Funding arb · Price arb /

BLESS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.020%

Price spread now: Bybit against Variational Omni+0.034%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 Bybit

What this pair did over the last

the charts below follow

Funding, last 4 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: Bybit is 0.034% dearer against Variational Omni than usual: you sell high and buy low, +$3 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 BLESS	0.009327	0.0100	pay 0.0050% / 4h	3h 34m	$8K	$722	—
Short	Bybit BLESSUSDT	0.009330	0.0100	get 0.0050% / 4h	3h 34m	$2.6M	$558K	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.034%Rate

Funding earned: $0
Price spread: +0.034% → 0.000%: $3.36
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$7.64
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; Bybit: live order book, 3 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 Bybit live order book, 3 min ago	1.61 bp	173.9 bp −$174	doesn't fit	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.

BLESS on 12 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
GRVT BLESS_USDT_Perp	0.0000%	4h	0.007339	−21.310%	$228K	$3K	10x	as long as short
Bybit BLESSUSDTshort	+0.0100%	4h	0.009330	+0.034%	$2.6M	$558K	13x
KuCoin BLESSUSDTM	+0.0100%	4h	0.009305	−0.234%	$2.4M	$221K	40x	as long as short
Variational Omni BLESSlong	+0.0100%	4h	0.009327	long leg	$8K	$722	—
SunX BLESS-USDT	+0.0100%	4h	0.009262	−0.695%	$2K	$758K	20x	as long as short
Bitget BLESSUSDT	+0.0106%	4h	0.009329	+0.023%	$2.8M	$722K	10x	as long as short
Gate BLESS_USDT	+0.0168%	4h	0.009324	−0.031%	$875K	$781K	20x	as long as short
BloFin BLESS-USDT	+0.0278%	4h	0.009342	+0.162%	$465K	$170K	40x	as long as short
Binance BLESSUSDT	+0.0300%	4h	0.009343	+0.173%	$4.5M	$3.7M	40x	as long as short
MEXC BLESS_USDT	+0.0304%	4h	0.009343	+0.173%	$7.3M	$653K	100x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BLESS-USDT	+0.0308%	4h	0.009337	+0.109%	—	$6.7M	—	as long as short
Aster BLESSUSDT	+0.0484%	4h	0.009332	+0.055%	$49K	$58K	5x	as long as short