Funding you earn now, next payment 04:00 UTC−0.0564%/8h= −61.7% APRpaid last 24h −0.259%
Price spread now: Bybit against Paragon+0.099%7-day average +0.209% · you sell dearer than you buy
Net, funding: paid 7d − costs−$216as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1211.212% of the position
Funding, last 7 days−0.948%−$95 on $10k
+Price spread, last 4 days (all we have)−0.085%−$8 · spread now +0.099%, 7d avg +0.209%
=Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Bybit is 0.111% cheaper against Paragon than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.209%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paragon para:VST | 141.99 | 0.0564 | pay 0.0070% / 1h | 22m 24s | $2.3M | $685K | 10x |
| Short | Bybit VSTUSDT | 142.13 | 0 | get 0.0000% / 8h | 4h 22m | $374K | $113K | 25x |
Paragon para:VST
Bybit VSTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Paragon. 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
- −$118.36
- Price spread: +0.099% → +0.209%
- −$11.08
- Slippage, 4 orders
- −$100.2
- Fee Paragon: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$250.64
- Costs to cover
- 1.212%
- Break-even
- never at this rate
Slippage from Paragon: live order book, 4 min ago; Bybit: live order book, 27 min ago.
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, 4 min ago | 2.46 bp | 18.0 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 27 min ago | 4.57 bp | 11.4 bp −$11 | 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 | −0.0198% | 4h | 142.32 | +0.231% | $24K | $204K | 10x | as long as short |
| Bybit VSTUSDTshort | 0.0000% | 8h | 142.13 | +0.099% | $374K | $113K | 25x | |
| QFEX VST-USD | 0.0000% | 1h | 141.99 | 0.000% | $1.2M | $654K | 10x | as long as short |
| Gate VST_USDT | 0.0000% | 8h | 142.24 | +0.176% | $259K | $246K | 20x | as long as short |
| Bitget VSTUSDT | 0.0000% | 8h | 142.11 | +0.085% | $2.3M | $1.1M | 20x | as long as short |
| HTX VST-USDT | +0.0100% | 8h | 142.39 | +0.282% | $8K | $351K | 10x | as long as short |
| Binance VSTUSDT | +0.0143% | 8h | 142.35 | +0.254% | $1.5M | $836K | 20x | as long as short |
| Injective VST/USDC PERP | +0.0220% | 1h | 143.76 | +1.247% | $5K | $9K | 12x | as long as short |
| Paragon para:VSTlong | +0.0564% | 1h | 141.99 | long leg | $2.3M | $685K | 10x |
edgeX VSTUSDC
QFEX VST-USD
Gate VST_USDT
Bitget VSTUSDT
HTX VST-USDT
Binance VSTUSDT
Injective VST/USDC PERP