Settings8H · net · $10k
Funding arb · Price arb /

VST

RWAall VST markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.1029%/8h= +112.6% APRpaid last 24h +0.253%
Price spread now: Paragon against Bybit+0.162%7-day average −0.219% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$1151.152% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.942%+$94 on $10k
Price spread, last 4 days (all we have)−0.155%−$15 · spread now +0.162%, 7d avg −0.219%
Together, before fees+0.787%+$79 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$31 a day on $10k at the current rate, and Paragon is 0.381% dearer against Bybit than usual: you sell high and buy low: +$38 more if the spread goes back to its 7-day average of −0.219%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit VSTUSDT141.940get 0.0000% / 8h6h 56m$368K$116K25x
ShortParagon para:VST142.170.1029get 0.0129% / 1h56m 23s$2.3M$674K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paragon against Bybit. 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

Funding earned
$215.99
Price spread: +0.162% → −0.219%
$38.07
Slippage, 4 orders
−$94.23
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Paragon: 5 bp × 2 orders
−$10
Net
$138.83
Costs to cover
1.152%
Break-even
2.5 days
Slippage from Bybit: live order book, 3 min ago; Paragon: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 3 min ago10.57 bp64.0 bp −$64doesn't fitdoesn't fitdoesn't fit
Sell Paragon live order book, 1 min ago2.46 bp9.6 bp −$10doesn't fitdoesn't fitdoesn't fit

VST on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX VSTUSDC−0.0412%4h142.21+0.193%$24K$204K10xas long as short
Binance VSTUSDT0.0000%8h142.19+0.175%$1.5M$836K20xas long as short
Bybit VSTUSDTlong0.0000%8h141.94long leg$368K$116K25x
QFEX VST-USD0.0000%1h141.88−0.042%$1.2M$747K10xas long as short
Gate VST_USDT0.0000%8h142.16+0.155%$257K$245K20xas long as short
Bitget VSTUSDT0.0000%8h142.01+0.049%$2.3M$1.1M20xas long as short
HTX VST-USDT+0.0100%8h142.54+0.423%$8K$351K10xas long as short
Injective VST/USDC PERP+0.0220%1h143.75+1.275%$5K$9K12xas long as short
Paragon para:VSTshort+0.1029%1h142.17+0.162%$2.3M$674K10x