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 −0.018%

Price spread now: Variational Omni against KuCoin−0.030%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 KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.180%−$18 on $10k

Price spread, last 4 days (all we have)−0.201%−$20 · spread now −0.030%, 7d avg −0.107%

Together, before fees−0.381%+ Points / potential airdropVariational Omni: Active · farm board−$38 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 0.077% dearer against KuCoin than usual: you sell high and buy low, +$8 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	KuCoin ARUSDTM	4.3730	0.0100	pay 0.0100% / 8h	3h 10m	$1.1M	$1.3M	50x
Short	Variational Omni AR	4.3717	0.0100	get 0.0100% / 8h	3h 10m	$232K	$414K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against KuCoin. 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 KuCoinbpFee Variational OmnibpOrdersPrice spread, now −0.030%Rate

Funding earned: $0
Price spread: −0.030% → −0.107%: $7.66
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$4.34
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 5 min ago; Variational Omni: RFQ quote, 43 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 KuCoin live order book, 5 min ago	5.70 bp	95.3 bp −$95	833.0 bp −$8,330	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 43 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	−0.1234%	1h	4.3711	−0.044%	$59K	$143K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.3749	+0.044%	$563K	—	50x	as long as short
Aster ARUSDT	+0.0100%	8h	4.3754	+0.055%	$30K	$467K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.3756	+0.060%	$8.6M	$50.3M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.3724	−0.014%	$4.4M	$8.5M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.3760	+0.069%	$2.2M	$17.3M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.3750	+0.046%	$2.4M	$1.9M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.3730	0.000%	$6.0M	$4.2M	100x	as long as short
KuCoin ARUSDTMlong	+0.0100%	8h	4.3730	long leg	$1.1M	$1.3M	50x
Bitget ARUSDT	+0.0100%	8h	4.3710	−0.046%	$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	4.3740	+0.023%	—	$2.8M	—	as long as short
Variational Omni ARshort	+0.0100%	8h	4.3717	−0.030%	$232K	$414K	—
ApeX Omni ARUSDT	+0.0100%	1h	4.3870	+0.320%	$19K	$712K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.3740	+0.023%	$36K	$237K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.3830	+0.229%	$416K	$471K	20x	as long as short
Hyperliquid AR	+0.0261%	1h	4.3772	+0.096%	$3.7M	$4.4M	5x	as long as short
Injective AR/USDC PERP	+0.0433%	1h	4.4240	+1.166%	$2K	$5K	5.5x	as long as short