Funding arb · Price arb /

VET

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.026%

Price spread now: Injective against Bitget+1.202%61s7-day average −0.288% · you sell dearer than you buy

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

Long on Bitget Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.034%−$3 on $10k

Price spread, last 3 days (all we have)−1.696%−$170 · spread now +1.202%, 7d avg −0.288%

Together, before fees−1.730%−$173 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 1.489% dearer against Bitget than usual: you sell high and buy low (spread +1.202% now, against its 7-day average of −0.288%): +$149 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2 months. At the pace of the last 4 days (−0.034% in total) that is about 6 months. The two prices were read 61 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	Bitget VETUSDT	0.009071	0.0100	pay 0.0100% / 8h	6h 44m	$4.9M	$2.0M	50x
Short	Injective VET/USDC PERP	0.009180	0.0033	get 0.0004% / 1h	44m 24s	$7	$152K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now +1.202%Rate

Funding earned: −$14
Price spread: +1.202% → −0.288%: $148.94
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $122.92
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Bitget: live order book, 4 min ago; Injective: 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 Bitget live order book, 4 min ago	3.86 bp	26.2 bp −$26	53.9 bp −$539	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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.

VET on 12 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
gTrade (Gains Network) VET/USD	L −0.0003% / S +0.0006%	1h	0.009069	−0.024%	$7K	—	150x	as long as short
Injective VET/USDC PERPshort	+0.0033%	1h	0.009180	+1.202%	$7	$152K	12x
Binance VETUSDT	+0.0100%	8h	0.009070	−0.011%	$6.3M	$15.3M	75x	as long as short
Bybit VETUSDT	+0.0100%	8h	0.009062	−0.099%	$6.0M	$4.1M	75x	as long as short
Gate VET_USDT	+0.0100%	8h	0.009074	+0.033%	$501K	$218K	25x	as long as short
MEXC VET_USDT	+0.0100%	8h	0.009059	−0.132%	$8.1M	$1.3M	125x	as long as short
KuCoin VETUSDTM	+0.0100%	8h	0.009068	−0.033%	$5.1M	$3.9M	50x	as long as short
Bitget VETUSDTlong	+0.0100%	8h	0.009071	long leg	$4.9M	$2.0M	50x
BingX VET-USDT	+0.0100%	8h	0.009062	−0.099%	—	$2.5M	—	as long as short
Variational Omni VET	+0.0100%	8h	0.009048	−0.252%	$28K	$410	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin VET-USDT	+0.0220%	8h	0.009066	−0.055%	$396K	$571K	75x	as long as short
Kraken Futures PF_VETUSD	+0.5793%	1h	0.009094	+0.258%	$130K	$119K	10x	as long as short