Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%

Price spread now: Variational Omni against Aster−0.835%7-day average −0.142% · you buy dearer than you sell

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

Long on Aster Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.131%−$13 on $10k

Price spread, last 4 days (all we have)+0.598%+$60 · spread now −0.835%, 7d avg −0.142%

Together, before fees+0.467%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board+$47 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.693% cheaper against Aster than usual: you would sell low and buy high, −$69 on $10k if it goes back to its 7-day average of −0.142%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ARUSDT	4.3667	0.0100	pay 0.0100% / 8h	3h 34m	$31K	$467K	10x
Short	Variational Omni AR	4.3302	0.0100	get 0.0100% / 8h	3h 34m	$152K	$335K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aster. 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 AsterbpFee Variational OmnibpOrdersPrice spread, now −0.835%Rate

Funding earned: $0
Price spread: −0.835% → −0.142%: −$69.27
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$77.27
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 18 min ago; Variational Omni: RFQ quote, 19 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 Aster live order book, 18 min ago	11.30 bp	35.0 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 19 min ago	4.98 bp	doesn't fit	145.0 bp −$1,450	doesn't fit	doesn't fit

AR 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
Kraken Futures PF_ARUSD	−0.1236%	1h	4.3643	−0.055%	$59K	$148K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.3675	+0.018%	$562K	—	50x	as long as short
Aster ARUSDTlong	+0.0100%	8h	4.3667	long leg	$31K	$467K	10x
Binance ARUSDT	+0.0100%	8h	4.3720	+0.122%	$8.5M	$50.4M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.3723	+0.128%	$4.5M	$8.5M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.3730	+0.144%	$2.2M	$17.4M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.3650	−0.039%	$2.4M	$1.9M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.3720	+0.122%	$6.0M	$4.2M	100x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.3710	+0.099%	$1.1M	$1.3M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.3710	+0.099%	$3.8M	$5.2M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AR-USDT	+0.0100%	8h	4.3650	−0.039%	—	$2.8M	—	as long as short
Variational Omni ARshort	+0.0100%	8h	4.3302	−0.835%	$152K	$335K	—
ApeX Omni ARUSDT	+0.0100%	1h	4.3450	−0.497%	$19K	$715K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.3665	−0.005%	$36K	$237K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.3690	+0.053%	$419K	$465K	20x	as long as short
Hyperliquid AR	+0.0349%	1h	4.3738	+0.163%	$3.7M	$4.4M	5x	as long as short
Injective AR/USDC PERP	+0.0433%	1h	4.4240	+1.312%	$2K	$5K	5.5x	as long as short