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: OKX against Variational Omni+0.018%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on OKX

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	0.05185	0.0100	pay 0.0050% / 4h	2h 06m	$33K	$29K	—
Short	OKX 2Z-USDT-SWAP	0.05186	0.0100	get 0.0050% / 4h	2h 06m	$445K	$705K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.018%Rate

Funding earned: $0
Price spread: +0.018% → 0.000%: $1.75
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$8.25
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; OKX: live order book, 59 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 OKX live order book, 59 min ago	3.82 bp	35.0 bp −$35	doesn't fit	doesn't fit	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	−0.0561%	1h	0.05181	−0.079%	$45K	$32K	5x	as long as short
Injective 2Z/USDC PERP	+0.0033%	1h	0.04980	−3.955%	$867	$213	5.5x	as long as short
Lighter 2Z	+0.0096%	1h	0.05191	+0.114%	$16K	$8K	3x	as long as short
Hyperliquid 2Z	+0.0100%	1h	0.05185	−0.006%	$662K	$371K	3x	as long as short
Aster 2ZUSDT	+0.0100%	4h	0.05184	−0.031%	$12K	$57K	5x	as long as short
Pacifica 2Z	+0.0100%	1h	0.05185	+0.006%	$75K	$14K	3x	as long as short
Binance 2ZUSDT	+0.0100%	4h	0.05182	−0.053%	$2.1M	$2.3M	50x	as long as short
Bybit 2ZUSDT	+0.0100%	4h	0.05186	+0.018%	$682K	$959K	50x	as long as short
OKX 2Z-USDT-SWAPshort	+0.0100%	4h	0.05186	+0.018%	$445K	$705K	20x
Gate 2Z_USDT	+0.0100%	4h	0.05180	−0.098%	$90K	$70K	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	0.05185	−0.002%	$293K	$125K	50x	as long as short
KuCoin 2ZUSDTM	+0.0100%	4h	0.05187	+0.031%	$191K	$52K	50x	as long as short
Bitget 2ZUSDT	+0.0100%	4h	0.05184	−0.021%	$145K	$615K	50x	as long as short
BingX 2Z-USDT	+0.0100%	4h	0.05185	−0.002%	—	$6.5M	—	as long as short
Variational Omni 2Zlong	+0.0100%	4h	0.05185	long leg	$33K	$29K	—
SunX 2Z-USDT	+0.0100%	4h	0.05189	+0.075%	$1K	$1.2M	20x	as long as short
Kraken Futures PF_2ZUSD	+0.1050%	1h	0.05200	+0.291%	$6K	$3K	10x	as long as short