Funding arb · Price arb /

COST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h +0.042%

Price spread now: Binance against Vest+0.104%47s7-day average — · you sell dearer than you buy

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

Long on Vest Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

The price spread pays, funding is against you. Binance is 0.104% dearer against Vest than usual: you sell high and buy low (spread +0.104% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.6 days. The two prices were read 47 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	Vest COST-USD-PERP	902.09	0.0046	pay 0.0006% / 1h	7m 43s	—	—	25x
Short	Binance COSTUSDT	903.03	0	get 0.0000% / 8h	7m 43s	$1.1M	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Vest. 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 VestbpFee BinancebpOrdersPrice spread, now +0.104%Rate

Funding earned: −$9.59
Price spread: +0.104% → 0.000%: $10.42
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Binance: 5 bp × 2 orders: −$10
Net: −$11.17
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Binance: live order book, 10 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 Vest no order-book sample	—	—	—	—	—
Sell Binance live order book, 10 min ago	0.05 bp	14.5 bp −$14	58.4 bp −$584	doesn't fit	doesn't fit

Vest: 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.

COST on 15 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
Aster COSTUSDT	0.0000%	8h	902.94	+0.094%	$45K	$133	20x	as long as short
Binance COSTUSDTshort	0.0000%	8h	903.03	+0.104%	$1.1M	$1.0M	20x
Bybit COSTUSDT	0.0000%	8h	902.75	+0.073%	$491K	$91K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	902.92	+0.092%	$443K	$122K	10x	as long as short
Gate COST_USDT	0.0000%	8h	902.96	+0.096%	$523K	$8K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	902.82	+0.081%	$401K	$81K	25x	as long as short
Variational Omni COST	0.0000%	8h	902.92	+0.092%	$41K	$13K	—	as long as short
SunX COST-USDT	0.0000%	8h	902.50	+0.045%	$2K	$2.8M	10x	as long as short
HTX COST-USDT	0.0000%	8h	904.32	+0.247%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0004%	1h	902.95	+0.095%	$1.1M	$2.4M	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective COST/USDC PERP	+0.0033%	1h	891.98	−1.121%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.426%	—	—	10x	as long as short
Vest COST-USD-PERPlong	+0.0046%	1h	902.09	long leg	—	—	25x
tradeXYZ xyz:COST	+0.0050%	1h	902.66	+0.063%	$1.8M	$509K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	902.10	+0.001%	$47K	$911K	20x	as long as short