Funding arb · Price arb /

H

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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 +0.008%

Price spread now: Bybit against Variational Omni+1.060%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 Bybit

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 1.060% dearer against Variational Omni than usual: you sell high and buy low, +$106 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni H	0.06801	0.0100	pay 0.0050% / 4h	1h 52m	$8K	$10K	—
Short	Bybit HUSDT	0.06873	0.0100	get 0.0050% / 4h	1h 52m	$7.5M	$4.6M	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +1.060%Rate

Funding earned: $0
Price spread: +1.060% → 0.000%: $105.98
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $94.98
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; Bybit: live order book, 1 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 no order-book sample	—	—	—	—	—
Sell Bybit live order book, 1 min ago	3.65 bp	42.5 bp −$42	201.6 bp −$2,016	doesn't fit	doesn't fit

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.

H on 14 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 H/USDC PERP	+0.0033%	1h	0.06250	−8.101%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0060%	4h	0.06849	+0.707%	$587K	$114K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06868	+0.982%	$114K	$52K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06882	+1.192%	$14.8M	$10.6M	10x	as long as short
Bybit HUSDTshort	+0.0100%	4h	0.06873	+1.060%	$7.5M	$4.6M	13x
OKX H-USDT-SWAP	+0.0100%	4h	0.06883	+1.207%	$1.7M	$5.7M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06873	+1.060%	$2.8M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06879	+1.148%	$6.2M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06876	+1.104%	$1.6M	$10.1M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06867	+0.972%	$1.7M	$458K	4x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDT	+0.0100%	4h	0.06871	+1.030%	—	$2.7M	—	as long as short
Variational Omni Hlong	+0.0100%	4h	0.06801	long leg	$8K	$10K	—
GRVT H_USDT_Perp	+0.0100%	4h	0.06828	+0.404%	$1.1M	$455K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06881	+1.176%	$11K	$107K	5x	as long as short