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 +0.013%

Price spread now: Variational Omni against Gate−0.833%7-day average −0.107% · you buy dearer than you sell

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

Long on Gate Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.073%−$7 on $10k

Price spread, last 4 days (all we have)+0.926%+$93 · spread now −0.833%, 7d avg −0.107%

Together, before fees+0.853%+ Points / potential airdropVariational Omni: Active · farm board+$85 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 0.726% cheaper against Gate than usual: you would sell low and buy high, −$73 on $10k if it goes back to its 7-day average of −0.107%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AR_USDT	4.5530	0.0100	pay 0.0100% / 8h	5h 22m	$2.6M	$2.0M	50x
Short	Variational Omni AR	4.5151	0.0100	get 0.0100% / 8h	5h 22m	$234K	$256K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Gate. 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 GatebpFee Variational OmnibpOrdersPrice spread, now −0.833%Rate

Funding earned: $0
Price spread: −0.833% → −0.107%: −$72.62
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$87.62
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 5 min ago; Variational Omni: RFQ quote, 41 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 Gate live order book, 5 min ago	5.54 bp	69.6 bp −$70	309.2 bp −$3,092	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 41 min ago	4.91 bp	doesn't fit	146.1 bp −$1,461	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
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.5507	−0.050%	$584K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0063%	8h	4.5520	−0.022%	$2.3M	$18.9M	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5290	−0.527%	$548	$3K	5.5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5477	−0.115%	$19K	$492K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.5553	+0.050%	$9.1M	$51.3M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.5566	+0.079%	$4.7M	$8.4M	75x	as long as short
Gate AR_USDTlong	+0.0100%	8h	4.5530	long leg	$2.6M	$2.0M	50x
MEXC AR_USDT	+0.0100%	8h	4.5550	+0.044%	$6.5M	$4.3M	100x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.5510	−0.044%	$1.2M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.5520	−0.022%	$4.0M	$5.3M	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	4.5530	0.000%	—	$2.8M	—	as long as short
Variational Omni ARshort	+0.0100%	8h	4.5151	−0.833%	$234K	$256K	—
ApeX Omni ARUSDT	+0.0100%	1h	4.5150	−0.835%	$20K	$725K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.5524	−0.013%	$37K	$235K	10x	as long as short
Hyperliquid AR	+0.0152%	1h	4.5506	−0.053%	$4.1M	$4.5M	5x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.5440	−0.198%	$436K	$497K	20x	as long as short
Kraken Futures PF_ARUSD	+0.1922%	1h	4.5496	−0.074%	$56K	$148K	20x	as long as short