Funding arb · Price arb /

VANA

all VANA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Binance−0.045%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$830.827% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.083%+$8 · spread now −0.045%, 7d avg +0.002%

Together, before fees+0.087%+$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: MEXC is 0.047% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance VANAUSDT	1.1085	0.0100	pay 0.0050% / 4h	2h 37m	$2.1M	$2.8M	50x
Short	MEXC VANA_USDT	1.1080	0.0100	get 0.0050% / 4h	2h 37m	$223K	$105K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.045%Rate

Funding earned: $0
Price spread: −0.045% → +0.002%: −$4.67
Slippage, 4 orders: −$68.75
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$87.41
Costs to cover: 0.827%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; MEXC: live order book, 57 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, 13 min ago	1.34 bp	22.4 bp −$22	98.1 bp −$981	doesn't fit	doesn't fit
Sell MEXC live order book, 57 min ago	8.93 bp	19.6 bp −$20	54.3 bp −$543	277.4 bp −$27.7K	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	+0.0042%	4h	1.1058	−0.244%	$96K	$8K	50x	as long as short
Aster VANAUSDT	+0.0100%	4h	1.1083	−0.019%	$4K	$39K	5x	as long as short
Binance VANAUSDTlong	+0.0100%	4h	1.1085	long leg	$2.1M	$2.8M	50x
Bybit VANAUSDT	+0.0100%	4h	1.1083	−0.018%	$1.2M	$737K	25x	as long as short
OKX VANA-USDT-SWAP	+0.0100%	4h	1.1093	+0.072%	$180K	$362K	20x	as long as short
Gate VANA_USDT	+0.0100%	4h	1.1070	−0.135%	$126K	$334K	50x	as long as short
MEXC VANA_USDTshort	+0.0100%	4h	1.1080	−0.045%	$223K	$105K	20x
KuCoin VANAUSDTM	+0.0100%	4h	1.1070	−0.135%	$259K	$34K	30x	as long as short
Bitget VANAUSDT	+0.0100%	4h	1.1080	−0.045%	$439K	$227K	50x	as long as short
BingX VANA-USDT	+0.0100%	4h	1.1081	−0.036%	—	$6.5M	—	as long as short