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

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0035%/8h= −3.8% APRpaid last 24h −0.014%
Price spread now: Variational Omni against Bitget−0.112%7-day average · you buy dearer than you sell
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
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.112% cheaper against Bitget than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget GMTUSDT0.0085690.0100pay 0.0050% / 4h1h 21m$674K$638K50x
ShortVariational Omni GMT0.0085590.0065get 0.0065% / 8h5h 21m$4K$5K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Bitget. 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
−$7.35
Price spread: −0.112% → 0.000%
−$11.18
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$30.53
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Bitget: live order book, 39 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 Bitget live order book, 39 min ago4.66 bp25.5 bp −$26252.9 bp −$2,529doesn'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.

GMT on 12 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
Kraken Futures PF_GMTUSD−0.1562%1h0.008567−0.023%$45K$14K20xas long as short
KuCoin GMTUSDTM−0.0486%4h0.008560−0.105%$281K$191K50xas long as short
OKX GMT-USDT-SWAP−0.0227%4h0.008558−0.128%$395K$1.2M20xas long as short
Bybit GMTUSDT−0.0200%8h0.008565−0.047%$1.1M$1.9M50xas long as short
Aster GMTUSDT+0.0007%4h0.008556−0.149%$7K$22K10xas long as short
Gate GMT_USDT+0.0027%8h0.008560−0.105%$147K$179K50xas long as short
Variational Omni GMTshort+0.0065%8h0.008559−0.112%$4K$5K
Hyperliquid GMT+0.0100%1h0.008563−0.070%$114K$151K3xas long as short
Binance GMTUSDT+0.0100%4h0.008566−0.035%$2.9M$5.1M50xas long as short
MEXC GMT_USDT+0.0100%4h0.008566−0.035%$445K$212K20xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget GMTUSDTlong+0.0100%4h0.008569long leg$674K$638K50x
BingX GMT-USDT+0.0100%4h0.008560−0.105%$1.3Mas long as short