Funding arb · Price arb /

VET

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0106%/8h= −11.6% APRpaid last 24h −0.032%

Price spread now: gTrade (Gains Network) against Bybit+0.243%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on gTrade (Gains Network)

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—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.243% dearer against Bybit than usual: you sell high and buy low (spread +0.243% now, against zero (this spread has no 7-day history yet)): +$24 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 7.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit VETUSDT	0.008928	0.0100	pay 0.0100% / 8h	2h 46m	$5.9M	$4.0M	75x
Short	gTrade (Gains Network) VET/USD	0.008950	L 0.0000% / S +0.0006%	pay 0.0001% / 1h	46m 44s	$16K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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

Position, each leg$Hold fordaysFee BybitbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.243%Rate

Funding earned: −$22.28
Price spread: +0.243% → 0.000%: $24.27
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$19.01
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: Bybit: live order book, 1 min ago; gTrade (Gains Network): no order-book sample. 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 Bybit live order book, 1 min ago	1.12 bp	33.8 bp −$34	51.4 bp −$514	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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.

VET on 12 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
gTrade (Gains Network) VET/USDshort	L 0.0000% / S +0.0006%	1h	0.008950	+0.243%	$16K	—	150x
Injective VET/USDC PERP	+0.0033%	1h	0.009180	+2.823%	$7	$152K	12x	as long as short
Binance VETUSDT	+0.0100%	8h	0.008933	+0.059%	$6.1M	$14.8M	75x	as long as short
Bybit VETUSDTlong	+0.0100%	8h	0.008928	long leg	$5.9M	$4.0M	75x
Gate VET_USDT	+0.0100%	8h	0.008931	+0.034%	$476K	$213K	25x	as long as short
MEXC VET_USDT	+0.0100%	8h	0.008935	+0.078%	$8.0M	$1.3M	125x	as long as short
KuCoin VETUSDTM	+0.0100%	8h	0.008937	+0.101%	$4.8M	$4.0M	50x	as long as short
Bitget VETUSDT	+0.0100%	8h	0.008938	+0.112%	$4.8M	$1.9M	50x	as long as short
BingX VET-USDT	+0.0100%	8h	0.008941	+0.146%	—	$2.5M	—	as long as short
Variational Omni VET	+0.0100%	8h	0.008961	+0.369%	$27K	$392	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin VET-USDT	+0.0220%	8h	0.008929	+0.011%	$388K	$469K	75x	as long as short
Kraken Futures PF_VETUSD	+0.3486%	1h	0.008943	+0.171%	$124K	$131K	10x	as long as short