Funding arb · Price arb /

VANA

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: OKX against Gate+0.098%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$178as in the Funding arb table

Net, price: spread back to 7d avg − costs−$169as in the Price arb table

costs, in and out, $10k−$1751.753% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$3 on $10k

Price spread, last 4 days (all we have)−0.035%−$3 · spread now +0.098%, 7d avg +0.039%

Together, before fees−0.060%−$6 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: OKX is 0.059% dearer against Gate than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate VANA_USDT	1.1190	0.0100	pay 0.0050% / 4h	29m 56s	$129K	$406K	50x
Short	OKX VANA-USDT-SWAP	1.1201	0.0100	get 0.0050% / 4h	29m 56s	$174K	$404K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.098%Rate

Funding earned: $0
Price spread: +0.098% → +0.039%: $5.92
Slippage, 4 orders: −$150.27
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$169.34
Costs to cover: 1.753%
Break-even: never at this rate

Slippage from Gate: live order book, 46 min ago; OKX: live order book, 46 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, 46 min ago	4.50 bp	46.9 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 46 min ago	2.70 bp	30.2 bp −$30	doesn't fit	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	+0.0084%	4h	1.1199	+0.080%	$99K	$9K	50x	as long as short
Aster VANAUSDT	+0.0100%	4h	1.1194	+0.040%	$5K	$38K	5x	as long as short
Binance VANAUSDT	+0.0100%	4h	1.1191	+0.005%	$2.1M	$3.2M	50x	as long as short
Bybit VANAUSDT	+0.0100%	4h	1.1187	−0.027%	$1.2M	$857K	25x	as long as short
OKX VANA-USDT-SWAPshort	+0.0100%	4h	1.1201	+0.098%	$174K	$404K	20x
Gate VANA_USDTlong	+0.0100%	4h	1.1190	long leg	$129K	$406K	50x
MEXC VANA_USDT	+0.0100%	4h	1.1190	0.000%	$232K	$113K	20x	as long as short
KuCoin VANAUSDTM	+0.0100%	4h	1.1180	−0.089%	$268K	$34K	30x	as long as short
Bitget VANAUSDT	+0.0100%	4h	1.1200	+0.089%	$439K	$265K	50x	as long as short
BingX VANA-USDT	+0.0100%	4h	1.1197	+0.063%	—	$6.6M	—	as long as short