Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h +0.011%

Price spread now: Binance against Vest+0.195%7-day average — · you sell dearer than you buy

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

Long on Vest Short on Binance

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—+ Points / potential airdropVest: Active · farm boardneeds both histories

The price spread pays, funding is against you. Binance is 0.195% dearer against Vest than usual: you sell high and buy low (spread +0.195% now, against zero (this spread has no 7-day history yet)): +$19 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest BE-USD-PERP	273.00	0.0046	pay 0.0006% / 1h	29m 07s	—	—	10x
Short	Binance BEUSDT	273.53	0	get 0.0000% / 8h	1h 29m	$8.5M	$37.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Vest. 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 VestbpFee BinancebpOrdersPrice spread, now +0.195%Rate

Funding earned: −$9.59
Price spread: +0.195% → 0.000%: $19.48
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Binance: 5 bp × 2 orders: −$10
Net: −$2.12
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Binance: live order book, 13 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 Binance live order book, 13 min ago	0.18 bp	9.3 bp −$9	29.1 bp −$291	92.7 bp −$9,270	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.

BE on 21 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
Aster BEUSDT	0.0000%	8h	273.26	+0.095%	$344K	$117K	20x	as long as short
Extended BE-USD	0.0000%	1h	273.46	+0.167%	$46K	$270K	10x	as long as short
Binance BEUSDTshort	0.0000%	8h	273.53	+0.195%	$8.5M	$37.4M	25x
Bybit BEUSDT	0.0000%	8h	273.37	+0.136%	$2.0M	$1.2M	25x	as long as short
Gate BE_USDT	0.0000%	8h	273.20	+0.073%	$1.5M	$3.7M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	273.35	+0.128%	$1.7M	$2.7M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	273.24	+0.088%	$7K	$191K	10x	as long as short
SunX BE-USDT	0.0000%	8h	273.27	+0.099%	$1K	$2.6M	10x	as long as short
HTX BE-USDT	0.0000%	8h	273.40	+0.147%	$13K	$33K	20x	as long as short
Lighter BE	+0.0032%	1h	273.12	+0.044%	—	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH BE	+0.0032%	1h	273.39	+0.143%	$249K	$424K	10x	as long as short
QFEX BE-USD	+0.0035%	1h	273.29	+0.106%	$1.3M	$3.8M	10x	as long as short
Arcus BE-USD	+0.0040%	1h	273.11	+0.040%	$114K	$134K	10x	as long as short
Vest BE-USD-PERPlong	+0.0046%	1h	273.00	long leg	—	—	10x
Coinbase International BE-PERP-INTX	+0.0064%	1h	272.24	−0.278%	$467K	$121K	10x	as long as short
OKX BE-USDT-SWAP	+0.0072%	8h	273.50	+0.183%	$2.6M	$6.8M	25x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	273.02	+0.007%	$369K	$23K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	273.45	+0.164%	—	—	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	273.42	+0.154%	$45K	$141K	20x	as long as short
tradeXYZ xyz:BE	+0.0170%	1h	273.27	+0.099%	$5.9M	$2.9M	10x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0885%	1h	273.46	+0.168%	$6K	$4K	10x	as long as short