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Funding arb · Price arb /

VET

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Alert: funding
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 05:00 UTC−0.5404%/8h= −591.7% APRpaid last 24h −0.179%
Price spread now: Bybit against Kraken Futures−0.213%7-day average −0.350% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Kraken FuturesShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days−0.859%−$86 on $10k
Price spread, last 4 days (all we have)+0.058%+$6 · spread now −0.213%, 7d avg −0.350%
Together, before fees−0.801%−$80 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.137% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.213% now, against its 7-day average of −0.350%): +$14 on $10k if it goes back. Holding the pair costs −$162 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.859% in total) that is about 27 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.859% in total (about -44.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_VETUSD0.0090090.5504pay 0.0688% / 1h51m 44s$125K$129K10x
ShortBybit VETUSDT0.0089900.0100get 0.0100% / 8h3h 51m$6.0M$4.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Kraken Futures. 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
−$1,134.77
Price spread: −0.213% → −0.350%
$13.7
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$1,142.07
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: Kraken Futures: live order book, 1 min ago; Bybit: live order book, 1 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 Kraken Futures live order book, 1 min ago13.32 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 1 min ago2.78 bp40.6 bp −$4153.6 bp −$536doesn't fitdoesn't fit

VET on 12 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
gTrade (Gains Network) VET/USDL −0.0001% / S +0.0006%1h0.009006−0.036%$4K—150xas long as short
Injective VET/USDC PERP+0.0033%1h0.009180+1.896%$7$152K12xas long as short
Binance VETUSDT+0.0100%8h0.009000−0.100%$6.2M$14.7M75xas long as short
Bybit VETUSDTshort+0.0100%8h0.008990−0.213%$6.0M$4.0M75x
Gate VET_USDT+0.0100%8h0.008995−0.158%$483K$208K25xas long as short
MEXC VET_USDT+0.0100%8h0.009005−0.047%$8.1M$1.3M125xas long as short
KuCoin VETUSDTM+0.0100%8h0.009009−0.002%$4.9M$3.9M50xas long as short
Bitget VETUSDT+0.0100%8h0.009002−0.080%$4.8M$1.9M50xas long as short
BingX VET-USDT+0.0100%8h0.009000−0.102%—$2.5M—as long as short
Variational Omni VET+0.0100%8h0.008967−0.469%$27K$392—as long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin VET-USDT+0.0220%8h0.009005−0.047%$390K$474K75xas long as short
Kraken Futures PF_VETUSDlong+0.5504%1h0.009009long leg$125K$129K10x