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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: StandX against Vest−0.124%7-day average −0.012% · 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)+0.027%+$3 on $10k
Price spread, last 7 days+0.121%+$12 · spread now −0.124%, 7d avg −0.012%
Together, before fees+0.148%+ Points / potential airdropVest: Active · StandX: Active · farm board+$15 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: StandX is 0.111% cheaper against Vest than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.012%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest BTC-PERP85,590.70.0100pay 0.0013% / 1h19m 12s$10.7M50x
ShortStandX BTC-USD85,4850.0100get 0.0013% / 1h19m 12s$30.1M$205.2M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX 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: −0.124% → −0.012%
−$11.12
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee StandX: 4 bp × 2 orders
−$8
Net
−$21.12
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Vest: no order-book sample; StandX: live order book, 5 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 StandX live order book, 5 min ago0.82 bp5.0 bp −$56.0 bp −$607.5 bp −$7499.7 bp −$4,861
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 55 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−0.0082%1h85,504−0.101%$2.1M$10.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,531−0.070%$8K$3K50xas long as short
KuCoin XBTUSDTM−0.0040%8h85,502.8−0.103%$929.0M$774.9M125xas long as short
BloFin BTC-USDT−0.0025%8h85,504.7−0.101%$420.7M$682.8M150xas long as short
Aster BTCUSDT−0.0006%8h85,495.8−0.111%$513.5M$1.09B200xas long as short
01 Exchange BTCUSD0.0000%1h85,548.8−0.049%$353K$2.4M50xas long as short
Perpl BTC0.0000%43m85,515.7−0.088%$490K$18.4M6.7xas long as short
dYdX BTC-USD+0.0001%1h85,517.7−0.085%$16.8M$21.2M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,512.3−0.092%$36.6M200xas long as short
Nado BTC-PERP+0.0039%1h85,511.4−0.093%$24.3M$222.6M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex BTCUSDT+0.0056%1h85,528−0.073%$8.4M$56.5M100xas long as short
Injective BTC/USDC PERP+0.0057%1h85,247−0.402%$338K$26.8M52xas long as short
BingX BTC-USDT+0.0072%8h85,502−0.104%$1.57Bas long as short
Kraken Futures PF_XBTUSD+0.0089%1h85,518.5−0.084%$186.3M$960.0M100xas long as short
Bitget BTCUSDT+0.0091%8h85,501.3−0.104%$2.97B$5.18B150xas long as short
MEXC BTC_USDT+0.0095%8h85,502.2−0.103%$5.03B$5.77B500xas long as short
Binance BTCUSDT+0.0095%8h85,503.1−0.102%$9.43B$24.99B150xas long as short
Lighter BTC+0.0096%1h85,519−0.084%$170.3M$1.03B50xas long as short
Lighter RH BTC+0.0096%1h85,519.7−0.083%$23.6M$148.3M50xas long as short
Aevo BTC-PERP+0.0096%1h85,500.4−0.106%$2.4M$6.7M20xas long as short
Bybit BTCUSDT+0.0099%8h85,497.3−0.109%$5.15B$10.00B150xas long as short
Katana Perps BTC-USD+0.0100%8h85,517−0.086%$242K$8.7M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,586.2−0.005%$5.8M$9.6M50xas long as short
Hyperliquid BTC+0.0100%1h85,590−0.001%$3.75B$5.08B40xas long as short
Pacifica BTC+0.0100%1h85,557−0.039%$40.1M$603.8M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,502.6−0.103%$2.60B$12.27B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,516−0.087%$3.8M$17.1M25xas long as short
Arcus BTC-USD+0.0100%1h85,523.6−0.078%$5.2M$98.0M40xas long as short
Bulk BTC-USD+0.0100%1h85,499.5−0.107%$686.3M$379.3M40xas long as short
Gate BTC_USDT+0.0100%8h85,507.5−0.097%$5.57B$11.05B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,492.5−0.115%$37.3M$179.6M75xas long as short
Variational Omni BTC+0.0100%8h85,463.4−0.149%$155.5M$557.6Mas long as short
edgeX BTCUSDC+0.0100%4h85,436.9−0.180%$279.9M$951.7M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,445.2−0.170%$214.5M$164.2M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,499.2−0.107%$139.8M$313.4M100xas long as short
StandX BTC-USDshort+0.0100%1h85,485−0.124%$30.1M$205.2M40x
Vest BTC-PERPlong+0.0100%1h85,590.7long leg$10.7M50x
Polymarket Perps BTC-USD+0.0100%1h85,533−0.067%$11.0M$14.6M50xas long as short
Bullet BTC-USD+0.0100%1h85,519−0.084%$201K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,504.9−0.100%$2.6M$9.7M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,546−0.052%$194K$796K40xas long as short
SunX BTC-USDT+0.0100%8h85,500.4−0.106%$2.9M$6.1M100xas long as short
SoDEX BTC-USD+0.0100%1h85,503−0.103%$59.8M$336.8M40xas long as short
HTX BTC-USDT+0.0100%8h85,501.6−0.104%$2.26B$966.6M200xas long as short
Phemex BTCUSDT+0.0100%8h85,506.9−0.098%$154.0M$511.7M150xas long as short
Extended BTC-USD+0.0104%1h85,480.7−0.129%$44.9M$240.7M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,533.7−0.067%$105.6M500xas long as short
Coinbase International BTC-PERP-INTX+0.0104%1h85,541−0.058%$114.2M$5.50B50xas long as short
Deribit BTC-PERPETUAL+0.0113%1h85,547.9−0.050%$861.3M$1.63B50xas long as short
Reya BTCRUSDPERP+0.0131%1h85,517.7−0.085%$6.6M$147.7M40xas long as short
Kalshi KXBTCPERP+0.0184%8h85,542−0.057%$11.9M$742.2M6.4xas long as short
RISEx BTC/USDC+0.0193%1h85,537.6−0.062%$8.8M$42.7M25xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0200% / S −0.0176%1h85,522.2−0.080%$13.1M200xas long as short
Hibachi BTC/USDT-P+0.0224%1h85,559.9−0.036%$685K$7.8M30xas long as short
Aftermath Perps BTCUSD+0.0249%1h85,480.5−0.129%$79K$230K20xas long as short