Funding you earn now, next payment 03:00 UTC+0.0082%/8h= +8.9% APRpaid last 24h +0.001%
Price spread now: Bybit against Vest+0.243%47s7-day average −0.119% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.026%+$3 on $10k
+Price spread, last 4 days (all we have)−0.197%−$20 · spread now +0.243%, 7d avg −0.119%
=Together, before fees−0.172%+ Points / potential airdropVest: Active · farm board−$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 0.362% dearer against Vest than usual: you sell high and buy low: +$36 more if the spread goes back to its 7-day average of −0.119%. The two prices were read 47 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 | Vest COIN-USD-PERP | 197.17 | −0.0082 | get 0.0010% / 1h | 58m 51s | — | $284K | 25x |
| Short | Bybit COINUSDT | 197.65 | 0 | get 0.0000% / 8h | 5h 58m | $4.9M | $5.9M | 50x |
Vest COIN-USD-PERP
Bybit COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Vest. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $17.14
- Price spread: +0.243% → −0.119%
- $36.25
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $40.39
- Costs to cover
- 0.130%
- Break-even
- from the start
Slippage unknown: Vest: no order-book sample; Bybit: live order book, 4 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 Bybit live order book, 4 min ago | 1.26 bp | 10.3 bp −$10 | 36.5 bp −$365 | 163.2 bp −$16.3K | 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.
COIN on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0663% | 8h | 197.78 | +0.309% | $6.3M | $10.2M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.58 | +0.208% | $44K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0123% | 8h | 197.64 | +0.238% | $1.2M | $6.9M | 50x | as long as short |
| Vest COIN-USD-PERPlong | −0.0082% | 1h | 197.17 | long leg | — | $284K | 25x | |
| Aster COINUSDT | 0.0000% | 8h | 197.76 | +0.301% | $349K | $877K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.63 | +0.233% | $119K | $697K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.64 | +0.238% | $15.1M | $78.3M | 20x | as long as short |
| Bybit COINUSDTshort | 0.0000% | 8h | 197.65 | +0.243% | $4.9M | $5.9M | 50x | |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.70 | +0.269% | $3.1M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.64 | +0.239% | $818K | $906K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COINShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 197.96 | +0.399% | $20K | $2.1M | 10x | as long as short |
| QFEX COIN-USD | +0.0028% | 1h | 197.63 | +0.233% | $1.3M | $3.6M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.57 | +0.203% | $449K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.84 | +0.340% | $16K | $53K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.53 | +0.183% | $15.8M | $13.3M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.53 | +0.183% | $125K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.59 | +0.213% | $92 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.59 | +0.213% | $354K | $3.0M | 10x | as long as short |
| Lighter COIN | +0.0080% | 1h | 197.60 | +0.220% | $367K | $2.0M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.62 | +0.228% | $995K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.56 | +0.198% | $89K | $286K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.62 | +0.228% | $572 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.60 | +0.217% | $117 | — | 10x | as long as short |
| Phoenix COIN | +0.0160% | 1h | 197.86 | +0.350% | $5K | $250K | 10x | as long as short |
| edgeX COINUSDC | +0.0833% | 4h | 197.77 | +0.305% | $51K | $296K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter RH COIN
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
Lighter COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Phoenix COIN
edgeX COINUSDC