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 Gate+0.090%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$132as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1311.305% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.090%, 7d avg −0.008%

Together, before fees−0.052%−$5 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 0.098% dearer against Gate than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate VANA_USDT	1.1060	0.0100	pay 0.0050% / 4h	2h 39m	$126K	$334K	50x
Short	MEXC VANA_USDT	1.1070	0.0100	get 0.0050% / 4h	2h 39m	$223K	$105K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Gate. 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 GatebpFee MEXCbpOrdersPrice spread, now +0.090%Rate

Funding earned: $0
Price spread: +0.090% → −0.008%: $9.8
Slippage, 4 orders: −$111.51
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$120.7
Costs to cover: 1.305%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; MEXC: live order book, 55 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, 5 min ago	4.48 bp	43.4 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 55 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
Aster VANAUSDT	+0.0100%	4h	1.1065	+0.046%	$4K	$39K	5x	as long as short
Binance VANAUSDT	+0.0100%	4h	1.1064	+0.037%	$2.1M	$2.8M	50x	as long as short
Bybit VANAUSDT	+0.0100%	4h	1.1067	+0.063%	$1.2M	$738K	25x	as long as short
OKX VANA-USDT-SWAP	+0.0100%	4h	1.1063	+0.027%	$179K	$361K	20x	as long as short
Gate VANA_USDTlong	+0.0100%	4h	1.1060	long leg	$126K	$334K	50x
MEXC VANA_USDTshort	+0.0100%	4h	1.1070	+0.090%	$223K	$105K	20x
KuCoin VANAUSDTM	+0.0100%	4h	1.1060	0.000%	$259K	$33K	30x	as long as short
Bitget VANAUSDT	+0.0100%	4h	1.1070	+0.090%	$438K	$227K	50x	as long as short
BingX VANA-USDT	+0.0100%	4h	1.1068	+0.072%	—	$6.5M	—	as long as short
BloFin VANA-USDT	+0.0102%	4h	1.1075	+0.136%	$96K	$8K	50x	as long as short