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: Bitget against Paragon+0.014%7-day average +0.205% · you sell dearer than you buy

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

Long on Paragon Short on Bitget

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 against this trade now: funding costs −$23 a day on $10k at the current rate, and Bitget is 0.191% cheaper against Paragon than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.205%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paragon para:VST	141.35	0.0767	pay 0.0096% / 1h	47m 16s	$2.3M	$728K	10x
Short	Bitget VSTUSDT	141.37	0	get 0.0000% / 8h	7h 47m	$2.3M	$957K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice 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 Paragon: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$202.16
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Paragon: live order book, 10 min ago; Bitget: live order book, 5 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, 10 min ago	1.77 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	11.67 bp	42.3 bp −$42	67.3 bp −$673	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	−0.035%	$23K	$205K	10x	as long as short
Bybit VSTUSDT	0.0000%	8h	141.11	−0.170%	$383K	$128K	25x	as long as short
QFEX VST-USD	0.0000%	1h	141.10	−0.177%	$1.2M	$683K	10x	as long as short
Gate VST_USDT	0.0000%	8h	141.26	−0.064%	$256K	$255K	20x	as long as short
Bitget VSTUSDTshort	0.0000%	8h	141.37	+0.014%	$2.3M	$957K	20x
HTX VST-USDT	+0.0100%	8h	141.46	+0.078%	$8K	$354K	10x	as long as short
Binance VSTUSDT	+0.0187%	8h	141.33	−0.016%	$1.5M	$935K	20x	as long as short
Injective VST/USDC PERP	+0.0220%	1h	143.04	+1.196%	$5K	$307	12x	as long as short
Paragon para:VSTlong	+0.0767%	1h	141.35	long leg	$2.3M	$728K	10x