Funding arb · Price arb /

INIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Variational Omni against Gate−0.263%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 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: Variational Omni is 0.263% cheaper against Gate than usual: you would sell low and buy high, −$26 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	Gate INIT_USDT	0.08286	0.0100	pay 0.0100% / 8h	2h 32m	$81K	$46K	25x
Short	Variational Omni INIT	0.08264	0.0100	get 0.0050% / 4h	2h 32m	$26K	$14K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GatebpFee Variational OmnibpOrdersPrice spread, now −0.263%Rate

Funding earned: $0
Price spread: −0.263% → 0.000%: −$26.29
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$41.29
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: 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 Gate no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

Gate 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.

INIT on 13 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
Hyperliquid INIT	+0.0100%	1h	0.08294	+0.101%	$309K	$237K	3x	as long as short
Aster INITUSDT	+0.0100%	4h	0.08299	+0.157%	$27K	$39K	5x	as long as short
Binance INITUSDT	+0.0100%	4h	0.08292	+0.077%	$3.4M	$4.0M	25x	as long as short
Bybit INITUSDT	+0.0100%	4h	0.08283	−0.036%	$1.4M	$1.7M	25x	as long as short
OKX INIT-USDT-SWAP	+0.0100%	4h	0.08298	+0.145%	$139K	$742K	10x	as long as short
Gate INIT_USDTlong	+0.0100%	8h	0.08286	long leg	$81K	$46K	25x
MEXC INIT_USDT	+0.0100%	4h	0.08298	+0.145%	$442K	$209K	20x	as long as short
KuCoin INITUSDTM	+0.0100%	4h	0.08300	+0.169%	$323K	$63K	25x	as long as short
Bitget INITUSDT	+0.0100%	4h	0.08288	+0.024%	$426K	$346K	25x	as long as short
BingX INIT-USDT	+0.0100%	4h	0.08292	+0.072%	—	$6.6M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni INITshort	+0.0100%	4h	0.08264	−0.263%	$26K	$14K	—
Kraken Futures PF_INITUSD	+0.0113%	1h	0.08299	+0.161%	$5K	$24K	10x	as long as short
BloFin INIT-USDT	+0.0121%	4h	0.08282	−0.048%	$152K	$109K	25x	as long as short