Settings8H · net · $10k
Funding arb · Price arb /

M

all M markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.1132%/8h= −123.9% APRnext payment $5.66 per $10,000 · paid last 24h −0.117%
Price spread now: Variational Omni against BloFin+0.542%101s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
The price spread pays, funding is against you. Variational Omni is 0.542% dearer against BloFin than usual: you sell high and buy low (spread +0.542% now, against zero (this spread has no 7-day history yet)): +$54 on $10k if it goes back. Holding the pair costs −$34 a day in funding at the current rate, which eats that in about 38 hours. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin M-USDT1.47200.1232pay 0.0616% / 4h31m 29s$350K$432K10x
ShortVariational Omni M1.48000.0100get 0.0050% / 4h31m 29s$92K$43K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against BloFin. 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

Funding earned
−$237.67
Price spread: +0.542% → 0.000%
$54.21
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$195.46
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: BloFin: live order book, 44 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
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 44 min ago15.47 bp35.0 bp −$35doesn't fitdoesn't fitdoesn'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.

M on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit MUSDT+0.0100%4h1.4630−0.611%$4.6M$2.3M20xas long as short
Gate M_USDT+0.0100%8h1.4631−0.605%$2.0M$935K10xas long as short
Bitget MUSDT+0.0100%4h1.4661−0.401%$1.9M$363K10xas long as short
Variational Omni Mshort+0.0100%4h1.4800+0.542%$92K$43K
Orderly PERP_M_USDC+0.0100%4h1.4685−0.238%$2K$59610xas long as short
SunX M-USDT+0.0100%4h1.4698−0.149%$2K$616K20xas long as short
Aster MUSDT+0.0889%4h1.4651−0.467%$14K$116K5xas long as short
BloFin M-USDTlong+0.1232%4h1.4720long leg$350K$432K10x
BingX M-USDT+0.1236%4h1.4627−0.632%$2.4Mas long as short
Binance MUSDT+0.1285%4h1.4632−0.598%$5.5M$4.8M10xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC M_USDT+0.1286%4h1.4652−0.462%$249K$111K50xas long as short
KuCoin MUSDTM+0.1442%4h1.4510−1.426%$1.4M$4.3M10xas long as short