Funding you earn now, next payment 01:00 UTC−0.0582%/8h= −63.7% APRpaid last 24h −0.253%
Price spread now: Bybit against Paragon−0.056%7-day average +0.219% · you buy dearer than you sell
Net, funding: paid 7d − costs−$230as in the Funding arb table
Net, price: spread back to 7d avg − costs−$164as in the Price arb table
costs, in and out, $10k−$1361.360% of the position
Funding, last 7 days−0.942%−$94 on $10k
+Price spread, last 4 days (all we have)+0.049%+$5 · spread now −0.056%, 7d avg +0.219%
=Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Bybit is 0.275% cheaper against Paragon than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of +0.219%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paragon para:VST | 142.04 | 0.0582 | pay 0.0073% / 1h | 48m 02s | $2.3M | $744K | 10x |
| Short | Bybit VSTUSDT | 141.96 | 0 | get 0.0000% / 8h | 7h 48m | $368K | $127K | 25x |
Paragon para:VST
Bybit VSTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Paragon. 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
- −$122.18
- Price spread: −0.056% → +0.219%
- −$27.5
- Slippage, 4 orders
- −$115.02
- Fee Paragon: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$285.7
- Costs to cover
- 1.360%
- Break-even
- never at this rate
Slippage from Paragon: live order book, 8 min ago; Bybit: live order book, 16 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 Paragon live order book, 8 min ago | 2.47 bp | 14.5 bp −$14 | 67.9 bp −$679 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 16 min ago | 12.69 bp | 55.6 bp −$56 | 445.2 bp −$4,452 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance VSTUSDT | 0.0000% | 8h | 142.11 | +0.052% | $1.5M | $932K | 20x | as long as short |
| Bybit VSTUSDTshort | 0.0000% | 8h | 141.96 | −0.056% | $368K | $127K | 25x | |
| Gate VST_USDT | 0.0000% | 8h | 142.04 | 0.000% | $251K | $243K | 20x | as long as short |
| Bitget VSTUSDT | 0.0000% | 8h | 141.87 | −0.120% | $2.3M | $1.1M | 20x | as long as short |
| QFEX VST-USD | 0.0000% | 1h | 141.86 | −0.127% | $1.2M | $838K | 10x | as long as short |
| HTX VST-USDT | +0.0100% | 8h | 141.98 | −0.042% | $8K | $351K | 10x | as long as short |
| Injective VST/USDC PERP | +0.0220% | 1h | 143.17 | +0.796% | $5K | $9K | 12x | as long as short |
| Paragon para:VSTlong | +0.0582% | 1h | 142.04 | long leg | $2.3M | $744K | 10x | |
| edgeX VSTUSDC | +0.0931% | 4h | 142.11 | +0.047% | $24K | $204K | 10x | as long as short |
Binance VSTUSDT
Gate VST_USDT
Bitget VSTUSDT
QFEX VST-USD
HTX VST-USDT
Injective VST/USDC PERP
edgeX VSTUSDC