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: Bitget against Variational Omni−0.344%7-day average +0.067% · you buy dearer than you sell

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

Long on Variational Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.180%+$18 on $10k

Price spread, last 4 days (all we have)+0.322%+$32 · spread now −0.344%, 7d avg +0.067%

Together, before fees+0.502%+ Points / potential airdropVariational Omni: Active · farm board+$50 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: Bitget is 0.410% cheaper against Variational Omni than usual: you would sell low and buy high, −$41 on $10k if it goes back to its 7-day average of +0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AR	4.5316	0.0100	pay 0.0100% / 8h	4h 57m	$235K	$242K	—
Short	Bitget ARUSDT	4.5160	0.0100	get 0.0100% / 8h	4h 57m	$4.0M	$5.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.344%Rate

Funding earned: $0
Price spread: −0.344% → +0.067%: −$41.04
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$53.04
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Bitget: live order book, 1 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, 2 min ago	4.91 bp	doesn't fit	147.9 bp −$1,479	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	4.43 bp	25.1 bp −$25	109.7 bp −$1,097	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	4.5191	−0.276%	$581K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0028%	8h	4.5150	−0.366%	$2.3M	$18.4M	20x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5243	−0.160%	$4.1M	$4.5M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5148	−0.371%	$27K	$485K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.5170	−0.322%	$8.9M	$50.5M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.5180	−0.299%	$4.6M	$8.2M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.5180	−0.299%	$2.5M	$1.9M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.5170	−0.322%	$6.4M	$4.2M	100x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.5150	−0.366%	$1.2M	$1.2M	50x	as long as short
Bitget ARUSDTshort	+0.0100%	8h	4.5160	−0.344%	$4.0M	$5.2M	75x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AR-USDT	+0.0100%	8h	4.5220	−0.211%	—	$2.8M	—	as long as short
Variational Omni ARlong	+0.0100%	8h	4.5316	long leg	$235K	$242K	—
ApeX Omni ARUSDT	+0.0100%	1h	4.5320	+0.009%	$20K	$722K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.5149	−0.368%	$37K	$235K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.5190	−0.277%	$433K	$490K	20x	as long as short
Kraken Futures PF_ARUSD	+0.0688%	1h	4.5136	−0.396%	$61K	$160K	20x	as long as short
Injective AR/USDC PERP	+0.0854%	1h	4.5290	−0.057%	$548	$3K	5.5x	as long as short