Funding arb · Price arb /

COIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0110%/8h= −12.0% APRpaid last 24h −0.004%

Price spread now: Vest against OKX−0.320%7-day average +0.114% · you buy dearer than you sell

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

Long on OKX Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.015%+$2 on $10k

Price spread, last 4 days (all we have)+0.305%+$30 · spread now −0.320%, 7d avg +0.114%

Together, before fees+0.320%+ Points / potential airdropVest: Active · farm board+$32 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Vest is 0.434% cheaper against OKX than usual: you would sell low and buy high (−$43 if the spread goes back to its 7-day average of +0.114%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX COIN-USDT-SWAP	196.67	0	get 0.0000% / 8h	3h 37m	$3.0M	$4.6M	20x
Short	Vest COIN-USD-PERP	196.04	−0.0110	pay 0.0014% / 1h	37m 50s	—	$266K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 OKXbpFee VestbpOrdersPrice spread, now −0.320%Rate

Funding earned: −$23.07
Price spread: −0.320% → +0.114%: −$43.41
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Vest: 1 bp × 2 orders: −$2
Net: −$78.47
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 5 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 OKX live order book, 5 min ago	1.27 bp	12.2 bp −$12	22.0 bp −$220	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	−0.0693%	8h	196.82	+0.076%	$6.3M	$10.4M	20x	as long as short
Injective COIN/USDC PERP	−0.0440%	1h	196.76	+0.046%	$43K	$48K	30x	as long as short
Gate COIN_USDT	−0.0224%	8h	196.75	+0.041%	$1.2M	$7.3M	50x	as long as short
Vest COIN-USD-PERPshort	−0.0110%	1h	196.04	−0.320%	—	$266K	25x
Aster COINUSDT	0.0000%	8h	196.79	+0.061%	$343K	$890K	20x	as long as short
Extended COIN_24_5-USD	0.0000%	1h	196.68	+0.008%	$116K	$690K	10x	as long as short
Binance COINUSDT	0.0000%	8h	196.73	+0.031%	$14.7M	$79.9M	20x	as long as short
Bybit COINUSDT	0.0000%	8h	196.76	+0.046%	$4.8M	$6.0M	50x	as long as short
OKX COIN-USDT-SWAPlong	0.0000%	8h	196.67	long leg	$3.0M	$4.6M	20x
Variational Omni COIN	0.0000%	8h	196.74	+0.036%	$684K	$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	196.77	+0.049%	$10K	$2.4M	10x	as long as short
QFEX COIN-USD	+0.0020%	1h	196.55	−0.061%	$1.3M	$3.2M	10x	as long as short
Lighter RH COIN	+0.0032%	1h	196.63	−0.020%	$451K	$1.5M	10x	as long as short
Arcus COIN-USD	+0.0040%	1h	196.90	+0.117%	$15K	$55K	5x	as long as short
tradeXYZ xyz:COIN	+0.0050%	1h	196.62	−0.025%	$15.4M	$13.6M	10x	as long as short
Polymarket Perps COIN-USD	+0.0050%	1h	196.52	−0.076%	$134K	$1.2M	10x	as long as short
SoDEX COIN-USD	+0.0050%	1h	196.68	+0.005%	$77	$3K	10x	as long as short
Ondo Perps COIN-USD.P	+0.0050%	1h	196.51	−0.081%	$350K	$2.7M	10x	as long as short
edgeX COINUSDC	+0.0061%	4h	196.73	+0.030%	$51K	$294K	10x	as long as short
KuCoin COINUSDTM	+0.0100%	8h	196.68	+0.005%	$992K	$143K	20x	as long as short
ApeX Omni COINUSDT	+0.0100%	1h	196.98	+0.158%	$89K	$287K	50x	as long as short
Orderly PERP_COIN_USDC_mythos	+0.0100%	8h	196.65	−0.010%	$569	$4K	10x	as long as short
Aevo COIN-PERP	+0.0104%	1h	196.67	0.000%	$116	—	10x	as long as short
Lighter COIN	+0.0120%	1h	196.66	−0.006%	$340K	$2.0M	10x	as long as short
BloFin COIN-USDT	+0.0120%	8h	196.73	+0.031%	$188K	$392K	20x	as long as short
Phoenix COIN	+0.0122%	1h	196.84	+0.086%	$4K	$283K	10x	as long as short