Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Gate−0.053%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 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 0.053% cheaper against Gate than usual: you would sell low and buy high, −$5 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 IO_USDT	0.1496	0.0100	pay 0.0050% / 4h	3h 50m	$223K	$545K	50x
Short	Variational Omni IO	0.1496	0.0100	get 0.0050% / 4h	3h 50m	$30K	$5K	—

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 −0.053%Rate

Funding earned: $0
Price spread: −0.053% → 0.000%: −$5.3
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: −$20.3
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 40 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 Gate live order book, 40 min ago	6.39 bp	277.7 bp −$278	17681.0 bp −$176.8K	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.

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
Hyperliquid IO	+0.0100%	1h	0.1497	+0.020%	$997K	$402K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1497	+0.053%	$6K	$32K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1497	+0.022%	$3.0M	$6.5M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1495	−0.074%	$1.1M	$933K	25x	as long as short
Gate IO_USDTlong	+0.0100%	4h	0.1496	long leg	$223K	$545K	50x
MEXC IO_USDT	+0.0100%	4h	0.1495	−0.087%	$1.1M	$237K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1495	−0.087%	$382K	$656K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1498	+0.114%	$1.4M	$1.2M	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1498	+0.114%	—	$1.3M	—	as long as short
Variational Omni IOshort	+0.0100%	4h	0.1496	−0.053%	$30K	$5K	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended IO-USD	+0.0104%	1h	0.1497	+0.045%	$5K	$171K	5x	as long as short
BloFin IO-USDT	+0.0129%	4h	0.1496	−0.020%	$192K	$32K	50x	as long as short
Kraken Futures PF_IOUSD	+0.0172%	1h	0.1498	+0.108%	$39K	$21K	10x	as long as short
Injective IO/USDC PERP	+0.0510%	1h	0.1499	+0.180%	$2K	$101	5.5x	as long as short