Funding you earn now, next payment 08:00 UTC+0.0315%/8h= +34.5% APRnext payment +$3.15 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Gate−0.325%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$244as in the Funding arb table
Net, price: spread back to 7d avg − costs−$276as in the Price arb table
costs, in and out, $10k−$2432.429% of the position
Funding, last 7 days−0.007%−$1 on $10k
+Price spread, last 4 days (all we have)+0.287%+$29 · spread now −0.325%, 7d avg +0.008%
=Funding pays, the price is against you. Bybit is 0.333% cheaper against Gate than usual: you would sell low and buy high (spread −0.325% now, against its 7-day average of +0.008%). If the spread goes back, that is −$33 on $10k: about 3.5 days of funding at the current rate (+$9 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.007% in total (about -0.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.15 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate VST_USDT | 141.53 | −0.0315 | get 0.0315% / 8h | 12m 11s | $258K | $253K | 20x |
| Short | Bybit VSTUSDT | 141.07 | 0 | get 0.0000% / 8h | 12m 11s | $387K | $125K | 25x |
Gate VST_USDT
Bybit VSTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $66.15
- Price spread: −0.325% → +0.008%
- −$33.32
- Slippage, 4 orders
- −$216.88
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$210.06
- Costs to cover
- 2.429%
- Break-even
- 29.2 days
Slippage from Gate: live order book, 19 min ago; Bybit: live order book, 17 min ago.
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, 19 min ago | 12.73 bp | 22.5 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 17 min ago | 8.14 bp | 33.3 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
VST on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate VST_USDTlong | −0.0315% | 8h | 141.53 | long leg | $258K | $253K | 20x | |
| edgeX VSTUSDC | −0.0177% | 4h | 141.13 | −0.279% | $23K | $205K | 10x | as long as short |
| Bybit VSTUSDTshort | 0.0000% | 8h | 141.07 | −0.325% | $387K | $125K | 25x | |
| QFEX VST-USD | 0.0000% | 1h | 141.17 | −0.254% | $1.2M | $691K | 10x | as long as short |
| Bitget VSTUSDT | 0.0000% | 8h | 141.49 | −0.028% | $2.3M | $1.1M | 20x | as long as short |
| HTX VST-USDT | +0.0100% | 8h | 141.35 | −0.127% | $7K | $353K | 10x | as long as short |
| Injective VST/USDC PERP | +0.0220% | 1h | 143.19 | +1.173% | $5K | $374 | 12x | as long as short |
| Binance VSTUSDT | +0.0260% | 8h | 141.22 | −0.220% | $1.5M | $896K | 20x | as long as short |
| Paragon para:VST | +0.0919% | 1h | 141.40 | −0.092% | $2.3M | $717K | 10x | as long as short |
edgeX VSTUSDC
QFEX VST-USD
Bitget VSTUSDT
HTX VST-USDT
Injective VST/USDC PERP
Binance VSTUSDT
Paragon para:VST