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: BingX against Variational Omni−0.014%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 BingX

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	Variational Omni 2Z	0.05161	0.0100	pay 0.0050% / 4h	2h 55m	$33K	$29K	—
Short	BingX 2Z-USDT	0.05160	0.0100	get 0.0050% / 4h	2h 55m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Variational Omni. 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 Variational OmnibpFee BingXbpOrdersPrice spread, now −0.014%Rate

Funding earned: $0
Price spread: −0.014% → 0.000%: −$1.36
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$11.36
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; BingX: live order book, 10 min ago. 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 BingX live order book, 10 min ago	6.69 bp	27.2 bp −$27	88.3 bp −$883	881.2 bp −$88.1K	doesn't fit

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	−0.0779%	1h	0.05156	−0.091%	$45K	$32K	5x	as long as short
Injective 2Z/USDC PERP	+0.0033%	1h	0.04980	−3.501%	$867	$213	5.5x	as long as short
Lighter 2Z	+0.0096%	1h	0.05173	+0.238%	$16K	$8K	3x	as long as short
Hyperliquid 2Z	+0.0100%	1h	0.05162	+0.031%	$683K	$360K	3x	as long as short
Aster 2ZUSDT	+0.0100%	4h	0.05163	+0.040%	$12K	$57K	5x	as long as short
Pacifica 2Z	+0.0100%	1h	0.05161	+0.010%	$74K	$14K	3x	as long as short
Binance 2ZUSDT	+0.0100%	4h	0.05159	−0.027%	$2.1M	$2.3M	50x	as long as short
Bybit 2ZUSDT	+0.0100%	4h	0.05160	−0.014%	$675K	$961K	50x	as long as short
OKX 2Z-USDT-SWAP	+0.0100%	4h	0.05160	−0.014%	$444K	$690K	20x	as long as short
Gate 2Z_USDT	+0.0100%	4h	0.05165	+0.083%	$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	0.05164	+0.064%	$288K	$121K	50x	as long as short
KuCoin 2ZUSDTM	+0.0100%	4h	0.05162	+0.023%	$190K	$51K	50x	as long as short
Bitget 2ZUSDT	+0.0100%	4h	0.05159	−0.033%	$145K	$589K	50x	as long as short
BingX 2Z-USDTshort	+0.0100%	4h	0.05160	−0.014%	—	$6.5M	—
Variational Omni 2Zlong	+0.0100%	4h	0.05161	long leg	$33K	$29K	—
SunX 2Z-USDT	+0.0100%	4h	0.05164	+0.064%	$2K	$1.2M	20x	as long as short
Kraken Futures PF_2ZUSD	+0.1051%	1h	0.05192	+0.606%	$6K	$3K	10x	as long as short