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

NOT

all NOT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0035%/8h= −3.9% APRnext payment $0.18 per $10,000 · paid last 24h −0.187%
Price spread now: Variational Omni against BingX−0.074%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 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.074% cheaper against BingX than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX NOT-USDC0.00050480.0100pay 0.0050% / 4h2h 13m$719K
ShortVariational Omni NOT0.00050440.0065get 0.0032% / 4h2h 13m$66K$34K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against BingX. 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
−$7.38
Price spread: −0.074% → 0.000%
−$7.38
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$24.77
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: BingX: live order book, 45 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 BingX live order book, 45 min ago3.97 bp152.4 bp −$152doesn'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.

NOT on 16 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
Injective NOT/USDC PERP+0.0033%1h0.0004874−3.447%$1K$13K5.5xas long as short
Variational Omni NOTshort+0.0065%4h0.0005044−0.074%$66K$34K
BloFin NOT-USDT+0.0094%4h0.0005052+0.079%$111K$17K50xas long as short
Lighter 1000NOT+0.0096%1h0.0005062+0.271%$11K$5K3xas long as short
Hyperliquid NOT+0.0100%1h0.0005050+0.040%$369K$50K3xas long as short
Aster NOTUSDT+0.0100%4h0.0005049+0.012%$14K$9K5xas long as short
Binance NOTUSDT+0.0100%4h0.0005052+0.087%$2.1M$3.0M50xas long as short
Bybit NOTUSDT+0.0100%4h0.0005043−0.099%$2.1M$802K25xas long as short
OKX NOT-USDT-SWAP+0.0100%4h0.0005051+0.059%$612K$579K20xas long as short
Gate NOT_USDT+0.0100%4h0.0005050+0.040%$140K$77K50xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC NOT_USDT+0.0100%4h0.0005052+0.079%$1.3M$492K200xas long as short
KuCoin NOTUSDTM+0.0100%4h0.0005045−0.059%$493K$119K50xas long as short
Bitget NOTUSDT+0.0100%4h0.0005055+0.139%$664K$382K50xas long as short
BingX NOT-USDClong+0.0100%4h0.0005048long leg$719K
Extended kNOT-USD+0.0104%1h0.0005052+0.073%$4K$1K5xas long as short
Kraken Futures PF_NOTUSD+0.7060%1h0.0005089+0.808%$49K$9K10xas long as short