Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%
Price spread now: Variational Omni against Vest+0.018%7-day average −0.014% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.029%+$3 on $10k
+Price spread, last 7 days−0.042%−$4 · spread now +0.018%, 7d avg −0.014%
=Together, before fees−0.013%+ Points / potential airdropVest: Active · Variational Omni: Active · farm board−$1 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: Variational Omni is 0.031% dearer against Vest than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.014%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest BTC-PERP | 86,390.7 | 0.0100 | pay 0.0013% / 1h | 23m 14s | — | $11.9M | 50x |
| Short | Variational Omni BTC | 86,405.8 | 0.0100 | get 0.0100% / 8h | 23m 14s | $157.3M | $568.1M | — |
Vest BTC-PERP
Variational Omni BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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: +0.018% → −0.014%
- $3.15
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $1.15
- Costs to cover
- 0.020%
- Break-even
- from the start
Slippage unknown: Vest: no order-book sample; Variational Omni: RFQ quote, 1 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 Variational Omni RFQ quote, 1 min ago | 0.50 bp | doesn't fit | 0.5 bp −$5 | 3.1 bp −$311 | 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 | −0.0118% | 1h | 86,430 | +0.046% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,330 | −0.070% | $9K | $3K | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0035% | 1h | 86,345 | −0.053% | $332K | $26.9M | 52x | as long as short |
| RISEx BTC/USDC | −0.0024% | 1h | 86,347.8 | −0.050% | $8.3M | $42.8M | 25x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 86,344.4 | −0.054% | $358K | $2.5M | 50x | as long as short |
| Aster BTCUSDT | −0.0001% | 8h | 86,367.2 | −0.027% | $501.1M | $1.15B | 200x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,361.4 | −0.034% | $414K | $22.9M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,376.4 | −0.017% | $36.8M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0017% | 8h | 86,341.5 | −0.057% | $849.2M | $715.7M | 125x | as long as short |
| Reya BTCRUSDPERP | +0.0032% | 1h | 86,350.5 | −0.046% | $6.7M | $145.5M | 40x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
Injective BTC/USDC PERP
RISEx BTC/USDC
01 Exchange BTCUSD
Aster BTCUSDT
Perpl BTC
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
Reya BTCRUSDPERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0042% | 8h | 86,361.8 | −0.033% | — | $1.59B | — | as long as short |
| Bitget BTCUSDT | +0.0052% | 8h | 86,364.3 | −0.031% | $2.96B | $5.13B | 150x | as long as short |
| Phemex BTCUSDT | +0.0054% | 8h | 86,375.2 | −0.018% | $150.3M | $478.5M | 150x | as long as short |
| dYdX BTC-USD | +0.0060% | 1h | 86,355.1 | −0.041% | $16.9M | $21.2M | 50x | as long as short |
| Binance BTCUSDT | +0.0069% | 8h | 86,365.2 | −0.029% | $9.42B | $24.59B | 150x | as long as short |
| MEXC BTC_USDT | +0.0069% | 8h | 86,348.7 | −0.049% | $5.16B | $5.67B | 500x | as long as short |
| Aevo BTC-PERP | +0.0072% | 1h | 86,358.4 | −0.037% | $2.4M | $1.3M | 20x | as long as short |
| Deribit BTC-PERPETUAL | +0.0072% | 1h | 86,409.2 | +0.021% | $914.2M | $1.48B | 50x | as long as short |
| Gate BTC_USDT | +0.0080% | 8h | 86,361.4 | −0.034% | $5.85B | $10.78B | 200x | as long as short |
| SoDEX BTC-USD | +0.0087% | 1h | 86,365 | −0.030% | $60.3M | $338.0M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,379.1 | −0.013% | $170.2M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,387.2 | −0.004% | $23.9M | $152.4M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,332 | −0.068% | $8.4M | $52.4M | 100x | as long as short |
| Bybit BTCUSDT | +0.0097% | 8h | 86,369 | −0.025% | $5.26B | $9.81B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,320 | −0.082% | $199K | $7.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,378.8 | −0.014% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,348.3 | −0.049% | $21.9M | $234.5M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,418 | +0.032% | $3.79B | $5.10B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,386.5 | −0.005% | $41.0M | $529.8M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,375.1 | −0.018% | $2.55B | $12.73B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,346 | −0.052% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,380.4 | −0.012% | $7.5M | $95.3M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,330 | −0.070% | $38.0M | $156.2M | 75x | as long as short |
| Variational Omni BTCshort | +0.0100% | 8h | 86,405.8 | +0.018% | $157.3M | $568.1M | — | |
| edgeX BTCUSDC | +0.0100% | 4h | 86,374.1 | −0.019% | $279.0M | $945.8M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,418.1 | +0.032% | $217.0M | $171.6M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,375.3 | −0.018% | $141.3M | $323.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,402.1 | +0.013% | $30.6M | $205.2M | 40x | as long as short |
| Vest BTC-PERPlong | +0.0100% | 1h | 86,390.7 | long leg | — | $11.9M | 50x | |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,351 | −0.046% | $11.1M | $13.9M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,359 | −0.037% | $189K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,361 | −0.034% | $2.4M | $9.4M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,396.7 | +0.007% | $140K | $664K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,401.3 | +0.012% | $30.5M | $62.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,321.1 | −0.081% | $3.4M | $5.4M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,352.6 | −0.044% | $2.29B | $969.7M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,464.9 | +0.086% | $572.1M | $16.9M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,348.5 | −0.049% | $45.5M | $227.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,355.4 | −0.041% | — | $99.0M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0110% | 1h | 86,399.5 | +0.010% | $191.7M | $955.4M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,417 | +0.030% | $132.3M | $5.65B | 50x | as long as short |
| Aftermath Perps BTCUSD | +0.0152% | 1h | 86,442.9 | +0.060% | $78K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0184% | 1h | 86,386.3 | −0.005% | $727K | $8.0M | 30x | as long as short |
| BloFin BTC-USDT | +0.0189% | 8h | 86,365.3 | −0.029% | $416.7M | $657.9M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0196% / S −0.0219% | 1h | 86,368.4 | −0.026% | $15.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0206% | 8h | 86,377 | −0.016% | $9.7M | $749.3M | 6.4x | as long as short |
BingX BTC-USDT
Bitget BTCUSDT
Phemex BTCUSDT
dYdX BTC-USD
Binance BTCUSDT
MEXC BTC_USDT
Aevo BTC-PERP
Deribit BTC-PERPETUAL
Gate BTC_USDT
SoDEX BTC-USD
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Bybit BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Backpack BTC_USDC_PERP
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Coinbase International BTC-PERP-INTX
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP