Funding arb · Price arb /

VET

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.026%

Price spread now: Injective against Gate+2.581%99s7-day average −0.108% · you sell dearer than you buy

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

Long on Gate Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.178%−$18 on $10k

Price spread, last 4 days (all we have)−3.053%−$305 · spread now +2.581%, 7d avg −0.108%

Together, before fees−3.230%−$323 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 2.689% dearer against Gate than usual: you sell high and buy low (spread +2.581% now, against its 7-day average of −0.108%): +$269 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4 months. The two prices were read 99 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate VET_USDT	0.008949	0.0100	pay 0.0100% / 8h	2h 31m	$473K	$216K	25x
Short	Injective VET/USDC PERP	0.009180	0.0033	get 0.0004% / 1h	31m 33s	$7	$152K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now +2.581%Rate

Funding earned: −$14
Price spread: +2.581% → −0.108%: $268.95
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $239.93
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Gate: live order book, 14 min ago; Injective: 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 Gate live order book, 14 min ago	11.19 bp	90.6 bp −$91	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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/USD	L 0.0000% / S +0.0006%	1h	0.008944	−0.059%	$16K	—	150x	as long as short
Injective VET/USDC PERPshort	+0.0033%	1h	0.009180	+2.581%	$7	$152K	12x
Binance VETUSDT	+0.0100%	8h	0.008938	−0.123%	$6.1M	$14.8M	75x	as long as short
Bybit VETUSDT	+0.0100%	8h	0.008925	−0.268%	$5.9M	$4.0M	75x	as long as short
Gate VET_USDTlong	+0.0100%	8h	0.008949	long leg	$473K	$216K	25x
MEXC VET_USDT	+0.0100%	8h	0.008935	−0.156%	$8.0M	$1.3M	125x	as long as short
KuCoin VETUSDTM	+0.0100%	8h	0.008930	−0.212%	$4.8M	$4.0M	50x	as long as short
Bitget VETUSDT	+0.0100%	8h	0.008940	−0.101%	$4.8M	$1.9M	50x	as long as short
BingX VET-USDT	+0.0100%	8h	0.008933	−0.179%	—	$2.5M	—	as long as short
Variational Omni VET	+0.0100%	8h	0.008954	+0.057%	$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	0.008936	−0.145%	$390K	$469K	75x	as long as short
Kraken Futures PF_VETUSD	+0.3463%	1h	0.009003	+0.599%	$127K	$132K	10x	as long as short