Funding arb · Price arb /

COST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: Bybit against Vest+0.090%7-day average — · you sell dearer than you buy

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

Long on Vest Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

The price spread pays, funding is against you. Bybit is 0.090% dearer against Vest than usual: you sell high and buy low (spread +0.090% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest COST-USD-PERP	898.24	0.0046	pay 0.0006% / 1h	13m 08s	—	—	25x
Short	Bybit COSTUSDT	899.05	0	get 0.0000% / 8h	13m 08s	$470K	$192K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Vest. 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 VestbpFee BybitbpOrdersPrice spread, now +0.090%Rate

Funding earned: −$9.59
Price spread: +0.090% → 0.000%: $9.02
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$13.58
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Bybit: live order book, 57 min ago. 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 Vest no order-book sample	—	—	—	—	—
Sell Bybit live order book, 57 min ago	9.35 bp	20.9 bp −$21	151.7 bp −$1,517	doesn't fit	doesn't fit

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.

COST on 15 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
Aster COSTUSDT	0.0000%	8h	898.21	−0.003%	$45K	$178	20x	as long as short
Bybit COSTUSDTshort	0.0000%	8h	899.05	+0.090%	$470K	$192K	25x
Gate COST_USDT	0.0000%	8h	899.27	+0.115%	$523K	$26K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	898.70	+0.051%	$398K	$124K	25x	as long as short
SunX COST-USDT	0.0000%	8h	898.40	+0.018%	$2K	$3.3M	10x	as long as short
HTX COST-USDT	0.0000%	8h	900.58	+0.261%	$10K	$42K	10x	as long as short
OKX COST-USDT-SWAP	+0.0001%	8h	899.58	+0.149%	$443K	$140K	10x	as long as short
QFEX COST-USD	+0.0029%	1h	898.56	+0.036%	$1.1M	$3.2M	10x	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.697%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	+0.001%	—	—	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest COST-USD-PERPlong	+0.0046%	1h	898.24	long leg	—	—	25x
tradeXYZ xyz:COST	+0.0050%	1h	898.31	+0.008%	$1.8M	$526K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	898.50	+0.029%	$41K	$849K	20x	as long as short
Variational Omni COST	+0.0339%	8h	898.39	+0.017%	$42K	$19K	—	as long as short
Binance COSTUSDT	+0.0520%	8h	898.64	+0.045%	$1.1M	$968K	20x	as long as short