Funding arb · Price arb /

VANA

all VANA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Binance+0.098%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$910.911% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%+$1 on $10k

Price spread, last 4 days (all we have)−0.095%−$9 · spread now +0.098%, 7d avg +0.029%

Together, before fees−0.090%−$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.069% dearer against Binance than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance VANAUSDT	1.1229	0.0100	pay 0.0050% / 4h	3h 44m	$2.2M	$3.2M	50x
Short	Bitget VANAUSDT	1.1240	0.0100	get 0.0050% / 4h	3h 44m	$440K	$267K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now +0.098%Rate

Funding earned: $0
Price spread: +0.098% → +0.029%: $6.89
Slippage, 4 orders: −$69.08
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$84.19
Costs to cover: 0.911%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; Bitget: live order book, 21 min ago.

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 Binance live order book, 7 min ago	0.44 bp	20.3 bp −$20	99.8 bp −$998	doesn't fit	doesn't fit
Sell Bitget live order book, 21 min ago	4.45 bp	30.9 bp −$31	92.3 bp −$923	doesn't fit	doesn't fit

VANA on 10 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
BloFin VANA-USDT	+0.0091%	4h	1.1240	+0.098%	$100K	$9K	50x	as long as short
Aster VANAUSDT	+0.0100%	4h	1.1331	+0.913%	$5K	$38K	5x	as long as short
Binance VANAUSDTlong	+0.0100%	4h	1.1229	long leg	$2.2M	$3.2M	50x
Bybit VANAUSDT	+0.0100%	4h	1.1230	+0.009%	$1.2M	$868K	25x	as long as short
OKX VANA-USDT-SWAP	+0.0100%	4h	1.1246	+0.151%	$179K	$416K	20x	as long as short
Gate VANA_USDT	+0.0100%	4h	1.1240	+0.098%	$129K	$404K	50x	as long as short
MEXC VANA_USDT	+0.0100%	4h	1.1230	+0.009%	$235K	$112K	20x	as long as short
KuCoin VANAUSDTM	+0.0100%	4h	1.1230	+0.009%	$263K	$36K	30x	as long as short
Bitget VANAUSDTshort	+0.0100%	4h	1.1240	+0.098%	$440K	$267K	50x
BingX VANA-USDT	+0.0100%	4h	1.1238	+0.080%	—	$6.6M	—	as long as short