Funding you earn now, next payment 04:00 UTC−0.0140%/8h= −15.3% APRnext payment −$0.70 per $10,000 · paid last 24h −0.014%
Price spread now: Bybit against Gate+0.125%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$181as in the Funding arb table
Net, price: spread back to 7d avg − costs−$159as in the Price arb table
costs, in and out, $10k−$1691.687% of the position
Funding, last 7 days−0.125%−$13 on $10k
+Price spread, last 4 days (all we have)−0.135%−$13 · spread now +0.125%, 7d avg +0.025%
=The price spread pays, funding is against you. Bybit is 0.099% dearer against Gate than usual: you sell high and buy low (spread +0.125% now, against its 7-day average of +0.025%): +$10 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.4 days. At the pace of the last 7 days (−0.125% in total) that is about 5.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate VANA_USDT | 1.1220 | 0.0100 | pay 0.0050% / 4h | 1h 22m | $128K | $302K | 50x |
| Short | Bybit VANAUSDT | 1.1234 | −0.0040 | pay 0.0020% / 4h | 1h 22m | $1.2M | $874K | 25x |
Gate VANA_USDT
Bybit VANAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$29.31
- Price spread: +0.125% → +0.025%
- $9.95
- Slippage, 4 orders
- −$142.72
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$188.09
- Costs to cover
- 1.687%
- Break-even
- never at this rate
Slippage from Gate: live order book, 38 min ago; Bybit: live order book, 3 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 Gate live order book, 38 min ago | 4.47 bp | 45.9 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 2.68 bp | 33.5 bp −$34 | 137.3 bp −$1,373 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit VANAUSDTshort | −0.0040% | 4h | 1.1234 | +0.125% | $1.2M | $874K | 25x | |
| Aster VANAUSDT | −0.0039% | 4h | 1.1221 | +0.005% | $5K | $38K | 5x | as long as short |
| BloFin VANA-USDT | +0.0067% | 4h | 1.1219 | −0.009% | $100K | $8K | 50x | as long as short |
| Binance VANAUSDT | +0.0100% | 4h | 1.1234 | +0.125% | $2.2M | $3.2M | 50x | as long as short |
| OKX VANA-USDT-SWAP | +0.0100% | 4h | 1.1233 | +0.116% | $173K | $400K | 20x | as long as short |
| Gate VANA_USDTlong | +0.0100% | 4h | 1.1220 | long leg | $128K | $302K | 50x | |
| MEXC VANA_USDT | +0.0100% | 4h | 1.1220 | 0.000% | $229K | $110K | 20x | as long as short |
| KuCoin VANAUSDTM | +0.0100% | 4h | 1.1210 | −0.089% | $262K | $34K | 30x | as long as short |
| Bitget VANAUSDT | +0.0100% | 4h | 1.1230 | +0.089% | $449K | $278K | 50x | as long as short |
| BingX VANA-USDT | +0.0100% | 4h | 1.1223 | +0.027% | — | $6.5M | — | as long as short |
Aster VANAUSDT
BloFin VANA-USDT
Binance VANAUSDT
OKX VANA-USDT-SWAP
MEXC VANA_USDT
KuCoin VANAUSDTM
Bitget VANAUSDT
BingX VANA-USDT