Funding arb · Price arb /

VANA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against MEXC+0.089%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$790.790% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.109%−$11 · spread now +0.089%, 7d avg +0.026%

Together, before fees−0.107%−$11 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: Bitget is 0.063% dearer against MEXC than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC VANA_USDT	1.1220	0.0100	pay 0.0050% / 4h	3h 41m	$234K	$112K	20x
Short	Bitget VANAUSDT	1.1230	0.0100	get 0.0050% / 4h	3h 41m	$440K	$267K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.089%Rate

Funding earned: $0
Price spread: +0.089% → +0.026%: $6.32
Slippage, 4 orders: −$63
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$72.69
Costs to cover: 0.790%
Break-even: never at this rate

Slippage from MEXC: live order book, 13 min ago; Bitget: live order book, 25 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, 13 min ago	4.44 bp	15.0 bp −$15	49.2 bp −$492	277.6 bp −$27.8K	doesn't fit
Sell Bitget live order book, 25 min ago	4.45 bp	30.9 bp −$31	92.3 bp −$923	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	+0.0072%	4h	1.1212	−0.071%	$100K	$9K	50x	as long as short
Aster VANAUSDT	+0.0100%	4h	1.1223	+0.031%	$5K	$38K	5x	as long as short
Binance VANAUSDT	+0.0100%	4h	1.1218	−0.018%	$2.2M	$3.2M	50x	as long as short
Bybit VANAUSDT	+0.0100%	4h	1.1218	−0.018%	$1.2M	$870K	25x	as long as short
OKX VANA-USDT-SWAP	+0.0100%	4h	1.1218	−0.018%	$177K	$416K	20x	as long as short
Gate VANA_USDT	+0.0100%	4h	1.1220	0.000%	$129K	$404K	50x	as long as short
MEXC VANA_USDTlong	+0.0100%	4h	1.1220	long leg	$234K	$112K	20x
KuCoin VANAUSDTM	+0.0100%	4h	1.1220	0.000%	$262K	$36K	30x	as long as short
Bitget VANAUSDTshort	+0.0100%	4h	1.1230	+0.089%	$440K	$267K	50x
BingX VANA-USDT	+0.0100%	4h	1.1223	+0.027%	—	$6.5M	—	as long as short