges

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−0.0150%1h85,939+0.033%$2.1M$7.7M40xas long as short
Perpl BTC−0.0112%43m85,837.3−0.085%$474K$13.4M6.7xas long as short
Hotstuff BTC-PERP−0.0080%1h85,930+0.023%$8K$2K50xas long as short
BloFin BTC-USDT−0.0045%8h85,776.6−0.156%$421.4M$548.7M150xas long as short
01 Exchange BTCUSD−0.0032%1h85,857.1−0.062%$369K$1.8M50xas long as short
SoDEX BTC-USD−0.0010%1h85,806−0.122%$65.8M$187.1M40xas long as short
dYdX BTC-USD0.0000%1h85,879.7−0.036%$16.8M$13.6M50xas long as short
Injective BTC/USDC PERP+0.0001%1h85,802−0.126%$321K$28.2M52xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,754.5−0.182%$36.8M200xas long as short
Aster BTCUSDT+0.0015%8h85,854.4−0.065%$511.1M$831.8M200xas long as short
Show all 56 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_XBTUSD+0.0019%1h85,778.2−0.154%$192.2M$739.0M100xas long as short
Popdex BTCUSDT+0.0040%1h85,850−0.070%$8.6M$45.5M100xas long as short
BingX BTC-USDC+0.0047%8h85,853.3−0.066%$16.1Mas long as short
KuCoin XBTUSDTM+0.0053%8h85,874.4−0.042%$941.4M$633.4M125xas long as short
Bybit BTCUSDT+0.0060%8h85,849.6−0.071%$5.14B$7.99B150xas long as short
Aevo BTC-PERP+0.0072%1h85,771.2−0.162%$2.4M$6.8M20xas long as short
Binance BTCUSDT+0.0075%8h85,855.6−0.064%$9.41B$20.03B150xas long as short
MEXC BTC_USDT+0.0075%8h85,886.1−0.028%$5.15B$4.70B500xas long as short
Gate BTC_USDT+0.0077%8h85,878.8−0.037%$5.51B$8.76B200xas long as short
Phemex BTCUSDT+0.0079%8h85,789.9−0.140%$170.9M$474.5M150xas long as short
HTX BTC-USDT+0.0081%8h85,754.6−0.181%$2.26B$768.4M200xas long as short
ApeX Omni BTCUSDT+0.0085%1h85,897.1−0.016%$137.7M$288.5M100xas long as short
Bitget BTCUSDT+0.0087%8h85,849.2−0.071%$3.00B$3.84B150xas long as short
Lighter BTC+0.0096%1h85,899.2−0.013%$173.4M$833.8M50xas long as short
Lighter RH BTC+0.0096%1h85,905.1−0.006%$23.8M$117.0M50xas long as short
Katana Perps BTC-USD+0.0100%8h85,833−0.090%$229K$8.1M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,910.30.000%$5.9M$7.3M50xas long as short
Nado BTC-PERP+0.0100%1h85,854.3−0.065%$23.6M$189.5M50xas long as short
Pacifica BTCshort+0.0100%1h85,920.9+0.012%$40.1M$569.3M50x
OKX BTC-USDT-SWAP+0.0100%8h85,827.3−0.097%$2.63B$9.11B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,859−0.060%$4.0M$14.6M25xas long as short
Arcus BTC-USD+0.0100%1h85,863.4−0.055%$4.8M$91.3M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,765.7−0.168%$38.2M$196.0M75xas long as short
Variational Omni BTC+0.0100%8h85,863.5−0.055%$156.6M$472.5Mas long as short
edgeX BTCUSDC+0.0100%4h85,863−0.055%$289.4M$732.9M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,886.7−0.028%$215.6M$132.6M50xas long as short
StandX BTC-USD+0.0100%1h85,908.8−0.002%$30.2M$227.4M40xas long as short
Vest BTC-PERPlong+0.0100%1h85,910.4long leg$10.1M50x
Polymarket Perps BTC-USD+0.0100%1h85,833−0.090%$11.0M$12.1M50xas long as short
Bullet BTC-USD+0.0100%1h85,786−0.145%$216K$3.2M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,738.1−0.201%$2.6M$8.7M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,759.9−0.175%$143K$608K40xas long as short
Derive BTC-PERP+0.0100%1h85,819.3−0.106%$29.0M$44.3M15xas long as short
SunX BTC-USDT+0.0100%8h85,876.7−0.039%$3.3M$6.8M100xas long as short
Bulk BTC-USD+0.0100%1h85,951.1+0.047%$715.0M$86.6M40xas long as short
Extended BTC-USD+0.0104%1h85,824.3−0.100%$47.3M$191.6M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,823.5−0.101%$79.2M500xas long as short
Coinbase International BTC-PERP-INTX+0.0128%1h85,800.2−0.128%$112.0M$4.93B50xas long as short
Kalshi KXBTCPERP+0.0157%8h85,825−0.099%$13.0M$738.5M6.4xas long as short
RISEx BTC/USDC+0.0165%1h85,896.1−0.017%$9.0M$35.5M25xas long as short
Deribit BTC-PERPETUAL+0.0171%1h85,810−0.117%$819.8M$1.49B50xas long as short
Reya BTCRUSDPERP+0.0173%1h85,830.5−0.093%$6.6M$125.2M40xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0211% / S −0.0252%1h85,774.4−0.158%$15.5M200xas long as short
Hyperliquid BTC+0.0224%1h85,963+0.061%$3.95B$4.16B40xas long as short
Hibachi BTC/USDT-P+0.0296%1h85,960.7+0.059%$695K$6.7M30xas long as short
Aftermath Perps BTCUSD+0.0315%1h85,906.4−0.005%$79K$228K20xas long as short