Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Variational Omni+0.106%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 Extended

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 · Extended: 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: Extended is 0.106% dearer against Variational Omni than usual: you sell high and buy low, +$11 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	Variational Omni IO	0.1509	0.0100	pay 0.0050% / 4h	35m 16s	$30K	$5K	—
Short	Extended IO-USD	0.1511	0.0104	get 0.0013% / 1h	35m 16s	$5K	$171K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Variational Omni. 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 Variational OmnibpFee ExtendedbpOrdersPrice spread, now +0.106%Rate

Funding earned: $0.84
Price spread: +0.106% → 0.000%: $10.57
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $6.41
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; Extended: live order book, 41 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 Extended live order book, 41 min ago	5.62 bp	70.2 bp −$70	doesn't fit	doesn't fit	doesn't fit

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
Injective IO/USDC PERP	−0.0159%	1h	0.1515	+0.376%	$2K	$104	5.5x	as long as short
Hyperliquid IO	+0.0100%	1h	0.1511	+0.131%	$1.0M	$387K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1512	+0.185%	$6K	$32K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1511	+0.130%	$3.0M	$6.5M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1508	−0.088%	$1.1M	$876K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1512	+0.144%	$244K	$548K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1509	−0.022%	$1.1M	$228K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1509	−0.022%	$383K	$663K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1511	+0.111%	$1.3M	$1.2M	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1511	+0.111%	—	$1.3M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni IOlong	+0.0100%	4h	0.1509	long leg	$30K	$5K	—
Extended IO-USDshort	+0.0104%	1h	0.1511	+0.106%	$5K	$171K	5x
BloFin IO-USDT	+0.0111%	4h	0.1516	+0.442%	$194K	$31K	50x	as long as short
Kraken Futures PF_IOUSD	+1.2613%	1h	0.1512	+0.180%	$39K	$19K	10x	as long as short