Settings8H · net · $10k
Funding arb · Price arb /

DRIFT

all DRIFT markets
SwapBacktest
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: Variational Omni against Binance+0.069%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno 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: Variational Omni is 0.069% dearer against Binance than usual: you sell high and buy low, +$7 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance DRIFTUSDT0.017420.0100pay 0.0050% / 4h2h 10m$2.3M$6.8M20x
ShortVariational Omni DRIFT0.017430.0100get 0.0050% / 4h2h 10m$23K$6K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Binance. 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

Funding earned
$0
Price spread: +0.069% → 0.000%
$6.86
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$3.14
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Binance: live order book, 14 min ago; Variational Omni: 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
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 14 min ago2.87 bp40.0 bp −$40522.6 bp −$5,226doesn't fitdoesn't fit
Sell Variational Omni no order-book sample
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.

DRIFT on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective DRIFT/USDC PERP+0.0033%1h0.01591−8.668%$9K5.5xas long as short
Binance DRIFTUSDTlong+0.0100%4h0.01742long leg$2.3M$6.8M20x
Bybit DRIFTUSDT+0.0100%4h0.01740−0.115%$2.3M$2.9M20xas long as short
Gate DRIFT_USDT+0.0100%4h0.017420.000%$124K$240K10xas long as short
MEXC DRIFT_USDT+0.0100%4h0.01741−0.057%$412K$172K20xas long as short
KuCoin DRIFTUSDTM+0.0100%4h0.01739−0.172%$684K$128K20xas long as short
Bitget DRIFTUSDT+0.0100%4h0.017420.000%$537K$364K10xas long as short
BingX DRIFT-USDT+0.0100%4h0.017420.000%$6.6Mas long as short
Variational Omni DRIFTshort+0.0100%4h0.01743+0.069%$23K$6K