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

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.1529%/8h= +167.4% APRnext payment +$7.64 per $10,000 · paid last 24h +0.396%
Price spread now: BloFin against Variational Omni+0.229%101s7-day average +0.112% · 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)+0.814%+$81 on $10k
Price spread, last 3 days (all we have)−1.754%−$175 · spread now +0.229%, 7d avg +0.112%
Together, before fees−0.940%+ Points / potential airdropVariational Omni: Active · farm board−$94 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$46 a day on $10k at the current rate, and BloFin is 0.116% dearer against Variational Omni than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.112%. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni S0.03947−0.1189get 0.0594% / 4h2h 55m$614K$42K
ShortBloFin S-USDT0.039560.0340get 0.0170% / 4h2h 55m$201K$203K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$321.01
Price spread: +0.229% → +0.112%
$11.65
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee BloFin: 6 bp × 2 orders
−$12
Net
$320.66
Costs to cover
0.120%
Break-even
0.0 days
Slippage unknown: Variational Omni: RFQ quote, 33 min ago; BloFin: live order book, 28 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, 33 min ago6.32 bpdoesn't fit82.1 bp −$821doesn't fitdoesn't fit
Sell BloFin live order book, 28 min ago5.05 bp17.9 bp −$1844.6 bp −$446doesn't fitdoesn't fit

S on 25 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
Kraken Futures PF_SUSD−0.1448%1h0.03942−0.119%$33K$33K10xas long as short
Coinbase International S-PERP-INTX−0.1264%1h0.03826−3.065%$47K$5K25xas long as short
Variational Omni Slong−0.1189%4h0.03947long leg$614K$42K
GMX S/USD [WBTC.b-USDC]L −0.0173% / S +0.0169%1h0.03950+0.079%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.03942−0.118%$415xas long as short
Aster SUSDT−0.0031%4h0.03947−0.006%$43K$212K10xas long as short
01 Exchange SUSD−0.0024%1h0.03940−0.177%$24K$3K5xas long as short
Orderly PERP_S_USDC−0.0019%4h0.039470.000%$101K$339K10xas long as short
Hyperliquid S−0.0010%1h0.03945−0.048%$995K$974K5xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.03950+0.078%$609150xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective S/USDC PERP+0.0033%1h0.04100+3.877%$2K$37K12xas long as short
OKX S-USDT-SWAP+0.0061%4h0.03943−0.101%$982K$8.2M20xas long as short
Lighter S+0.0096%1h0.03949+0.051%$165K$240K5xas long as short
Binance SUSDT+0.0100%4h0.03947+0.004%$5.4M$25.5M75xas long as short
Bybit SUSDT+0.0100%4h0.03940−0.177%$5.6M$6.8M50xas long as short
Gate S_USDT+0.0100%4h0.03938−0.228%$322K$290K50xas long as short
MEXC S_USDT+0.0100%4h0.03944−0.076%$3.6M$2.5M200xas long as short
KuCoin SUSDTM+0.0100%4h0.03940−0.177%$1.8M$3.1M50xas long as short
Bitget SUSDT+0.0100%4h0.03944−0.076%$1.2M$3.2M50xas long as short
BingX S-USDT+0.0100%4h0.03944−0.076%$6.8Mas long as short
Backpack S_USDC_PERP+0.0100%1h0.03950+0.077%$115K$288K5xas long as short
ApeX Omni SUSDT+0.0100%1h0.03960+0.330%$24K$475K50xas long as short
Extended S-USD+0.0104%1h0.03942−0.132%$222K$890K10xas long as short
Deribit S_USDC-PERPETUAL+0.0258%1h0.03939−0.202%$66K$10K10xas long as short
BloFin S-USDTshort+0.0340%4h0.03956+0.229%$201K$203K75x