Funding arb · Price arb /

VANA

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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: BingX against MEXC+0.072%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$820.824% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 4 days (all we have)−0.050%−$5 · spread now +0.072%, 7d avg +0.036%

Together, before fees−0.039%−$4 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: BingX is 0.036% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC VANA_USDT	1.1130	0.0100	pay 0.0050% / 4h	1h 07m	$223K	$106K	20x
Short	BingX VANA-USDT	1.1138	0.0100	get 0.0050% / 4h	1h 07m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.072%Rate

Funding earned: $0
Price spread: +0.072% → +0.036%: $3.59
Slippage, 4 orders: −$68.42
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$78.83
Costs to cover: 0.824%
Break-even: never at this rate

Slippage from MEXC: live order book, 17 min ago; BingX: live order book, 14 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, 17 min ago	8.99 bp	19.6 bp −$20	51.0 bp −$510	274.9 bp −$27.5K	doesn't fit
Sell BingX live order book, 14 min ago	4.50 bp	22.8 bp −$23	81.4 bp −$814	603.1 bp −$60.3K	834.1 bp −$417.1K

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	1.1128	−0.018%	$4K	$40K	5x	as long as short
Binance VANAUSDT	+0.0100%	4h	1.1130	−0.003%	$2.1M	$2.7M	50x	as long as short
Bybit VANAUSDT	+0.0100%	4h	1.1133	+0.027%	$1.2M	$721K	25x	as long as short
OKX VANA-USDT-SWAP	+0.0100%	4h	1.1142	+0.108%	$177K	$355K	20x	as long as short
Gate VANA_USDT	+0.0100%	4h	1.1130	0.000%	$126K	$331K	50x	as long as short
MEXC VANA_USDTlong	+0.0100%	4h	1.1130	long leg	$223K	$106K	20x
KuCoin VANAUSDTM	+0.0100%	4h	1.1120	−0.090%	$263K	$33K	30x	as long as short
Bitget VANAUSDT	+0.0100%	4h	1.1130	0.000%	$427K	$214K	50x	as long as short
BingX VANA-USDTshort	+0.0100%	4h	1.1138	+0.072%	—	$6.5M	—
BloFin VANA-USDT	+0.0100%	4h	1.1127	−0.027%	$96K	$8K	50x	as long as short