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: Gate against Variational Omni+0.430%7-day average +0.113% · you sell dearer than you buy

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

Long on Variational Omni Short on Gate

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 3 days (all we have)−0.018%−$2 · spread now +0.430%, 7d avg +0.113%

Together, before fees+0.055%+ Points / potential airdropVariational Omni: Active · farm board+$6 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: Gate is 0.316% dearer against Variational Omni than usual: you sell high and buy low, +$32 on $10k if it goes back to its 7-day average of +0.113%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AR	4.5863	0.0100	pay 0.0100% / 8h	7h 49m	$143K	$171K	—
Short	Gate AR_USDT	4.6060	0.0100	get 0.0100% / 8h	7h 49m	$2.6M	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.430%Rate

Funding earned: $0
Price spread: +0.430% → +0.113%: $31.63
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $16.63
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 24 min ago; Gate: live order book, 3 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, 24 min ago	5.95 bp	doesn't fit	148.7 bp −$1,487	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	3.26 bp	80.2 bp −$80	248.8 bp −$2,488	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	−0.2403%	1h	4.5951	+0.191%	$52K	$160K	20x	as long as short
ApeX Omni ARUSDT	−0.0268%	1h	4.6040	+0.386%	$22K	$763K	50x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.6050	+0.407%	$592K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0119%	8h	4.6020	+0.343%	$2.4M	$20.6M	20x	as long as short
Binance ARUSDT	−0.0009%	8h	4.6061	+0.432%	$9.2M	$54.9M	75x	as long as short
Extended AR-USD	−0.0008%	1h	4.6053	+0.414%	$44K	$249K	10x	as long as short
MEXC AR_USDT	−0.0006%	8h	4.6070	+0.452%	$6.7M	$4.4M	100x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	−0.312%	$3K	$239	5.5x	as long as short
Bybit ARUSDT	+0.0052%	8h	4.6025	+0.353%	$4.6M	$8.7M	75x	as long as short
BloFin AR-USDT	+0.0088%	8h	4.5880	+0.037%	$440K	$608K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid AR	+0.0100%	1h	4.6129	+0.580%	$4.2M	$4.8M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5995	+0.288%	$20K	$596K	10x	as long as short
Gate AR_USDTshort	+0.0100%	8h	4.6060	+0.430%	$2.6M	$2.2M	50x
KuCoin ARUSDTM	+0.0100%	8h	4.6040	+0.386%	$1.4M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.6030	+0.364%	$4.0M	$5.6M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.6090	+0.495%	—	$2.9M	—	as long as short
Variational Omni ARlong	+0.0100%	8h	4.5863	long leg	$143K	$171K	—