Funding arb · Price arb /

COST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h −0.042%

Price spread now: Vest against Binance−0.057%47s7-day average — · you buy dearer than you sell

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

Long on Binance Short on Vest

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

Funding pays, the price is against you. Vest is 0.057% cheaper against Binance than usual: you would sell low and buy high (spread −0.057% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 4.2 days of funding at the current rate (+$1 a day). 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	Binance COSTUSDT	899.22	0	get 0.0000% / 8h	4h 16m	$1.1M	$933K	20x
Short	Vest COST-USD-PERP	898.71	0.0046	get 0.0006% / 1h	16m 38s	—	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Binance. 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 BinancebpFee VestbpOrdersPrice spread, now −0.057%Rate

Funding earned: $9.59
Price spread: −0.057% → 0.000%: −$5.69
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Vest: 1 bp × 2 orders: −$2
Net: −$8.1
Costs to cover: 0.120%
Break-even: 12.9 days

Slippage unknown: Binance: live order book, 1 min ago; Vest: 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 Binance live order book, 1 min ago	1.56 bp	14.2 bp −$14	53.9 bp −$539	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

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.

COST on 15 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 COSTUSDT	0.0000%	8h	898.94	−0.031%	$45K	$178	20x	as long as short
Binance COSTUSDTlong	0.0000%	8h	899.22	long leg	$1.1M	$933K	20x
Bybit COSTUSDT	0.0000%	8h	898.93	−0.032%	$490K	$219K	25x	as long as short
Gate COST_USDT	0.0000%	8h	899.08	−0.016%	$520K	$7K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	899.21	−0.001%	$403K	$77K	25x	as long as short
Variational Omni COST	0.0000%	8h	898.96	−0.029%	$41K	$17K	—	as long as short
SunX COST-USDT	0.0000%	8h	898.40	−0.091%	$1K	$2.9M	10x	as long as short
HTX COST-USDT	0.0000%	8h	900.25	+0.114%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0004%	1h	899.00	−0.025%	$1.1M	$2.6M	10x	as long as short
OKX COST-USDT-SWAP	+0.0018%	8h	899.67	+0.050%	$443K	$112K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.805%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.108%	—	—	10x	as long as short
Vest COST-USD-PERPshort	+0.0046%	1h	898.71	−0.057%	—	—	25x
tradeXYZ xyz:COST	+0.0050%	1h	898.71	−0.057%	$1.8M	$518K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	898.60	−0.069%	$47K	$881K	20x	as long as short