Funding arb · Price arb /

VET

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.035%

Price spread now: Binance against Injective−2.495%57s7-day average +0.154% · you buy dearer than you sell

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

Long on Injective Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.114%+$11 on $10k

Price spread, last 4 days (all we have)+3.010%+$301 · spread now −2.495%, 7d avg +0.154%

Together, before fees+3.123%+$312 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 2.649% cheaper against Injective than usual: you would sell low and buy high (spread −2.495% now, against its 7-day average of +0.154%). If the spread goes back, that is −$265 on $10k: about 4 months of funding at the current rate (+$2 a day). The two prices were read 57 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	Injective VET/USDC PERP	0.009180	0.0033	pay 0.0004% / 1h	22m 19s	$7	$152K	12x
Short	Binance VETUSDT	0.008951	0.0100	get 0.0100% / 8h	3h 22m	$6.2M	$14.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Injective. 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 InjectivebpFee BinancebpOrdersPrice spread, now −2.495%Rate

Funding earned: $14
Price spread: −2.495% → +0.154%: −$264.88
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: −$260.9
Costs to cover: 0.100%
Break-even: 137.4 days

Slippage unknown: Injective: no order-book sample; Binance: live order book, 3 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell Binance live order book, 3 min ago	1.67 bp	18.3 bp −$18	42.8 bp −$428	217.0 bp −$21.7K	doesn't fit

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	0.008967	−2.324%	$16K	—	150x	as long as short
Injective VET/USDC PERPlong	+0.0033%	1h	0.009180	long leg	$7	$152K	12x
Binance VETUSDTshort	+0.0100%	8h	0.008951	−2.495%	$6.2M	$14.9M	75x
Bybit VETUSDT	+0.0100%	8h	0.008948	−2.527%	$5.9M	$4.0M	75x	as long as short
Gate VET_USDT	+0.0100%	8h	0.008971	−2.277%	$480K	$209K	25x	as long as short
MEXC VET_USDT	+0.0100%	8h	0.008953	−2.473%	$8.0M	$1.3M	125x	as long as short
KuCoin VETUSDTM	+0.0100%	8h	0.008957	−2.429%	$4.9M	$4.0M	50x	as long as short
Bitget VETUSDT	+0.0100%	8h	0.008950	−2.505%	$4.8M	$1.9M	50x	as long as short
BingX VET-USDT	+0.0100%	8h	0.008949	−2.516%	—	$2.5M	—	as long as short
Variational Omni VET	+0.0100%	8h	0.008966	−2.327%	$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	0.008983	−2.146%	$394K	$473K	75x	as long as short
Kraken Futures PF_VETUSD	+0.5498%	1h	0.009018	−1.760%	$125K	$130K	10x	as long as short