Funding arb · Price arb /

VET

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.034%

Price spread now: Injective against MEXC+2.045%85s7-day average −0.158% · you sell dearer than you buy

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

Long on MEXC Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.115%−$12 on $10k

Price spread, last 4 days (all we have)−2.556%−$256 · spread now +2.045%, 7d avg −0.158%

Together, before fees−2.671%−$267 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 2.204% dearer against MEXC than usual: you sell high and buy low (spread +2.045% now, against its 7-day average of −0.158%): +$220 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4 months. The two prices were read 85 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	MEXC VET_USDT	0.008996	0.0100	pay 0.0100% / 8h	3h 17m	$8.1M	$1.3M	125x
Short	Injective VET/USDC PERP	0.009180	0.0033	get 0.0004% / 1h	17m 49s	$7	$152K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against MEXC. 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 MEXCbpFee InjectivebpOrdersPrice spread, now +2.045%Rate

Funding earned: −$14
Price spread: +2.045% → −0.158%: $220.37
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $202.35
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: MEXC: live order book, 5 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 MEXC live order book, 5 min ago	2.79 bp	14.9 bp −$15	40.8 bp −$408	64.4 bp −$6,442	165.0 bp −$82.5K
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 0.0000% / S +0.0006%	1h	0.008997	+0.014%	$16K	—	150x	as long as short
Injective VET/USDC PERPshort	+0.0033%	1h	0.009180	+2.045%	$7	$152K	12x
Binance VETUSDT	+0.0100%	8h	0.008998	+0.022%	$6.2M	$14.9M	75x	as long as short
Bybit VETUSDT	+0.0100%	8h	0.008990	−0.067%	$6.0M	$4.0M	75x	as long as short
Gate VET_USDT	+0.0100%	8h	0.008995	−0.011%	$481K	$209K	25x	as long as short
MEXC VET_USDTlong	+0.0100%	8h	0.008996	long leg	$8.1M	$1.3M	125x
KuCoin VETUSDTM	+0.0100%	8h	0.008993	−0.033%	$4.9M	$4.0M	50x	as long as short
Bitget VETUSDT	+0.0100%	8h	0.008998	+0.022%	$4.8M	$1.9M	50x	as long as short
BingX VET-USDT	+0.0100%	8h	0.008988	−0.089%	—	$2.5M	—	as long as short
Variational Omni VET	+0.0100%	8h	0.008985	−0.123%	$27K	$392	—	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	0.008986	−0.111%	$394K	$473K	75x	as long as short
Kraken Futures PF_VETUSD	+0.5465%	1h	0.009073	+0.861%	$126K	$130K	10x	as long as short