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 +0.036%

Price spread now: Injective against KuCoin+2.410%55s7-day average −0.213% · you sell dearer than you buy

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

Long on KuCoin Short on Injective

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)−3.029%−$303 · spread now +2.410%, 7d avg −0.213%

Together, before fees−2.835%−$284 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 2.623% dearer against KuCoin than usual: you sell high and buy low (spread +2.410% now, against its 7-day average of −0.213%): +$262 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. Mind the row above: over the last 7 days funding on this pair paid +0.194%, so the current rate has only just turned against you. The two prices were read 55 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	KuCoin VETUSDTM	0.008964	0.0100	pay 0.0100% / 8h	3h 44m	$4.9M	$3.9M	50x
Short	Injective VET/USDC PERP	0.009180	0.0033	get 0.0004% / 1h	44m 11s	$7	$152K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against KuCoin. 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 KuCoinbpFee InjectivebpOrdersPrice spread, now +2.410%Rate

Funding earned: −$14
Price spread: +2.410% → −0.213%: $262.25
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $236.23
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago	5.01 bp	39.9 bp −$40	208.0 bp −$2,080	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 −0.0001% / S +0.0006%	1h	0.008974	+0.109%	$4K	—	150x	as long as short
Injective VET/USDC PERPshort	+0.0033%	1h	0.009180	+2.410%	$7	$152K	12x
Binance VETUSDT	+0.0100%	8h	0.008967	+0.037%	$6.1M	$14.7M	75x	as long as short
Bybit VETUSDT	+0.0100%	8h	0.008963	−0.011%	$5.9M	$4.0M	75x	as long as short
Gate VET_USDT	+0.0100%	8h	0.008958	−0.067%	$481K	$208K	25x	as long as short
MEXC VET_USDT	+0.0100%	8h	0.008971	+0.078%	$8.0M	$1.3M	125x	as long as short
KuCoin VETUSDTMlong	+0.0100%	8h	0.008964	long leg	$4.9M	$3.9M	50x
Bitget VETUSDT	+0.0100%	8h	0.008964	0.000%	$4.8M	$1.9M	50x	as long as short
BingX VET-USDT	+0.0100%	8h	0.008967	+0.033%	—	$2.5M	—	as long as short
Variational Omni VET	+0.0100%	8h	0.008962	−0.023%	$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	0.008972	+0.089%	$387K	$472K	75x	as long as short
Kraken Futures PF_VETUSD	+0.5482%	1h	0.009046	+0.910%	$125K	$129K	10x	as long as short