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

BTC

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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 +0.001%
Price spread now: Polymarket Perps against Vest−0.035%7-day average −0.017% · you buy dearer than you sell
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)+0.037%+$4 on $10k
Price spread, last 7 days+0.039%+$4 · spread now −0.035%, 7d avg −0.017%
Together, before fees+0.076%+ Points / potential airdropVest: Active · farm board+$8 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest BTC-PERP86,490.40.0100pay 0.0013% / 1h18m 38s$11.9M50x
ShortPolymarket Perps BTC-USD86,4600.0100get 0.0013% / 1h18m 38s$11.1M$13.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Vest. 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: −0.035% → −0.017%
−$1.86
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$11.86
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Vest: no order-book sample; Polymarket Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy Vest no order-book sample
Sell Polymarket Perps live order book, 6 min ago0.06 bp4.1 bp −$44.2 bp −$426.2 bp −$624doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix BTC−0.0118%1h86,367−0.143%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,465−0.029%$9K$3K50xas long as short
Injective BTC/USDC PERP−0.0035%1h86,345−0.168%$332K$26.9M52xas long as short
RISEx BTC/USDC−0.0024%1h86,497.8+0.009%$8.3M$42.7M25xas long as short
01 Exchange BTCUSD−0.0016%1h86,484.6−0.007%$359K$2.5M50xas long as short
Perpl BTC0.0000%43m86,446.2−0.051%$411K$22.7M6.7xas long as short
Aster BTCUSDT+0.0003%8h86,485.4−0.006%$501.7M$1.15B200xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,481.2−0.011%$36.8M200xas long as short
KuCoin XBTUSDTM+0.0017%8h86,461−0.034%$853.5M$716.2M125xas long as short
Reya BTCRUSDPERP+0.0033%1h86,460.3−0.035%$6.7M$145.5M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDT+0.0042%8h86,489.8−0.001%$1.59Bas long as short
Phemex BTCUSDT+0.0052%8h86,461.8−0.033%$150.3M$478.6M150xas long as short
Bitget BTCUSDT+0.0053%8h86,489.8−0.001%$2.96B$5.13B150xas long as short
dYdX BTC-USD+0.0063%1h86,455.1−0.041%$16.9M$21.2M50xas long as short
MEXC BTC_USDT+0.0069%8h86,470.5−0.023%$5.16B$5.68B500xas long as short
Binance BTCUSDT+0.0071%8h86,487−0.004%$9.43B$24.56B150xas long as short
Aevo BTC-PERP+0.0072%1h86,457.3−0.038%$2.4M$1.3M20xas long as short
Gate BTC_USDT+0.0080%8h86,486.8−0.004%$5.86B$10.79B200xas long as short
Lighter BTC+0.0096%1h86,466.1−0.028%$170.2M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h86,487.3−0.004%$23.9M$152.6M50xas long as short
Popdex BTCUSDT+0.0096%1h86,487−0.004%$8.5M$52.4M100xas long as short
Bybit BTCUSDT+0.0097%8h86,478.3−0.014%$5.26B$9.80B150xas long as short
SoDEX BTC-USD+0.0099%1h86,465−0.029%$60.5M$338.2M40xas long as short
Katana Perps BTC-USD+0.0100%8h86,466−0.028%$202K$7.1M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,523.4+0.038%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,410.7−0.092%$21.8M$234.4M50xas long as short
Hyperliquid BTC+0.0100%1h86,534+0.050%$3.79B$5.11B40xas long as short
Pacifica BTC+0.0100%1h86,497.3+0.008%$41.1M$535.5M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,496.8+0.007%$2.55B$12.74B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,476−0.017%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,518.8+0.033%$7.4M$95.5M40xas long as short
Bulk BTC-USD+0.0100%1h86,449−0.048%$572.1M$12.5M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,463.3−0.031%$38.0M$157.4M75xas long as short
Variational Omni BTC+0.0100%8h86,376.4−0.132%$157.0M$568.3Mas long as short
edgeX BTCUSDC+0.0100%4h86,328.2−0.187%$278.8M$946.3M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,354.3−0.157%$216.8M$171.7M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,355.9−0.155%$141.2M$323.0M100xas long as short
StandX BTC-USD+0.0100%1h86,411−0.092%$30.7M$205.4M40xas long as short
Vest BTC-PERPlong+0.0100%1h86,490.4long leg$11.9M50x
Polymarket Perps BTC-USDshort+0.0100%1h86,460−0.035%$11.1M$13.9M50x
Bullet BTC-USD+0.0100%1h86,462−0.033%$189K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,459−0.036%$2.4M$9.4M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,498.6+0.010%$140K$663K40xas long as short
Derive BTC-PERP+0.0100%1h86,493.7+0.004%$30.5M$62.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,402.3−0.102%$3.4M$5.3M100xas long as short
HTX BTC-USDT+0.0100%8h86,436.5−0.062%$2.29B$968.3M200xas long as short
Extended BTC-USD+0.0104%1h86,473−0.020%$45.5M$227.4M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,418.6−0.083%$99.1M500xas long as short
Deribit BTC-PERPETUAL+0.0106%1h86,506.1+0.018%$913.7M$1.48B50xas long as short
Kraken Futures PF_XBTUSD+0.0110%1h86,497.9+0.009%$191.9M$953.4M100xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,509.5+0.022%$132.3M$5.65B50xas long as short
Aftermath Perps BTCUSD+0.0154%1h86,441.8−0.056%$78K$219K20xas long as short
Hibachi BTC/USDT-P+0.0176%1h86,433.7−0.066%$728K$8.0M30xas long as short
BloFin BTC-USDT+0.0190%8h86,444.8−0.053%$416.1M$658.6M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0197% / S −0.0220%1h86,476.3−0.016%$15.0M200xas long as short
Kalshi KXBTCPERP+0.0206%8h86,457−0.039%$9.9M$749.0M6.4xas long as short