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 −0.034%

Price spread now: MEXC against Injective−1.601%7-day average +0.085% · you buy dearer than you sell

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

Long on Injective Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 4 days (all we have)+2.062%+$206 · spread now −1.601%, 7d avg +0.085%

Together, before fees+2.114%+$211 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 1.687% cheaper against Injective than usual: you would sell low and buy high (spread −1.601% now, against its 7-day average of +0.085%). If the spread goes back, that is −$169 on $10k: about 3 months of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.052% in total) that is about 7 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective VET/USDC PERP	0.009180	0.0033	pay 0.0004% / 1h	40m 27s	$7	$152K	12x
Short	MEXC VET_USDT	0.009033	0.0100	get 0.0100% / 8h	40m 27s	$8.2M	$1.3M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Injective. 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 InjectivebpFee MEXCbpOrdersPrice spread, now −1.601%Rate

Funding earned: $14
Price spread: −1.601% → +0.085%: −$168.67
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$158.69
Costs to cover: 0.040%
Break-even: 86.3 days

Slippage unknown: Injective: no order-book sample; MEXC: live order book, 2 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 Injective no order-book sample	—	—	—	—	—
Sell MEXC live order book, 2 min ago	2.21 bp	14.3 bp −$14	36.4 bp −$364	56.5 bp −$5,650	158.6 bp −$79.3K

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	−0.0318%	1h	0.009060	−1.311%	$122K	$136K	10x	as long as short
gTrade (Gains Network) VET/USD	L 0.0000% / S +0.0006%	1h	0.009047	−1.452%	$19K	—	150x	as long as short
Injective VET/USDC PERPlong	+0.0033%	1h	0.009180	long leg	$7	$152K	12x
Binance VETUSDT	+0.0100%	8h	0.009021	−1.734%	$6.2M	$14.8M	75x	as long as short
Bybit VETUSDT	+0.0100%	8h	0.009014	−1.808%	$5.9M	$4.2M	75x	as long as short
Gate VET_USDT	+0.0100%	8h	0.009035	−1.580%	$485K	$221K	25x	as long as short
MEXC VET_USDTshort	+0.0100%	8h	0.009033	−1.601%	$8.2M	$1.3M	125x
KuCoin VETUSDTM	+0.0100%	8h	0.009039	−1.536%	$4.9M	$4.1M	50x	as long as short
Bitget VETUSDT	+0.0100%	8h	0.009025	−1.688%	$4.8M	$1.9M	50x	as long as short
BingX VET-USDT	+0.0100%	8h	0.009029	−1.645%	—	$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	0.009038	−1.550%	$27K	$332	—	as long as short
BloFin VET-USDT	+0.0220%	8h	0.009047	−1.449%	$395K	$481K	75x	as long as short