Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.017%
Price spread now: Phemex against Vest−0.036%7-day average −0.017% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.007%−$1 on $10k
+Price spread, last 4 days (all we have)+0.037%+$4 · spread now −0.036%, 7d avg −0.017%
=Together, before fees+0.030%+ Points / potential airdropVest: Active · farm board+$3 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 | 85,383.9 | 0.0100 | pay 0.0013% / 1h | 27m 57s | — | $10.9M | 50x |
| Short | Phemex BTCUSDT | 85,353.2 | 0.0100 | get 0.0100% / 8h | 1h 27m | $152.2M | $509.9M | 150x |
Vest BTC-PERP
Phemex BTCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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: −0.036% → −0.017%
- −$1.9
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$15.9
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Vest: no order-book sample; Phemex: live order book, 6 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 Phemex live order book, 6 min ago | 0.01 bp | 6.5 bp −$6 | 7.6 bp −$76 | 9.6 bp −$961 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0082% | 1h | 85,329 | −0.064% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,313 | −0.083% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0045% | 8h | 85,383.8 | 0.000% | $928.5M | $773.7M | 125x | as long as short |
| BloFin BTC-USDT | −0.0029% | 8h | 85,312.1 | −0.084% | $421.0M | $682.8M | 150x | as long as short |
| Aster BTCUSDT | −0.0011% | 8h | 85,400 | +0.019% | $513.1M | $1.09B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,330.8 | −0.062% | $353K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,329.2 | −0.064% | $492K | $18.5M | 6.7x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 85,282.8 | −0.118% | $16.7M | $21.3M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,348.2 | −0.042% | $36.5M | — | 200x | as long as short |
| Nado BTC-PERP | +0.0042% | 1h | 85,317.7 | −0.078% | $24.4M | $222.4M | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
01 Exchange BTCUSD
Perpl BTC
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Nado BTC-PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0057% | 1h | 85,247 | −0.160% | $338K | $26.8M | 52x | as long as short |
| BingX BTC-USDT | +0.0071% | 8h | 85,402.2 | +0.021% | — | $1.56B | — | as long as short |
| ApeX Omni BTCUSDT | +0.0083% | 1h | 85,306.3 | −0.091% | $139.5M | $314.2M | 100x | as long as short |
| Aevo BTC-PERP | +0.0088% | 1h | 85,330.5 | −0.063% | $2.4M | $6.7M | 20x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0089% | 1h | 85,358.6 | −0.030% | $185.5M | $958.4M | 100x | as long as short |
| Bitget BTCUSDT | +0.0089% | 8h | 85,442.1 | +0.068% | $2.97B | $5.18B | 150x | as long as short |
| MEXC BTC_USDT | +0.0091% | 8h | 85,400.9 | +0.020% | $5.01B | $5.75B | 500x | as long as short |
| Binance BTCUSDT | +0.0092% | 8h | 85,413.8 | +0.035% | $9.43B | $24.96B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,359.1 | −0.029% | $170.3M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,353.9 | −0.035% | $23.5M | $148.1M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,325 | −0.069% | $8.4M | $56.3M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,305 | −0.092% | $236K | $8.7M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,403.7 | +0.023% | $5.15B | $9.99B | 150x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,390.7 | +0.008% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,442 | +0.068% | $3.74B | $5.09B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,359.5 | −0.029% | $39.9M | $602.6M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,449.9 | +0.077% | $2.60B | $12.26B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,315 | −0.081% | $3.8M | $17.1M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,318.7 | −0.076% | $5.1M | $98.9M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,406.6 | +0.027% | $5.55B | $11.02B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,354.9 | −0.034% | $37.1M | $178.4M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,275.8 | −0.127% | $154.7M | $557.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,267.5 | −0.136% | $279.4M | $951.1M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,293.3 | −0.106% | $214.1M | $165.1M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,321.9 | −0.073% | $30.1M | $203.5M | 40x | as long as short |
| Vest BTC-PERPlong | +0.0100% | 1h | 85,383.9 | long leg | — | $10.9M | 50x | |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,328 | −0.065% | $11.0M | $14.6M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,337 | −0.055% | $201K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,337.2 | −0.055% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,376.4 | −0.009% | $194K | $795K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,214.5 | −0.198% | $29.9M | $47.0M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,313.5 | −0.082% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,340 | −0.051% | $59.7M | $336.8M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,326.2 | −0.068% | $2.26B | $967.9M | 200x | as long as short |
| Phemex BTCUSDTshort | +0.0100% | 8h | 85,353.2 | −0.036% | $152.2M | $509.9M | 150x | |
| Bulk BTC-USD | +0.0100% | 1h | 85,269.9 | −0.134% | $683.1M | $415.1M | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0102% | 1h | 85,382.5 | −0.002% | $862.2M | $1.64B | 50x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,379.5 | −0.005% | $44.9M | $240.8M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,332.2 | −0.061% | — | $106.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,380.5 | −0.004% | $115.8M | $5.47B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0129% | 1h | 85,307.5 | −0.090% | $6.6M | $147.6M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0182% | 8h | 85,358 | −0.030% | $11.8M | $740.9M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0193% | 1h | 85,348 | −0.042% | $8.7M | $42.9M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0200% / S −0.0176% | 1h | 85,357.3 | −0.031% | $13.1M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0240% | 1h | 85,356 | −0.033% | $685K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0259% | 1h | 85,324.1 | −0.070% | $79K | $230K | 20x | as long as short |
Injective BTC/USDC PERP
BingX BTC-USDT
ApeX Omni BTCUSDT
Aevo BTC-PERP
Kraken Futures PF_XBTUSD
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Bybit BTCUSDT
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
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
SoDEX BTC-USD
HTX BTC-USDT
Bulk BTC-USD
Deribit BTC-PERPETUAL
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
Kalshi KXBTCPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD