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 −0.036%

Price spread now: KuCoin against Injective−2.549%115s7-day average +0.178% · you buy dearer than you sell

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

Long on Injective Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.194%−$19 on $10k

Price spread, last 4 days (all we have)+3.172%+$317 · spread now −2.549%, 7d avg +0.178%

Together, before fees+2.978%+$298 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 2.727% cheaper against Injective than usual: you would sell low and buy high (spread −2.549% now, against its 7-day average of +0.178%). If the spread goes back, that is −$273 on $10k: about 5 months of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.194%, so the current rate has only just turned in your favour. The two prices were read 115 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	23m 25s	$7	$152K	12x
Short	KuCoin VETUSDTM	0.008946	0.0100	get 0.0100% / 8h	2h 23m	$4.8M	$4.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −2.549%Rate

Funding earned: $14
Price spread: −2.549% → +0.178%: −$272.7
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$270.72
Costs to cover: 0.120%
Break-even: 142.4 days

Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago	5.04 bp	39.7 bp −$40	136.2 bp −$1,362	doesn't fit	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	0.008947	−2.536%	$16K	—	150x	as long as short
Injective VET/USDC PERPlong	+0.0033%	1h	0.009180	long leg	$7	$152K	12x
Binance VETUSDT	+0.0100%	8h	0.008948	−2.524%	$6.1M	$14.7M	75x	as long as short
Bybit VETUSDT	+0.0100%	8h	0.008936	−2.658%	$5.9M	$4.0M	75x	as long as short
Gate VET_USDT	+0.0100%	8h	0.008927	−2.756%	$472K	$216K	25x	as long as short
MEXC VET_USDT	+0.0100%	8h	0.008944	−2.571%	$8.0M	$1.3M	125x	as long as short
KuCoin VETUSDTMshort	+0.0100%	8h	0.008946	−2.549%	$4.8M	$4.0M	50x
Bitget VETUSDT	+0.0100%	8h	0.008942	−2.593%	$4.8M	$1.9M	50x	as long as short
BingX VET-USDT	+0.0100%	8h	0.008945	−2.560%	—	$2.5M	—	as long as short
Variational Omni VET	+0.0100%	8h	0.008921	−2.826%	$27K	$192	—	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	0.008949	−2.516%	$390K	$469K	75x	as long as short
Kraken Futures PF_VETUSD	+0.3443%	1h	0.009055	−1.358%	$128K	$132K	10x	as long as short