Funding arb · Price arb /

VANA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.014%

Price spread now: OKX against KuCoin−0.209%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$555as in the Funding arb table

Net, price: spread back to 7d avg − costs−$584as in the Price arb table

costs, in and out, $10k−$5625.623% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.073%+$7 on $10k

Price spread, last 4 days (all we have)+0.202%+$20 · spread now −0.209%, 7d avg +0.005%

Together, before fees+0.275%+$28 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 0.214% cheaper against KuCoin than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin VANAUSDTM	1.1030	0.0100	pay 0.0050% / 4h	1h 28m	$254K	$29K	30x
Short	OKX VANA-USDT-SWAP	1.1007	0.0100	get 0.0050% / 4h	1h 28m	$169K	$296K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against KuCoin. 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 KuCoinbpFee OKXbpOrdersPrice spread, now −0.209%Rate

Funding earned: $0
Price spread: −0.209% → +0.005%: −$21.35
Slippage, 4 orders: −$540.3
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$583.65
Costs to cover: 5.623%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; OKX: live order book, 15 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 KuCoin live order book, 5 min ago	9.08 bp	187.6 bp −$188	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 15 min ago	3.15 bp	31.2 bp −$31	doesn't fit	doesn't fit	doesn't fit

VANA on 10 exchanges

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	+0.0041%	4h	1.0999	−0.281%	$95K	$8K	50x	as long as short
Aster VANAUSDT	+0.0100%	4h	1.0998	−0.290%	$4K	$21K	5x	as long as short
Binance VANAUSDT	+0.0100%	4h	1.1004	−0.236%	$2.1M	$2.4M	50x	as long as short
Bybit VANAUSDT	+0.0100%	4h	1.1009	−0.190%	$1.2M	$623K	25x	as long as short
OKX VANA-USDT-SWAPshort	+0.0100%	4h	1.1007	−0.209%	$169K	$296K	20x
Gate VANA_USDT	+0.0100%	4h	1.0990	−0.363%	$125K	$250K	50x	as long as short
MEXC VANA_USDT	+0.0100%	4h	1.1000	−0.272%	$221K	$98K	20x	as long as short
KuCoin VANAUSDTMlong	+0.0100%	4h	1.1030	long leg	$254K	$29K	30x
Bitget VANAUSDT	+0.0100%	4h	1.1000	−0.272%	$425K	$183K	50x	as long as short
BingX VANA-USDT	+0.0100%	4h	1.1006	−0.218%	—	$6.5M	—	as long as short