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 0.000%

Price spread now: KuCoin against Variational Omni−0.039%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 KuCoin

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: KuCoin is 0.039% cheaper against Variational Omni than usual: you would sell low and buy high, −$4 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	0.06718	0.0100	pay 0.0050% / 4h	3h 00m	$92K	$21K	—
Short	KuCoin BASEDUSDTM	0.06715	0.0100	get 0.0050% / 4h	3h 00m	$566K	$109K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.039%Rate

Funding earned: $0
Price spread: −0.039% → 0.000%: −$3.87
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$15.87
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; KuCoin: live order book, 22 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 KuCoin live order book, 22 min ago	13.40 bp	403.6 bp −$404	912.6 bp −$9,126	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	0.06725	+0.104%	$28K	$6K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06723	+0.080%	$4.1M	$2.9M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06712	−0.083%	$2.1M	$575K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06710	−0.113%	$2.6M	$3.3M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06716	−0.024%	$535K	$519K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06722	+0.065%	$4.8M	$648K	50x	as long as short
KuCoin BASEDUSDTMshort	+0.0100%	4h	0.06715	−0.039%	$566K	$109K	20x
Bitget BASEDUSDT	+0.0100%	4h	0.06721	+0.051%	$1.3M	$371K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06718	+0.006%	—	$1.6M	—	as long as short
Variational Omni BASEDlong	+0.0100%	4h	0.06718	long leg	$92K	$21K	—

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	0.06728	+0.160%	$93K	$379K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06720	+0.036%	$1K	$791K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06723	+0.084%	$5K	$226K	5x	as long as short
BloFin BASED-USDT	+0.0130%	4h	0.06729	+0.170%	$252K	$37K	25x	as long as short
Orderly PERP_BASED_USDC	+0.0231%	4h	0.06727	+0.140%	$3K	$745	10x	as long as short