Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Variational Omni against GRVT−0.006%59s7-day average — · you buy dearer than you sell

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

Long on GRVT Short on Variational Omni

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 airdropGRVT: Active · Variational Omni: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT AXS_USDT_Perp	1.0700	0.0100	pay 0.0050% / 4h	28m 32s	$760K	$899K	10x
Short	Variational Omni AXS	1.0699	0.0100	get 0.0100% / 8h	4h 28m	$36K	$2K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against GRVT. 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 GRVTbpFee Variational OmnibpOrdersPrice spread, now −0.006%Rate

Funding earned: $0
Price spread: −0.006% → 0.000%: −$0.57
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$9.57
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 29 min ago; Variational Omni: 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 GRVT live order book, 29 min ago	4.69 bp	22.0 bp −$22	224.1 bp −$2,241	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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.

AXS on 20 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
Injective AXS/USDC PERP	+0.0033%	1h	1.0720	+0.189%	$5	$47K	5.5x	as long as short
BloFin AXS-USDT	+0.0044%	4h	1.0704	+0.040%	$275K	$24K	75x	as long as short
Orderly PERP_AXS_USDC	+0.0093%	4h	1.0710	+0.096%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0731	+0.292%	$33K	$41K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0710	+0.096%	$258K	$309K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0707	+0.070%	$73K	$14K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0707	+0.070%	$6.1M	$10.3M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0721	+0.199%	$3.7M	$4.2M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0701	+0.012%	$1.4M	$2.9M	20x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0703	+0.030%	$852K	$900K	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AXS_USDT	+0.0100%	4h	1.0705	+0.049%	$11.4M	$669K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0700	+0.002%	$600K	$298K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0710	+0.096%	$3.1M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0712	+0.115%	—	$2.6M	—	as long as short
Variational Omni AXSshort	+0.0100%	8h	1.0699	−0.006%	$36K	$2K	—
GRVT AXS_USDT_Perplong	+0.0100%	4h	1.0700	long leg	$760K	$899K	10x
SunX AXS-USDT	+0.0100%	4h	1.0717	+0.161%	$2K	$1.3M	20x	as long as short
SoDEX AXS-USD	+0.0100%	1h	1.0711	+0.105%	$751	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0704	+0.042%	$10K	$244K	10x	as long as short
Kraken Futures PF_AXSUSD	+0.0438%	1h	1.0724	+0.226%	$139K	$341K	20x	as long as short