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

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0609%/8h= +66.7% APRnext payment +$3.05 per $10,000 · paid last 24h +0.358%
Price spread now: Binance against Variational Omni−0.194%7-day average +0.148% · 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)+0.650%+$65 on $10k
Price spread, last 4 days (all we have)−0.810%−$81 · spread now −0.194%, 7d avg +0.148%
Together, before fees−0.161%+ Points / potential airdropVariational Omni: Active · farm board−$16 on $10k · with fees, hour by hour
Funding pays, the price is against you. Binance is 0.342% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.194% now, against its 7-day average of +0.148%). If the spread goes back, that is −$34 on $10k: about 45 hours of funding at the current rate (+$18 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni S0.04066−0.0509get 0.0255% / 4h2h 33m$632K$30K
ShortBinance SUSDT0.040580.0100get 0.0050% / 4h2h 33m$5.6M$15.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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
$127.92
Price spread: −0.194% → +0.148%
−$34.16
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Binance: 5 bp × 2 orders
−$10
Net
$83.77
Costs to cover
0.100%
Break-even
2.4 days
Slippage unknown: Variational Omni: RFQ quote, 36 min ago; Binance: 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, 36 min ago7.50 bpdoesn't fit80.0 bp −$800doesn't fitdoesn't fit
Sell Binance live order book, 7 min ago2.49 bp23.4 bp −$2375.0 bp −$750392.1 bp −$39.2Kdoesn't fit

S on 24 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
01 Exchange SUSD−0.7408%1h0.03940−3.096%$24K$2K5xas long as short
Coinbase International S-PERP-INTX−0.1464%1h0.04022−1.079%$48K$16K25xas long as short
Kraken Futures PF_SUSD−0.1251%1h0.04049−0.425%$34K$23K10xas long as short
Variational Omni Slong−0.0509%4h0.04066long leg$632K$30K
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.04063−0.063%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.04058−0.184%$415xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.04062−0.097%$2K150xas long as short
Injective S/USDC PERP+0.0033%1h0.04100+0.839%$2K$37K12xas long as short
Orderly PERP_S_USDC+0.0041%4h0.04055−0.267%$102K$338K10xas long as short
Lighter S+0.0096%1h0.04056−0.243%$167K$165K5xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.04062−0.105%$1.0M$572K5xas long as short
Aster SUSDT+0.0100%4h0.04054−0.293%$44K$137K10xas long as short
Binance SUSDTshort+0.0100%4h0.04058−0.194%$5.6M$15.4M75x
Bybit SUSDT+0.0100%4h0.04052−0.341%$5.8M$4.9M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.04058−0.194%$1.0M$4.5M20xas long as short
Gate S_USDT+0.0100%4h0.04047−0.464%$335K$203K50xas long as short
MEXC S_USDT+0.0100%4h0.04055−0.267%$3.9M$1.8M200xas long as short
KuCoin SUSDTM+0.0100%4h0.04057−0.218%$1.9M$2.9M50xas long as short
Bitget SUSDT+0.0100%4h0.04055−0.267%$1.2M$2.4M50xas long as short
BingX S-USDT+0.0100%4h0.04057−0.218%$6.7Mas long as short
ApeX Omni SUSDT+0.0100%1h0.04060−0.144%$26K$452K50xas long as short
Extended S-USD+0.0104%1h0.04049−0.404%$230K$1.1M10xas long as short
Deribit S_USDC-PERPETUAL+0.0490%1h0.04055−0.267%$68K$10K10xas long as short
Backpack S_USDC_PERP+0.1049%1h0.04060−0.144%$121K$345K5xas long as short