Funding arb · Price arb /

VST

RWAall VST markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0337%/8h= +36.9% APRpaid last 24h +0.238%

Price spread now: Paragon against HTX+0.028%7-day average −0.379% · you sell dearer than you buy

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

Long on HTX Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 7 days+0.723%+$72 on $10k

Price spread, last 4 days (all we have)−0.392%−$39 · spread now +0.028%, 7d avg −0.379%

Together, before fees+0.330%+$33 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Paragon is 0.408% dearer against HTX than usual: you sell high and buy low: +$41 more if the spread goes back to its 7-day average of −0.379%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX VST-USDT	141.46	0.0100	pay 0.0100% / 8h	1h 25m	$7K	$351K	10x
Short	Paragon para:VST	141.50	0.0437	get 0.0055% / 1h	25m 58s	$2.3M	$708K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against HTX. 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 HTXbpFee ParagonbpOrdersPrice spread, now +0.028%Rate

Funding earned: $70.8
Price spread: +0.028% → −0.379%: $40.77
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Paragon: 5 bp × 2 orders: −$10
Net: $89.57
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: HTX: live order book, 17 min ago; Paragon: live order book, 1 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 HTX live order book, 17 min ago	29.59 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Paragon live order book, 1 min ago	1.06 bp	21.4 bp −$21	doesn't fit	doesn't fit	doesn't fit

VST on 9 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
edgeX VSTUSDC	−0.0982%	4h	141.43	−0.021%	$23K	$203K	10x	as long as short
Bybit VSTUSDT	0.0000%	8h	141.30	−0.113%	$387K	$126K	25x	as long as short
QFEX VST-USD	0.0000%	1h	141.25	−0.148%	$1.2M	$693K	10x	as long as short
Gate VST_USDT	0.0000%	8h	141.47	+0.007%	$258K	$252K	20x	as long as short
Bitget VSTUSDT	0.0000%	8h	141.63	+0.120%	$2.3M	$1.1M	20x	as long as short
HTX VST-USDTlong	+0.0100%	8h	141.46	long leg	$7K	$351K	10x
Injective VST/USDC PERP	+0.0220%	1h	143.13	+1.181%	$5K	$416	12x	as long as short
Binance VSTUSDT	+0.0393%	8h	141.45	−0.006%	$1.5M	$884K	20x	as long as short
Paragon para:VSTshort	+0.0437%	1h	141.50	+0.028%	$2.3M	$708K	10x