Funding arb · Price arb /

AKE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0111%/8h= −12.1% APRpaid last 24h +0.038%

Price spread now: Variational Omni against BingX−4.170%7-day average +0.774% · you buy dearer than you sell

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

Long on BingX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.540%+$54 on $10k

Price spread, last 4 days (all we have)+7.670%+$767 · spread now −4.170%, 7d avg +0.774%

Together, before fees+8.210%+ Points / potential airdropVariational Omni: Active · farm board+$821 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Variational Omni is 4.943% cheaper against BingX than usual: you would sell low and buy high (−$494 if the spread goes back to its 7-day average of +0.774%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.540%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AKE-USDT	0.05705	0.0452	pay 0.0226% / 4h	57m 09s	—	$11.0M	—
Short	Variational Omni AKE	0.05467	0.0341	get 0.0043% / 1h	57m 09s	$166K	$676K	—

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

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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 BingXbpFee Variational OmnibpOrdersPrice spread, now −4.170%Rate

Funding earned: −$23.21
Price spread: −4.170% → +0.774%: −$494.34
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$527.55
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 11 min ago; Variational Omni: RFQ quote, 67 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 BingX live order book, 11 min ago	0.93 bp	15.6 bp −$16	69.6 bp −$696	444.5 bp −$44.4K	doesn't fit
Sell Variational Omni RFQ quote, 67 min ago	4.31 bp	doesn't fit	62.9 bp −$629	doesn't fit	doesn't fit

AKE on 14 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
Aster AKEUSDT	+0.0100%	1h	0.05724	+0.325%	$682K	$3.7M	5x	as long as short
SunX AKE-USDT	+0.0100%	4h	0.05711	+0.102%	—	$739K	10x	as long as short
HTX AKE-USDT	+0.0100%	4h	0.05722	+0.291%	$171K	$1.7M	10x	as long as short
Bitget AKEUSDT	+0.0190%	4h	0.05733	+0.486%	$2.2M	$44.2M	10x	as long as short
edgeX 1000AKEUSDC	+0.0327%	4h	0.05467	−4.179%	$239K	$1.3M	5x	as long as short
Variational Omni AKEshort	+0.0341%	1h	0.05467	−4.170%	$166K	$676K	—
MEXC AKE_USDT	+0.0394%	4h	0.05721	+0.275%	$14.9M	$34.9M	20x	as long as short
Gate AKE_USDT	+0.0398%	4h	0.05706	+0.012%	$5.5M	$82.7M	25x	as long as short
KuCoin AKEUSDTM	+0.0402%	4h	0.05713	+0.144%	$8.3M	$43.3M	10x	as long as short
Binance AKEUSDT	+0.0408%	4h	0.05718	+0.223%	$29.3M	$497.1M	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended AKE-USD	+0.0408%	1h	0.05709	+0.070%	$78K	$286K	5x	as long as short
BingX AKE-USDTlong	+0.0452%	4h	0.05705	long leg	—	$11.0M	—
OKX AKE-USDT-SWAP	+0.0466%	4h	0.05733	+0.491%	$5.0M	$471.4M	20x	as long as short
Bybit AKEUSDT	+1.2361%	1h	0.05733	+0.492%	$18.0M	$180.3M	25x	as long as short