Funding arb · Price arb /

CC

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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: OKX against Variational Omni+0.216%7-day average +0.052% · you sell dearer than you buy

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

Long on Variational Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.124%−$12 · spread now +0.216%, 7d avg +0.052%

Together, before fees−0.124%+ Points / potential airdropVariational Omni: Active · farm board−$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.164% dearer against Variational Omni than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CC	0.1175	0.0100	pay 0.0050% / 4h	34m 06s	$587K	$43K	—
Short	OKX CC-USDT-SWAP	0.1178	0.0100	get 0.0050% / 4h	34m 06s	$2.5M	$3.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.216%Rate

Funding earned: $0
Price spread: +0.216% → +0.052%: $16.39
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: $6.39
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 45 min ago; OKX: 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 RFQ quote, 45 min ago	8.61 bp	doesn't fit	413.4 bp −$4,134	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.43 bp	20.2 bp −$20	doesn't fit	doesn't fit	doesn't fit

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
Injective CC/USDC PERP	−0.3320%	1h	0.1156	−1.656%	$6K	$97	5.5x	as long as short
Paradex CC-USD-PERP	+0.0097%	8h	0.1177	+0.153%	$1K	—	5x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1178	+0.208%	$35K	$38K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1177	+0.099%	$11.1M	$11.1M	75x	as long as short
Bybit CCUSDT	+0.0100%	4h	0.1177	+0.148%	$10.7M	$3.8M	25x	as long as short
OKX CC-USDT-SWAPshort	+0.0100%	4h	0.1178	+0.216%	$2.5M	$3.5M	20x
Gate CC_USDT	+0.0100%	4h	0.1176	+0.029%	$363K	$214K	50x	as long as short
MEXC CC_USDT	+0.0100%	4h	0.1177	+0.122%	$1.6M	$314K	100x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1178	+0.224%	$499K	$115K	50x	as long as short
Bitget CCUSDT	+0.0100%	4h	0.1177	+0.122%	$939K	$787K	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	0.1177	+0.148%	—	$6.6M	—	as long as short
Variational Omni CClong	+0.0100%	4h	0.1175	long leg	$587K	$43K	—
GRVT CC_USDT_Perp	+0.0100%	4h	0.1179	+0.284%	$82K	$2.3M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1177	+0.138%	$6K	$36K	6.7x	as long as short
Backpack CC_USDC_PERP	+0.0259%	1h	0.1178	+0.190%	$15K	$22K	10x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1175	−0.023%	$588K	$107K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0447% / S −0.0241%	1h	0.1177	+0.171%	$44K	—	50x	as long as short
Hyperliquid CC	+0.0682%	1h	0.1180	+0.377%	$5.5M	$1.4M	3x	as long as short
Lighter CC	+0.1248%	1h	0.1181	+0.496%	$236K	$153K	5x	as long as short