Funding arb · Price arb /

2Z

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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 +0.038%

Price spread now: Variational Omni against Aster+0.015%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster 2ZUSDT	0.05240	0.0100	pay 0.0050% / 4h	1h 20m	$12K	$57K	5x
Short	Variational Omni 2Z	0.05241	0.0100	get 0.0050% / 4h	1h 20m	$33K	$29K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aster. 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 AsterbpFee Variational OmnibpOrdersPrice spread, now +0.015%Rate

Funding earned: $0
Price spread: +0.015% → 0.000%: $1.51
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$6.49
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Variational Omni: no order-book sample. Net counts fees only.

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 Aster no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

Aster and Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

2Z on 17 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
Backpack 2Z_USDC_PERP	−0.0402%	1h	0.05234	−0.110%	$46K	$29K	5x	as long as short
Injective 2Z/USDC PERP	+0.0033%	1h	0.04980	−4.957%	$867	$213	5.5x	as long as short
Lighter 2Z	+0.0096%	1h	0.05248	+0.158%	$17K	$8K	3x	as long as short
Hyperliquid 2Z	+0.0100%	1h	0.05239	−0.014%	$668K	$368K	3x	as long as short
Aster 2ZUSDTlong	+0.0100%	4h	0.05240	long leg	$12K	$57K	5x
Pacifica 2Z	+0.0100%	1h	0.05240	+0.005%	$75K	$14K	3x	as long as short
Binance 2ZUSDT	+0.0100%	4h	0.05238	−0.034%	$2.1M	$2.2M	50x	as long as short
Bybit 2ZUSDT	+0.0100%	4h	0.05242	+0.043%	$690K	$954K	50x	as long as short
OKX 2Z-USDT-SWAP	+0.0100%	4h	0.05241	+0.024%	$453K	$709K	20x	as long as short
Gate 2Z_USDT	+0.0100%	4h	0.05236	−0.071%	$91K	$68K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC 2Z_USDT	+0.0100%	4h	0.05242	+0.043%	$297K	$125K	50x	as long as short
KuCoin 2ZUSDTM	+0.0100%	4h	0.05237	−0.060%	$193K	$52K	50x	as long as short
Bitget 2ZUSDT	+0.0100%	4h	0.05239	−0.014%	$157K	$632K	50x	as long as short
BingX 2Z-USDT	+0.0100%	4h	0.05241	+0.024%	—	$6.5M	—	as long as short
Variational Omni 2Zshort	+0.0100%	4h	0.05241	+0.015%	$33K	$29K	—
SunX 2Z-USDT	+0.0100%	4h	0.05239	−0.014%	$2K	$1.2M	20x	as long as short
Kraken Futures PF_2ZUSD	+0.2478%	1h	0.05242	+0.036%	$6K	$3K	10x	as long as short