Funding arb · Price arb /

ATH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0295%/8h= +32.3% APRpaid last 24h +0.047%

Price spread now: dYdX against Variational Omni+0.445%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and dYdX is 0.445% dearer against Variational Omni than usual: you sell high and buy low: +$44 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ATH	0.005515	−0.0295	get 0.0148% / 4h	2h 51m	$185K	$94K	—
Short	dYdX ATH-USD	0.005540	0	get 0.0000% / 1h	51m 23s	$11K	$16	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.445%Rate

Funding earned: $61.98
Price spread: +0.445% → 0.000%: $44.47
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: $96.45
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 37 min ago; dYdX: no order-book sample. 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, 37 min ago	8.15 bp	doesn't fit	256.1 bp −$2,561	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ATH on 13 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_ATHUSD	−0.3548%	1h	0.005520	+0.086%	$20K	$107K	10x	as long as short
Variational Omni ATHlong	−0.0295%	4h	0.005515	long leg	$185K	$94K	—
OKX ATH-USDT-SWAP	−0.0020%	4h	0.005527	+0.209%	$708K	$1.2M	20x	as long as short
dYdX ATH-USDshort	0.0000%	1h	0.005540	+0.445%	$11K	$16	5x
Aster ATHUSDT	+0.0100%	4h	0.005530	+0.270%	$6K	$34K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005539	+0.430%	$3.4M	$3.8M	50x	as long as short
Bybit ATHUSDT	+0.0100%	4h	0.005530	+0.263%	$4.5M	$2.3M	25x	as long as short
Gate ATH_USDT	+0.0100%	4h	0.005522	+0.118%	$791K	$522K	30x	as long as short
MEXC ATH_USDT	+0.0100%	4h	0.005540	+0.445%	$8.8M	$660K	50x	as long as short
KuCoin ATHUSDTM	+0.0100%	4h	0.005518	+0.046%	$554K	$84K	30x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ATHUSDT	+0.0100%	4h	0.005536	+0.372%	$1.5M	$793K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005533	+0.318%	—	$21.8M	—	as long as short
BloFin ATH-USDT	+0.0151%	4h	0.005535	+0.354%	$172K	$58K	75x	as long as short