Funding arb · Price arb /

VST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0767%/8h= +84.0% APRpaid last 24h +0.235%

Price spread now: Paragon against Bitget−0.014%7-day average −0.205% · you buy dearer than you sell

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

Long on Bitget Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 7 days+0.914%+$91 on $10k

Price spread, last 7 days+0.152%+$15 · spread now −0.014%, 7d avg −0.205%

Together, before fees+1.066%+$107 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Paragon is 0.191% dearer against Bitget than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.205%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget VSTUSDT	141.37	0	get 0.0000% / 8h	7h 47m	$2.3M	$957K	20x
Short	Paragon para:VST	141.35	0.0767	get 0.0096% / 1h	47m 03s	$2.3M	$728K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against Bitget. 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 BitgetbpFee ParagonbpOrdersPrice spread, now −0.014%Rate

Funding earned: $161.04
Price spread: −0.014% → −0.205%: $19.12
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Paragon: 5 bp × 2 orders: −$10
Net: $158.16
Costs to cover: 0.220%
Break-even: 0.1 days

Slippage unknown: Bitget: live order book, 5 min ago; Paragon: live order book, 10 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 Bitget live order book, 5 min ago	11.67 bp	37.1 bp −$37	61.1 bp −$611	doesn't fit	doesn't fit
Sell Paragon live order book, 10 min ago	1.77 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

VST on 9 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
edgeX VSTUSDC	−0.0840%	4h	141.30	−0.049%	$23K	$205K	10x	as long as short
Bybit VSTUSDT	0.0000%	8h	141.11	−0.184%	$383K	$128K	25x	as long as short
QFEX VST-USD	0.0000%	1h	141.10	−0.191%	$1.2M	$683K	10x	as long as short
Gate VST_USDT	0.0000%	8h	141.26	−0.078%	$256K	$255K	20x	as long as short
Bitget VSTUSDTlong	0.0000%	8h	141.37	long leg	$2.3M	$957K	20x
HTX VST-USDT	+0.0100%	8h	141.46	+0.064%	$8K	$354K	10x	as long as short
Binance VSTUSDT	+0.0187%	8h	141.32	−0.032%	$1.5M	$935K	20x	as long as short
Injective VST/USDC PERP	+0.0220%	1h	143.04	+1.181%	$5K	$307	12x	as long as short
Paragon para:VSTshort	+0.0767%	1h	141.35	−0.014%	$2.3M	$728K	10x