Funding arb · Price arb /

VET

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.026%

Price spread now: Injective against Bybit+1.291%108s7-day average −0.017% · you sell dearer than you buy

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

Long on Bybit Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.111%−$11 on $10k

Price spread, last 4 days (all we have)−1.652%−$165 · spread now +1.291%, 7d avg −0.017%

Together, before fees−1.764%−$176 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 1.308% dearer against Bybit than usual: you sell high and buy low (spread +1.291% now, against its 7-day average of −0.017%): +$131 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2 months. The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit VETUSDT	0.009063	0.0100	pay 0.0100% / 8h	7h 59m	$6.0M	$4.2M	75x
Short	Injective VET/USDC PERP	0.009180	0.0033	get 0.0004% / 1h	59m 29s	$7	$152K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now +1.291%Rate

Funding earned: −$14
Price spread: +1.291% → −0.017%: $130.78
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $105.76
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Bybit: live order book, 3 min ago; Injective: 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, 3 min ago	3.86 bp	52.4 bp −$52	88.2 bp −$882	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0317%	1h	0.009084	+0.231%	$122K	$134K	10x	as long as short
gTrade (Gains Network) VET/USD	L 0.0000% / S +0.0006%	1h	0.009082	+0.212%	$19K	—	150x	as long as short
Injective VET/USDC PERPshort	+0.0033%	1h	0.009180	+1.291%	$7	$152K	12x
Binance VETUSDT	+0.0100%	8h	0.009068	+0.056%	$6.2M	$14.9M	75x	as long as short
Bybit VETUSDTlong	+0.0100%	8h	0.009063	long leg	$6.0M	$4.2M	75x
Gate VET_USDT	+0.0100%	8h	0.009075	+0.132%	$486K	$189K	25x	as long as short
MEXC VET_USDT	+0.0100%	8h	0.009065	+0.022%	$8.3M	$1.3M	125x	as long as short
KuCoin VETUSDTM	+0.0100%	8h	0.009076	+0.143%	$4.9M	$4.1M	50x	as long as short
Bitget VETUSDT	+0.0100%	8h	0.009077	+0.154%	$4.9M	$1.9M	50x	as long as short
BingX VET-USDT	+0.0100%	8h	0.009068	+0.055%	—	$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	0.009058	−0.052%	$27K	$332	—	as long as short
BloFin VET-USDT	+0.0220%	8h	0.009068	+0.055%	$398K	$470K	75x	as long as short