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 +0.019%

Price spread now: OKX against KuCoin+0.169%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$454as in the Funding arb table

Net, price: spread back to 7d avg − costs−$445as in the Price arb table

costs, in and out, $10k−$4624.624% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.079%+$8 on $10k

Price spread, last 4 days (all we have)−0.176%−$18 · spread now +0.169%, 7d avg −0.005%

Together, before fees−0.097%−$10 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 0.175% dearer against KuCoin than usual: you sell high and buy low, +$17 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	1.1210	0.0100	pay 0.0050% / 4h	3h 15m	$262K	$33K	30x
Short	OKX VANA-USDT-SWAP	1.1229	0.0100	get 0.0050% / 4h	3h 15m	$174K	$367K	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 +0.169%Rate

Funding earned: $0
Price spread: +0.169% → −0.005%: $17.47
Slippage, 4 orders: −$440.4
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$444.94
Costs to cover: 4.624%
Break-even: never at this rate

Slippage from KuCoin: live order book, 55 min ago; OKX: live order book, 35 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, 55 min ago	4.46 bp	184.4 bp −$184	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 35 min ago	2.68 bp	33.7 bp −$34	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	+0.0054%	4h	1.1216	+0.054%	$98K	$8K	50x	as long as short
Aster VANAUSDT	+0.0100%	4h	1.1214	+0.032%	$4K	$39K	5x	as long as short
Binance VANAUSDT	+0.0100%	4h	1.1214	+0.032%	$2.1M	$2.8M	50x	as long as short
Bybit VANAUSDT	+0.0100%	4h	1.1220	+0.089%	$1.2M	$751K	25x	as long as short
OKX VANA-USDT-SWAPshort	+0.0100%	4h	1.1229	+0.169%	$174K	$367K	20x
Gate VANA_USDT	+0.0100%	4h	1.1220	+0.089%	$169K	$315K	50x	as long as short
MEXC VANA_USDT	+0.0100%	4h	1.1210	0.000%	$226K	$110K	20x	as long as short
KuCoin VANAUSDTMlong	+0.0100%	4h	1.1210	long leg	$262K	$33K	30x
Bitget VANAUSDT	+0.0100%	4h	1.1220	+0.089%	$448K	$246K	50x	as long as short
BingX VANA-USDT	+0.0100%	4h	1.1224	+0.125%	—	$6.5M	—	as long as short