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 0.000%

Price spread now: Variational Omni against Binance−0.008%7-day average — · you buy dearer than you sell

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

Long on Binance 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 airdropVariational Omni: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance 2ZUSDT	0.05161	0.0100	pay 0.0050% / 4h	2h 54m	$2.1M	$2.3M	50x
Short	Variational Omni 2Z	0.05161	0.0100	get 0.0050% / 4h	2h 54m	$33K	$29K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Binance. 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 BinancebpFee Variational OmnibpOrdersPrice spread, now −0.008%Rate

Funding earned: $0
Price spread: −0.008% → 0.000%: −$0.83
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$10.83
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 11 min ago; 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 Binance live order book, 11 min ago	1.91 bp	20.1 bp −$20	144.0 bp −$1,440	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

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	−0.0938%	1h	0.05160	−0.022%	$45K	$32K	5x	as long as short
Injective 2Z/USDC PERP	+0.0033%	1h	0.04980	−3.510%	$867	$213	5.5x	as long as short
Lighter 2Z	+0.0096%	1h	0.05168	+0.133%	$16K	$8K	3x	as long as short
Hyperliquid 2Z	+0.0100%	1h	0.05168	+0.133%	$684K	$354K	3x	as long as short
Aster 2ZUSDT	+0.0100%	4h	0.05157	−0.072%	$12K	$57K	5x	as long as short
Pacifica 2Z	+0.0100%	1h	0.05161	−0.003%	$74K	$14K	3x	as long as short
Binance 2ZUSDTlong	+0.0100%	4h	0.05161	long leg	$2.1M	$2.3M	50x
Bybit 2ZUSDT	+0.0100%	4h	0.05170	+0.172%	$676K	$962K	50x	as long as short
OKX 2Z-USDT-SWAP	+0.0100%	4h	0.05166	+0.094%	$444K	$692K	20x	as long as short
Gate 2Z_USDT	+0.0100%	4h	0.05168	+0.133%	$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	0.05168	+0.133%	$288K	$121K	50x	as long as short
KuCoin 2ZUSDTM	+0.0100%	4h	0.05160	−0.020%	$190K	$51K	50x	as long as short
Bitget 2ZUSDT	+0.0100%	4h	0.05163	+0.036%	$148K	$590K	50x	as long as short
BingX 2Z-USDT	+0.0100%	4h	0.05166	+0.094%	—	$6.5M	—	as long as short
Variational Omni 2Zshort	+0.0100%	4h	0.05161	−0.008%	$33K	$29K	—
SunX 2Z-USDT	+0.0100%	4h	0.05165	+0.075%	$2K	$1.2M	20x	as long as short
Kraken Futures PF_2ZUSD	+0.1051%	1h	0.05193	+0.624%	$6K	$3K	10x	as long as short