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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Binance−0.317%7-day average — · you buy dearer than you sell

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

Long on Binance 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 airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.317% cheaper against Binance than usual: you would sell low and buy high, −$32 on $10k if it 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	Binance BASEDUSDT	0.06836	0.0100	pay 0.0050% / 4h	2h 52m	$4.2M	$3.1M	25x
Short	Variational Omni BASED	0.06814	0.0100	get 0.0050% / 4h	2h 52m	$94K	$18K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Binance. 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 BinancebpFee Variational OmnibpOrdersPrice spread, now −0.317%Rate

Funding earned: $0
Price spread: −0.317% → 0.000%: −$31.72
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$41.72
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 14 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 Binance live order book, 14 min ago	0.73 bp	23.3 bp −$23	112.9 bp −$1,129	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.

BASED on 15 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
Binance BASEDUSDTlong	+0.0100%	4h	0.06836	long leg	$4.2M	$3.1M	25x
Bybit BASEDUSDT	+0.0100%	4h	0.06825	−0.163%	$2.1M	$625K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06839	+0.042%	$2.6M	$3.7M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06800	−0.529%	$538K	$545K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06833	−0.046%	$4.9M	$626K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06821	−0.221%	$572K	$65K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06840	+0.057%	$1.3M	$370K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06806	−0.441%	—	$1.7M	—	as long as short
Variational Omni BASEDshort	+0.0100%	4h	0.06814	−0.317%	$94K	$18K	—
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06810	−0.382%	$97K	$382K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BASED-USDT	+0.0100%	4h	0.06808	−0.411%	$1K	$857K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06817	−0.282%	$4K	$199K	5x	as long as short
BloFin BASED-USDT	+0.0156%	4h	0.06797	−0.572%	$255K	$41K	25x	as long as short
Orderly PERP_BASED_USDC	+0.0267%	4h	0.06806	−0.441%	$3K	$1K	10x	as long as short
Aster BASEDUSDT	+0.0316%	4h	0.06804	−0.469%	$29K	$6K	5x	as long as short