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

NIL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0088%/8h= +9.6% APRnext payment +$0.44 per $10,000 · paid last 24h +0.001%
Price spread now: Variational Omni against Binance+0.217%7-day average +0.017% · 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)+0.001%$0 on $10k
Price spread, last 3 days (all we have)−0.193%−$19 · spread now +0.217%, 7d avg +0.017%
Together, before fees−0.192%+ Points / potential airdropVariational Omni: Active · farm board−$19 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Variational Omni is 0.200% dearer against Binance than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.017%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance NILUSDT0.068730.0100pay 0.0050% / 4h3h 44m$5.3M$77.9M50x
ShortVariational Omni NIL0.068880.0188get 0.0094% / 4h3h 44m$176K$265K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Binance. 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
$18.49
Price spread: +0.217% → +0.017%
$19.99
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$28.48
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Binance: live order book, 13 min ago; Variational Omni: RFQ quote, 30 min ago. 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 Binance live order book, 13 min ago2.19 bp23.7 bp −$24149.2 bp −$1,492doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 30 min ago5.88 bpdoesn't fit126.3 bp −$1,263doesn't fitdoesn't fit

NIL 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
BloFin NIL-USDT+0.0061%4h0.06854−0.276%$348K$140K50xas long as short
Aster NILUSDT+0.0100%4h0.06866−0.097%$22K$341K5xas long as short
Binance NILUSDTlong+0.0100%4h0.06873long leg$5.3M$77.9M50x
Gate NIL_USDT+0.0100%4h0.06863−0.145%$438K$1.9M50xas long as short
MEXC NIL_USDT+0.0100%4h0.06888+0.218%$2.5M$4.7M100xas long as short
KuCoin NILUSDTM+0.0100%4h0.06872−0.015%$513K$678K30xas long as short
Bitget NILUSDT+0.0100%4h0.06880+0.102%$1.8M$8.4M50xas long as short
BingX NIL-USDT+0.0100%4h0.06871−0.029%$8.5Mas long as short
Extended NIL-USD+0.0104%1h0.06860−0.183%$19K$92K5xas long as short
Variational Omni NILshort+0.0188%4h0.06888+0.217%$176K$265K
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit NILUSDT+0.0319%4h0.06892+0.276%$3.8M$13.8M20xas long as short
Hyperliquid NIL+0.4927%1h0.06910+0.544%$4.3M$4.5M3xas long as short