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: Aster against Variational Omni−0.314%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Aster

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 · Aster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.314% cheaper against Variational Omni than usual: you would sell low and buy high, −$31 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni 2Z	0.05194	0.0100	pay 0.0050% / 4h	2h 57m	$33K	$29K	—
Short	Aster 2ZUSDT	0.05178	0.0100	get 0.0050% / 4h	2h 57m	$12K	$57K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee AsterbpOrdersPrice spread, now −0.314%Rate

Funding earned: $0
Price spread: −0.314% → 0.000%: −$31.37
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$39.37
Costs to cover: 0.080%
Break-even: never at this rate

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

Variational Omni and Aster: 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	−0.0537%	1h	0.05167	−0.522%	$45K	$32K	5x	as long as short
Injective 2Z/USDC PERP	+0.0033%	1h	0.04980	−4.122%	$867	$213	5.5x	as long as short
Lighter 2Z	+0.0096%	1h	0.05189	−0.098%	$16K	$8K	3x	as long as short
Hyperliquid 2Z	+0.0100%	1h	0.05173	−0.410%	$685K	$360K	3x	as long as short
Aster 2ZUSDTshort	+0.0100%	4h	0.05178	−0.314%	$12K	$57K	5x
Pacifica 2Z	+0.0100%	1h	0.05188	−0.123%	$75K	$14K	3x	as long as short
Binance 2ZUSDT	+0.0100%	4h	0.05166	−0.541%	$2.1M	$2.3M	50x	as long as short
Bybit 2ZUSDT	+0.0100%	4h	0.05165	−0.560%	$676K	$960K	50x	as long as short
OKX 2Z-USDT-SWAP	+0.0100%	4h	0.05164	−0.579%	$445K	$692K	20x	as long as short
Gate 2Z_USDT	+0.0100%	4h	0.05183	−0.214%	$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	0.05167	−0.522%	$288K	$121K	50x	as long as short
KuCoin 2ZUSDTM	+0.0100%	4h	0.05172	−0.433%	$191K	$51K	50x	as long as short
Bitget 2ZUSDT	+0.0100%	4h	0.05170	−0.464%	$149K	$584K	50x	as long as short
BingX 2Z-USDT	+0.0100%	4h	0.05171	−0.445%	—	$6.5M	—	as long as short
Variational Omni 2Zlong	+0.0100%	4h	0.05194	long leg	$33K	$29K	—
SunX 2Z-USDT	+0.0100%	4h	0.05180	−0.271%	$2K	$1.2M	20x	as long as short
Kraken Futures PF_2ZUSD	+0.1048%	1h	0.05209	+0.293%	$6K	$3K	10x	as long as short