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: BingX against Variational Omni−0.212%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on BingX

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: BingX is 0.212% cheaper against Variational Omni than usual: you would sell low and buy high, −$21 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	0.06814	0.0100	pay 0.0050% / 4h	2h 53m	$94K	$18K	—
Short	BingX BASED-USDT	0.06800	0.0100	get 0.0050% / 4h	2h 53m	—	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.212%Rate

Funding earned: $0
Price spread: −0.212% → 0.000%: −$21.2
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$31.2
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; BingX: live order book, 9 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 BingX live order book, 9 min ago	5.11 bp	22.6 bp −$23	82.7 bp −$827	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
Binance BASEDUSDT	+0.0100%	4h	0.06813	−0.024%	$4.2M	$3.1M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06796	−0.271%	$2.1M	$624K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06812	−0.036%	$2.6M	$3.7M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06793	−0.315%	$537K	$544K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06810	−0.065%	$4.9M	$626K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06797	−0.256%	$570K	$65K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06810	−0.065%	$1.3M	$369K	25x	as long as short
BingX BASED-USDTshort	+0.0100%	4h	0.06800	−0.212%	—	$1.7M	—
Variational Omni BASEDlong	+0.0100%	4h	0.06814	long leg	$94K	$18K	—
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06810	−0.065%	$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	−0.095%	$1K	$857K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06809	−0.086%	$4K	$199K	5x	as long as short
BloFin BASED-USDT	+0.0156%	4h	0.06797	−0.256%	$255K	$41K	25x	as long as short
Orderly PERP_BASED_USDC	+0.0267%	4h	0.06806	−0.124%	$3K	$1K	10x	as long as short
Aster BASEDUSDT	+0.0317%	4h	0.06798	−0.245%	$29K	$6K	5x	as long as short