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

NOT

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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0256%/8h= +28.1% APRnext payment +$1.28 per $10,000 · paid last 24h +0.175%
Price spread now: Bybit against Variational Omni+0.481%7-day average · 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)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 for this trade now. Funding pays +$8 a day on $10k at the current rate, and Bybit is 0.481% dearer against Variational Omni than usual: you sell high and buy low: +$48 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni NOT0.0005022−0.0156get 0.0078% / 4h1h 55m$66K$34K
ShortBybit NOTUSDT0.00050460.0100get 0.0050% / 4h1h 55m$2.1M$802K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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
$53.81
Price spread: +0.481% → 0.000%
$48.14
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
$90.95
Costs to cover
0.110%
Break-even
from the start
Slippage unknown: Variational Omni: no order-book sample; Bybit: live order book, 1 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 no order-book sample
Sell Bybit live order book, 1 min ago3.97 bp29.0 bp −$29142.0 bp −$1,420doesn't fitdoesn't fit
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
Variational Omni NOTlong−0.0156%4h0.0005022long leg$66K$34K
Injective NOT/USDC PERP+0.0033%1h0.0004874−2.944%$1K$13K5.5xas long as short
BloFin NOT-USDT+0.0041%4h0.0005034+0.242%$111K$17K50xas long as short
Lighter 1000NOT+0.0096%1h0.0005056+0.687%$11K$5K3xas long as short
Hyperliquid NOT+0.0100%1h0.0005050+0.561%$369K$51K3xas long as short
Aster NOTUSDT+0.0100%4h0.0005049+0.545%$14K$9K5xas long as short
Binance NOTUSDT+0.0100%4h0.0005055+0.661%$2.1M$3.0M50xas long as short
Bybit NOTUSDTshort+0.0100%4h0.0005046+0.481%$2.1M$802K25x
OKX NOT-USDT-SWAP+0.0100%4h0.0005054+0.641%$613K$578K20xas long as short
Gate NOT_USDT+0.0100%4h0.0005047+0.501%$140K$78K50xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC NOT_USDT+0.0100%4h0.0005051+0.581%$1.3M$454K200xas long as short
KuCoin NOTUSDTM+0.0100%4h0.0005044+0.442%$493K$118K50xas long as short
Bitget NOTUSDT+0.0100%4h0.0005050+0.561%$664K$383K50xas long as short
BingX NOT-USDT+0.0100%4h0.0005050+0.561%$7.5Mas long as short
Extended kNOT-USD+0.0104%1h0.0005050+0.564%$4K$1K5xas long as short
Kraken Futures PF_NOTUSD+0.6150%1h0.0005082+1.202%$49K$9K10xas long as short