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

NIL

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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 +0.001%
Price spread now: Variational Omni against Bybit−0.039%7-day average −0.079% · you buy dearer than you sell
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 4 days (all we have)−0.011%−$1 · spread now −0.039%, 7d avg −0.079%
Together, before fees−0.010%+ Points / potential airdropVariational Omni: Active · farm board−$1 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.040% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.079%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit NILUSDT0.069720.0100pay 0.0050% / 4h4m 51s$3.8M$13.7M20x
ShortVariational Omni NIL0.069690.0100get 0.0050% / 4h4m 51s$184K$264K

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

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.039% → −0.079%
$4
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
−$7
Costs to cover
0.110%
Break-even
never at this rate
Slippage unknown: Bybit: live order book, 3 min ago; Variational Omni: RFQ quote, 54 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 Bybit live order book, 3 min ago5.73 bp42.3 bp −$42312.5 bp −$3,125doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 54 min ago7.01 bpdoesn't fit217.1 bp −$2,171doesn'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
Aster NILUSDT+0.0100%4h0.06959−0.191%$23K$315K5xas long as short
Binance NILUSDT+0.0100%4h0.06961−0.158%$5.4M$74.1M50xas long as short
Bybit NILUSDTlong+0.0100%4h0.06972long leg$3.8M$13.7M20x
Gate NIL_USDT+0.0100%4h0.06961−0.158%$448K$2.0M50xas long as short
MEXC NIL_USDT+0.0100%4h0.06965−0.100%$2.3M$4.3M100xas long as short
KuCoin NILUSDTM+0.0100%4h0.06968−0.057%$580K$702K30xas long as short
Bitget NILUSDT+0.0100%4h0.06971−0.014%$1.9M$8.4M50xas long as short
BingX NIL-USDT+0.0100%4h0.06963−0.129%$8.4Mas long as short
Variational Omni NILshort+0.0100%4h0.06969−0.039%$184K$264K
Extended NIL-USD+0.0104%1h0.06964−0.117%$21K$98K5xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin NIL-USDT+0.0147%4h0.06956−0.229%$351K$125K50xas long as short
Hyperliquid NIL+0.0841%1h0.06977+0.067%$4.4M$4.6M3xas long as short