Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0422%/8h= +46.2% APRpaid last 24h +0.116%

Price spread now: Extended against Variational Omni−0.111%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · Extended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.111% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.111% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 21 hours of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NOT	0.0005076	−0.0318	get 0.0159% / 4h	3h 32m	$72K	$38K	—
Short	Extended kNOT-USD	0.0005070	0.0104	get 0.0013% / 1h	32m 46s	$4K	—	5x

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

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latest

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

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee ExtendedbpOrdersPrice spread, now −0.111%Rate

Funding earned: $88.63
Price spread: −0.111% → 0.000%: −$11.12
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: $72.51
Costs to cover: 0.050%
Break-even: 1.3 days

Slippage unknown: Variational Omni: no order-book sample; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni no order-book sample	—	—	—	—	—
Sell Extended no order-book sample	—	—	—	—	—

Variational Omni and 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.

NOT on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NOTlong	−0.0318%	4h	0.0005076	long leg	$72K	$38K	—
KuCoin NOTUSDTM	−0.0250%	4h	0.0005062	−0.278%	$473K	$128K	50x	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.982%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDT	+0.0058%	4h	0.0005090	+0.274%	$111K	$18K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005080	+0.079%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005070	−0.120%	$359K	$55K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005071	−0.099%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005072	−0.085%	$2.1M	$3.0M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005062	−0.278%	$2.1M	$856K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005069	−0.140%	$643K	$673K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NOT_USDT	+0.0100%	4h	0.0005069	−0.140%	$140K	$70K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005072	−0.081%	$1.4M	$440K	200x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005073	−0.061%	$673K	$411K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0005072	−0.081%	—	$8.7M	—	as long as short
Extended kNOT-USDshort	+0.0104%	1h	0.0005070	−0.111%	$4K	—	5x
Kraken Futures PF_NOTUSD	+0.1127%	1h	0.0005072	−0.078%	$49K	$7K	10x	as long as short