Funding arb · Price arb /

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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 Aster−0.518%7-day average — · you buy dearer than you sell

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

Long on Aster 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 airdropAster: Stage 5 · Variational 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 0.518% cheaper against Aster than usual: you would sell low and buy high, −$52 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	Aster IOUSDT	0.1518	0.0100	pay 0.0050% / 4h	1h 02m	$6K	$32K	5x
Short	Variational Omni IO	0.1510	0.0100	get 0.0050% / 4h	1h 02m	$30K	$5K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aster. 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 AsterbpFee Variational OmnibpOrdersPrice spread, now −0.518%Rate

Funding earned: $0
Price spread: −0.518% → 0.000%: −$51.83
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$59.83
Costs to cover: 0.080%
Break-even: never at this rate

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

Aster 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.

IO 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
Kraken Futures PF_IOUSD	−0.0637%	1h	0.1520	+0.139%	$39K	$21K	10x	as long as short
BloFin IO-USDT	+0.0068%	4h	0.1516	−0.143%	$194K	$31K	50x	as long as short
Hyperliquid IO	+0.0100%	1h	0.1517	−0.103%	$1.0M	$387K	3x	as long as short
Aster IOUSDTlong	+0.0100%	4h	0.1518	long leg	$6K	$32K	5x
Binance IOUSDT	+0.0100%	4h	0.1517	−0.107%	$3.0M	$6.5M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1514	−0.248%	$1.1M	$878K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1517	−0.083%	$246K	$553K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1515	−0.208%	$1.1M	$233K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1516	−0.143%	$400K	$654K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1517	−0.077%	$1.3M	$1.2M	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX IO-USDT	+0.0100%	4h	0.1516	−0.143%	—	$1.3M	—	as long as short
Variational Omni IOshort	+0.0100%	4h	0.1510	−0.518%	$30K	$5K	—
Extended IO-USD	+0.0104%	1h	0.1517	−0.097%	$5K	$171K	5x	as long as short
Injective IO/USDC PERP	+0.0163%	1h	0.1514	−0.274%	$2K	$106	5.5x	as long as short