Funding arb · Price arb /

KGEN

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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 Bybit−0.112%7-day average — · you buy dearer than you sell

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

Long on Bybit 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 0.112% cheaper against Bybit than usual: you would sell low and buy high, −$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	Bybit KGENUSDT	0.1598	0.0100	pay 0.0050% / 4h	2h 49m	$742K	$328K	20x
Short	Variational Omni KGEN	0.1596	0.0100	get 0.0050% / 4h	2h 49m	$3K	$12	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. 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 BybitbpFee Variational OmnibpOrdersPrice spread, now −0.112%Rate

Funding earned: $0
Price spread: −0.112% → 0.000%: −$11.22
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$22.22
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 35 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 Bybit live order book, 35 min ago	6.27 bp	104.7 bp −$105	doesn't fit	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.

KGEN on 12 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
Bybit KGENUSDTlong	+0.0100%	4h	0.1598	long leg	$742K	$328K	20x
OKX KGEN-USDT-SWAP	+0.0100%	4h	0.1596	−0.113%	$194K	$129K	10x	as long as short
KuCoin KGENUSDTM	+0.0100%	4h	0.1598	+0.006%	$725K	$1.5M	50x	as long as short
Variational Omni KGENshort	+0.0100%	4h	0.1596	−0.112%	$3K	$12	—
SunX KGEN-USDT	+0.0100%	4h	0.1595	−0.200%	$3K	$844K	20x	as long as short
Bitget KGENUSDT	+0.0324%	4h	0.1595	−0.207%	$1.7M	$175K	50x	as long as short
BloFin KGEN-USDT	+0.0684%	4h	0.1599	+0.075%	$224K	$18K	50x	as long as short
BingX KGEN-USDT	+0.0696%	4h	0.1598	+0.013%	—	$6.5M	—	as long as short
MEXC KGEN_USDT	+0.0736%	4h	0.1598	+0.013%	$435K	$95K	50x	as long as short
Binance KGENUSDT	+0.0744%	4h	0.1598	+0.013%	$4.9M	$905K	50x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster KGENUSDT	+0.0885%	4h	0.1598	+0.013%	$19K	$5K	5x	as long as short
Gate KGEN_USDT	+0.1290%	4h	0.1592	−0.357%	$1.5M	$96K	50x	as long as short