Funding arb · Price arb /

ALGO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0197%/8h= +21.5% APRpaid last 24h +0.001%

Price spread now: Extended against Variational Omni−0.073%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 Extended

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 · Extended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.073% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.073% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 30 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ALGO	0.1124	−0.0093	get 0.0093% / 8h	27m 49s	$62K	$13K	—
Short	Extended ALGO-USD	0.1124	0.0104	get 0.0013% / 1h	27m 49s	$7K	$210K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.073%Rate

Funding earned: $41.28
Price spread: −0.073% → 0.000%: −$7.33
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $28.95
Costs to cover: 0.050%
Break-even: 2.1 days

Slippage unknown: Variational Omni: no order-book sample; Extended: live order book, 49 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 Extended live order book, 49 min ago	1.03 bp	13.3 bp −$13	100.8 bp −$1,008	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.

ALGO on 22 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
Deribit ALGO_USDC-PERPETUAL	−0.0727%	1h	0.1125	+0.020%	$102K	$50K	25x	as long as short
Kraken Futures PF_ALGOUSD	−0.0157%	1h	0.1125	+0.030%	$836K	$1.1M	50x	as long as short
Bybit ALGOUSDT	−0.0125%	8h	0.1124	−0.069%	$11.3M	$12.0M	75x	as long as short
Coinbase International ALGO-PERP-INTX	−0.0112%	1h	0.1130	+0.501%	$62K	$303K	50x	as long as short
Variational Omni ALGOlong	−0.0093%	8h	0.1124	long leg	$62K	$13K	—
gTrade (Gains Network) ALGO/USD	L +0.0001% / S +0.0003%	1h	0.1126	+0.126%	$6K	—	150x	as long as short
Injective ALGO/USDC PERP	+0.0026%	1h	0.1120	−0.389%	$834	$233K	12x	as long as short
Hyperliquid ALGO	+0.0100%	1h	0.1126	+0.163%	$3.8M	$1.9M	5x	as long as short
Aster ALGOUSDT	+0.0100%	8h	0.1126	+0.145%	$44K	$35K	5x	as long as short
Binance ALGOUSDT	+0.0100%	8h	0.1124	−0.062%	$10.0M	$34.8M	75x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ALGO-USDT-SWAP	+0.0100%	8h	0.1124	−0.042%	$3.0M	$7.7M	50x	as long as short
Gate ALGO_USDT	+0.0100%	8h	0.1124	+0.012%	$887K	$835K	50x	as long as short
MEXC ALGO_USDT	+0.0100%	8h	0.1124	−0.033%	$23.0M	$2.9M	200x	as long as short
KuCoin ALGOUSDTM	+0.0100%	8h	0.1125	+0.038%	$3.6M	$1.5M	50x	as long as short
Bitget ALGOUSDT	+0.0100%	8h	0.1124	−0.033%	$5.7M	$3.5M	75x	as long as short
BingX ALGO-USDT	+0.0100%	8h	0.1124	−0.033%	—	$3.3M	—	as long as short
HTX ALGO-USDT	+0.0100%	8h	0.1124	+0.003%	$66K	$107K	75x	as long as short
Phemex ALGOUSDT	+0.0100%	8h	0.1128	+0.323%	$3.8M	$1.8M	50x	as long as short
Extended ALGO-USDshort	+0.0104%	1h	0.1124	−0.073%	$7K	$210K	10x
BloFin ALGO-USDT	+0.0220%	8h	0.1125	+0.074%	$495K	$796K	75x	as long as short
GMX ALGO/USD [WBTC.b-USDC]	L +0.0322% / S −0.0313%	1h	0.1125	+0.099%	$7K	—	100x	as long as short
dYdX ALGO-USD	+0.1402%	1h	0.1126	+0.136%	$161K	$3K	5x	as long as short