Funding arb · Price arb /

INIT

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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 0.000%

Price spread now: Variational Omni against KuCoin−0.194%7-day average — · you buy dearer than you sell

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

Long on KuCoin 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.194% cheaper against KuCoin than usual: you would sell low and buy high, −$19 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	KuCoin INITUSDTM	0.08173	0.0100	pay 0.0050% / 4h	2h 14m	$325K	$55K	25x
Short	Variational Omni INIT	0.08157	0.0100	get 0.0050% / 4h	2h 14m	$26K	$23K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against KuCoin. 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 KuCoinbpFee Variational OmnibpOrdersPrice spread, now −0.194%Rate

Funding earned: $0
Price spread: −0.194% → 0.000%: −$19.41
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$31.41
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 66 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 66 min ago	16.43 bp	474.1 bp −$474	doesn't fit	doesn't fit	doesn'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.

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
BloFin INIT-USDT	+0.0096%	4h	0.08169	−0.049%	$154K	$110K	25x	as long as short
Hyperliquid INIT	+0.0100%	1h	0.08166	−0.092%	$297K	$235K	3x	as long as short
Aster INITUSDT	+0.0100%	4h	0.08172	−0.015%	$27K	$36K	5x	as long as short
Binance INITUSDT	+0.0100%	4h	0.08171	−0.024%	$3.4M	$3.6M	25x	as long as short
Bybit INITUSDT	+0.0100%	4h	0.08159	−0.171%	$1.4M	$1.4M	25x	as long as short
OKX INIT-USDT-SWAP	+0.0100%	4h	0.08169	−0.049%	$132K	$630K	10x	as long as short
Gate INIT_USDT	+0.0100%	8h	0.08167	−0.073%	$83K	$56K	25x	as long as short
MEXC INIT_USDT	+0.0100%	4h	0.08170	−0.037%	$444K	$217K	20x	as long as short
KuCoin INITUSDTMlong	+0.0100%	4h	0.08173	long leg	$325K	$55K	25x
Bitget INITUSDT	+0.0100%	4h	0.08168	−0.061%	$426K	$311K	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX INIT-USDT	+0.0100%	4h	0.08171	−0.024%	—	$6.6M	—	as long as short
Variational Omni INITshort	+0.0100%	4h	0.08157	−0.194%	$26K	$23K	—
Kraken Futures PF_INITUSD	+0.0535%	1h	0.08171	−0.026%	$6K	$17K	10x	as long as short