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

NIL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h 0.000%
Price spread now: Extended against Variational Omni−0.240%7-day average · 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)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · Extended: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Extended is 0.240% cheaper against Variational Omni than usual: you would sell low and buy high (−$24 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni NIL0.068880.0188pay 0.0094% / 4h3h 44m$176K$265K
ShortExtended NIL-USD0.068710.0104get 0.0013% / 1h44m 16s$19K$92K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
−$17.65
Price spread: −0.240% → 0.000%
−$24.02
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$46.67
Costs to cover
0.050%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 30 min ago; Extended: 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 Variational Omni RFQ quote, 30 min ago5.88 bpdoesn't fit138.1 bp −$1,381doesn't fitdoesn't fit
Sell Extended no order-book sample
Extended: 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.

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%4h0.06854−0.493%$348K$140K50xas long as short
Aster NILUSDT+0.0100%4h0.06874−0.202%$22K$341K5xas long as short
Binance NILUSDT+0.0100%4h0.06872−0.231%$5.3M$77.9M50xas long as short
Gate NIL_USDT+0.0100%4h0.06874−0.202%$439K$1.9M50xas long as short
MEXC NIL_USDT+0.0100%4h0.06888+0.001%$2.5M$4.7M100xas long as short
KuCoin NILUSDTM+0.0100%4h0.06872−0.231%$513K$678K30xas long as short
Bitget NILUSDT+0.0100%4h0.06880−0.115%$1.8M$8.4M50xas long as short
BingX NIL-USDT+0.0100%4h0.06871−0.246%$8.5Mas long as short
Extended NIL-USDshort+0.0104%1h0.06871−0.240%$19K$92K5x
Variational Omni NILlong+0.0188%4h0.06888long leg$176K$265K
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit NILUSDT+0.0319%4h0.06892+0.059%$3.8M$13.8M20xas long as short
Hyperliquid NIL+0.4927%1h0.06910+0.326%$4.3M$4.5M3xas long as short