Funding arb · Price arb /

COIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0115%/8h= +12.5% APRpaid last 24h −0.055%

Price spread now: Vest against Gate−0.300%7-day average +0.105% · you buy dearer than you sell

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

Long on Gate Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.009%−$1 on $10k

Price spread, last 4 days (all we have)+0.279%+$28 · spread now −0.300%, 7d avg +0.105%

Together, before fees+0.271%+ Points / potential airdropVest: Active · farm board+$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. Vest is 0.405% cheaper against Gate than usual: you would sell low and buy high (spread −0.300% now, against its 7-day average of +0.105%). If the spread goes back, that is −$41 on $10k: about 12 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate COIN_USDT	196.78	−0.0225	get 0.0225% / 8h	3h 41m	$1.2M	$7.3M	50x
Short	Vest COIN-USD-PERP	196.19	−0.0110	pay 0.0014% / 1h	41m 20s	—	$266K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Gate. 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 GatebpFee VestbpOrdersPrice spread, now −0.300%Rate

Funding earned: $24.07
Price spread: −0.300% → +0.105%: −$40.51
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Vest: 1 bp × 2 orders: −$2
Net: −$33.44
Costs to cover: 0.170%
Break-even: 16.7 days

Slippage unknown: Gate: live order book, 2 min ago; Vest: 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 Gate live order book, 2 min ago	6.35 bp	17.5 bp −$18	131.1 bp −$1,311	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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.

COIN on 26 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
Bitget COINUSDT	−0.0683%	8h	196.82	+0.020%	$6.3M	$10.4M	20x	as long as short
Injective COIN/USDC PERP	−0.0440%	1h	197.08	+0.152%	$43K	$48K	30x	as long as short
Gate COIN_USDTlong	−0.0225%	8h	196.78	long leg	$1.2M	$7.3M	50x
Vest COIN-USD-PERPshort	−0.0110%	1h	196.19	−0.300%	—	$266K	25x
Aster COINUSDT	0.0000%	8h	196.77	−0.005%	$343K	$890K	20x	as long as short
Extended COIN_24_5-USD	0.0000%	1h	196.65	−0.064%	$117K	$689K	10x	as long as short
Binance COINUSDT	0.0000%	8h	196.72	−0.030%	$14.7M	$79.9M	20x	as long as short
Bybit COINUSDT	0.0000%	8h	196.73	−0.025%	$4.8M	$6.0M	50x	as long as short
OKX COIN-USDT-SWAP	0.0000%	8h	196.74	−0.020%	$3.0M	$4.6M	20x	as long as short
Variational Omni COIN	0.0000%	8h	197.02	+0.122%	$685K	$939K	—	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COIN_USDT_Perp	0.0000%	8h	197.00	+0.112%	$12K	$2.4M	10x	as long as short
QFEX COIN-USD	+0.0020%	1h	196.72	−0.030%	$1.3M	$3.2M	10x	as long as short
Lighter RH COIN	+0.0032%	1h	196.72	−0.030%	$451K	$1.5M	10x	as long as short
Arcus COIN-USD	+0.0040%	1h	197.04	+0.132%	$15K	$55K	5x	as long as short
tradeXYZ xyz:COIN	+0.0050%	1h	196.60	−0.091%	$15.4M	$13.6M	10x	as long as short
Polymarket Perps COIN-USD	+0.0050%	1h	196.60	−0.091%	$134K	$1.2M	10x	as long as short
SoDEX COIN-USD	+0.0050%	1h	196.79	+0.005%	$81	$3K	10x	as long as short
Ondo Perps COIN-USD.P	+0.0050%	1h	196.54	−0.122%	$350K	$2.7M	10x	as long as short
KuCoin COINUSDTM	+0.0100%	8h	196.68	−0.051%	$992K	$143K	20x	as long as short
ApeX Omni COINUSDT	+0.0100%	1h	196.98	+0.102%	$89K	$287K	50x	as long as short
Orderly PERP_COIN_USDC_mythos	+0.0100%	8h	196.66	−0.061%	$569	$4K	10x	as long as short
Lighter COIN	+0.0104%	1h	196.72	−0.033%	$340K	$2.0M	10x	as long as short
Aevo COIN-PERP	+0.0104%	1h	196.73	−0.026%	$116	—	10x	as long as short
BloFin COIN-USDT	+0.0120%	8h	197.01	+0.117%	$188K	$393K	20x	as long as short
Phoenix COIN	+0.0122%	1h	196.84	+0.030%	$4K	$283K	10x	as long as short
edgeX COINUSDC	+0.0784%	4h	196.93	+0.078%	$51K	$294K	10x	as long as short