Settings8H · net · $10k
Funding arb · Price arb /

4

all 4 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0245%/8h= −26.8% APRnext payment $1.23 per $10,000 · paid last 24h −0.114%
Price spread now: Variational Omni against BingX−1.583%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Variational Omni is 1.583% cheaper against BingX than usual: you would sell low and buy high (−$158 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX 4-USDT0.020250.0345pay 0.0173% / 4h1h 22m$1.4M
ShortVariational Omni 40.019930.0100get 0.0050% / 4h1h 22m$45K$8K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against BingX. 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

Funding earned
−$51.49
Price spread: −1.583% → 0.000%
−$158.31
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$219.8
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: BingX: live order book, 9 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
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 9 min ago30.32 bp57.5 bp −$58170.6 bp −$1,706doesn't fitdoesn'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.

4 on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni 4short+0.0100%4h0.01993−1.583%$45K$8K
SunX 4-USDT+0.0100%4h0.02018−0.351%$2K$1.3M20xas long as short
Bybit 4USDT+0.0328%4h0.02022−0.143%$2.6M$1.9M5xas long as short
MEXC 4_USDT+0.0334%4h0.02025−0.005%$1.5M$926K100xas long as short
BingX 4-USDTlong+0.0345%4h0.02025long leg$1.4M
Binance 4USDT+0.0365%4h0.02026+0.025%$7.9M$12.7M20xas long as short
Aster 4USDT+0.0384%4h0.02016−0.450%$242K$115K5xas long as short
Gate 4_USDT+0.0452%4h0.02025−0.015%$546K$289K20xas long as short
KuCoin 4USDTM+0.0812%4h0.02019−0.301%$847K$12.6M20xas long as short