Funding arb · Price arb /

IO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Variational Omni+0.015%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 BingX

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni IO	0.1516	0.0100	pay 0.0050% / 4h	3h 44m	$33K	$8K	—
Short	BingX IO-USDT	0.1516	0.0100	get 0.0050% / 4h	3h 44m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.015%Rate

Funding earned: $0
Price spread: +0.015% → 0.000%: $1.55
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$8.45
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; BingX: live order book, 7 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 BingX live order book, 7 min ago	9.91 bp	27.4 bp −$27	65.6 bp −$656	446.3 bp −$44.6K	563.3 bp −$281.7K

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
BloFin IO-USDT	+0.0096%	4h	0.1518	+0.147%	$193K	$31K	50x	as long as short
Hyperliquid IO	+0.0100%	1h	0.1516	+0.042%	$1.0M	$386K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1517	+0.082%	$6K	$32K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1517	+0.081%	$3.0M	$6.6M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1515	−0.050%	$1.1M	$894K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1517	+0.068%	$242K	$545K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1515	−0.050%	$1.2M	$230K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1516	+0.015%	$374K	$672K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1516	+0.015%	$1.3M	$1.2M	50x	as long as short
BingX IO-USDTshort	+0.0100%	4h	0.1516	+0.015%	—	$1.3M	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni IOlong	+0.0100%	4h	0.1516	long leg	$33K	$8K	—
Extended IO-USD	+0.0104%	1h	0.1517	+0.058%	$906	$173K	5x	as long as short
Injective IO/USDC PERP	+0.0414%	1h	0.1517	+0.081%	$2K	$202	5.5x	as long as short
Kraken Futures PF_IOUSD	+0.0621%	1h	0.1519	+0.185%	$39K	$18K	10x	as long as short