Funding arb · Price arb /

VANA

all VANA markets

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 0.000%

Price spread now: Binance against MEXC−0.081%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$770.768% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.022%+$2 · spread now −0.081%, 7d avg −0.001%

Together, before fees+0.022%+$2 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: Binance is 0.080% cheaper against MEXC than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC VANA_USDT	1.1110	0.0100	pay 0.0050% / 4h	3h 38m	$223K	$102K	20x
Short	Binance VANAUSDT	1.1101	0.0100	get 0.0050% / 4h	3h 38m	$2.1M	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now −0.081%Rate

Funding earned: $0
Price spread: −0.081% → −0.001%: −$7.98
Slippage, 4 orders: −$62.76
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$84.74
Costs to cover: 0.768%
Break-even: never at this rate

Slippage from MEXC: live order book, 40 min ago; Binance: live order book, 11 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 MEXC live order book, 40 min ago	4.50 bp	15.1 bp −$15	50.1 bp −$501	290.6 bp −$29.1K	doesn't fit
Sell Binance live order book, 11 min ago	2.70 bp	22.9 bp −$23	89.0 bp −$890	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	+0.0082%	4h	1.1110	0.000%	$95K	$8K	50x	as long as short
Aster VANAUSDT	+0.0100%	4h	1.1105	−0.043%	$4K	$36K	5x	as long as short
Binance VANAUSDTshort	+0.0100%	4h	1.1101	−0.081%	$2.1M	$2.7M	50x
Bybit VANAUSDT	+0.0100%	4h	1.1105	−0.045%	$1.2M	$726K	25x	as long as short
OKX VANA-USDT-SWAP	+0.0100%	4h	1.1111	+0.009%	$175K	$346K	20x	as long as short
Gate VANA_USDT	+0.0100%	4h	1.1110	0.000%	$125K	$305K	50x	as long as short
MEXC VANA_USDTlong	+0.0100%	4h	1.1110	long leg	$223K	$102K	20x
KuCoin VANAUSDTM	+0.0100%	4h	1.1100	−0.090%	$261K	$34K	30x	as long as short
Bitget VANAUSDT	+0.0100%	4h	1.1120	+0.090%	$426K	$205K	50x	as long as short
BingX VANA-USDT	+0.0100%	4h	1.1105	−0.045%	—	$6.6M	—	as long as short