Funding arb · Price arb /

VST

RWAall VST markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: QFEX against Gate−0.233%7-day average −0.254% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$140as in the Price arb table

costs, in and out, $10k−$1421.417% of the position

Long on Gate Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.007%−$1 on $10k

Price spread, last 4 days (all we have)+0.157%+$16 · spread now −0.233%, 7d avg −0.254%

Together, before fees+0.150%+$15 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.021% dearer against Gate than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.254%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate VST_USDT	141.72	0	get 0.0000% / 8h	2h 46m	$257K	$250K	20x
Short	QFEX VST-USD	141.39	0	get 0.0000% / 1h	46m 52s	$1.2M	$646K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Gate. 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 GatebpFee QFEXbpOrdersPrice spread, now −0.233%Rate

Funding earned: $0
Price spread: −0.233% → −0.254%: $2.09
Slippage, 4 orders: −$116.7
Fee Gate: 7.5 bp × 2 orders: −$15
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$139.61
Costs to cover: 1.417%
Break-even: never at this rate

Slippage from Gate: live order book, 60 min ago; QFEX: live order book, 4 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, 60 min ago	11.28 bp	67.3 bp −$67	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	2.12 bp	11.3 bp −$11	16.1 bp −$161	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
edgeX VSTUSDC	−0.0426%	4h	141.71	−0.007%	$23K	$205K	10x	as long as short
Bybit VSTUSDT	0.0000%	8h	141.50	−0.155%	$387K	$129K	25x	as long as short
QFEX VST-USDshort	0.0000%	1h	141.39	−0.233%	$1.2M	$646K	10x
Gate VST_USDTlong	0.0000%	8h	141.72	long leg	$257K	$250K	20x
Bitget VSTUSDT	0.0000%	8h	141.66	−0.042%	$2.3M	$1.1M	20x	as long as short
HTX VST-USDT	+0.0100%	8h	141.92	+0.141%	$7K	$351K	10x	as long as short
Injective VST/USDC PERP	+0.0220%	1h	143.26	+1.087%	$5K	$9K	12x	as long as short
Binance VSTUSDT	+0.0227%	8h	141.69	−0.018%	$1.5M	$864K	20x	as long as short
Paragon para:VST	+0.0918%	1h	141.66	−0.042%	$2.3M	$717K	10x	as long as short