Funding arb · Price arb /

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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: Gate against Variational Omni+0.077%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 Gate

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: Gate is 0.077% dearer against Variational Omni than usual: you sell high and buy low, +$8 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	0.1527	0.0100	pay 0.0050% / 4h	1h 18m	$33K	$13K	—
Short	Gate IO_USDT	0.1528	0.0100	get 0.0050% / 4h	1h 18m	$235K	$562K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.077%Rate

Funding earned: $0
Price spread: +0.077% → 0.000%: $7.74
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$7.26
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; Gate: live order book, 43 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 Gate live order book, 43 min ago	5.28 bp	205.8 bp −$206	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	−0.0430%	1h	0.1518	−0.604%	$2K	$201	5.5x	as long as short
BloFin IO-USDT	+0.0085%	4h	0.1527	−0.014%	$195K	$39K	50x	as long as short
Hyperliquid IO	+0.0100%	1h	0.1527	+0.005%	$1.0M	$378K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1528	+0.074%	$24K	$49K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1528	+0.032%	$3.0M	$6.6M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1526	−0.080%	$1.1M	$919K	25x	as long as short
Gate IO_USDTshort	+0.0100%	4h	0.1528	+0.077%	$235K	$562K	50x
MEXC IO_USDT	+0.0100%	4h	0.1527	−0.014%	$1.2M	$228K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1527	−0.014%	$358K	$658K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1528	+0.051%	$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	0.1527	−0.014%	—	$1.3M	—	as long as short
Variational Omni IOlong	+0.0100%	4h	0.1527	long leg	$33K	$13K	—
Extended IO-USD	+0.0104%	1h	0.1528	+0.037%	$2K	$135K	5x	as long as short
Kraken Futures PF_IOUSD	+2.3225%	1h	0.1529	+0.135%	$39K	$18K	10x	as long as short