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 +0.035%

Price spread now: Injective against KuCoin+1.269%55s7-day average −0.300% · you sell dearer than you buy

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

Long on KuCoin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.119%+$12 on $10k

Price spread, last 3 days (all we have)−1.843%−$184 · spread now +1.269%, 7d avg −0.300%

Together, before fees−1.724%−$172 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 1.568% dearer against KuCoin than usual: you sell high and buy low (spread +1.269% now, against its 7-day average of −0.300%): +$157 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3 months. Mind the row above: over the last 4 days funding on this pair paid +0.119%, so the current rate has only just turned against you. The two prices were read 55 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	KuCoin VETUSDTM	0.009065	0.0100	pay 0.0100% / 8h	6h 36m	$5.1M	$3.9M	50x
Short	Injective VET/USDC PERP	0.009180	0.0033	get 0.0004% / 1h	36m 15s	$7	$152K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against KuCoin. 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 KuCoinbpFee InjectivebpOrdersPrice spread, now +1.269%Rate

Funding earned: −$14
Price spread: +1.269% → −0.300%: $156.81
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $130.79
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 6 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 KuCoin live order book, 6 min ago	2.21 bp	47.2 bp −$47	130.9 bp −$1,309	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	0.009062	−0.033%	$7K	—	150x	as long as short
Injective VET/USDC PERPshort	+0.0033%	1h	0.009180	+1.269%	$7	$152K	12x
Binance VETUSDT	+0.0100%	8h	0.009064	−0.011%	$6.3M	$15.4M	75x	as long as short
Bybit VETUSDT	+0.0100%	8h	0.009056	−0.099%	$6.0M	$4.0M	75x	as long as short
Gate VET_USDT	+0.0100%	8h	0.009044	−0.232%	$499K	$218K	25x	as long as short
MEXC VET_USDT	+0.0100%	8h	0.009065	0.000%	$8.1M	$1.3M	125x	as long as short
KuCoin VETUSDTMlong	+0.0100%	8h	0.009065	long leg	$5.1M	$3.9M	50x
Bitget VETUSDT	+0.0100%	8h	0.009063	−0.022%	$4.9M	$2.0M	50x	as long as short
BingX VET-USDT	+0.0100%	8h	0.009061	−0.044%	—	$2.5M	—	as long as short
Variational Omni VET	+0.0100%	8h	0.009055	−0.109%	$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	+0.011%	$396K	$571K	75x	as long as short
Kraken Futures PF_VETUSD	+0.5796%	1h	0.009091	+0.282%	$130K	$119K	10x	as long as short