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: Binance against Variational Omni+0.187%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 Binance

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: Binance is 0.187% dearer against Variational Omni than usual: you sell high and buy low, +$19 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	Variational Omni BASED	0.06810	0.0100	pay 0.0050% / 4h	6m 55s	$94K	$15K	—
Short	Binance BASEDUSDT	0.06823	0.0100	get 0.0050% / 4h	6m 55s	$4.2M	$3.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.187%Rate

Funding earned: $0
Price spread: +0.187% → 0.000%: $18.74
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: $8.74
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; Binance: live order book, 15 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 no order-book sample	—	—	—	—	—
Sell Binance live order book, 15 min ago	0.73 bp	22.9 bp −$23	106.8 bp −$1,068	doesn't fit	doesn't fit

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
Aster BASEDUSDT	+0.0100%	4h	0.06822	+0.171%	$29K	$6K	5x	as long as short
Binance BASEDUSDTshort	+0.0100%	4h	0.06823	+0.187%	$4.2M	$3.1M	25x
Bybit BASEDUSDT	+0.0100%	4h	0.06808	−0.033%	$2.1M	$706K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06820	+0.143%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06818	+0.114%	$535K	$599K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06826	+0.231%	$4.9M	$596K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06816	+0.085%	$578K	$72K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06825	+0.217%	$1.3M	$370K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06815	+0.070%	—	$1.7M	—	as long as short
Variational Omni BASEDlong	+0.0100%	4h	0.06810	long leg	$94K	$15K	—

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06782	−0.422%	$95K	$382K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06820	+0.143%	$1K	$901K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06823	+0.189%	$2K	$201K	5x	as long as short
BloFin BASED-USDT	+0.0133%	4h	0.06827	+0.246%	$258K	$47K	25x	as long as short
Orderly PERP_BASED_USDC	+0.0284%	4h	0.06818	+0.114%	$3K	$664	10x	as long as short