Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.020%

Price spread now: Variational Omni against GRVT+0.690%7-day average — · you sell dearer than you buy

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.690% dearer against GRVT than usual: you sell high and buy low, +$69 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	GRVT BASED_USDT_Perp	0.06763	0.0100	pay 0.0050% / 4h	1h 03m	$89K	$363K	10x
Short	Variational Omni BASED	0.06810	0.0100	get 0.0050% / 4h	1h 03m	$93K	$22K	—

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 +0.690%Rate

Funding earned: $0
Price spread: +0.690% → 0.000%: $68.97
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: $59.97
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: GRVT: 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 GRVT live order book, 14 min ago	278.82 bp	1273.8 bp −$1,274	doesn't fit	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 BASEDUSDT	+0.0100%	4h	0.06826	+0.930%	$4.2M	$3.0M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06818	+0.807%	$2.1M	$579K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06820	+0.836%	$2.6M	$3.5M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06818	+0.807%	$542K	$534K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06824	+0.896%	$4.8M	$647K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06812	+0.718%	$571K	$105K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06821	+0.851%	$1.3M	$363K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06822	+0.866%	—	$1.6M	—	as long as short
Variational Omni BASEDshort	+0.0100%	4h	0.06810	+0.690%	$93K	$22K	—
GRVT BASED_USDT_Perplong	+0.0100%	4h	0.06763	long leg	$89K	$363K	10x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BASED-USDT	+0.0100%	4h	0.06819	+0.822%	$1K	$816K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06825	+0.910%	$5K	$226K	5x	as long as short
BloFin BASED-USDT	+0.0144%	4h	0.06822	+0.866%	$252K	$38K	25x	as long as short
Aster BASEDUSDT	+0.0247%	4h	0.06820	+0.843%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0352%	4h	0.06826	+0.925%	$3K	$652	10x	as long as short