Funding arb · Price arb /

VST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.176%

Price spread now: Binance against Paragon+0.064%7-day average +0.221% · you sell dearer than you buy

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

Long on Paragon Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−1.045%−$105 on $10k

Price spread, last 7 days−0.178%−$18 · spread now +0.064%, 7d avg +0.221%

Together, before fees−1.223%−$122 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.157% cheaper against Paragon than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.221%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paragon para:VST	141.37	0.0060	pay 0.0008% / 1h	57m 15s	$2.3M	$702K	10x
Short	Binance VSTUSDT	141.46	0	get 0.0000% / 8h	5h 57m	$1.5M	$841K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Paragon. 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 ParagonbpFee BinancebpOrdersPrice spread, now +0.064%Rate

Funding earned: −$12.6
Price spread: +0.064% → +0.221%: −$15.71
Slippage, 4 orders: no order book: not counted
Fee Paragon: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$48.31
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Paragon: live order book, 3 min ago; Binance: live order book, 14 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 Paragon live order book, 3 min ago	1.06 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	4.24 bp	27.2 bp −$27	80.5 bp −$805	doesn't fit	doesn't fit

VST on 9 exchanges

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	−0.0934%	4h	141.38	+0.008%	$23K	$205K	10x	as long as short
Binance VSTUSDTshort	0.0000%	8h	141.46	+0.064%	$1.5M	$841K	20x
Bybit VSTUSDT	0.0000%	8h	141.30	−0.050%	$386K	$117K	25x	as long as short
QFEX VST-USD	0.0000%	1h	141.51	+0.099%	$1.2M	$711K	10x	as long as short
Gate VST_USDT	0.0000%	8h	141.38	+0.007%	$255K	$256K	20x	as long as short
Bitget VSTUSDT	0.0000%	8h	141.45	+0.057%	$2.3M	$697K	20x	as long as short
Injective VST/USDC PERP	+0.0033%	1h	143.04	+1.181%	$5K	$277	12x	as long as short
Paragon para:VSTlong	+0.0060%	1h	141.37	long leg	$2.3M	$702K	10x
HTX VST-USDT	+0.0100%	8h	141.48	+0.078%	$8K	$353K	10x	as long as short