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: BingX against Variational Omni+0.217%7-day average +0.097% · you sell dearer than you buy

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

Long on Variational Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.136%+$14 on $10k

Price spread, last 4 days (all we have)−0.224%−$22 · spread now +0.217%, 7d avg +0.097%

Together, before fees−0.088%+ Points / potential airdropVariational Omni: Active · farm board−$9 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: BingX is 0.120% dearer against Variational Omni than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.097%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AR	4.5012	0.0100	pay 0.0100% / 8h	5h 45m	$234K	$258K	—
Short	BingX AR-USDT	4.5110	0.0100	get 0.0100% / 8h	5h 45m	—	$2.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Variational Omni. 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 Variational OmnibpFee BingXbpOrdersPrice spread, now +0.217%Rate

Funding earned: $0
Price spread: +0.217% → +0.097%: $12
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: $2
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 19 min ago; BingX: live order book, 4 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 RFQ quote, 19 min ago	4.91 bp	doesn't fit	146.8 bp −$1,468	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	4.44 bp	21.5 bp −$21	44.0 bp −$440	282.9 bp −$28.3K	721.0 bp −$360.5K

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	4.5169	+0.348%	$581K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0101%	8h	4.5160	+0.329%	$2.3M	$18.9M	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5290	+0.617%	$548	$3K	5.5x	as long as short
Extended AR-USD	+0.0088%	1h	4.5132	+0.267%	$37K	$239K	10x	as long as short
MEXC AR_USDT	+0.0089%	8h	4.5170	+0.351%	$6.3M	$4.2M	100x	as long as short
Binance ARUSDT	+0.0089%	8h	4.5156	+0.319%	$9.0M	$51.6M	75x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5232	+0.488%	$4.1M	$4.5M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5110	+0.217%	$19K	$500K	10x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.5150	+0.306%	$4.7M	$8.4M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.5090	+0.173%	$2.5M	$1.9M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ARUSDTM	+0.0100%	8h	4.5120	+0.240%	$1.2M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.5110	+0.217%	$3.9M	$5.3M	75x	as long as short
BingX AR-USDTshort	+0.0100%	8h	4.5110	+0.217%	—	$2.8M	—
Variational Omni ARlong	+0.0100%	8h	4.5012	long leg	$234K	$258K	—
ApeX Omni ARUSDT	+0.0100%	1h	4.5090	+0.173%	$20K	$725K	50x	as long as short
BloFin AR-USDT	+0.0209%	8h	4.5130	+0.262%	—	$497K	20x	as long as short
Kraken Futures PF_ARUSD	+0.1933%	1h	4.5232	+0.488%	$55K	$149K	20x	as long as short