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−0.0141%/8h= −15.5% APRnext payment $0.71 per $10,000 · paid last 24h −0.003%
Price spread now: BingX against Variational Omni−0.130%7-day average −0.009% · 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)−0.004%$0 on $10k
Price spread, last 4 days (all we have)+0.160%+$16 · spread now −0.130%, 7d avg −0.009%
Together, before fees+0.156%+ Points / potential airdropVariational Omni: Active · farm board+$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and BingX is 0.121% cheaper against Variational Omni than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.009%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni NIL0.070830.0241pay 0.0121% / 4h1h 21m$182K$283K
ShortBingX NIL-USDT0.070740.0100get 0.0050% / 4h1h 21m$8.4M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Variational Omni. 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
−$29.69
Price spread: −0.130% → −0.009%
−$12.1
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee BingX: 5 bp × 2 orders
−$10
Net
−$51.79
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 43 min ago; BingX: live order book, 7 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 Variational Omni RFQ quote, 43 min ago6.28 bpdoesn't fit175.3 bp −$1,753doesn't fitdoesn't fit
Sell BingX live order book, 7 min ago5.03 bp25.7 bp −$26119.2 bp −$1,192491.5 bp −$49.1K810.2 bp −$405.1K

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%4h0.07065−0.259%$23K$332K5xas long as short
Binance NILUSDT+0.0100%4h0.07072−0.158%$5.5M$75.6M50xas long as short
Bybit NILUSDT+0.0100%4h0.07084+0.011%$3.9M$13.9M20xas long as short
MEXC NIL_USDT+0.0100%4h0.07068−0.214%$2.4M$4.4M100xas long as short
KuCoin NILUSDTM+0.0100%4h0.07074−0.130%$581K$712K30xas long as short
Bitget NILUSDT+0.0100%4h0.07073−0.144%$1.8M$8.4M50xas long as short
BingX NIL-USDTshort+0.0100%4h0.07074−0.130%$8.4M
Extended NIL-USD+0.0104%1h0.07071−0.172%$17K$91K5xas long as short
BloFin NIL-USDT+0.0146%4h0.07071−0.172%$368K$127K50xas long as short
Variational Omni NILlong+0.0241%4h0.07083long leg$182K$283K
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate NIL_USDT+0.0258%4h0.07088+0.068%$455K$2.0M50xas long as short
Hyperliquid NIL+0.1712%1h0.07090+0.103%$4.4M$4.5M3xas long as short