Funding arb · Price arb /

FLOKI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0049%/8h= −5.4% APRpaid last 24h +0.004%

Price spread now: Variational Omni against GMX+2.823%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Variational Omni

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

The price spread pays, funding is against you. Variational Omni is 2.823% dearer against GMX than usual: you sell high and buy low (spread +2.823% now, against zero (this spread has no 7-day history yet)): +$282 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX FLOKI/USD [WBTC.b-USDC]	0.00002800	L +0.0149% / S −0.0038%	pay 0.0019% / 1h	40m 22s	$2K	—	100x
Short	Variational Omni 1000FLOKI	0.00002879	0.0100	get 0.0100% / 8h	2h 40m	$64K	$61K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against GMX. 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 GMXbpFee Variational OmnibpOrdersPrice spread, now +2.823%Rate

Funding earned: −$10.33
Price spread: +2.823% → 0.000%: $282.33
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $260.01
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy GMX no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

GMX and 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.

FLOKI 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
gTrade (Gains Network) FLOKI/USD	L +0.0005% / S −0.0004%	1h	0.00002876	+2.729%	—	—	150x	as long as short
Injective FLOKI/USDC PERP	+0.0033%	1h	0.00002777	−0.836%	$22	$565	5.5x	as long as short
Lighter 1000FLOKI	+0.0096%	1h	0.00002876	+2.707%	$43K	$17K	5x	as long as short
Hyperliquid kFLOKI	+0.0100%	1h	0.00002877	+2.746%	$559K	$391K	5x	as long as short
Aster 1000FLOKIUSDT	+0.0100%	8h	0.00002876	+2.710%	$11K	$56K	10x	as long as short
Binance 1000FLOKIUSDT	+0.0100%	8h	0.00002875	+2.679%	$4.8M	$26.8M	75x	as long as short
Bybit 1000FLOKIUSDT	+0.0100%	8h	0.00002876	+2.714%	$2.7M	$4.8M	50x	as long as short
OKX FLOKI-USDT-SWAP	+0.0100%	8h	0.00002877	+2.750%	$1.1M	$5.9M	20x	as long as short
Gate FLOKI_USDT	+0.0100%	8h	0.00002872	+2.571%	$522K	$1.9M	50x	as long as short
MEXC FLOKI_USDT	+0.0100%	8h	0.00002873	+2.607%	$6.7M	$6.3M	200x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin FLOKIUSDTM	+0.0100%	8h	0.00002875	+2.664%	$1.7M	$1.2M	75x	as long as short
Bitget FLOKIUSDT	+0.0100%	8h	0.00002871	+2.536%	$1.9M	$2.9M	75x	as long as short
BingX FLOKI-USDT	+0.0100%	8h	0.00002875	+2.679%	—	$11.0M	—	as long as short
Variational Omni 1000FLOKIshort	+0.0100%	8h	0.00002879	+2.823%	$64K	$61K	—
HTX FLOKI-USDT	+0.0100%	8h	0.00002880	+2.857%	$106K	$93K	75x	as long as short
Extended kFLOKI-USD	+0.0104%	1h	0.00002872	+2.559%	$5K	—	10x	as long as short
GMX FLOKI/USD [WBTC.b-USDC]long	L +0.0149% / S −0.0038%	1h	0.00002800	long leg	$2K	—	100x
BloFin 1000FLOKI-USDT	+0.0220%	8h	0.00002881	+2.893%	$452K	$827K	75x	as long as short
Kraken Futures PF_FLOKIUSD	+0.1942%	1h	0.00002879	+2.814%	$97K	$121K	50x	as long as short