Funding arb · Price arb /

2Z

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Variational Omni against Pacifica+0.224%52s7-day average — · you sell dearer than you buy

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

Long on Pacifica Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.224% dearer against Pacifica than usual: you sell high and buy low, +$22 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica 2Z	0.05213	0.0100	pay 0.0013% / 1h	43m 45s	$75K	$15K	3x
Short	Variational Omni 2Z	0.05225	0.0100	get 0.0050% / 4h	2h 43m	$33K	$23K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Pacifica. 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 PacificabpFee Variational OmnibpOrdersPrice spread, now +0.224%Rate

Funding earned: $0
Price spread: +0.224% → 0.000%: $22.42
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $14.42
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Pacifica: 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 Pacifica no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

Pacifica 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	−0.0721%	1h	0.05210	−0.056%	$45K	$20K	5x	as long as short
Injective 2Z/USDC PERP	+0.0033%	1h	0.04980	−4.468%	$867	$213	5.5x	as long as short
Lighter 2Z	+0.0096%	1h	0.05213	+0.002%	$17K	$6K	3x	as long as short
Hyperliquid 2Z	+0.0100%	1h	0.05210	−0.046%	$656K	$351K	3x	as long as short
Aster 2ZUSDT	+0.0100%	4h	0.05216	+0.062%	$12K	$57K	5x	as long as short
Pacifica 2Zlong	+0.0100%	1h	0.05213	long leg	$75K	$15K	3x
Binance 2ZUSDT	+0.0100%	4h	0.05211	−0.030%	$2.1M	$2.0M	50x	as long as short
Bybit 2ZUSDT	+0.0100%	4h	0.05215	+0.040%	$726K	$918K	50x	as long as short
OKX 2Z-USDT-SWAP	+0.0100%	4h	0.05218	+0.098%	$445K	$691K	20x	as long as short
Gate 2Z_USDT	+0.0100%	4h	0.05223	+0.194%	$91K	$60K	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	0.05215	+0.040%	$328K	$122K	50x	as long as short
KuCoin 2ZUSDTM	+0.0100%	4h	0.05212	−0.015%	$178K	$50K	50x	as long as short
Bitget 2ZUSDT	+0.0100%	4h	0.05218	+0.098%	$156K	$624K	50x	as long as short
BingX 2Z-USDT	+0.0100%	4h	0.05215	+0.040%	—	$6.5M	—	as long as short
Variational Omni 2Zshort	+0.0100%	4h	0.05225	+0.224%	$33K	$23K	—
SunX 2Z-USDT	+0.0100%	4h	0.05217	+0.079%	$2K	$1.1M	20x	as long as short
Kraken Futures PF_2ZUSD	+0.0512%	1h	0.05209	−0.069%	$5K	$3K	10x	as long as short