Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Derive against Variational Omni+0.012%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 Derive

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CC	0.1172	0.0100	pay 0.0050% / 4h	3h 09m	$597K	$56K	—
Short	Derive CC-PERP	0.1172	0.0100	get 0.0013% / 1h	9m 11s	$6K	$33K	6.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now +0.012%Rate

Funding earned: $0
Price spread: +0.012% → 0.000%: $1.16
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Derive: 3 bp × 2 orders: −$6
Net: −$4.84
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 45 min ago; Derive: 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 Variational Omni RFQ quote, 45 min ago	8.52 bp	doesn't fit	374.8 bp −$3,748	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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.

CC on 19 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
MEXC CC_USDT	−0.0442%	4h	0.1172	+0.053%	$1.7M	$333K	100x	as long as short
Bybit CCUSDT	−0.0396%	4h	0.1173	+0.121%	$10.7M	$3.8M	25x	as long as short
Injective CC/USDC PERP	+0.0033%	1h	0.1180	+0.701%	$402	$3K	5.5x	as long as short
Paradex CC-USD-PERP	+0.0091%	8h	0.1174	+0.228%	$1K	—	5x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1173	+0.131%	$35K	$32K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1173	+0.087%	$11.0M	$11.8M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1174	+0.206%	$2.5M	$3.1M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1173	+0.070%	$364K	$210K	50x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1173	+0.138%	$484K	$104K	50x	as long as short
Bitget CCUSDT	+0.0100%	4h	0.1173	+0.095%	$919K	$770K	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CC-USDT	+0.0100%	4h	0.1173	+0.138%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1174	+0.198%	$15K	$22K	10x	as long as short
Variational Omni CClong	+0.0100%	4h	0.1172	long leg	$597K	$56K	—
GRVT CC_USDT_Perp	+0.0100%	4h	0.1175	+0.257%	$84K	$2.6M	10x	as long as short
Derive CC-PERPshort	+0.0100%	1h	0.1172	+0.012%	$6K	$33K	6.7x
Hyperliquid CC	+0.0200%	1h	0.1176	+0.334%	$5.5M	$1.3M	3x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1174	+0.189%	$596K	$98K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0449% / S −0.0241%	1h	0.1174	+0.150%	$44K	—	50x	as long as short
Lighter CC	+0.0824%	1h	0.1179	+0.616%	$252K	$169K	5x	as long as short