Funding arb · Price arb /

VET

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0106%/8h= −11.6% APRpaid last 24h −0.032%

Price spread now: gTrade (Gains Network) against Bybit+0.112%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.112% dearer against Bybit than usual: you sell high and buy low (spread +0.112% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit VETUSDT	0.009249	0.0100	pay 0.0100% / 8h	1h 27m	$6.1M	$3.9M	75x
Short	gTrade (Gains Network) VET/USD	0.009259	L −0.0001% / S +0.0006%	pay 0.0001% / 1h	27m 43s	$4K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bybit. 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

Position, each leg$Hold fordaysFee BybitbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.112%Rate

Funding earned: −$22.29
Price spread: +0.112% → 0.000%: $11.17
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$32.12
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 5 min ago; gTrade (Gains Network): no order-book sample. 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 Bybit live order book, 5 min ago	2.17 bp	39.6 bp −$40	86.0 bp −$860	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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.

VET on 12 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
Kraken Futures PF_VETUSD	−0.0871%	1h	0.009259	+0.104%	$130K	$97K	10x	as long as short
Injective VET/USDC PERP	−0.0470%	1h	0.009180	−0.746%	$7	$152K	12x	as long as short
gTrade (Gains Network) VET/USDshort	L −0.0001% / S +0.0006%	1h	0.009259	+0.112%	$4K	—	150x
Binance VETUSDT	+0.0100%	8h	0.009250	+0.012%	$6.5M	$14.9M	75x	as long as short
Bybit VETUSDTlong	+0.0100%	8h	0.009249	long leg	$6.1M	$3.9M	75x
Gate VET_USDT	+0.0100%	8h	0.009243	−0.065%	$513K	$213K	25x	as long as short
MEXC VET_USDT	+0.0100%	8h	0.009249	0.000%	$8.2M	$1.2M	125x	as long as short
KuCoin VETUSDTM	+0.0100%	8h	0.009249	0.000%	$5.4M	$3.9M	50x	as long as short
Bitget VETUSDT	+0.0100%	8h	0.009246	−0.032%	$5.0M	$1.8M	50x	as long as short
BingX VET-USDT	+0.0100%	8h	0.009248	−0.011%	—	$2.5M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni VET	+0.0100%	8h	0.009226	−0.245%	$28K	$668	—	as long as short
BloFin VET-USDT	+0.0220%	8h	0.009235	−0.151%	$403K	$523K	75x	as long as short